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   "value": "<div class=\"t m0 h15 ffba fsc fc1 sc0 lsdb ws7f\" style=\"left:176.1738px; bottom:1036.5187px;\">NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:293.2893px; bottom:968.6083px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws3\" style=\"bottom:937.1083px;\">The Compan<span class=\"_ _3\"></span>y and the Gr<span class=\"_ _3\"></span>oup<span class=\"_ _351\"> </span></div><div class=\"t m1f3 h1a ffbd fse fc2 sc0 ls87 wsb5\" style=\"bottom:922.1083px;\">Roll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>oyce <span class=\"_ _f\"></span>H<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ngs <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>lc <span class=\"_ _f\"></span>(t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>\u2018<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>) <span class=\"_ _f\"></span>is <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>pub<span class=\"_ _0\"></span>lic <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any <span class=\"_ _f\"></span>limi<span class=\"_ _0\"></span>ted <span class=\"_ _3\"></span>by <span class=\"_ _f\"></span>sha<span class=\"_ _0\"></span>res <span class=\"_ _f\"></span>inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>und<span class=\"_ _0\"></span>er <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>Ac<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6 <span class=\"_ _f\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>dom<span class=\"_ _0\"></span>icile<span class=\"_ _0\"></span>d </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls92 wsbf\" style=\"bottom:907.1083px;\">in Engl<span class=\"_ _0\"></span>and in the<span class=\"_ _0\"></span> Unite<span class=\"_ _0\"></span>d Kin<span class=\"_ _0\"></span>gd<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>. The Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l Stat<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of the Com<span class=\"_ _0\"></span>pany for th<span class=\"_ _0\"></span>e year end<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 con<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>t </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5d wsb7\" style=\"bottom:892.1083px;\">of<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e au<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> of th<span class=\"_ _0\"></span>e Fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>re<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _2\"></span>d to as th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> Gro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p)<span class=\"_ _0\"></span> tog<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:877.1082px;\">wit<span class=\"_ _0\"></span>h the Group<span class=\"_ _0\"></span>\u2019s interest in joint<span class=\"_ _0\"></span>ly cont<span class=\"_ _0\"></span>rol<span class=\"_ _0\"></span>led and ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:845.6082px;\">Basis <span class=\"_ _3\"></span>of pr<span class=\"_ _3\"></span>epara<span class=\"_ _3\"></span>tion and <span class=\"_ _3\"></span>statement <span class=\"_ _3\"></span>of complia<span class=\"_ _3\"></span>nce<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:830.6082px;\">The <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>prep<span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ual <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial <span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r F<span class=\"_ _0\"></span>RS <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1 <span class=\"ffbe ls60 ws8d\">R<span class=\"_ _0\"></span>educed D<span class=\"_ _0\"></span>isclosur<span class=\"_ _3\"></span>e Framew<span class=\"_ _3\"></span>ork<span class=\"ffbd ls3 ws3\">. They </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:815.6082px;\">are set out on pag<span class=\"_ _0\"></span>es 17<span class=\"_ _0\"></span>3 to 178 wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es from pag<span class=\"_ _0\"></span>e 175<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls64 ws91\" style=\"bottom:793.1082px;\">The Con<span class=\"_ _3\"></span>solida<span class=\"_ _3\"></span>ted Fi<span class=\"_ _3\"></span>nanc<span class=\"_ _3\"></span>ial S<span class=\"_ _3\"></span>tatemen<span class=\"_ _3\"></span>ts hav<span class=\"_ _3\"></span>e been<span class=\"_ _3\"></span> prepa<span class=\"_ _3\"></span>red i<span class=\"_ _3\"></span>n acc<span class=\"_ _3\"></span>ordan<span class=\"_ _3\"></span>ce with<span class=\"_ _3\"></span> UK adop<span class=\"_ _3\"></span>ted In<span class=\"_ _3\"></span>terna<span class=\"_ _3\"></span>tional<span class=\"_ _3\"></span> Accou<span class=\"_ _3\"></span>nting<span class=\"_ _3\"></span> Standa<span class=\"_ _3\"></span>rds<span class=\"_ _3\"></span> (IAS) in </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls86 wsb4\" style=\"bottom:778.1082px;\">co<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s of th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s Ac<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> and<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span> iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> by the<span class=\"_ _0\"></span> IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S Int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e (I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S IC)<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:763.1082px;\">app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to compani<span class=\"_ _0\"></span>es repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing und<span class=\"_ _0\"></span>er UK ado<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>d IFR<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls63 ws90\" style=\"bottom:740.6082px;\">The Conso<span class=\"_ _0\"></span>lidated Financial Sta<span class=\"_ _0\"></span>tement<span class=\"_ _0\"></span>s have <span class=\"_ _3\"></span>be<span class=\"_ _0\"></span>en prepared on a going concern basis as described on page 48<span class=\"_ _0\"></span>. The histo<span class=\"_ _0\"></span>rical cost basis </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls98 wsc5\" style=\"bottom:725.6082px;\">has<span class=\"_ _3\"></span> been<span class=\"_ _3\"></span> used e<span class=\"_ _3\"></span>xc<span class=\"_ _3\"></span>ept<span class=\"_ _3\"></span> wher<span class=\"_ _3\"></span>e IFRS<span class=\"_ _3\"></span> req<span class=\"_ _3\"></span>uir<span class=\"_ _f\"></span>e the r<span class=\"_ _3\"></span>eva<span class=\"_ _3\"></span>lua<span class=\"_ _3\"></span>tion<span class=\"_ _3\"></span> of fin<span class=\"_ _3\"></span>anc<span class=\"_ _3\"></span>ial<span class=\"_ _3\"></span> instru<span class=\"_ _3\"></span>men<span class=\"_ _3\"></span>ts to<span class=\"_ _3\"></span> fair<span class=\"_ _3\"></span> val<span class=\"_ _3\"></span>ue an<span class=\"_ _3\"></span>d certai<span class=\"_ _3\"></span>n oth<span class=\"_ _3\"></span>er a<span class=\"_ _3\"></span>ssets<span class=\"_ _3\"></span> and li<span class=\"_ _3\"></span>abi<span class=\"_ _3\"></span>liti<span class=\"_ _3\"></span>es on </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:710.6082px;\">an alter<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ive ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>, mos<span class=\"_ _0\"></span>t signifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y pos<span class=\"_ _0\"></span>t-retire<span class=\"_ _0\"></span>ment sch<span class=\"_ _0\"></span>eme ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions are valu<span class=\"_ _0\"></span>ed on th<span class=\"_ _0\"></span>e basis requi<span class=\"_ _0\"></span>red by IA<span class=\"_ _0\"></span>S 19 <span class=\"ffbe\">Empl<span class=\"_ _0\"></span>oyee Be<span class=\"_ _0\"></span>nefit<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:688.1082px;\">The C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d Finan<span class=\"_ _0\"></span>cial St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are prese<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d in sterl<span class=\"_ _0\"></span>ing which is th<span class=\"_ _0\"></span>e Comp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s func<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l currenc<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span></div><div class=\"t m32e h1a ffbd fse fc2 sc0 ls75 wsa3\" style=\"bottom:665.6082px;\">The <span class=\"_ _0\"></span>preparation <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Consolidated <span class=\"_ _0\"></span>Financial <span class=\"_ _0\"></span>Statements <span class=\"_ _2\"></span>requir<span class=\"_ _3\"></span>es <span class=\"_ _0\"></span>management <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>make<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>judgements <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>estimates <span class=\"_ _0\"></span>that <span class=\"_ _2\"></span>af<span class=\"_ _0\"></span>fect <span class=\"_ _2\"></span>the <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsa4 wsd2\" style=\"bottom:650.6082px;\">st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> amo<span class=\"_ _0\"></span>unt<span class=\"_ _2\"></span>s of ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> at th<span class=\"_ _0\"></span>e dat<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l St<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>y am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> of reve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:635.6082px;\">exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s durin<span class=\"_ _0\"></span>g the repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. Act<span class=\"_ _0\"></span>ual fu<span class=\"_ _0\"></span>ture outco<span class=\"_ _0\"></span>mes co<span class=\"_ _0\"></span>uld dif<span class=\"_ _2\"></span>fer from tho<span class=\"_ _0\"></span>se es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws3\" style=\"bottom:611.6082px;\">Going concern<span class=\"_ _351\"> </span></div><div class=\"t m662 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"bottom:596.6082px;\">The <span class=\"_ _2\"></span>D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mpreh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve <span class=\"_ _2\"></span>goin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>review. <span class=\"_ _2\"></span>In <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>dop<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>conc<span class=\"_ _0\"></span>ern <span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>asis <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _2\"></span>prep<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>ese <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m663 h1a ffbd fse fc2 sc0 ls7f ws96\" style=\"bottom:581.6082px;\">C<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>F<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>S<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>D<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>fl<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m20c h1a ffbd fse fc2 sc0 lsc1 wsee\" style=\"bottom:566.6082px;\">w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> of<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:551.6082px;\">es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g and <span class=\"_ _3\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing the impac<span class=\"_ _0\"></span>t of <span class=\"_ _f\"></span>ex<span class=\"_ _2\"></span>tern<span class=\"_ _0\"></span>al fact<span class=\"_ _0\"></span>ors on the <span class=\"_ _3\"></span>Gro<span class=\"_ _0\"></span>up, the Direc<span class=\"_ _0\"></span>tors have <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ered tw<span class=\"_ _0\"></span>o forecas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:536.6082px;\">goin<span class=\"_ _0\"></span>g conce<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>, alon<span class=\"_ _0\"></span>g wit<span class=\"_ _0\"></span>h a likeliho<span class=\"_ _0\"></span>od ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ment of th<span class=\"_ _0\"></span>ese fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, bei<span class=\"_ _0\"></span>ng:</div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:514.1082px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m444 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"left:13.294952px; bottom:514.1082px;\">bas<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>\u2019 <span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>fut<span class=\"_ _0\"></span>ure <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>radi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tead<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>goi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>towa<span class=\"_ _0\"></span>rds <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:499.10822px;\">pre<span class=\"_ _0\"></span>-p<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>emic leve<span class=\"_ _0\"></span>ls<span class=\"_ _0\"></span>; and</div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:484.10822px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">st<span class=\"_ _0\"></span>ress<span class=\"_ _0\"></span>ed do<span class=\"_ _0\"></span>wnsi<span class=\"_ _0\"></span>de fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, which envi<span class=\"_ _0\"></span>sag<span class=\"_ _0\"></span>es a \u2018s<span class=\"_ _0\"></span>tres<span class=\"_ _0\"></span>s\u2019 or \u2018downsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>\u2019 situa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls8b ws1e3\" style=\"bottom:454.10822px;\">T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> ha<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:439.10822px;\">have a materi<span class=\"_ _0\"></span>al impac<span class=\"_ _0\"></span>t on the c<span class=\"_ _0\"></span>ash flow fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s over the 1<span class=\"_ _0\"></span>8-<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nth p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od to Augus<span class=\"_ _0\"></span>t 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m208 h1a ffbd fse fc2 sc0 ls92 wsbf\" style=\"bottom:416.60822px;\">Furt<span class=\"_ _0\"></span>her detail<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are <span class=\"_ _3\"></span>given in <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>go<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>rev<span class=\"_ _0\"></span>iew on <span class=\"_ _f\"></span>pag<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>4<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>A<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ter <span class=\"_ _3\"></span>revi<span class=\"_ _0\"></span>ewin<span class=\"_ _0\"></span>g <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>curre<span class=\"_ _0\"></span>nt <span class=\"_ _f\"></span>l<span class=\"_ _0\"></span>iqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>po<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion and <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _3\"></span>flo<span class=\"_ _0\"></span>w <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>orec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:401.60822px;\">mo<span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>resse<span class=\"_ _0\"></span>d d<span class=\"_ _0\"></span>owns<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>has s<span class=\"_ _0\"></span>uf<span class=\"_ _2\"></span>ficie<span class=\"_ _0\"></span>nt li<span class=\"_ _0\"></span>quid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:386.60822px;\">op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tenc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>for <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>at <span class=\"_ _2\"></span>leas<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>8 <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hs <span class=\"_ _0\"></span>fro<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>this <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>refo<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate <span class=\"_ _2\"></span>to </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:371.60822px;\">ado<span class=\"_ _0\"></span>pt the goi<span class=\"_ _0\"></span>ng con<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>n basis of acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing in prepa<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g the Con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al Sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:347.60822px;\">Climate <span class=\"_ _3\"></span>change<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:332.60822px;\">In prepa<span class=\"_ _0\"></span>ring th<span class=\"_ _0\"></span>e Conso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d Financi<span class=\"_ _0\"></span>al Stat<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts th<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>tors have consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d the poten<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l impac<span class=\"_ _0\"></span>t of <span class=\"_ _3\"></span>clim<span class=\"_ _0\"></span>ate chang<span class=\"_ _0\"></span>e, par<span class=\"_ _2\"></span>ticul<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ly in </div><div class=\"t m59a h1a ffbd fse fc2 sc0 ls69 ws96\" style=\"bottom:317.60822px;\">t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>S<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>R<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>B<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span></div><div class=\"t m664 h1a ffbd fse fc2 sc0 ls62 ws9a\" style=\"bottom:302.60822px;\">on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>T<span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rce <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>Cl<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>Fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>iscl<span class=\"_ _0\"></span>osures <span class=\"_ _2\"></span>(<span class=\"_ _0\"></span>TCFD) <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>mmen<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>pot<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ial <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>of <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m161 h1a ffbd fse fc2 sc0 ls69 ws96\" style=\"bottom:287.60822px;\">c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m212 h1a ffbd fse fc2 sc0 ls65 ws92\" style=\"bottom:272.60822px;\">sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios <span class=\"_ _2\"></span>pre<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsive <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icy, <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>tech<span class=\"_ _0\"></span>nol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>ma<span class=\"_ _0\"></span>rket <span class=\"_ _2\"></span>chan<span class=\"_ _0\"></span>ges <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>physi<span class=\"_ _0\"></span>cal <span class=\"_ _2\"></span>ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>uld <span class=\"_ _2\"></span>incl<span class=\"_ _0\"></span>ude <span class=\"_ _2\"></span>di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:257.60822px;\">dama<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>to a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d sup<span class=\"_ _0\"></span>ply <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>in di<span class=\"_ _0\"></span>srup<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Two of th<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d key <span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ansi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s have <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>een <span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>as p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y hav<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>a hi<span class=\"_ _0\"></span>gh </div><div class=\"t m665 h1a ffbd fse fc2 sc0 ls6b ws9a\" style=\"bottom:242.60822px;\">impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up. <span class=\"_ _2\"></span>Th<span class=\"_ _0\"></span>ese <span class=\"_ _2\"></span>rel<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isk <span class=\"_ _2\"></span>that <span class=\"_ _2\"></span>regu<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>chan<span class=\"_ _0\"></span>ges <span class=\"_ _2\"></span>cou<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>dem<span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>our <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:227.60822px;\">addre<span class=\"_ _0\"></span>ssin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>clim<span class=\"_ _0\"></span>ate change will r<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>quire shif<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent focus towards more <span class=\"_ _3\"></span>sust<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nabl<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and <span class=\"_ _3\"></span>sol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. Bot<span class=\"_ _0\"></span>h <span class=\"_ _3\"></span>of thes<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>risk<span class=\"_ _0\"></span>s are </div><div class=\"t m161 h1a ffbd fse fc2 sc0 ls69 ws195\" style=\"bottom:212.60822px;\">b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>fl<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:197.60822px;\">scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>, have be<span class=\"_ _0\"></span>en consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d when pre<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e financi<span class=\"_ _0\"></span>al st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. </div><div class=\"t m666 h1a ffbd fse fc2 sc0 ls6a ws9a\" style=\"bottom:175.10822px;\">The <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>set <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>nisa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>gy <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>lon<span class=\"_ _0\"></span>ger-term <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>resp<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>imate <span class=\"_ _2\"></span>chal<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>is </div><div class=\"t m20d h1a ffbd fse fc2 sc0 ls6a ws97\" style=\"bottom:160.10822px;\">eng<span class=\"_ _0\"></span>agin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>roa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ly <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rnal <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>keho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>advo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ions <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>so<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>achi<span class=\"_ _0\"></span>eve <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>zero <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>t. <span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>he </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:145.10822px;\">Grou<span class=\"_ _0\"></span>p\u2019s main shor<span class=\"_ _0\"></span>t- and longe<span class=\"_ _0\"></span>r<span class=\"_ _f\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m prio<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>:</div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:122.608215px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m5 h1a ffbd fse fc2 sc0 ls80 ws98\" style=\"left:13.294952px; bottom:122.608215px;\">achie<span class=\"_ _0\"></span>ving <span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>zero <span class=\"_ _2\"></span>gree<span class=\"_ _0\"></span>nhou<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>gas <span class=\"_ _2\"></span>(G<span class=\"_ _0\"></span>HG) <span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>missi<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>by <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>all <span class=\"_ _2\"></span>en<span class=\"_ _0\"></span>ergy <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nsum<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>Group<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls9d wsca\" style=\"left:13.294952px; bottom:107.60823px;\">manuf<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xcep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt)<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>his <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>met <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m667 h1a ffbd fse fc2 sc0 ls61 ws8e\" style=\"left:13.294952px; bottom:92.60823px;\">i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>;<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _b\"></span>;<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _b\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 lscf wsf8\" style=\"left:13.294952px; bottom:77.60823px;\">im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s to re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>s ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l en<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of th<span class=\"_ _0\"></span>e inv<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls9d wsca\" style=\"left:13.294952px; bottom:62.60823px;\">sco<span class=\"_ _0\"></span>pe 1 and 2 <span class=\"_ _3\"></span>emis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n improveme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s is include<span class=\"_ _0\"></span>d in the forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t suppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t thes<span class=\"_ _0\"></span>e Cons<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>ed Fina<span class=\"_ _0\"></span>ncial St<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>;</div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:47.60823px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws9a\">th<span class=\"_ _0\"></span>e sc<span class=\"_ _0\"></span>ale <span class=\"_ _0\"></span>up o<span class=\"_ _0\"></span>f sus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aina<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>fue<span class=\"_ _0\"></span>ls <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>ll p<span class=\"_ _0\"></span>lay <span class=\"_ _0\"></span>a cr<span class=\"_ _0\"></span>ucial <span class=\"_ _0\"></span>role <span class=\"_ _0\"></span>in re<span class=\"_ _0\"></span>achin<span class=\"_ _0\"></span>g ne<span class=\"_ _0\"></span>t ze<span class=\"_ _0\"></span>ro ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. To accele<span class=\"_ _0\"></span>rate <span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>re wo<span class=\"_ _0\"></span>rki<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>o </span></div><div class=\"t m167 h1a ffbd fse fc2 sc0 ls6a ws97\" style=\"left:13.294952px; bottom:32.60823px;\">dem<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rcial <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ero <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>ced<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ost <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>pul<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cipro<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>repres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>80<span class=\"_ _0\"></span>% <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:17.60823px;\">pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>fol<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>, are <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>pat<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>ith <span class=\"_ _0\"></span>sus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aina<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>fue<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>s by <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>f 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3 <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>rkin<span class=\"_ _0\"></span>g w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h ou<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>rces <span class=\"_ _0\"></span>cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>ers <span class=\"_ _0\"></span>to a<span class=\"_ _0\"></span>chie<span class=\"_ _0\"></span>ve </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:2.6082306px;\">the sa<span class=\"_ _0\"></span>me goal<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>e Roll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royce en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s they use<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></div>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Climate <span class=\"_ _3\"></span>change (con<span class=\"_ _3\"></span>tinued)<span class=\"_ _351\"> </span>devel<span class=\"_ _0\"></span>opi<span class=\"_ _0\"></span>ng <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>reak<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh <span class=\"_ _f\"></span>new <span class=\"_ _3\"></span>tech<span class=\"_ _0\"></span>nol<span class=\"_ _0\"></span>ogi<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng <span class=\"_ _f\"></span>inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment <span class=\"_ _3\"></span>in <span class=\"_ _f\"></span>hyb<span class=\"_ _0\"></span>rid<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _f\"></span>in <span class=\"_ _f\"></span>P<span class=\"_ _0\"></span>ower <span class=\"_ _f\"></span>Sy<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ore <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cien<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>Ul<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aFan <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ero <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>sust<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>sma<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>odul<span class=\"_ _0\"></span>ar <span class=\"_ _2\"></span>reac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>(S<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>Rs) <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>hyb<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ful<span class=\"_ _0\"></span>ly<span class=\"_ _351\"> </span>ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic propul<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>. New produc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s will <span class=\"_ _3\"></span>be compa<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le with net <span class=\"_ _3\"></span>zero oper<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on by <span class=\"_ _f\"></span>2<span class=\"_ _0\"></span>03<span class=\"_ _0\"></span>0 and <span class=\"_ _3\"></span>all produ<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s will be <span class=\"_ _3\"></span>comp<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ible wit<span class=\"_ _0\"></span>h <span class=\"_ _3\"></span>ne<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>zero<span class=\"_ _0\"></span> o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>I<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>R<span class=\"_ _2\"></span>&amp;<span class=\"_ _2\"></span>D<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _2\"></span>(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _b\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _b\"></span>1<span class=\"_ _0\"></span>:<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _2\"></span>(<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>N<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>S<span class=\"_ _2\"></span>M<span class=\"_ _2\"></span>R<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> to progress through the <span class=\"_ _0\"></span>UK <span class=\"_ _0\"></span>generic design <span class=\"_ _0\"></span>assessment (GDA) process <span class=\"_ _0\"></span>and investment in <span class=\"_ _0\"></span>elect<span class=\"_ _0\"></span>rical propulsion <span class=\"_ _0\"></span>technology.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Futu<span class=\"_ _3\"></span>re <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt require<span class=\"_ _0\"></span>d to deliv<span class=\"_ _0\"></span>er thes<span class=\"_ _0\"></span>e techn<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>es is includ<span class=\"_ _0\"></span>ed in the fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t suppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d Fina<span class=\"_ _0\"></span>ncial St<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e cl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ev<span class=\"_ _2\"></span>io<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> vi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> of ou<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>y, de<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>rb<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h to<span class=\"_ _0\"></span> mana<span class=\"_ _0\"></span>ging <span class=\"_ _2\"></span>cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>ri<span class=\"_ _0\"></span>sk <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>devel<span class=\"_ _0\"></span>op <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>las<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>year <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>se<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ut <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>our <span class=\"_ _2\"></span>Cli<span class=\"_ _0\"></span>mate <span class=\"_ _2\"></span>Rev<span class=\"_ _0\"></span>iew. <span class=\"_ _2\"></span>Th<span class=\"_ _0\"></span>ere <span class=\"_ _2\"></span>remain<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nhere<span class=\"_ _0\"></span>nt<span class=\"_ _351\"> </span>unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _2\"></span>use<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>how <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>flow<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>profi<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>j<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> on<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> ba<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> and the co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts ma<span class=\"_ _0\"></span>de to investo<span class=\"_ _0\"></span>rs and oth<span class=\"_ _0\"></span>er st<span class=\"_ _0\"></span>akeh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> Sta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in rel<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to are<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h as reve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n fo<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> impairment<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>reviews <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>no<span class=\"_ _0\"></span>n-current <span class=\"_ _f\"></span>assets <span class=\"_ _3\"></span>and <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ying <span class=\"_ _f\"></span>amount <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>deferred <span class=\"_ _f\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span>assets <span class=\"_ _3\"></span>consider <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>findings <span class=\"_ _f\"></span>from <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>climate <span class=\"_ _f\"></span>scenarios<span class=\"_ _351\"> </span>prep<span class=\"_ _0\"></span>ared<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Key <span class=\"_ _2\"></span>var<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>les <span class=\"_ _2\"></span>incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Inte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onal <span class=\"_ _2\"></span>En<span class=\"_ _0\"></span>ergy <span class=\"_ _2\"></span>Ag<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>(IE<span class=\"_ _2\"></span>A) <span class=\"_ _2\"></span>N<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>Zero <span class=\"_ _2\"></span>sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span>increase <span class=\"_ _3\"></span>from $4<span class=\"_ _0\"></span>6 per t<span class=\"_ _3\"></span>onne of <span class=\"_ _3\"></span>carb<span class=\"_ _0\"></span>on in <span class=\"_ _3\"></span>202<span class=\"_ _0\"></span>2 to <span class=\"_ _3\"></span>$2<span class=\"_ _0\"></span>50 per tonne i<span class=\"_ _3\"></span>n 205<span class=\"_ _0\"></span>0, and <span class=\"_ _3\"></span>commodit<span class=\"_ _0\"></span>y price, temperature<span class=\"_ _3\"></span> rise and <span class=\"_ _3\"></span>GDP information<span class=\"_ _351\"> </span>from the Ox<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ord Econ<span class=\"_ _0\"></span>omic<span class=\"_ _0\"></span>s Glo<span class=\"_ _0\"></span>bal Clima<span class=\"_ _0\"></span>te Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>e Net Zero scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o aligne<span class=\"_ _0\"></span>d to IPC<span class=\"_ _0\"></span>C SSP<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>-1<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span> As <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>wha<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>increm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ill <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>take<span class=\"_ _0\"></span>n b<span class=\"_ _0\"></span>y g<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>nmen<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>yet <span class=\"_ _0\"></span>ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>icing<span class=\"_ _0\"></span> has <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>uant<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>pot<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ial <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up. <span class=\"_ _2\"></span>T<span class=\"_ _f\"></span>o <span class=\"_ _2\"></span>ensure <span class=\"_ _2\"></span>revenu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>or <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng<span class=\"_ _351\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s is<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span>t ov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> it<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>en<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g fa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>s on<span class=\"_ _0\"></span> ou<span class=\"_ _0\"></span>r ow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>nu<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e of<span class=\"_ _0\"></span> our<span class=\"_ _0\"></span> su<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> chain<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill <span class=\"_ _2\"></span>be <span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>mit<span class=\"_ _0\"></span>igat<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>ele<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>it <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>sco<span class=\"_ _0\"></span>pe <span class=\"_ _2\"></span>1 <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>2 <span class=\"_ _2\"></span>emis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>,manuf<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ated <span class=\"_ _2\"></span>into <span class=\"_ _2\"></span>fore<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>mad<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>onis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rnal <span class=\"_ _2\"></span>supp<span class=\"_ _0\"></span>ly <span class=\"_ _2\"></span>chain <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>thi<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>may <span class=\"_ _2\"></span>have <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>whil<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>know<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>finan<span class=\"_ _0\"></span>cial <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>ling <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _2\"></span>this <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>comp<span class=\"_ _0\"></span>lex <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>heref<span class=\"_ _0\"></span>ore <span class=\"_ _2\"></span>take <span class=\"_ _2\"></span>som<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>fina<span class=\"_ _0\"></span>ncial <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>llin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>tent <span class=\"_ _2\"></span>to<span class=\"_ _351\"> </span>which <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up\u2019s cur<span class=\"_ _0\"></span>rent s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>lier <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of<span class=\"_ _2\"></span>fer p<span class=\"_ _0\"></span>rote<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n fro<span class=\"_ _0\"></span>m cos<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>to m<span class=\"_ _0\"></span>ediu<span class=\"_ _0\"></span>m te<span class=\"_ _0\"></span>rm w<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>cing <span class=\"_ _0\"></span>is fi<span class=\"_ _0\"></span>xed <span class=\"_ _0\"></span>or<span class=\"_ _351\"> </span>subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>cl<span class=\"_ _0\"></span>ause<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>aut<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>woul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>to <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> me<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> te<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ma<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> op<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> me<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>F<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> Ci<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> Ae<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>spa<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>t is <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>aps <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>thin <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>numb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>of i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm s<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>vice <span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>reem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(L<span class=\"_ _3\"></span>TS<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>) c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ould <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>gge<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> meaning <span class=\"_ _32\"></span>additional <span class=\"_ _f\"></span>cost<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>could <span class=\"_ _f\"></span>remain<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>within <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>business <span class=\"_ _f\"></span>under <span class=\"_ _f\"></span>curren<span class=\"_ _3\"></span>t <span class=\"_ _f\"></span>commercial<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>arrangements <span class=\"_ _f\"></span>until <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>end <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>existing <span class=\"_ _f\"></span>contract <span class=\"_ _f\"></span>pe<span class=\"_ _0\"></span>riods.Whe<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>dete<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>amoun<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _2\"></span>cumula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _2\"></span>revenue <span class=\"_ _2\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>ng-<span class=\"_ _0\"></span>term <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>one<span class=\"_ _0\"></span>rous <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>assum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>ab<span class=\"_ _0\"></span>ove <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>use<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>clima<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>had <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span> im<span class=\"_ _3\"></span>pact<span class=\"_ _3\"></span> on re<span class=\"_ _3\"></span>ve<span class=\"_ _3\"></span>nue<span class=\"_ _3\"></span> catc<span class=\"_ _3\"></span>h-up<span class=\"_ _3\"></span>s in<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>the<span class=\"_ _3\"></span> yea<span class=\"_ _3\"></span>r (2021:<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>\u00a3(17)m<span class=\"_ _3\"></span>) or<span class=\"_ _3\"></span> on co<span class=\"_ _3\"></span>ntra<span class=\"_ _3\"></span>ct lo<span class=\"_ _3\"></span>ss pr<span class=\"_ _3\"></span>ov<span class=\"_ _3\"></span>isio<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span> (2021: \u00a3(<span class=\"_ _3\"></span>20)m<span class=\"_ _3\"></span>).<span class=\"_ _3\"></span> Incr<span class=\"_ _3\"></span>eas<span class=\"_ _3\"></span>es i<span class=\"_ _3\"></span>n car<span class=\"_ _3\"></span>bon an<span class=\"_ _3\"></span>d co<span class=\"_ _3\"></span>mmod<span class=\"_ _3\"></span>ity<span class=\"_ _351\"> </span>pri<span class=\"_ _0\"></span>ce es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s over <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>curren<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>are es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>d to <span class=\"_ _0\"></span>be <span class=\"_ _0\"></span>aroun<span class=\"_ _0\"></span>d 1% <span class=\"_ _0\"></span>(20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: <span class=\"_ _0\"></span>1%). <span class=\"_ _0\"></span>A se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>s pre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he key<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> of es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 11<span class=\"_ _0\"></span>6)<span class=\"_ _0\"></span> to dis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> of a <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ur<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> 1% co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span> mig<span class=\"_ _0\"></span>ht ar<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r unm<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> increa<span class=\"_ _0\"></span>ses in ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on and/or commo<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>icing<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Impairment testing of <span class=\"_ _0\"></span>non-<span class=\"_ _0\"></span>current<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>assets <span class=\"_ _0\"></span>including goodwill <span class=\"_ _0\"></span>and programme asset<span class=\"_ _0\"></span>s has <span class=\"_ _0\"></span>considered the <span class=\"_ _0\"></span>above risks <span class=\"_ _0\"></span>as well <span class=\"_ _0\"></span>as assessing<span class=\"_ _351\"> </span>ho<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>\u2019s<span class=\"_ _0\"></span> 1.<span class=\"_ _2\"></span>5<span class=\"_ _351\"> </span>o<span class=\"_ _351\"> </span>C an<span class=\"_ _0\"></span>d 3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span>o<span class=\"_ _351\"> </span>C <span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rios may change the demand for produc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>over the medium and longe<span class=\"_ _0\"></span>r term. Given the headro<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span>the clim<span class=\"_ _0\"></span>ate sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d do not indic<span class=\"_ _0\"></span>ate any poten<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l impai<span class=\"_ _0\"></span>rmen<span class=\"_ _0\"></span>t. Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er info<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is provide<span class=\"_ _0\"></span>d in note 9.<span class=\"_ _351\"> </span>De<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t it <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>that <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>able <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l b<span class=\"_ _0\"></span>e av<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>aga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>unus<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span> los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le te<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y dif<span class=\"_ _2\"></span>feren<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>tili<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d. <span class=\"_ _0\"></span>The <span class=\"_ _0\"></span>weig<span class=\"_ _0\"></span>hted <span class=\"_ _0\"></span>down<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>des <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span> assum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. <span class=\"_ _2\"></span>W<span class=\"_ _0\"></span>hil<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>llus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ates <span class=\"_ _2\"></span>pre<span class=\"_ _0\"></span>ssure <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>dec<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>ne<span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>lier <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span> oppor<span class=\"_ _0\"></span>tunity to<span class=\"_ _3\"></span> receiv<span class=\"_ _3\"></span>e value<span class=\"_ _3\"></span> for mor<span class=\"_ _3\"></span>e ef<span class=\"_ _0\"></span>ficient<span class=\"_ _3\"></span> and s<span class=\"_ _3\"></span>ustainable pr<span class=\"_ _3\"></span>oducts<span class=\"_ _0\"></span>. F<span class=\"_ _f\"></span>ur<span class=\"_ _0\"></span>ther details ar<span class=\"_ _3\"></span>e incl<span class=\"_ _3\"></span>uded in no<span class=\"_ _3\"></span>te 5 t<span class=\"_ _3\"></span>ogether with sen<span class=\"_ _3\"></span>sitivity<span class=\"_ _351\"> </span>anal<span class=\"_ _0\"></span>ysis in the key source<span class=\"_ _0\"></span>s of est<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n uncer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y sec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion be<span class=\"_ _0\"></span>low.<span class=\"_ _351\"> </span>The <span class=\"_ _3\"></span>clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>-re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates <span class=\"_ _3\"></span>and assumpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _3\"></span>have <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>key <span class=\"_ _3\"></span>area<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>or <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>urces <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> for the yea<span class=\"_ _0\"></span>r ende<span class=\"_ _0\"></span>d 31 Dece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 are tho<span class=\"_ _0\"></span>se rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to the recover<span class=\"_ _0\"></span>able am<span class=\"_ _0\"></span>ount of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>curren<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>ludin<span class=\"_ _0\"></span>g goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>, ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ta<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d me<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> re<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>-<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e ite<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s are<span class=\"_ _0\"></span> inc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e key ar<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span> jud<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d key<span class=\"_ _0\"></span> sou<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s of es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> summ<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> on pa<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e 11<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> and expl<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed in det<span class=\"_ _0\"></span>ail th<span class=\"_ _0\"></span>rough<span class=\"_ _0\"></span>out th<span class=\"_ _0\"></span>e signifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt accou<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ng pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Ite<span class=\"_ _0\"></span>ms that may <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by <span class=\"_ _f\"></span>cl<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>sks<span class=\"_ _0\"></span>, but which are <span class=\"_ _f\"></span>n<span class=\"_ _0\"></span>ot consid<span class=\"_ _0\"></span>ered to be <span class=\"_ _3\"></span>key areas of <span class=\"_ _f\"></span>ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s or <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>ourc<span class=\"_ _0\"></span>es of <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _351\"> </span>unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y in the curre<span class=\"_ _0\"></span>nt finan<span class=\"_ _0\"></span>cial year are out<span class=\"_ _0\"></span>line<span class=\"_ _0\"></span>d on pag<span class=\"_ _0\"></span>e 112<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Climate <span class=\"_ _3\"></span>change (con<span class=\"_ _3\"></span>tinued)<span class=\"_ _351\"> </span>Usefu<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ves <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>asse<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>\u2013 <span class=\"_ _0\"></span><span class=\"ffbd\">Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>efu<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ves <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ght-of-us<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></span>mat<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>, for <span class=\"_ _3\"></span>examp<span class=\"_ _0\"></span>le, as <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>resul<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>of physica<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>risk<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, obsole<span class=\"_ _0\"></span>sce<span class=\"_ _0\"></span>nce or <span class=\"_ _3\"></span>leg<span class=\"_ _0\"></span>al restr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. The <span class=\"_ _3\"></span>chan<span class=\"_ _0\"></span>ge in <span class=\"_ _f\"></span>us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>ves would <span class=\"_ _3\"></span>have a <span class=\"_ _f\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span>on the <span class=\"_ _3\"></span>amount of<span class=\"_ _3\"></span> depreciation<span class=\"_ _3\"></span> or amortisation recogn<span class=\"_ _3\"></span>ised each y<span class=\"_ _3\"></span>ear fr<span class=\"_ _3\"></span>om the dat<span class=\"_ _3\"></span>e of r<span class=\"_ _3\"></span>eassessment. The<span class=\"_ _3\"></span> Directors\u2019<span class=\"_ _3\"></span> review o<span class=\"_ _3\"></span>f useful<span class=\"_ _3\"></span> lives<span class=\"_ _351\"> </span>ha<span class=\"_ _0\"></span>s ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n into<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>\u2019s de<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gy<span class=\"_ _0\"></span> and ha<span class=\"_ _0\"></span>s not<span class=\"_ _0\"></span> had a mat<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> impa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> on the<span class=\"_ _0\"></span> resul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> for th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> year. Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ered <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>remain<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omic<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ves <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ible <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>\u00a32<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt <span class=\"_ _f\"></span>sp<span class=\"_ _0\"></span>end <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>Tr<span class=\"_ _3\"></span>ent <span class=\"_ _3\"></span>and <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess <span class=\"_ _3\"></span>avia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mmes <span class=\"_ _3\"></span>discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>in <span class=\"_ _3\"></span>note <span class=\"_ _3\"></span>9. <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>iven <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>mea<span class=\"_ _0\"></span>sures<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g, <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>engin<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>sus<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>inab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>avi<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>uel<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(S<span class=\"_ _0\"></span>AF<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>mercia<span class=\"_ _0\"></span>l <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>aero<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>pul<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cipro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>tly <span class=\"_ _2\"></span>prod<span class=\"_ _0\"></span>uce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>comp<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>able <span class=\"_ _2\"></span>fue<span class=\"_ _0\"></span>ls <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>the<span class=\"_ _0\"></span> end of 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs judg<span class=\"_ _0\"></span>e that no adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment is requ<span class=\"_ _0\"></span>ired to the use<span class=\"_ _0\"></span>ful ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic live<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Inven<span class=\"_ _3\"></span>tory valuation<span class=\"_ _3\"></span> <span class=\"ffbd ls5c ws8a\">\u2013 <span class=\"_ _f\"></span>Cl<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d matt<span class=\"_ _0\"></span>ers may <span class=\"_ _3\"></span>af<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t the <span class=\"_ _3\"></span>val<span class=\"_ _0\"></span>ue of <span class=\"_ _3\"></span>invento<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>as a <span class=\"_ _3\"></span>result of <span class=\"_ _3\"></span>a declin<span class=\"_ _0\"></span>e in <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>elli<span class=\"_ _0\"></span>ng price<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>or could bec<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span> </span>obs<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ete due<span class=\"_ _0\"></span> to a <span class=\"_ _3\"></span>red<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on in dem<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>. Af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>al st<span class=\"_ _0\"></span>ock-tu<span class=\"_ _0\"></span>rns<span class=\"_ _0\"></span> of the invento<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y in rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion to th<span class=\"_ _0\"></span>e rate of chan<span class=\"_ _0\"></span>ge in<span class=\"_ _351\"> </span>the ma<span class=\"_ _0\"></span>rket the Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s consid<span class=\"_ _0\"></span>er tha<span class=\"_ _0\"></span>t inventor<span class=\"_ _2\"></span>y is approp<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>tely val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d.<span class=\"_ _351\"> </span>Recoverabi<span class=\"_ _3\"></span>lity <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>trade <span class=\"_ _0\"></span>receivables <span class=\"_ _0\"></span>and contract <span class=\"_ _0\"></span>assets <span class=\"_ _0\"></span><span class=\"ffbd ls6a ws9a\">\u2013 <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s<span class=\"_ _351\"> </span></span>cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>rs in <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he future, espe<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span>ly those custom<span class=\"_ _0\"></span>ers in <span class=\"_ _3\"></span>the Civil Aerosp<span class=\"_ _0\"></span>ace busines<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>N<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>mate<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ted issues have <span class=\"_ _3\"></span>ari<span class=\"_ _0\"></span>sen during<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _0\"></span>impa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>rece<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s. <span class=\"_ _2\"></span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>credi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>(ECL<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>credi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>inh<span class=\"_ _0\"></span>eren<span class=\"_ _0\"></span>tly <span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>arke<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>imate <span class=\"_ _2\"></span>chan<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>dit <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isk <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nter <span class=\"_ _2\"></span>par<span class=\"_ _2\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> G<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> ti<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>, cl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ke<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y to<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> count<span class=\"_ _0\"></span>er par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cre<span class=\"_ _0\"></span>dit risk in that ti<span class=\"_ _0\"></span>me.<span class=\"_ _351\"> </span>Share-based <span class=\"_ _2\"></span>payments <span class=\"_ _b\"></span><span class=\"ffbd ls23e ws229\">\u2013<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>R<span class=\"_ _f\"></span>e<span class=\"_ _f\"></span>m<span class=\"_ _f\"></span>u<span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>r<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _f\"></span>n<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>p<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _f\"></span>k<span class=\"_ _f\"></span>a<span class=\"_ _f\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>s<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>w<span class=\"_ _f\"></span>i<span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>be<span class=\"_ _32\"></span> <span class=\"_ _2\"></span>i<span class=\"_ _f\"></span>m<span class=\"_ _f\"></span>p<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _f\"></span>t<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>n<span class=\"_ _f\"></span>d<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>a<span class=\"_ _f\"></span>s<span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>e<span class=\"_ _f\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>g<span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>i<span class=\"_ _f\"></span>n<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>w<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>s<span class=\"_ _f\"></span>u<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>i<span class=\"_ _f\"></span>n<span class=\"_ _f\"></span>a<span class=\"_ _f\"></span>b<span class=\"_ _3\"></span>i<span class=\"_ _f\"></span>l<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>y<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>o<span class=\"_ _f\"></span>m<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _f\"></span>h<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>20<span class=\"_ _32\"></span>23<span class=\"_ _32\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></span>finan<span class=\"_ _0\"></span>cial <span class=\"_ _2\"></span>year. T<span class=\"_ _0\"></span>his <span class=\"_ _2\"></span>coul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>amou<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>timin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>-ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>st<span class=\"_ _0\"></span>atement once <span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>se <span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>tric<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are included within <span class=\"_ _3\"></span>the per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rmance conditi<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>crit<span class=\"_ _0\"></span>eria of <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he share-bas<span class=\"_ _0\"></span>ed payment <span class=\"_ _3\"></span>pl<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>This change <span class=\"_ _3\"></span>has had <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> impa<span class=\"_ _0\"></span>ct on <span class=\"_ _3\"></span>the 202<span class=\"_ _0\"></span>2 Cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d Financia<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>St<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s and <span class=\"_ _3\"></span>is unlikely to <span class=\"_ _f\"></span>have a <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>ial impac<span class=\"_ _0\"></span>t on <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he charge <span class=\"_ _3\"></span>rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>in the <span class=\"_ _3\"></span>nex<span class=\"_ _0\"></span>t 12 <span class=\"_ _3\"></span>mon<span class=\"_ _0\"></span>ths<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Defined benefit pension <span class=\"_ _3\"></span>plans <span class=\"ffbd ls92 wsbf\">\u2013 <span class=\"_ _3\"></span>Clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> risks<span class=\"_ _0\"></span> could af<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t the fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al pos<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion of de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fit pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n pla<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. As a result<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>is<span class=\"_ _351\"> </span></span>coul<span class=\"_ _0\"></span>d have implica<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons on the expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted ret<span class=\"_ _0\"></span>urn on pla<span class=\"_ _0\"></span>n asset<span class=\"_ _0\"></span>s and meas<span class=\"_ _0\"></span>ureme<span class=\"_ _0\"></span>nt of define<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies in future years<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e T<span class=\"_ _f\"></span>rus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>Rolls-<span class=\"_ _0\"></span>Royce<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>K <span class=\"_ _0\"></span>Pension <span class=\"_ _0\"></span>F<span class=\"_ _3\"></span>und <span class=\"_ _0\"></span>meet <span class=\"_ _0\"></span>the <span class=\"_ _2\"></span>climate-related regulator<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>requiremen<span class=\"_ _3\"></span>ts<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>When <span class=\"_ _2\"></span>making de<span class=\"_ _0\"></span>cisions about <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>plan, <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>analysi<span class=\"_ _3\"></span>s is carried <span class=\"_ _3\"></span>out in a<span class=\"_ _3\"></span> way c<span class=\"_ _3\"></span>onsistent<span class=\"_ _3\"></span> with T<span class=\"_ _f\"></span>askforce on<span class=\"_ _3\"></span> Climate-Related Fi<span class=\"_ _3\"></span>nancial<span class=\"_ _3\"></span> Disclosur<span class=\"_ _3\"></span>es (TCFD).<span class=\"_ _3\"></span> The T<span class=\"_ _f\"></span>rustee has<span class=\"_ _3\"></span> set a net<span class=\"_ _3\"></span> zero<span class=\"_ _351\"> </span>targ<span class=\"_ _0\"></span>et for <span class=\"_ _3\"></span>the plan asset<span class=\"_ _0\"></span>s by <span class=\"_ _f\"></span>2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Hav<span class=\"_ _0\"></span>ing asses<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>the risks and <span class=\"_ _3\"></span>op<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ies of <span class=\"_ _f\"></span>cl<span class=\"_ _0\"></span>imate change and <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ered the <span class=\"_ _3\"></span>na<span class=\"_ _0\"></span>ture of <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> of the fund<span class=\"_ _0\"></span>, clima<span class=\"_ _0\"></span>te chang<span class=\"_ _0\"></span>e is unlikely to have a materi<span class=\"_ _0\"></span>al impac<span class=\"_ _0\"></span>t on the p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in the Cons<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>ed Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l State<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Pr<span class=\"_ _3\"></span>esentation <span class=\"_ _3\"></span>of underl<span class=\"_ _3\"></span>ying r<span class=\"_ _3\"></span>esults<span class=\"_ _351\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p mea<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s finan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce on an und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g bas<span class=\"_ _0\"></span>is and dis<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es thi<span class=\"_ _0\"></span>s info<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n as an alte<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span> per<span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e mea<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span> (A<span class=\"_ _0\"></span>PM)<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s is co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tent <span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e way t<span class=\"_ _0\"></span>hat fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e is me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d by th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s and re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>oard i<span class=\"_ _0\"></span>n acc<span class=\"_ _0\"></span>ordan<span class=\"_ _0\"></span>ce<span class=\"_ _351\"> </span>wit<span class=\"_ _0\"></span>h <span class=\"_ _3\"></span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _3\"></span>8 <span class=\"_ _f\"></span><span class=\"ffbe ls60 ws8d\">O<span class=\"_ _0\"></span>perating <span class=\"_ _f\"></span>Se<span class=\"_ _0\"></span>gments<span class=\"ffbd ls8b ws1e3\">.<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> </span></span>result<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>sub<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>trad<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y, <span class=\"_ _0\"></span>inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _0\"></span>forei<span class=\"_ _0\"></span>gn <span class=\"_ _0\"></span>exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ward <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ich <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>eco<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>ly <span class=\"_ _2\"></span>hed<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>net <span class=\"_ _2\"></span>forei<span class=\"_ _0\"></span>gn <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrenc<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>cash <span class=\"_ _2\"></span>flo<span class=\"_ _0\"></span>ws <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rede<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>exch<span class=\"_ _0\"></span>ange <span class=\"_ _2\"></span>rat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n, <span class=\"_ _2\"></span>unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>ying <span class=\"_ _2\"></span>resul<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>exclud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>accounting <span class=\"_ _32\"></span>impact <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>business <span class=\"_ _32\"></span>a<span class=\"_ _0\"></span>cquisitions <span class=\"_ _32\"></span>and <span class=\"_ _f\"></span>disposals<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>impairment<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>charges <span class=\"_ _32\"></span>where <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>reasons <span class=\"_ _32\"></span>are <span class=\"_ _f\"></span>outside <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>normal <span class=\"_ _f\"></span>operating <span class=\"_ _f\"></span>acti<span class=\"_ _0\"></span>vities,<span class=\"_ _0\"></span> excep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>tems<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n ot<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>ms whi<span class=\"_ _0\"></span>ch are <span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket dr<span class=\"_ _0\"></span>iven <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>out<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l of <span class=\"_ _0\"></span>mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>det<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ls <span class=\"_ _0\"></span>are gi<span class=\"_ _0\"></span>ven<span class=\"_ _351\"> </span>in note 2. A reco<span class=\"_ _0\"></span>ncili<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of AP<span class=\"_ _0\"></span>Ms to the st<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>uto<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt is provid<span class=\"_ _0\"></span>ed on pag<span class=\"_ _0\"></span>es 20<span class=\"_ _0\"></span>3 to 20<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Re<span class=\"_ _3\"></span>visions to <span class=\"_ _3\"></span>IFRS applicable <span class=\"_ _3\"></span>in 2022<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>opte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ment <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 3<span class=\"_ _0\"></span>7 <span class=\"_ _0\"></span><span class=\"ffbe ls60 ws8d\">Provis<span class=\"_ _3\"></span>ions, <span class=\"_ _0\"></span>Contingent Liabilities and <span class=\"_ _0\"></span>Contingent Asset<span class=\"_ _0\"></span>s<span class=\"ffbd ls166 ws194\"> fo<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>On<span class=\"_ _f\"></span>er<span class=\"_ _f\"></span>ou<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Co<span class=\"_ _f\"></span>nt<span class=\"_ _3\"></span>ra<span class=\"_ _f\"></span>cts<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>\u2013 Co<span class=\"_ _f\"></span>st<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>of<span class=\"_ _f\"></span> </span></span>Fulfilling a <span class=\"_ _3\"></span>Co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>t on 1 <span class=\"_ _3\"></span>Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 202<span class=\"_ _0\"></span>2. The amendm<span class=\"_ _0\"></span>ent clarifies the meaning of \u2018cost<span class=\"_ _0\"></span>s to fulfil a <span class=\"_ _3\"></span>contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>\u2019, explaining that the direct cost<span class=\"_ _351\"> </span>of <span class=\"_ _2\"></span>ful<span class=\"_ _0\"></span>filli<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>creme<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>ulfil<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>(for <span class=\"_ _2\"></span>exam<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>direc<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>la<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ur <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>mat<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s) <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>als<span class=\"_ _0\"></span>o <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>an <span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>lfil<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>now <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>des <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span> allo<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ated <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>minin<span class=\"_ _0\"></span>g w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>a c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>erous <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>a<span class=\"_ _351\"> </span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> The<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> all<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e to (a) fixe<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> over<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s in our<span class=\"_ _0\"></span> op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l are<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span> are inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> irresp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>ma<span class=\"_ _0\"></span>nufa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>b) <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>xed <span class=\"_ _2\"></span>over<span class=\"_ _0\"></span>hea<span class=\"_ _0\"></span>ds <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>provi<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>eng<span class=\"_ _0\"></span>ine <span class=\"_ _2\"></span>hea<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>onit<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>I<span class=\"_ _0\"></span>T <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>(c) <span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>spare <span class=\"_ _2\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>owns <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>sup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ur <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ual <span class=\"_ _2\"></span>com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>rs<span class=\"_ _351\"> </span>unde<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>LTSA<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dmen<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onal <span class=\"_ _2\"></span>all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at<span class=\"_ _351\"> </span>increa<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>tot<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>ss <span class=\"_ _2\"></span>provi<span class=\"_ _0\"></span>sion <span class=\"_ _2\"></span>by <span class=\"_ _2\"></span>\u00a3<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3m<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>1 <span class=\"_ _2\"></span>J<span class=\"_ _0\"></span>anua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>(s<span class=\"_ _0\"></span>ee <span class=\"_ _2\"></span>not<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1)<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>ll <span class=\"_ _2\"></span>mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>Ci<span class=\"_ _0\"></span>vil <span class=\"_ _2\"></span>Ae<span class=\"_ _0\"></span>rospa<span class=\"_ _0\"></span>ce<span class=\"_ _351\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> \u00a36<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>cu<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> be<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ncrea<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>UK <span class=\"_ _2\"></span>(see <span class=\"_ _2\"></span>note <span class=\"_ _2\"></span>5 <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ils). <span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>req<span class=\"_ _0\"></span>uired <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>the<span class=\"_ _351\"> </span>a<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> ad<span class=\"_ _2\"></span>j<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>J<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> 20<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _b\"></span>S <span class=\"_ _3\"></span>3<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> has had a favour<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e immate<span class=\"_ _0\"></span>rial imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t on the 20<span class=\"_ _0\"></span>22 in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. F<span class=\"_ _3\"></span>ur<span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>r inform<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ca<span class=\"_ _0\"></span>n be found in note 2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>no <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ew <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ards <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>terp<span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions <span class=\"_ _2\"></span>iss<span class=\"_ _0\"></span>ued <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>IA<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>B <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>had <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant <span class=\"_ _2\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>Statements.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Ke<span class=\"_ _3\"></span>y ar<span class=\"_ _f\"></span>eas of judgemen<span class=\"_ _3\"></span>t and <span class=\"_ _3\"></span>sources <span class=\"_ _3\"></span>of estima<span class=\"_ _3\"></span>tion uncertainty<span class=\"_ _351\"> </span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _b\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>j<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _b\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> and <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tual <span class=\"_ _2\"></span>outco<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ay <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fer <span class=\"_ _2\"></span>from <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>key <span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>key <span class=\"_ _2\"></span>source<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span> she<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>date<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>tha<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt <span class=\"_ _2\"></span>risk <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>ial <span class=\"_ _2\"></span>ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nts <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>nex<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial <span class=\"_ _2\"></span>year, are <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>umma<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>bel<span class=\"_ _0\"></span>ow. <span class=\"_ _0\"></span>Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>det<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>her <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>for <span class=\"_ _2\"></span>key <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ource<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re<span class=\"_ _351\"> </span>app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riate an<span class=\"_ _0\"></span>d prac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, are includ<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e signifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt accoun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pol<span class=\"_ _0\"></span>icies se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of this note<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Area<span class=\"_ _13c\"> </span><span class=\"lsd9 ws104\">Key ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _1ff\"> </span>Key so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es of es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on unc<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y<span class=\"_ _45\"> </span><span class=\"ls23f ws2b1\">Page ref<span class=\"_ _351\"> </span></span></span>Revenue<span class=\"_ _351\"> </span>r<span class=\"_ _3\"></span>ecognition and<span class=\"_ _351\"> </span>contract <span class=\"_ _3\"></span>assets<span class=\"_ _0\"></span> and liabilities<span class=\"_ _351\"> </span>Whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>erosp<span class=\"_ _0\"></span>ace <span class=\"_ _2\"></span>OE <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>af<span class=\"_ _2\"></span>term<span class=\"_ _0\"></span>arke<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s shou<span class=\"_ _0\"></span>ld be comb<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d.<span class=\"_ _351\"> </span>How <span class=\"_ _b\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rman<span class=\"_ _0\"></span>ce <span class=\"_ _b\"></span>on <span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm <span class=\"_ _b\"></span>af<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s shou<span class=\"_ _0\"></span>ld be mea<span class=\"_ _0\"></span>sured<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>W<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls6b ws98\">Whether <span class=\"_ _f\"></span>sales <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>spare <span class=\"_ _f\"></span>engines <span class=\"_ _32\"></span>to <span class=\"_ _f\"></span>joint <span class=\"_ _f\"></span>ventur<span class=\"_ _3\"></span>es<span class=\"_ _351\"> </span></span>are at fair valu<span class=\"_ _0\"></span>e.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls6b ws98\">When <span class=\"_ _3\"></span>revenue<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>should <span class=\"_ _3\"></span>be <span class=\"_ _3\"></span>recognised <span class=\"_ _f\"></span>in <span class=\"_ _3\"></span>relation<span class=\"_ _351\"> </span></span>to spare engi<span class=\"_ _0\"></span>ne sale<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>E<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _b\"></span>-<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _b\"></span> contractual <span class=\"_ _f\"></span>arrangement<span class=\"_ _0\"></span>s, <span class=\"_ _3\"></span>including <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>impac<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span>of climat<span class=\"_ _3\"></span>e change.<span class=\"_ _351\"> </span>115<span class=\"_ _351\"> </span>Risk and <span class=\"_ _3\"></span>reven<span class=\"_ _3\"></span>ue<span class=\"_ _351\"> </span>sharing<span class=\"_ _351\"> </span>arrangements<span class=\"_ _351\"> </span>De<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>ion <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _32\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>na<span class=\"_ _0\"></span>ture <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>en<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>fe<span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>116<span class=\"_ _351\"> </span>T<span class=\"_ _3\"></span>axation<span class=\"_ _200\"> </span><span class=\"ffbf ls3 ws3\"> </span>E<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>b<span class=\"_ _b\"></span><span class=\"ffbf ls3 ws3\">-<span class=\"_ _351\"> </span></span>able <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cien<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>sui<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>ll<span class=\"_ _351\"> </span>aris<span class=\"_ _0\"></span>e in t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>K to u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>ise <span class=\"_ _0\"></span>the d<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>ax a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>recog<span class=\"_ _3\"></span>nised.<span class=\"_ _351\"> </span>118<span class=\"_ _351\"> </span>Discontinued<span class=\"_ _351\"> </span>operations <span class=\"_ _3\"></span>and<span class=\"_ _351\"> </span>business <span class=\"_ _3\"></span>disposals<span class=\"_ _351\"> </span>The <span class=\"_ _f\"></span>assets<span class=\"_ _0\"></span>, <span class=\"_ _32\"></span>liabilit<span class=\"_ _0\"></span>ies <span class=\"_ _32\"></span>and <span class=\"_ _f\"></span>associated <span class=\"_ _f\"></span>consolidation<span class=\"_ _0\"></span> adjustments <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>the <span class=\"_ _32\"></span>I<span class=\"_ _0\"></span>TP <span class=\"_ _f\"></span>Aero <span class=\"_ _32\"></span>business <span class=\"_ _f\"></span>recognised<span class=\"_ _351\"> </span>on disp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>118<span class=\"_ _351\"> </span>Resear<span class=\"_ _3\"></span>ch and<span class=\"_ _351\"> </span>development<span class=\"_ _351\"> </span>Det<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oint <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ime <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> mee<span class=\"_ _0\"></span>t the cri<span class=\"_ _0\"></span>teri<span class=\"_ _0\"></span>a for cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>De<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>basi<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>for <span class=\"_ _2\"></span>amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ising <span class=\"_ _2\"></span>cap<span class=\"_ _0\"></span>i<span class=\"ffbf ls3 ws3\">-<span class=\"_ _351\"> </span></span>tal<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ment cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>120<span class=\"_ _351\"> </span>Impairment of<span class=\"_ _351\"> </span>non-curr<span class=\"_ _3\"></span>ent<span class=\"_ _351\"> </span>assets<span class=\"_ _351\"> </span>Determination <span class=\"_ _32\"></span>of <span class=\"_ _32\"></span>cash-generating <span class=\"_ _f\"></span>units <span class=\"_ _32\"></span>for <span class=\"_ _32\"></span>assess<span class=\"ffbf ls3 ws3\">-<span class=\"_ _351\"> </span></span>ing impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent of goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> 122<span class=\"_ _351\"> </span>Leases<span class=\"_ _163\"> </span><span class=\"ffbf ls3 ws3\"> <span class=\"_ _37\"></span>\u2014 <span class=\"ffbd ls5c ws8a\">D<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ermi<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e lease te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>.<span class=\"_ _2d\"> </span></span> </span>Es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of <span class=\"_ _b\"></span>the <span class=\"_ _b\"></span>paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _b\"></span>require<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>to <span class=\"_ _b\"></span>me<span class=\"_ _0\"></span>et<span class=\"_ _351\"> </span>residu<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _2\"></span>guara<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>at <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>end <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>leases.<span class=\"_ _351\"> </span>122<span class=\"_ _351\"> </span>Pr<span class=\"_ _3\"></span>ovisions<span class=\"_ _dc\"> </span><span class=\"ffbf ls3 ws3\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">Whether <span class=\"_ _3\"></span>any <span class=\"_ _f\"></span>costs should <span class=\"_ _32\"></span>be <span class=\"_ _3\"></span>treated <span class=\"_ _f\"></span>as <span class=\"_ _3\"></span>wastage.<span class=\"_ _149\"> </span><span class=\"ffbf ls3 ws3\"> </span></span></span>Es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ime <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>echn<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>Tr<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>1<span class=\"_ _b\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _b\"></span><span class=\"ffbf ls3 ws3\">-<span class=\"_ _351\"> </span></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>H<span class=\"_ _b\"></span>P<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>)<span class=\"_ _b\"></span> b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> to <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _2\"></span>tle <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>T<span class=\"_ _3\"></span>rent <span class=\"_ _2\"></span>10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> lon<span class=\"_ _0\"></span>g-te<span class=\"_ _0\"></span>rm con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed as on<span class=\"_ _0\"></span>erous<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mates <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>reve<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _351\"> </span>fulfi<span class=\"_ _0\"></span>l onero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>As<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _2\"></span>impli<span class=\"_ _0\"></span>cit <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>hin <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>cal<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>of <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>discount rates<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>123<span class=\"_ _351\"> </span>Post-r<span class=\"_ _3\"></span>etirement<span class=\"_ _351\"> </span>benefits<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls173 ws1a2\">E<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>im<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> </span>defined benefit obligation.<span class=\"_ _351\"> </span>124<span class=\"_ _351\"> </span>Significant <span class=\"_ _3\"></span>accounting <span class=\"_ _3\"></span>policies<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up\u2019s <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>se<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ow. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icies <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>app<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>all <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ods<span class=\"_ _0\"></span> pres<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d in these C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d Fina<span class=\"_ _0\"></span>ncial St<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Basis <span class=\"_ _3\"></span>of consolida<span class=\"_ _3\"></span>tion<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>Consolidated <span class=\"_ _2\"></span>Financial<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Statements <span class=\"_ _0\"></span>include <span class=\"_ _0\"></span><span class=\"ls5c ws8a\">t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any</span> <span class=\"_ _2\"></span>Financial <span class=\"_ _0\"></span>Statements <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>its <span class=\"_ _2\"></span>subsidiary <span class=\"_ _0\"></span>under<span class=\"_ _0\"></span>takings <span class=\"_ _0\"></span>toge<span class=\"_ _0\"></span>ther <span class=\"_ _0\"></span>with <span class=\"_ _2\"></span>the<span class=\"_ _351\"> </span>Grou<span class=\"_ _0\"></span>p\u2019s share of the results in joint arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>s made up to 31 <span class=\"_ _3\"></span>De<span class=\"_ _0\"></span>cemb<span class=\"_ _0\"></span>er.<span class=\"_ _351\"> </span>A <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>trol<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span><span class=\"ls62 ws8f\">the <span class=\"_ _0\"></span>Company<span class=\"_ _3\"></span><span class=\"ls5c ws8a\">. <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>trol <span class=\"_ _2\"></span>exi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>whe<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span><span class=\"ls62 ws8f\">the <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ompan<span class=\"_ _3\"></span>y<span class=\"ls1dc ws20a\"> <span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>po<span class=\"_ _f\"></span>w<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>o<span class=\"_ _f\"></span>v<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>ty<span class=\"_ _32\"></span>,<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>x<span class=\"_ _3\"></span>p<span class=\"_ _f\"></span>os<span class=\"_ _32\"></span>u<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _f\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>bl<span class=\"_ _32\"></span>e<span class=\"_ _351\"> </span></span></span></span></span>retu<span class=\"_ _0\"></span>rns <span class=\"_ _2\"></span>fro<span class=\"_ _0\"></span>m <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>involve<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>us<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>pow<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>so <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _2\"></span>af<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span><span class=\"ls60 ws8d\">th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span><span class=\"lsca ws18e\">\u2019s <span class=\"_ _0\"></span>returns. <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></span></span>Subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s are consol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted in acco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 10 <span class=\"ffbe ls60 ws8d\">Consolidated Finan<span class=\"_ _3\"></span>cial Stat<span class=\"_ _3\"></span>ements<span class=\"ffbd ls3 ws3\">.<span class=\"_ _351\"> </span></span></span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Basis <span class=\"_ _3\"></span>of consolida<span class=\"_ _3\"></span>tion (con<span class=\"_ _3\"></span>tinued)<span class=\"_ _351\"> </span>A <span class=\"_ _0\"></span>joint <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>which <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lds <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>or<span class=\"_ _0\"></span> more <span class=\"_ _3\"></span>ot<span class=\"_ _0\"></span>her <span class=\"_ _3\"></span>inves<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>un<span class=\"_ _0\"></span>der a <span class=\"_ _f\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>arr<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. Joint <span class=\"_ _3\"></span>arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts may <span class=\"_ _f\"></span>be <span class=\"_ _3\"></span>eit<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>j<span class=\"_ _0\"></span>oint <span class=\"_ _3\"></span>vent<span class=\"_ _0\"></span>ures <span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>joi<span class=\"_ _0\"></span>nt <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>J<span class=\"_ _0\"></span>oint ventures<span class=\"_ _351\"> </span>are accou<span class=\"_ _0\"></span>nted for usi<span class=\"_ _0\"></span>ng the eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d of accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g and joint op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons are acco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d for using pro<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>te acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>An<span class=\"_ _0\"></span> ass<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> is an ent<span class=\"_ _0\"></span>it<span class=\"_ _2\"></span>y th<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span> is nei<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a sub<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>y no<span class=\"_ _0\"></span>r a joi<span class=\"_ _0\"></span>nt ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>, in whi<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> Gro<span class=\"_ _0\"></span>up ho<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p has a <span class=\"_ _3\"></span>sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ant infl<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce. Th<span class=\"_ _0\"></span>e result<span class=\"_ _0\"></span>s of associ<span class=\"_ _0\"></span>ates are accou<span class=\"_ _0\"></span>nted for usin<span class=\"_ _0\"></span>g the equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y meth<span class=\"_ _0\"></span>od of acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>A<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>j<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> el<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> or lo<span class=\"_ _0\"></span>ss ar<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g on tra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s wit<span class=\"_ _0\"></span>h joi<span class=\"_ _0\"></span>nt ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt of the<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p\u2019s int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in the ent<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. T<span class=\"_ _f\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s wit<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>rol<span class=\"_ _0\"></span>ling inte<span class=\"_ _0\"></span>rest<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d direc<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y in equit<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span>A<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>a<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>j<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>y<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> of cont<span class=\"_ _0\"></span>rol<span class=\"_ _0\"></span>. De<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ils of tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in the year are set out in note 2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>.<span class=\"_ _351\"> </span>Re<span class=\"_ _3\"></span>venue <span class=\"_ _3\"></span>recognition <span class=\"_ _3\"></span>and contr<span class=\"_ _f\"></span>ac<span class=\"_ _0\"></span>t as<span class=\"_ _f\"></span>sets and liabilities<span class=\"_ _351\"> </span>Revenu<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>sa<span class=\"_ _0\"></span>les <span class=\"_ _f\"></span>to <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _f\"></span>cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ter <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>ayabl<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>to <span class=\"_ _f\"></span>cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>Reve<span class=\"_ _0\"></span>nue <span class=\"_ _f\"></span>excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>valu<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>add<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>xes<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rice <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>hin <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>alt<span class=\"_ _0\"></span>hou<span class=\"_ _0\"></span>gh <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bso<span class=\"_ _0\"></span>lute <span class=\"_ _2\"></span>amo<span class=\"_ _0\"></span>unt <span class=\"_ _0\"></span>may <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t on es<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> indi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rm co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> tha<span class=\"_ _0\"></span>t req<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e key es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s hi<span class=\"_ _0\"></span>ghl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ght<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>w to be ma<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span> Ref<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> whe<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ade <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ght <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>retu<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hey <span class=\"_ _2\"></span>do <span class=\"_ _0\"></span>exi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span>rec<span class=\"_ _3\"></span>eiv<span class=\"_ _3\"></span>ed, a<span class=\"_ _3\"></span> portion<span class=\"_ _3\"></span> based<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>on<span class=\"_ _3\"></span> an as<span class=\"_ _3\"></span>sess<span class=\"_ _3\"></span>men<span class=\"_ _3\"></span>t of<span class=\"_ _f\"></span> the e<span class=\"_ _3\"></span>xpected<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>fund<span class=\"_ _f\"></span> liabi<span class=\"_ _3\"></span>lity<span class=\"_ _3\"></span> is r<span class=\"_ _3\"></span>ecog<span class=\"_ _3\"></span>nis<span class=\"_ _3\"></span>ed wit<span class=\"_ _3\"></span>hin<span class=\"_ _f\"></span> other<span class=\"_ _3\"></span> paya<span class=\"_ _3\"></span>ble<span class=\"_ _3\"></span>s. The<span class=\"_ _3\"></span> Gro<span class=\"_ _3\"></span>up h<span class=\"_ _3\"></span>as e<span class=\"_ _3\"></span>lecte<span class=\"_ _3\"></span>d<span class=\"_ _351\"> </span>to <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cal <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>adjus<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>reve<span class=\"_ _0\"></span>nue <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>finan<span class=\"_ _0\"></span>cing <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ere <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>that <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>bet<span class=\"_ _0\"></span>ween the tran<span class=\"_ _3\"></span>sfer of goods and <span class=\"_ _3\"></span>ser<span class=\"_ _0\"></span>vices to c<span class=\"_ _3\"></span>ustomers and the<span class=\"_ _3\"></span> receipt of<span class=\"_ _3\"></span> payment is<span class=\"_ _3\"></span> less than <span class=\"_ _3\"></span>a year<span class=\"_ _f\"></span>. Consideration is<span class=\"_ _3\"></span> received in<span class=\"_ _3\"></span> the<span class=\"_ _351\"> </span>for<span class=\"_ _0\"></span>m of <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ts and payme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s for <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of <span class=\"_ _3\"></span>mile<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>nes or per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. L<span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>SA cash receip<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>ypic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y receive<span class=\"_ _0\"></span>d base<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>on EFHs<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Sal<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dard OE, spare <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>ime and <span class=\"_ _f\"></span>ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial <span class=\"_ _3\"></span>over<span class=\"_ _0\"></span>haul ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces are <span class=\"_ _f\"></span>gen<span class=\"_ _0\"></span>eral<span class=\"_ _0\"></span>ly r<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of <span class=\"_ _f\"></span>con<span class=\"_ _0\"></span>trol to <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>.<span class=\"_ _351\"> </span>This <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>ge<span class=\"_ _0\"></span>nera<span class=\"_ _0\"></span>lly <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>to <span class=\"_ _3\"></span>the <span class=\"_ _f\"></span>cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>mer, <span class=\"_ _32\"></span>unl<span class=\"_ _0\"></span>ess <span class=\"_ _3\"></span>the <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c <span class=\"_ _f\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tual <span class=\"_ _3\"></span>term<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>indi<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt <span class=\"_ _f\"></span>po<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n th<span class=\"_ _2\"></span>e am<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d on<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> po<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> howeve<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>, this is not t<span class=\"_ _0\"></span>ypi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>ly require<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Sal<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>OE <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vic<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>for <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>(m<span class=\"_ _0\"></span>ost <span class=\"_ _2\"></span>signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tly <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>nce <span class=\"_ _2\"></span>busin<span class=\"_ _0\"></span>ess) <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by<span class=\"_ _0\"></span> refere<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rogre<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>tow<span class=\"_ _0\"></span>ards <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ompl<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rman<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>des<span class=\"_ _0\"></span>crib<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>key <span class=\"_ _0\"></span>jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> provi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d the outco<span class=\"_ _0\"></span>me of cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s can b<span class=\"_ _0\"></span>e asses<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d with rea<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span>The <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _3\"></span>gen<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt <span class=\"_ _f\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion <span class=\"_ _3\"></span>of <span class=\"_ _f\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>reve<span class=\"_ _0\"></span>nue <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>rket <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng <span class=\"_ _f\"></span>fro<span class=\"_ _0\"></span>m <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>ins<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>OE <span class=\"_ _3\"></span>fle<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>A<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ence<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span>in p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icul<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>in t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Aeros<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>e l<span class=\"_ _0\"></span>arge <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine <span class=\"_ _0\"></span>bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ten <span class=\"_ _0\"></span>agre<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ces <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>OE <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake int<span class=\"_ _0\"></span>o<span class=\"_ _351\"> </span>acco<span class=\"_ _0\"></span>unt <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>rket <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>So<span class=\"_ _0\"></span>met<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>may <span class=\"_ _2\"></span>result <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>OE<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>des<span class=\"_ _0\"></span>crib<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>key<span class=\"_ _0\"></span> j<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>O<span class=\"_ _b\"></span>E<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>O<span class=\"_ _2\"></span>E<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> and the co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in the af<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t to af<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket per<span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>manc<span class=\"_ _0\"></span>e obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Key areas of the acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y are:<span class=\"_ _351\"> </span>Future <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>revenu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>ke <span class=\"_ _0\"></span>acc<span class=\"_ _0\"></span>ount <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>risk <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-re<span class=\"_ _0\"></span>cover<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>resul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>.g<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>FHs<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>his<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>risk <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>rcraf<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>bei<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ked <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span> customer<span class=\"_ _f\"></span>.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd lsa4 wsd2\">A sig<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt of rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span> and co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g is de<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in curr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span> tha<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span></span>relevant Group unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tak<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, most signifi<span class=\"_ _0\"></span>cant<span class=\"_ _0\"></span>ly USD tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons in sterlin<span class=\"_ _0\"></span>g and euro <span class=\"_ _3\"></span>den<span class=\"_ _0\"></span>ominate<span class=\"_ _0\"></span>d under<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>. These are transla<span class=\"_ _0\"></span>ted<span class=\"_ _351\"> </span>at est<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ed lon<span class=\"_ _0\"></span>g-t<span class=\"_ _0\"></span>erm exchan<span class=\"_ _0\"></span>ge rate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls73 wsa1\">The assessment of stag<span class=\"_ _0\"></span>e of completion is generally measured for each<span class=\"_ _3\"></span> contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. However<span class=\"_ _f\"></span>, in cert<span class=\"_ _0\"></span>ain cases<span class=\"_ _0\"></span>, such as <span class=\"_ _3\"></span>for Corp<span class=\"_ _0\"></span>orateC<span class=\"_ _0\"></span>are<span class=\"_ _351\"> </span></span>a<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> nu<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> a <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>foli<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>her, as <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ef<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>St<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>woul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>not <span class=\"_ _2\"></span>dif<span class=\"_ _2\"></span>fer <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>the <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>anda<span class=\"_ _0\"></span>rd <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ind<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>dual <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>foli<span class=\"_ _0\"></span>o. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>hen <span class=\"_ _2\"></span>acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>SA<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and<span class=\"_ _351\"> </span>assum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ions th<span class=\"_ _0\"></span>at refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t the size and comp<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>o.<span class=\"_ _351\"> </span>A <span class=\"_ _f\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>/li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>pay<span class=\"_ _0\"></span>ment <span class=\"_ _3\"></span>is <span class=\"_ _f\"></span>rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>in <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>rrea<span class=\"_ _0\"></span>rs/advan<span class=\"_ _0\"></span>ce <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>revenue <span class=\"_ _3\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>in <span class=\"_ _f\"></span>me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ing <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce<span class=\"_ _351\"> </span>obligations.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">Wh<span class=\"_ _0\"></span>ere mate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>, wa<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e cost<span class=\"_ _0\"></span>s (se<span class=\"_ _0\"></span>e key judgem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s on pag<span class=\"_ _0\"></span>e 115) are reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d as an excepti<span class=\"_ _0\"></span>onal no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g expen<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>If the exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>ts to ful<span class=\"_ _0\"></span>fil a contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t excee<span class=\"_ _0\"></span>d the expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted revenu<span class=\"_ _0\"></span>e, a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s provisi<span class=\"_ _0\"></span>on is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed for th<span class=\"_ _0\"></span>e excess cos<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>pays <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ees <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ram<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>manu<span class=\"_ _0\"></span>fac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urers<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>usto<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>for <span class=\"_ _2\"></span>OE<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain <span class=\"_ _2\"></span>prog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aid <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>init<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y<span class=\"_ _351\"> </span>t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d as<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> as a re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n to<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span> rev<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> wh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _2\"></span>d to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> cus<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r.<span class=\"_ _351\"> </span>The Group has elected to use the <span class=\"_ _3\"></span>prac<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al expedient to expense as incurred <span class=\"_ _3\"></span>any incremental costs of obtaining or fulfilling a contract if<span class=\"_ _351\"> </span>the <span class=\"_ _2\"></span>amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>creat<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>woul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _2\"></span>year <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>obt<span class=\"_ _0\"></span>ain <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e shee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, they are amor<span class=\"_ _2\"></span>tis<span class=\"_ _0\"></span>ed over th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ance of th<span class=\"_ _0\"></span>e relate<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t (t<span class=\"_ _0\"></span>wo to 13 years).<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Whether Civil Aer<span class=\"_ _3\"></span>ospace OE and <span class=\"_ _3\"></span>aftermarket contr<span class=\"_ _3\"></span>acts should be combi<span class=\"_ _3\"></span>ned<span class=\"_ _351\"> </span>In <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Ci<span class=\"_ _0\"></span>vil <span class=\"_ _2\"></span>Aeros<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>OE <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>sal<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>led <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>ne<span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>rcraf<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>fram<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>whil<span class=\"_ _0\"></span>e <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>th<span class=\"_ _f\"></span>e co<span class=\"_ _3\"></span>nt<span class=\"_ _f\"></span>rac<span class=\"_ _3\"></span>ts<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span> pr<span class=\"_ _3\"></span>ov<span class=\"_ _f\"></span>ide<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>sp<span class=\"_ _f\"></span>ar<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>en<span class=\"_ _f\"></span>gi<span class=\"_ _3\"></span>ne<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>an<span class=\"_ _f\"></span>d aft<span class=\"_ _f\"></span>erm<span class=\"_ _f\"></span>ark<span class=\"_ _f\"></span>et<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>goo<span class=\"_ _3\"></span>ds<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>an<span class=\"_ _f\"></span>d se<span class=\"_ _3\"></span>rvi<span class=\"_ _3\"></span>ce<span class=\"_ _f\"></span>s ar<span class=\"_ _f\"></span>e wi<span class=\"_ _3\"></span>th<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>th<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ai<span class=\"_ _f\"></span>rc<span class=\"_ _f\"></span>ra<span class=\"_ _3\"></span>ft op<span class=\"_ _3\"></span>er<span class=\"_ _f\"></span>at<span class=\"_ _3\"></span>or<span class=\"_ _f\"></span>s, al<span class=\"_ _3\"></span>th<span class=\"_ _f\"></span>oug<span class=\"_ _f\"></span>h th<span class=\"_ _3\"></span>er<span class=\"_ _f\"></span>e ma<span class=\"_ _f\"></span>y be<span class=\"_ _3\"></span> interdependencies<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>etween <span class=\"_ _3\"></span>them. <span class=\"_ _f\"></span>I<span class=\"_ _0\"></span>FRS <span class=\"_ _f\"></span>15 <span class=\"_ _3\"></span><span class=\"ffbe ls65 ws92\">Revenue <span class=\"_ _32\"></span>from <span class=\"_ _f\"></span>Contracts <span class=\"_ _3\"></span>with <span class=\"_ _f\"></span>Customers<span class=\"ffbd lsac wsd9\"> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> </span></span>in <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>unre<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>sho<span class=\"_ _0\"></span>uld <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>comb<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Not<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hst<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nterd<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>enci<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>consider that <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>engine <span class=\"_ _0\"></span>contract <span class=\"_ _0\"></span>should <span class=\"_ _0\"></span>be <span class=\"_ _0\"></span>considered sep<span class=\"_ _0\"></span>arately from <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>aftermarket <span class=\"_ _0\"></span>contract<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>In <span class=\"_ _0\"></span>making this <span class=\"_ _0\"></span>judgement, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hey<span class=\"_ _351\"> </span>als<span class=\"_ _0\"></span>o too<span class=\"_ _0\"></span>k account of indu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y pra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>e.<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>How performance on <span class=\"_ _3\"></span>long-term aftermarket <span class=\"_ _3\"></span>contracts <span class=\"_ _3\"></span>should be measured<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ates <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>f i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>venue <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>rket <span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>The<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>rket <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>uch <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span> T<span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>are and <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>orp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>Ca<span class=\"_ _0\"></span>re agreeme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he Civi<span class=\"_ _0\"></span>l Aerospac<span class=\"_ _0\"></span>e busines<span class=\"_ _0\"></span>s, cover a <span class=\"_ _3\"></span>ran<span class=\"_ _0\"></span>ge of <span class=\"_ _3\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces and gener<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y have <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual<span class=\"_ _0\"></span> term<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ore <span class=\"_ _2\"></span>than <span class=\"_ _2\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rima<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>obli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>maint<span class=\"_ _0\"></span>ain <span class=\"_ _2\"></span>cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>\u2019 <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>an <span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>his <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>achi<span class=\"_ _0\"></span>eved <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>tak<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>us <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>uch <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ntena<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>repai<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>haul<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>engi<span class=\"_ _0\"></span>ne<span class=\"_ _351\"> </span>moni<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>ng over the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of the cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Revenue on the<span class=\"_ _0\"></span>se cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is recogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d over the per<span class=\"_ _0\"></span>iod of th<span class=\"_ _0\"></span>e contra<span class=\"_ _0\"></span>ct an<span class=\"_ _0\"></span>d the basis<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> ju<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> by<span class=\"_ _0\"></span> usi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ac<span class=\"_ _2\"></span>tu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> inc<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to<span class=\"_ _0\"></span> dat<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> to com<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> ob<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _2\"></span>, as th<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> the ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t of comple<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s to be per<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Whether any <span class=\"_ _3\"></span>costs should be <span class=\"_ _3\"></span>treated as wastage<span class=\"_ _351\"> </span>In rare circums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up may incur cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of waste<span class=\"_ _0\"></span>d mate<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>, lab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>r or othe<span class=\"_ _0\"></span>r resou<span class=\"_ _0\"></span>rces to fulfi<span class=\"_ _0\"></span>l a <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>re the level<span class=\"_ _0\"></span> of<span class=\"_ _351\"> </span>co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t was<span class=\"_ _0\"></span> not re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of su<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is a mat<span class=\"_ _2\"></span>te<span class=\"_ _0\"></span>r of ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> and wo<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>d onl<span class=\"_ _0\"></span>y b<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _351\"> </span>ari<span class=\"_ _0\"></span>se wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>ere has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a <span class=\"_ _3\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ies of abn<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>l event<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch give ri<span class=\"_ _0\"></span>se to a signifi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ant lev<span class=\"_ _0\"></span>el of cos<span class=\"_ _0\"></span>t of a <span class=\"_ _3\"></span>na<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span> that th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span> would<span class=\"_ _0\"></span> n<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> no<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>fl<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> pr<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>E<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>:<span class=\"_ _0\"></span> re<span class=\"_ _2\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> regul<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>re<span class=\"_ _0\"></span>quirem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s; <span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>wid<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-ra<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>cross <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>e; <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>cau<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal <span class=\"_ _2\"></span>di<span class=\"_ _0\"></span>srup<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>to<span class=\"_ _351\"> </span>custo<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Simil<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ly, <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>rare <span class=\"_ _2\"></span>circums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant <span class=\"_ _2\"></span>dis<span class=\"_ _0\"></span>rupt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>result<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>per<span class=\"_ _0\"></span>formance of <span class=\"_ _3\"></span>a delivered <span class=\"_ _3\"></span>goo<span class=\"_ _0\"></span>d or service may<span class=\"_ _3\"></span> be treated as<span class=\"_ _3\"></span> a wastage cost. Provis<span class=\"_ _3\"></span>ion is made<span class=\"_ _3\"></span> for any<span class=\"_ _3\"></span> costs identified as wastage<span class=\"_ _351\"> </span>whe<span class=\"_ _0\"></span>n the obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to incur them ari<span class=\"_ _0\"></span>ses \u2013 see no<span class=\"_ _0\"></span>te 21<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Whether sales of <span class=\"_ _3\"></span>spare engines <span class=\"_ _3\"></span>to joint <span class=\"_ _3\"></span>ventures <span class=\"_ _3\"></span>are at <span class=\"_ _3\"></span>fair value<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> Ae<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> bu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>ai<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t it<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> So<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e of<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> by, joint ve<span class=\"_ _0\"></span>nture <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f wh<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>les <span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ce re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue i<span class=\"_ _0\"></span>s a key <span class=\"_ _0\"></span>jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>The <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span> that based u<span class=\"_ _3\"></span>pon the terms<span class=\"_ _3\"></span> and conditions<span class=\"_ _3\"></span> of the sales, a<span class=\"_ _3\"></span>nd by com<span class=\"_ _3\"></span>parison to the<span class=\"_ _3\"></span> sales price<span class=\"_ _3\"></span> of spar<span class=\"_ _3\"></span>e engines <span class=\"_ _3\"></span>to other thi<span class=\"_ _3\"></span>rd parties<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e to<span class=\"_ _0\"></span> jo<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fa<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Se<span class=\"_ _2\"></span>e no<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>6 fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o jo<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r.<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>When re<span class=\"_ _3\"></span>venue should be <span class=\"_ _3\"></span>recognised in r<span class=\"_ _3\"></span>elation to spar<span class=\"_ _3\"></span>e engine sa<span class=\"_ _3\"></span>les<span class=\"_ _351\"> </span>R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> wh<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y,<span class=\"_ _2\"></span> a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>D<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>j<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> on<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> the <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>relin<span class=\"_ _0\"></span>quish<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>fore, <span class=\"_ _2\"></span>when <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>venue <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oint <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>pas<span class=\"_ _0\"></span>sing <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as<span class=\"_ _351\"> </span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> le<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> sa<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> s<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> en<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>revenu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>osure <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on; <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>ris<span class=\"_ _0\"></span>k <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ama<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>los<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isk <span class=\"_ _2\"></span>from <span class=\"_ _2\"></span>resi<span class=\"_ _0\"></span>dual <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>move<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d will det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span> if and when pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s wil<span class=\"_ _0\"></span>l be mad<span class=\"_ _0\"></span>e from disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> The spa<span class=\"_ _0\"></span>re engin<span class=\"_ _0\"></span>e cap<span class=\"_ _0\"></span>aci<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y that wi<span class=\"_ _0\"></span>ll be mad<span class=\"_ _0\"></span>e avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>fut<span class=\"_ _0\"></span>ure <span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ins <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ubs<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ght <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ubs<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tute <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _351\"> </span>through<span class=\"_ _3\"></span> the Grou<span class=\"_ _3\"></span>p\u2019s <span class=\"_ _3\"></span>perio<span class=\"_ _0\"></span>d of<span class=\"_ _3\"></span> use. It i<span class=\"_ _3\"></span>s, therefore,<span class=\"_ _3\"></span> appropriate <span class=\"_ _3\"></span>to recogn<span class=\"_ _3\"></span>ise re<span class=\"_ _3\"></span>venue fr<span class=\"_ _3\"></span>om the <span class=\"_ _3\"></span>sale of <span class=\"_ _3\"></span>the spare<span class=\"_ _3\"></span> engines <span class=\"_ _3\"></span>at the poin<span class=\"_ _3\"></span>t<span class=\"_ _351\"> </span>tha<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>nsf<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>tot<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>4 <span class=\"_ _2\"></span>(2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: <span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6) <span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>arge <span class=\"_ _2\"></span>sp<span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>engi<span class=\"_ _0\"></span>ne <span class=\"_ _2\"></span>sal<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>del<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0 <span class=\"_ _2\"></span>(2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>were <span class=\"_ _2\"></span>so<span class=\"_ _0\"></span>ld <span class=\"_ _2\"></span>to <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>custo<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ual <span class=\"_ _2\"></span>arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ome <span class=\"_ _2\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>pare <span class=\"_ _2\"></span>eng<span class=\"_ _0\"></span>ine <span class=\"_ _2\"></span>cap<span class=\"_ _0\"></span>acit<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>be <span class=\"_ _2\"></span>use<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span>d \u00a34<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a311<span class=\"_ _0\"></span>1m) to revenue for th<span class=\"_ _0\"></span>e year<span class=\"_ _3\"></span>.<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>estimate \u2013 <span class=\"_ _3\"></span>Estimates of futur<span class=\"_ _3\"></span>e re<span class=\"_ _f\"></span>venue and costs on <span class=\"_ _3\"></span>long-term contr<span class=\"_ _3\"></span>actual arra<span class=\"_ _3\"></span>ngements<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>fal<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ds <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>can <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>(<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>eral<span class=\"_ _0\"></span>ly up to <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5 years), the most signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant of these are L<span class=\"_ _f\"></span>TS<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s in the Civil Aerosp<span class=\"_ _0\"></span>ace busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h an <span class=\"_ _3\"></span>avera<span class=\"_ _0\"></span>ge remaini<span class=\"_ _0\"></span>ng term of<span class=\"_ _351\"> </span>aroun<span class=\"_ _0\"></span>d ten <span class=\"_ _0\"></span>year<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>revenue <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are <span class=\"_ _0\"></span>inhe<span class=\"_ _0\"></span>rent<span class=\"_ _0\"></span>ly i<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>cise <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates <span class=\"_ _0\"></span>are re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>: E<span class=\"_ _0\"></span>FHs<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>-<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>;<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n of<span class=\"_ _0\"></span> fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> cos<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o be<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>; li<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> cos<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> improvement<span class=\"_ _0\"></span>s over the term of the contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>; and escal<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of revenue and costs (tha<span class=\"_ _0\"></span>t includes th<span class=\"_ _0\"></span>e impact of infl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n). The impac<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> EF<span class=\"_ _2\"></span>H<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> al<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> ma<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> In<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span> on<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> of utilisation is <span class=\"_ _3\"></span>included in the f<span class=\"_ _3\"></span>orecast<span class=\"_ _0\"></span>s used. Across <span class=\"_ _3\"></span>the length of the c<span class=\"_ _3\"></span>urrent Civil<span class=\"_ _3\"></span> Aerospace L<span class=\"_ _f\"></span>TSA contract<span class=\"_ _0\"></span>s, allowance has been<span class=\"_ _351\"> </span>mad<span class=\"_ _0\"></span>e for around a 1% (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: 1%) proje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted cos<span class=\"_ _0\"></span>t increa<span class=\"_ _0\"></span>se resul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g from carb<span class=\"_ _0\"></span>on p<span class=\"_ _0\"></span>ricin<span class=\"_ _0\"></span>g and comm<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y pric<span class=\"_ _0\"></span>e chang<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>low <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mons<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rate <span class=\"_ _0\"></span>how <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns (in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>a resu<span class=\"_ _0\"></span>lt o<span class=\"_ _0\"></span>f cl<span class=\"_ _0\"></span>imate <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge) <span class=\"_ _0\"></span>coul<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>mpac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>vel o<span class=\"_ _0\"></span>f<span class=\"_ _351\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> re<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>F<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> Sta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s take acco<span class=\"_ _0\"></span>unt of the inhe<span class=\"_ _0\"></span>rent unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>raini<span class=\"_ _0\"></span>ng the exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d level of revenu<span class=\"_ _0\"></span>e as approp<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ate.<span class=\"_ _351\"> </span>Es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>f f<span class=\"_ _0\"></span>utu<span class=\"_ _0\"></span>re LTSA <span class=\"_ _0\"></span>revenu<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin <span class=\"_ _0\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Aero<span class=\"_ _0\"></span>spa<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>re b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>EFH <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>infl<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>over <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>recove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he ci<span class=\"_ _0\"></span>vil av<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>indus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y. Final<span class=\"_ _0\"></span>ly, many of th<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>es and <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re den<span class=\"_ _0\"></span>omin<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d in curre<span class=\"_ _0\"></span>ncie<span class=\"_ _0\"></span>s ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>han t<span class=\"_ _0\"></span>hat of t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at an<span class=\"_ _0\"></span> es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> exc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> rat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on<span class=\"_ _0\"></span> his<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> and<span class=\"_ _0\"></span> ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span> for<span class=\"_ _3\"></span>ecasts.<span class=\"_ _351\"> </span>Dur<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>ye<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>in <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>Aeros<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>LTSA <span class=\"_ _3\"></span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>result<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>favou<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>atch<span class=\"_ _0\"></span>-u<span class=\"_ _0\"></span>p <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>to revenue of \u00a33<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a32<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>4m).<span class=\"_ _351\"> </span>Ba<span class=\"_ _3\"></span>sed<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>upo<span class=\"_ _3\"></span>n th<span class=\"_ _f\"></span>e sta<span class=\"_ _3\"></span>ge<span class=\"_ _3\"></span> of c<span class=\"_ _3\"></span>om<span class=\"_ _3\"></span>pl<span class=\"_ _3\"></span>eti<span class=\"_ _3\"></span>on<span class=\"_ _3\"></span> of<span class=\"_ _3\"></span> all<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>L<span class=\"_ _f\"></span>TSA<span class=\"_ _3\"></span> con<span class=\"_ _3\"></span>tr<span class=\"_ _3\"></span>acts<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>wi<span class=\"_ _3\"></span>th<span class=\"_ _3\"></span>in<span class=\"_ _3\"></span> Civ<span class=\"_ _3\"></span>il<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>Ae<span class=\"_ _3\"></span>ro<span class=\"_ _3\"></span>sp<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>e a<span class=\"_ _3\"></span>s at<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>31<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>Dec<span class=\"_ _3\"></span>em<span class=\"_ _3\"></span>ber<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>2022,<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>th<span class=\"_ _3\"></span>e fo<span class=\"_ _3\"></span>ll<span class=\"_ _3\"></span>ow<span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>g r<span class=\"_ _3\"></span>ea<span class=\"_ _3\"></span>so<span class=\"_ _3\"></span>na<span class=\"_ _3\"></span>bl<span class=\"_ _3\"></span>y<span class=\"_ _351\"> </span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> res<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p ad<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> pe<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in wh<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> es<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> (a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g rates):<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls74 wsa2\">A change in foreca<span class=\"_ _0\"></span>st EFHs of 1% over the remaining term of the cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts woul<span class=\"_ _0\"></span>d impact L<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>SA incom<span class=\"_ _0\"></span>e and to a<span class=\"_ _3\"></span> less<span class=\"_ _0\"></span>er exte<span class=\"_ _0\"></span>nt cost<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span> in<span class=\"_ _2\"></span>-<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00a3<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> wo<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> be<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> as<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r,<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> it impac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s one<span class=\"_ _0\"></span>rous con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>hin cos<span class=\"_ _0\"></span>t of sales<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls6d wscb\">A 2% increa<span class=\"_ _0\"></span>se or decre<span class=\"_ _0\"></span>ase in our prici<span class=\"_ _0\"></span>ng to custom<span class=\"_ _0\"></span>ers over the life of the con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s woul<span class=\"_ _0\"></span>d lead to a r<span class=\"_ _3\"></span>even<span class=\"_ _0\"></span>ue catch<span class=\"_ _0\"></span>-up adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> </span>in the nex<span class=\"_ _0\"></span>t 12 mon<span class=\"_ _0\"></span>ths of around \u00a3<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls78 wsa7\">A<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>% in<span class=\"_ _2\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> or<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>p vi<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s ov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e li<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>d to<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ca<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ne<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> </span>12 mont<span class=\"_ _0\"></span>hs of around \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m.<span class=\"_ _351\"> </span>Risk and <span class=\"_ _3\"></span>re<span class=\"_ _f\"></span>venue sharing <span class=\"_ _3\"></span>arra<span class=\"_ _3\"></span>ngements (R<span class=\"_ _3\"></span>RSAs)<span class=\"_ _351\"> </span>Cash entr<span class=\"_ _0\"></span>y fees receive<span class=\"_ _0\"></span>d are <span class=\"_ _3\"></span>initi<span class=\"_ _0\"></span>ally deferred on the balance shee<span class=\"_ _0\"></span>t within trade payables and other liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. They are then r<span class=\"_ _3\"></span>eco<span class=\"_ _0\"></span>gnised<span class=\"_ _0\"></span> as <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>reduc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ost <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>Indi<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>dual <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ro <span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>unit<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>pro<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion com<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ces as each unit is del<span class=\"_ _0\"></span>ivere<span class=\"_ _0\"></span>d and the<span class=\"_ _0\"></span>n reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on a 15<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar st<span class=\"_ _0\"></span>raig<span class=\"_ _0\"></span>ht-line bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _3\"></span>pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts to <span class=\"_ _32\"></span>s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>lier<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>sh<span class=\"_ _0\"></span>ares <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mme <span class=\"_ _3\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _f\"></span>fl<span class=\"_ _0\"></span>ows <span class=\"_ _3\"></span>for their <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>rod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>ost <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>sal<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span>OE sal<span class=\"_ _0\"></span>es are reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d or as L<span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>A cost<span class=\"_ _0\"></span>s are incurre<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The Group <span class=\"_ _3\"></span>al<span class=\"_ _0\"></span>so has <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>rran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>wi<span class=\"_ _0\"></span>th third <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies who <span class=\"_ _3\"></span>invest in <span class=\"_ _f\"></span>a programm<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>and receive a <span class=\"_ _f\"></span>retu<span class=\"_ _0\"></span>rn <span class=\"_ _3\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>but do <span class=\"_ _f\"></span>no<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span>unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake <span class=\"_ _2\"></span>deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt <span class=\"_ _2\"></span>wor<span class=\"_ _0\"></span>k <span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>sup<span class=\"_ _0\"></span>ply <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Su<span class=\"_ _0\"></span>ch <span class=\"_ _2\"></span>arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>(finan<span class=\"_ _0\"></span>cial <span class=\"_ _2\"></span>R<span class=\"_ _0\"></span>RS<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s) <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>finan<span class=\"_ _0\"></span>cial <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ned <span class=\"_ _2\"></span>by <span class=\"_ _2\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S <span class=\"_ _2\"></span>32<span class=\"_ _351\"> </span>Financial <span class=\"_ _3\"></span>Instruments: Presen<span class=\"_ _3\"></span>tation<span class=\"ffbd ls5c ws8a\"> and are accounte<span class=\"_ _0\"></span>d for usin<span class=\"_ _0\"></span>g the amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sed co<span class=\"_ _0\"></span>st me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Determination of the natur<span class=\"_ _3\"></span>e of en<span class=\"_ _3\"></span>try fees r<span class=\"_ _3\"></span>eceive<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>RR<span class=\"_ _0\"></span>SA<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>ith <span class=\"_ _2\"></span>key <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>rs <span class=\"_ _2\"></span>(wor<span class=\"_ _0\"></span>ks<span class=\"_ _0\"></span>hare <span class=\"_ _2\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>s) <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>feat<span class=\"_ _0\"></span>ure <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>civ<span class=\"_ _0\"></span>il <span class=\"_ _2\"></span>avi<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Und<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e key co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> obj<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> are tha<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>: (i)<span class=\"_ _0\"></span> duri<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g the<span class=\"_ _0\"></span> dev<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt ph<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e wo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> par<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>r sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span> developing an <span class=\"_ _0\"></span>engine <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rforming <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>own <span class=\"_ _0\"></span>development <span class=\"_ _0\"></span>work, <span class=\"_ _0\"></span>providing <span class=\"_ _0\"></span>development par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>paying a <span class=\"_ _2\"></span>non-refundable c<span class=\"_ _0\"></span>ash<span class=\"_ _351\"> </span>ent<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y fe<span class=\"_ _0\"></span>e; <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>(ii) dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on p<span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he wo<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>sha<span class=\"_ _0\"></span>re pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>uppl<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n ret<span class=\"_ _0\"></span>urn <span class=\"_ _0\"></span>for a <span class=\"_ _0\"></span>share <span class=\"_ _0\"></span>of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span> cas<span class=\"_ _0\"></span>h flows as a \u2018lif<span class=\"_ _0\"></span>e of typ<span class=\"_ _0\"></span>e\u2019 sup<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>er (i.<span class=\"_ _0\"></span>e. as lon<span class=\"_ _0\"></span>g as the engin<span class=\"_ _0\"></span>e remains in ser<span class=\"_ _2\"></span>vic<span class=\"_ _0\"></span>e).<span class=\"_ _351\"> </span>The <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>refun<span class=\"_ _0\"></span>dab<span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>ntr<span class=\"_ _2\"></span>y <span class=\"_ _f\"></span>fe<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>is <span class=\"_ _f\"></span>j<span class=\"_ _0\"></span>udg<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>by <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>a contri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>to<span class=\"_ _0\"></span>wards <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ment <span class=\"_ _3\"></span>exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure <span class=\"_ _f\"></span>in<span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> on a similar ba<span class=\"_ _0\"></span>sis to the amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of develo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent cos<span class=\"_ _0\"></span>ts \u2013 see pa<span class=\"_ _0\"></span>ge 12<span class=\"_ _0\"></span>0.<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>Ro<span class=\"_ _3\"></span>y<span class=\"_ _3\"></span>alty pa<span class=\"_ _f\"></span>yments<span class=\"_ _351\"> </span>Whe<span class=\"_ _0\"></span>re a <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>overnm<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>sim<span class=\"_ _0\"></span>ila<span class=\"_ _0\"></span>r b<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>prev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>usly <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>nteres<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>in t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>gram<span class=\"_ _0\"></span>me, <span class=\"_ _0\"></span>roya<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> are matche<span class=\"_ _0\"></span>d to the relat<span class=\"_ _0\"></span>ed sal<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Go<span class=\"_ _3\"></span>vernmen<span class=\"_ _3\"></span>t grants<span class=\"_ _351\"> </span>G<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> that <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>ey <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>inten<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>grant<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>adv<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hey <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>lly <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>as<span class=\"_ _351\"> </span>liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s wit<span class=\"_ _0\"></span>hin tra<span class=\"_ _0\"></span>de pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es and ot<span class=\"_ _0\"></span>her l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies an<span class=\"_ _0\"></span>d relea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to match th<span class=\"_ _0\"></span>e relat<span class=\"_ _0\"></span>ed exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ditu<span class=\"_ _0\"></span>re. No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>y grant<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> at fair valu<span class=\"_ _0\"></span>e.<span class=\"_ _351\"> </span>Inter<span class=\"_ _3\"></span>est<span class=\"_ _351\"> </span>Intere<span class=\"_ _0\"></span>st recei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e/payabl<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>is credite<span class=\"_ _0\"></span>d/charged to <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e income stat<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt using <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive interes<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. Where borrow<span class=\"_ _0\"></span>ing cost<span class=\"_ _0\"></span>s are<span class=\"_ _351\"> </span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to the acquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, cons<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on or pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of a qualif<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>, suc<span class=\"_ _0\"></span>h cost<span class=\"_ _0\"></span>s are capi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d as par<span class=\"_ _0\"></span>t of the sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>ax<span class=\"_ _3\"></span>ation<span class=\"_ _351\"> </span>The t<span class=\"_ _0\"></span>ax charg<span class=\"_ _0\"></span>e/credit on the profi<span class=\"_ _0\"></span>t or loss for th<span class=\"_ _0\"></span>e year comp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es current an<span class=\"_ _0\"></span>d defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">Cur<span class=\"_ _0\"></span>rent <span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span>paya<span class=\"_ _0\"></span>ble <span class=\"_ _3\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>yea<span class=\"_ _0\"></span>r<span class=\"_ _f\"></span>, using <span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span>rate<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>enac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>sub<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ivel<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>ena<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>at <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ance sheet date, <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>any<span class=\"_ _351\"> </span></span>adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment to ta<span class=\"_ _0\"></span>x paya<span class=\"_ _0\"></span>ble in respe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of previo<span class=\"_ _0\"></span>us years<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls7b wsaa\">Deferred tax is provided usi<span class=\"_ _3\"></span>ng the balance sheet liabi<span class=\"_ _3\"></span>lit<span class=\"_ _0\"></span>y method, providing for<span class=\"_ _3\"></span> temporar<span class=\"_ _0\"></span>y differences betwe<span class=\"_ _0\"></span>en the carrying amounts<span class=\"_ _351\"> </span></span>of<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> and li<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l rep<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d is ca<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d usi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y en<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ar<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y wh<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t or<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y is<span class=\"_ _0\"></span> se<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>. In<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> UK<span class=\"_ _b\"></span>, <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y on<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n schem<span class=\"_ _0\"></span>e surpl<span class=\"_ _0\"></span>us is recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d consi<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y wit<span class=\"_ _0\"></span>h the basi<span class=\"_ _0\"></span>s for reco<span class=\"_ _0\"></span>gnisi<span class=\"_ _0\"></span>ng the sur<span class=\"_ _0\"></span>plus i<span class=\"_ _0\"></span>.e<span class=\"_ _0\"></span>. at the rate app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to refunds from<span class=\"_ _0\"></span> a trus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>x is cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>d or credi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t or OCI as ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>e, exce<span class=\"_ _0\"></span>pt whe<span class=\"_ _0\"></span>n it rela<span class=\"_ _0\"></span>tes to ite<span class=\"_ _0\"></span>ms cred<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d or char<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d direc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly to<span class=\"_ _0\"></span> equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in which cas<span class=\"_ _0\"></span>e the ta<span class=\"_ _0\"></span>x is als<span class=\"_ _0\"></span>o dealt wi<span class=\"_ _0\"></span>th in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span>De<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>able <span class=\"_ _2\"></span>temp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>eren<span class=\"_ _0\"></span>ces <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>int <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span>except <span class=\"_ _0\"></span>whe<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>roup is <span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to <span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>rol t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>revers<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e tem<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y dif<span class=\"_ _2\"></span>feren<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>t is p<span class=\"_ _0\"></span>rob<span class=\"_ _0\"></span>able <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce w<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span> n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ve<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> in th<span class=\"_ _2\"></span>e fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e fu<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ta<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> on<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>g on<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rar<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>dif<span class=\"_ _2\"></span>feren<span class=\"_ _0\"></span>ces <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>tha<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span> comb<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n and that af<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s neit<span class=\"_ _0\"></span>her ac<span class=\"_ _0\"></span>coun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g nor ta<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>De<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>nly to t<span class=\"_ _0\"></span>he ex<span class=\"_ _2\"></span>tent t<span class=\"_ _0\"></span>hat it <span class=\"_ _0\"></span>is pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le t<span class=\"_ _0\"></span>hat fu<span class=\"_ _0\"></span>ture t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hich in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de th<span class=\"_ _0\"></span>e rever<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span> temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, will be availab<span class=\"_ _0\"></span>le agains<span class=\"_ _0\"></span>t which the asse<span class=\"_ _0\"></span>ts can be uti<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. F<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her det<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s on the Group\u2019s tax po<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion can be found<span class=\"_ _0\"></span> on pag<span class=\"_ _0\"></span>e 133<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>estimate \u2013 <span class=\"_ _3\"></span>Estimates necessary to <span class=\"_ _3\"></span>assess whether it <span class=\"_ _3\"></span>is probable <span class=\"_ _3\"></span>that sufficient <span class=\"_ _3\"></span>suitable taxa<span class=\"_ _3\"></span>ble profits <span class=\"_ _3\"></span>will arise in <span class=\"_ _3\"></span>the UK to<span class=\"_ _351\"> </span>utilise the <span class=\"_ _3\"></span>deferred tax assets <span class=\"_ _3\"></span>recognised<span class=\"_ _351\"> </span>De<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nly <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>tent <span class=\"_ _2\"></span>it <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>that <span class=\"_ _2\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>ll <span class=\"_ _2\"></span>be <span class=\"_ _2\"></span>avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le, <span class=\"_ _2\"></span>ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span> ut<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ta<span class=\"_ _2\"></span>x as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00a3<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>re<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span> ta<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span> los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Fur<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r det<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s are includ<span class=\"_ _0\"></span>ed in note 5<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>In <span class=\"_ _3\"></span>addi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span>into <span class=\"_ _3\"></span>ac<span class=\"_ _0\"></span>count <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>seve<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>bu<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>lau<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>owns<span class=\"_ _0\"></span>ide <span class=\"_ _3\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st <span class=\"_ _3\"></span>(se<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ow), <span class=\"_ _3\"></span>the climate<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>(set out <span class=\"_ _3\"></span>on page<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>0 to <span class=\"_ _f\"></span>1<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>) <span class=\"_ _3\"></span>have also bee<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red when asses<span class=\"_ _0\"></span>sing the recoverab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red tax asset<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Reco<span class=\"_ _0\"></span>gnisi<span class=\"_ _0\"></span>ng the<span class=\"_ _351\"> </span>lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r term<span class=\"_ _0\"></span>s over which<span class=\"_ _0\"></span> thes<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s will be<span class=\"_ _0\"></span> recovere<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up has con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d the ris<span class=\"_ _0\"></span>k that reg<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s coul<span class=\"_ _0\"></span>d mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>lly<span class=\"_ _0\"></span> impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>eman<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>our <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>shif<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>cus <span class=\"_ _2\"></span>tow<span class=\"_ _0\"></span>ards <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>re <span class=\"_ _2\"></span>sust<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>sol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>clim<span class=\"_ _0\"></span>ate <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os prepa<span class=\"_ _0\"></span>red do not indic<span class=\"_ _0\"></span>ate a signifi<span class=\"_ _0\"></span>cant de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>iora<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on in demand or pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y for Civ<span class=\"_ _0\"></span>il Aerospa<span class=\"_ _0\"></span>ce prog<span class=\"_ _0\"></span>ramme<span class=\"_ _0\"></span>s given that<span class=\"_ _0\"></span> all comm<span class=\"_ _0\"></span>ercial ae<span class=\"_ _0\"></span>ro-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es will be co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le wit<span class=\"_ _0\"></span>h sust<span class=\"_ _0\"></span>aina<span class=\"_ _0\"></span>ble fu<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s by the end of 202<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Whil<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on and <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>mmo<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g <span class=\"_ _f\"></span>may put <span class=\"_ _f\"></span>pre<span class=\"_ _0\"></span>ssure <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _3\"></span>new <span class=\"_ _3\"></span>sup<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>er <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>of<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>the<span class=\"_ _0\"></span> opp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tuni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to receive val<span class=\"_ _0\"></span>ue for more ef<span class=\"_ _2\"></span>ficie<span class=\"_ _0\"></span>nt and sus<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le produ<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Mac<span class=\"_ _0\"></span>ro-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inue <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>result in <span class=\"_ _f\"></span>unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>over <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>ema<span class=\"_ _0\"></span>nd <span class=\"_ _3\"></span>acros<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>civ<span class=\"_ _0\"></span>il <span class=\"_ _f\"></span>av<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>ndus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y. <span class=\"_ _f\"></span>A<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>ex<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in note <span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>a 25% probab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>ere being a <span class=\"_ _3\"></span>seve<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>bu<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>pl<span class=\"_ _0\"></span>ausi<span class=\"_ _0\"></span>ble downs<span class=\"_ _0\"></span>ide forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t in <span class=\"_ _f\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>to the civil aviati<span class=\"_ _0\"></span>on indus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y has been<span class=\"_ _0\"></span> take<span class=\"_ _0\"></span>n into accoun<span class=\"_ _0\"></span>t in the asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of the recove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of the UK de<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The estimates take account of the <span class=\"_ _3\"></span>inherent uncer<span class=\"_ _0\"></span>tainties cons<span class=\"_ _0\"></span>training the expecte<span class=\"_ _0\"></span>d level of <span class=\"_ _3\"></span>profit as appropriate. Changes in these<span class=\"_ _351\"> </span>est<span class=\"_ _0\"></span>imates will af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t future profit<span class=\"_ _0\"></span>s and, therefore, the recoverabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the deferred ta<span class=\"_ _0\"></span>x asset<span class=\"_ _0\"></span>s. The foll<span class=\"_ _0\"></span>owing sensit<span class=\"_ _0\"></span>ivit<span class=\"_ _0\"></span>ies have been<span class=\"_ _351\"> </span>mo<span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>ed to dem<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ate the imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of change<span class=\"_ _0\"></span>s in assumpt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns on the recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of def<span class=\"_ _0\"></span>erre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">A 5% change in margin in the main Ci<span class=\"_ _0\"></span>vil Aero<span class=\"_ _0\"></span>spa<span class=\"_ _0\"></span>ce large en<span class=\"_ _0\"></span>gine pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mmes<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">A 5% change in the numb<span class=\"_ _0\"></span>er of shop vis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s drive<span class=\"_ _0\"></span>n by EFHs<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">A<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fro<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>clima<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ass <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hroug<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span> </span>thro<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>All <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>coul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>dri<span class=\"_ _0\"></span>ven <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>numb<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>fa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ors<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>clim<span class=\"_ _0\"></span>ate <span class=\"_ _2\"></span>chang<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>pag<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>11<span class=\"_ _0\"></span>0 <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>12 <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span> chang<span class=\"_ _0\"></span>es in forei<span class=\"_ _0\"></span>gn exchang<span class=\"_ _0\"></span>e rates<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>A 5%<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> sh<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> vi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s (w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> dr<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> by<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> EF<span class=\"_ _0\"></span>H<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>/<span class=\"_ _351\"> </span>dec<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>e in the defe<span class=\"_ _0\"></span>rred ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et of aroun<span class=\"_ _0\"></span>d \u00a313<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>If onl<span class=\"_ _0\"></span>y 9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% of assu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d fut<span class=\"_ _0\"></span>ure cos<span class=\"_ _0\"></span>t incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span> chang<span class=\"_ _0\"></span>e are pas<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on to cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, this<span class=\"_ _0\"></span> woul<span class=\"_ _0\"></span>d result<span class=\"_ _0\"></span> in a <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e in the<span class=\"_ _0\"></span> defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>t of around \u00a3<span class=\"_ _0\"></span>50<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, and if carb<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s were to double<span class=\"_ _0\"></span>, this woul<span class=\"_ _0\"></span>d be \u00a38<span class=\"_ _0\"></span>0m<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>F<span class=\"_ _3\"></span>oreign <span class=\"_ _3\"></span>currency <span class=\"_ _3\"></span>transla<span class=\"_ _3\"></span>tion<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>ransa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ions denominate<span class=\"_ _0\"></span>d in c<span class=\"_ _3\"></span>urrencies othe<span class=\"_ _0\"></span>r than the functio<span class=\"_ _0\"></span>nal currency of the transact<span class=\"_ _0\"></span>ing group undert<span class=\"_ _0\"></span>aking are translated into the<span class=\"_ _351\"> </span>func<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>curren<span class=\"_ _0\"></span>cy <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>avera<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>thl<span class=\"_ _0\"></span>y exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>whe<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>curs<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Mo<span class=\"_ _0\"></span>net<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>y a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>omina<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e ra<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ye<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r en<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> on foreign ex<span class=\"_ _3\"></span>change trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions and the retranslat<span class=\"_ _0\"></span>ion of moneta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y asset<span class=\"_ _0\"></span>s and liabilities into functio<span class=\"_ _0\"></span>nal currencies at <span class=\"_ _3\"></span>the rate prevailing<span class=\"_ _351\"> </span>at the year end are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in profit<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>oss) be<span class=\"_ _0\"></span>fore ta<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The tradin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>resul<span class=\"_ _0\"></span>ts of <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup under<span class=\"_ _2\"></span>tak<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>ansl<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>into sterl<span class=\"_ _0\"></span>ing at <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he average exchange rates <span class=\"_ _3\"></span>for the <span class=\"_ _3\"></span>year. <span class=\"_ _f\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s and <span class=\"_ _f\"></span>l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span> of <span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>fai<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lue <span class=\"_ _2\"></span>adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>ari<span class=\"_ _0\"></span>sing <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>cqui<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ansl<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tespre<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ng at th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> aris<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g from<span class=\"_ _0\"></span> the ret<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of the<span class=\"_ _0\"></span> ope<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g ne<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> and fro<span class=\"_ _0\"></span>m the<span class=\"_ _0\"></span> tran<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or loss<span class=\"_ _0\"></span>es at average ra<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, are recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in OCI<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Discontinued oper<span class=\"_ _3\"></span>ations <span class=\"_ _3\"></span>and busines<span class=\"_ _3\"></span>s disposa<span class=\"_ _3\"></span>ls<span class=\"_ _351\"> </span>A di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> is de<span class=\"_ _2\"></span>fin<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span> 5<span class=\"ffbe ls60 ws8d\"> <span class=\"_ _3\"></span>Non-current <span class=\"_ _f\"></span>A<span class=\"_ _0\"></span>ssets <span class=\"_ _3\"></span>Held f<span class=\"_ _3\"></span>or Sale<span class=\"_ _3\"></span> and<span class=\"_ _3\"></span> Discontin<span class=\"_ _3\"></span>ued <span class=\"_ _3\"></span>Op<span class=\"_ _0\"></span>erations<span class=\"ffbd ls81 wsaf\"> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> of an<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> </span></span>t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> has<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> dis<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f or<span class=\"_ _0\"></span> is cl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> as he<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r sa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> of bu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> or ge<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> of op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> is part of a single<span class=\"_ _3\"></span> co-<span class=\"_ _0\"></span>ordinated plan to dispose of<span class=\"_ _3\"></span> such a line<span class=\"_ _3\"></span> of business or <span class=\"_ _3\"></span>is a subsidiary acquired ex<span class=\"_ _3\"></span>clusively with a view <span class=\"_ _3\"></span>to resale. The<span class=\"_ _351\"> </span>result<span class=\"_ _0\"></span>s of disco<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s are required to be pres<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d sep<span class=\"_ _0\"></span>arat<span class=\"_ _0\"></span>ely in the inc<span class=\"_ _0\"></span>ome st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _351\"> </span>A<span class=\"_ _3\"></span>s<span class=\"_ _f\"></span>se<span class=\"_ _32\"></span>ts<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _f\"></span>d<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>bu<span class=\"_ _32\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>s<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>s<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>fi<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _f\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>o<span class=\"_ _f\"></span>r<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sa<span class=\"_ _32\"></span>l<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>w<span class=\"_ _3\"></span>h<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _f\"></span>he<span class=\"_ _32\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>rr<span class=\"_ _f\"></span>yi<span class=\"_ _32\"></span>n<span class=\"_ _3\"></span>g<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>mo<span class=\"_ _32\"></span>u<span class=\"_ _3\"></span>n<span class=\"_ _f\"></span>ts<span class=\"_ _32\"></span> <span class=\"_ _2\"></span>w<span class=\"_ _3\"></span>i<span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>b<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>r<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _f\"></span>e<span class=\"_ _f\"></span>r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _f\"></span>h<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>u<span class=\"_ _f\"></span>g<span class=\"_ _3\"></span>h<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>s<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>r<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>h<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>h<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _f\"></span>h<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>u<span class=\"_ _f\"></span>g<span class=\"_ _3\"></span>h<span class=\"_ _f\"></span> continuing use.<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>The assets, liabilities <span class=\"_ _3\"></span>and associated consolidation <span class=\"_ _3\"></span>adjustments of the <span class=\"_ _3\"></span>ITP Aero <span class=\"_ _3\"></span>business r<span class=\"_ _3\"></span>ecognised on disposal<span class=\"_ _351\"> </span>In <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tif<span class=\"_ _2\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orm <span class=\"_ _2\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>IT<span class=\"_ _0\"></span>P <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>ero <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>asso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>eet <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>cri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>be <span class=\"_ _2\"></span>cl<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>thin <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>group<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The<span class=\"_ _0\"></span> cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>sal <span class=\"_ _0\"></span>grou<span class=\"_ _0\"></span>p are <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ose <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>group\u2019s <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. F<span class=\"_ _3\"></span>ur<span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>r det<span class=\"_ _0\"></span>ail can be fo<span class=\"_ _0\"></span>und in note 27.<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>Financial <span class=\"_ _3\"></span>instrumen<span class=\"_ _3\"></span>ts \u2013 Cla<span class=\"_ _3\"></span>ssification <span class=\"_ _3\"></span>and mea<span class=\"_ _3\"></span>suremen<span class=\"_ _3\"></span>t<span class=\"_ _351\"> </span>Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>ly <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>quiv<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t-ter<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(fo<span class=\"_ _0\"></span>reign <span class=\"_ _2\"></span>excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span>comm<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and intere<span class=\"_ _0\"></span>st rate con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s), and lis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d and unlis<span class=\"_ _0\"></span>ted inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls79 wsa8\">T<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s are<span class=\"_ _0\"></span> cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ei<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r as<span class=\"_ _0\"></span> hel<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to col<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at amo<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> cos<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>, or as<span class=\"_ _0\"></span> hel<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to col<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l an<span class=\"_ _0\"></span>d me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at<span class=\"_ _351\"> </span></span>fair <span class=\"_ _3\"></span>valu<span class=\"_ _0\"></span>e, <span class=\"_ _f\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h <span class=\"_ _f\"></span>move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span>in <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _f\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _3\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>throu<span class=\"_ _0\"></span>gh <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>mpreh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve <span class=\"_ _f\"></span>in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>(F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI<span class=\"_ _0\"></span>). <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _3\"></span>may <span class=\"_ _f\"></span>se<span class=\"_ _0\"></span>ll <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es<span class=\"_ _351\"> </span>du<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>ai<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> due<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> An<span class=\"_ _0\"></span>y tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> suc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>us<span class=\"_ _2\"></span>to<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t so<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> rep<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g da<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> cla<span class=\"_ _0\"></span>ssifi<span class=\"_ _0\"></span>ed as \u2018<span class=\"_ _0\"></span>hel<span class=\"_ _0\"></span>d to colle<span class=\"_ _0\"></span>ct and se<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>\u2019.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd lsc1 wsee\">C<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> ba<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>t-<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>)<span class=\"_ _2\"></span> </span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>t-<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>j<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>t-<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Mo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>y marke<span class=\"_ _0\"></span>t fund<span class=\"_ _0\"></span>s are meas<span class=\"_ _0\"></span>ured<span class=\"_ _0\"></span> at fair val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h movem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt as<span class=\"_ _351\"> </span>a profit or los<span class=\"_ _0\"></span>s (F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>PL)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">De<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ives an<span class=\"_ _0\"></span>d unlist<span class=\"_ _0\"></span>ed inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are measure<span class=\"_ _0\"></span>d at FV<span class=\"_ _0\"></span>PL<span class=\"_ _2\"></span>. The Com<span class=\"_ _0\"></span>pany has ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to mea<span class=\"_ _0\"></span>sure its li<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>d invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s at FVO<span class=\"_ _0\"></span>CI<span class=\"_ _351\"> </span></span>Fina<span class=\"_ _0\"></span>ncial li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies pr<span class=\"_ _0\"></span>imar<span class=\"_ _0\"></span>ily con<span class=\"_ _0\"></span>sist of tra<span class=\"_ _0\"></span>de paya<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>, deri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, financi<span class=\"_ _0\"></span>al RR<span class=\"_ _0\"></span>SA<span class=\"_ _0\"></span>s and C Shares<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">De<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ives are cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d and measu<span class=\"_ _0\"></span>red at F<span class=\"_ _0\"></span>VP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">All ot<span class=\"_ _0\"></span>her fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies are cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d and measure<span class=\"_ _0\"></span>d at amor<span class=\"_ _2\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>Financial <span class=\"_ _3\"></span>instrumen<span class=\"_ _3\"></span>ts \u2013 Impairmen<span class=\"_ _3\"></span>t of fina<span class=\"_ _3\"></span>ncial a<span class=\"_ _3\"></span>ssets <span class=\"_ _3\"></span>and con<span class=\"_ _3\"></span>tract a<span class=\"_ _3\"></span>ssets<span class=\"_ _351\"> </span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _2\"></span>9 <span class=\"_ _0\"></span><span class=\"ffbe lsaa wsd7\">Financial <span class=\"_ _0\"></span>Instruments</span><span class=\"ls9b wsc8\"> <span class=\"_ _0\"></span>se<span class=\"_ _f\"></span>ts<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>th<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ba<span class=\"_ _f\"></span>si<span class=\"_ _f\"></span>s<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>th<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ac<span class=\"_ _f\"></span>co<span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>of<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>E<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>Ls<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>on<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>fin<span class=\"_ _f\"></span>an<span class=\"_ _f\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>as<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ts<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>on<span class=\"_ _f\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ct<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>as<span class=\"_ _f\"></span>se<span class=\"_ _f\"></span>ts<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>r<span class=\"_ _f\"></span>es<span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>ti<span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>g<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>fr<span class=\"_ _32\"></span>om<span class=\"_ _f\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>I<span class=\"_ _b\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _2\"></span>S<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>1<span class=\"_ _b\"></span>5<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>fi<span class=\"_ _b\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>E<span class=\"_ _0\"></span>C<span class=\"_ _2\"></span>L<span class=\"_ _b\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> at <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>prob<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>amou<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>able <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>supp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>info<span class=\"_ _0\"></span>rmat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>event<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrent <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ions <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span> fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>fut<span class=\"_ _0\"></span>ure <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omic <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>custo<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>sim<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>opt<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>dit <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span> which a<span class=\"_ _0\"></span>re publ<span class=\"_ _0\"></span>icly <span class=\"_ _0\"></span>avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, o<span class=\"_ _0\"></span>r throu<span class=\"_ _0\"></span>gh int<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al ris<span class=\"_ _0\"></span>k ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ved u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>\u2019s l<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>t avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al info<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span> ECLs <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>at <span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>credi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sk <span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ial <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. <span class=\"_ _2\"></span>ECL<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al<span class=\"_ _351\"> </span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s in scop<span class=\"_ _0\"></span>e, rega<span class=\"_ _0\"></span>rdles<span class=\"_ _0\"></span>s of whet<span class=\"_ _0\"></span>her or not th<span class=\"_ _0\"></span>ey are overdue<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Financial <span class=\"_ _3\"></span>instrumen<span class=\"_ _3\"></span>ts \u2013 Hedge acc<span class=\"_ _3\"></span>ounting<span class=\"_ _351\"> </span>For<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd foreign exchange cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s and commo<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y swap<span class=\"_ _0\"></span>s (deriv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve financi<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s) <span class=\"_ _3\"></span>are held to <span class=\"_ _3\"></span>ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>e the <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ash flow exposu<span class=\"_ _0\"></span>res<span class=\"_ _351\"> </span>of <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ast <span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>foreig<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>ncie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>or <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mmo<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vely. <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>alif<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>for<span class=\"_ _0\"></span> hedge <span class=\"_ _f\"></span>accounting <span class=\"_ _f\"></span>when: <span class=\"_ _32\"></span>(i) <span class=\"_ _f\"></span>there <span class=\"_ _f\"></span>is <span class=\"_ _32\"></span>a <span class=\"_ _3\"></span>formal <span class=\"_ _f\"></span>designation <span class=\"_ _32\"></span>and <span class=\"_ _f\"></span>do<span class=\"_ _0\"></span>cumentation <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>hedging <span class=\"_ _f\"></span>relationship <span class=\"_ _32\"></span>and <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup\u2019<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>risk <span class=\"_ _f\"></span>management<span class=\"_ _351\"> </span>obje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve and st<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>gy for und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e hedg<span class=\"_ _0\"></span>e at the ince<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on of the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e; and (ii) the hed<span class=\"_ _0\"></span>ge is expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to be ef<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>In gene<span class=\"_ _0\"></span>ral<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up has chose<span class=\"_ _0\"></span>n to not apply hed<span class=\"_ _0\"></span>ge acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing in respe<span class=\"_ _0\"></span>ct of the<span class=\"_ _0\"></span>se expo<span class=\"_ _0\"></span>sures<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> The Group econo<span class=\"_ _0\"></span>mical<span class=\"_ _0\"></span>ly hedge<span class=\"_ _0\"></span>s the fair value and cash flow e<span class=\"_ _3\"></span>xp<span class=\"_ _0\"></span>osures of its borrowin<span class=\"_ _0\"></span>gs. Cross-<span class=\"_ _0\"></span>currenc<span class=\"_ _0\"></span>y interest rate swaps are held to<span class=\"_ _351\"> </span>mana<span class=\"_ _0\"></span>ge t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>r ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sures o<span class=\"_ _0\"></span>f b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs de<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>minate<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n fore<span class=\"_ _0\"></span>ign c<span class=\"_ _0\"></span>urren<span class=\"_ _0\"></span>cies <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>are de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d as <span class=\"_ _0\"></span>fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span> or <span class=\"_ _2\"></span>cash <span class=\"_ _2\"></span>fl<span class=\"_ _0\"></span>ow <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te. <span class=\"_ _2\"></span>Inte<span class=\"_ _0\"></span>rest <span class=\"_ _2\"></span>rat<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>wap<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ld <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>inte<span class=\"_ _0\"></span>rest <span class=\"_ _2\"></span>rat<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ures <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>xed <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ting <span class=\"_ _2\"></span>ra<span class=\"_ _0\"></span>te <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs and may be de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d as fair valu<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ges or ca<span class=\"_ _0\"></span>sh flow he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s as appro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. If the sw<span class=\"_ _0\"></span>aps are not desi<span class=\"_ _0\"></span>gnat<span class=\"_ _0\"></span>ed as fai<span class=\"_ _0\"></span>r value<span class=\"_ _0\"></span> or cash fl<span class=\"_ _0\"></span>ow hed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>, the e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omic ef<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t is inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in the under<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing result<span class=\"_ _0\"></span>s \u2013 see note 2<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>C<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fa<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> he<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> st<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fa<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> value chang<span class=\"_ _0\"></span>es of ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve cash flow hed<span class=\"_ _0\"></span>ge deri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves are recognise<span class=\"_ _0\"></span>d in OCI and subse<span class=\"_ _0\"></span>quent<span class=\"_ _0\"></span>ly recycle<span class=\"_ _0\"></span>d to the income st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt in the<span class=\"_ _351\"> </span>s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _b\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>fl<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>f<span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>A<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>H<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> or<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> so<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> lo<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>At <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow <span class=\"_ _0\"></span>hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>if <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>remain<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>any <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>t cu<span class=\"_ _0\"></span>mula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>gain <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r l<span class=\"_ _0\"></span>oss <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>the<span class=\"_ _0\"></span> hedging inst<span class=\"_ _0\"></span>rument recognised in SOCIE is retained until the forecast transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n occurs. If a hedged transac<span class=\"_ _0\"></span>tion is no longer expec<span class=\"_ _0\"></span>ted<span class=\"_ _351\"> </span>to occur, <span class=\"_ _3\"></span>the ne<span class=\"_ _0\"></span>t cumula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve gain or loss is rec<span class=\"_ _0\"></span>ycle<span class=\"_ _0\"></span>d to the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Financial <span class=\"_ _3\"></span>instrumen<span class=\"_ _3\"></span>ts \u2013 R<span class=\"_ _3\"></span>eplacement of <span class=\"_ _3\"></span>benchmark inter<span class=\"_ _f\"></span>est ra<span class=\"_ _3\"></span>tes<span class=\"_ _351\"> </span>In<span class=\"_ _0\"></span> Aug<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> Pha<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e 2 of IB<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> ref<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span> wa<span class=\"_ _0\"></span>s pub<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> ef<span class=\"_ _2\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span> 1 <span class=\"_ _3\"></span>J<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>. Th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>dm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s ad<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> iss<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> implementation of <span class=\"_ _0\"></span>the reforms <span class=\"_ _0\"></span>including<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>replacement of o<span class=\"_ _0\"></span>ne benchmark <span class=\"_ _0\"></span>with <span class=\"_ _0\"></span>an alternative one. <span class=\"_ _0\"></span>The <span class=\"_ _0\"></span>Phase 2 <span class=\"_ _0\"></span>amendments <span class=\"_ _0\"></span>provide<span class=\"_ _351\"> </span>add<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ief<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>from <span class=\"_ _2\"></span>app<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9 <span class=\"_ _0\"></span><span class=\"ffbe ls72 wsa0\">Financial <span class=\"_ _0\"></span>Inst<span class=\"_ _0\"></span>ruments: <span class=\"_ _0\"></span>Recognition <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>Measurement</span><span class=\"ls181 ws1b3\"> an<span class=\"_ _f\"></span>d<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>IF<span class=\"_ _f\"></span>RS<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>9<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>he<span class=\"_ _f\"></span>dg<span class=\"_ _f\"></span>e <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></span>acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing requi<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts to he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g relat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>nship<span class=\"_ _0\"></span>s direc<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y af<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed by IBO<span class=\"_ _0\"></span>R refo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>A<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>L<span class=\"_ _2\"></span>I<span class=\"_ _2\"></span>B<span class=\"_ _2\"></span>O<span class=\"_ _2\"></span>R<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>U<span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>D<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>L<span class=\"_ _2\"></span>I<span class=\"_ _2\"></span>B<span class=\"_ _b\"></span>O<span class=\"_ _0\"></span>R<span class=\"_ _b\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _b\"></span> t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> ce<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> un<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> re<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span> fin<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is in progres<span class=\"_ _0\"></span>s at the bal<span class=\"_ _0\"></span>ance she<span class=\"_ _0\"></span>et dat<span class=\"_ _0\"></span>e.<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span><div class=\"t m0 h15 ffba fsc fc1 sc0 lsdb ws7f\" style=\"left:176.1738px; bottom:1041.6749px;\">NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:942.5984px;\">Business <span class=\"_ _3\"></span>combinations <span class=\"_ _3\"></span>and goodwill<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:927.59204px;\">Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d repre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he exc<span class=\"_ _0\"></span>ess o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on over <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>fai<span class=\"_ _0\"></span>r valu<span class=\"_ _0\"></span>e to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e net <span class=\"_ _0\"></span>of<span class=\"_ _351\"> </span> </div><div class=\"t m698 h1a ffbd fse fc2 sc0 ls80 wsae\" style=\"bottom:912.59204px;\">the <span class=\"_ _2\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>able <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>acq<span class=\"_ _0\"></span>uired <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>O<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ransi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>1 <span class=\"_ _2\"></span>Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>busi<span class=\"_ _0\"></span>ness <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>were <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls98 wsc5\" style=\"bottom:897.59204px;\">not<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>ret<span class=\"_ _3\"></span>ros<span class=\"_ _3\"></span>pective<span class=\"_ _3\"></span>ly ad<span class=\"_ _3\"></span>jus<span class=\"_ _3\"></span>ted t<span class=\"_ _3\"></span>o co<span class=\"_ _3\"></span>mply<span class=\"_ _3\"></span> with<span class=\"_ _3\"></span> UK-<span class=\"_ _3\"></span>adop<span class=\"_ _3\"></span>ted I<span class=\"_ _3\"></span>nter<span class=\"_ _3\"></span>nati<span class=\"_ _3\"></span>onal<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>Acc<span class=\"_ _3\"></span>oun<span class=\"_ _3\"></span>ting<span class=\"_ _3\"></span> Stand<span class=\"_ _3\"></span>ard<span class=\"_ _3\"></span>s an<span class=\"_ _3\"></span>d goodw<span class=\"_ _3\"></span>ill<span class=\"_ _3\"></span> was<span class=\"_ _3\"></span> recog<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span>sed ba<span class=\"_ _3\"></span>sed on<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>the<span class=\"_ _351\"> </span> </div><div class=\"t m35e h1a ffbd fse fc2 sc0 ls6b wsc0\" style=\"bottom:882.5921px;\">car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lue <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>der <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>us <span class=\"_ _0\"></span>acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icies<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will<span class=\"_ _2\"></span>, i<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>acqu<span class=\"_ _0\"></span>isit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y, is <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span> <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m1bf h1a ffbd fse fc2 sc0 ls80 wsc0\" style=\"bottom:867.5921px;\">int<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. G<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>aris<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>cqui<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>join<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"bottom:852.5921px;\">inve<span class=\"_ _3\"></span>stment<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:821.0921px;\">Customer r<span class=\"_ _f\"></span>elationships<span class=\"_ _351\"> </span></div><div class=\"t m699 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:806.0921px;\">The <span class=\"_ _2\"></span>fai<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hips <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sult <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ombi<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>rela<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>acqui<span class=\"_ _0\"></span>red <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>blis<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:791.0921px;\">rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onshi<span class=\"_ _0\"></span>ps <span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>n rep<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>loya<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>y. A<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>rged <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>trai<span class=\"_ _0\"></span>ght-lin<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:776.0921px;\">basi<span class=\"_ _0\"></span>s over its use<span class=\"_ _0\"></span>ful ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic life<span class=\"_ _0\"></span>, up to a <span class=\"_ _3\"></span>ma<span class=\"_ _0\"></span>ximu<span class=\"_ _0\"></span>m of 15 years<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:744.5921px;\">Certification <span class=\"_ _3\"></span>costs<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"bottom:729.5921px;\">Costs <span class=\"_ _0\"></span>incurred, in respect of mee<span class=\"_ _0\"></span>ting regulatory <span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>tification <span class=\"_ _0\"></span>requir<span class=\"_ _3\"></span>ements for new <span class=\"_ _0\"></span>Civil Aerospace aero-engine/<span class=\"_ _f\"></span>aircraft combinations,<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:714.5921px;\">inclu<span class=\"_ _0\"></span>ding payme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s made <span class=\"_ _3\"></span>to air<span class=\"_ _0\"></span>fram<span class=\"_ _0\"></span>e manufac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urers for this, are <span class=\"_ _3\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as <span class=\"_ _3\"></span>int<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ible asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>to the <span class=\"_ _3\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>at they <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>an be <span class=\"_ _3\"></span>recove<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:699.5921px;\">out <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>fut<span class=\"_ _0\"></span>ure <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>hey <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>harge<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>inco<span class=\"_ _0\"></span>me <span class=\"_ _3\"></span>st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment over <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mme <span class=\"_ _3\"></span>life<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>I<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ual <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>are <span class=\"_ _3\"></span>all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>ro <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a<span class=\"_ _351\"> </span> </div><div class=\"t m69a h1a ffbd fse fc2 sc0 ls77 wsa5\" style=\"bottom:684.5921px;\">to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>numb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>uni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>be <span class=\"_ _2\"></span>prod<span class=\"_ _0\"></span>uce<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>Am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>comm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ces <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ach <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nit <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>vered <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>15<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>year<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:669.5921px;\">st<span class=\"_ _0\"></span>rai<span class=\"_ _0\"></span>ght-line ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:638.0921px;\">Resear<span class=\"_ _f\"></span>ch and de<span class=\"_ _3\"></span>velopmen<span class=\"_ _3\"></span>t<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls16f ws19e\" style=\"bottom:623.0921px;\">E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re in<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> on res<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is<span class=\"_ _0\"></span> dis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span> rel<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> eit<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r to<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h ph<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e or<span class=\"_ _0\"></span> to a <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> pha<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span> </div><div class=\"t m41a h1a ffbd fse fc2 sc0 ls3 ws3\" style=\"bottom:608.0921px;\">researc<span class=\"_ _3\"></span>h <span class=\"_ _0\"></span>phase <span class=\"_ _2\"></span>expenditure <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>charged <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>the <span class=\"_ _2\"></span>income <span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>atement. <span class=\"_ _0\"></span>Development <span class=\"_ _0\"></span>expenditure <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>recognised <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>internally <span class=\"_ _0\"></span>generated<span class=\"_ _351\"> </span> </div><div class=\"t m28f h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"bottom:593.0921px;\">inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>(p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>amme <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>) <span class=\"_ _2\"></span>only <span class=\"_ _2\"></span>if <span class=\"_ _2\"></span>it <span class=\"_ _2\"></span>me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>cri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ting <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>chni<span class=\"_ _0\"></span>cal <span class=\"_ _2\"></span>fea<span class=\"_ _0\"></span>sibil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>fut<span class=\"_ _0\"></span>ure<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:578.0921px;\">eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. Mo<span class=\"_ _0\"></span>re spe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>ly, develop<span class=\"_ _0\"></span>ment cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are capit<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d from the po<span class=\"_ _0\"></span>int at which the fol<span class=\"_ _0\"></span>lowi<span class=\"_ _0\"></span>ng cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ions have be<span class=\"_ _0\"></span>en met<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:555.5921px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m5d3 h1a ffbd fse fc2 sc0 ls83 wsb1\" style=\"left:13.294952px; bottom:555.5921px;\">the <span class=\"_ _3\"></span>techn<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>fea<span class=\"_ _0\"></span>sibil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mme <span class=\"_ _f\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>inte<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>on <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _f\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>(avail<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>of <span class=\"_ _f\"></span>te<span class=\"_ _0\"></span>chnic<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>reso<span class=\"_ _0\"></span>urces)<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:540.5921px;\">to compl<span class=\"_ _0\"></span>ete th<span class=\"_ _0\"></span>e progra<span class=\"_ _0\"></span>mme ass<span class=\"_ _0\"></span>et and use or se<span class=\"_ _0\"></span>ll it<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:518.0921px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">th<span class=\"_ _0\"></span>e probab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y that fut<span class=\"_ _0\"></span>ure eco<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts wil<span class=\"_ _0\"></span>l flow from the pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mme ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:495.5921px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">th<span class=\"_ _0\"></span>e abilit<span class=\"_ _2\"></span>y to measure reliab<span class=\"_ _0\"></span>ly th<span class=\"_ _0\"></span>e expen<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble to the pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mme ass<span class=\"_ _0\"></span>et durin<span class=\"_ _0\"></span>g its de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></div><div class=\"t m69b h1a ffbd fse fc2 sc0 ls1e7 ws223\" style=\"bottom:465.5921px;\">C<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>ta<span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>sa<span class=\"_ _f\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>th<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>po<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>w<span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _f\"></span>h th<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>pr<span class=\"_ _32\"></span>og<span class=\"_ _f\"></span>ra<span class=\"_ _f\"></span>m<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>et<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>ee<span class=\"_ _f\"></span>ts<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>it<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>or<span class=\"_ _f\"></span>ig<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>y<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ct<span class=\"_ _f\"></span>ed<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>pe<span class=\"_ _f\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>fic<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>(<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>fi<span class=\"_ _3\"></span>ne<span class=\"_ _f\"></span>d<span class=\"_ _3\"></span> <span class=\"_ _0\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:450.5921px;\">inter<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ly as the po<span class=\"_ _0\"></span>int at which the ass<span class=\"_ _0\"></span>et is cap<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e of oper<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng in the manne<span class=\"_ _0\"></span>r intend<span class=\"_ _0\"></span>ed by the Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors).<span class=\"_ _351\"> </span></div><div class=\"t m69c h1a ffbd fse fc2 sc0 ls89 wsb6\" style=\"bottom:420.5921px;\">S<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _b\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:405.5921px;\">eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t to <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>. All othe<span class=\"_ _0\"></span>r subse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt expe<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ure on progra<span class=\"_ _0\"></span>mme ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s is expens<span class=\"_ _0\"></span>ed as incur<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:375.5921px;\">Indi<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>dual <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>gram<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re al<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>cate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>pro <span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>a to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>numb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>unit<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s as <span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ch<span class=\"_ _351\"> </span> </div><div class=\"t m3b3 h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"bottom:360.59207px;\">unit <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>eli<span class=\"_ _0\"></span>vere<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hen <span class=\"_ _2\"></span>charg<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rai<span class=\"_ _0\"></span>ght-line <span class=\"_ _2\"></span>bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>cord<span class=\"_ _0\"></span>ance <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>IA<span class=\"_ _0\"></span>S <span class=\"_ _2\"></span>38 <span class=\"_ _2\"></span><span class=\"ffbe ls6e ws9b\">Intangibl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>As<span class=\"_ _0\"></span>sets</span>, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>bas<span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:345.59207px;\">pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d is asses<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d annuall<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:291.85623px;\">Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Determination of the point <span class=\"_ _3\"></span>in time <span class=\"_ _3\"></span>when costs incurr<span class=\"_ _3\"></span>ed on an <span class=\"_ _3\"></span>internal pr<span class=\"_ _3\"></span>ogramme de<span class=\"_ _3\"></span>velopment meet the <span class=\"_ _3\"></span>criteria for<span class=\"_ _351\"> </span> </div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:276.85623px;\">capitalisation<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b wsa1\" style=\"left:13.294952px; bottom:261.85623px;\">The Group incurs significant research and development expenditure in respec<span class=\"_ _0\"></span>t of <span class=\"_ _0\"></span>various development programmes. <span class=\"_ _0\"></span>Determining<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"left:13.294952px; bottom:246.85623px;\">when <span class=\"_ _3\"></span>capitalisation s<span class=\"_ _3\"></span>hould <span class=\"_ _3\"></span>commence <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>cease <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>key <span class=\"_ _f\"></span>judgement, as <span class=\"_ _f\"></span>is the<span class=\"_ _3\"></span> determi<span class=\"_ _3\"></span>nation of<span class=\"_ _3\"></span> when<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>ubsequent <span class=\"_ _3\"></span>expenditure <span class=\"_ _f\"></span>on the<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:231.85623px;\">pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts sh<span class=\"_ _0\"></span>ould b<span class=\"_ _0\"></span>e capi<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. Durin<span class=\"_ _0\"></span>g the year, <span class=\"_ _3\"></span>\u00a3<span class=\"_ _0\"></span>131m of deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt expe<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ure was cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m213 h1a ffbd fse fc2 sc0 ls16a ws195\" style=\"left:13.294952px; bottom:209.35623px;\">W<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> In<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>L<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>P<span class=\"_ _2\"></span>I<span class=\"_ _0\"></span>L<span class=\"_ _2\"></span>M<span class=\"_ _0\"></span>)<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>W<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"left:13.294952px; bottom:194.35623px;\">the t<span class=\"_ _3\"></span>echnical <span class=\"_ _3\"></span>feasibility<span class=\"_ _3\"></span>, the <span class=\"_ _3\"></span>commerc<span class=\"_ _3\"></span>ial viabi<span class=\"_ _3\"></span>lit<span class=\"_ _0\"></span>y a<span class=\"_ _3\"></span>nd financ<span class=\"_ _3\"></span>ial assessmen<span class=\"_ _3\"></span>t of<span class=\"_ _3\"></span> the <span class=\"_ _3\"></span>programme <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>assessed at <span class=\"_ _f\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain <span class=\"_ _3\"></span>milestones. When<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:179.35623px;\">the<span class=\"_ _0\"></span>se are met<span class=\"_ _0\"></span>, devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ment exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure is capit<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d. Pr<span class=\"_ _0\"></span>ior to this<span class=\"_ _0\"></span>, exp<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>re is expens<span class=\"_ _0\"></span>ed as incu<span class=\"_ _0\"></span>rred<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"left:13.294952px; bottom:156.85623px;\">The <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>s to <span class=\"_ _0\"></span>inves<span class=\"_ _0\"></span>t in <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>w te<span class=\"_ _0\"></span>chno<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>gies <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>a res<span class=\"_ _0\"></span>ult o<span class=\"_ _0\"></span>f i<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>onis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>w te<span class=\"_ _0\"></span>chno<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>gies<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> </div><div class=\"t m445 h1a ffbd fse fc2 sc0 ls63 ws90\" style=\"left:13.294952px; bottom:141.85623px;\">the<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r <span class=\"_ _2\"></span>level <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>un<span class=\"_ _0\"></span>cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ial <span class=\"_ _2\"></span>ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d, <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>eref<span class=\"_ _0\"></span>ore, <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>his <span class=\"_ _2\"></span>cou<span class=\"_ _0\"></span>ld <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>le<span class=\"_ _0\"></span>vel <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>is<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:126.85623px;\">cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>ed or reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt in future year<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"left:13.294952px; bottom:104.35623px;\">Subsequent expenditure after entr<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>into serv<span class=\"_ _0\"></span>ice which enhances<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>the pe<span class=\"_ _0\"></span>rformance of <span class=\"_ _0\"></span>the engine and the <span class=\"_ _0\"></span>economic benefi<span class=\"_ _0\"></span>ts to t<span class=\"_ _0\"></span>he<span class=\"_ _351\"> </span> </div><div class=\"t m625 h1a ffbd fse fc2 sc0 ls69 ws195\" style=\"left:13.294952px; bottom:89.35623px;\">G<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> en<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>P<span class=\"_ _2\"></span>I<span class=\"_ _2\"></span>L<span class=\"_ _2\"></span>M<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:74.35623px;\">All ot<span class=\"_ _0\"></span>her deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cost<span class=\"_ _0\"></span>s are expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>d as incurre<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:47.60823px;\">Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Determination of the basi<span class=\"_ _3\"></span>s for amortising <span class=\"_ _3\"></span>capitalised dev<span class=\"_ _3\"></span>elopment costs<span class=\"_ _351\"> </span></div><div class=\"t m175 h1a ffbd fse fc2 sc0 ls77 wsa5\" style=\"left:13.294952px; bottom:32.60417px;\">The <span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>cono<span class=\"_ _0\"></span>mic <span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>rima<span class=\"_ _0\"></span>rily <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>flow<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>from <span class=\"_ _2\"></span>L<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>SA<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>be <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:17.604172px;\">rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vely <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tent <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>each <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>in a <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>rai<span class=\"_ _0\"></span>ght-line <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:2.6041718px;\">over the es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of opera<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the eng<span class=\"_ _0\"></span>ine by its ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l oper<span class=\"_ _0\"></span>ator.<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:973.7645px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>Softwar<span class=\"_ _3\"></span>e<span class=\"_ _351\"> </span>Software<span class=\"_ _3\"></span> that<span class=\"_ _3\"></span> is no<span class=\"_ _3\"></span>t spec<span class=\"_ _3\"></span>ific t<span class=\"_ _3\"></span>o an<span class=\"_ _3\"></span> item<span class=\"_ _3\"></span> of pr<span class=\"_ _3\"></span>operty,<span class=\"_ _3\"></span> plant<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>and<span class=\"_ _3\"></span> equi<span class=\"_ _3\"></span>pment<span class=\"_ _3\"></span> is c<span class=\"_ _3\"></span>lassi<span class=\"_ _3\"></span>fied as<span class=\"_ _3\"></span> an in<span class=\"_ _3\"></span>tang<span class=\"_ _3\"></span>ible<span class=\"_ _3\"></span> asset, r<span class=\"_ _3\"></span>ecogn<span class=\"_ _3\"></span>ised<span class=\"_ _3\"></span> at its<span class=\"_ _3\"></span> acqu<span class=\"_ _3\"></span>isiti<span class=\"_ _3\"></span>on<span class=\"_ _351\"> </span>cost and<span class=\"_ _3\"></span> amor<span class=\"_ _0\"></span>tised on a<span class=\"_ _3\"></span> straight<span class=\"_ _f\"></span>-line basis <span class=\"_ _3\"></span>over its <span class=\"_ _3\"></span>useful economi<span class=\"_ _3\"></span>c life. The<span class=\"_ _3\"></span> amortisation period of software assets is<span class=\"_ _3\"></span> reviewed<span class=\"_ _3\"></span> annually<span class=\"_ _f\"></span>.<span class=\"_ _351\"> </span>In<span class=\"_ _0\"></span> 20<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f fiv<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> to a <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> of te<span class=\"_ _0\"></span>n ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> to re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> of<span class=\"_ _3\"></span> the<span class=\"_ _3\"></span> asse<span class=\"_ _3\"></span>ts. Th<span class=\"_ _3\"></span>e ch<span class=\"_ _f\"></span>ange<span class=\"_ _3\"></span> has<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>been<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>acc<span class=\"_ _3\"></span>ou<span class=\"_ _3\"></span>nt<span class=\"_ _3\"></span>ed f<span class=\"_ _3\"></span>or a<span class=\"_ _3\"></span>s a c<span class=\"_ _3\"></span>han<span class=\"_ _3\"></span>ge<span class=\"_ _3\"></span> in a<span class=\"_ _3\"></span>cco<span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>tin<span class=\"_ _3\"></span>g est<span class=\"_ _3\"></span>im<span class=\"_ _3\"></span>ate<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>d ha<span class=\"_ _3\"></span>s im<span class=\"_ _3\"></span>pac<span class=\"_ _3\"></span>ted<span class=\"_ _3\"></span> a li<span class=\"_ _3\"></span>mi<span class=\"_ _3\"></span>ted<span class=\"_ _3\"></span> amo<span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>t of<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>ets<span class=\"_ _3\"></span> with<span class=\"_ _351\"> </span>an <span class=\"_ _0\"></span>imm<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>ial <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>yea<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>lly <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>abo<span class=\"_ _0\"></span>ur <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span> prop<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tio<span class=\"_ _0\"></span>n of overhe<span class=\"_ _0\"></span>ads<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Other in<span class=\"_ _3\"></span>tangible as<span class=\"_ _f\"></span>sets<span class=\"_ _351\"> </span>The<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ncip<span class=\"_ _0\"></span>ally <span class=\"_ _2\"></span>incl<span class=\"_ _0\"></span>ude <span class=\"_ _2\"></span>int<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>chno<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>gy, <span class=\"_ _0\"></span>pate<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>are <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on a strai<span class=\"_ _0\"></span>ght-line ba<span class=\"_ _0\"></span>sis over a maxi<span class=\"_ _0\"></span>mum of 15 years<span class=\"_ _0\"></span>, and tr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ks whi<span class=\"_ _0\"></span>ch are not amor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Pr<span class=\"_ _3\"></span>opert<span class=\"_ _0\"></span>y<span class=\"_ _32\"></span>, plan<span class=\"_ _3\"></span>t and equipment<span class=\"_ _351\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ess <span class=\"_ _2\"></span>accumu<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>any <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>. <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>The c<span class=\"_ _3\"></span>ost of<span class=\"_ _3\"></span> self<span class=\"_ _3\"></span>-constructed<span class=\"_ _3\"></span> assets<span class=\"_ _3\"></span> inclu<span class=\"_ _3\"></span>des the<span class=\"_ _3\"></span> cost<span class=\"_ _3\"></span> of mat<span class=\"_ _3\"></span>erials, d<span class=\"_ _3\"></span>irect<span class=\"_ _3\"></span> labour a<span class=\"_ _3\"></span>nd an<span class=\"_ _3\"></span> appro<span class=\"_ _3\"></span>priate<span class=\"_ _3\"></span> proportion<span class=\"_ _3\"></span> of ov<span class=\"_ _3\"></span>erhead<span class=\"_ _3\"></span>s and,<span class=\"_ _3\"></span> wher<span class=\"_ _3\"></span>e<span class=\"_ _351\"> </span>app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riate<span class=\"_ _0\"></span>, interes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Depreciatio<span class=\"_ _0\"></span>n is pr<span class=\"_ _3\"></span>ovided on a straight<span class=\"_ _3\"></span>-line basis to write off the cost<span class=\"_ _0\"></span>, less the estimated resid<span class=\"_ _3\"></span>ual value, of propert<span class=\"_ _0\"></span>y, plant <span class=\"_ _3\"></span>and equipment<span class=\"_ _351\"> </span>over <span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>ir <span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted <span class=\"_ _3\"></span>us<span class=\"_ _0\"></span>eful lives<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>N<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>cour<span class=\"_ _0\"></span>se <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>cons<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n. <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>use<span class=\"_ _0\"></span>ful <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>ves <span class=\"_ _3\"></span>are <span class=\"_ _3\"></span>reass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> annual<span class=\"_ _0\"></span>ly and are as foll<span class=\"_ _0\"></span>ows<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws9a\">L<span class=\"_ _0\"></span>and and buil<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s, as adv<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d by the Group\u2019s profes<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>nal adv<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>rs:<span class=\"_ _351\"> </span></span>\u2022<span class=\"_ _3e\"> </span><span class=\"ffbd ls5c ws8a\">fre<span class=\"_ _0\"></span>eho<span class=\"_ _0\"></span>ld buil<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s \u2013 five to <span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>0 years (averag<span class=\"_ _0\"></span>e 23 years)<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span>\u2022<span class=\"_ _3e\"> </span><span class=\"ffbd ls5c ws8a\">no dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on is provi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d on freeho<span class=\"_ _0\"></span>ld la<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">Pl<span class=\"_ _0\"></span>ant and equi<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt \u2013 two to 27 year<span class=\"_ _0\"></span>s (average 11 year<span class=\"_ _0\"></span>s).<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">Aircr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>t and eng<span class=\"_ _0\"></span>ines \u2013 five to 20 years (avera<span class=\"_ _0\"></span>ge 16 yea<span class=\"_ _0\"></span>rs).<span class=\"_ _351\"> </span></span>Leases<span class=\"_ _351\"> </span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts an<span class=\"_ _0\"></span>d liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies ari<span class=\"_ _0\"></span>sing from a leas<span class=\"_ _0\"></span>e are initi<span class=\"_ _0\"></span>ally me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d on a present valu<span class=\"_ _0\"></span>e basis<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Leas<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>e the net pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e of the foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">fixe<span class=\"_ _0\"></span>d payme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s less any leas<span class=\"_ _0\"></span>e incen<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e receiv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e;<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">var<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>le leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s that are bas<span class=\"_ _0\"></span>ed on an index or a rate;<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws9a\">amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed to be payab<span class=\"_ _0\"></span>le by the Group unde<span class=\"_ _0\"></span>r residual valu<span class=\"_ _0\"></span>e guarant<span class=\"_ _0\"></span>ees<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws9a\">th<span class=\"_ _0\"></span>e exercise pric<span class=\"_ _0\"></span>e of a <span class=\"_ _3\"></span>purcha<span class=\"_ _0\"></span>se opt<span class=\"_ _0\"></span>ion if the Gro<span class=\"_ _0\"></span>up is reasona<span class=\"_ _0\"></span>bly ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in to exercise that opt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws9a\">pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s of pena<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ies for ter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of the lease<span class=\"_ _0\"></span>, if the lease ter<span class=\"_ _0\"></span>m refle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s the Gro<span class=\"_ _0\"></span>up exercising th<span class=\"_ _0\"></span>at opt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>Whe<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>comm<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _3\"></span>16 <span class=\"ffbe ls92 wsbf\">Leases</span><span class=\"lsc1 wsee\"> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> le<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> pa<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> </span>in the lease<span class=\"_ _0\"></span>. If that rate cannot be dete<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the Group<span class=\"_ _0\"></span>\u2019s <span class=\"_ _3\"></span>incre<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>al bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ng rate is <span class=\"_ _3\"></span>us<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, being the rate tha<span class=\"_ _0\"></span>t the Group would have<span class=\"_ _351\"> </span>to <span class=\"_ _2\"></span>pay <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>orro<span class=\"_ _0\"></span>w <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>fu<span class=\"_ _0\"></span>nds <span class=\"_ _2\"></span>ne<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ssa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>ob<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>mila<span class=\"_ _0\"></span>r <span class=\"_ _2\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>simil<span class=\"_ _0\"></span>ar <span class=\"_ _2\"></span>ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic <span class=\"_ _2\"></span>env<span class=\"_ _0\"></span>ironm<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>simi<span class=\"_ _0\"></span>lar <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riat<span class=\"_ _0\"></span>e, leas<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are revalued at eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g date usin<span class=\"_ _0\"></span>g the spot exchan<span class=\"_ _0\"></span>ge rate<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The Group did not <span class=\"_ _3\"></span>ad<span class=\"_ _0\"></span>opt the amendm<span class=\"_ _0\"></span>ent to <span class=\"_ _3\"></span>IF<span class=\"_ _0\"></span>RS 16 <span class=\"ffbe ls92 wsbf\">Leases</span><span class=\"lsc9 wsf5\">,<span class=\"_ _0\"></span> ef<span class=\"_ _2\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span> in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>, whi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h pro<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s a pra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to not<span class=\"_ _0\"></span> tre<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span> COV<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>D<span class=\"_ _2\"></span>-1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span> </span>rent conc<span class=\"_ _0\"></span>essi<span class=\"_ _0\"></span>ons as lea<span class=\"_ _0\"></span>se mo<span class=\"_ _0\"></span>difi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Right-o<span class=\"_ _0\"></span>f-use as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are meas<span class=\"_ _0\"></span>ured at cos<span class=\"_ _0\"></span>t compr<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g the foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g:<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">th<span class=\"_ _0\"></span>e amount of the ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l measure<span class=\"_ _0\"></span>ment of lea<span class=\"_ _0\"></span>se liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or a r<span class=\"_ _3\"></span>eva<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">any leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s made at or bef<span class=\"_ _0\"></span>ore the com<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ent date les<span class=\"_ _0\"></span>s any lease ince<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ves rece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d;<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">any init<span class=\"_ _0\"></span>ial direc<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s; and<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">rest<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cost<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>Ea<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>rig<span class=\"_ _0\"></span>ht-of-us<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>over <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>use<span class=\"_ _0\"></span>ful <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omic <span class=\"_ _2\"></span>life <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>erm <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aight-lin<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sis <span class=\"_ _0\"></span>unl<span class=\"_ _0\"></span>ess <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span> leas<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>nsf<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>own<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>hip <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>whic<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>use<span class=\"_ _0\"></span>ful life of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-term <span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>ses <span class=\"_ _0\"></span>are le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th <span class=\"_ _0\"></span>a le<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m of <span class=\"_ _0\"></span>12 m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hs o<span class=\"_ _0\"></span>r l<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. P<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>h sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t-ter<span class=\"_ _0\"></span>m le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d low<span class=\"_ _0\"></span>-v<span class=\"_ _0\"></span>alue <span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>ses <span class=\"_ _0\"></span>are<span class=\"_ _351\"> </span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on a str<span class=\"_ _0\"></span>aigh<span class=\"_ _0\"></span>t-line basi<span class=\"_ _0\"></span>s as an expens<span class=\"_ _0\"></span>e in the incom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Determination of lease term<span class=\"_ _351\"> </span>In <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rmini<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>lea<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>term<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>rcumst<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ces <span class=\"_ _2\"></span>that <span class=\"_ _2\"></span>creat<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic <span class=\"_ _2\"></span>ince<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>exerci<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span>ex<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n op<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>, or<span class=\"_ _0\"></span> not<span class=\"_ _0\"></span> exe<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e a te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n op<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n op<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s (o<span class=\"_ _0\"></span>r p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>ds<span class=\"_ _0\"></span> af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n) ar<span class=\"_ _0\"></span>e on<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> term if <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e lease is <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>aso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>ly cer<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in to <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e exten<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d (<span class=\"_ _3\"></span>or not <span class=\"_ _3\"></span>te<span class=\"_ _0\"></span>rmina<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>). Cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain land and building lease<span class=\"_ _0\"></span>s have <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>new<span class=\"_ _0\"></span>al optio<span class=\"_ _0\"></span>ns with<span class=\"_ _351\"> </span>renew<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>dates <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nly <span class=\"_ _2\"></span>spre<span class=\"_ _0\"></span>ad <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>\u201320<span class=\"_ _0\"></span>28 <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>41<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>ws <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>leas<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rms <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nnual<span class=\"_ _0\"></span>ly, in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>site<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ere <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>for <span class=\"_ _2\"></span>manuf<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g<span class=\"_ _351\"> </span>activities.<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>estimates \u2013 <span class=\"_ _3\"></span>Estimates of the <span class=\"_ _3\"></span>payments r<span class=\"_ _3\"></span>equired to meet r<span class=\"_ _3\"></span>esidual va<span class=\"_ _3\"></span>lue guar<span class=\"_ _3\"></span>antees at the <span class=\"_ _3\"></span>end of engine <span class=\"_ _3\"></span>leases<span class=\"_ _351\"> </span>E<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> Ae<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> bu<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> of<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> sp<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span> level<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>usa<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>li<span class=\"_ _0\"></span>fe <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>main<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _2\"></span>paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>les<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>requi<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. The amount<span class=\"_ _0\"></span>s payabl<span class=\"_ _0\"></span>e are <span class=\"_ _3\"></span>cal<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>ted bas<span class=\"_ _0\"></span>ed upon an esti<span class=\"_ _0\"></span>mate of the utilis<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of the engines over the lease term<span class=\"_ _0\"></span>, whet<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> the <span class=\"_ _2\"></span>eng<span class=\"_ _0\"></span>ine <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>resto<span class=\"_ _0\"></span>red <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>requ<span class=\"_ _0\"></span>ired <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>by <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rming <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>over<span class=\"_ _0\"></span>haul <span class=\"_ _2\"></span>at <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ur <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wn <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hrough <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>A<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>l<span class=\"_ _0\"></span>evel <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>uti<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>the engines<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>over<span class=\"_ _0\"></span>haul <span class=\"_ _3\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _2\"></span>y <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>end <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>cisio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span>take<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>w<span class=\"_ _0\"></span>het<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> on<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>oi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> acc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s to th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is<span class=\"_ _0\"></span> requ<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> at the<span class=\"_ _0\"></span> end<span class=\"_ _0\"></span> of the<span class=\"_ _0\"></span> lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. Du<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> year, adju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s to ret<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span> at the<span class=\"_ _0\"></span> end of<span class=\"_ _0\"></span> leas<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>result<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>cre<span class=\"_ _0\"></span>dit of <span class=\"_ _f\"></span><span class=\"ls60 ws8d\">\u00a34m<span class=\"lsc1 wsee\"> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> at<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>D<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _b\"></span>2 <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00a3<span class=\"_ _0\"></span>4<span class=\"_ _b\"></span>3<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> </span></span>of <span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>ese residual <span class=\"_ _3\"></span>val<span class=\"_ _0\"></span>ue <span class=\"_ _3\"></span>gua<span class=\"_ _0\"></span>rante<span class=\"_ _0\"></span>es in <span class=\"_ _f\"></span>the Civil <span class=\"_ _3\"></span>Ae<span class=\"_ _0\"></span>rospa<span class=\"_ _0\"></span>ce <span class=\"_ _3\"></span>bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Up <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>\u00a3<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>4m is <span class=\"_ _f\"></span>paya<span class=\"_ _0\"></span>ble in <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>12 months<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>75<span class=\"_ _0\"></span>m <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>due<span class=\"_ _351\"> </span>over the fol<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>ing four year<span class=\"_ _0\"></span>s and the remai<span class=\"_ _0\"></span>ning bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce af<span class=\"_ _0\"></span>ter five year<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Impairment <span class=\"_ _3\"></span>of non-curr<span class=\"_ _3\"></span>ent a<span class=\"_ _3\"></span>ssets<span class=\"_ _351\"> </span>Impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent of <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent asse<span class=\"_ _0\"></span>ts is consid<span class=\"_ _0\"></span>ered in accordan<span class=\"_ _0\"></span>ce with IA<span class=\"_ _0\"></span>S 36 <span class=\"ffbe ls79 wsa8\">Imp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt of<span class=\"_ _0\"></span> As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s</span><span class=\"ls6b ws98\">. Where <span class=\"_ _f\"></span>the asset <span class=\"_ _f\"></span>do<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>not <span class=\"_ _3\"></span>generate <span class=\"_ _3\"></span>cash<span class=\"_ _351\"> </span></span>flow<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>that <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh-<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>uni<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>(CG<span class=\"_ _0\"></span>U) <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will<span class=\"_ _2\"></span>, i<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>fini<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>life <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>yet <span class=\"_ _0\"></span>avai<span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>use <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>annua<span class=\"_ _0\"></span>lly. O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> intangible assets <span class=\"_ _0\"></span>(includi<span class=\"_ _3\"></span>ng <span class=\"_ _0\"></span>programme-related intangible asset<span class=\"_ _0\"></span>s),<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, pl<span class=\"_ _0\"></span>ant and e<span class=\"_ _0\"></span>quipment<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>and investments <span class=\"_ _0\"></span>are assessed <span class=\"_ _0\"></span>for any<span class=\"_ _351\"> </span>indic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>annu<span class=\"_ _0\"></span>ally. <span class=\"_ _2\"></span>If <span class=\"_ _2\"></span>any <span class=\"_ _2\"></span>ind<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>dent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>te<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>recoverable amoun<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>If <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set <span class=\"_ _0\"></span>(o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>CG<span class=\"_ _0\"></span>U) <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>low <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ue, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ue <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>amou<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>highe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>ir<span class=\"_ _351\"> </span>valu<span class=\"_ _0\"></span>e le<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>if <span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>s is <span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>dily <span class=\"_ _0\"></span>ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e in <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e of <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>flow<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>a p<span class=\"_ _0\"></span>re-<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>disc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span> rate <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t refl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lue <span class=\"_ _0\"></span>of m<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>sk s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c to <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set <span class=\"_ _0\"></span>(or C<span class=\"_ _0\"></span>GU<span class=\"_ _0\"></span>). Fair <span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ue l<span class=\"_ _0\"></span>ess <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of <span class=\"_ _0\"></span>disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>LCOD) re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>marke<span class=\"_ _0\"></span>t inp<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s or <span class=\"_ _0\"></span>inpu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on m<span class=\"_ _0\"></span>arke<span class=\"_ _0\"></span>t ev<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nce i<span class=\"_ _0\"></span>f rea<span class=\"_ _0\"></span>dily <span class=\"_ _0\"></span>avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e. <span class=\"_ _0\"></span>If t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e inp<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re not <span class=\"_ _0\"></span>readil<span class=\"_ _0\"></span>y ava<span class=\"_ _0\"></span>ila<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue <span class=\"_ _0\"></span>is es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> by <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>difi<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>marke<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ews<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>rele<span class=\"_ _0\"></span>vant <span class=\"_ _2\"></span>loc<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>tor<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>in <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>cal<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pos<span class=\"_ _0\"></span>t-tax to pre<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>ax dis<span class=\"_ _0\"></span>coun<span class=\"_ _0\"></span>t rates<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Key judgemen<span class=\"_ _3\"></span>t \u2013 Determination of CGUs for assessing impairment of goodwill<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> rev<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> CG<span class=\"_ _0\"></span>U<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>S 36<span class=\"_ _2\"></span>, im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>r go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> are<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>U<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> no <span class=\"_ _0\"></span>hig<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>seg<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>CG<span class=\"_ _0\"></span>Us <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>dwil<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>rev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> Rol<span class=\"_ _0\"></span>ls-<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>oyce De<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>sch<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>d Ltd &amp; C<span class=\"_ _0\"></span>o KG and at an a<span class=\"_ _0\"></span>ggre<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ed Ro<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royce P<span class=\"_ _0\"></span>ower Sys<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms AG level<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>In<span class=\"_ _3\"></span>ven<span class=\"_ _3\"></span>tories<span class=\"_ _351\"> </span>I<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> are<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t-<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> lo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>, wh<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span> app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>our <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>tho<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>direc<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>rh<span class=\"_ _0\"></span>ead<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>y, pl<span class=\"_ _0\"></span>ant <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at<span class=\"_ _351\"> </span>have <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>bri<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>heir <span class=\"_ _2\"></span>pres<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>loc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n. <span class=\"_ _2\"></span>Net <span class=\"_ _2\"></span>real<span class=\"_ _0\"></span>isab<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span>repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>sel<span class=\"_ _0\"></span>ling <span class=\"_ _2\"></span>pri<span class=\"_ _0\"></span>ces <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ess <span class=\"_ _2\"></span>all <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>incu<span class=\"_ _0\"></span>rred <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>are <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>cla<span class=\"_ _0\"></span>ssifi<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent a<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>t is <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ey w<span class=\"_ _0\"></span>ill <span class=\"_ _0\"></span>be <span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Grou<span class=\"_ _0\"></span>p\u2019s op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>cycle<span class=\"_ _0\"></span>, re<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>rdles<span class=\"_ _0\"></span>s of <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>s is <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>o b<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths of the bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t date.<span class=\"_ _351\"> </span>Cash <span class=\"_ _3\"></span>and ca<span class=\"_ _3\"></span>sh equiva<span class=\"_ _3\"></span>lents<span class=\"_ _351\"> </span>Ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h and<span class=\"_ _0\"></span> cas<span class=\"_ _0\"></span>h equ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h at ban<span class=\"_ _0\"></span>k and<span class=\"_ _0\"></span> in han<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in mo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t fun<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span> sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m de<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h a mat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> of <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>ree <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hs <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>les<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>on <span class=\"_ _3\"></span>ince<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _3\"></span>cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rs <span class=\"_ _f\"></span>ove<span class=\"_ _0\"></span>rdraf<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>(repayab<span class=\"_ _0\"></span>le <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>de<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>d) <span class=\"_ _f\"></span>to <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>inte<span class=\"_ _0\"></span>gral <span class=\"_ _3\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _f\"></span>ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _351\"> </span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ival<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>urp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>flo<span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ba<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s ac<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> mul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> are<span class=\"_ _0\"></span> pre<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> bo<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a le<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> to<span class=\"_ _351\"> </span>set<span class=\"_ _2\"></span>tle th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s on a net basis<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p of<span class=\"_ _b\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span> su<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n fin<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> (S<span class=\"_ _0\"></span>C<span class=\"_ _2\"></span>F<span class=\"_ _2\"></span>) pr<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> pa<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> wi<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> jo<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> who are <span class=\"_ _3\"></span>on our <span class=\"_ _3\"></span>st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard 75 <span class=\"_ _3\"></span>day or <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>ore payment terms to <span class=\"_ _3\"></span>rece<span class=\"_ _0\"></span>ive their payme<span class=\"_ _0\"></span>nt <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>. The <span class=\"_ _3\"></span>el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to <span class=\"_ _f\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>lise the progra<span class=\"_ _0\"></span>mme is <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he sole<span class=\"_ _0\"></span> dec<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e sup<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>. A<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>es to h<span class=\"_ _0\"></span>ave a co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to p<span class=\"_ _0\"></span>ay it<span class=\"_ _0\"></span>s sup<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ers un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r comm<span class=\"_ _0\"></span>ercial <span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ms whi<span class=\"_ _0\"></span>ch are<span class=\"_ _351\"> </span>unaf<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>by <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>ny <span class=\"_ _f\"></span>ut<span class=\"_ _0\"></span>ilis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _3\"></span>of <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>and <span class=\"_ _3\"></span>it <span class=\"_ _f\"></span>do<span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _f\"></span>ret<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>any <span class=\"_ _f\"></span>on<span class=\"_ _0\"></span>go<span class=\"_ _0\"></span>ing <span class=\"_ _f\"></span>invo<span class=\"_ _0\"></span>lvem<span class=\"_ _0\"></span>ent <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>SC<span class=\"_ _0\"></span>F<span class=\"_ _f\"></span>, <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _3\"></span>payab<span class=\"_ _0\"></span>les <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>ret<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> on the Grou<span class=\"_ _0\"></span>p\u2019s balan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t and clas<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed as trad<span class=\"_ _0\"></span>e payabl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Furt<span class=\"_ _0\"></span>her de<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ils are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in note 19.<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>Pr<span class=\"_ _3\"></span>ovision<span class=\"_ _3\"></span>s<span class=\"_ _351\"> </span>Provis<span class=\"_ _0\"></span>ions <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>hen <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>s a <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f a <span class=\"_ _0\"></span>pas<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>event<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>it <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l b<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>requi<span class=\"_ _0\"></span>red to set<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le tha<span class=\"_ _0\"></span>t obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. Provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s are discount<span class=\"_ _0\"></span>ed to prese<span class=\"_ _0\"></span>nt value wh<span class=\"_ _0\"></span>ere the ef<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t is mater<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The pr<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>pal provi<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ns are recogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d as follo<span class=\"_ _0\"></span>ws:<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">T<span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>nt 10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 in-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice issu<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>n wast<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e cost<span class=\"_ _0\"></span>s are iden<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d as descr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d on pag<span class=\"_ _0\"></span>e 115<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s base<span class=\"_ _0\"></span>d on an asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of whet<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e direc<span class=\"_ _0\"></span>t cost<span class=\"_ _0\"></span>s to fulfi<span class=\"_ _0\"></span>l a contra<span class=\"_ _0\"></span>ct are greate<span class=\"_ _0\"></span>r than th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed revenu<span class=\"_ _0\"></span>e;<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">war<span class=\"_ _0\"></span>rant<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>guar<span class=\"_ _0\"></span>ante<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>fut<span class=\"_ _0\"></span>ure <span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ims <span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>refere<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>ier <span class=\"_ _0\"></span>of<span class=\"_ _0\"></span> </span>whe<span class=\"_ _0\"></span>n the unde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>es are sold an<span class=\"_ _0\"></span>d when the like<span class=\"_ _0\"></span>liho<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d of a <span class=\"_ _3\"></span>fu<span class=\"_ _0\"></span>ture cos<span class=\"_ _0\"></span>t is ident<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed; and<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws9a\">res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing whe<span class=\"_ _0\"></span>n the Group has app<span class=\"_ _0\"></span>roved a det<span class=\"_ _0\"></span>aile<span class=\"_ _0\"></span>d and form<span class=\"_ _0\"></span>al rest<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g plan<span class=\"_ _0\"></span>, and the rest<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing has eit<span class=\"_ _0\"></span>her com<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ced or<span class=\"_ _0\"></span> </span>has create<span class=\"_ _0\"></span>d a valid exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on to thos<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Whether any <span class=\"_ _3\"></span>costs should be <span class=\"_ _3\"></span>treated as wastage<span class=\"_ _351\"> </span>As de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r on page 11<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>, in rare circumsta<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Group may incur cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of waste<span class=\"_ _0\"></span>d mater<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span>, la<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ur or othe<span class=\"_ _0\"></span>r resource<span class=\"_ _0\"></span>s to<span class=\"_ _351\"> </span>fulfi<span class=\"_ _0\"></span>l <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>wh<span class=\"_ _0\"></span>ere <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>evel <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>wa<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>refl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>rice<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>su<span class=\"_ _0\"></span>ch <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter <span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>woul<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>nly <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>ari<span class=\"_ _0\"></span>se <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>here <span class=\"_ _3\"></span>has been <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>ser<span class=\"_ _0\"></span>ies <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>ab<span class=\"_ _0\"></span>nor<span class=\"_ _0\"></span>mal <span class=\"_ _3\"></span>event<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _f\"></span>g<span class=\"_ _0\"></span>ive <span class=\"_ _3\"></span>ris<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>to a <span class=\"_ _32\"></span>s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant <span class=\"_ _3\"></span>level<span class=\"_ _0\"></span> of co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>of a n<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>woul<span class=\"_ _0\"></span>d not <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o incu<span class=\"_ _0\"></span>r an<span class=\"_ _0\"></span>d he<span class=\"_ _0\"></span>nce i<span class=\"_ _0\"></span>s not <span class=\"_ _0\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>. Prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n is <span class=\"_ _0\"></span>mad<span class=\"_ _0\"></span>e for<span class=\"_ _0\"></span> any cost<span class=\"_ _0\"></span>s ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d as wast<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e when th<span class=\"_ _0\"></span>e obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to incur them ari<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>S<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> T<span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>ov<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> as th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n ow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n en<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> T<span class=\"_ _f\"></span>y<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>te<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> which it has a present obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to develop app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te design chan<span class=\"_ _0\"></span>ges to addres<span class=\"_ _0\"></span>s cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain engin<span class=\"_ _0\"></span>e condi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons that have be<span class=\"_ _0\"></span>en note<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>in <span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hine<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ives<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>als<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nsure <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rato<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inue <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>afel<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es<span class=\"_ _351\"> </span>wit<span class=\"_ _0\"></span>hin <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ms <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>eir <span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>SA<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>this <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>quires <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>be <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>iant <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ith <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>quirem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ose <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ssue<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>Ai<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>Directives. <span class=\"_ _0\"></span>These <span class=\"_ _0\"></span>requirements c<span class=\"_ _0\"></span>annot be <span class=\"_ _0\"></span>met <span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>hout t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Group incurring <span class=\"_ _0\"></span>significant cost<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in the <span class=\"_ _0\"></span>form <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>replacement <span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>and<span class=\"_ _351\"> </span>cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>aims<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Gi<span class=\"_ _0\"></span>ven <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cant <span class=\"_ _2\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>des<span class=\"_ _0\"></span>ignin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>rha<span class=\"_ _0\"></span>ulin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ero <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>it <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ence<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>in<span class=\"_ _351\"> </span>maki<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>in re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>to t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>numb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g of <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>op <span class=\"_ _0\"></span>vis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, ove<span class=\"_ _0\"></span>rha<span class=\"_ _0\"></span>ul <span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>our <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> claims<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>estimates \u2013 <span class=\"_ _3\"></span>Estimates of the <span class=\"_ _3\"></span>time to r<span class=\"_ _3\"></span>esolve the <span class=\"_ _3\"></span>technical issues <span class=\"_ _3\"></span>on the T<span class=\"_ _f\"></span>rent 1000, <span class=\"_ _3\"></span>including the de<span class=\"_ _f\"></span>velopment of the modified<span class=\"_ _351\"> </span>HPT blade <span class=\"_ _3\"></span>and estimates <span class=\"_ _3\"></span>of the expenditur<span class=\"_ _3\"></span>e r<span class=\"_ _3\"></span>equired to settle <span class=\"_ _3\"></span>the obligation r<span class=\"_ _3\"></span>elating to T<span class=\"_ _f\"></span>rent 1000 <span class=\"_ _3\"></span>claims and <span class=\"_ _3\"></span>to settle T<span class=\"_ _f\"></span>rent 1000<span class=\"_ _351\"> </span>long-term contr<span class=\"_ _3\"></span>acts assessed as <span class=\"_ _3\"></span>onerous<span class=\"_ _351\"> </span>The Grou<span class=\"_ _3\"></span>p has<span class=\"_ _3\"></span> provis<span class=\"_ _3\"></span>ions for<span class=\"_ _3\"></span> T<span class=\"_ _f\"></span>rent 1000 wastage costs at<span class=\"_ _3\"></span> 31 December<span class=\"_ _3\"></span> 2022 of \u00a3179m (202<span class=\"_ _0\"></span>1: \u00a3157m)<span class=\"_ _3\"></span>. These r<span class=\"_ _3\"></span>epresent<span class=\"_ _3\"></span> the Dir<span class=\"_ _3\"></span>ectors\u2019<span class=\"_ _351\"> </span>bes<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>endi<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>req<span class=\"_ _0\"></span>uired <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _2\"></span>at <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>bal<span class=\"_ _0\"></span>ance <span class=\"_ _2\"></span>sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>date<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ake <span class=\"_ _2\"></span>acco<span class=\"_ _0\"></span>unt <span class=\"_ _2\"></span>of <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>info<span class=\"_ _0\"></span>rmat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n availa<span class=\"_ _0\"></span>ble and di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e outco<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>consi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cemb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>T<span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>nt 1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>oss <span class=\"_ _0\"></span>prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>T<span class=\"_ _3\"></span>rent <span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>0 wa<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span>are <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>A <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2-m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ay <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilit<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>difi<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>HP<span class=\"_ _0\"></span>T <span class=\"_ _2\"></span>bl<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ould <span class=\"_ _2\"></span>le<span class=\"_ _0\"></span>ad <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>aroun<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> \u00a34<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>\u2013<span class=\"_ _3\"></span>70<span class=\"_ _0\"></span>m increa<span class=\"_ _0\"></span>se in the T<span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>nt 10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s provisi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>estimates \u2013 <span class=\"_ _3\"></span>Estimates of the <span class=\"_ _3\"></span>future r<span class=\"_ _f\"></span>evenues and costs <span class=\"_ _3\"></span>to fulfil oner<span class=\"_ _f\"></span>ous contracts<span class=\"_ _351\"> </span>The Gro<span class=\"_ _0\"></span>up has provisi<span class=\"_ _0\"></span>ons for one<span class=\"_ _0\"></span>rous cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s at 31 Decemb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 of \u00a31<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span>m (1 Januar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a31<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8m).<span class=\"_ _351\"> </span>An <span class=\"_ _2\"></span>incre<span class=\"_ _0\"></span>ase <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _2\"></span>Aerosp<span class=\"_ _0\"></span>ace <span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>arge <span class=\"_ _2\"></span>en<span class=\"_ _0\"></span>gine <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>L<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>SA <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>rema<span class=\"_ _0\"></span>ining <span class=\"_ _2\"></span>te<span class=\"_ _0\"></span>rm <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>cou<span class=\"_ _0\"></span>ld <span class=\"_ _2\"></span>lea<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> aroun<span class=\"_ _0\"></span>d a \u00a310<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>\u201312<span class=\"_ _0\"></span>5m incre<span class=\"_ _0\"></span>ase in the prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on for cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>ses acro<span class=\"_ _0\"></span>ss all prog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>estimates \u2013 <span class=\"_ _3\"></span>Assumptions im<span class=\"_ _3\"></span>plicit within the <span class=\"_ _3\"></span>calculation of d<span class=\"_ _3\"></span>iscount r<span class=\"_ _3\"></span>ates<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> se<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> used for each contrac<span class=\"_ _0\"></span>t is derived from bon<span class=\"_ _0\"></span>d yields (i.e. risk-free rates) <span class=\"_ _3\"></span>wit<span class=\"_ _0\"></span>h a similar duration and currency to the contract that they<span class=\"_ _0\"></span> ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ap<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> rat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> is ad<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>s of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> from t<span class=\"_ _0\"></span>hird-<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>rket an<span class=\"_ _0\"></span>aly<span class=\"_ _0\"></span>sis an<span class=\"_ _0\"></span>d avera<span class=\"_ _0\"></span>ge 4%<span class=\"_ _0\"></span>. A 1<span class=\"_ _0\"></span>% chan<span class=\"_ _0\"></span>ge in t<span class=\"_ _0\"></span>he di<span class=\"_ _0\"></span>sco<span class=\"_ _0\"></span>unt rat<span class=\"_ _0\"></span>es us<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>uld l<span class=\"_ _0\"></span>ead to a<span class=\"_ _0\"></span>round a \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>-1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m chang<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>in the provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Customer fin<span class=\"_ _3\"></span>ancing support<span class=\"_ _351\"> </span>In<span class=\"_ _0\"></span> conn<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> sal<span class=\"_ _0\"></span>e of it<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p wil<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> on occ<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g sup<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t for<span class=\"_ _0\"></span> it<span class=\"_ _0\"></span>s cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs<span class=\"_ _2\"></span>. The<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> fal<span class=\"_ _0\"></span>l into t<span class=\"_ _2\"></span>wo ca<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>: cred<span class=\"_ _0\"></span>it-bas<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>guara<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>set-val<span class=\"_ _0\"></span>ue gu<span class=\"_ _0\"></span>arant<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s. <span class=\"_ _0\"></span>Cred<span class=\"_ _0\"></span>it-bas<span class=\"_ _0\"></span>ed g<span class=\"_ _0\"></span>uara<span class=\"_ _0\"></span>ntee<span class=\"_ _0\"></span>s are d<span class=\"_ _0\"></span>iscl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d as <span class=\"_ _0\"></span>comm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>r<span class=\"_ _351\"> </span>cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>aircr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>red <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>not<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ers <span class=\"_ _2\"></span>asse<span class=\"_ _0\"></span>t-value <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>uara<span class=\"_ _0\"></span>ntee<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>non<span class=\"_ _0\"></span>-fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies <span class=\"_ _b\"></span>and <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>ts <span class=\"_ _b\"></span>require<span class=\"_ _0\"></span>d. <span class=\"_ _b\"></span>As <span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>crib<span class=\"_ _0\"></span>ed <span class=\"_ _b\"></span>on <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>age <span class=\"_ _b\"></span>16<span class=\"_ _0\"></span>9, <span class=\"_ _b\"></span>the <span class=\"_ _2\"></span>D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>der <span class=\"_ _b\"></span>the <span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>ikelih<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>cr<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alli<span class=\"_ _0\"></span>sat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in asses<span class=\"_ _0\"></span>sing whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er provi<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n is required for any cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _f\"></span>Group\u2019s <span class=\"_ _f\"></span>contingent <span class=\"_ _f\"></span>liabilities <span class=\"_ _f\"></span>relating <span class=\"_ _f\"></span>to <span class=\"_ _3\"></span>financing <span class=\"_ _f\"></span>arrangements <span class=\"_ _f\"></span>are <span class=\"_ _f\"></span>spread <span class=\"_ _f\"></span>over <span class=\"_ _f\"></span>many <span class=\"_ _f\"></span>years <span class=\"_ _f\"></span>and <span class=\"_ _3\"></span>relate <span class=\"_ _f\"></span>to <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>number <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>customers <span class=\"_ _3\"></span>and<span class=\"_ _351\"> </span>a broad pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>lio and are rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a discoun<span class=\"_ _0\"></span>ted ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>Po<span class=\"_ _3\"></span>st-retir<span class=\"_ _f\"></span>ement benefits<span class=\"_ _351\"> </span>Pensi<span class=\"_ _0\"></span>ons and simil<span class=\"_ _0\"></span>ar be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s (p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cipal<span class=\"_ _0\"></span>ly heal<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>re) are <span class=\"_ _3\"></span>acc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d for und<span class=\"_ _0\"></span>er IA<span class=\"_ _0\"></span>S 19 <span class=\"ffbe\">Empl<span class=\"_ _0\"></span>oyee Be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>ts</span><span class=\"ls3 ws3\">.<span class=\"_ _351\"> </span></span>For <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit plans<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red <span class=\"_ _3\"></span>at <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt <span class=\"_ _f\"></span>v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e, <span class=\"_ _3\"></span>using a <span class=\"_ _32\"></span>d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unt <span class=\"_ _3\"></span>rate <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>high<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>qual<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span> bo<span class=\"_ _0\"></span>nds <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>pl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>w<span class=\"_ _0\"></span>hil<span class=\"_ _0\"></span>st <span class=\"_ _3\"></span>pl<span class=\"_ _0\"></span>an <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>at fair <span class=\"_ _f\"></span>v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>S<span class=\"_ _0\"></span>urp<span class=\"_ _0\"></span>lus<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>in <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span>are <span class=\"_ _3\"></span>rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>only <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ey <span class=\"_ _0\"></span>repre<span class=\"_ _0\"></span>sent <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>c <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>avai<span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>gain<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>atel<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>in<span class=\"_ _351\"> </span>OC<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>. The ser<span class=\"_ _2\"></span>vice an<span class=\"_ _0\"></span>d financi<span class=\"_ _0\"></span>ng cos<span class=\"_ _0\"></span>ts of such pl<span class=\"_ _0\"></span>ans are reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed se<span class=\"_ _0\"></span>para<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y in the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">curre<span class=\"_ _0\"></span>nt ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are spread sy<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y over the lives of emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>es;<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">pas<span class=\"_ _0\"></span>t-se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce cost<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d imme<span class=\"_ _0\"></span>diat<span class=\"_ _0\"></span>ely<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">fina<span class=\"_ _0\"></span>ncing co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds in which th<span class=\"_ _0\"></span>ey aris<span class=\"_ _0\"></span>e.<span class=\"_ _351\"> </span></span>UK <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span>qual<span class=\"_ _0\"></span>ise <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>fer <span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ues <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span>and w<span class=\"_ _3\"></span>omen.<span class=\"_ _351\"> </span>Paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to defin<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>mes are charge<span class=\"_ _0\"></span>d as an expen<span class=\"_ _0\"></span>se as they fa<span class=\"_ _0\"></span>ll due.<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>estimate \u2013 <span class=\"_ _3\"></span>Estimates of the <span class=\"_ _3\"></span>assumptions for <span class=\"_ _3\"></span>valuing the <span class=\"_ _3\"></span>net defined benefit obligation<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>Group\u2019s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>fined <span class=\"_ _0\"></span>benefi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>pension <span class=\"_ _0\"></span>schemes <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>similar arrangements <span class=\"_ _2\"></span>are assessed <span class=\"_ _2\"></span>annually<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>accordance <span class=\"_ _0\"></span>with <span class=\"_ _0\"></span>IA<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>9. <span class=\"_ _0\"></span>The <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>val<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> whic<span class=\"_ _0\"></span>h are bas<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on ass<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span> inde<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l ad<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, resu<span class=\"_ _0\"></span>lte<span class=\"_ _0\"></span>d in a net<span class=\"_ _0\"></span> defi<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>t of \u00a342<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m be<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 (<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>cit of <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>m). T<span class=\"_ _0\"></span>he size <span class=\"_ _0\"></span>of t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t sur<span class=\"_ _0\"></span>plu<span class=\"_ _0\"></span>s/<span class=\"_ _351\"> </span>defi<span class=\"_ _0\"></span>cit <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>rial <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>ssump<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>dis<span class=\"_ _0\"></span>count <span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>ate, <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>infl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>lon<span class=\"_ _0\"></span>gev<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>K<span class=\"_ _2\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>umbe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>lan <span class=\"_ _2\"></span>me<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>rs <span class=\"_ _2\"></span>who <span class=\"_ _2\"></span>take <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sfe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>heir <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>lump <span class=\"_ _2\"></span>sum <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>tire<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>or <span class=\"_ _b\"></span>who <span class=\"_ _b\"> </span>c<span class=\"_ _0\"></span>hoo<span class=\"_ _0\"></span>se <span class=\"_ _b\"></span>to <span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>ake <span class=\"_ _b\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>Br<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>ing <span class=\"_ _b\"></span>Pen<span class=\"_ _0\"></span>sion <span class=\"_ _b\"> </span>O<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n. <span class=\"_ _b\"></span>Fol<span class=\"_ _0\"></span>lowi<span class=\"_ _0\"></span>ng <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _b\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>UK <span class=\"_ _b\"> </span>s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>clos<span class=\"_ _0\"></span>ed <span class=\"_ _b\"> </span>to <span class=\"_ _b\"> </span>f<span class=\"_ _0\"></span>utu<span class=\"_ _0\"></span>re <span class=\"_ _b\"></span>accr<span class=\"_ _0\"></span>ual <span class=\"_ _b\"></span>on <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>A <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unt <span class=\"_ _2\"></span>rate <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>0.<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>5% <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>0% <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>uld <span class=\"_ _2\"></span>lea<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ncreas<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fit <span class=\"_ _2\"></span>obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>R<span class=\"_ _0\"></span>R <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>K<span class=\"_ _351\"> </span>Pensi<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>Fund <span class=\"_ _0\"></span>(R<span class=\"_ _0\"></span>RU<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>PF<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>proxim<span class=\"_ _0\"></span>atel<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Thi<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wou<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>be <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>roa<span class=\"_ _0\"></span>dly <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, as the sche<span class=\"_ _0\"></span>me\u2019s inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s are designe<span class=\"_ _0\"></span>d to miti<span class=\"_ _0\"></span>gate thi<span class=\"_ _0\"></span>s risk<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>An <span class=\"_ _2\"></span>incre<span class=\"_ _0\"></span>ase <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>assu<span class=\"_ _0\"></span>med <span class=\"_ _2\"></span>ra<span class=\"_ _0\"></span>te <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>infl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5% <span class=\"_ _2\"></span>(RP<span class=\"_ _0\"></span>I <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _2\"></span>3.<span class=\"_ _2\"></span>50<span class=\"_ _0\"></span>% <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>C<span class=\"_ _0\"></span>PI <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5%) <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ould <span class=\"_ _2\"></span>le<span class=\"_ _0\"></span>ad <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>incre<span class=\"_ _0\"></span>ase <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns of the RRU<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>PF of app<span class=\"_ _0\"></span>roxima<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y \u00a370<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>A on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> in lif<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> 21<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span> yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s (ma<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> 65<span class=\"_ _0\"></span>) an<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m 23<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>2 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> (mal<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d 4<span class=\"_ _0\"></span>5)<span class=\"_ _0\"></span> wou<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns of the RRU<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>PF by app<span class=\"_ _0\"></span>roximat<span class=\"_ _0\"></span>ely \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5m<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Furt<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r det<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s and sensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are include<span class=\"_ _0\"></span>d in note 22<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Shar<span class=\"_ _3\"></span>e-based pa<span class=\"_ _f\"></span>yments<span class=\"_ _351\"> </span>The <span class=\"_ _f\"></span>Group <span class=\"_ _f\"></span>provides <span class=\"_ _32\"></span>share-base<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>payment <span class=\"_ _f\"></span>arrangements <span class=\"_ _f\"></span>to <span class=\"_ _f\"></span>cer<span class=\"_ _0\"></span>tain <span class=\"_ _f\"></span>employees. <span class=\"_ _f\"></span>These <span class=\"_ _f\"></span>are <span class=\"_ _f\"></span>principally <span class=\"_ _f\"></span>equity-se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tled <span class=\"_ _f\"></span>arrangements <span class=\"_ _f\"></span>and <span class=\"_ _f\"></span>are<span class=\"_ _351\"> </span>measured at fair value (<span class=\"_ _3\"></span>excluding the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of non-market based vest<span class=\"_ _0\"></span>ing conditio<span class=\"_ _0\"></span>ns) at<span class=\"_ _3\"></span> the date of grant. The fair value is <span class=\"_ _3\"></span>expens<span class=\"_ _0\"></span>ed on a<span class=\"_ _351\"> </span>st<span class=\"_ _0\"></span>raig<span class=\"_ _0\"></span>ht-line <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>asis <span class=\"_ _2\"></span>over <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>amoun<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>ense <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ual <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>umbe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>hares <span class=\"_ _2\"></span>or<span class=\"_ _351\"> </span>op<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> tha<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> wil<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> ves<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>, exc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> ad<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> as a res<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d pe<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _2\"></span>, su<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h as<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> retu<span class=\"_ _0\"></span>rn <span class=\"_ _0\"></span>(<span class=\"_ _2\"></span>TS<span class=\"_ _0\"></span>R) <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>ng-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>cent<span class=\"_ _0\"></span>ive <span class=\"_ _2\"></span>pl<span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>(L<span class=\"_ _3\"></span>TI<span class=\"_ _0\"></span>P), <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>requi<span class=\"_ _0\"></span>red <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>llow<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rman<span class=\"_ _0\"></span>ce cond<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ons are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in the init<span class=\"_ _0\"></span>ial fai<span class=\"_ _0\"></span>r value<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Ca<span class=\"_ _0\"></span>sh-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>share <span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns (<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>rant<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e In<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>Save <span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>an) are m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue <span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>eet <span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Grou<span class=\"_ _0\"></span>p<span class=\"_ _351\"> </span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es a <span class=\"_ _0\"></span>lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>she<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>into a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>unt t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>numb<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>f op<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t are<span class=\"_ _0\"></span> expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ompl<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d. <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>this <span class=\"_ _2\"></span>liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me<span class=\"_ _351\"> </span>st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent for th<span class=\"_ _0\"></span>e year<span class=\"_ _3\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>sha<span class=\"_ _0\"></span>res o<span class=\"_ _0\"></span>f R<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Roy<span class=\"_ _0\"></span>ce H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>lc <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>by t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>urp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>f f<span class=\"_ _0\"></span>ulfi<span class=\"_ _0\"></span>llin<span class=\"_ _0\"></span>g o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>are<span class=\"_ _351\"> </span>pla<span class=\"_ _0\"></span>ns is <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d from <span class=\"_ _3\"></span>equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y in <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e consol<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>ed bala<span class=\"_ _0\"></span>nce shee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. See note 24 <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>or a <span class=\"_ _3\"></span>fur<span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>r descrip<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e share-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed paym<span class=\"_ _0\"></span>ent plans<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Costs <span class=\"_ _3\"></span>of shar<span class=\"_ _f\"></span>e issues<span class=\"_ _351\"> </span>The cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of issuin<span class=\"_ _0\"></span>g ordinar<span class=\"_ _2\"></span>y shares are charge<span class=\"_ _0\"></span>d to the share premiu<span class=\"_ _0\"></span>m accoun<span class=\"_ _0\"></span>t.<span class=\"_ _351\"> </span>Re<span class=\"_ _3\"></span>visions to <span class=\"_ _3\"></span>IFRS not <span class=\"_ _3\"></span>applicable in 2022<span class=\"_ _351\"> </span>Sta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rds <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>erp<span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>B <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>only <span class=\"_ _2\"></span>app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>if <span class=\"_ _2\"></span>end<span class=\"_ _0\"></span>ors<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>han <span class=\"_ _2\"></span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>7 <span class=\"_ _0\"></span><span class=\"ffbe ls6d wscb\">I<span class=\"_ _0\"></span>nsura<span class=\"_ _0\"></span>nce <span class=\"_ _2\"></span>Co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span></span>des<span class=\"_ _0\"></span>crib<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on p<span class=\"_ _0\"></span>age <span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s not c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t any s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndard<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s or <span class=\"_ _0\"></span>inter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>SB<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>but <span class=\"_ _0\"></span>not ye<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e will have a signific<span class=\"_ _0\"></span>ant imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t on the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted Fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al Sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>IFRS 17 <span class=\"_ _3\"></span>Insur<span class=\"_ _3\"></span>ance Con<span class=\"_ _3\"></span>tracts<span class=\"_ _351\"> </span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _3\"></span>17 <span class=\"_ _3\"></span>issu<span class=\"_ _0\"></span>ed in <span class=\"_ _f\"></span>May <span class=\"_ _3\"></span>20<span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>, estab<span class=\"_ _0\"></span>lish<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>rinci<span class=\"_ _0\"></span>ples for <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>mea<span class=\"_ _0\"></span>sureme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>dis<span class=\"_ _0\"></span>closu<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>with<span class=\"_ _3\"></span>in<span class=\"_ _3\"></span> the sc<span class=\"_ _3\"></span>ope o<span class=\"_ _3\"></span>f the<span class=\"_ _3\"></span> Stand<span class=\"_ _3\"></span>ard.<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>The<span class=\"_ _3\"></span> Stand<span class=\"_ _3\"></span>ard<span class=\"_ _3\"></span> is effecti<span class=\"_ _3\"></span>ve f<span class=\"_ _3\"></span>or y<span class=\"_ _3\"></span>ears<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>begi<span class=\"_ _3\"></span>nni<span class=\"_ _3\"></span>ng on<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>or a<span class=\"_ _3\"></span>fter 1<span class=\"_ _3\"></span> Janu<span class=\"_ _3\"></span>ary 2023 wi<span class=\"_ _3\"></span>th a r<span class=\"_ _3\"></span>equ<span class=\"_ _3\"></span>ir<span class=\"_ _3\"></span>emen<span class=\"_ _3\"></span>t to<span class=\"_ _3\"></span> res<span class=\"_ _3\"></span>tate<span class=\"_ _351\"> </span>comparatives<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>Group <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>reviewed <span class=\"_ _0\"></span>whether <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>arrangements <span class=\"_ _0\"></span>meet <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>accounting <span class=\"_ _0\"></span>definition <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>insurance <span class=\"_ _0\"></span>contract. <span class=\"_ _2\"></span>While <span class=\"_ _0\"></span>some <span class=\"_ _0\"></span>contract<span class=\"_ _0\"></span>s, <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>inclu<span class=\"_ _0\"></span>ding <span class=\"_ _0\"></span>Ci<span class=\"_ _0\"></span>vil <span class=\"_ _0\"></span>LTSA<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>may <span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>nsfe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>elem<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ey <span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>rant<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>vice <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pe <span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>reem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>ssue<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in<span class=\"_ _351\"> </span>conn<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ales <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ds <span class=\"_ _2\"></span>or <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>fore <span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>rema<span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>nted <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>und<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>exis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>revenue <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span> provi<span class=\"_ _0\"></span>sion st<span class=\"_ _0\"></span>anda<span class=\"_ _0\"></span>rds<span class=\"_ _0\"></span>. The <span class=\"_ _3\"></span>Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>have judge<span class=\"_ _0\"></span>d that such <span class=\"_ _3\"></span>arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s entered into <span class=\"_ _3\"></span>af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e origina<span class=\"_ _0\"></span>l equipme<span class=\"_ _0\"></span>nt sale r<span class=\"_ _3\"></span>em<span class=\"_ _0\"></span>ain suf<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cient<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span> rela<span class=\"_ _0\"></span>ted to the sale of the Gro<span class=\"_ _0\"></span>up\u2019s goo<span class=\"_ _0\"></span>ds and ser<span class=\"_ _2\"></span>vice<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>St<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ive <span class=\"_ _2\"></span>insura<span class=\"_ _0\"></span>nce <span class=\"_ _2\"></span>comp<span class=\"_ _0\"></span>any <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>howeve<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>, t<span class=\"_ _0\"></span>he im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>rgel<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>te ou<span class=\"_ _0\"></span>t in <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al St<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es a <span class=\"_ _0\"></span>simp<span class=\"_ _0\"></span>lifi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> approac<span class=\"_ _3\"></span>h and modifications<span class=\"_ _3\"></span> to its gener<span class=\"_ _3\"></span>al measu<span class=\"_ _3\"></span>rement<span class=\"_ _3\"></span> model that can<span class=\"_ _3\"></span> be applied i<span class=\"_ _3\"></span>n certain cir<span class=\"_ _3\"></span>cumstances. Give<span class=\"_ _3\"></span>n the co<span class=\"_ _3\"></span>verage period<span class=\"_ _351\"> </span>of <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _2\"></span>insura<span class=\"_ _0\"></span>nce <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mpany <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>12 <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>hs <span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>les<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>inten<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ake <span class=\"_ _2\"></span>use <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>\u2018p<span class=\"_ _0\"></span>remium <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>allo<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>ach\u2019 fo<span class=\"_ _0\"></span>r the re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of pre<span class=\"_ _0\"></span>miums<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nfi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce leve<span class=\"_ _0\"></span>l and r<span class=\"_ _0\"></span>isk a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g a weig<span class=\"_ _0\"></span>hted<span class=\"_ _0\"></span> averag<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>disc<span class=\"_ _0\"></span>ount <span class=\"_ _2\"></span>rate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Euro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>Insur<span class=\"_ _0\"></span>ance <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>ccup<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>Pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>Au<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>(EI<span class=\"_ _0\"></span>OPA)<span class=\"_ _351\"> </span>risk-free <span class=\"_ _2\"></span>inte<span class=\"_ _0\"></span>rest <span class=\"_ _2\"></span>rat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>op<span class=\"_ _0\"></span>enin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>ll <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>result<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>7, an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d impac<span class=\"_ _0\"></span>t on accumul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es is less th<span class=\"_ _0\"></span>an <span class=\"ls80 wsae\">\u00a31m<span class=\"ls3 ws3\">.<span class=\"_ _351\"> </span></span></span>The Group <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>cess of <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ding its <span class=\"_ _3\"></span>ana<span class=\"_ _0\"></span>lysi<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>ere <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>any fur<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>impa<span class=\"_ _0\"></span>ct as <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>resul<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>ad<span class=\"_ _0\"></span>opt<span class=\"_ _0\"></span>ing the <span class=\"_ _3\"></span>new Standa<span class=\"_ _0\"></span>rd. This<span class=\"_ _351\"> </span>will <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>fir<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>hal<span class=\"_ _0\"></span>f <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>At <span class=\"_ _2\"></span>thi<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ime <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>fu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>kno<span class=\"_ _0\"></span>wn <span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>bly <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nfo<span class=\"_ _0\"></span>rmat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>iscl<span class=\"_ _0\"></span>ose <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _2\"></span>is <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>relev<span class=\"_ _0\"></span>ant to asses<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g the pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t that ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the new IFR<span class=\"_ _0\"></span>S will have on the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d Finan<span class=\"_ _0\"></span>cial St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Po<span class=\"_ _3\"></span>st balance <span class=\"_ _3\"></span>sheet ev<span class=\"_ _f\"></span>ents<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>has <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>gal <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>any <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ngo<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>cee<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ese <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span> appropriate.<span class=\"_ _351\"> </span>2\u2002<span class=\"_ _c\"> </span>S<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>al\u2002analysis<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>alys<span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess <span class=\"_ _2\"></span>se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ccord<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>8 <span class=\"_ _2\"></span><span class=\"ffbe ls7b wsaa\">Op<span class=\"_ _0\"></span>erating <span class=\"_ _0\"></span>Segments</span>, <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>ba<span class=\"_ _0\"></span>sis <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>tho<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>se<span class=\"_ _0\"></span>gmen<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>wh<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span> op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ting results are <span class=\"_ _f\"></span>regu<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>rly <span class=\"_ _3\"></span>rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>by <span class=\"_ _3\"></span>the Board <span class=\"_ _3\"></span>(who act<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>the Chief <span class=\"_ _3\"></span>Op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>De<span class=\"_ _0\"></span>cisio<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>Maker as <span class=\"_ _f\"></span>de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>by <span class=\"_ _3\"></span>IF<span class=\"_ _0\"></span>RS 8). <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>Gro<span class=\"_ _0\"></span>up\u2019s<span class=\"_ _351\"> </span>four busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>ses are set ou<span class=\"_ _0\"></span>t belo<span class=\"_ _0\"></span>w.<span class=\"_ _351\"> </span>Civ<span class=\"_ _0\"></span>il Aerosp<span class=\"_ _0\"></span>ace <span class=\"_ _a5\"> </span> <span class=\"_ _33\"></span>devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>, manu<span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ture, ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>ing and sa<span class=\"_ _0\"></span>les of comm<span class=\"_ _0\"></span>ercial ae<span class=\"_ _0\"></span>ro engine<span class=\"_ _0\"></span>s and af<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket ser<span class=\"_ _2\"></span>vice<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>Defence <span class=\"_ _17e\"> </span> <span class=\"_ _33\"></span>development, manufac<span class=\"_ _0\"></span>ture, marketing and <span class=\"_ _0\"></span>sales <span class=\"_ _0\"></span>of militar<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>aero <span class=\"_ _0\"></span>engines, <span class=\"_ _0\"></span>naval<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>engines, <span class=\"_ _0\"></span>submarine nuclear <span class=\"_ _0\"></span>power<span class=\"_ _351\"> </span>pla<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and af<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket ser<span class=\"_ _2\"></span>vice<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>Power Sys<span class=\"_ _0\"></span>tems <span class=\"_ _59\"> </span>d<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>opm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, manu<span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ure, mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>ing and sal<span class=\"_ _0\"></span>es of integr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d solu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns for onsi<span class=\"_ _0\"></span>te powe<span class=\"_ _0\"></span>r and propu<span class=\"_ _0\"></span>lsi<span class=\"_ _0\"></span>on<span class=\"_ _351\"> </span>New Ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s <span class=\"_ _81\"> </span>d<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>, manu<span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ture and sal<span class=\"_ _0\"></span>es of small mo<span class=\"_ _0\"></span>dula<span class=\"_ _0\"></span>r reac<span class=\"_ _0\"></span>tor (SM<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>) and new ele<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>cal p<span class=\"_ _0\"></span>ower so<span class=\"_ _0\"></span>lut<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>O<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>B<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>A<span class=\"_ _b\"></span>S <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> on<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>l Nu<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>ar I<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>&amp; C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>trol <span class=\"_ _0\"></span>bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>til <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>date <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>disp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l on <span class=\"_ _0\"></span>5 N<span class=\"_ _0\"></span>ovemb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1 an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ding <span class=\"_ _0\"></span>result<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span> Civ<span class=\"_ _0\"></span>il Nucle<span class=\"_ _0\"></span>ar busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Underl<span class=\"_ _3\"></span>ying r<span class=\"_ _3\"></span>esults<span class=\"_ _351\"> </span>The Grou<span class=\"_ _0\"></span>p present<span class=\"_ _0\"></span>s the finan<span class=\"_ _0\"></span>cial pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of the continui<span class=\"_ _0\"></span>ng busine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es in <span class=\"_ _3\"></span>ac<span class=\"_ _0\"></span>corda<span class=\"_ _0\"></span>nce wit<span class=\"_ _0\"></span>h IFRS 8 and consis<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ly wit<span class=\"_ _0\"></span>h the basis on<span class=\"_ _351\"> </span>which p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce is commu<span class=\"_ _0\"></span>nica<span class=\"_ _0\"></span>ted to the B<span class=\"_ _0\"></span>oard ea<span class=\"_ _0\"></span>ch mont<span class=\"_ _0\"></span>h.<span class=\"_ _0\"></span> Und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g result<span class=\"_ _0\"></span>s are present<span class=\"_ _0\"></span>ed by recordi<span class=\"_ _0\"></span>ng all releva<span class=\"_ _0\"></span>nt revenue and cos<span class=\"_ _0\"></span>t of sales tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns at the averag<span class=\"_ _0\"></span>e exchange rate ach<span class=\"_ _0\"></span>ieve<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>on <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>led <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>flow <span class=\"_ _2\"></span>occur<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>revalu<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>net<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s usin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he excha<span class=\"_ _0\"></span>nge <span class=\"_ _0\"></span>rate <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>to b<span class=\"_ _0\"></span>e ach<span class=\"_ _0\"></span>ieve<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>he u<span class=\"_ _0\"></span>se of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e ef<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k is <span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin <span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g<span class=\"_ _351\"> </span>cos<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>sal<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>fina<span class=\"_ _0\"></span>ncing <span class=\"_ _2\"></span>excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>reva<span class=\"_ _0\"></span>luing <span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>end <span class=\"_ _2\"></span>exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>. <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>T<span class=\"_ _f\"></span>ra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>iminat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Un<span class=\"_ _0\"></span>reali<span class=\"_ _0\"></span>sed <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>/(loss<span class=\"_ _0\"></span>es) <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>fore<span class=\"_ _0\"></span>ign <span class=\"_ _2\"></span>exchan<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hey <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tuto<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>from<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> resu<span class=\"_ _0\"></span>lt<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>. T<span class=\"_ _3\"></span>o th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> tha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y for<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> tra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span> are no<span class=\"_ _0\"></span> lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to<span class=\"_ _0\"></span> occ<span class=\"_ _0\"></span>ur, an app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> unreal<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d fair valu<span class=\"_ _0\"></span>e gain/(l<span class=\"_ _0\"></span>oss) on foreign excha<span class=\"_ _0\"></span>nge con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts is reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d immed<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>ly in the unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g result<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>rece<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>ble/(<span class=\"_ _0\"></span>pay<span class=\"_ _0\"></span>able) <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>teres<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>rate <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>wap<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>no<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>desi<span class=\"_ _0\"></span>gnate<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>ps <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>purp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>are<span class=\"_ _351\"> </span>recl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _2\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>tor<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sis <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e/(p<span class=\"_ _0\"></span>ayabl<span class=\"_ _0\"></span>e) <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>if <span class=\"_ _2\"></span>they <span class=\"_ _2\"></span>were <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span>ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve hed<span class=\"_ _0\"></span>ge rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ip.<span class=\"_ _0\"></span> In the<span class=\"_ _3\"></span> year <span class=\"_ _3\"></span>to 31<span class=\"_ _3\"></span> December 2022, the Group<span class=\"_ _3\"></span> was a<span class=\"_ _3\"></span> net selle<span class=\"_ _3\"></span>r of USD <span class=\"_ _3\"></span>at an <span class=\"_ _3\"></span>achieved<span class=\"_ _3\"></span> exc<span class=\"_ _3\"></span>hange rat<span class=\"_ _3\"></span>e GBP:US<span class=\"_ _0\"></span>D of<span class=\"_ _3\"></span> 1.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0 (2021: In <span class=\"_ _3\"></span>the first h<span class=\"_ _3\"></span>alf<span class=\"_ _351\"> </span>of t<span class=\"_ _3\"></span>he y<span class=\"_ _3\"></span>ear<span class=\"_ _f\"></span>, the<span class=\"_ _3\"></span> Grou<span class=\"_ _3\"></span>p was<span class=\"_ _f\"></span> a net pu<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>haser<span class=\"_ _3\"></span> of USD<span class=\"_ _3\"></span> at a<span class=\"_ _3\"></span>n ach<span class=\"_ _3\"></span>iev<span class=\"_ _3\"></span>ed ex<span class=\"_ _f\"></span>change<span class=\"_ _3\"></span> rat<span class=\"_ _3\"></span>e GBP:USD of<span class=\"_ _3\"></span> 1.<span class=\"_ _0\"></span>39. In<span class=\"_ _f\"></span> the secon<span class=\"_ _3\"></span>d hal<span class=\"_ _3\"></span>f of<span class=\"_ _3\"></span> 2021, the Gr<span class=\"_ _3\"></span>oup<span class=\"_ _351\"> </span>was a net seller of US<span class=\"_ _0\"></span>D at <span class=\"_ _3\"></span>an achieve<span class=\"_ _0\"></span>d exchang<span class=\"_ _0\"></span>e rate of <span class=\"_ _3\"></span>GB<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>:U<span class=\"_ _0\"></span>SD of 1.<span class=\"_ _2\"></span>59) bas<span class=\"_ _0\"></span>ed on the US<span class=\"_ _0\"></span>D hedg<span class=\"_ _0\"></span>e book<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>Es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>of future USD cash flows <span class=\"_ _3\"></span>have bee<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>usi<span class=\"_ _0\"></span>ng the <span class=\"_ _3\"></span>Gro<span class=\"_ _0\"></span>up\u2019s <span class=\"_ _3\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>se foreca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>. These USD cash flows have <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en used to<span class=\"_ _351\"> </span>est<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>lish <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>US<span class=\"_ _0\"></span>D <span class=\"_ _2\"></span>hed<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>requi<span class=\"_ _0\"></span>rement<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>In <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Group <span class=\"_ _2\"></span>to<span class=\"_ _0\"></span>ok <span class=\"_ _2\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duce <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>size <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>US<span class=\"_ _0\"></span>D <span class=\"_ _2\"></span>hed<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>bo<span class=\"_ _0\"></span>ok <span class=\"_ _2\"></span>by<span class=\"_ _351\"> </span>$<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>1<span class=\"_ _b\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>-<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span> un<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _b\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> cash settlement<span class=\"_ _3\"></span> costs occu<span class=\"_ _3\"></span>rring o<span class=\"_ _3\"></span>ver the<span class=\"_ _3\"></span> period 2020-2026. The deriva<span class=\"_ _3\"></span>tives r<span class=\"_ _3\"></span>elating t<span class=\"_ _3\"></span>o this<span class=\"_ _3\"></span> underlying<span class=\"_ _3\"></span> char<span class=\"_ _3\"></span>ge ha<span class=\"_ _3\"></span>ve been s<span class=\"_ _3\"></span>ubsequently<span class=\"_ _351\"> </span>exclud<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>fro<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>refo<span class=\"_ _0\"></span>re, <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>al<span class=\"_ _0\"></span>so <span class=\"_ _2\"></span>exclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>aver<span class=\"_ _0\"></span>age <span class=\"_ _2\"></span>exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate <span class=\"_ _2\"></span>achi<span class=\"_ _0\"></span>eved <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>curren<span class=\"_ _3\"></span>t and futu<span class=\"_ _3\"></span>re periods. This c<span class=\"_ _3\"></span>harge was<span class=\"_ _3\"></span> rever<span class=\"_ _3\"></span>sed in arriving <span class=\"_ _3\"></span>at the 2020 statutory per<span class=\"_ _0\"></span>formance on the<span class=\"_ _3\"></span> basis that<span class=\"_ _3\"></span> the cum<span class=\"_ _3\"></span>ulative fair<span class=\"_ _351\"> </span>valu<span class=\"_ _0\"></span>e change<span class=\"_ _0\"></span>s on thes<span class=\"_ _0\"></span>e deri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts are reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as th<span class=\"_ _0\"></span>ey aris<span class=\"_ _0\"></span>e.<span class=\"_ _351\"> </span>Und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g per<span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>manc<span class=\"_ _0\"></span>e also exclu<span class=\"_ _0\"></span>des th<span class=\"_ _0\"></span>e follo<span class=\"_ _0\"></span>wing<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ct of acqu<span class=\"_ _0\"></span>isit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n accoun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g and busin<span class=\"_ _0\"></span>ess disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s;<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls6b ws98\">impairment of <span class=\"_ _0\"></span>goodwill<span class=\"_ _0\"></span>, ot<span class=\"_ _0\"></span>her non-<span class=\"_ _0\"></span>current and current asset<span class=\"_ _0\"></span>s where <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>reasons for t<span class=\"_ _0\"></span>he impairment are <span class=\"_ _0\"></span>outside <span class=\"_ _0\"></span>of no<span class=\"_ _0\"></span>rmal operating<span class=\"_ _351\"> </span></span>activities;<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">excep<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onal ite<span class=\"_ _0\"></span>ms; and<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n othe<span class=\"_ _0\"></span>r items whic<span class=\"_ _0\"></span>h are market dri<span class=\"_ _0\"></span>ven and out<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e of the cont<span class=\"_ _0\"></span>rol of mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>Acquisition <span class=\"_ _3\"></span>accounting, busines<span class=\"_ _f\"></span>s disposals <span class=\"_ _3\"></span>and impairment<span class=\"_ _351\"> </span>The Gro<span class=\"_ _0\"></span>up exclude the<span class=\"_ _0\"></span>se from unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g result<span class=\"_ _0\"></span>s so that the current year and comp<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve result<span class=\"_ _0\"></span>s are direct<span class=\"_ _0\"></span>ly comp<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Ex<span class=\"_ _3\"></span>ceptional <span class=\"_ _3\"></span>items<span class=\"_ _351\"> </span>Ite<span class=\"_ _0\"></span>ms <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>excep<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onal <span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ieve <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>result<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>way <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>us<span class=\"_ _0\"></span>eful <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>unde<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g of the Group\u2019s financi<span class=\"_ _0\"></span>al per<span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>manc<span class=\"_ _0\"></span>e. E<span class=\"_ _0\"></span>xcep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal item<span class=\"_ _0\"></span>s are identi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d by vir<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>e of their size, natu<span class=\"_ _0\"></span>re or inciden<span class=\"_ _0\"></span>ce.<span class=\"_ _351\"> </span>I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> de<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> wh<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> tr<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>D<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> qu<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> frequ<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>pred<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ccur<span class=\"_ _0\"></span>rence<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>E<span class=\"_ _0\"></span>xamp<span class=\"_ _0\"></span>les <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>excep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal <span class=\"_ _2\"></span>ite<span class=\"_ _0\"></span>ms <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>one<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>time <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>charg<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>respe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>erosp<span class=\"_ _0\"></span>ace<span class=\"_ _0\"></span> pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, cost<span class=\"_ _0\"></span>s of res<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>es and one<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>e past se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice charg<span class=\"_ _0\"></span>es and credi<span class=\"_ _0\"></span>ts on p<span class=\"_ _0\"></span>ost-ret<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent sche<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Subs<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uent <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>exce<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>item<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>so <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>exce<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>All <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>will <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce.<span class=\"_ _351\"> </span>E<span class=\"_ _0\"></span>xcep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal ite<span class=\"_ _0\"></span>ms are not allo<span class=\"_ _0\"></span>cate<span class=\"_ _0\"></span>d to segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and may not be comp<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>ble to simil<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y tit<span class=\"_ _0\"></span>led me<span class=\"_ _0\"></span>asures us<span class=\"_ _0\"></span>ed by oth<span class=\"_ _0\"></span>er comp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s.<span class=\"_ _351\"> </span>Other items<span class=\"_ _351\"> </span>The <span class=\"_ _f\"></span>financing <span class=\"_ _f\"></span>component <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>de<span class=\"_ _0\"></span>fined <span class=\"_ _f\"></span>benefi<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>pension <span class=\"_ _f\"></span>scheme <span class=\"_ _f\"></span>cost <span class=\"_ _3\"></span>is <span class=\"_ _f\"></span>determined <span class=\"_ _f\"></span>by <span class=\"_ _f\"></span>market <span class=\"_ _f\"></span>conditions <span class=\"_ _f\"></span>and <span class=\"_ _f\"></span>has <span class=\"_ _f\"></span>therefore <span class=\"_ _f\"></span>been <span class=\"_ _f\"></span>included<span class=\"_ _351\"> </span>as a reconci<span class=\"_ _0\"></span>ling di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en unde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing and s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tuto<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Th<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ef<span class=\"_ _2\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s of th<span class=\"_ _0\"></span>e ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e are<span class=\"_ _0\"></span> exclu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> und<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>. In<span class=\"_ _0\"></span> add<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> in ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> rate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> or cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> amou<span class=\"_ _0\"></span>nt of recovera<span class=\"_ _0\"></span>ble de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x or adv<span class=\"_ _0\"></span>ance co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ta<span class=\"_ _0\"></span>x reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed are als<span class=\"_ _0\"></span>o exclude<span class=\"_ _0\"></span>d.<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e Gr<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>\u2019s<span class=\"_ _0\"></span> bu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s on<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s de<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ab<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> a <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g result<span class=\"_ _0\"></span>s to those rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed in the con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted inc<span class=\"_ _0\"></span>ome st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _351\"> </span>Civil\u2002Aerospace\u2002\u00a3m\u2002Defence\u2002\u00a3m\u2002Power\u2002Systems\u2002\u00a3m\u2002New\u2002Ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>\u2002\u00a3m\u2002Other\u2002businesses\u2002\u00a3m\u2002Corpo<span class=\"_ _0\"></span>rate\u2002and\u2002I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>r-<span class=\"_ _351\"> </span>segment\u2002\u00a3m\u2002To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>\u2002Underlying<span class=\"_ _351\"> </span>\u00a3m\u2002Y<span class=\"_ _f\"></span>ear\u2002ended\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>Underlying r<span class=\"_ _f\"></span>evenue from <span class=\"_ _3\"></span>sale of origina<span class=\"_ _3\"></span>l equipment<span class=\"_ _7d\"> </span><span class=\"ffc2 ls15b ws189\">1,982 <span class=\"_ _5d\"> </span><span class=\"ffbb ls3 ws3\">1<span class=\"_ _0\"></span>,63<span class=\"_ _0\"></span>4\u2002<span class=\"_ _5a\"> </span></span><span class=\"ls6d wscb\">2<span class=\"_ _2\"></span>,18<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _75\"> </span><span class=\"ls3 ws3\">1 <span class=\"_ _2b\"> </span><span class=\"ffbb\">\u2013<span class=\"_ _ae\"> </span></span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _10d\"> </span><span class=\"lsa9 wsd6\">5,799<span class=\"_ _3\"></span> </span></span></span></span></span>Underlying r<span class=\"_ _f\"></span>evenue from <span class=\"_ _3\"></span>aftermarket services<span class=\"_ _f2\"> </span><span class=\"ffbb\">3<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>04<span class=\"_ _0\"></span>\u2002<span class=\"_ _10d\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>,02<span class=\"_ _0\"></span>6\u2002<span class=\"_ _cc\"> </span><span class=\"ls6d wscb\">1,1<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>\u2002<span class=\"_ _2b\"> </span></span><span class=\"ffc2\">2 <span class=\"_ _2b\"> </span></span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _10d\"> </span><span class=\"ffc2\">6,8<span class=\"_ _0\"></span>92<span class=\"_ _351\"> </span></span></span></span>T<span class=\"_ _f\"></span>otal\u2002underlying\u2002r<span class=\"_ _3\"></span>evenue\u2002<span class=\"_ _116\"> </span><span class=\"ffc2 lsa9 wsd6\">5,68<span class=\"_ _3\"></span>6 <span class=\"_ _114\"> </span><span class=\"ffbb\">3,660\u2002<span class=\"_ _ad\"> </span><span class=\"ls83 wsb1\">3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>47\u2002<span class=\"_ _ae\"> </span><span class=\"ls3 ws3\">3\u2002<span class=\"_ _2b\"> </span>\u2013<span class=\"_ _ae\"> </span></span></span></span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _10b\"> </span><span class=\"lsaa wsd7\">12,691<span class=\"_ _351\"> </span></span></span></span>Gr<span class=\"_ _3\"></span>oss profit/(loss)<span class=\"_ _fb\"> </span><span class=\"ffbb ls3\">853\u2002<span class=\"_ _81\"> </span><span class=\"ffc2\">7<span class=\"_ _0\"></span>26 <span class=\"_ _99\"> </span>918 <span class=\"_ _7b\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>)<span class=\"_ _7d\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _73\"> </span></span></span></span>10\u2002<span class=\"_ _5d\"> </span><span class=\"ls83 wsb1\">2<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>47<span class=\"_ _0\"></span>7\u2002</span></span>Commer<span class=\"_ _3\"></span>cial and admini<span class=\"_ _3\"></span>strative costs<span class=\"_ _203\"> </span><span class=\"ffbb ls7b wsaa\">(371)<span class=\"_ _68\"> </span><span class=\"ls9f wscd\">(<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>74)<span class=\"_ _124\"> </span><span class=\"ls68 ws95\">(44<span class=\"_ _0\"></span>1)<span class=\"_ _7f\"> </span><span class=\"ls6d wscb\">(2<span class=\"_ _0\"></span>3)<span class=\"_ _1a\"> </span><span class=\"ffc2 ls77 wsa5\">(2)<span class=\"_ _71\"> </span></span></span></span></span><span class=\"ffc2\">(51)<span class=\"_ _10b\"> </span></span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>62<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Resear<span class=\"_ _3\"></span>ch and dev<span class=\"_ _3\"></span>elopment costs<span class=\"_ _e3\"> </span><span class=\"ffbb ls68 ws95\">(4<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span><span class=\"ffc2 ls63 ws90\">(1<span class=\"_ _0\"></span>22)<span class=\"_ _56\"> </span></span><span class=\"ls74 wsa2\">(204)<span class=\"_ _a0\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8)<span class=\"_ _ae\"> </span><span class=\"ls3 ws3\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _95\"> </span><span class=\"ffc2 ls6c ws99\">(8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span></span></span></span></span>Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>esults of joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _1e\"> </span><span class=\"ffbb ls3 ws3\">113\u2002<span class=\"_ _ae\"> </span><span class=\"ffc2\">2 <span class=\"_ _60\"> </span>8 <span class=\"_ _84\"> </span></span>\u2013\u2002<span class=\"_ _ae\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _61\"> </span>123\u2002</span>Underlying\u2002opera<span class=\"_ _3\"></span>ting\u2002profit/(los<span class=\"_ _3\"></span>s)\u2002<span class=\"_ _13b\"> </span><span class=\"ls62 ws8f\">143\u2002<span class=\"_ _81\"> </span><span class=\"ls60 ws8d\">4<span class=\"_ _0\"></span>32\u2002<span class=\"_ _61\"> </span><span class=\"ffc2 ls3 ws3\">281 <span class=\"_ _124\"> </span></span>(1<span class=\"_ _0\"></span>32)<span class=\"_ _aa\"> </span><span class=\"ls77 wsa5\">(<span class=\"_ _0\"></span>31)<span class=\"_ _71\"> </span><span class=\"ls68 ws95\">(41<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span><span class=\"ffc2 ls6c ws99\">6<span class=\"_ _0\"></span>52<span class=\"_ _351\"> </span></span></span></span></span></span>Y<span class=\"_ _f\"></span>ear ended 31 December <span class=\"_ _3\"></span>2021<span class=\"_ _351\"> </span>Underlying r<span class=\"_ _f\"></span>evenue from <span class=\"_ _3\"></span>sale of origina<span class=\"_ _3\"></span>l equipment<span class=\"_ _72\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>12 <span class=\"_ _6b\"> </span><span class=\"ls6c ws99\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>411 <span class=\"_ _2a\"> </span><span class=\"lsce wsf8\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _84\"> </span></span></span><span class=\"ffbf\">\u2013<span class=\"_ _71\"> </span></span>15<span class=\"_ _0\"></span>5<span class=\"_ _15a\"> </span><span class=\"ls80 wsae\">(11)<span class=\"_ _6e\"> </span></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>911<span class=\"_ _351\"> </span></span>Underlying r<span class=\"_ _f\"></span>evenue from <span class=\"_ _3\"></span>aftermarket services<span class=\"_ _38\"> </span><span class=\"ls62 ws8f\">2,9<span class=\"_ _0\"></span>24 <span class=\"_ _154\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>57 <span class=\"_ _1f7\"> </span>1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5 <span class=\"_ _ae\"> </span>2 <span class=\"_ _7d\"> </span>148 <span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013<span class=\"_ _5d\"> </span></span><span class=\"ls9c wsc9\">6,036<span class=\"_ _351\"> </span></span></span></span>T<span class=\"_ _3\"></span>otal underlying r<span class=\"_ _f\"></span>evenue<span class=\"_ _e4\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>53<span class=\"_ _0\"></span>6 <span class=\"_ _9c\"> </span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>8 <span class=\"_ _5d\"> </span><span class=\"lsce wsf8\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _ae\"> </span></span>2 <span class=\"_ _5e\"> </span>30<span class=\"_ _0\"></span>3 <span class=\"_ _64\"> </span><span class=\"ls80 wsae\">(11)<span class=\"_ _a4\"> </span><span class=\"ls63 ws90\">10<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>47<span class=\"_ _351\"> </span></span></span></span>Gr<span class=\"_ _3\"></span>oss profit/(loss)<span class=\"_ _204\"> </span><span class=\"lsce wsf8\">474<span class=\"_ _2\"></span> <span class=\"_ _7f\"> </span></span><span class=\"ls3\">72<span class=\"_ _0\"></span>1 <span class=\"_ _81\"> </span>7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>8 <span class=\"_ _de\"> </span>1 <span class=\"_ _83\"> </span><span class=\"ls6b ws98\">32 <span class=\"_ _67\"> </span><span class=\"ls80 wsae\">(10)<span class=\"_ _5d\"> </span></span></span>1,9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span>Commer<span class=\"_ _3\"></span>cial and admini<span class=\"_ _3\"></span>strative costs<span class=\"_ _29\"> </span><span class=\"ls3 ws3\">(297<span class=\"_ _0\"></span>)<span class=\"_ _6c\"> </span><span class=\"ls80 wsae\">(1<span class=\"_ _0\"></span>61)<span class=\"_ _56\"> </span><span class=\"ls6b ws98\">(3<span class=\"_ _0\"></span>83)<span class=\"_ _1a\"> </span>(3)<span class=\"_ _7d\"> </span></span>(20)<span class=\"_ _61\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5)<span class=\"_ _95\"> </span><span class=\"ls62 ws8f\">(899)<span class=\"_ _351\"> </span></span></span></span></span>Resear<span class=\"_ _3\"></span>ch and dev<span class=\"_ _3\"></span>elopment costs<span class=\"_ _13b\"> </span><span class=\"ls74 wsa2\">(4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _6b\"> </span><span class=\"ls65 ws92\">(1<span class=\"_ _0\"></span>05)<span class=\"_ _68\"> </span><span class=\"ls6e ws9b\">(157<span class=\"_ _0\"></span>)<span class=\"_ _7d\"> </span><span class=\"ls80 wsae\">(6<span class=\"_ _0\"></span>8)<span class=\"_ _67\"> </span>(1<span class=\"_ _0\"></span>0)<span class=\"_ _84\"> </span><span class=\"ffbf ls3 ws3\">\u2013<span class=\"_ _157\"> </span></span><span class=\"lsce wsf8\">(<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span></span>Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>esults of joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _1a2\"> </span><span class=\"ls3 ws3\">85 <span class=\"_ _ae\"> </span>2 <span class=\"_ _ae\"> </span>4 <span class=\"_ _2b\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _64\"> </span></span>9<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span>Underlying oper<span class=\"_ _3\"></span>ating (loss)/pr<span class=\"_ _3\"></span>ofit<span class=\"_ _f6\"> </span><span class=\"ls6e ws9b\">(172<span class=\"_ _0\"></span>)<span class=\"_ _81\"> </span><span class=\"ls3 ws3\">457<span class=\"_ _67\"> </span></span>242 <span class=\"_ _7d\"> </span><span class=\"ls80 wsae\">(<span class=\"_ _0\"></span>70)<span class=\"_ _ae\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _5c\"> </span><span class=\"ls74 wsa2\">(4<span class=\"_ _0\"></span>5)<span class=\"_ _61\"> </span><span class=\"ls6c ws99\">414<span class=\"_ _351\"> </span></span></span></span></span></span>2\u2002<span class=\"_ _c\"> </span>Se<span class=\"_ _0\"></span>gmental\u2002anal<span class=\"_ _3\"></span>ysis\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>2\u2002<span class=\"_ _c\"> </span>Se<span class=\"_ _0\"></span>gmental\u2002anal<span class=\"_ _3\"></span>ysis\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Reconcilia<span class=\"_ _3\"></span>tion to sta<span class=\"_ _3\"></span>tutory r<span class=\"_ _3\"></span>esults<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>\u2002underlying<span class=\"_ _351\"> </span>\u00a3m\u2002Underlying\u2002adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s\u2002an<span class=\"_ _0\"></span>d\u2002adjustments\u2002to\u2002fo<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n\u2002exc<span class=\"_ _3\"></span>hange<span class=\"_ _351\"> </span>\u00a3m\u2002Grou<span class=\"_ _0\"></span>p\u2002statutory\u2002result<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m\u2002Y<span class=\"_ _f\"></span>ear\u2002ended\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>Continuing\u2002opera<span class=\"_ _3\"></span>tions<span class=\"_ _351\"> </span>Revenue <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>sale of original <span class=\"_ _3\"></span>equipment<span class=\"_ _205\"> </span><span class=\"ffc2 lsa9 wsd6\">5,7<span class=\"_ _3\"></span>99 <span class=\"_ _65\"> </span><span class=\"ffbb ls9f wscd\">4<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>\u2002<span class=\"_ _15a\"> </span><span class=\"ls3 ws3\">6,<span class=\"_ _0\"></span>27<span class=\"_ _0\"></span>3\u2002</span></span></span>Revenue <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>aftermarket services<span class=\"_ _206\"> </span><span class=\"ffc2 ls3 ws3\">6,<span class=\"_ _0\"></span>892 <span class=\"_ _c4\"> </span><span class=\"ffbb\">355\u2002<span class=\"_ _ae\"> </span><span class=\"ls85 wsb3\">7,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>\u2002</span></span></span>T<span class=\"_ _f\"></span>otal\u2002re<span class=\"_ _3\"></span>venue\u2002<span class=\"_ _196\"> </span><span class=\"ffc2 lsaa wsd7\">12,691 <span class=\"_ _dc\"> </span><span class=\"ls3 ws3\">82<span class=\"_ _0\"></span>9 <span class=\"_ _72\"> </span></span></span><span class=\"ls6c ws99\">13<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>520<span class=\"_ _0\"></span>\u2002</span>Gr<span class=\"_ _3\"></span>oss profit<span class=\"_ _207\"> </span><span class=\"ffbb ls83 wsb1\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>47<span class=\"_ _2\"></span>7\u2002<span class=\"_ _dc\"> </span><span class=\"ls3 ws3\">28<span class=\"_ _0\"></span>0\u2002<span class=\"_ _60\"> </span></span></span><span class=\"ffc2 ws8a\">2<span class=\"_ _0\"></span>,75<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span>Commer<span class=\"_ _3\"></span>cial and admini<span class=\"_ _3\"></span>strative costs<span class=\"_ _176\"> </span><span class=\"ffbb ls63 ws90\">(1,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>62)<span class=\"_ _c3\"> </span><span class=\"ffc2 lsb5 ws9a\">(1<span class=\"_ _0\"></span>5)<span class=\"_ _26\"> </span></span>(1<span class=\"_ _0\"></span>,07<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Resear<span class=\"_ _3\"></span>ch and dev<span class=\"_ _3\"></span>elopment costs<span class=\"_ _208\"> </span><span class=\"ffc2 ls6c ws99\">(88<span class=\"_ _0\"></span>6)<span class=\"_ _38\"> </span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _bb\"> </span></span>(8<span class=\"_ _0\"></span>91<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>esults of joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _209\"> </span><span class=\"ffbb ls3 ws3\">123\u2002<span class=\"_ _17e\"> </span><span class=\"ffc2 lsb5 ws9a\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5)<span class=\"_ _39\"> </span></span>48\u2002</span>Operating\u2002pr<span class=\"_ _f\"></span>ofit<span class=\"_ _192\"> </span><span class=\"ffc2 ls6c ws99\">652 <span class=\"_ _19\"> </span><span class=\"ls3 ws3\">18<span class=\"_ _0\"></span>5 <span class=\"_ _e7\"> </span></span></span><span class=\"ls62 ws8f\">837\u2002</span>Gain arising on the disposal of businesses<span class=\"_ _20a\"> </span><span class=\"ffbb ls3\">\u2013\u2002<span class=\"_ _f2\"> </span><span class=\"ffc2\">81 <span class=\"_ _f2\"> </span>81<span class=\"_ _351\"> </span></span></span>Profit\u2002bef<span class=\"_ _3\"></span>ore\u2002financing\u2002and\u2002ta<span class=\"_ _3\"></span>xation<span class=\"_ _20b\"> </span><span class=\"ffc2 ls6c ws99\">652 <span class=\"_ _dc\"> </span><span class=\"ls3 ws3\">26<span class=\"_ _0\"></span>6 <span class=\"_ _19\"> </span>918<span class=\"_ _351\"> </span></span></span>Net financing<span class=\"_ _19f\"> </span><span class=\"ffbb ls68 ws95\">(4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _1a\"> </span><span class=\"ls15b ws189\">(1,9<span class=\"_ _3\"></span>7<span class=\"_ _f\"></span>4)<span class=\"_ _72\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>20)<span class=\"_ _351\"> </span></span></span></span>Profit/(lo<span class=\"_ _3\"></span>ss)\u2002befor<span class=\"_ _3\"></span>e\u2002taxation<span class=\"_ _20c\"> </span><span class=\"ls3 ws3\">206\u2002<span class=\"_ _1a\"> </span></span>(1,70<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _64\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>02)<span class=\"_ _351\"> </span></span>T<span class=\"_ _3\"></span>axation <span class=\"_ _20d\"> </span><span class=\"ffbb ls68 ws95\">(4<span class=\"_ _0\"></span>8)<span class=\"_ _dc\"> </span><span class=\"ls3 ws3\">356\u2002<span class=\"_ _c5\"> </span>30<span class=\"_ _0\"></span>8\u2002</span></span>Profit/(lo<span class=\"_ _3\"></span>ss)\u2002for\u2002the\u2002year\u2002fr<span class=\"_ _f\"></span>om\u2002continuing\u2002operations<span class=\"_ _13\"> </span><span class=\"ffc2 ls3 ws3\">1<span class=\"_ _0\"></span>58 <span class=\"_ _1a\"> </span></span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span>2)<span class=\"_ _85\"> </span><span class=\"ls6d wscb\">(1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>Discontinued oper<span class=\"_ _3\"></span>ations<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>67 <span class=\"_ _dc\"> </span><span class=\"ffbb ls83 wsb1\">(<span class=\"_ _0\"></span>147<span class=\"_ _0\"></span>)<span class=\"_ _19\"> </span><span class=\"ls63 ws90\">(8<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span>Profit/(lo<span class=\"_ _3\"></span>ss)\u2002for\u2002the\u2002year<span class=\"_ _20e\"> </span><span class=\"ffc2 ls3 ws3\">225 <span class=\"_ _64\"> </span></span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>99)<span class=\"_ _62\"> </span><span class=\"ls9f wscd\">(<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Attributable\u2002to:<span class=\"_ _351\"> </span>Or<span class=\"_ _3\"></span>dinary shar<span class=\"_ _3\"></span>eholders<span class=\"_ _1c6\"> </span><span class=\"ffbb ls3 ws3\">23<span class=\"_ _0\"></span>0\u2002<span class=\"_ _64\"> </span><span class=\"ls63 ws90\">(1,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9)<span class=\"_ _64\"> </span><span class=\"ffc2 lsaa wsd7\">(1,<span class=\"_ _0\"></span>269)<span class=\"_ _351\"> </span></span></span></span>Non-contr<span class=\"_ _3\"></span>olling inter<span class=\"_ _3\"></span>ests<span class=\"_ _20f\"> </span><span class=\"ffc2 lsb5 ws9a\">(5)<span class=\"_ _f7\"> </span><span class=\"ffbb ls3 ws3\">\u2013\u2002<span class=\"_ _38\"> </span></span>(5)<span class=\"_ _351\"> </span></span>Y<span class=\"_ _f\"></span>ear ended 31 December <span class=\"_ _3\"></span>2021<span class=\"_ _351\"> </span>Continuing oper<span class=\"_ _3\"></span>ations<span class=\"_ _351\"> </span>Revenue <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>sale of original <span class=\"_ _3\"></span>equipment<span class=\"_ _210\"> </span><span class=\"ls3 ws3\">4,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>11 <span class=\"_ _ed\"> </span><span class=\"ls7b wsaa\">152 <span class=\"_ _6f\"> </span></span>5<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>63<span class=\"_ _351\"> </span></span>Revenue <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>aftermarket services<span class=\"_ _78\"> </span><span class=\"ls9c wsc9\">6,036 <span class=\"_ _bf\"> </span><span class=\"ls3 ws3\">11<span class=\"_ _0\"></span>9 <span class=\"_ _ae\"> </span><span class=\"ls7b wsaa\">6,1<span class=\"_ _0\"></span>55<span class=\"_ _351\"> </span></span></span></span>T<span class=\"_ _3\"></span>otal r<span class=\"_ _3\"></span>evenue<span class=\"_ _1e6\"> </span><span class=\"ls63 ws90\">1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>947<span class=\"_ _0\"></span> <span class=\"_ _ed\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>71 <span class=\"_ _7b\"> </span>11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>18<span class=\"_ _351\"> </span></span></span>Gr<span class=\"_ _3\"></span>oss profit<span class=\"_ _207\"> </span><span class=\"ls3\">1,<span class=\"_ _0\"></span>99<span class=\"_ _0\"></span>6 <span class=\"_ _d2\"> </span>1<span class=\"_ _0\"></span>40 <span class=\"_ _2b\"> </span><span class=\"ls7b wsaa\">2<span class=\"_ _0\"></span>,13<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>Commer<span class=\"_ _3\"></span>cial and admini<span class=\"_ _3\"></span>strative costs<span class=\"_ _211\"> </span><span class=\"ls62 ws8f\">(89<span class=\"_ _0\"></span>9)<span class=\"_ _28\"> </span><span class=\"ls3 ws3\">9 <span class=\"_ _75\"> </span><span class=\"ls80 wsae\">(89<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></span>Resear<span class=\"_ _3\"></span>ch and dev<span class=\"_ _3\"></span>elopment costs<span class=\"_ _212\"> </span><span class=\"lsce wsf8\">(<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _27\"> </span><span class=\"ls74 wsa2\">(4)<span class=\"_ _57\"> </span><span class=\"ls62 ws8f\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span></span></span>Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>esults of joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _1d3\"> </span><span class=\"ls3 ws3\">91 <span class=\"_ _ed\"> </span><span class=\"ls74 wsa2\">(46)<span class=\"_ _ca\"> </span></span>4<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span>Operating <span class=\"_ _3\"></span>profit<span class=\"_ _213\"> </span><span class=\"ls6c ws99\">414 <span class=\"_ _f5\"> </span><span class=\"ls3 ws3\">9<span class=\"_ _0\"></span>9 <span class=\"_ _ed\"> </span><span class=\"ls74 wsa2\">513<span class=\"_ _351\"> </span></span></span></span>Gain arising on the disposal of businesses<span class=\"_ _20a\"> </span><span class=\"ffbf ls3\">\u2013 <span class=\"_ _39\"> </span><span class=\"ffbd\">56 <span class=\"_ _39\"> </span>56<span class=\"_ _351\"> </span></span></span>Pr<span class=\"_ _3\"></span>ofit befor<span class=\"_ _3\"></span>e financing <span class=\"_ _3\"></span>and taxation <span class=\"_ _214\"> </span><span class=\"ls6c ws99\">414 <span class=\"_ _11e\"> </span><span class=\"ls3 ws3\">15<span class=\"_ _0\"></span>5 <span class=\"_ _c5\"> </span><span class=\"ls97 wsc4\">569<span class=\"_ _351\"> </span></span></span></span>Net financing<span class=\"_ _215\"> </span><span class=\"ls9c wsc9\">(378)<span class=\"_ _a8\"> </span><span class=\"ls74 wsa2\">(4<span class=\"_ _2\"></span>85)<span class=\"_ _a8\"> </span><span class=\"ls90 wsbd\">(863)<span class=\"_ _351\"> </span></span></span></span>Pr<span class=\"_ _3\"></span>ofit/(loss) befor<span class=\"_ _3\"></span>e taxation<span class=\"_ _1e9\"> </span><span class=\"ls3 ws3\">36 <span class=\"_ _de\"> </span><span class=\"ls80 wsae\">(3<span class=\"_ _0\"></span>30)<span class=\"_ _58\"> </span><span class=\"ls60 ws8d\">(2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span></span>T<span class=\"_ _3\"></span>axation <span class=\"_ _20d\"> </span><span class=\"ls80 wsae\">(2<span class=\"_ _0\"></span>6)<span class=\"_ _dc\"> </span><span class=\"ls1af ws20e\">444<span class=\"_ _f\"></span> <span class=\"_ _11e\"> </span><span class=\"ls6c ws99\">41<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span>Pr<span class=\"_ _3\"></span>ofit for the <span class=\"_ _3\"></span>year fr<span class=\"_ _f\"></span>om continuing operations<span class=\"_ _216\"> </span><span class=\"ls3 ws3\">10 <span class=\"_ _f5\"> </span>1<span class=\"_ _0\"></span>14 <span class=\"_ _ed\"> </span><span class=\"ls62 ws8f\">124<span class=\"_ _351\"> </span></span></span>Discontinued oper<span class=\"_ _3\"></span>ations<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>51 <span class=\"_ _ed\"> </span><span class=\"ls60 ws8d\">(54)<span class=\"_ _38\"> </span><span class=\"ls6b ws98\">(3)<span class=\"_ _351\"> </span></span></span>Profit\u2002f<span class=\"_ _3\"></span>or\u2002the\u2002year<span class=\"_ _217\"> </span><span class=\"ffbd ls3 ws3\">61 <span class=\"_ _bf\"> </span>6<span class=\"_ _0\"></span>0 <span class=\"_ _c3\"> </span>12<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span>Attributable to:<span class=\"_ _351\"> </span>Or<span class=\"_ _3\"></span>dinary shar<span class=\"_ _3\"></span>eholders<span class=\"_ _20e\"> </span><span class=\"ls3 ws3\">6<span class=\"_ _0\"></span>0 <span class=\"_ _bf\"> </span>6<span class=\"_ _0\"></span>0 <span class=\"_ _19\"> </span>12<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span>Non-contr<span class=\"_ _3\"></span>olling inter<span class=\"_ _3\"></span>ests<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">1 <span class=\"_ _219\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _21a\"> </span></span>1<span class=\"_ _351\"> </span></span>1 <span class=\"_ _1\"> </span> Discontinued oper<span class=\"_ _3\"></span>ations relate <span class=\"_ _3\"></span>to the r<span class=\"_ _3\"></span>esults of ITP Aer<span class=\"_ _f\"></span>o and are <span class=\"_ _3\"></span>presented net <span class=\"_ _3\"></span>of intercompany <span class=\"_ _3\"></span>trading eliminations <span class=\"_ _3\"></span>and related <span class=\"_ _3\"></span>consolidation adjustments<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>2\u2002<span class=\"_ _c\"> </span>Se<span class=\"_ _0\"></span>gmental\u2002anal<span class=\"_ _3\"></span>ysis\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Disaggr<span class=\"_ _3\"></span>egation of <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>enue fr<span class=\"_ _3\"></span>om contr<span class=\"_ _f\"></span>ac<span class=\"_ _0\"></span>ts with cus<span class=\"_ _3\"></span>tomers<span class=\"_ _351\"> </span>Anal<span class=\"_ _f\"></span>ysis b<span class=\"_ _3\"></span>y type and <span class=\"_ _3\"></span>basis <span class=\"_ _3\"></span>of r<span class=\"_ _3\"></span>ecognition<span class=\"_ _351\"> </span>Civil\u2002Aerospace<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Defence<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Power\u2002Systems<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>New\u2002Ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>\u2002\u00a3m<span class=\"_ _351\"> </span>Other\u2002businesses\u2002\u00a3m<span class=\"_ _351\"> </span>Corpo<span class=\"_ _0\"></span>rate\u2002and\u2002I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>r-<span class=\"_ _351\"> </span>segment\u2002\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>\u2002Underlying<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Y<span class=\"_ _f\"></span>ear\u2002ended\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>at a point <span class=\"_ _3\"></span>in time<span class=\"_ _b6\"> </span><span class=\"ffc2 ls15b ws189\">1,982 <span class=\"_ _6b\"> </span><span class=\"ls3 ws3\">689 <span class=\"_ _5a\"> </span><span class=\"ls6d wscb\">2<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>55<span class=\"_ _0\"></span> <span class=\"_ _75\"> </span></span>1 <span class=\"_ _2b\"> </span><span class=\"ffbb\">\u2013\u2002<span class=\"_ _1a\"> </span></span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _1f7\"> </span></span><span class=\"ffbb\">4,<span class=\"_ _0\"></span>822\u2002</span></span></span>Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>over time<span class=\"_ _21b\"> </span><span class=\"ffbb ls3 ws3\">\u2013\u2002<span class=\"_ _5e\"> </span>94<span class=\"_ _0\"></span>5\u2002<span class=\"_ _83\"> </span><span class=\"ls60 ws8d\">32\u2002<span class=\"_ _2b\"> </span></span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _81\"> </span><span class=\"ffc2\">9<span class=\"_ _0\"></span>77<span class=\"_ _351\"> </span></span></span>Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed at a point <span class=\"_ _3\"></span>in time<span class=\"_ _c5\"> </span><span class=\"ffc2 ls3 ws3\">8<span class=\"_ _0\"></span>65 <span class=\"_ _68\"> </span><span class=\"ls73 wsa1\">769<span class=\"_ _0\"></span> <span class=\"_ _6a\"> </span><span class=\"ffbb\">1<span class=\"_ _0\"></span>,076\u2002<span class=\"_ _2b\"> </span></span></span>2 <span class=\"_ _2b\"> </span><span class=\"ffbb\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2a\"> </span></span></span><span class=\"ffc2\">2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span> </span>Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed over time<span class=\"_ _17\"> </span><span class=\"ffc2\">2<span class=\"_ _2\"></span>,7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _5a\"> </span><span class=\"ls6c ws99\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>257<span class=\"_ _0\"></span> <span class=\"_ _72\"> </span><span class=\"ffbb ls3 ws3\">8<span class=\"_ _0\"></span>4\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _95\"> </span>4,113\u2002</span></span></span>T<span class=\"_ _f\"></span>otal\u2002underlying\u2002customer\u2002contr<span class=\"_ _3\"></span>act\u2002re<span class=\"_ _3\"></span>venue\u20021<span class=\"_ _351\"> </span>5,6<span class=\"_ _0\"></span>19 <span class=\"_ _114\"> </span><span class=\"ffbb lsa9 wsd6\">3,660\u2002<span class=\"_ _ad\"> </span><span class=\"ls83 wsb1\">3<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>47\u2002<span class=\"_ _2b\"> </span></span></span><span class=\"ffbb\">3\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _1a\"> </span></span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _a4\"> </span><span class=\"ffbb lsaa wsd7\">12<span class=\"_ _0\"></span>,624\u2002</span></span>Other underlying r<span class=\"_ _f\"></span>evenue<span class=\"_ _21c\"> </span><span class=\"ffc2 ls3 ws3\">67 <span class=\"_ _2b\"> </span><span class=\"ffbb\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _5c\"> </span></span>6<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>otal\u2002underlying\u2002r<span class=\"_ _3\"></span>evenue<span class=\"_ _129\"> </span><span class=\"ffc2 lsa9 wsd6\">5,686 <span class=\"_ _114\"> </span><span class=\"ffbb\">3,660\u2002<span class=\"_ _ad\"> </span><span class=\"ls83 wsb1\">3<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>347<span class=\"_ _0\"></span>\u2002<span class=\"_ _ae\"> </span><span class=\"ls3 ws3\">3\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _1a\"> </span></span></span></span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _10b\"> </span><span class=\"lsaa wsd7\">12,691<span class=\"_ _351\"> </span></span></span></span>Y<span class=\"_ _f\"></span>ear ended 31 December <span class=\"_ _3\"></span>2021<span class=\"_ _351\"> </span>Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>at a point <span class=\"_ _3\"></span>in time<span class=\"_ _19\"> </span><span class=\"ls3 ws3\">1,6<span class=\"_ _0\"></span>12 <span class=\"_ _156\"> </span>6<span class=\"_ _0\"></span>04 <span class=\"_ _5a\"> </span></span>1<span class=\"_ _0\"></span>,7<span class=\"_ _2\"></span>20<span class=\"_ _0\"></span> <span class=\"_ _2b\"> </span><span class=\"ffbf ls3 ws3\">\u2013 <span class=\"_ _7f\"> </span></span><span class=\"ls6e ws9b\">142 <span class=\"_ _64\"> </span><span class=\"ls80 wsae\">(11)<span class=\"_ _10d\"> </span><span class=\"ls3 ws3\">4,0<span class=\"_ _0\"></span>67<span class=\"_ _351\"> </span></span></span></span>Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>over time<span class=\"_ _21b\"> </span><span class=\"ffbf ls3 ws3\">\u2013 <span class=\"_ _124\"> </span></span><span class=\"ls6e ws9b\">807 <span class=\"_ _83\"> </span><span class=\"ls62 ws8f\">24 <span class=\"_ _2b\"> </span><span class=\"ffbf ls3 ws3\">\u2013 <span class=\"_ _26\"> </span><span class=\"ffbd\">13 <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _124\"> </span><span class=\"ffbd\">84<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span></span></span></span>Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed at a point <span class=\"_ _3\"></span>in time<span class=\"_ _dc\"> </span><span class=\"ls52 wse4\">629<span class=\"_ _3\"></span> <span class=\"_ _68\"> </span><span class=\"ls3 ws3\">82<span class=\"_ _0\"></span>5 <span class=\"_ _7d\"> </span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1 <span class=\"_ _ae\"> </span>2 <span class=\"_ _7d\"> </span>148 <span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _59\"> </span></span><span class=\"ls63 ws90\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span></span>Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed over time<span class=\"_ _1fe\"> </span><span class=\"ls90 wsbd\">2,223 <span class=\"_ _92\"> </span><span class=\"ls7b wsaa\">1,132<span class=\"_ _0\"></span> <span class=\"_ _7d\"> </span><span class=\"ls3 ws3\">134 <span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _9c\"> </span></span>3,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span></span>T<span class=\"_ _3\"></span>otal underlying custom<span class=\"_ _3\"></span>er contract <span class=\"_ _3\"></span>revenue<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>4,464 <span class=\"_ _9c\"> </span><span class=\"ls3 ws3\">3,<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>8 <span class=\"_ _5d\"> </span><span class=\"lsce wsf8\">2<span class=\"_ _2\"></span>,74<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _2b\"> </span></span>2 <span class=\"_ _5e\"> </span>303 <span class=\"_ _64\"> </span><span class=\"ls80 wsae\">(11)<span class=\"_ _a4\"> </span><span class=\"ls9c wsc9\">1<span class=\"_ _0\"></span>0,875<span class=\"_ _351\"> </span></span></span></span>Other underlying r<span class=\"_ _f\"></span>evenue<span class=\"_ _1f8\"> </span><span class=\"ls3 ws3\">7<span class=\"_ _0\"></span>2 <span class=\"_ _2b\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _83\"> </span></span>7<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span>T<span class=\"_ _3\"></span>otal underlying r<span class=\"_ _f\"></span>evenue<span class=\"_ _e4\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>53<span class=\"_ _0\"></span>6 <span class=\"_ _9c\"> </span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>8 <span class=\"_ _5d\"> </span><span class=\"lsce wsf8\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _ae\"> </span></span>2 <span class=\"_ _5e\"> </span>30<span class=\"_ _0\"></span>3 <span class=\"_ _64\"> </span><span class=\"ls80 wsae\">(11)<span class=\"_ _a4\"> </span><span class=\"ls63 ws90\">10<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>47<span class=\"_ _351\"> </span></span></span></span>1<span class=\"_ _351\"> </span>Includes \u00a3367m, <span class=\"_ _3\"></span>of which \u00a3360m r<span class=\"_ _3\"></span>elates to Civil L<span class=\"_ _f\"></span>TSA contracts, (2021: \u00a3159m, of which \u00a3214m <span class=\"_ _3\"></span>relates to Civil <span class=\"_ _3\"></span>LTSA <span class=\"_ _3\"></span>contracts) of r<span class=\"_ _3\"></span>evenue r<span class=\"_ _3\"></span>ecognised in the year r<span class=\"_ _f\"></span>elating to performance<span class=\"_ _351\"> </span>obligations satisfied in <span class=\"_ _3\"></span>previous year<span class=\"_ _3\"></span>s<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>\u2002underlying<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Underlying\u2002adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s\u2002an<span class=\"_ _0\"></span>d\u2002adjustments\u2002to\u2002fo<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n\u2002exc<span class=\"_ _3\"></span>hange<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Grou<span class=\"_ _0\"></span>p\u2002statutory\u2002resu<span class=\"_ _0\"></span>lts\u20021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Y<span class=\"_ _f\"></span>ear\u2002ended\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>at a point <span class=\"_ _3\"></span>in time<span class=\"_ _21d\"> </span><span class=\"ffbb ls3 ws3\">4,<span class=\"_ _0\"></span>822\u2002<span class=\"_ _d2\"> </span><span class=\"ls9f wscd\">4<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>\u2002<span class=\"_ _1a\"> </span></span><span class=\"ffc2\">5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>29<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>over time<span class=\"_ _21e\"> </span><span class=\"ffc2 ls3 ws3\">97<span class=\"_ _0\"></span>7 <span class=\"_ _f7\"> </span><span class=\"ffbb\">\u2013\u2002<span class=\"_ _e7\"> </span></span>97<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span>Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed at a point <span class=\"_ _3\"></span>in time<span class=\"_ _21f\"> </span><span class=\"ffc2\">2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2 <span class=\"_ _19\"> </span><span class=\"ffbb ls3 ws3\">164\u2002<span class=\"_ _85\"> </span></span><span class=\"ls73 wsa1\">2,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>76<span class=\"_ _351\"> </span></span></span>Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed over time<span class=\"_ _8f\"> </span><span class=\"ffbb ls3 ws3\">4<span class=\"_ _0\"></span>,113\u2002<span class=\"_ _11e\"> </span><span class=\"ffc2 ls73 wsa1\">1<span class=\"_ _0\"></span>76 <span class=\"_ _1a\"> </span></span>4,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>89\u2002</span>T<span class=\"_ _f\"></span>otal\u2002customer\u2002contract\u2002r<span class=\"_ _f\"></span>evenue<span class=\"_ _220\"> </span><span class=\"lsaa wsd7\">12,624\u2002<span class=\"_ _11e\"> </span><span class=\"ls62 ws8f\">814\u2002<span class=\"_ _72\"> </span><span class=\"lsd1 wsfc\">13,43<span class=\"_ _3\"></span>8\u2002</span></span></span>Other r<span class=\"_ _3\"></span>evenue<span class=\"_ _221\"> </span><span class=\"ffc2 ls3 ws3\">67 <span class=\"_ _f2\"> </span>1<span class=\"_ _0\"></span>5 <span class=\"_ _127\"> </span>82<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>otal\u2002re<span class=\"_ _3\"></span>venue\u2002<span class=\"_ _215\"> </span><span class=\"ffc2 lsaa wsd7\">12,691 <span class=\"_ _dc\"> </span><span class=\"ls3 ws3\">829 <span class=\"_ _5c\"> </span></span></span><span class=\"ls6c ws99\">13,<span class=\"_ _0\"></span>520<span class=\"_ _0\"></span>\u2002</span>Y<span class=\"_ _f\"></span>ear ended 31 December <span class=\"_ _3\"></span>2021<span class=\"_ _351\"> </span>Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>at a point <span class=\"_ _3\"></span>in time<span class=\"_ _153\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>7 <span class=\"_ _ed\"> </span><span class=\"ls7b wsaa\">152 <span class=\"_ _ae\"> </span></span>4,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>19<span class=\"_ _351\"> </span></span>Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>over time<span class=\"_ _20a\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4 <span class=\"_ _219\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _dc\"> </span></span>84<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span>Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed at a point <span class=\"_ _3\"></span>in time<span class=\"_ _1e7\"> </span><span class=\"ls63 ws90\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>475<span class=\"_ _0\"></span> <span class=\"_ _39\"> </span><span class=\"ls3 ws3\">38 <span class=\"_ _84\"> </span><span class=\"ls74 wsa2\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span></span></span>Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed over time<span class=\"_ _222\"> </span><span class=\"ls3 ws3\">3,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>89 <span class=\"_ _c9\"> </span>75 <span class=\"_ _26\"> </span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>56<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span>T<span class=\"_ _3\"></span>otal customer contr<span class=\"_ _f\"></span>act revenue<span class=\"_ _1a7\"> </span><span class=\"ls9c wsc9\">1<span class=\"_ _0\"></span>0,875 <span class=\"_ _c4\"> </span><span class=\"ls3 ws3\">265 <span class=\"_ _15a\"> </span><span class=\"ls7b wsaa\">11<span class=\"_ _0\"></span>,14<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span></span></span>Other r<span class=\"_ _3\"></span>evenue<span class=\"_ _223\"> </span><span class=\"ls3 ws3\">72 <span class=\"_ _d8\"> </span>6 <span class=\"_ _ca\"> </span>7<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span>T<span class=\"_ _3\"></span>otal r<span class=\"_ _3\"></span>evenue <span class=\"_ _224\"> </span><span class=\"ls63 ws90\">10<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>47 <span class=\"_ _ed\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1 <span class=\"_ _7b\"> </span>11,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>18<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>During the year <span class=\"_ _3\"></span>to 31 December 2022, <span class=\"_ _3\"></span>revenue <span class=\"_ _3\"></span>recognised within <span class=\"_ _3\"></span>Civil Aerospace, <span class=\"_ _3\"></span>Defence and P<span class=\"_ _3\"></span>ower Systems of \u00a31,788m <span class=\"_ _3\"></span>(2021: \u00a31,634m) was r<span class=\"_ _f\"></span>eceived from a <span class=\"_ _3\"></span>single customer<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>2\u2002<span class=\"_ _c\"> </span>Se<span class=\"_ _0\"></span>gmental\u2002anal<span class=\"_ _3\"></span>ysis\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Anal<span class=\"_ _f\"></span>ysis b<span class=\"_ _3\"></span>y geographic<span class=\"_ _3\"></span>al destina<span class=\"_ _3\"></span>tion<span class=\"_ _351\"> </span>The Gro<span class=\"_ _0\"></span>up\u2019s revenue by dest<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the ultim<span class=\"_ _0\"></span>ate ope<span class=\"_ _0\"></span>rato<span class=\"_ _0\"></span>r is as <span class=\"_ _3\"></span>fo<span class=\"_ _0\"></span>llow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m\u20022021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>United Kingdom<span class=\"_ _225\"> </span><span class=\"ffc2 lsaa wsd7\">1,669 <span class=\"_ _2b\"> </span></span><span class=\"ls3 ws3\">1,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>97<span class=\"_ _351\"> </span></span>Germany<span class=\"_ _226\"> </span><span class=\"ffc2 ls3 ws3\">855 <span class=\"_ _d2\"> </span><span class=\"ffbd\">737<span class=\"_ _351\"> </span></span></span>Switzerland<span class=\"_ _227\"> </span><span class=\"ffbb ls3 ws3\">334\u2002<span class=\"_ _19\"> </span><span class=\"ffbd\">1<span class=\"_ _0\"></span>64<span class=\"_ _351\"> </span></span></span>Ir<span class=\"_ _3\"></span>eland<span class=\"_ _228\"> </span><span class=\"ffbb ls60 ws8d\">328\u2002<span class=\"_ _f7\"> </span></span><span class=\"ls3 ws3\">5<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>urkey<span class=\"_ _229\"> </span><span class=\"ffbb lsaa wsd7\">220\u2002<span class=\"_ _19\"> </span></span><span class=\"ls3 ws3\">146<span class=\"_ _351\"> </span></span>Spain<span class=\"_ _22a\"> </span><span class=\"ffc2 ls3 ws3\">188 <span class=\"_ _d2\"> </span><span class=\"ffbd\">10<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>Fr<span class=\"_ _3\"></span>ance<span class=\"_ _228\"> </span><span class=\"ffc2 ls3 ws3\">255 <span class=\"_ _e7\"> </span></span><span class=\"ls6b ws98\">332<span class=\"_ _0\"></span> </span>Italy<span class=\"_ _22b\"> </span><span class=\"ffbb ls3 ws3\">238\u2002<span class=\"_ _ed\"> </span><span class=\"ffbd\">187<span class=\"_ _351\"> </span></span></span>Norway<span class=\"_ _22c\"> </span><span class=\"ffc2 ls3 ws3\">61 <span class=\"_ _19\"> </span><span class=\"ffbd\">14<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>Rest of <span class=\"_ _3\"></span>Europe<span class=\"_ _22d\"> </span><span class=\"ffbb ls3 ws3\">601\u2002<span class=\"_ _dc\"> </span></span><span class=\"ls52 wse4\">629<span class=\"_ _351\"> </span></span>Europe<span class=\"_ _226\"> </span><span class=\"ls9f wscd\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>\u2002<span class=\"_ _1a\"> </span><span class=\"ffbd ls3 ws3\">3,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>49<span class=\"_ _351\"> </span></span></span>United States<span class=\"_ _22e\"> </span><span class=\"ffbb ls3 ws3\">4,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>34\u2002<span class=\"_ _85\"> </span></span><span class=\"ls7b wsaa\">3,<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span>Canada<span class=\"_ _22f\"> </span><span class=\"ffc2 ls3 ws3\">267 <span class=\"_ _e7\"> </span><span class=\"ffbd\">23<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span>North\u2002America<span class=\"_ _230\"> </span><span class=\"ls3 ws3\">4,<span class=\"_ _0\"></span>601\u2002<span class=\"_ _62\"> </span></span><span class=\"ffbd\">3<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span>South\u2002America<span class=\"_ _1ce\"> </span><span class=\"ffc2 ls5a ws9f\">168 <span class=\"_ _11e\"> </span><span class=\"ffbd ls6e ws9b\">170<span class=\"_ _351\"> </span></span></span>Centra<span class=\"_ _3\"></span>l\u2002America<span class=\"_ _22d\"> </span><span class=\"ffc2 ls3 ws3\">9<span class=\"_ _0\"></span>1 <span class=\"_ _127\"> </span><span class=\"ffbd ls80 wsae\">76<span class=\"_ _351\"> </span></span></span>Saudi Ar<span class=\"_ _3\"></span>abia<span class=\"_ _231\"> </span><span class=\"ffbb ls60 ws8d\">322\u2002<span class=\"_ _17e\"> </span></span><span class=\"ls3 ws3\">27<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span>Qatar<span class=\"_ _232\"> </span><span class=\"ffbb ls77 wsa5\">231<span class=\"_ _0\"></span>\u2002<span class=\"_ _c3\"> </span></span><span class=\"ls73 wsa1\">131<span class=\"_ _0\"></span> </span>United Ar<span class=\"_ _3\"></span>ab Emirates<span class=\"_ _9d\"> </span><span class=\"ffbb ls95 wsc2\">180\u2002<span class=\"_ _11e\"> </span></span><span class=\"ls3 ws3\">126<span class=\"_ _351\"> </span></span>Rest of <span class=\"_ _3\"></span>Middle East<span class=\"_ _233\"> </span><span class=\"ffbb ls3 ws3\">16<span class=\"_ _0\"></span>4\u2002<span class=\"_ _11e\"> </span></span><span class=\"ls6e ws9b\">107<span class=\"_ _351\"> </span></span>Middle\u2002East<span class=\"_ _234\"> </span><span class=\"ffc2 ls3 ws3\">897 <span class=\"_ _dc\"> </span><span class=\"ffbd\">635<span class=\"_ _351\"> </span></span></span>China<span class=\"_ _235\"> </span><span class=\"ffbb ls3 ws3\">1,<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>6\u2002<span class=\"_ _2b\"> </span></span><span class=\"ls162 ws40\">1,245<span class=\"_ _351\"> </span></span>Singapor<span class=\"_ _3\"></span>e<span class=\"_ _236\"> </span><span class=\"ffbb ls77 wsa5\">317\u2002<span class=\"_ _19\"> </span></span><span class=\"ls3 ws3\">105<span class=\"_ _351\"> </span></span>Japan<span class=\"_ _237\"> </span><span class=\"ffc2 ls73 wsa1\">276 <span class=\"_ _e7\"> </span></span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>33<span class=\"_ _351\"> </span></span>South Kor<span class=\"_ _f\"></span>ea<span class=\"_ _238\"> </span><span class=\"ffbb ls3 ws3\">16<span class=\"_ _0\"></span>4\u2002<span class=\"_ _ed\"> </span><span class=\"ffbd\">137<span class=\"_ _351\"> </span></span></span>India<span class=\"_ _239\"> </span><span class=\"ffc2 ls3 ws3\">119 <span class=\"_ _19\"> </span><span class=\"ffbd\">140<span class=\"_ _351\"> </span></span></span>Rest of <span class=\"_ _3\"></span>Asia<span class=\"_ _1ae\"> </span><span class=\"ffbb ls3 ws3\">3<span class=\"_ _0\"></span>81\u2002<span class=\"_ _dc\"> </span><span class=\"ffbd\">359<span class=\"_ _351\"> </span></span></span>Asia<span class=\"_ _23a\"> </span><span class=\"ls80 wsae\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>503\u2002<span class=\"_ _2b\"> </span><span class=\"ffbd ls3 ws3\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span>Africa<span class=\"_ _237\"> </span><span class=\"ffc2 ls3 ws3\">282 <span class=\"_ _ed\"> </span><span class=\"ffbd\">21<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span></span>Austr<span class=\"_ _3\"></span>alasia<span class=\"_ _1d7\"> </span><span class=\"ffc2 ls3 ws3\">229 <span class=\"_ _19\"> </span><span class=\"ffbd\">196<span class=\"_ _351\"> </span></span></span>13,<span class=\"_ _2\"></span>520\u2002<span class=\"_ _60\"> </span><span class=\"ffbd ls3 ws3\">11,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>18<span class=\"_ _351\"> </span></span>Or<span class=\"_ _3\"></span>der backlog<span class=\"_ _351\"> </span>Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>at <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>lon<span class=\"_ _0\"></span>g-te<span class=\"_ _0\"></span>rm <span class=\"_ _2\"></span>exchang<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>reve<span class=\"_ _0\"></span>nue <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rman<span class=\"_ _0\"></span>ce obli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are sati<span class=\"_ _0\"></span>sfi<span class=\"_ _0\"></span>ed in the fu<span class=\"_ _0\"></span>ture (refer<span class=\"_ _0\"></span>red to as order ba<span class=\"_ _0\"></span>cklo<span class=\"_ _0\"></span>g) is as foll<span class=\"_ _0\"></span>ows<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>2022<span class=\"_ _51\"> </span><span class=\"ffbd\">2021<span class=\"_ _351\"> </span></span>Within<span class=\"_ _0\"></span>\u2002fi<span class=\"_ _0\"></span>ve\u2002year<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3bn<span class=\"_ _351\"> </span>After<span class=\"_ _0\"></span>\u2002fi<span class=\"_ _0\"></span>ve\u2002year<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3bn<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3bn<span class=\"_ _351\"> </span>Withi<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span>fi<span class=\"_ _0\"></span>ve yea<span class=\"_ _0\"></span>rs<span class=\"_ _351\"> </span>\u00a3bn<span class=\"_ _351\"> </span>Af<span class=\"_ _0\"></span>ter<span class=\"_ _351\"> </span>fi<span class=\"_ _0\"></span>ve yea<span class=\"_ _0\"></span>rs<span class=\"_ _351\"> </span>\u00a3bn<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3bn<span class=\"_ _351\"> </span>Civil Aer<span class=\"_ _f\"></span>ospace<span class=\"_ _23b\"> </span><span class=\"ffc2\">2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.7 <span class=\"_ _67\"> </span><span class=\"ffbb ls3 ws3\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.0\u2002<span class=\"_ _83\"> </span><span class=\"ls7e wsac\">4<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>\u2002<span class=\"_ _aa\"> </span></span></span></span><span class=\"lsca ws18e\">20.<span class=\"_ _0\"></span>3 <span class=\"_ _67\"> </span>20.8 <span class=\"_ _62\"> </span><span class=\"ls6c ws99\">41.1<span class=\"_ _0\"></span> </span></span>Defence <span class=\"_ _178\"> </span><span class=\"ffc2 ls7e wsac\">7.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _15a\"> </span></span><span class=\"ffbb\">0<span class=\"_ _0\"></span>.7\u2002<span class=\"_ _85\"> </span><span class=\"ffc2 ls3 ws3\">8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _85\"> </span><span class=\"ffbd\">6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _62\"> </span>0.<span class=\"_ _0\"></span>3 <span class=\"_ _62\"> </span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span></span>Power Systems<span class=\"_ _21d\"> </span><span class=\"ffbb\">3<span class=\"_ _0\"></span>.7\u2002<span class=\"_ _62\"> </span><span class=\"ls3 ws3\">0.<span class=\"_ _0\"></span>3\u2002<span class=\"_ _62\"> </span>4<span class=\"_ _0\"></span>.0\u2002<span class=\"_ _15a\"> </span><span class=\"ffbd\">2.<span class=\"_ _0\"></span>6 <span class=\"_ _85\"> </span>0.2 <span class=\"_ _15a\"> </span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span>New Markets<span class=\"_ _1d0\"> </span><span class=\"ffbb ls3 ws3\">\u2013\u2002<span class=\"_ _d2\"> </span>\u2013\u2002<span class=\"_ _d2\"> </span>\u2013\u2002<span class=\"_ _d2\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span></span></span>Other businesses<span class=\"_ _23c\"> </span><span class=\"ffbb ls3 ws3\">\u2013\u2002<span class=\"_ _d2\"> </span>\u2013\u2002<span class=\"_ _d2\"> </span>\u2013\u2002<span class=\"_ _85\"> </span><span class=\"ffbd\">0.2 <span class=\"_ _19\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _62\"> </span></span>0<span class=\"_ _0\"></span>.2<span class=\"_ _351\"> </span></span></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>\u2002<span class=\"_ _aa\"> </span><span class=\"ls3 ws3\">23<span class=\"_ _0\"></span>.0\u2002<span class=\"_ _21\"> </span>60<span class=\"_ _0\"></span>.2\u2002<span class=\"_ _aa\"> </span><span class=\"ffbd\">2<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>3 <span class=\"_ _73\"> </span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _7f\"> </span>5<span class=\"_ _0\"></span>0.6<span class=\"_ _351\"> </span></span></span>The <span class=\"_ _2\"></span>par<span class=\"_ _2\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>pprove<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>ers <span class=\"_ _2\"></span>do <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>unil<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ral <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nforce<span class=\"_ _0\"></span>able <span class=\"_ _2\"></span>righ<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ermi<span class=\"_ _0\"></span>nate <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>out <span class=\"_ _2\"></span>comp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>exclu<span class=\"_ _0\"></span>des <span class=\"_ _2\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Aero<span class=\"_ _0\"></span>spa<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>OE <span class=\"_ _2\"></span>orde<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>(for <span class=\"_ _2\"></span>deli<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>eyo<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>nex<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>7-12 <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hs) <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>our<span class=\"_ _0\"></span> cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>rs have <span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ace<span class=\"_ _0\"></span>d wh<span class=\"_ _0\"></span>ere t<span class=\"_ _0\"></span>hey re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in a r<span class=\"_ _0\"></span>ight <span class=\"_ _0\"></span>to c<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n his<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce is <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>ese <span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>rs<span class=\"_ _351\"> </span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>W<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>0<span class=\"_ _b\"></span>-<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>y<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>y,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>y<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>P<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> Syste<span class=\"_ _0\"></span>ms will be rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d over the nex<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>wo years as it is a shor<span class=\"_ _0\"></span>t cycle bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>2\u2002<span class=\"_ _c\"> </span>Se<span class=\"_ _0\"></span>gmental\u2002anal<span class=\"_ _3\"></span>ysis\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Underl<span class=\"_ _3\"></span>ying adjustments<span class=\"_ _351\"> </span>2022<span class=\"_ _23d\"> </span>2021<span class=\"_ _351\"> </span>Reven<span class=\"_ _0\"></span>ue<span class=\"_ _351\"> </span>\u00a3m\u2002Profit<span class=\"_ _0\"></span>\u2002before\u2002financing<span class=\"_ _351\"> </span>\u00a3m\u2002Net\u2002financing<span class=\"_ _351\"> </span>\u00a3m\u2002T<span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>xation\u2002\u00a3m\u2002Revenue<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Profi<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span>before<span class=\"_ _351\"> </span>financing<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Net<span class=\"_ _351\"> </span>financing<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Ta<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Underlying\u2002performance<span class=\"_ _1f2\"> </span><span class=\"ffc2 lsaa wsd7\">12<span class=\"_ _0\"></span>,691 <span class=\"_ _68\"> </span><span class=\"ls6c ws99\">652<span class=\"_ _0\"></span> <span class=\"_ _95\"> </span></span></span><span class=\"ls68 ws95\">(4<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _61\"> </span>(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _a4\"> </span><span class=\"ffbd ls63 ws90\">10,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span> <span class=\"_ _7d\"> </span><span class=\"ls6c ws99\">41<span class=\"_ _0\"></span>4 <span class=\"_ _87\"> </span><span class=\"ls9c wsc9\">(378)<span class=\"_ _61\"> </span><span class=\"ls80 wsae\">(26)<span class=\"_ _351\"> </span></span></span></span></span></span>Impact of <span class=\"_ _3\"></span>foreig<span class=\"_ _3\"></span>n exchange<span class=\"_ _351\"> </span>differ<span class=\"_ _3\"></span>ences as a <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ult of hedging<span class=\"_ _351\"> </span>activities on tr<span class=\"_ _f\"></span>ading transactions<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>A<span class=\"_ _61\"> </span><span class=\"ffc2 fse\">829 <span class=\"_ _81\"> </span>26<span class=\"_ _0\"></span>7 <span class=\"_ _56\"> </span><span class=\"ffbb ls6c ws99\">(35<span class=\"_ _0\"></span>8)<span class=\"_ _aa\"> </span><span class=\"ffc2\">(8<span class=\"_ _0\"></span>1)<span class=\"_ _61\"> </span></span></span><span class=\"ffbd\">27<span class=\"_ _0\"></span>1 <span class=\"_ _61\"> </span><span class=\"ls60 ws8d\">(<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _5c\"> </span></span>62 <span class=\"_ _72\"> </span>3<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span></span>Unr<span class=\"_ _3\"></span>ealised fair value <span class=\"_ _3\"></span>changes on<span class=\"_ _351\"> </span>derivative contr<span class=\"_ _3\"></span>acts held f<span class=\"_ _3\"></span>or trading<span class=\"_ _351\"> </span>2 <span class=\"_ _4a\"> </span><span class=\"ffbd fsb\">A<span class=\"_ _58\"> </span></span><span class=\"ffbb\">\u2013\u2002<span class=\"_ _1a\"> </span><span class=\"ls6d wscb\">(3)<span class=\"_ _9c\"> </span><span class=\"ffc2 ls5c ws8a\">(1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8)<span class=\"_ _7d\"> </span><span class=\"ffbb\">451\u2002<span class=\"_ _84\"> </span></span></span></span></span>\u2013 <span class=\"_ _26\"> </span><span class=\"ffbd ls80 wsae\">(6)<span class=\"_ _6b\"> </span>(61<span class=\"_ _0\"></span>8)<span class=\"_ _67\"> </span></span><span class=\"ffbd\">110<span class=\"_ _351\"> </span></span>Unr<span class=\"_ _3\"></span>ealised net gain <span class=\"_ _3\"></span>on closing futur<span class=\"_ _f\"></span>e<span class=\"_ _0\"></span> over-hedged position<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>A<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _26\"> </span><span class=\"ffbd ls62 ws8f\">(8)<span class=\"_ _84\"> </span></span>\u2013<span class=\"_ _351\"> </span></span></span>Realised n<span class=\"_ _3\"></span>et gain on closing<span class=\"_ _351\"> </span>over-hedged position<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>A<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _26\"> </span><span class=\"ffbd ls80 wsae\">(6)<span class=\"_ _2b\"> </span></span>\u2013<span class=\"_ _351\"> </span></span></span>Unr<span class=\"_ _3\"></span>ealised fair value <span class=\"_ _3\"></span>change to<span class=\"_ _351\"> </span>derivative contr<span class=\"_ _3\"></span>acts held f<span class=\"_ _3\"></span>or<span class=\"_ _351\"> </span>financing<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>A<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _67\"> </span><span class=\"ffc2\">191 <span class=\"_ _21\"> </span></span><span class=\"ls68 ws95\">(47<span class=\"_ _0\"></span>)<span class=\"_ _2b\"> </span></span><span class=\"ffbf\">\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ffbd\">79 <span class=\"_ _7d\"> </span><span class=\"ls80 wsae\">(2<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></span></span>Exceptional pr<span class=\"_ _f\"></span>ogramme cr<span class=\"_ _f\"></span>edits/<span class=\"_ _351\"> </span>(charges)<span class=\"_ _351\"> </span>5<span class=\"_ _351\"> </span>B<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _71\"> </span><span class=\"ffc2\">69 <span class=\"_ _1a\"> </span></span><span class=\"ls6d wscb\">(3)<span class=\"_ _ae\"> </span></span>\u2013\u2002<span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _6c\"> </span><span class=\"ffbd\">10<span class=\"_ _0\"></span>5 <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _60\"> </span><span class=\"ffbd ls80 wsae\">(1)<span class=\"_ _351\"> </span></span></span></span>Exceptional r<span class=\"_ _f\"></span>estructuring (charges)/<span class=\"_ _351\"> </span>cr<span class=\"_ _3\"></span>edit<span class=\"_ _351\"> </span>6<span class=\"_ _351\"> </span>B<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _21\"> </span><span class=\"ls68 ws95\">(47<span class=\"_ _0\"></span>)<span class=\"_ _ae\"> </span></span>\u2013\u2002<span class=\"_ _ae\"> </span>4\u2002<span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _72\"> </span><span class=\"ffbd\">4<span class=\"_ _0\"></span>5 <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _de\"> </span><span class=\"ffbd\">1<span class=\"_ _351\"> </span></span></span></span>Impairment (charges)/r<span class=\"_ _f\"></span>eversals<span class=\"_ _351\"> </span>7<span class=\"_ _351\"> </span>C<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _7d\"> </span><span class=\"ffc2 lsb5 ws9a\">(<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5)<span class=\"_ _ae\"> </span></span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _60\"> </span><span class=\"ffbd\">9 <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _84\"> </span>\u2013<span class=\"_ _351\"> </span></span></span>Effect of <span class=\"_ _3\"></span>acquisition accounting<span class=\"_ _351\"> </span>8<span class=\"_ _351\"> </span>C<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _61\"> </span><span class=\"ffc2 ls6c ws99\">(58)<span class=\"_ _ae\"> </span></span>\u2013\u2002<span class=\"_ _60\"> </span><span class=\"ffc2\">9 <span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _7d\"> </span><span class=\"ffbd ls80 wsae\">(50)<span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _26\"> </span><span class=\"ffbd\">12<span class=\"_ _351\"> </span></span></span></span></span>Pension past-service <span class=\"_ _3\"></span>credit<span class=\"_ _351\"> </span>9<span class=\"_ _351\"> </span>B<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _83\"> </span><span class=\"ffc2\">22 <span class=\"_ _2b\"> </span></span>\u2013\u2002<span class=\"_ _1a\"> </span><span class=\"ffc2 ls77 wsa5\">(2)<span class=\"_ _2b\"> </span></span><span class=\"ffbf\">\u2013 <span class=\"_ _83\"> </span><span class=\"ffbd ls63 ws90\">47<span class=\"_ _0\"></span> <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _72\"> </span><span class=\"ffbd ls6b ws98\">(1<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span></span></span>Other<span class=\"_ _351\"> </span>10<span class=\"_ _351\"> </span>D<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _7d\"> </span><span class=\"ls60 ws8d\">(3<span class=\"_ _0\"></span>6)<span class=\"_ _99\"> </span><span class=\"ffc2 ls63 ws90\">(6<span class=\"_ _0\"></span>9)<span class=\"_ _2b\"> </span></span></span><span class=\"ffbf\">\u2013 <span class=\"_ _72\"> </span><span class=\"ffbd ls6e ws9b\">(1<span class=\"_ _0\"></span>7)<span class=\"_ _60\"> </span></span><span class=\"ffbd\">6 <span class=\"_ _7f\"> </span><span class=\"ls9c wsc9\">(37<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Gain arising on disposals of<span class=\"_ _351\"> </span>businesses<span class=\"_ _351\"> </span>11<span class=\"_ _351\"> </span>C<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _64\"> </span><span class=\"ffc2\">81 <span class=\"_ _84\"> </span></span>\u2013\u2002<span class=\"_ _1a\"> </span><span class=\"ffc2 ls77 wsa5\">(2)<span class=\"_ _ae\"> </span></span><span class=\"ffbf\">\u2013 <span class=\"_ _72\"> </span><span class=\"ffbd\">5<span class=\"_ _0\"></span>6 <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _2b\"> </span><span class=\"ffbd\">2<span class=\"_ _351\"> </span></span></span></span>Impact of <span class=\"_ _3\"></span>tax rate <span class=\"_ _3\"></span>change<span class=\"_ _351\"> </span>12<span class=\"_ _351\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _6c\"> </span><span class=\"ffbd ls6b ws98\">327<span class=\"_ _351\"> </span></span></span>Re-r<span class=\"_ _3\"></span>ecognition of <span class=\"_ _f\"></span>deferred <span class=\"_ _f\"></span>tax assets<span class=\"_ _351\"> </span>13<span class=\"_ _351\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _72\"> </span><span class=\"ls7b wsaa\">93\u2002<span class=\"_ _84\"> </span></span><span class=\"ffbf\">\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _71\"> </span><span class=\"ffbd\">30<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>otal\u2002underlying\u2002adjustments<span class=\"_ _174\"> </span><span class=\"ffc2 ls3 ws3\">829 <span class=\"_ _124\"> </span>266 <span class=\"_ _ad\"> </span></span><span class=\"ls15b ws189\">(1,9<span class=\"_ _3\"></span>7<span class=\"_ _f\"></span>4)<span class=\"_ _6b\"> </span><span class=\"ls3 ws3\">35<span class=\"_ _0\"></span>6\u2002<span class=\"_ _7f\"> </span><span class=\"ffbd\">27<span class=\"_ _0\"></span>1 <span class=\"_ _7d\"> </span>155 <span class=\"_ _92\"> </span><span class=\"ls74 wsa2\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5)<span class=\"_ _5e\"> </span><span class=\"ls1af ws20e\">444<span class=\"_ _351\"> </span></span></span></span></span></span>Statutory\u2002performance\u2002per\u2002consolidated\u2002income\u2002statemen<span class=\"_ _3\"></span>t<span class=\"_ _163\"> </span><span class=\"ls6c ws99\">13<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>0\u2002<span class=\"_ _99\"> </span><span class=\"ffc2 ls3 ws3\">91<span class=\"_ _0\"></span>8 <span class=\"_ _25\"> </span></span><span class=\"ls77 wsa5\">(2<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>42<span class=\"_ _0\"></span>0)<span class=\"_ _6b\"> </span><span class=\"ls3 ws3\">308\u2002<span class=\"_ _6a\"> </span><span class=\"ffbd\">11,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>18 <span class=\"_ _5e\"> </span><span class=\"ls97 wsc4\">569 <span class=\"_ _95\"> </span><span class=\"ls90 wsbd\">(863)<span class=\"_ _99\"> </span></span></span></span></span></span><span class=\"ffbd\">41<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span>A \u2013 FX, <span class=\"_ _3\"></span>B \u2013 Exceptional, <span class=\"_ _3\"></span>C \u2013 M&amp;A and <span class=\"_ _3\"></span>impairment, D \u2013 Other<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>The impact of measuring r<span class=\"_ _3\"></span>evenues and costs at the aver<span class=\"_ _3\"></span>age exchange rate <span class=\"_ _3\"></span>during the year and the impact of valuation of assets and liabilities using the <span class=\"_ _3\"></span>year end exchange rate <span class=\"_ _3\"></span>rather<span class=\"_ _351\"> </span>than <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>achieved <span class=\"_ _3\"></span>rate <span class=\"_ _f\"></span>or the <span class=\"_ _f\"></span>exchange <span class=\"_ _f\"></span>rate th<span class=\"_ _3\"></span>at i<span class=\"_ _3\"></span>s e<span class=\"_ _3\"></span>xpected <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>be achiev<span class=\"_ _3\"></span>ed b<span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>the use <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>hedge <span class=\"_ _3\"></span>book <span class=\"_ _3\"></span>increased <span class=\"_ _f\"></span>statutory r<span class=\"_ _f\"></span>evenues by <span class=\"_ _f\"></span>\u00a3829m <span class=\"_ _3\"></span>(2021: <span class=\"_ _3\"></span>increased <span class=\"_ _f\"></span>by \u00a3271m) <span class=\"_ _f\"></span>and <span class=\"_ _3\"></span>increased<span class=\"_ _351\"> </span>profit before financing <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>taxation <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>\u00a3267m <span class=\"_ _0\"></span>(2021: <span class=\"_ _0\"></span>reduced <span class=\"_ _0\"></span>profit by <span class=\"_ _0\"></span>\u00a334m). <span class=\"_ _2\"></span>Underlying <span class=\"_ _0\"></span>financing <span class=\"_ _0\"></span>excludes <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>impact <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>revaluing monetary <span class=\"_ _0\"></span>asse<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>liabilities <span class=\"_ _0\"></span>at <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>year-end<span class=\"_ _351\"> </span>exchange r<span class=\"_ _3\"></span>ate<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>The underlying <span class=\"_ _3\"></span>results <span class=\"_ _3\"></span>exclude <span class=\"_ _3\"></span>the fair value <span class=\"_ _f\"></span>changes on derivative <span class=\"_ _3\"></span>contracts held <span class=\"_ _f\"></span>for trading. Th<span class=\"_ _3\"></span>ese fair value <span class=\"_ _f\"></span>changes are <span class=\"_ _3\"></span>subsequently r<span class=\"_ _3\"></span>ecognised in <span class=\"_ _3\"></span>the underlying <span class=\"_ _3\"></span>results <span class=\"_ _3\"></span>when the<span class=\"_ _351\"> </span>contracts ar<span class=\"_ _f\"></span>e settled<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>In 2020, <span class=\"_ _0\"></span>the Group took <span class=\"_ _0\"></span>action to <span class=\"_ _0\"></span>reduce the size <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>the USD <span class=\"_ _0\"></span>hedge <span class=\"_ _0\"></span>book by <span class=\"_ _0\"></span>$11.8bn across 2020-2026, <span class=\"_ _0\"></span>resulting in an <span class=\"_ _0\"></span>underlying charge <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>\u00a31.7bn at <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>December 2020. <span class=\"_ _0\"></span>In 2021, <span class=\"_ _0\"></span>this<span class=\"_ _351\"> </span>estimate was updated <span class=\"_ _3\"></span>to reflect <span class=\"_ _3\"></span>the actual cash cost <span class=\"_ _3\"></span>and r<span class=\"_ _3\"></span>esulted in a \u00a315m <span class=\"_ _3\"></span>gain to underlying finance <span class=\"_ _3\"></span>costs<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>Includes the <span class=\"_ _3\"></span>gains on <span class=\"_ _3\"></span>hedge ineffectiveness <span class=\"_ _3\"></span>in the <span class=\"_ _3\"></span>year of <span class=\"_ _3\"></span>\u00a31m (2021: <span class=\"_ _3\"></span>losses of \u00a31m) <span class=\"_ _3\"></span>and net <span class=\"_ _3\"></span>fair value <span class=\"_ _3\"></span>gains of \u00a3190m <span class=\"_ _3\"></span>(2021: gains <span class=\"_ _3\"></span>of \u00a380m) <span class=\"_ _3\"></span>on any <span class=\"_ _3\"></span>interest r<span class=\"_ _3\"></span>ate swaps <span class=\"_ _3\"></span>not designated <span class=\"_ _3\"></span>into<span class=\"_ _351\"> </span>hedging r<span class=\"_ _3\"></span>elationships for accounting <span class=\"_ _3\"></span>purposes<span class=\"_ _351\"> </span>5<span class=\"_ _351\"> </span>During the <span class=\"_ _0\"></span>year <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>December <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>and 2021, <span class=\"_ _0\"></span>contract <span class=\"_ _0\"></span>loss <span class=\"_ _0\"></span>provisions previously recognised in <span class=\"_ _0\"></span>respect of the <span class=\"_ _0\"></span>Tr<span class=\"_ _3\"></span>ent <span class=\"_ _0\"></span>1000 <span class=\"_ _0\"></span>technical issues <span class=\"_ _0\"></span>which <span class=\"_ _0\"></span>were identified <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>2019 <span class=\"_ _0\"></span>have been<span class=\"_ _0\"></span> rever<span class=\"_ _3\"></span>sed due to a <span class=\"_ _3\"></span>reduction in <span class=\"_ _3\"></span>the estimated cost of <span class=\"_ _3\"></span>settling the obligation<span class=\"_ _351\"> </span>6<span class=\"_ _351\"> </span>During <span class=\"_ _3\"></span>the year <span class=\"_ _f\"></span>to 31 <span class=\"_ _3\"></span>December 20<span class=\"_ _3\"></span>22, the <span class=\"_ _f\"></span>Group r<span class=\"_ _f\"></span>ecorded <span class=\"_ _3\"></span>an ex<span class=\"_ _3\"></span>ceptional r<span class=\"_ _f\"></span>estructuring charge <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>\u00a347m <span class=\"_ _3\"></span>(2021: cr<span class=\"_ _f\"></span>edit of <span class=\"_ _3\"></span>\u00a345m) which <span class=\"_ _f\"></span>included \u00a35<span class=\"_ _3\"></span>7m <span class=\"_ _3\"></span>(2021: \u00a393m) <span class=\"_ _f\"></span>associated with <span class=\"_ _3\"></span>initiatives<span class=\"_ _351\"> </span>to enable r<span class=\"_ _f\"></span>estructuring offset by \u00a310m (2021: \u00a3138m) <span class=\"_ _3\"></span>released fr<span class=\"_ _f\"></span>om the provision<span class=\"_ _351\"> </span>7<span class=\"_ _351\"> </span>The Group has assessed the car<span class=\"_ _3\"></span>rying value of its assets. Further details are pr<span class=\"_ _3\"></span>ovided in notes 9, 10, 11 and 12<span class=\"_ _351\"> </span>8<span class=\"_ _351\"> </span>The effect of <span class=\"_ _3\"></span>acquisition accounting includes <span class=\"_ _3\"></span>the amortisation of intangible <span class=\"_ _3\"></span>assets arising on pr<span class=\"_ _3\"></span>evious acquisitions<span class=\"_ _351\"> </span>9<span class=\"_ _351\"> </span>The past-service credit of \u00a322m includes <span class=\"_ _0\"></span>a \u00a323m credit as a <span class=\"_ _0\"></span>result of changes in the schemes <span class=\"_ _0\"></span>in Power Systems, <span class=\"_ _0\"></span>a settlement loss <span class=\"_ _0\"></span>of \u00a37m on the <span class=\"_ _0\"></span>Rolls-Royce North America retir<span class=\"_ _3\"></span>ement<span class=\"_ _351\"> </span>scheme and <span class=\"_ _f\"></span>a credit <span class=\"_ _f\"></span>of \u00a36m as <span class=\"_ _f\"></span>a result <span class=\"_ _f\"></span>of a constructive <span class=\"_ _f\"></span>obligation recognised <span class=\"_ _f\"></span>for the <span class=\"_ _3\"></span>offering of <span class=\"_ _3\"></span>the Bridging <span class=\"_ _3\"></span>Pension <span class=\"_ _3\"></span>Option (BPO) <span class=\"_ _3\"></span>to other <span class=\"_ _3\"></span>deferr<span class=\"_ _3\"></span>ed members <span class=\"_ _3\"></span>in the <span class=\"_ _f\"></span>RRUKPF. <span class=\"_ _3\"></span>Further<span class=\"_ _351\"> </span>details ar<span class=\"_ _3\"></span>e provided <span class=\"_ _3\"></span>in note 22<span class=\"_ _351\"> </span>10 Includes <span class=\"_ _0\"></span>\u00a3(14)m <span class=\"_ _0\"></span>(2021: <span class=\"_ _0\"></span>\u00a314m) <span class=\"_ _0\"></span>reclassification <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>amounts <span class=\"_ _0\"></span>(received)/paid <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>interest <span class=\"_ _0\"></span>rate swaps <span class=\"_ _0\"></span>which <span class=\"_ _2\"></span>are not <span class=\"_ _0\"></span>designated <span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>hedge <span class=\"_ _0\"></span>relationship for <span class=\"_ _0\"></span>accounting <span class=\"_ _2\"></span>purposes <span class=\"_ _0\"></span>from interest<span class=\"_ _351\"> </span>payable on an <span class=\"_ _3\"></span>underlying basis to <span class=\"_ _3\"></span>fair value movement<span class=\"_ _351\"> </span>11<span class=\"_ _351\"> </span>Gains arising on the disposals of businesses ar<span class=\"_ _3\"></span>e set out in note 27<span class=\"_ _351\"> </span>12<span class=\"_ _351\"> </span>The 2021 tax <span class=\"_ _3\"></span>credit r<span class=\"_ _f\"></span>elates to the incr<span class=\"_ _3\"></span>ease in the UK <span class=\"_ _3\"></span>tax rate fr<span class=\"_ _f\"></span>om 19% to 25%<span class=\"_ _351\"> </span>13<span class=\"_ _351\"> </span>The r<span class=\"_ _3\"></span>e-recognition of <span class=\"_ _3\"></span>deferred <span class=\"_ _3\"></span>tax assets r<span class=\"_ _3\"></span>elates to for<span class=\"_ _3\"></span>eign exchange <span class=\"_ _3\"></span>derivatives<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>2\u2002<span class=\"_ _c\"> </span>Se<span class=\"_ _0\"></span>gmental\u2002anal<span class=\"_ _3\"></span>ysis\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Balance <span class=\"_ _3\"></span>sheet anal<span class=\"_ _3\"></span>ysis<span class=\"_ _351\"> </span>Y<span class=\"_ _f\"></span>ear\u2002ended\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>Civil\u2002Aerospace<span class=\"_ _351\"> </span>\u00a3m\u2002Defence<span class=\"_ _351\"> </span>\u00a3m\u2002Power\u2002Systems<span class=\"_ _351\"> </span>\u00a3m\u2002New\u2002Ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m\u2002To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>\u2002reportable\u2002segments<span class=\"_ _351\"> </span>\u00a3m\u2002Segment assets<span class=\"_ _23e\"> </span><span class=\"ffbb lsb7 wse5\">1<span class=\"_ _0\"></span>7,<span class=\"_ _b\"></span>5<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>\u2002<span class=\"_ _9c\"> </span><span class=\"ls17b ws1ab\">3,430<span class=\"_ _f\"></span>\u2002<span class=\"_ _10b\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>84\u2002<span class=\"_ _7d\"> </span>13<span class=\"_ _0\"></span>5\u2002<span class=\"_ _9b\"> </span><span class=\"ffc2 lsd4 ws1a5\">25,186<span class=\"_ _3\"></span> </span></span></span></span>Inter<span class=\"_ _3\"></span>ests in joint <span class=\"_ _3\"></span>ventures <span class=\"_ _3\"></span>and associates<span class=\"_ _1de\"> </span><span class=\"ffbb ls90 wsbd\">387\u2002<span class=\"_ _60\"> </span><span class=\"ls3 ws3\">4\u2002<span class=\"_ _6f\"> </span>31\u2002<span class=\"_ _ae\"> </span>\u2013\u2002<span class=\"_ _157\"> </span>42<span class=\"_ _0\"></span>2\u2002</span></span>Segment liabilities<span class=\"_ _23f\"> </span><span class=\"ffbb lsd4 ws1a5\">(25,35<span class=\"_ _3\"></span>7)<span class=\"_ _10b\"> </span><span class=\"ls6b ws98\">(3,1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _10b\"> </span><span class=\"lsab wsd8\">(1,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>02)<span class=\"_ _7d\"> </span><span class=\"ffc2\">(97<span class=\"_ _0\"></span>)<span class=\"_ _115\"> </span></span><span class=\"ls75 wsa3\">(30<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>40<span class=\"_ _0\"></span>2)<span class=\"_ _351\"> </span></span></span></span></span>Net\u2002(liabilities)/<span class=\"_ _3\"></span>assets<span class=\"_ _211\"> </span><span class=\"ls17b ws1ab\">(7<span class=\"_ _32\"></span>,433)<span class=\"_ _6b\"> </span><span class=\"ffc2 ls3 ws3\">28<span class=\"_ _0\"></span>8 <span class=\"_ _154\"> </span><span class=\"ffbb\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>313\u2002<span class=\"_ _5c\"> </span>38\u2002<span class=\"_ _b4\"> </span><span class=\"ls65 ws92\">(4,<span class=\"_ _0\"></span>79<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Investment <span class=\"_ _3\"></span>in intangible assets, pr<span class=\"_ _f\"></span>opert<span class=\"_ _0\"></span>y<span class=\"_ _f\"></span>, plant and <span class=\"_ _3\"></span>equipment, right-of-use<span class=\"_ _351\"> </span>assets and joint <span class=\"_ _3\"></span>ventures <span class=\"_ _3\"></span>and associates<span class=\"_ _240\"> </span><span class=\"ffbb ls6e ws9b\">415\u2002<span class=\"_ _99\"> </span><span class=\"ls3 ws3\">14<span class=\"_ _0\"></span>6\u2002<span class=\"_ _61\"> </span><span class=\"ffc2\">1<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>7 <span class=\"_ _86\"> </span>1<span class=\"_ _0\"></span>6 <span class=\"_ _81\"> </span></span>75<span class=\"_ _0\"></span>4\u2002</span></span>Depr<span class=\"_ _3\"></span>eciation, amortisation and <span class=\"_ _3\"></span>impairment<span class=\"_ _241\"> </span><span class=\"ffc2 lsaa wsd7\">755<span class=\"_ _71\"> </span><span class=\"ls97 wsc4\">128<span class=\"_ _aa\"> </span><span class=\"ffbb ls157 ws186\">193<span class=\"_ _de\"> </span></span><span class=\"ls3 ws3\">6<span class=\"_ _2a\"> </span><span class=\"ffbb\">1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>82\u2002</span></span></span></span>Y<span class=\"_ _f\"></span>ear ended 31 December <span class=\"_ _3\"></span>2021<span class=\"_ _351\"> </span>Segment assets<span class=\"_ _242\"> </span><span class=\"ls3 ws3\">15<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>6 <span class=\"_ _ad\"> </span><span class=\"ls7b wsaa\">2<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _74\"> </span></span>3,<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>31 <span class=\"_ _67\"> </span>9<span class=\"_ _0\"></span>0 <span class=\"_ _14d\"> </span><span class=\"ls166 ws194\">22,233<span class=\"_ _3\"></span> </span></span>Inter<span class=\"_ _3\"></span>ests in joint <span class=\"_ _3\"></span>ventures <span class=\"_ _3\"></span>and associates<span class=\"_ _1de\"> </span><span class=\"ls3 ws3\">37<span class=\"_ _0\"></span>8 <span class=\"_ _60\"> </span>9 <span class=\"_ _86\"> </span>1<span class=\"_ _0\"></span>6 <span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _6b\"> </span></span>4<span class=\"_ _0\"></span>03<span class=\"_ _351\"> </span></span>Segment liabilities<span class=\"_ _20b\"> </span><span class=\"lsc9 wsf5\">(<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _b4\"> </span><span class=\"ls62 ws8f\">(2<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5)<span class=\"_ _10b\"> </span><span class=\"ls9c wsc9\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>03)<span class=\"_ _7d\"> </span>(3<span class=\"_ _0\"></span>3)<span class=\"_ _149\"> </span><span class=\"ls98 wsc5\">(24,<span class=\"_ _0\"></span>91<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span></span></span></span>Net (liabilities)/assets<span class=\"_ _206\"> </span><span class=\"ls6e ws9b\">(4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>1)<span class=\"_ _6c\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0 <span class=\"_ _9c\"> </span>2,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4 <span class=\"_ _83\"> </span>57 <span class=\"_ _a4\"> </span><span class=\"ls98 wsc5\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></span>Investment <span class=\"_ _3\"></span>in intangible assets, pr<span class=\"_ _f\"></span>opert<span class=\"_ _0\"></span>y<span class=\"_ _f\"></span>, plant and <span class=\"_ _3\"></span>equipment, right-of-use<span class=\"_ _351\"> </span>assets and joint <span class=\"_ _3\"></span>ventures <span class=\"_ _3\"></span>and associates<span class=\"_ _1e8\"> </span><span class=\"ls3 ws3\">323 <span class=\"_ _5c\"> </span>9<span class=\"_ _0\"></span>7 <span class=\"_ _7d\"> </span>1<span class=\"_ _0\"></span>87 <span class=\"_ _6f\"> </span>1<span class=\"_ _0\"></span>5 <span class=\"_ _68\"> </span>62<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span>Depr<span class=\"_ _3\"></span>eciation, amortisation and <span class=\"_ _3\"></span>impairment<span class=\"_ _243\"> </span><span class=\"ls3 ws3\">66<span class=\"_ _0\"></span>0 <span class=\"_ _72\"> </span>11<span class=\"_ _0\"></span>7 <span class=\"_ _61\"> </span>1<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>7 <span class=\"_ _ae\"> </span>4 <span class=\"_ _6b\"> </span>9<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span>Reconcilia<span class=\"_ _3\"></span>tion to the <span class=\"_ _3\"></span>balance sheet<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m\u20022021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>T<span class=\"_ _3\"></span>otal r<span class=\"_ _3\"></span>eportable segment <span class=\"_ _3\"></span>assets excluding <span class=\"_ _3\"></span>held for sale<span class=\"_ _214\"> </span><span class=\"ffc2 lsd4 ws1a5\">25,186<span class=\"_ _3\"></span> <span class=\"_ _14d\"> </span><span class=\"ffbd ls166 ws194\">22,233<span class=\"_ _351\"> </span></span></span>Other businesses<span class=\"_ _244\"> </span><span class=\"ffc2 ls3 ws3\">19 <span class=\"_ _26\"> </span><span class=\"ffbd\">14<span class=\"_ _351\"> </span></span></span>Corporate <span class=\"_ _3\"></span>and Inter-segment<span class=\"_ _245\"> </span><span class=\"ffbb ls3 ws3\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0)<span class=\"_ _b4\"> </span></span><span class=\"ls62 ws8f\">(2,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span>Inter<span class=\"_ _3\"></span>ests in joint <span class=\"_ _3\"></span>ventures <span class=\"_ _3\"></span>and associates<span class=\"_ _246\"> </span><span class=\"ffbb ls3 ws3\">422\u2002<span class=\"_ _5e\"> </span><span class=\"ffbd\">4<span class=\"_ _0\"></span>03<span class=\"_ _351\"> </span></span></span>Assets held f<span class=\"_ _3\"></span>or sale<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>\u2013\u2002<span class=\"_ _10d\"> </span><span class=\"ffbd\">2<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>28<span class=\"_ _351\"> </span></span>Cash and <span class=\"_ _3\"></span>cash equivalents and <span class=\"_ _3\"></span>short-term investments<span class=\"_ _15c\"> </span><span class=\"ffc2 ls3 ws3\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>61<span class=\"_ _0\"></span>8 <span class=\"_ _10d\"> </span></span><span class=\"lsd1 wsfc\">2,629<span class=\"_ _351\"> </span></span>Fair <span class=\"_ _3\"></span>value of sw<span class=\"_ _3\"></span>aps hedging fix<span class=\"_ _3\"></span>ed rate <span class=\"_ _3\"></span>borrowing<span class=\"_ _3\"></span>s<span class=\"_ _247\"> </span><span class=\"ffbb ls3 ws3\">19<span class=\"_ _0\"></span>4\u2002<span class=\"_ _7d\"> </span><span class=\"ffbd\">13<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span>Deferr<span class=\"_ _3\"></span>ed and incom<span class=\"_ _3\"></span>e tax assets<span class=\"_ _248\"> </span><span class=\"ffc2 ls3 ws3\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>58 <span class=\"_ _10d\"> </span><span class=\"ffbd\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span>Post-r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme surpluses<span class=\"_ _221\"> </span><span class=\"ffbb ls3 ws3\">613\u2002<span class=\"_ _6e\"> </span><span class=\"ffbd\">1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>otal\u2002assets<span class=\"_ _249\"> </span><span class=\"ls3 ws3\">29,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0\u2002<span class=\"_ _14d\"> </span><span class=\"ffbd lsc9 wsf5\">28<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>74<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _3\"></span>otal r<span class=\"_ _3\"></span>eportable segment <span class=\"_ _3\"></span>liabilities excluding <span class=\"_ _3\"></span>held for <span class=\"_ _3\"></span>sale<span class=\"_ _24a\"> </span><span class=\"ffbb ls75 wsa3\">(30,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>02)<span class=\"_ _24b\"> </span></span><span class=\"ls98 wsc5\">(24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>91<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span>Other businesses<span class=\"_ _24c\"> </span><span class=\"ffbb ls6e ws9b\">(3<span class=\"_ _0\"></span>4)<span class=\"_ _86\"> </span></span><span class=\"ls98 wsc5\">(11)<span class=\"_ _351\"> </span></span>Corporate <span class=\"_ _3\"></span>and Inter-segment<span class=\"_ _24d\"> </span><span class=\"ffbb ls3 ws3\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>56\u2002<span class=\"_ _154\"> </span></span><span class=\"ls52 wse4\">2<span class=\"_ _0\"></span>,139<span class=\"_ _351\"> </span></span>Liabilities associated <span class=\"_ _3\"></span>with assets held f<span class=\"_ _3\"></span>or sale<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>\u2013\u2002<span class=\"_ _92\"> </span><span class=\"ffbd ls9c wsc9\">(<span class=\"_ _0\"></span>72<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span>Borr<span class=\"_ _3\"></span>owings and <span class=\"_ _3\"></span>lease liabilities<span class=\"_ _221\"> </span><span class=\"ffc2 ls63 ws90\">(5,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>5)<span class=\"_ _114\"> </span></span><span class=\"ls98 wsc5\">(<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>,7<span class=\"_ _0\"></span>76)<span class=\"_ _351\"> </span></span>Fair <span class=\"_ _3\"></span>value of sw<span class=\"_ _3\"></span>aps hedging fix<span class=\"_ _3\"></span>ed rate <span class=\"_ _3\"></span>borrowing<span class=\"_ _3\"></span>s<span class=\"_ _20c\"> </span><span class=\"ffbb lsab wsd8\">(1<span class=\"_ _0\"></span>08)<span class=\"_ _99\"> </span></span><span class=\"ls98 wsc5\">(9<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span>Deferr<span class=\"_ _3\"></span>ed and incom<span class=\"_ _3\"></span>e tax liabilities<span class=\"_ _1bd\"> </span><span class=\"ffbb lsab wsd8\">(390)<span class=\"_ _56\"> </span></span><span class=\"ls157 ws186\">(<span class=\"_ _0\"></span>552)<span class=\"_ _351\"> </span></span>Post-r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme deficits<span class=\"_ _193\"> </span><span class=\"ffbb ls6b ws98\">(1,0<span class=\"_ _0\"></span>33)<span class=\"_ _9c\"> </span></span><span class=\"ls9c wsc9\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>73)<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>otal\u2002liabilities<span class=\"_ _1ce\"> </span><span class=\"lsd4 ws1a5\">(<span class=\"_ _3\"></span>35,466)<span class=\"_ _14c\"> </span><span class=\"ffbd ls72 wsa0\">(3<span class=\"_ _0\"></span>3,<span class=\"_ _2\"></span>310<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Net\u2002liabilities<span class=\"_ _244\"> </span><span class=\"lsab wsd8\">(6<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>16)<span class=\"_ _9b\"> </span><span class=\"ffbd ls6e ws9b\">(4<span class=\"_ _2\"></span>,6<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>At 31 <span class=\"_ _f\"></span>December 2021, assets <span class=\"_ _3\"></span>and liabilities <span class=\"_ _3\"></span>relating <span class=\"_ _3\"></span>to ITP <span class=\"_ _3\"></span>Aero, <span class=\"_ _3\"></span>the investm<span class=\"_ _3\"></span>ent in <span class=\"_ _3\"></span>Airtanker Holdings <span class=\"_ _3\"></span>and other <span class=\"_ _3\"></span>non-current <span class=\"_ _f\"></span>asse<span class=\"_ _0\"></span>ts r<span class=\"_ _3\"></span>elated to <span class=\"_ _3\"></span>the Gr<span class=\"_ _f\"></span>oup\u2019s site <span class=\"_ _3\"></span>rationalisation <span class=\"_ _3\"></span>activities wer<span class=\"_ _3\"></span>e<span class=\"_ _351\"> </span>classified as held <span class=\"_ _3\"></span>for sale. F<span class=\"_ _3\"></span>or further details see note <span class=\"_ _3\"></span>27<span class=\"_ _351\"> </span>The carrying amounts of the Gr<span class=\"_ _3\"></span>oup\u2019s non-curr<span class=\"_ _f\"></span>ent assets including investments but excluding financial instruments, def<span class=\"_ _3\"></span>erred tax assets and<span class=\"_ _351\"> </span>post-r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme surpluses/(deficits), by <span class=\"_ _3\"></span>the geogr<span class=\"_ _3\"></span>aphical ar<span class=\"_ _3\"></span>ea in which <span class=\"_ _3\"></span>the assets ar<span class=\"_ _f\"></span>e located, ar<span class=\"_ _3\"></span>e as follows:<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m\u20022021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>United Kingdom<span class=\"_ _1cd\"> </span><span class=\"ffbb ls3 ws3\">5,2<span class=\"_ _0\"></span>02\u2002<span class=\"_ _9c\"> </span><span class=\"ffbd\">5<span class=\"_ _0\"></span>,4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span>Germany<span class=\"_ _229\"> </span><span class=\"ffc2 ls5c ws8a\">2<span class=\"_ _2\"></span>,1<span class=\"_ _0\"></span>51 <span class=\"_ _9c\"> </span></span><span class=\"ls90 wsbd\">2,086<span class=\"_ _351\"> </span></span>United States<span class=\"_ _14f\"> </span><span class=\"ffbb ls3 ws3\">1,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>65\u2002<span class=\"_ _cc\"> </span><span class=\"ffbd\">1,<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span></span>Other<span class=\"_ _24e\"> </span><span class=\"ffbb ls3 ws3\">735\u2002<span class=\"_ _157\"> </span></span><span class=\"lsce wsf8\">74<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> </span>9,5<span class=\"_ _0\"></span>53\u2002<span class=\"_ _5d\"> </span><span class=\"ffbd ls3 ws3\">9,601<span class=\"_ _351\"> </span></span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>3\u2002<span class=\"_ _c\"> </span>Research\u2002and\u2002de<span class=\"_ _3\"></span>velopment<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Gr<span class=\"_ _3\"></span>oss resear<span class=\"_ _f\"></span>ch and development costs<span class=\"_ _24f\"> </span><span class=\"ffc2 ls63 ws90\">(1,<span class=\"_ _2\"></span>28<span class=\"_ _0\"></span>7)<span class=\"_ _ae\"> </span></span><span class=\"ls7b wsaa\">(1<span class=\"_ _0\"></span>,17<span class=\"_ _0\"></span>9)<span class=\"_ _351\"> </span></span>Contributions and <span class=\"_ _3\"></span>fees<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>359\u2002<span class=\"_ _c5\"> </span><span class=\"ffbd ls3 ws3\">3<span class=\"_ _0\"></span>66<span class=\"_ _351\"> </span></span>Expenditur<span class=\"_ _3\"></span>e in the <span class=\"_ _3\"></span>year<span class=\"_ _250\"> </span><span class=\"ffc2 ls63 ws90\">(92<span class=\"_ _0\"></span>8)<span class=\"_ _c5\"> </span></span><span class=\"ls6b ws98\">(8<span class=\"_ _0\"></span>13)<span class=\"_ _351\"> </span></span>Capitalised as <span class=\"_ _3\"></span>intangible assets<span class=\"_ _193\"> </span><span class=\"ffbb ls77 wsa5\">131\u2002<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span>Amortisation and <span class=\"_ _3\"></span>impairment of capitali<span class=\"_ _3\"></span>sed costs<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>(94)<span class=\"_ _11e\"> </span><span class=\"ffbd ls80 wsae\">(<span class=\"_ _0\"></span>70)<span class=\"_ _351\"> </span></span>Net\u2002cost\u2002r<span class=\"_ _3\"></span>ecognised\u2002in\u2002the\u2002income\u2002statement<span class=\"_ _251\"> </span><span class=\"ffc2 ls6c ws99\">(89<span class=\"_ _0\"></span>1)<span class=\"_ _57\"> </span><span class=\"ffbd ls62 ws8f\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>78)<span class=\"_ _351\"> </span></span></span>Underlying adjustments <span class=\"_ _3\"></span>relating <span class=\"_ _3\"></span>to effects of <span class=\"_ _3\"></span>acquisition accounting an<span class=\"_ _3\"></span>d for<span class=\"_ _3\"></span>eign ex<span class=\"_ _3\"></span>change <span class=\"_ _131\"> </span><span class=\"ffc2 ls3 ws3\">5 <span class=\"_ _d8\"> </span><span class=\"ffbd\">4<span class=\"_ _351\"> </span></span></span>Net\u2002underlying\u2002cost\u2002r<span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>cognised\u2002in\u2002the\u2002income\u2002statement<span class=\"_ _21e\"> </span><span class=\"ffc2 ls6c ws99\">(88<span class=\"_ _0\"></span>6)<span class=\"_ _1b5\"> </span><span class=\"ffbd lsce wsf8\">(<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>Includes government <span class=\"_ _3\"></span>funding<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>See <span class=\"_ _0\"></span>note <span class=\"_ _0\"></span>9 <span class=\"_ _0\"></span>for <span class=\"_ _2\"></span>analysis <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>amortisation <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>impairment. <span class=\"_ _2\"></span>During <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>year<span class=\"_ _f\"></span>, <span class=\"_ _2\"></span>amortisation <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>\u00a3nil <span class=\"_ _0\"></span>(2021: <span class=\"_ _2\"></span>\u00a35m) <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>been <span class=\"_ _0\"></span>incurred <span class=\"_ _0\"></span>within <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>disposal <span class=\"_ _2\"></span>group recognised as <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>discontinued<span class=\"_ _351\"> </span>operation<span class=\"_ _351\"> </span>4\u2002<span class=\"_ _c\"> </span>Net\u2002fi<span class=\"_ _0\"></span>nancing<span class=\"_ _351\"> </span>2022<span class=\"_ _159\"> </span>202<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span>Statut<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>y<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Underlying<span class=\"_ _3\"></span>\u20021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Statutor<span class=\"_ _0\"></span>y<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Underlying<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Inter<span class=\"_ _3\"></span>est r<span class=\"_ _3\"></span>eceivable<span class=\"_ _180\"> </span><span class=\"ffbb ls3 ws3\">35\u2002<span class=\"_ _62\"> </span>35\u2002<span class=\"_ _c3\"> </span><span class=\"ffbd\">7 <span class=\"_ _be\"> </span>7<span class=\"_ _351\"> </span></span></span>Net fair value <span class=\"_ _3\"></span>gains on f<span class=\"_ _3\"></span>oreign <span class=\"_ _3\"></span>curren<span class=\"_ _3\"></span>cy contracts<span class=\"_ _252\"> </span><span class=\"ffbb ls3 ws3\">\u2013\u2002<span class=\"_ _be\"> </span>\u2013\u2002<span class=\"_ _be\"> </span><span class=\"ffbd\">8<span class=\"_ _0\"></span>0 <span class=\"_ _1b5\"> </span><span class=\"ffbf\">\u2013<span class=\"_ _351\"> </span></span></span></span>Net fair value <span class=\"_ _3\"></span>gains on non-hedge <span class=\"_ _3\"></span>accounted inter<span class=\"_ _f\"></span>est rate swaps<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>19<span class=\"_ _0\"></span>0\u2002<span class=\"_ _be\"> </span>\u2013\u2002<span class=\"_ _39\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _1b5\"> </span>\u2013<span class=\"_ _351\"> </span></span>Net fair value <span class=\"_ _3\"></span>gains on commodity contr<span class=\"_ _3\"></span>acts<span class=\"_ _140\"> </span><span class=\"ffbb ls3 ws3\">106\u2002<span class=\"_ _be\"> </span>\u2013<span class=\"_ _d2\"> </span><span class=\"ffbd\">63<span class=\"_ _65\"> </span><span class=\"ffbf\">\u2013<span class=\"_ _351\"> </span></span></span></span>Financing on <span class=\"_ _3\"></span>post-retir<span class=\"_ _f\"></span>ement scheme surpluses<span class=\"_ _ee\"> </span><span class=\"ffbb ls3 ws3\">24\u2002<span class=\"_ _be\"> </span>\u2013<span class=\"_ _bf\"> </span><span class=\"ffbd\">1<span class=\"_ _0\"></span>7<span class=\"_ _e7\"> </span><span class=\"ffbf\">\u2013<span class=\"_ _351\"> </span></span></span></span>Net for<span class=\"_ _f\"></span>eign exchange gains <span class=\"_ _253\"> </span><span class=\"ffbb ls3 ws3\">\u2013\u2002<span class=\"_ _be\"> </span>\u2013\u2002<span class=\"_ _b6\"> </span><span class=\"ffbd\">6<span class=\"_ _0\"></span>2 <span class=\"_ _1b5\"> </span><span class=\"ffbf\">\u2013<span class=\"_ _351\"> </span></span></span></span>Realised n<span class=\"_ _3\"></span>et gains on closing <span class=\"_ _3\"></span>over-hedged position<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>\u2013\u2002<span class=\"_ _be\"> </span>\u2013\u2002<span class=\"_ _39\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _a8\"> </span><span class=\"ffbd\">6<span class=\"_ _351\"> </span></span></span>Unr<span class=\"_ _3\"></span>ealised net gains <span class=\"_ _3\"></span>on closing over-hedged <span class=\"_ _3\"></span>position<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>\u2013\u2002<span class=\"_ _be\"> </span>\u2013\u2002<span class=\"_ _39\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _58\"> </span><span class=\"ffbd\">8<span class=\"_ _351\"> </span></span></span>Financing\u2002income<span class=\"_ _1a0\"> </span><span class=\"ls3 ws3\">355\u2002<span class=\"_ _62\"> </span>35\u2002<span class=\"_ _60\"> </span><span class=\"ffbd\">2<span class=\"_ _0\"></span>29 <span class=\"_ _2b\"> </span>21<span class=\"_ _351\"> </span></span></span>Inter<span class=\"_ _3\"></span>est payable<span class=\"_ _254\"> </span><span class=\"ffbb ls6d wscb\">(3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>3)<span class=\"_ _68\"> </span><span class=\"ls63 ws90\">(3<span class=\"_ _0\"></span>20)<span class=\"_ _26\"> </span></span></span><span class=\"ls7b wsaa\">(2<span class=\"_ _0\"></span>52)<span class=\"_ _6c\"> </span><span class=\"ls3 ws3\">(262)<span class=\"_ _351\"> </span></span></span>Net fair value <span class=\"_ _3\"></span>losses on f<span class=\"_ _3\"></span>oreign <span class=\"_ _3\"></span>curren<span class=\"_ _3\"></span>cy contracts<span class=\"_ _8a\"> </span><span class=\"ffc2 lsb5 ws9a\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5)<span class=\"_ _be\"> </span><span class=\"ffbb ls3 ws3\">\u2013<span class=\"_ _84\"> </span></span></span><span class=\"ls80 wsae\">(68<span class=\"_ _0\"></span>1)<span class=\"_ _1b5\"> </span><span class=\"ffbf ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span></span>For<span class=\"_ _f\"></span>eign exchange <span class=\"_ _3\"></span>differences <span class=\"_ _3\"></span>and changes <span class=\"_ _3\"></span>in for<span class=\"_ _3\"></span>ecast payments <span class=\"_ _3\"></span>relating <span class=\"_ _3\"></span>to<span class=\"_ _351\"> </span>financial RRSAs<span class=\"_ _17c\"> </span><span class=\"ffc2 lsa9 wsd6\">(7)<span class=\"_ _57\"> </span><span class=\"ffbb ls3 ws3\">\u2013<span class=\"_ _bf\"> </span></span></span><span class=\"lsd4 ws1a5\">(7)<span class=\"_ _1b5\"> </span><span class=\"ffbf ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span></span>Financing on <span class=\"_ _3\"></span>post-retir<span class=\"_ _3\"></span>ement scheme <span class=\"_ _3\"></span>deficits<span class=\"_ _4\"> </span><span class=\"ffc2 ls77 wsa5\">(26)<span class=\"_ _be\"> </span><span class=\"ffbb ls3 ws3\">\u2013<span class=\"_ _bb\"> </span></span></span><span class=\"ls80 wsae\">(20)<span class=\"_ _1b5\"> </span><span class=\"ffbf ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span></span>Net for<span class=\"_ _f\"></span>eign exchange losses<span class=\"_ _214\"> </span><span class=\"ffbb ls6c ws99\">(35<span class=\"_ _0\"></span>8)<span class=\"_ _57\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _e5\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _1b5\"> </span>\u2013<span class=\"_ _351\"> </span></span></span></span>Cost of un<span class=\"_ _3\"></span>drawn facilities<span class=\"_ _255\"> </span><span class=\"ffc2 ls63 ws90\">(61)<span class=\"_ _6f\"> </span>(6<span class=\"_ _0\"></span>1)<span class=\"_ _c8\"> </span></span><span class=\"ls80 wsae\">(6<span class=\"_ _0\"></span>2)<span class=\"_ _83\"> </span>(62)<span class=\"_ _351\"> </span></span>Other financing charges<span class=\"_ _256\"> </span><span class=\"ffbb lsb5 ws9a\">(1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5)<span class=\"_ _157\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _c8\"> </span></span></span><span class=\"ls80 wsae\">(70)<span class=\"_ _73\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span>Financing\u2002costs<span class=\"_ _1a0\"> </span><span class=\"ffc2 lsb5 ws9a\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5)<span class=\"_ _7d\"> </span></span><span class=\"ls68 ws95\">(4<span class=\"_ _2\"></span>81<span class=\"_ _0\"></span>)<span class=\"_ _157\"> </span><span class=\"ffbd ls6e ws9b\">(1<span class=\"_ _0\"></span>,09<span class=\"_ _0\"></span>2)<span class=\"_ _124\"> </span><span class=\"ls3 ws3\">(39<span class=\"_ _0\"></span>9)<span class=\"_ _351\"> </span></span></span></span>Net\u2002financing\u2002costs<span class=\"_ _257\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>42<span class=\"_ _0\"></span>0)<span class=\"_ _124\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>6)<span class=\"_ _86\"> </span><span class=\"ffbd ls90 wsbd\">(863<span class=\"_ _3\"></span>)<span class=\"_ _157\"> </span><span class=\"ls9c wsc9\">(378)<span class=\"_ _351\"> </span></span></span></span></span>Analy<span class=\"_ _3\"></span>sed\u2002as:<span class=\"_ _351\"> </span>Net inter<span class=\"_ _3\"></span>est payable<span class=\"_ _20c\"> </span><span class=\"ffbb ls6c ws99\">(3<span class=\"_ _0\"></span>08)<span class=\"_ _157\"> </span><span class=\"ffc2 lsb5 ws9a\">(2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5)<span class=\"_ _26\"> </span></span></span><span class=\"ls65 ws92\">(24<span class=\"_ _0\"></span>5)<span class=\"_ _6c\"> </span>(2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span>Net fair value <span class=\"_ _3\"></span>(losses)/gains on deriv<span class=\"_ _3\"></span>ative contracts<span class=\"_ _10e\"> </span><span class=\"ffc2 ls63 ws90\">(1,<span class=\"_ _0\"></span>579)<span class=\"_ _be\"> </span><span class=\"ffbb ls3 ws3\">\u2013<span class=\"_ _15a\"> </span></span></span><span class=\"ls62 ws8f\">(5<span class=\"_ _0\"></span>38)<span class=\"_ _ae\"> </span><span class=\"ls3 ws3\">14<span class=\"_ _351\"> </span></span></span>Net post-r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme financing<span class=\"_ _179\"> </span><span class=\"ffc2 ls77 wsa5\">(2)<span class=\"_ _57\"> </span><span class=\"ffbb ls3 ws3\">\u2013<span class=\"_ _bf\"> </span></span></span><span class=\"ls6b ws98\">(3)<span class=\"_ _1b5\"> </span><span class=\"ffbf ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span></span>Net for<span class=\"_ _f\"></span>eign exchange (losses)/gains<span class=\"_ _258\"> </span><span class=\"ffbb ls6c ws99\">(35<span class=\"_ _0\"></span>8)<span class=\"_ _57\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _d2\"> </span><span class=\"ffbd\">6<span class=\"_ _0\"></span>2 <span class=\"_ _1b5\"> </span><span class=\"ffbf\">\u2013<span class=\"_ _351\"> </span></span></span></span></span>Net other financing<span class=\"_ _259\"> </span><span class=\"ffbb ls6d wscb\">(17<span class=\"_ _0\"></span>3)<span class=\"_ _aa\"> </span><span class=\"ffc2 ls63 ws90\">(161<span class=\"_ _0\"></span>)<span class=\"_ _85\"> </span></span></span><span class=\"ls75 wsa3\">(<span class=\"_ _3\"></span>139)<span class=\"_ _21\"> </span><span class=\"ls6e ws9b\">(137<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Net\u2002financing\u2002costs<span class=\"_ _257\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>42<span class=\"_ _0\"></span>0)<span class=\"_ _124\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>6)<span class=\"_ _86\"> </span><span class=\"ffbd ls90 wsbd\">(863<span class=\"_ _3\"></span>)<span class=\"_ _aa\"> </span><span class=\"ls9c wsc9\">(378)<span class=\"_ _351\"> </span></span></span></span></span>1<span class=\"_ _351\"> </span>See note 2 <span class=\"_ _3\"></span>for definition of underlying <span class=\"_ _3\"></span>result<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>consolidated <span class=\"_ _0\"></span>income <span class=\"_ _0\"></span>statement <span class=\"_ _2\"></span>shows <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>net <span class=\"_ _2\"></span>fair <span class=\"_ _0\"></span>value <span class=\"_ _0\"></span>gain/(loss) <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>any <span class=\"_ _0\"></span>interest rate <span class=\"_ _0\"></span>swaps <span class=\"_ _0\"></span>not <span class=\"_ _2\"></span>designated <span class=\"_ _0\"></span>into <span class=\"_ _0\"></span>hedging <span class=\"_ _2\"></span>relationships for <span class=\"_ _0\"></span>accounting <span class=\"_ _0\"></span>purposes. <span class=\"_ _2\"></span>Underlying <span class=\"_ _e\"></span><span class=\"ffbf ls3 ws3\"> </span>financing r<span class=\"_ _3\"></span>eclassifies the fair va<span class=\"_ _3\"></span>lue movements on these <span class=\"_ _3\"></span>interest <span class=\"_ _3\"></span>rate swaps to <span class=\"_ _3\"></span>net interest <span class=\"_ _3\"></span>payable<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>In 2020, the Gr<span class=\"_ _3\"></span>oup took action to reduce the size of the USD hedge book by $11.8bn acr<span class=\"_ _3\"></span>oss 2020-2026, resulting in an underlying charge of \u00a31,689m at 31 December 2020. I<span class=\"_ _3\"></span>n 2021, this<span class=\"_ _351\"> </span>estimate was <span class=\"_ _3\"></span>updated to r<span class=\"_ _3\"></span>eflect the actual <span class=\"_ _3\"></span>cash settlement cost <span class=\"_ _3\"></span>of \u00a31,674m <span class=\"_ _3\"></span>and r<span class=\"_ _3\"></span>esulted in a <span class=\"_ _3\"></span>\u00a315m gain to <span class=\"_ _3\"></span>underlying finance costs <span class=\"_ _3\"></span>in the year <span class=\"_ _3\"></span>to 31 December <span class=\"_ _3\"></span>2021. The cash <span class=\"_ _3\"></span>settlement<span class=\"_ _351\"> </span>costs of <span class=\"_ _f\"></span>\u00a31,674m covers <span class=\"_ _f\"></span>the period 2020-2026, <span class=\"_ _f\"></span>\u00a3326m was incurr<span class=\"_ _f\"></span>ed in the <span class=\"_ _3\"></span>year to <span class=\"_ _f\"></span>31 December 2022 <span class=\"_ _3\"></span>(2021: \u00a3452m, <span class=\"_ _3\"></span>2020: \u00a3186m). <span class=\"_ _f\"></span>The Group <span class=\"_ _3\"></span>estimates that <span class=\"_ _f\"></span>future cash <span class=\"_ _3\"></span>outflows of <span class=\"_ _3\"></span>\u00a3389m<span class=\"_ _351\"> </span>will be incurr<span class=\"_ _f\"></span>ed in 2023 and \u00a3321m spr<span class=\"_ _f\"></span>ead over 2024-2026<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>5\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>axation<span class=\"_ _351\"> </span>UK<span class=\"_ _25b\"> </span><span class=\"ls11e ws147\">Overseas<span class=\"_ _172\"> </span><span class=\"ls219 ws269\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span></span></span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Curr<span class=\"_ _3\"></span>ent tax charge <span class=\"_ _3\"></span>for the y<span class=\"_ _3\"></span>ear<span class=\"_ _66\"> </span><span class=\"ffc7 ls3 ws3\">18 <span class=\"_ _1b5\"> </span><span class=\"ffc8\">17 <span class=\"_ _1a\"> </span></span><span class=\"ls6e ws9b\">159<span class=\"_ _0\"></span> <span class=\"_ _2b\"> </span></span></span><span class=\"ls74 wsa2\">1<span class=\"_ _0\"></span>51 <span class=\"_ _85\"> </span><span class=\"ffc7 ls3 ws3\">17<span class=\"_ _0\"></span>7 <span class=\"_ _1a\"> </span><span class=\"ffc8\">16<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span>Adjustments in <span class=\"_ _3\"></span>respect <span class=\"_ _3\"></span>of prior year<span class=\"_ _3\"></span>s<span class=\"_ _13f\"> </span><span class=\"ffc7 lsb5 ws9a\">(5)<span class=\"_ _65\"> </span></span><span class=\"ls3 ws3\">2 <span class=\"_ _be\"> </span><span class=\"ffc7 ls6c ws99\">(8)<span class=\"_ _1b5\"> </span></span>12 <span class=\"_ _2b\"> </span><span class=\"ffc7 ls6d wscb\">(<span class=\"_ _0\"></span>13)<span class=\"_ _57\"> </span></span>14<span class=\"_ _351\"> </span></span>Curr<span class=\"_ _3\"></span>ent\u2002tax<span class=\"_ _25c\"> </span><span class=\"ffc7 ls6e ws9b\">13 <span class=\"_ _58\"> </span><span class=\"ffc8 ls3 ws3\">19 <span class=\"_ _ae\"> </span></span></span><span class=\"ffc7\">1<span class=\"_ _0\"></span>51 <span class=\"_ _1a\"> </span><span class=\"ffc8 ls3 ws3\">1<span class=\"_ _0\"></span>63 <span class=\"_ _1a\"> </span><span class=\"ffc7\">164 <span class=\"_ _85\"> </span></span>182<span class=\"_ _351\"> </span></span></span>Deferr<span class=\"_ _3\"></span>ed tax cr<span class=\"_ _f\"></span>edit for the <span class=\"_ _3\"></span>year<span class=\"_ _25d\"> </span><span class=\"ffc7 ls68 ws95\">(42<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _86\"> </span><span class=\"ffc6 ls6b ws98\">(1<span class=\"_ _0\"></span>73)<span class=\"_ _ae\"> </span></span><span class=\"ls63 ws90\">(6<span class=\"_ _0\"></span>1)<span class=\"_ _62\"> </span><span class=\"ffc6 ls3 ws3\">(59)<span class=\"_ _67\"> </span></span></span>(48<span class=\"_ _2\"></span>8)<span class=\"_ _71\"> </span><span class=\"ffc6 ls6b ws98\">(2<span class=\"_ _0\"></span>32)<span class=\"_ _351\"> </span></span></span>Adjustments in <span class=\"_ _3\"></span>respect <span class=\"_ _3\"></span>of prior year<span class=\"_ _3\"></span>s<span class=\"_ _108\"> </span><span class=\"ffc7 ls3 ws3\">4 <span class=\"_ _84\"> </span><span class=\"ffc6 ls65 ws92\">(1 5)<span class=\"_ _1b5\"> </span></span>12 <span class=\"_ _85\"> </span><span class=\"ffc6 ls80 wsae\">(26)<span class=\"_ _58\"> </span></span>16 <span class=\"_ _c8\"> </span><span class=\"ffc6 ls74 wsa2\">(41)<span class=\"_ _351\"> </span></span></span>Deferr<span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>tax cr<span class=\"_ _f\"></span>edit r<span class=\"_ _f\"></span>esulting fr<span class=\"_ _f\"></span>om an <span class=\"_ _f\"></span>increase <span class=\"_ _f\"></span>in UK tax <span class=\"_ _f\"></span>rate<span class=\"_ _11e\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _72\"> </span><span class=\"ffc6 ls6b ws98\">(327<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _aa\"> </span><span class=\"ffc6 ls6b ws98\">(<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>7)<span class=\"_ _351\"> </span></span></span>Deferr<span class=\"_ _3\"></span>ed\u2002tax<span class=\"_ _209\"> </span><span class=\"ffc7 ls68 ws95\">(42<span class=\"_ _0\"></span>3)<span class=\"_ _73\"> </span><span class=\"ffc6 ls74 wsa2\">(<span class=\"_ _0\"></span>515 )<span class=\"_ _85\"> </span></span>(49<span class=\"_ _0\"></span>)<span class=\"_ _85\"> </span><span class=\"ffc6 ls65 ws92\">(85)<span class=\"_ _72\"> </span></span>(47<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _99\"> </span><span class=\"ffc6 ls80 wsae\">(6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span>(Credited)/<span class=\"_ _f\"></span>charged\u2002in\u2002the\u2002income\u2002statement<span class=\"_ _47\"> </span><span class=\"ffc7 ls68 ws95\">(41<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _21\"> </span><span class=\"ffc6 ls74 wsa2\">(49<span class=\"_ _2\"></span>6)<span class=\"_ _1a\"> </span></span><span class=\"ls3 ws3\">102 <span class=\"_ _c8\"> </span><span class=\"ffc8\">7<span class=\"_ _0\"></span>8 <span class=\"_ _7f\"> </span></span><span class=\"ls6c ws99\">(30<span class=\"_ _0\"></span>8)<span class=\"_ _83\"> </span><span class=\"ffc6 ls74 wsa2\">(41<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Other ta<span class=\"_ _3\"></span>x cr<span class=\"_ _3\"></span>edits/(charges)<span class=\"_ _351\"> </span>OCI<span class=\"_ _1f8\"> </span><span class=\"ffc5 ls120 ws149\">Equity<span class=\"_ _351\"> </span></span>It<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s\u2002th<span class=\"_ _0\"></span>at\u2002w<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>l\u2002no<span class=\"_ _0\"></span>t\u2002be\u2002r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d<span class=\"_ _3e\"> </span><span class=\"lsd9 ws104\">It<span class=\"_ _0\"></span>ems\u2002t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t\u2002wil<span class=\"_ _0\"></span>l\u2002be\u2002re<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span></span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Deferr<span class=\"_ _3\"></span>ed\u2002tax:<span class=\"_ _351\"> </span>Movement in <span class=\"_ _3\"></span>post-retir<span class=\"_ _f\"></span>ement schemes<span class=\"_ _31\"> </span><span class=\"ffc7 ls3 ws3\">8<span class=\"_ _0\"></span>9 <span class=\"_ _85\"> </span><span class=\"ffc6\">(7 9)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span>Cash flow h<span class=\"_ _3\"></span>edge<span class=\"_ _25e\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _57\"> </span></span>12 <span class=\"_ _bb\"> </span><span class=\"ffc6\">(2)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span>Net investment <span class=\"_ _3\"></span>hedge<span class=\"_ _77\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>2 <span class=\"_ _1b5\"> </span><span class=\"ffc6 ls6b ws98\">(3)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span>Shar<span class=\"_ _3\"></span>e-based payments \u2013 <span class=\"_ _3\"></span>direct <span class=\"_ _3\"></span>to equity<span class=\"_ _166\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _ed\"> </span></span>1 <span class=\"_ _be\"> </span><span class=\"ffc8\">17<span class=\"_ _351\"> </span></span></span>Other\u2002tax\u2002cr<span class=\"_ _3\"></span>edits/(charges)<span class=\"_ _8d\"> </span><span class=\"ffc7 ls3 ws3\">89 <span class=\"_ _85\"> </span><span class=\"ffc6\">(<span class=\"_ _0\"></span>79)<span class=\"_ _57\"> </span></span><span class=\"ls62 ws8f\">14 <span class=\"_ _1b5\"> </span><span class=\"ffc6 ls65 ws92\">(5)<span class=\"_ _ed\"> </span></span></span>1 <span class=\"_ _bb\"> </span><span class=\"ffc8\">17<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>ax <span class=\"_ _3\"></span>reconcilia<span class=\"_ _3\"></span>tion on con<span class=\"_ _3\"></span>tinuing opera<span class=\"_ _3\"></span>tions<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Loss befor<span class=\"_ _f\"></span>e taxation fr<span class=\"_ _3\"></span>om continuing <span class=\"_ _3\"></span>operations<span class=\"_ _25f\"> </span><span class=\"ffc7 ls63 ws90\">(1,<span class=\"_ _2\"></span>502)<span class=\"_ _67\"> </span><span class=\"ffc6 ls60 ws8d\">(2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>Less shar<span class=\"_ _f\"></span>e of r<span class=\"_ _3\"></span>esults of joint <span class=\"_ _3\"></span>ventur<span class=\"_ _3\"></span>es and associates <span class=\"_ _3\"></span>(note 12)<span class=\"_ _260\"> </span><span class=\"ffc7 ls63 ws90\">(9)<span class=\"_ _15a\"> </span><span class=\"ffc6 ls3 ws3\">(2<span class=\"_ _0\"></span>2)<span class=\"_ _351\"> </span></span></span>Loss befor<span class=\"_ _f\"></span>e taxation fr<span class=\"_ _3\"></span>om continuing <span class=\"_ _3\"></span>operations ex<span class=\"_ _3\"></span>cluding joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _76\"> </span><span class=\"ffc7\">(1,<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>1)<span class=\"_ _83\"> </span><span class=\"ffc6 ls73 wsa1\">(316<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Nominal tax <span class=\"_ _3\"></span>credit <span class=\"_ _3\"></span>at UK corpor<span class=\"_ _3\"></span>ation tax r<span class=\"_ _3\"></span>ate 19% (2021: <span class=\"_ _3\"></span>19%)<span class=\"_ _42\"> </span><span class=\"ffc7 ls77 wsa5\">(28<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _26\"> </span><span class=\"ffc6 ls80 wsae\">(6<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span>UK tax r<span class=\"_ _f\"></span>ate differenti<span class=\"_ _3\"></span>al<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(69)<span class=\"_ _85\"> </span><span class=\"ffc6 ls6b ws98\">(33<span class=\"_ _351\"> </span></span>Overseas r<span class=\"_ _3\"></span>ate differ<span class=\"_ _f\"></span>ences<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>18 <span class=\"_ _c8\"> </span><span class=\"ffc8\">26<span class=\"_ _351\"> </span></span>Exempt gain <span class=\"_ _3\"></span>on disposal of <span class=\"_ _3\"></span>businesses<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>(14)<span class=\"_ _84\"> </span><span class=\"ffc6 ls65 ws92\">(15)<span class=\"_ _351\"> </span></span>R&amp;D cr<span class=\"_ _f\"></span>edits<span class=\"_ _235\"> </span><span class=\"ffc7 lsa9 wsd6\">(7)<span class=\"_ _7b\"> </span><span class=\"ffc6 ls80 wsae\">(1<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span>Other permanent diff<span class=\"_ _3\"></span>erences<span class=\"_ _261\"> </span><span class=\"ffc7 ls3 ws3\">23 <span class=\"_ _be\"> </span><span class=\"ffc8\">13<span class=\"_ _351\"> </span></span></span>Benefit to <span class=\"_ _3\"></span>deferred <span class=\"_ _3\"></span>tax fr<span class=\"_ _3\"></span>om pr<span class=\"_ _f\"></span>eviously unrecognised <span class=\"_ _3\"></span>tax losses and <span class=\"_ _3\"></span>temporary diff<span class=\"_ _3\"></span>erences<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>(13<span class=\"_ _0\"></span>4)<span class=\"_ _15a\"> </span><span class=\"ffc6\">(47<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>T<span class=\"_ _3\"></span>ax losses and <span class=\"_ _3\"></span>other tempor<span class=\"_ _3\"></span>ary differ<span class=\"_ _3\"></span>ences not r<span class=\"_ _f\"></span>ecognised in defer<span class=\"_ _3\"></span>red <span class=\"_ _3\"></span>tax<span class=\"_ _351\"> </span>5<span class=\"_ _351\"> </span>159 <span class=\"_ _c8\"> </span><span class=\"ffc8 ls3 ws3\">62<span class=\"_ _351\"> </span></span>Adjustments in <span class=\"_ _3\"></span>respect <span class=\"_ _3\"></span>of prior year<span class=\"_ _3\"></span>s<span class=\"_ _1dd\"> </span><span class=\"ffc7 ls3 ws3\">3 <span class=\"_ _7b\"> </span><span class=\"ffc6\">(2<span class=\"_ _0\"></span>7 )<span class=\"_ _351\"> </span></span></span>Incr<span class=\"_ _3\"></span>ease in closing <span class=\"_ _3\"></span>deferr<span class=\"_ _3\"></span>ed taxes <span class=\"_ _3\"></span>resulting <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>a change in <span class=\"_ _3\"></span>the UK tax <span class=\"_ _3\"></span>rate<span class=\"_ _351\"> </span>6<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _71\"> </span><span class=\"ffc6 ls6b ws98\">(32<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>(30<span class=\"_ _0\"></span>8)<span class=\"_ _83\"> </span><span class=\"ffc6 ls74 wsa2\">(41<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span>Underlying items <span class=\"_ _3\"></span>(note 2)<span class=\"_ _262\"> </span><span class=\"ffc7 ls3 ws3\">48 <span class=\"_ _c8\"> </span><span class=\"ffc8\">26<span class=\"_ _351\"> </span></span></span>Non-underlying items<span class=\"_ _263\"> </span><span class=\"ffc7 ls60 ws8d\">(356)<span class=\"_ _67\"> </span><span class=\"ffc6 ls1af ws20e\">(<span class=\"_ _f\"></span>444<span class=\"_ _351\"> </span></span></span>(30<span class=\"_ _0\"></span>8)<span class=\"_ _83\"> </span><span class=\"ffc6 ls74 wsa2\">(41<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>ax <span class=\"_ _3\"></span>on discon<span class=\"_ _3\"></span>tinued operations<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>T<span class=\"_ _3\"></span>ax charge/(cr<span class=\"_ _3\"></span>edit) on pr<span class=\"_ _f\"></span>ofit/(loss) befor<span class=\"_ _3\"></span>e taxation fr<span class=\"_ _f\"></span>om discontinued oper<span class=\"_ _3\"></span>ations <span class=\"_ _264\"> </span><span class=\"ffc7 ls3 ws3\">10 <span class=\"_ _85\"> </span><span class=\"ffc6 ls60 ws8d\">(3<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _3\"></span>ax cr<span class=\"_ _3\"></span>edit on di<span class=\"_ _3\"></span>sposal of discontinued <span class=\"_ _3\"></span>operations <span class=\"_ _20c\"> </span><span class=\"ffc7 ls77 wsa5\">(31)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span>(21)<span class=\"_ _85\"> </span><span class=\"ffc6 ls60 ws8d\">(3<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span>1<span class=\"_ _351\"> </span>The UK tax <span class=\"_ _3\"></span>rate differ<span class=\"_ _3\"></span>ential arises on <span class=\"_ _3\"></span>the differ<span class=\"_ _3\"></span>ence between the defer<span class=\"_ _3\"></span>red tax <span class=\"_ _3\"></span>rate and the <span class=\"_ _3\"></span>statutory tax rate<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Overseas rate differ<span class=\"_ _f\"></span>ences mainly relate to tax on profits or losses in countries s<span class=\"_ _3\"></span>uch as the US and Germany<span class=\"_ _f\"></span>, which have higher tax rates than the UK<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>The exempt <span class=\"_ _3\"></span>gain mainly r<span class=\"_ _3\"></span>elates to the di<span class=\"_ _3\"></span>sposal of Airtanker Holding<span class=\"_ _3\"></span>s Ltd. The 2021 <span class=\"_ _3\"></span>exempt gain r<span class=\"_ _f\"></span>elates to the disposal of <span class=\"_ _3\"></span>the Civil Nuclear Instrumentation <span class=\"_ _3\"></span>and Contr<span class=\"_ _3\"></span>ols business<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>Benefit to defer<span class=\"_ _3\"></span>red tax <span class=\"_ _3\"></span>from pr<span class=\"_ _3\"></span>eviously unr<span class=\"_ _3\"></span>ecognised tax losses and <span class=\"_ _3\"></span>temporary differ<span class=\"_ _f\"></span>ences mainly relates <span class=\"_ _3\"></span>to for<span class=\"_ _3\"></span>eign exchange derivativ<span class=\"_ _3\"></span>es<span class=\"_ _351\"> </span>5<span class=\"_ _351\"> </span>T<span class=\"_ _3\"></span>ax losses and other <span class=\"_ _3\"></span>temporary differ<span class=\"_ _3\"></span>ences not r<span class=\"_ _f\"></span>eco<span class=\"_ _0\"></span>gnised mainly r<span class=\"_ _f\"></span>elate to the UK<span class=\"_ _351\"> </span>6<span class=\"_ _351\"> </span>The 2021 tax <span class=\"_ _3\"></span>credit arising <span class=\"_ _3\"></span>on the change in <span class=\"_ _3\"></span>the UK tax r<span class=\"_ _3\"></span>ate r<span class=\"_ _3\"></span>epresents the <span class=\"_ _3\"></span>impact of r<span class=\"_ _3\"></span>e-measurement <span class=\"_ _3\"></span>of the UK deferr<span class=\"_ _f\"></span>ed tax asset balances fr<span class=\"_ _3\"></span>om 19% to <span class=\"_ _3\"></span>25%<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>5\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>axation\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Deferred <span class=\"_ _3\"></span>taxa<span class=\"_ _3\"></span>tion as<span class=\"_ _f\"></span>se<span class=\"_ _0\"></span>ts and <span class=\"_ _3\"></span>liabilities<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At 31 <span class=\"_ _3\"></span>December (as pr<span class=\"_ _f\"></span>eviously reported)<span class=\"_ _265\"> </span>1<span class=\"_ _0\"></span>,79<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _6c\"> </span><span class=\"ls6b ws98\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>32<span class=\"_ _351\"> </span></span>Adoption of <span class=\"_ _3\"></span>amendment to IAS <span class=\"_ _3\"></span>37<span class=\"_ _1e0\"> </span><span class=\"ffc6 ls80 wsae\">(6)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span>At 1 <span class=\"_ _3\"></span>January<span class=\"_ _1d7\"> </span><span class=\"ffc7\">1,7<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span> <span class=\"_ _6c\"> </span></span><span class=\"ls6b ws98\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>32<span class=\"_ _351\"> </span></span>Amount cr<span class=\"_ _f\"></span>edited to income statement<span class=\"_ _266\"> </span><span class=\"ffc7 ls3 ws3\">495 <span class=\"_ _83\"> </span><span class=\"ffc8\">63<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>Amount cr<span class=\"_ _f\"></span>edited/(charged) to OCI<span class=\"_ _1c1\"> </span><span class=\"ffc7 ls3 ws3\">91 <span class=\"_ _15a\"> </span><span class=\"ffc6 ls62 ws8f\">(82<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Amount cr<span class=\"_ _f\"></span>edited/(charged) to hedging r<span class=\"_ _f\"></span>eserves<span class=\"_ _20c\"> </span><span class=\"ffc7 ls3 ws3\">12 <span class=\"_ _b6\"> </span><span class=\"ffc6\">(2<span class=\"_ _351\"> </span></span></span>Amount cr<span class=\"_ _f\"></span>edited to equity<span class=\"_ _267\"> </span><span class=\"ffc7 ls3 ws3\">1 <span class=\"_ _1b5\"> </span><span class=\"ffc8\">17<span class=\"_ _351\"> </span></span></span>On disposal <span class=\"_ _3\"></span>of businesses<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>28 <span class=\"_ _bb\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _85\"> </span><span class=\"ffc6 ls65 ws92\">(8 5)<span class=\"_ _351\"> </span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _1c7\"> </span><span class=\"ffc7 ls3 ws3\">26 <span class=\"_ _c8\"> </span><span class=\"ffc6 ls60 ws8d\">(14<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December<span class=\"_ _22e\"> </span><span class=\"ffc7 ls3 ws3\">2<span class=\"_ _2\"></span>,4<span class=\"_ _0\"></span>45 <span class=\"_ _99\"> </span></span>1<span class=\"_ _0\"></span>,79<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> Deferr<span class=\"_ _3\"></span>ed tax assets <span class=\"_ _a1\"> </span><span class=\"ffc7\">2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>31 <span class=\"_ _5e\"> </span></span><span class=\"ls62 ws8f\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>249<span class=\"_ _351\"> </span></span>Deferr<span class=\"_ _3\"></span>ed tax liabilities<span class=\"_ _263\"> </span><span class=\"ffc7 ls77 wsa5\">(2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6)<span class=\"_ _73\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>51)<span class=\"_ _351\"> </span></span></span>2<span class=\"_ _0\"></span>,4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5 <span class=\"_ _6c\"> </span><span class=\"ffc8 ls5c ws8a\">1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span>1<span class=\"_ _351\"> </span>The 2022 <span class=\"_ _3\"></span>deferred <span class=\"_ _3\"></span>tax relates <span class=\"_ _3\"></span>to the disposal <span class=\"_ _3\"></span>of ITP A<span class=\"_ _3\"></span>ero. The <span class=\"_ _3\"></span>2021 deferr<span class=\"_ _3\"></span>ed tax r<span class=\"_ _f\"></span>elates to the disposal <span class=\"_ _3\"></span>of Bergen Engines <span class=\"_ _3\"></span>AS and the <span class=\"_ _3\"></span>Civil Nuclear Instrumentation <span class=\"_ _3\"></span>and Contr<span class=\"_ _3\"></span>ol business<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>The 2021 defer<span class=\"_ _3\"></span>red tax <span class=\"_ _3\"></span>transferr<span class=\"_ _3\"></span>ed to assets held f<span class=\"_ _3\"></span>or sale r<span class=\"_ _3\"></span>elates to ITP Aer<span class=\"_ _f\"></span>o<span class=\"_ _351\"> </span>The ana<span class=\"_ _0\"></span>lysi<span class=\"_ _0\"></span>s of the defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d tax p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>At\u200231<span class=\"_ _351\"> </span>December<span class=\"_ _351\"> </span>(as\u2002prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>sly<span class=\"_ _351\"> </span>reported<span class=\"_ _3\"></span>)<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>On\u2002adoption<span class=\"_ _351\"> </span>of<span class=\"_ _351\"> </span>amendment<span class=\"_ _351\"> </span>to\u2002IA<span class=\"_ _0\"></span>S\u200237<span class=\"_ _351\"> </span>At\u20021\u2002Januar<span class=\"_ _0\"></span>y\u2002\u00a3m<span class=\"_ _351\"> </span>Recognised<span class=\"_ _351\"> </span>in\u2002in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>statement<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Recognised<span class=\"_ _351\"> </span>in\u2002OC<span class=\"_ _0\"></span>I<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Recognised<span class=\"_ _351\"> </span>in\u2002eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Disposals<span class=\"_ _351\"> </span>related<span class=\"_ _351\"> </span>activit<span class=\"_ _0\"></span>y<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>ransfe<span class=\"_ _0\"></span>rred\u2002to\u2002he<span class=\"_ _0\"></span>ld<span class=\"_ _351\"> </span>for\u2002s<span class=\"_ _0\"></span>ale<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Exchange<span class=\"_ _351\"> </span>differences<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At\u200231<span class=\"_ _0\"></span>\u2002December<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>Intangible assets<span class=\"_ _268\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _72\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _10d\"> </span><span class=\"ffc7 ls68 ws95\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _56\"> </span></span><span class=\"ffc7\">29 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _99\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>)<span class=\"_ _a4\"> </span><span class=\"ls68 ws95\">(43<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Pr<span class=\"_ _3\"></span>operty<span class=\"_ _3\"></span>, plant and <span class=\"_ _3\"></span>equipment<span class=\"_ _d2\"> </span><span class=\"ffc6 ls157 ws186\">193<span class=\"_ _6f\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _269\"> </span><span class=\"ffc7 ls7b wsaa\">193 <span class=\"_ _56\"> </span></span><span class=\"ffc7\">3<span class=\"_ _0\"></span>3 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7d\"> </span>6 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _68\"> </span><span class=\"ls77 wsa5\">(2)<span class=\"_ _10f\"> </span></span>2<span class=\"_ _0\"></span>30<span class=\"_ _351\"> </span></span></span>Other temporary <span class=\"_ _3\"></span>differ<span class=\"_ _3\"></span>ences<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>47<span class=\"_ _0\"></span>1<span class=\"_ _67\"> </span><span class=\"ls80 wsae\">(6)<span class=\"_ _154\"> </span><span class=\"ffc7 ls3 ws3\">465 <span class=\"_ _74\"> </span><span class=\"ls6e ws9b\">133 <span class=\"_ _7d\"> </span></span></span></span><span class=\"ffc7\">(1)<span class=\"_ _67\"> </span><span class=\"ls3 ws3\">1 <span class=\"_ _269\"> </span>4<span class=\"_ _0\"></span>4 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _61\"> </span>8 <span class=\"_ _114\"> </span>650<span class=\"_ _351\"> </span></span></span>Net contract <span class=\"_ _3\"></span>liabilities<span class=\"_ _170\"> </span><span class=\"ffc6 lsa9 wsd6\">73<span class=\"_ _64\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _157\"> </span><span class=\"ffc7\">73 <span class=\"_ _5e\"> </span><span class=\"ls63 ws90\">(9)<span class=\"_ _7f\"> </span></span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _95\"> </span>6<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span></span>Pensions and <span class=\"_ _3\"></span>other post-<span class=\"ls3 ws3\"> </span>r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme benefits<span class=\"_ _219\"> </span><span class=\"ffc6 ls80 wsae\">(1 4<span class=\"_ _0\"></span>0)<span class=\"_ _72\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _5d\"> </span><span class=\"ffc7 ls63 ws90\">(14<span class=\"_ _0\"></span>0)<span class=\"_ _2a\"> </span>(19<span class=\"_ _0\"></span>)<span class=\"_ _95\"> </span></span><span class=\"ffc7\">89 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _5e\"> </span><span class=\"ls6e ws9b\">13 <span class=\"_ _5a\"> </span><span class=\"ls6c ws99\">(57)<span class=\"_ _351\"> </span></span></span></span></span>For<span class=\"_ _f\"></span>eign exchange <span class=\"_ _3\"></span>and commodity<span class=\"_ _351\"> </span>financial assets <span class=\"_ _3\"></span>and liabilities<span class=\"_ _f2\"> </span><span class=\"ffc6 ls97 wsc4\">362<span class=\"_ _64\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _cc\"> </span><span class=\"ffc7 lsaa wsd7\">362 <span class=\"_ _10d\"> </span><span class=\"ls60 ws8d\">329 <span class=\"_ _5e\"> </span></span></span><span class=\"ffc7\">15 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _cc\"> </span><span class=\"ls77 wsa5\">(22)<span class=\"_ _7f\"> </span></span>\u2013 <span class=\"_ _7d\"> </span>9 <span class=\"_ _10f\"> </span><span class=\"ls7b wsaa\">6<span class=\"_ _0\"></span>93<span class=\"_ _351\"> </span></span></span></span>Losses<span class=\"_ _12b\"> </span><span class=\"ffc8 ls90 wsbd\">1,085<span class=\"_ _64\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _9b\"> </span><span class=\"ffc7\">1<span class=\"_ _0\"></span>,08<span class=\"_ _0\"></span>5 <span class=\"_ _269\"> </span><span class=\"ls63 ws90\">(12)<span class=\"_ _61\"> </span></span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7d\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _149\"> </span><span class=\"ls6e ws9b\">1<span class=\"_ _0\"></span>,072<span class=\"_ _351\"> </span></span></span></span></span></span>R&amp;D cr<span class=\"_ _f\"></span>edit<span class=\"_ _10a\"> </span><span class=\"ffc6 ls97 wsc4\">56<span class=\"_ _64\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _124\"> </span><span class=\"ffc7\">56 <span class=\"_ _6c\"> </span>11 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _56\"> </span>67<span class=\"_ _351\"> </span></span></span>Advance corpor<span class=\"_ _3\"></span>ation tax<span class=\"_ _26a\"> </span><span class=\"ffc6 ls52 wse4\">162<span class=\"_ _64\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _269\"> </span><span class=\"ffc7\">1<span class=\"_ _0\"></span>62 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _6a\"> </span>1<span class=\"_ _0\"></span>62<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _0\"></span>,79<span class=\"_ _0\"></span>8<span class=\"_ _67\"> </span><span class=\"ffc6 ls80 wsae\">(6)<span class=\"_ _a5\"> </span></span><span class=\"ffc7\">1<span class=\"_ _2\"></span>,79<span class=\"_ _0\"></span>2 <span class=\"_ _9c\"> </span><span class=\"ls3 ws3\">49<span class=\"_ _0\"></span>5 <span class=\"_ _59\"> </span><span class=\"ls80 wsae\">1<span class=\"_ _0\"></span>03 <span class=\"_ _71\"> </span></span>1 <span class=\"_ _56\"> </span>28 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _269\"> </span>2<span class=\"_ _0\"></span>6 <span class=\"_ _53\"> </span>2<span class=\"_ _0\"></span>,4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span>Recognised in:<span class=\"_ _351\"> </span>Continuing oper<span class=\"_ _3\"></span>ations<span class=\"_ _140\"> </span><span class=\"ffc7 ls83 wsb1\">472<span class=\"_ _351\"> </span></span>Discontinued oper<span class=\"_ _3\"></span>ations<span class=\"_ _26b\"> </span><span class=\"ffc7 lsa9 wsd6\">23<span class=\"_ _351\"> </span></span>2021<span class=\"_ _351\"> </span>Intangible assets<span class=\"_ _201\"> </span><span class=\"ffc6 ls75 wsa3\">(567)<span class=\"_ _10f\"> </span><span class=\"ls6e ws9b\">(102<span class=\"_ _0\"></span>)<span class=\"_ _7f\"> </span></span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _5d\"> </span>1<span class=\"_ _0\"></span>88 <span class=\"_ _124\"> </span>1<span class=\"_ _0\"></span>7 <span class=\"_ _a4\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>Pr<span class=\"_ _3\"></span>operty<span class=\"_ _3\"></span>, plant and <span class=\"_ _3\"></span>equipment<span class=\"_ _f1\"> </span><span class=\"ls3 ws3\">34 <span class=\"_ _74\"> </span>14<span class=\"_ _0\"></span>5 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _92\"> </span>23 <span class=\"_ _124\"> </span><span class=\"ffc6 ls80 wsae\">(9)<span class=\"_ _5d\"> </span></span>193<span class=\"_ _351\"> </span></span>Other temporary <span class=\"_ _3\"></span>differ<span class=\"_ _3\"></span>ences<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>34<span class=\"_ _0\"></span>3 <span class=\"_ _6a\"> </span>18<span class=\"_ _0\"></span>5 <span class=\"_ _269\"> </span><span class=\"ffc6 ls64 ws91\">(12)<span class=\"_ _21\"> </span></span>\u2013 <span class=\"_ _124\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _154\"> </span>(49<span class=\"_ _0\"></span>)<span class=\"_ _7d\"> </span></span>8 <span class=\"_ _154\"> </span><span class=\"ls63 ws90\">47<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> </span>Net contract <span class=\"_ _3\"></span>liabilities<span class=\"_ _26c\"> </span><span class=\"ls3 ws3\">56 <span class=\"_ _124\"> </span>17 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _92\"> </span>7<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span>Pensions and <span class=\"_ _3\"></span>other post-<span class=\"ls3 ws3\"> </span>r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme benefits<span class=\"_ _ef\"> </span><span class=\"ffc6 ls62 ws8f\">(8)<span class=\"_ _5a\"> </span><span class=\"ls74 wsa2\">(47<span class=\"_ _0\"></span>)<span class=\"_ _154\"> </span><span class=\"ls3 ws3\">(7<span class=\"_ _0\"></span>9)<span class=\"_ _7f\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _124\"> </span></span><span class=\"ls80 wsae\">(6)<span class=\"_ _10b\"> </span>(14<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></span></span>For<span class=\"_ _f\"></span>eign exchange <span class=\"_ _3\"></span>and commodity<span class=\"_ _351\"> </span>financial assets <span class=\"_ _3\"></span>and liabilities<span class=\"_ _182\"> </span><span class=\"ls3 ws3\">187 <span class=\"_ _5d\"> </span>16<span class=\"_ _0\"></span>5 <span class=\"_ _7f\"> </span>7 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _71\"> </span>1 <span class=\"_ _61\"> </span>2 <span class=\"_ _10d\"> </span>36<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span>Losses<span class=\"_ _189\"> </span><span class=\"ffc8 ls3 ws3\">850 <span class=\"_ _10d\"> </span>2<span class=\"_ _0\"></span>54 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _124\"> </span>17 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _154\"> </span></span><span class=\"ls6b ws98\">(33)<span class=\"_ _124\"> </span>(3)<span class=\"_ _24b\"> </span><span class=\"ffc8 ls90 wsbd\">1,085<span class=\"_ _351\"> </span></span></span>R&amp;D cr<span class=\"_ _f\"></span>edit<span class=\"_ _b9\"> </span><span class=\"lsce wsf8\">2<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span> <span class=\"_ _95\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>0 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _10d\"> </span><span class=\"ffc6 ls66 ws93\">(215<span class=\"_ _3\"></span>)<span class=\"_ _154\"> </span><span class=\"ls6b ws98\">(2<span class=\"_ _0\"></span>3)<span class=\"_ _95\"> </span><span class=\"ffc8 ls3 ws3\">56<span class=\"_ _351\"> </span></span></span></span></span></span>Advance corpor<span class=\"_ _3\"></span>ation tax<span class=\"_ _26d\"> </span><span class=\"ls3 ws3\">16<span class=\"_ _0\"></span>3 <span class=\"_ _7d\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _7f\"> </span></span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _6a\"> </span>1<span class=\"_ _0\"></span>62<span class=\"_ _351\"> </span></span>1,<span class=\"_ _2\"></span>332 <span class=\"_ _10f\"> </span><span class=\"ls3 ws3\">6<span class=\"_ _0\"></span>36 <span class=\"_ _154\"> </span><span class=\"ffc6 ls60 ws8d\">(84)<span class=\"_ _124\"> </span></span>1<span class=\"_ _0\"></span>7 <span class=\"_ _124\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _154\"> </span><span class=\"ls65 ws92\">(8<span class=\"_ _0\"></span>5)<span class=\"_ _269\"> </span><span class=\"ls60 ws8d\">(1 4)<span class=\"_ _151\"> </span></span></span></span><span class=\"ls5c ws8a\">1<span class=\"_ _2\"></span>,79<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> </span></span>Recognised in:<span class=\"_ _351\"> </span>Continuing oper<span class=\"_ _3\"></span>ations<span class=\"_ _4\"> </span><span class=\"ls3 ws3\">600<span class=\"_ _351\"> </span></span>Discontinued oper<span class=\"_ _3\"></span>ations<span class=\"_ _26e\"> </span><span class=\"ls3 ws3\">36<span class=\"_ _351\"> </span></span>1<span class=\"_ _351\"> </span>Other temporary differ<span class=\"_ _3\"></span>ences mainly relate to the defer<span class=\"_ _3\"></span>ral of relief f<span class=\"_ _3\"></span>or interest expenses in the UK and r<span class=\"_ _3\"></span>evenue r<span class=\"_ _3\"></span>ecognised earlier under local GAAP compared to IFRS in Germany<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>5\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>axation\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Unr<span class=\"_ _3\"></span>ecognised deferred ta<span class=\"_ _3\"></span>x a<span class=\"_ _3\"></span>ssets<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Advance corpor<span class=\"_ _3\"></span>ation tax<span class=\"_ _26f\"> </span><span class=\"ffc7 ls3 ws3\">19 <span class=\"_ _58\"> </span><span class=\"ffc8\">1<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span>UK losses<span class=\"_ _15b\"> </span><span class=\"ffc7 ls3 ws3\">2<span class=\"_ _0\"></span>,04<span class=\"_ _0\"></span>0 <span class=\"_ _81\"> </span><span class=\"ffc8\">1,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>63<span class=\"_ _351\"> </span></span></span>For<span class=\"_ _f\"></span>eign exchange <span class=\"_ _3\"></span>and commodity financial assets <span class=\"_ _3\"></span>and liabilities<span class=\"_ _178\"> </span><span class=\"ffc7 ls3 ws3\">218 <span class=\"_ _86\"> </span><span class=\"ffc8\">3<span class=\"_ _0\"></span>92<span class=\"_ _351\"> </span></span></span>Losses and <span class=\"_ _3\"></span>other unr<span class=\"_ _3\"></span>ecognised deferr<span class=\"_ _f\"></span>ed tax assets<span class=\"_ _270\"> </span><span class=\"ffc7 ls3 ws3\">33 <span class=\"_ _75\"> </span><span class=\"ffc8\">73<span class=\"_ _351\"> </span></span></span>Deferr<span class=\"_ _3\"></span>ed tax not <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>ecognised on unused <span class=\"_ _3\"></span>tax losses and <span class=\"_ _3\"></span>other items on <span class=\"_ _3\"></span>the basis th<span class=\"_ _3\"></span>at futur<span class=\"_ _3\"></span>e economic benefit<span class=\"_ _351\"> </span>is uncertain<span class=\"_ _1d7\"> </span><span class=\"ffc7 ls77 wsa5\">2,<span class=\"_ _0\"></span>31<span class=\"_ _0\"></span>0<span class=\"_ _7d\"> </span></span><span class=\"ls63 ws90\">2,0<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span> </span>Gr<span class=\"_ _3\"></span>oss amount and expiry of losses and other deductible temporary diff<span class=\"_ _3\"></span>erences for which n<span class=\"_ _3\"></span>o deferred tax asset has been r<span class=\"_ _f\"></span>ecognised.<span class=\"_ _351\"> </span>2022<span class=\"_ _271\"> </span><span class=\"ffc6\">2021<span class=\"_ _351\"> </span></span>T<span class=\"_ _3\"></span>ot<span class=\"_ _0\"></span>al\u2002gro<span class=\"_ _0\"></span>ss\u2002loss<span class=\"_ _0\"></span>es\u2002a<span class=\"_ _0\"></span>nd\u2002deductible\u2002temporary\u2002differences<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>UK<span class=\"_ _351\"> </span>losses<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Fore<span class=\"_ _0\"></span>ign\u2002excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>\u2002and\u2002commodity\u2002financial\u2002ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s\u2002an<span class=\"_ _0\"></span>d\u2002liabilities<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other\u2002losses\u2002\u00a3m<span class=\"_ _351\"> </span>Other\u2002deductible\u2002temporary\u2002differences<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _0\"></span>al gros<span class=\"_ _0\"></span>s loss<span class=\"_ _0\"></span>es and deductible temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y differences<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>UK<span class=\"_ _351\"> </span>losses<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Forei<span class=\"_ _0\"></span>gn exchange<span class=\"_ _351\"> </span>and<span class=\"_ _351\"> </span>commodi<span class=\"_ _0\"></span>ty financial<span class=\"_ _351\"> </span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>liabilities<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other<span class=\"_ _351\"> </span>losses<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other deductible temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y differences<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Expiry within<span class=\"_ _351\"> </span>5 years<span class=\"_ _272\"> </span><span class=\"ffc7 ls3 ws3\">83 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _5c\"> </span>83 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _c5\"> </span><span class=\"ffc8\">4 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _ae\"> </span>4 <span class=\"_ _2b\"> </span>\u2013<span class=\"_ _351\"> </span></span></span>Expiry within<span class=\"_ _351\"> </span>6 to 30 <span class=\"_ _3\"></span>years<span class=\"_ _de\"> </span><span class=\"ffc7 ls3 ws3\">265 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _68\"> </span>265 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ffc8\">282 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _157\"> </span>282 <span class=\"_ _2b\"> </span>\u2013<span class=\"_ _351\"> </span></span></span>No expiry<span class=\"_ _11e\"> </span><span class=\"ffc7 ls6c ws99\">9,0<span class=\"_ _0\"></span>57 <span class=\"_ _cc\"> </span><span class=\"ls6d wscb\">8,1<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span> <span class=\"_ _7d\"> </span><span class=\"ls3 ws3\">87<span class=\"_ _0\"></span>1 <span class=\"_ _83\"> </span>2<span class=\"_ _0\"></span>7 <span class=\"_ _2b\"> </span>2 <span class=\"_ _87\"> </span></span></span></span><span class=\"lsd0 wsfa\">7,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _154\"> </span><span class=\"ls74 wsa2\">6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>51 <span class=\"_ _154\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>56<span class=\"_ _0\"></span>7 <span class=\"_ _71\"> </span>66 <span class=\"_ _6c\"> </span>10<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span>9,4<span class=\"_ _0\"></span>05 <span class=\"_ _cc\"> </span><span class=\"ls6d wscb\">8,1<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span> <span class=\"_ _7d\"> </span><span class=\"ls3 ws3\">87<span class=\"_ _0\"></span>1 <span class=\"_ _157\"> </span><span class=\"ls6e ws9b\">375 <span class=\"_ _ae\"> </span></span>2 <span class=\"_ _87\"> </span><span class=\"ffc8\">8,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>78 <span class=\"_ _154\"> </span><span class=\"ls74 wsa2\">6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span> <span class=\"_ _74\"> </span></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>67 <span class=\"_ _81\"> </span><span class=\"ls7b wsaa\">3<span class=\"_ _0\"></span>52 <span class=\"_ _6c\"> </span></span>10<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span>In <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>gross <span class=\"_ _2\"></span>bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ces <span class=\"_ _2\"></span>show<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bove<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>dvan<span class=\"_ _0\"></span>ce <span class=\"_ _2\"></span>cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ax <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>\u00a3<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>m <span class=\"_ _2\"></span>(2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1: <span class=\"_ _2\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>9m) <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>Adv<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span> cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>ax ha<span class=\"_ _0\"></span>s no expir<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span>Of th<span class=\"_ _0\"></span>e total de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et of \u00a32<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>31m<span class=\"_ _0\"></span>, \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,73<span class=\"_ _0\"></span>6m) rela<span class=\"_ _0\"></span>tes to the UK and is mad<span class=\"_ _0\"></span>e up as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4m) rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng to ta<span class=\"_ _0\"></span>x losse<span class=\"_ _0\"></span>s;<span class=\"_ _0\"></span> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">\u00a36<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a33<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>m) arisin<span class=\"_ _0\"></span>g on unrealis<span class=\"_ _0\"></span>ed lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on deri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>62<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a31<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>2m) of advan<span class=\"_ _0\"></span>ce cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>; and<span class=\"_ _0\"></span> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls92 wsbf\">\u00a3<span class=\"_ _0\"></span>29<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a31<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>1m) rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to othe<span class=\"_ _0\"></span>r dedu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le temp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, in par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icul<span class=\"_ _0\"></span>ar ta<span class=\"_ _0\"></span>x dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> and relie<span class=\"_ _0\"></span>f for interes<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>The <span class=\"_ _0\"></span>UK <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>rima<span class=\"_ _0\"></span>rily <span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ise <span class=\"_ _0\"></span>in R<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royc<span class=\"_ _0\"></span>e pl<span class=\"_ _0\"></span>c an<span class=\"_ _0\"></span>d have <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess <span class=\"_ _0\"></span>will<span class=\"_ _0\"></span> gen<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>ts an<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies in the fu<span class=\"_ _0\"></span>ture agai<span class=\"_ _0\"></span>nst whi<span class=\"_ _0\"></span>ch the los<span class=\"_ _0\"></span>ses and de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e tempo<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rence<span class=\"_ _0\"></span>s can be ut<span class=\"_ _0\"></span>ilis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Mos<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>K <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ses <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Ae<span class=\"_ _0\"></span>rospa<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>eng<span class=\"_ _0\"></span>ine <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>makes <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ial <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span> of a program<span class=\"_ _0\"></span>me and the<span class=\"_ _0\"></span>n makes a profit thro<span class=\"_ _0\"></span>ugh it<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s for ser<span class=\"_ _2\"></span>vic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. The pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e life<span class=\"_ _0\"></span>cycl<span class=\"_ _0\"></span>es are ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y in excess of 30 years<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> De<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>onl<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>to <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>ex<span class=\"_ _2\"></span>tent <span class=\"_ _3\"></span>tha<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>is <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>tha<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>uture <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>gai<span class=\"_ _0\"></span>nst <span class=\"_ _3\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span> ut<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> A <span class=\"_ _3\"></span>re<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> ha<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>, ta<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f de<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> ag<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> rev<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>e of<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> usi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g la<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t UK<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>, wh<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span> are ma<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nl<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> dri<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n by th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> Ci<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> Aer<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e la<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> bus<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>, to as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> lev<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l of fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> ta<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The rec<span class=\"_ _0\"></span>overab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s has be<span class=\"_ _0\"></span>en ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed on th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing ba<span class=\"_ _0\"></span>sis:<span class=\"_ _0\"></span> \u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">usin<span class=\"_ _0\"></span>g the mos<span class=\"_ _0\"></span>t recen<span class=\"_ _0\"></span>t UK profi<span class=\"_ _0\"></span>t forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s which are consis<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t with pa<span class=\"_ _0\"></span>st exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce and ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal sou<span class=\"_ _0\"></span>rces on mar<span class=\"_ _0\"></span>ket condi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span> </span>fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s cover the nex<span class=\"_ _0\"></span>t five yea<span class=\"_ _0\"></span>rs;<span class=\"_ _0\"></span> the <span class=\"_ _2\"></span>lon<span class=\"_ _0\"></span>g-t<span class=\"_ _0\"></span>erm <span class=\"_ _2\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>profi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rofil<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>jor <span class=\"_ _2\"></span>la<span class=\"_ _0\"></span>rge <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>excess <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ears <span class=\"_ _2\"></span>from <span class=\"_ _2\"></span>init<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt to retirem<span class=\"_ _0\"></span>ent of the fle<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g the af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>rket revenu<span class=\"_ _0\"></span>es earn<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m airlin<span class=\"_ _0\"></span>e custo<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s;<span class=\"_ _0\"></span> \u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>into <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>unt <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>k <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>tor<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ges <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>lly <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>dema<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>our <span class=\"_ _2\"></span>prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>shif<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>cus<span class=\"_ _351\"> </span></span>toward<span class=\"_ _0\"></span>s more sust<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e produ<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s and so<span class=\"_ _0\"></span>lut<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s;<span class=\"_ _0\"></span> \u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n that all comm<span class=\"_ _0\"></span>ercial ae<span class=\"_ _0\"></span>ro-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es will be co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le wit<span class=\"_ _0\"></span>h sust<span class=\"_ _0\"></span>aina<span class=\"_ _0\"></span>ble fu<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s by the end of 202<span class=\"_ _0\"></span>3;<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\"> a 25% proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the severe bu<span class=\"_ _0\"></span>t plaus<span class=\"_ _0\"></span>ible do<span class=\"_ _0\"></span>wnsi<span class=\"_ _0\"></span>de fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t mate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g in relat<span class=\"_ _0\"></span>ion to the civ<span class=\"_ _0\"></span>il avia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n indus<span class=\"_ _0\"></span>tr<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">th<span class=\"_ _0\"></span>e long<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t profi<span class=\"_ _0\"></span>t and cost pro<span class=\"_ _0\"></span>file of the ot<span class=\"_ _0\"></span>her pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of the busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>5\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>axation\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>The<span class=\"_ _0\"></span> asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent ta<span class=\"_ _0\"></span>kes into acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span> UK ta<span class=\"_ _0\"></span>x law<span class=\"_ _0\"></span>s that<span class=\"_ _0\"></span>, in bro<span class=\"_ _0\"></span>ad ter<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span>, res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>t the of<span class=\"_ _2\"></span>fs<span class=\"_ _0\"></span>et of the<span class=\"_ _0\"></span> car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d for<span class=\"_ _2\"></span>ward t<span class=\"_ _0\"></span>ax lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es to 50<span class=\"_ _0\"></span>% of curren<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span>year <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>In <span class=\"_ _2\"></span>addi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>amou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>timi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of<span class=\"_ _0\"></span> macro<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic f<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s and cl<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge on <span class=\"_ _0\"></span>exis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng l<span class=\"_ _0\"></span>arge e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. B<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n this a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup ha<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>a total UK de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et of \u00a32<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m. Thi<span class=\"_ _0\"></span>s refle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e conclu<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s that<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">It is prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e that the bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s will gen<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>te ta<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le inco<span class=\"_ _0\"></span>me and ta<span class=\"_ _0\"></span>x liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in the future ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t which the<span class=\"_ _0\"></span>se los<span class=\"_ _0\"></span>ses ca<span class=\"_ _0\"></span>n be util<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>Ba<span class=\"_ _0\"></span>sed <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrent <span class=\"_ _2\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>ous <span class=\"_ _2\"></span>scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>dif<span class=\"_ _2\"></span>feren<span class=\"_ _0\"></span>ces <span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>be <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ull<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>hin <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>rge <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>life<span class=\"_ _0\"></span>cyc<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>expl<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oten<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>clima<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> and sen<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y anal<span class=\"_ _0\"></span>ysis ca<span class=\"_ _0\"></span>n be found in note 1<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The Gro<span class=\"_ _0\"></span>up has not recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a deferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>t in r<span class=\"_ _3\"></span>esp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct of 20<span class=\"_ _0\"></span>22 UK t<span class=\"_ _0\"></span>ax los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>es the impa<span class=\"_ _0\"></span>ct of the IA<span class=\"_ _0\"></span>S 37 ame<span class=\"_ _0\"></span>ndme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The othe<span class=\"_ _3\"></span>r sig<span class=\"_ _3\"></span>nificant <span class=\"_ _3\"></span>deferred <span class=\"_ _3\"></span>tax asset <span class=\"_ _3\"></span>arises <span class=\"_ _3\"></span>in R<span class=\"_ _3\"></span>olls-Royce <span class=\"_ _3\"></span>Deutschland L<span class=\"_ _3\"></span>td &amp;<span class=\"_ _3\"></span> Co <span class=\"_ _3\"></span>KG, wher<span class=\"_ _3\"></span>e the<span class=\"_ _3\"></span> mai<span class=\"_ _3\"></span>n activity is <span class=\"_ _3\"></span>business<span class=\"_ _3\"></span> avi<span class=\"_ _3\"></span>ation. The<span class=\"_ _351\"> </span>tot<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m), <span class=\"_ _0\"></span>whic<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>has <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>full<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>reve<span class=\"_ _0\"></span>nue <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g<span class=\"_ _351\"> </span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed and t<span class=\"_ _0\"></span>axe<span class=\"_ _0\"></span>d ear<span class=\"_ _0\"></span>lier und<span class=\"_ _0\"></span>er lo<span class=\"_ _0\"></span>cal t<span class=\"_ _0\"></span>ax rul<span class=\"_ _0\"></span>es result<span class=\"_ _0\"></span>ing in a ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t when revenu<span class=\"_ _0\"></span>e is recogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in the accou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s.<span class=\"_ _351\"> </span>Any <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>law <span class=\"_ _2\"></span>or <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ould <span class=\"_ _2\"></span>have <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant <span class=\"_ _2\"></span>ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>dif<span class=\"_ _2\"></span>feren<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>inc<span class=\"_ _0\"></span>ludin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>the perio<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>over <span class=\"_ _3\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hey can <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>use<span class=\"_ _0\"></span>d. In <span class=\"_ _f\"></span>vie<span class=\"_ _0\"></span>w <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>his <span class=\"_ _3\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cant judgem<span class=\"_ _0\"></span>ent <span class=\"_ _3\"></span>invol<span class=\"_ _0\"></span>ved <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>Bo<span class=\"_ _0\"></span>ard<span class=\"_ _351\"> </span>cont<span class=\"_ _0\"></span>inu<span class=\"_ _0\"></span>ousl<span class=\"_ _0\"></span>y reasse<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es this area<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> tem<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ass<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s in sub<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> joi<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> ven<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> and<span class=\"_ _0\"></span> ass<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>es<span class=\"_ _2\"></span>, fo<span class=\"_ _0\"></span>r whi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h a def<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _2\"></span>y ha<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, ag<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> to \u00a31<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>2m<span class=\"_ _0\"></span> (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a39<span class=\"_ _2\"></span>57m)<span class=\"_ _0\"></span>. N<span class=\"_ _0\"></span>o de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d ta<span class=\"_ _2\"></span>x lia<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>al wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hh<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> will not be gi<span class=\"_ _0\"></span>ven in the fores<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e future<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up is <span class=\"_ _0\"></span>revi<span class=\"_ _0\"></span>ewin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he O<span class=\"_ _0\"></span>ECD P<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>ar T<span class=\"_ _3\"></span>wo <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>glo<span class=\"_ _0\"></span>bal <span class=\"_ _0\"></span>minimum <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>) ru<span class=\"_ _0\"></span>les <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>K dra<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch wa<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>relea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on 20 July 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se rule<span class=\"_ _0\"></span>s will appl<span class=\"_ _0\"></span>y to the Group from 202<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>6\u2002<span class=\"_ _c\"> </span>Earnings\u2002per\u2002ordinary\u2002share<span class=\"_ _351\"> </span>Bas<span class=\"_ _0\"></span>ic <span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ning<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>ord<span class=\"_ _0\"></span>inar<span class=\"_ _2\"></span>y s<span class=\"_ _0\"></span>hare <span class=\"_ _0\"></span>(EP<span class=\"_ _0\"></span>S) <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by d<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ding <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>(los<span class=\"_ _0\"></span>s)/profit <span class=\"_ _0\"></span>at<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>to o<span class=\"_ _0\"></span>rdina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>sha<span class=\"_ _0\"></span>rehol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>by t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>wei<span class=\"_ _0\"></span>ghte<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>averag<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>numb<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>ord<span class=\"_ _0\"></span>inar<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>sha<span class=\"_ _0\"></span>res <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ssue <span class=\"_ _2\"></span>duri<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>exclu<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ares <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>eld <span class=\"_ _2\"></span>unde<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>reate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>if<span class=\"_ _351\"> </span>the<span class=\"_ _0\"></span>y had bee<span class=\"_ _0\"></span>n canc<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>As th<span class=\"_ _0\"></span>ere is a continu<span class=\"_ _0\"></span>ing los<span class=\"_ _0\"></span>s during th<span class=\"_ _0\"></span>e year<span class=\"_ _3\"></span>, the ef<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t of pote<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ally dilu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y shares is ant<span class=\"_ _0\"></span>i-<span class=\"_ _0\"></span>dilu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve.<span class=\"_ _351\"> </span>2022<span class=\"_ _51\"> </span><span class=\"ffc8 ls3 ws3\">202<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span>Basic<span class=\"_ _351\"> </span>Potentially\u2002dilutive\u2002share\u2002options<span class=\"_ _124\"> </span><span class=\"ls184 ws1b6\">Dilu<span class=\"_ _0\"></span>ted\u2002<span class=\"_ _72\"> </span><span class=\"ffc8 ls11e ws147\">Basic<span class=\"_ _351\"> </span></span></span>Potentially<span class=\"_ _351\"> </span>dilu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> options<span class=\"_ _124\"> </span><span class=\"ls11d ws145\">D<span class=\"_ _0\"></span>iluted<span class=\"_ _351\"> </span></span>(Loss)/pr<span class=\"_ _3\"></span>ofit attributable to <span class=\"_ _3\"></span>ordinary <span class=\"_ _3\"></span>shareh<span class=\"_ _3\"></span>olders (\u00a3m):<span class=\"_ _351\"> </span>Continuing oper<span class=\"_ _3\"></span>ations<span class=\"_ _273\"> </span><span class=\"ffc7 ls95 wsc2\">(1,<span class=\"_ _3\"></span>189)<span class=\"_ _46\"> </span>(1,<span class=\"_ _3\"></span>189)<span class=\"_ _1a\"> </span><span class=\"ffc8 ls3 ws3\">12<span class=\"_ _0\"></span>3 <span class=\"_ _159\"> </span>1<span class=\"_ _0\"></span>23<span class=\"_ _351\"> </span></span></span>Discontinued oper<span class=\"_ _3\"></span>ations<span class=\"_ _274\"> </span><span class=\"ffc7 ls63 ws90\">(80)<span class=\"_ _16c\"> </span>(80)<span class=\"_ _be\"> </span><span class=\"ffc6 ls6b ws98\">(<span class=\"_ _0\"></span>3)<span class=\"_ _ff\"> </span>(3)<span class=\"_ _351\"> </span></span></span>(1,269)<span class=\"_ _11d\"> </span>(<span class=\"_ _3\"></span>1,<span class=\"_ _0\"></span>269)<span class=\"_ _26\"> </span><span class=\"ffc8 ls3 ws3\">1<span class=\"_ _0\"></span>20 <span class=\"_ _16c\"> </span>120<span class=\"_ _351\"> </span></span>Weighted <span class=\"_ _3\"></span>average <span class=\"_ _3\"></span>number of <span class=\"_ _3\"></span>ordinary <span class=\"_ _3\"></span>shares <span class=\"_ _3\"></span>(millions)<span class=\"_ _67\"> </span><span class=\"ffc7 ls3 ws3\">8,<span class=\"_ _0\"></span>34<span class=\"_ _0\"></span>9 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _a0\"> </span>8,<span class=\"_ _0\"></span>34<span class=\"_ _0\"></span>9 <span class=\"_ _6b\"> </span></span><span class=\"ls6b ws98\">8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>32 <span class=\"_ _84\"> </span><span class=\"ls3 ws3\">20 <span class=\"_ _6b\"> </span><span class=\"ls7b wsaa\">8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>352<span class=\"_ _0\"></span> </span></span></span>EPS (pence):<span class=\"_ _351\"> </span>Continuing oper<span class=\"_ _3\"></span>ations<span class=\"_ _275\"> </span><span class=\"ffc7 ls74 wsa2\">(14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _a0\"> </span></span>(14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4)<span class=\"_ _83\"> </span></span><span class=\"ls3 ws3\">1.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8 <span class=\"_ _7d\"> </span><span class=\"lsca ws18e\">(0.01)<span class=\"_ _86\"> </span><span class=\"ls63 ws90\">1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>47<span class=\"_ _351\"> </span></span></span></span>Discontinued oper<span class=\"_ _3\"></span>ations<span class=\"_ _90\"> </span><span class=\"ffc7 ls15b ws189\">(0<span class=\"_ _3\"></span>.96)<span class=\"_ _e7\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _124\"> </span></span>(0.96<span class=\"_ _3\"></span>)<span class=\"_ _124\"> </span><span class=\"ffc8 lsca ws18e\">(0.04)<span class=\"_ _65\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _81\"> </span></span>(0.04)<span class=\"_ _351\"> </span></span></span>(15<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0)<span class=\"_ _65\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _92\"> </span></span>(1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0)<span class=\"_ _83\"> </span><span class=\"ffc8 ls3 ws3\">1.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4 <span class=\"_ _61\"> </span><span class=\"lsca ws18e\">(0.01<span class=\"_ _3\"></span>)<span class=\"_ _83\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>.4<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span></span></span>The rec<span class=\"_ _0\"></span>onci<span class=\"_ _0\"></span>lia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng EP<span class=\"_ _0\"></span>S and basic EP<span class=\"_ _0\"></span>S is as follo<span class=\"_ _0\"></span>ws:<span class=\"_ _351\"> </span>2022<span class=\"_ _16c\"> </span><span class=\"ffc8 ls3 ws3\">202<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span>Pence\u2002<span class=\"_ _75\"> </span><span class=\"ffc7 ls22d ws2a0\">\u00a3m<span class=\"_ _67\"> </span><span class=\"ffc8 ls3 ws3\">Pence <span class=\"_ _de\"> </span><span class=\"ffc6 lsde ws108\">\u00a3m<span class=\"_ _351\"> </span></span></span></span>Underlying EPS/Underlying <span class=\"_ _3\"></span>profit <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>continuing oper<span class=\"_ _3\"></span>ations attributable to<span class=\"_ _351\"> </span>or<span class=\"_ _3\"></span>dinary shar<span class=\"_ _3\"></span>eholders<span class=\"_ _276\"> </span><span class=\"ffc7 ls15b ws189\">1.95 <span class=\"_ _26\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>63 <span class=\"_ _1a\"> </span></span></span><span class=\"ls7b wsaa\">0.11 <span class=\"_ _e7\"> </span><span class=\"ls3 ws3\">9<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _3\"></span>otal underlying adjustm<span class=\"_ _3\"></span>ents to (loss)/pr<span class=\"_ _f\"></span>ofit before <span class=\"_ _3\"></span>taxation (note 2)<span class=\"_ _1c\"> </span><span class=\"ffc7 lsb5 ws9a\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>5)<span class=\"_ _87\"> </span></span><span class=\"ffc7\">(1<span class=\"_ _0\"></span>,70<span class=\"_ _0\"></span>8)<span class=\"_ _157\"> </span></span><span class=\"ls80 wsae\">(3.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>6)<span class=\"_ _21\"> </span><span class=\"ffc6\">(33<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span>Related tax <span class=\"_ _3\"></span>effects<span class=\"_ _277\"> </span><span class=\"ffc7 ls3 ws3\">4.<span class=\"_ _0\"></span>26 <span class=\"_ _73\"> </span>3<span class=\"_ _0\"></span>56 <span class=\"_ _aa\"> </span><span class=\"ffc8\">5.<span class=\"_ _0\"></span>33 <span class=\"_ _73\"> </span><span class=\"ls1af ws20e\">444<span class=\"_ _3\"></span> </span></span></span>EPS/(Loss)/pr<span class=\"_ _3\"></span>ofit fr<span class=\"_ _3\"></span>om continuing oper<span class=\"_ _f\"></span>ations attributable to or<span class=\"_ _3\"></span>dinary shar<span class=\"_ _f\"></span>eholders<span class=\"_ _aa\"> </span><span class=\"ffc7 ls74 wsa2\">(14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4)<span class=\"_ _124\"> </span><span class=\"ls95 wsc2\">(<span class=\"_ _3\"></span>1,189)<span class=\"_ _5c\"> </span><span class=\"ffc8 ls3 ws3\">1.<span class=\"_ _0\"></span>48 <span class=\"_ _85\"> </span>123<span class=\"_ _351\"> </span></span></span></span>Diluted underlying <span class=\"_ _3\"></span>EPS fr<span class=\"_ _3\"></span>om continuing oper<span class=\"_ _3\"></span>ations attributable to <span class=\"_ _3\"></span>ordinary<span class=\"_ _351\"> </span>shar<span class=\"_ _3\"></span>eholders<span class=\"_ _278\"> </span><span class=\"ffc7 ls15b ws189\">1.95 <span class=\"_ _279\"> </span></span><span class=\"ls7b wsaa\">0.11<span class=\"_ _351\"> </span></span>7\u2002<span class=\"_ _c\"> </span>Auditor<span class=\"_ _3\"></span>s\u2019\u2002remuner<span class=\"_ _3\"></span>ation<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Fees <span class=\"_ _3\"></span>payable to the <span class=\"_ _3\"></span>Company\u2019s auditor f<span class=\"_ _3\"></span>or the audit <span class=\"_ _3\"></span>of the Company\u2019s <span class=\"_ _3\"></span>annual Financial <span class=\"_ _3\"></span>Statements<span class=\"_ _eb\"> </span><span class=\"ffc7 ls3 ws3\">3.<span class=\"_ _0\"></span>5 <span class=\"_ _85\"> </span><span class=\"ffc8\">3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span></span>Fees <span class=\"_ _3\"></span>payable to the <span class=\"_ _3\"></span>Company\u2019s auditor and <span class=\"_ _3\"></span>its associates <span class=\"_ _3\"></span>for the audit <span class=\"_ _3\"></span>of the Compan<span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>\u2019s subsidi<span class=\"_ _3\"></span>aries pursuant<span class=\"_ _351\"> </span>to legislation <span class=\"_ _27a\"> </span><span class=\"ffc7 ls3 ws3\">8.<span class=\"_ _0\"></span>5 <span class=\"_ _85\"> </span><span class=\"ffc8\">8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>otal\u2002fees\u2002pay<span class=\"_ _3\"></span>able\u2002for\u2002audit\u2002services<span class=\"_ _27b\"> </span><span class=\"ffc7 ls3 ws3\">12<span class=\"_ _0\"></span>.0 <span class=\"_ _1a\"> </span><span class=\"ffc8\">11<span class=\"_ _0\"></span>.6<span class=\"_ _351\"> </span></span></span>Fees <span class=\"_ _3\"></span>payable to the <span class=\"_ _3\"></span>Company\u2019s auditor and <span class=\"_ _3\"></span>its associates <span class=\"_ _3\"></span>for other services:<span class=\"_ _351\"> </span>Audit <span class=\"_ _3\"></span>related <span class=\"_ _3\"></span>assurance services<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>1.<span class=\"_ _0\"></span>3 <span class=\"_ _75\"> </span><span class=\"ffc8 ls5c ws8a\">1<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span> </span>Other assur<span class=\"_ _3\"></span>ance services<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>0.<span class=\"_ _0\"></span>2 <span class=\"_ _85\"> </span><span class=\"ffc8\">0.2<span class=\"_ _351\"> </span></span>T<span class=\"_ _3\"></span>otal fees <span class=\"_ _3\"></span>payable to the <span class=\"_ _3\"></span>Company\u2019s auditor and <span class=\"_ _3\"></span>its associates<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>13.<span class=\"_ _0\"></span>5 <span class=\"_ _73\"> </span><span class=\"ffc8 ls3 ws3\">13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span>Fees payable in r<span class=\"_ _f\"></span>espect of the Group<span class=\"_ _3\"></span>\u2019s pension schemes:<span class=\"_ _351\"> </span>Audit<span class=\"_ _27c\"> </span><span class=\"ffc7 ls6d wscb\">0.1<span class=\"_ _0\"></span> <span class=\"_ _2b\"> </span></span><span class=\"ls7b wsaa\">0.1<span class=\"_ _0\"></span> </span>1<span class=\"_ _351\"> </span>This includes \u00a30.7<span class=\"_ _3\"></span>m (2021: \u00a30.7<span class=\"_ _3\"></span>m) for the r<span class=\"_ _f\"></span>eview of the half-year r<span class=\"_ _f\"></span>eport, \u00a30.6m (2021: \u00a30.8m) in r<span class=\"_ _f\"></span>espect of the audit of <span class=\"_ _3\"></span>grant claims<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>This <span class=\"_ _3\"></span>includes \u00a30.1m <span class=\"_ _3\"></span>in r<span class=\"_ _f\"></span>espect of ag<span class=\"_ _3\"></span>reed <span class=\"_ _3\"></span>upon pr<span class=\"_ _f\"></span>ocedures in <span class=\"_ _f\"></span>respect of <span class=\"_ _f\"></span>levies payable <span class=\"_ _3\"></span>to BEIS <span class=\"_ _f\"></span>(Department of <span class=\"_ _3\"></span>Business, Energy <span class=\"_ _3\"></span>and I<span class=\"_ _3\"></span>ndustrial Str<span class=\"_ _3\"></span>ategy) (2021: <span class=\"_ _f\"></span>\u00a30.1m) and \u00a30.1m <span class=\"_ _f\"></span>in r<span class=\"_ _3\"></span>espect<span class=\"_ _351\"> </span>of sustainability assur<span class=\"_ _3\"></span>ance work (2021: \u00a3nil)<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>Audit fees <span class=\"_ _3\"></span>for overseas <span class=\"_ _3\"></span>entities are <span class=\"_ _3\"></span>reported at <span class=\"_ _3\"></span>the average <span class=\"_ _3\"></span>exchange r<span class=\"_ _3\"></span>ate for the <span class=\"_ _3\"></span>year<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>8\u2002<span class=\"_ _c\"> </span>Emp<span class=\"_ _0\"></span>loyee\u2002information<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>Number<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>Number<span class=\"_ _351\"> </span>United Kingdom<span class=\"_ _27d\"> </span><span class=\"ffc7 ls15b ws189\">19,900<span class=\"_ _f\"></span> <span class=\"_ _cc\"> </span><span class=\"ffc8 ls5c ws8a\">19,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> </span></span>Germany<span class=\"_ _27e\"> </span><span class=\"ffc7 ls5c ws8a\">9,70<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> <span class=\"_ _269\"> </span></span><span class=\"ls3 ws3\">9,<span class=\"_ _0\"></span>50<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span>United States<span class=\"_ _27f\"> </span><span class=\"ffc7 lsc2 wsef\">5,000<span class=\"_ _3\"></span> <span class=\"_ _95\"> </span><span class=\"ffc8 lsd1 wsfc\">5,000<span class=\"_ _f\"></span> </span></span>Spain<span class=\"_ _232\"> </span><span class=\"ffc7 ls3 ws3\">1<span class=\"_ _0\"></span>,8<span class=\"_ _0\"></span>00 <span class=\"_ _156\"> </span></span>2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span>Italy<span class=\"_ _280\"> </span><span class=\"ffc7 ls3 ws3\">90<span class=\"_ _0\"></span>0 <span class=\"_ _71\"> </span></span><span class=\"lsd1 wsfc\">900<span class=\"_ _351\"> </span></span>Singapor<span class=\"_ _3\"></span>e<span class=\"_ _281\"> </span><span class=\"ffc7 ls7b wsaa\">700 <span class=\"_ _71\"> </span></span><span class=\"lsd1 wsfc\">900<span class=\"_ _351\"> </span></span>Canada<span class=\"_ _282\"> </span><span class=\"ffc7 ls7b wsaa\">700 <span class=\"_ _83\"> </span></span><span class=\"ls6e ws9b\">700<span class=\"_ _351\"> </span></span>India<span class=\"_ _283\"> </span><span class=\"ffc7 ls3 ws3\">500 <span class=\"_ _71\"> </span><span class=\"ffc8\">6<span class=\"_ _0\"></span>00<span class=\"_ _351\"> </span></span></span>Fr<span class=\"_ _3\"></span>ance<span class=\"_ _284\"> </span><span class=\"ffc7 ls3 ws3\">10<span class=\"_ _0\"></span>0 <span class=\"_ _71\"> </span><span class=\"ffc8\">60<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span></span>Nor<span class=\"_ _3\"></span>dics<span class=\"_ _285\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _5c\"> </span></span><span class=\"ls6e ws9b\">70<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span>Rest of <span class=\"_ _3\"></span>world<span class=\"_ _286\"> </span><span class=\"ffc7 ls3 ws3\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>500 <span class=\"_ _156\"> </span></span>2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span>Monthly\u2002a<span class=\"_ _f\"></span>verage\u2002number\u2002of\u2002employees<span class=\"_ _287\"> </span><span class=\"ffc7 ls74 wsa2\">41<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>80<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> <span class=\"_ _114\"> </span><span class=\"ffc8 lsd1 wsfc\">4<span class=\"_ _0\"></span>4,000<span class=\"_ _3\"></span> </span></span>Civil Aer<span class=\"_ _f\"></span>ospace<span class=\"_ _0\"></span> <span class=\"_ _288\"> </span><span class=\"ffc7 ls85 wsb3\">1<span class=\"_ _0\"></span>7,<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span> <span class=\"_ _154\"> </span></span><span class=\"lsd1 wsfc\">17<span class=\"_ _f\"></span>,900<span class=\"_ _351\"> </span></span>Defence <span class=\"_ _236\"> </span><span class=\"ffc7 ls3 ws3\">11<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>00 <span class=\"_ _6b\"> </span></span><span class=\"ls7b wsaa\">11,1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span>Power Systems <span class=\"_ _1b4\"> </span><span class=\"ffc7 ls62 ws8f\">9,400<span class=\"_ _0\"></span> <span class=\"_ _5e\"> </span></span><span class=\"ls7b wsaa\">9,10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> </span>New Markets <span class=\"_ _14f\"> </span><span class=\"ffc7 ls3 ws3\">80<span class=\"_ _0\"></span>0 <span class=\"_ _72\"> </span><span class=\"ffc8\">40<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span></span>Other businesses<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _6b\"> </span><span class=\"ffc8 ls169 ws198\">1,400<span class=\"_ _351\"> </span></span>Corporate<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>10<span class=\"_ _0\"></span>0 <span class=\"_ _64\"> </span><span class=\"ffc8\">10<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span>Monthly\u2002a<span class=\"_ _f\"></span>verage\u2002number\u2002of\u2002employees\u2002e<span class=\"_ _3\"></span>xcluding\u2002disc<span class=\"_ _3\"></span>ontinued\u2002operations<span class=\"_ _1ea\"> </span><span class=\"ffc7 lsc2 wsef\">39<span class=\"_ _3\"></span>,000 <span class=\"_ _a5\"> </span><span class=\"ffc8 ls9c wsc9\">4<span class=\"_ _0\"></span>0,00<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span></span>ITP Aer<span class=\"_ _f\"></span>o (classified as discontinued <span class=\"_ _3\"></span>operation)<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>2<span class=\"_ _0\"></span>,8<span class=\"_ _0\"></span>00 <span class=\"_ _95\"> </span><span class=\"ffc8 lsd1 wsfc\">4,000<span class=\"_ _351\"> </span></span>Monthly\u2002a<span class=\"_ _f\"></span>verage\u2002number\u2002of\u2002employees<span class=\"_ _287\"> </span><span class=\"ffc7 ls74 wsa2\">41<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>80<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> <span class=\"_ _114\"> </span><span class=\"ffc8 lsd1 wsfc\">4<span class=\"_ _0\"></span>4,000<span class=\"_ _3\"></span> </span></span>2022<span class=\"_ _51\"> </span><span class=\"ffc6\">2021<span class=\"_ _351\"> </span></span>Continuing\u2002operations<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Discontinued\u2002operations<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Continuing<span class=\"_ _0\"></span> operations<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Discontinued<span class=\"_ _351\"> </span>operations<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Wages, <span class=\"_ _3\"></span>salaries and benefits<span class=\"_ _289\"> </span><span class=\"ffc7 lsaa wsd7\">2,629 <span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">117 <span class=\"_ _124\"> </span><span class=\"ls9f wscd\">2<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _5e\"> </span></span><span class=\"ffc8\">2,<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>2 <span class=\"_ _1a\"> </span>1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4 <span class=\"_ _a0\"> </span><span class=\"ls162 ws40\">2,<span class=\"_ _0\"></span>546<span class=\"_ _351\"> </span></span></span></span></span>Social security costs<span class=\"_ _1de\"> </span><span class=\"ffc7 ls62 ws8f\">378 <span class=\"_ _75\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>7 <span class=\"_ _5c\"> </span>4<span class=\"_ _0\"></span>05 <span class=\"_ _86\"> </span><span class=\"ffc8\">34<span class=\"_ _0\"></span>3 <span class=\"_ _84\"> </span>36 <span class=\"_ _64\"> </span>379<span class=\"_ _351\"> </span></span></span></span>Shar<span class=\"_ _3\"></span>e-based payments (note <span class=\"_ _3\"></span>24)<span class=\"_ _fd\"> </span><span class=\"ffc7 ls83 wsb1\">47 <span class=\"_ _19\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _c8\"> </span></span>47<span class=\"_ _0\"></span> <span class=\"_ _c8\"> </span></span><span class=\"ls3 ws3\">28 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _c8\"> </span>28<span class=\"_ _351\"> </span></span>Pensions and <span class=\"_ _3\"></span>other post-r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme benefits<span class=\"_ _351\"> </span>(note 22)<span class=\"_ _205\"> </span><span class=\"ffc7 ls3 ws3\">268 <span class=\"_ _d2\"> </span>2 <span class=\"_ _73\"> </span><span class=\"ls7b wsaa\">2<span class=\"_ _0\"></span>70 <span class=\"_ _73\"> </span></span><span class=\"ffc8\">250 <span class=\"_ _65\"> </span>3 <span class=\"_ _64\"> </span>25<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span></span>Group\u2002emplo<span class=\"_ _3\"></span>yment\u2002costs\u20024<span class=\"_ _351\"> </span>3,<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>2 <span class=\"_ _1a\"> </span><span class=\"ls62 ws8f\">146 <span class=\"_ _a0\"> </span><span class=\"ls3 ws3\">3,<span class=\"_ _0\"></span>46<span class=\"_ _0\"></span>8 <span class=\"_ _81\"> </span><span class=\"ffc8 ls75 wsa3\">3<span class=\"_ _0\"></span>,013<span class=\"_ _ae\"> </span><span class=\"ffc6 ls157 ws186\">1<span class=\"_ _0\"></span>93<span class=\"_ _81\"> </span></span><span class=\"lsca ws18e\">3,20<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span></span></span>1<span class=\"_ _351\"> </span>Other businesses ar<span class=\"_ _3\"></span>e set out in <span class=\"_ _3\"></span>note 2 on page <span class=\"_ _3\"></span>125<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Corporate consists <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>employees <span class=\"_ _0\"></span>who <span class=\"_ _0\"></span>do <span class=\"_ _2\"></span>not <span class=\"_ _0\"></span>provide a <span class=\"_ _2\"></span>shared service <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>segments. <span class=\"_ _0\"></span>Where corporate <span class=\"_ _0\"></span>functions <span class=\"_ _2\"></span>provide such <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>service, <span class=\"_ _0\"></span>employees <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>been <span class=\"_ _0\"></span>allocated <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>the <span class=\"_ _3d\"></span><span class=\"ls3 ws3\"> </span>segments on an <span class=\"_ _3\"></span>appropriate <span class=\"_ _3\"></span>basis<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>ITP Aer<span class=\"_ _3\"></span>o was disposed <span class=\"_ _3\"></span>of on 15 September <span class=\"_ _3\"></span>2022. The monthly av<span class=\"_ _3\"></span>erage number of <span class=\"_ _3\"></span>employees over the <span class=\"_ _3\"></span>nine months to disposa<span class=\"_ _3\"></span>l was 4,200<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>Remuneration <span class=\"_ _3\"></span>of key management <span class=\"_ _3\"></span>personnel is shown <span class=\"_ _3\"></span>in note 26<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>9\u2002<span class=\"_ _c\"> </span>Intangible\u2002assets<span class=\"_ _351\"> </span>Goodwill<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Certification<span class=\"_ _351\"> </span>costs<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Development<span class=\"_ _351\"> </span>expenditure<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Customer\u2002relationships<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re\u20021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Cost:<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January 2021<span class=\"_ _28a\"> </span><span class=\"ls64 ws91\">1,112 <span class=\"_ _5c\"> </span><span class=\"ls3 ws3\">9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3 <span class=\"_ _a0\"> </span>3,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>64 <span class=\"_ _68\"> </span><span class=\"ls169 ws198\">1,403 <span class=\"_ _5c\"> </span></span>968 <span class=\"_ _73\"> </span>893 <span class=\"_ _92\"> </span><span class=\"lsd1 wsfc\">8,903<span class=\"_ _3\"></span> </span></span></span>Additions<span class=\"_ _243\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _ed\"> </span>1 <span class=\"_ _1a\"> </span>104 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _84\"> </span>83 <span class=\"_ _c8\"> </span>35 <span class=\"_ _64\"> </span><span class=\"ls90 wsbd\">223<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _57\"> </span><span class=\"ffc6 ls80 wsae\">(6)<span class=\"_ _73\"> </span><span class=\"ls6e ws9b\">(1<span class=\"_ _0\"></span>79)<span class=\"_ _21\"> </span><span class=\"ls62 ws8f\">(86<span class=\"_ _0\"></span>8)<span class=\"_ _84\"> </span><span class=\"ls65 ws92\">(1<span class=\"_ _0\"></span>5)<span class=\"_ _62\"> </span></span></span></span></span><span class=\"ffc6\">(59)<span class=\"_ _99\"> </span></span><span class=\"ls7b wsaa\">(1,1<span class=\"_ _0\"></span>27<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Disposals<span class=\"_ _28b\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _7b\"> </span><span class=\"ls3 ws3\">(22)<span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _84\"> </span></span></span>(51<span class=\"_ _0\"></span>)<span class=\"_ _bb\"> </span><span class=\"ls3 ws3\">(2)<span class=\"_ _85\"> </span>(79)<span class=\"_ _351\"> </span></span></span>Reclassifications<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _bb\"> </span><span class=\"ffc6\">(2)<span class=\"_ _e7\"> </span></span>8 <span class=\"_ _e7\"> </span>6<span class=\"_ _351\"> </span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _d6\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _1b5\"> </span><span class=\"ls6b ws98\">(3)<span class=\"_ _1a\"> </span><span class=\"ls80 wsae\">(9<span class=\"_ _0\"></span>6)<span class=\"_ _1a\"> </span>(60)<span class=\"_ _1b5\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>5)<span class=\"_ _7b\"> </span></span></span></span>(42)<span class=\"_ _aa\"> </span><span class=\"ls60 ws8d\">(2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _d7\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>60 <span class=\"_ _73\"> </span>93<span class=\"_ _0\"></span>3 <span class=\"_ _156\"> </span>3,<span class=\"_ _0\"></span>393 <span class=\"_ _6f\"> </span><span class=\"ls63 ws90\">475<span class=\"_ _0\"></span> <span class=\"_ _86\"> </span></span>978 <span class=\"_ _73\"> </span>83<span class=\"_ _0\"></span>3 <span class=\"_ _81\"> </span><span class=\"lsd0 wsfa\">7,<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span> </span></span>Additions<span class=\"_ _243\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _ae\"> </span><span class=\"ls77 wsa5\">131 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _75\"> </span>78 <span class=\"_ _be\"> </span>21 <span class=\"_ _73\"> </span>230<span class=\"_ _351\"> </span></span>Disposals<span class=\"_ _26c\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _26\"> </span><span class=\"ls63 ws90\">(9<span class=\"_ _0\"></span>0)<span class=\"_ _dc\"> </span>(1)<span class=\"_ _ae\"> </span>(91)<span class=\"_ _351\"> </span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _d7\"> </span><span class=\"ffc7 ls6e ws9b\">75<span class=\"_ _0\"></span> <span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">2 <span class=\"_ _ae\"> </span>80 <span class=\"_ _de\"> </span><span class=\"ls62 ws8f\">37 <span class=\"_ _be\"> </span></span>12 <span class=\"_ _c8\"> </span>33 <span class=\"_ _86\"> </span>239<span class=\"_ _351\"> </span></span></span>At\u200231\u2002December\u20022022<span class=\"_ _187\"> </span><span class=\"ffc7 ls6d wscb\">1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span> <span class=\"_ _73\"> </span><span class=\"ls7b wsaa\">935 <span class=\"_ _87\"> </span><span class=\"ls3 ws3\">3,6<span class=\"_ _0\"></span>04 <span class=\"_ _85\"> </span></span></span></span><span class=\"ffc7\">51<span class=\"_ _0\"></span>2 <span class=\"_ _86\"> </span><span class=\"ls75 wsa3\">978 <span class=\"_ _83\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _0\"></span>86 <span class=\"_ _56\"> </span>8<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>50<span class=\"_ _351\"> </span></span></span></span>Accumulated\u2002amortisation\u2002and\u2002impair<span class=\"_ _3\"></span>ment:<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January 2021<span class=\"_ _66\"> </span><span class=\"ls3 ws3\">38 <span class=\"_ _86\"> </span><span class=\"ls6e ws9b\">429 <span class=\"_ _68\"> </span></span>1,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>03 <span class=\"_ _64\"> </span><span class=\"ls63 ws90\">47<span class=\"_ _0\"></span>8 <span class=\"_ _83\"> </span><span class=\"ls6e ws9b\">6<span class=\"_ _0\"></span>07 <span class=\"_ _5c\"> </span></span></span>4<span class=\"_ _0\"></span>03 <span class=\"_ _124\"> </span></span>3<span class=\"_ _0\"></span>,75<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span>Charge for <span class=\"_ _3\"></span>the year<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _be\"> </span>21 <span class=\"_ _75\"> </span>75 <span class=\"_ _84\"> </span>5<span class=\"_ _0\"></span>9 <span class=\"_ _c8\"> </span>97 <span class=\"_ _84\"> </span>2<span class=\"_ _0\"></span>9 <span class=\"_ _85\"> </span>281<span class=\"_ _351\"> </span>Impairment<span class=\"_ _28c\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _ed\"> </span>1 <span class=\"_ _65\"> </span>8 <span class=\"_ _e7\"> </span>9<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _1b5\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _c8\"> </span>(51)<span class=\"_ _73\"> </span><span class=\"ls80 wsae\">(1<span class=\"_ _0\"></span>76)<span class=\"_ _60\"> </span>( 1<span class=\"_ _0\"></span>0)<span class=\"_ _19\"> </span></span></span>\u2013 <span class=\"_ _73\"> </span><span class=\"ffc6 ls6c ws99\">(<span class=\"_ _0\"></span>241)<span class=\"_ _351\"> </span></span>Disposals<span class=\"_ _28b\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _c8\"> </span><span class=\"ls80 wsae\">(21)<span class=\"_ _d2\"> </span></span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _62\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _c4\"> </span><span class=\"ls80 wsae\">(1)<span class=\"_ _7b\"> </span><span class=\"lsce wsf8\">(<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Reclassifications<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _e7\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _e7\"> </span>6 <span class=\"_ _17e\"> </span>1 <span class=\"_ _c4\"> </span>6<span class=\"_ _351\"> </span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _28d\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _62\"> </span><span class=\"ffc6 ls80 wsae\">(66)<span class=\"_ _2b\"> </span><span class=\"ls6e ws9b\">(19)<span class=\"_ _1b5\"> </span><span class=\"ls6b ws98\">(3)<span class=\"_ _85\"> </span></span></span>(20)<span class=\"_ _72\"> </span><span class=\"ls6e ws9b\">(10<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">34 <span class=\"_ _64\"> </span><span class=\"ls6e ws9b\">42<span class=\"_ _0\"></span>5 <span class=\"_ _157\"> </span></span></span>1<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>0 <span class=\"_ _64\"> </span><span class=\"ls6e ws9b\">3<span class=\"_ _0\"></span>42 <span class=\"_ _5c\"> </span><span class=\"ls3 ws3\">650 <span class=\"_ _73\"> </span></span>42<span class=\"_ _0\"></span>0 <span class=\"_ _157\"> </span><span class=\"ls73 wsa1\">3<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>31<span class=\"_ _351\"> </span></span></span>Charge for <span class=\"_ _3\"></span>the year<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _be\"> </span>21 <span class=\"_ _75\"> </span>7<span class=\"_ _0\"></span>7 <span class=\"_ _c8\"> </span>35 <span class=\"_ _84\"> </span>86 <span class=\"_ _c8\"> </span>33 <span class=\"_ _6f\"> </span><span class=\"ls6c ws99\">2<span class=\"_ _0\"></span>52<span class=\"_ _351\"> </span></span>Impairment<span class=\"_ _1f5\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _1b5\"> </span>17 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _57\"> </span><span class=\"ls6e ws9b\">13<span class=\"_ _0\"></span> <span class=\"_ _65\"> </span></span>5 <span class=\"_ _c8\"> </span>35<span class=\"_ _351\"> </span></span>Disposals<span class=\"_ _26c\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _85\"> </span><span class=\"ls6c ws99\">(82)<span class=\"_ _dc\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _85\"> </span><span class=\"ls6d wscb\">(83)<span class=\"_ _351\"> </span></span></span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _1b9\"> </span><span class=\"ffc7 ls3 ws3\">2 <span class=\"_ _ed\"> </span>1 <span class=\"_ _c8\"> </span>58 <span class=\"_ _28f\"> </span>29 <span class=\"_ _65\"> </span>8 <span class=\"_ _58\"> </span>19 <span class=\"_ _2b\"> </span>117<span class=\"_ _351\"> </span></span>At\u200231\u2002December\u20022022<span class=\"_ _df\"> </span><span class=\"ffc7 ls3 ws3\">36 <span class=\"_ _64\"> </span><span class=\"ls83 wsb1\">4<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span> <span class=\"_ _61\"> </span><span class=\"ls15b ws189\">1,912 <span class=\"_ _72\"> </span></span></span>40<span class=\"_ _0\"></span>6 <span class=\"_ _86\"> </span><span class=\"ls6e ws9b\">6<span class=\"_ _0\"></span>75 <span class=\"_ _64\"> </span><span class=\"ls83 wsb1\">476<span class=\"_ _0\"></span> <span class=\"_ _6b\"> </span><span class=\"ls6c ws99\">3,<span class=\"_ _0\"></span>952<span class=\"_ _0\"></span> </span></span></span></span>Net\u2002book\u2002value\u2002at:<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _bd\"> </span><span class=\"ffc7 ls3 ws3\">1<span class=\"_ _0\"></span>,09<span class=\"_ _0\"></span>9 <span class=\"_ _83\"> </span>4<span class=\"_ _0\"></span>88 <span class=\"_ _157\"> </span><span class=\"lsaa wsd7\">1,692 <span class=\"_ _64\"> </span></span>1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6 <span class=\"_ _83\"> </span><span class=\"ls80 wsae\">303 <span class=\"_ _1a\"> </span><span class=\"ls74 wsa2\">410 <span class=\"_ _92\"> </span></span></span>4,<span class=\"_ _0\"></span>098<span class=\"_ _351\"> </span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _131\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,026 <span class=\"_ _83\"> </span>508 <span class=\"_ _81\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>63<span class=\"_ _0\"></span>3 <span class=\"_ _62\"> </span>133 <span class=\"_ _64\"> </span><span class=\"ls6b ws98\">328 <span class=\"_ _85\"> </span><span class=\"ls6c ws99\">413 <span class=\"_ _81\"> </span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>41<span class=\"_ _0\"></span> </span></span></span>1<span class=\"_ _351\"> </span>Includes \u00a393m (2021: <span class=\"_ _3\"></span>\u00a3115m) of softwar<span class=\"_ _3\"></span>e under course <span class=\"_ _3\"></span>of construction which is <span class=\"_ _3\"></span>not amortised<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>ITP Aer<span class=\"_ _3\"></span>o was classified as <span class=\"_ _3\"></span>a disposal gr<span class=\"_ _f\"></span>oup held for sale at <span class=\"_ _3\"></span>30 June 2021<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>Includes r<span class=\"_ _3\"></span>eclassifications within intangible assets <span class=\"_ _3\"></span>or from <span class=\"_ _3\"></span>property<span class=\"_ _f\"></span>, plant and equipment when <span class=\"_ _3\"></span>available for use<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>Charged to cost <span class=\"_ _3\"></span>of sales and commer<span class=\"_ _f\"></span>cial and administrative <span class=\"_ _3\"></span>costs except development <span class=\"_ _3\"></span>costs, which ar<span class=\"_ _3\"></span>e charged to r<span class=\"_ _f\"></span>esearch and development <span class=\"_ _3\"></span>costs<span class=\"_ _351\"> </span>At 31 <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up had expe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ture commi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s for sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re of \u00a337m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a349<span class=\"_ _0\"></span>m).<span class=\"_ _0\"></span> NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>9\u2002<span class=\"_ _c\"> </span>Intangible\u2002assets\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Goodwill<span class=\"_ _351\"> </span>In <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce <span class=\"_ _f\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>requi<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts of <span class=\"_ _f\"></span>IA<span class=\"_ _0\"></span>S <span class=\"_ _3\"></span>36<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>is <span class=\"_ _3\"></span>all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _f\"></span>CG<span class=\"_ _0\"></span>Us<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>grou<span class=\"_ _0\"></span>ps <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>C<span class=\"_ _0\"></span>GU<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to <span class=\"_ _f\"></span>ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span>from the s<span class=\"_ _0\"></span>yne<span class=\"_ _0\"></span>rgies of th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss comb<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n that gave rise to the go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>dwil<span class=\"_ _0\"></span>l as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>Cash-gener<span class=\"_ _3\"></span>ating unit (CGU) or gr<span class=\"_ _3\"></span>oup of CGUs<span class=\"_ _351\"> </span>Primary<span class=\"_ _0\"></span>\u2002operating<span class=\"_ _351\"> </span>segment<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Rolls-Roy<span class=\"_ _3\"></span>ce Power Systems <span class=\"_ _3\"></span>AG<span class=\"_ _42\"> </span><span class=\"ls6b ws98\">Power <span class=\"_ _3\"></span>Systems<span class=\"_ _f5\"> </span><span class=\"ffc7 ls3 ws3\">81<span class=\"_ _0\"></span>8 <span class=\"_ _dc\"> </span></span><span class=\"ls80 wsae\">760<span class=\"_ _351\"> </span></span></span>Rolls-Roy<span class=\"_ _3\"></span>ce Deutschland Ltd <span class=\"_ _3\"></span>&amp; Co K<span class=\"_ _3\"></span>G<span class=\"_ _1da\"> </span><span class=\"ls77 wsa5\">C<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>l Aerosp<span class=\"_ _0\"></span>ace<span class=\"_ _39\"> </span><span class=\"ffc7 ls74 wsa2\">2<span class=\"_ _0\"></span>41 <span class=\"_ _e7\"> </span></span><span class=\"ls3 ws3\">22<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span>Other<span class=\"_ _290\"> </span><span class=\"lsab wsd8\">V<span class=\"_ _3\"></span>arious<span class=\"_ _d9\"> </span><span class=\"ffc7 ls3 ws3\">4<span class=\"_ _0\"></span>0 <span class=\"_ _127\"> </span><span class=\"ffc8\">3<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span></span></span>1,0<span class=\"_ _0\"></span>99 <span class=\"_ _60\"> </span><span class=\"ffc8 ls9c wsc9\">1<span class=\"_ _0\"></span>,026<span class=\"_ _351\"> </span></span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l has been test<span class=\"_ _0\"></span>ed for impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt during 20<span class=\"_ _0\"></span>22 on the foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g basis:<span class=\"_ _0\"></span> \u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>refere<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>hig<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lue <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>use <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> </span>valu<span class=\"_ _0\"></span>e less cos<span class=\"_ _0\"></span>ts of disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al (F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>LCOD)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount <span class=\"_ _2\"></span>has <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>sing <span class=\"_ _2\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>are <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>consi<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>pas<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>urces <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>inf<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket <span class=\"_ _2\"></span>cond<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>nera<span class=\"_ _0\"></span>lly <span class=\"_ _2\"></span>cover <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>five <span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ars<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>red <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>refl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>G<span class=\"_ _b\"></span>U<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>U<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>I<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>fl<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>commi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>relev<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Wh<span class=\"_ _0\"></span>ere <span class=\"_ _3\"></span>gen<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion assumpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>have <span class=\"_ _3\"></span>be<span class=\"_ _0\"></span>en r<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d, these <span class=\"_ _3\"></span>have been estim<span class=\"_ _0\"></span>ated base<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rnal<span class=\"_ _0\"></span>ly<span class=\"_ _351\"> </span>sourc<span class=\"_ _0\"></span>ed data<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>infl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>3% <span class=\"_ _3\"></span>to 4% <span class=\"_ _f\"></span>have <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>een includ<span class=\"_ _0\"></span>ed in <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>on the <span class=\"_ _f\"></span>n<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>nd geogr<span class=\"_ _0\"></span>aphy<span class=\"_ _0\"></span> of the flow<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls8a wsb7\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ke<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>re<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mp<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> are<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> dis<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n pa<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>ic<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> </span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> vo<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s)<span class=\"_ _2\"></span>, th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> exc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> on<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n se<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> and cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d grow<span class=\"_ _0\"></span>th rate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt test<span class=\"_ _0\"></span>s are per<span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>med usi<span class=\"_ _0\"></span>ng preva<span class=\"_ _0\"></span>ilin<span class=\"_ _0\"></span>g exchange rat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ieve <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>grow<span class=\"_ _2\"></span>th <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>unit<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>from <span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Roy<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ayin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>role <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _35\"></span><span class=\"ls3 ws3\"> </span>tra<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to net zero<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>st at th<span class=\"_ _0\"></span>e same ti<span class=\"_ _0\"></span>me clim<span class=\"_ _0\"></span>ate chan<span class=\"_ _0\"></span>ge po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s pote<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span>ly signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t risk<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. The ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons us<span class=\"_ _0\"></span>ed by the Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs<span class=\"_ _351\"> </span>are b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rien<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal <span class=\"_ _0\"></span>sou<span class=\"_ _0\"></span>rces o<span class=\"_ _0\"></span>f in<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>main <span class=\"_ _0\"></span>cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>area<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> and<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>thei<span class=\"_ _3\"></span>r us<span class=\"_ _3\"></span>efu<span class=\"_ _3\"></span>l liv<span class=\"_ _3\"></span>es<span class=\"_ _f\"></span>) and<span class=\"_ _3\"></span> shifti<span class=\"_ _3\"></span>ng i<span class=\"_ _3\"></span>nv<span class=\"_ _3\"></span>estme<span class=\"_ _3\"></span>nt f<span class=\"_ _3\"></span>ocu<span class=\"_ _3\"></span>s to<span class=\"_ _3\"></span>war<span class=\"_ _3\"></span>ds<span class=\"_ _3\"></span> more<span class=\"_ _3\"></span> sus<span class=\"_ _3\"></span>tain<span class=\"_ _3\"></span>able<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>pro<span class=\"_ _3\"></span>ducts<span class=\"_ _3\"></span> and so<span class=\"_ _3\"></span>luti<span class=\"_ _3\"></span>ons.<span class=\"_ _3\"></span> Based<span class=\"_ _3\"></span> on the<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>cli<span class=\"_ _3\"></span>mat<span class=\"_ _3\"></span>e sc<span class=\"_ _3\"></span>enar<span class=\"_ _3\"></span>ios<span class=\"_ _351\"> </span>prep<span class=\"_ _0\"></span>ared<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>o n<span class=\"_ _0\"></span>ot as<span class=\"_ _0\"></span>sume <span class=\"_ _0\"></span>a si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>dem<span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>Civ<span class=\"_ _0\"></span>il A<span class=\"_ _0\"></span>erosp<span class=\"_ _0\"></span>ace <span class=\"_ _0\"></span>(inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g Ro<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royce <span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>schl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d)<span class=\"_ _351\"> </span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ven <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>all <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omme<span class=\"_ _0\"></span>rcial <span class=\"_ _2\"></span>aero<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>pat<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nabl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Si<span class=\"_ _0\"></span>mil<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y, th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span> po<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r reci<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g en<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>s in Pow<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> Syst<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>ll b<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h su<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e fue<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>s by th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d of 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> requ<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> to ensure<span class=\"_ _3\"></span> our new produc<span class=\"_ _0\"></span>ts will be co<span class=\"_ _0\"></span>mpatible with net zero operati<span class=\"_ _0\"></span>on by 2030, an<span class=\"_ _0\"></span>d to achieve<span class=\"_ _3\"></span> net zero scope 1 and 2 G<span class=\"_ _0\"></span>HG emissions<span class=\"_ _351\"> </span>is refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted in the fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>A 1<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>5<span class=\"_ _351\"> </span>o<span class=\"_ _351\"> </span>C <span class=\"_ _3\"></span>sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>io has <span class=\"_ _3\"></span>be<span class=\"_ _0\"></span>en prepare<span class=\"_ _0\"></span>d using <span class=\"_ _3\"></span>key data point<span class=\"_ _0\"></span>s from <span class=\"_ _3\"></span>ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal sources includi<span class=\"_ _0\"></span>ng Oxf<span class=\"_ _0\"></span>ord Economi<span class=\"_ _0\"></span>cs<span class=\"_ _0\"></span>, Glob<span class=\"_ _0\"></span>al Climate Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice and<span class=\"_ _351\"> </span>Dat<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ank an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e Int<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al En<span class=\"_ _0\"></span>ergy <span class=\"_ _0\"></span>Age<span class=\"_ _0\"></span>ncy. Th<span class=\"_ _0\"></span>is sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio <span class=\"_ _0\"></span>has b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en us<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>as t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>asis <span class=\"_ _0\"></span>of a s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _2\"></span>y. It is a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>gove<span class=\"_ _0\"></span>rnme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>ado<span class=\"_ _0\"></span>pt <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ter produc<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>and behav<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>ral stand<span class=\"_ _0\"></span>ards and <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ures <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _3\"></span>resul<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>hig<span class=\"_ _0\"></span>her carb<span class=\"_ _0\"></span>on pricing<span class=\"_ _0\"></span>. Unde<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>se condit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>it is <span class=\"_ _f\"></span>as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>that <span class=\"_ _2\"></span>mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>illin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ay <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>low <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>c <span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>urn <span class=\"_ _2\"></span>from <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gic <span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on<span class=\"_ _351\"> </span>alte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>kelih<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>f de<span class=\"_ _0\"></span>mand <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r our <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>l e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span>the <span class=\"_ _2\"></span>mar<span class=\"_ _0\"></span>ketp<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>alte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>tly <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>sen<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>so <span class=\"_ _2\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _351\"> </span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>of a <span class=\"_ _0\"></span>bro<span class=\"_ _0\"></span>ad r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e of <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ial <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s imp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>by p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icy <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>regul<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns (t<span class=\"_ _0\"></span>hroug<span class=\"_ _0\"></span>h c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g). <span class=\"_ _0\"></span>This <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>not indi<span class=\"_ _0\"></span>cate th<span class=\"_ _0\"></span>e nee<span class=\"_ _0\"></span>d for an impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt charge<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The pr<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>pal assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s for goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d to be indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>lly sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cant are:<span class=\"_ _351\"> </span>Rolls-R<span class=\"_ _3\"></span>oy<span class=\"_ _f\"></span>ce Po<span class=\"_ _3\"></span>wer S<span class=\"_ _3\"></span>ystem<span class=\"_ _3\"></span>s A<span class=\"_ _3\"></span>G<span class=\"_ _351\"> </span>Recoverable<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>amount <span class=\"_ _0\"></span>represents F<span class=\"_ _0\"></span>VLCOD <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>reflect <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>future <span class=\"_ _0\"></span>strategy <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>business. <span class=\"_ _0\"></span>Whilst <span class=\"_ _0\"></span>there <span class=\"_ _0\"></span>are no <span class=\"_ _0\"></span>indicators <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>impairment<span class=\"_ _351\"> </span>un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> me<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in 20<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Di<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> inf<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>F<span class=\"_ _2\"></span>V<span class=\"_ _0\"></span>LC<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> her<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> is a<span class=\"_ _3\"></span> more u<span class=\"_ _3\"></span>seful r<span class=\"_ _3\"></span>epresentation<span class=\"_ _3\"></span> of the r<span class=\"_ _3\"></span>ecove<span class=\"_ _3\"></span>rable amo<span class=\"_ _3\"></span>unt when<span class=\"_ _3\"></span> consideri<span class=\"_ _3\"></span>ng the fut<span class=\"_ _3\"></span>ure strat<span class=\"_ _3\"></span>egy of the<span class=\"_ _3\"></span> busines<span class=\"_ _3\"></span>s, includi<span class=\"_ _3\"></span>ng the im<span class=\"_ _3\"></span>pact<span class=\"_ _351\"> </span>of c<span class=\"_ _0\"></span>limat<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>opp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tuni<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Due <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket <span class=\"_ _0\"></span>input<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>inp<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket <span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce,<span class=\"_ _0\"></span> the fair value is estim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>by discou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g future cash flows (Level 3 <span class=\"_ _3\"></span>as defin<span class=\"_ _0\"></span>ed by <span class=\"_ _3\"></span>IF<span class=\"_ _0\"></span>RS 13 <span class=\"ffca ls60 ws198\">F<span class=\"_ _3\"></span>air V<span class=\"_ _3\"></span>alue Measuremen<span class=\"_ _3\"></span>t<span class=\"ffc8 lsb8 wse6\">) mo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> for<span class=\"_ _0\"></span> mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> </span></span>participants v<span class=\"_ _3\"></span>iews;<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 lsab wsd8\">T<span class=\"_ _f\"></span>rading<span class=\"_ _3\"></span> assum<span class=\"_ _3\"></span>ptions (<span class=\"_ _f\"></span>e.g<span class=\"_ _0\"></span>. vo<span class=\"_ _3\"></span>lume o<span class=\"_ _3\"></span>f equi<span class=\"_ _3\"></span>pment d<span class=\"_ _3\"></span>eliverie<span class=\"_ _3\"></span>s, pricing<span class=\"_ _3\"></span> achi<span class=\"_ _3\"></span>eved a<span class=\"_ _3\"></span>nd cost<span class=\"_ _3\"></span> escalation<span class=\"_ _3\"></span>) tha<span class=\"_ _3\"></span>t are<span class=\"_ _3\"></span> based on<span class=\"_ _3\"></span> curr<span class=\"_ _3\"></span>ent a<span class=\"_ _3\"></span>nd know<span class=\"_ _3\"></span>n<span class=\"_ _351\"> </span></span>fut<span class=\"_ _0\"></span>ure progr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, est<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s of market share and lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m econ<span class=\"_ _0\"></span>omic fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Se<span class=\"_ _0\"></span>vere but pl<span class=\"_ _0\"></span>ausib<span class=\"_ _0\"></span>le down<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e scena<span class=\"_ _0\"></span>rio in rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to macro<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic fac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d with a 20<span class=\"_ _0\"></span>% weigh<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g;<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Ca<span class=\"_ _0\"></span>sh flows b<span class=\"_ _0\"></span>eyon<span class=\"_ _0\"></span>d the five<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are assume<span class=\"_ _0\"></span>d to grow at 1.0<span class=\"_ _0\"></span>% (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: 2<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>%)<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">No<span class=\"_ _0\"></span>minal p<span class=\"_ _0\"></span>ost-ta<span class=\"_ _0\"></span>x dis<span class=\"_ _0\"></span>count rat<span class=\"_ _0\"></span>e 10<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>% (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: 8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>%).<span class=\"_ _351\"> </span></span>The <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>consi<span class=\"_ _0\"></span>der <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ny <span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>bly <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>chang<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>key <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d risk<span class=\"_ _0\"></span>s above) woul<span class=\"_ _0\"></span>d cause th<span class=\"_ _0\"></span>e F<span class=\"_ _0\"></span>VLCO<span class=\"_ _0\"></span>D of the busi<span class=\"_ _0\"></span>ness to fal<span class=\"_ _0\"></span>l bel<span class=\"_ _0\"></span>ow its c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>yin<span class=\"_ _0\"></span>g value of goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>9\u2002<span class=\"_ _c\"> </span>Intangible\u2002assets\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Rolls-R<span class=\"_ _3\"></span>oy<span class=\"_ _f\"></span>ce Deutschland Ltd <span class=\"_ _3\"></span>&amp; Co K<span class=\"_ _f\"></span>G<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Re<span class=\"_ _0\"></span>covera<span class=\"_ _0\"></span>ble amo<span class=\"_ _0\"></span>unt repres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s the val<span class=\"_ _0\"></span>ue in use of the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s in their cur<span class=\"_ _0\"></span>rent cond<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on;<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>(e<span class=\"_ _0\"></span>.g<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>lume <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>urs <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alle<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>assum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>recove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _351\"> </span>aeros<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y, <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on) <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>now<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>prog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>mar<span class=\"_ _0\"></span>ket <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>long-term <span class=\"_ _3\"></span>economic f<span class=\"_ _3\"></span>orecasts;<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Se<span class=\"_ _0\"></span>vere but pl<span class=\"_ _0\"></span>ausib<span class=\"_ _0\"></span>le down<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e scena<span class=\"_ _0\"></span>rio in rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to macro<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic fac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d with a 25% wei<span class=\"_ _0\"></span>ghti<span class=\"_ _0\"></span>ng;<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Ca<span class=\"_ _0\"></span>sh flows b<span class=\"_ _0\"></span>eyon<span class=\"_ _0\"></span>d the five<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are assume<span class=\"_ _0\"></span>d to grow at 2.0<span class=\"_ _0\"></span>% (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: 2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0%)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">No<span class=\"_ _0\"></span>minal pre<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x disco<span class=\"_ _0\"></span>unt rate 13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>% (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: 11.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>%)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>The <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>consi<span class=\"_ _0\"></span>der <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ny <span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>bly <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>chang<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>key <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d risk<span class=\"_ _0\"></span>s above) woul<span class=\"_ _0\"></span>d cause th<span class=\"_ _0\"></span>e value in use of the go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l to fall bel<span class=\"_ _0\"></span>ow it<span class=\"_ _0\"></span>s car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Other CGUs<span class=\"_ _351\"> </span>G<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>l bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es ac<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span> that<span class=\"_ _0\"></span> are not co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to be ind<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span> sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t were<span class=\"_ _0\"></span> als<span class=\"_ _0\"></span>o tes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d for imp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>, resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> in no<span class=\"_ _351\"> </span>impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent charge (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: no impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt charge) bei<span class=\"_ _0\"></span>ng reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt and the residu<span class=\"_ _0\"></span>al life of the mate<span class=\"_ _0\"></span>rial int<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ble ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s (excludin<span class=\"_ _0\"></span>g goo<span class=\"_ _0\"></span>dwil<span class=\"_ _0\"></span>l) for the Gro<span class=\"_ _0\"></span>up is as <span class=\"_ _3\"></span>fol<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>Residual <span class=\"_ _3\"></span>life<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok va<span class=\"_ _0\"></span>lue<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>rent pr<span class=\"_ _f\"></span>ogramme intangible assets<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>3<span class=\"_ _0\"></span>-15 year<span class=\"_ _0\"></span>s <span class=\"_ _bf\"> </span><span class=\"ffc7 ls3 ws3\">1,<span class=\"_ _0\"></span>826 <span class=\"_ _c8\"> </span></span><span class=\"ls5c ws8a\">1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span>Business aviation <span class=\"_ _3\"></span>prog<span class=\"_ _3\"></span>ramme intangible <span class=\"_ _3\"></span>assets<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>12-15 yea<span class=\"_ _0\"></span>rs <span class=\"_ _c7\"> </span><span class=\"ffc7 ls3 ws3\">250 <span class=\"_ _d2\"> </span><span class=\"ffc8\">237<span class=\"_ _351\"> </span></span></span>Intangible assets r<span class=\"_ _f\"></span>elated to Power <span class=\"_ _3\"></span>Systems<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>46<span class=\"_ _0\"></span>6 <span class=\"_ _19\"> </span><span class=\"ffc8\">49<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>542 <span class=\"_ _84\"> </span><span class=\"ffc8 ls74 wsa2\">2,<span class=\"_ _2\"></span>51<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span>1 Residual <span class=\"_ _3\"></span>life r<span class=\"_ _3\"></span>eflects the <span class=\"_ _3\"></span>remaining <span class=\"_ _f\"></span>amortisation period of <span class=\"_ _3\"></span>those assets <span class=\"_ _3\"></span>where <span class=\"_ _f\"></span>amortisation has commenced. <span class=\"_ _f\"></span>As per page <span class=\"_ _3\"></span>120, the <span class=\"_ _3\"></span>amortisation period <span class=\"_ _f\"></span>of 15 years <span class=\"_ _f\"></span>will commence on <span class=\"_ _f\"></span>those<span class=\"_ _0\"></span> assets which ar<span class=\"_ _3\"></span>e not being am<span class=\"_ _3\"></span>ortised as the units <span class=\"_ _3\"></span>are deliver<span class=\"_ _f\"></span>ed<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Included within the <span class=\"_ _3\"></span>T<span class=\"_ _3\"></span>rent pr<span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>grammes <span class=\"_ _3\"></span>are the <span class=\"_ _3\"></span>Tr<span class=\"_ _f\"></span>ent 1000, T<span class=\"_ _3\"></span>rent 7000 <span class=\"_ _3\"></span>and T<span class=\"_ _3\"></span>rent XWB<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>Included within business <span class=\"_ _3\"></span>aviation ar<span class=\"_ _3\"></span>e the Pearl <span class=\"_ _3\"></span>700 and Pearl <span class=\"_ _3\"></span>15<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>Includes \u00a3114m (2021: <span class=\"_ _3\"></span>\u00a3108m) in r<span class=\"_ _3\"></span>espect of a br<span class=\"_ _3\"></span>and intangible asset which <span class=\"_ _3\"></span>is not amortised. <span class=\"_ _3\"></span>Remaining assets ar<span class=\"_ _3\"></span>e amortised over <span class=\"_ _3\"></span>a range of <span class=\"_ _3\"></span>three to <span class=\"_ _3\"></span>20 years<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> CG<span class=\"_ _2\"></span>U<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt of goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll or inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s with in<span class=\"_ _0\"></span>defi<span class=\"_ _0\"></span>nite us<span class=\"_ _0\"></span>eful li<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _2\"></span>inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>(incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s) <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>acco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _2\"></span>IA<span class=\"_ _0\"></span>S <span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>. <span class=\"_ _35\"></span><span class=\"ls3 ws3\"> </span>Assessments <span class=\"_ _0\"></span>have considered <span class=\"_ _0\"></span>potential <span class=\"_ _0\"></span>triggers <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>impairment such <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>external <span class=\"_ _0\"></span>fac<span class=\"_ _0\"></span>tors, <span class=\"_ _0\"></span>including climate change, <span class=\"_ _0\"></span>significant changes<span class=\"_ _351\"> </span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>adv<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ef<span class=\"_ _2\"></span>fe<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ysin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>repa<span class=\"_ _0\"></span>red <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>any<span class=\"_ _351\"> </span>dete<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Whe<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>gge<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>est <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>requ<span class=\"_ _0\"></span>ired <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>tes<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>s <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d on the foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g basis<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing values have <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed by <span class=\"_ _f\"></span>refe<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>in use. <span class=\"_ _3\"></span>Th<span class=\"_ _0\"></span>ese have <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>usin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _3\"></span>flow<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>from the <span class=\"_ _3\"></span>mos<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>rec<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> over the li<span class=\"_ _0\"></span>ves of the respe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve progr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>s; and<span class=\"_ _351\"> </span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>fl<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>j<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> share <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rici<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>limat<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ks <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ered <span class=\"_ _2\"></span>when <span class=\"_ _2\"></span>mak<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h the assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s above.<span class=\"_ _0\"></span> The<span class=\"_ _0\"></span>re have been no (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: none) indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y mater<span class=\"_ _0\"></span>ial imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent charg<span class=\"_ _0\"></span>es or revers<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d durin<span class=\"_ _0\"></span>g the year.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>10\u2002<span class=\"_ _34\"> </span>Propert<span class=\"_ _0\"></span>y<span class=\"_ _f\"></span>,\u2002pl<span class=\"_ _0\"></span>ant\u2002and\u2002equipment<span class=\"_ _351\"> </span>La<span class=\"_ _0\"></span>nd\u2002an<span class=\"_ _0\"></span>d\u2002buildings<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Pla<span class=\"_ _0\"></span>nt\u2002an<span class=\"_ _0\"></span>d\u2002equipme<span class=\"_ _0\"></span>nt<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Airc<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>t\u2002an<span class=\"_ _0\"></span>d\u2002engines<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>In\u2002co<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>e\u2002of\u2002construction<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Cost:<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January 2021<span class=\"_ _176\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4 <span class=\"_ _6b\"> </span><span class=\"ls6e ws9b\">5<span class=\"_ _0\"></span>,4<span class=\"_ _2\"></span>42 <span class=\"_ _81\"> </span></span>1<span class=\"_ _0\"></span>,02<span class=\"_ _0\"></span>5 <span class=\"_ _62\"> </span><span class=\"ls74 wsa2\">4<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span> <span class=\"_ _157\"> </span></span>8,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>12<span class=\"_ _351\"> </span></span>Additions<span class=\"_ _291\"> </span><span class=\"ls3 ws3\">19 <span class=\"_ _1a\"> </span>12<span class=\"_ _0\"></span>0 <span class=\"_ _c4\"> </span>6 <span class=\"_ _62\"> </span>15<span class=\"_ _0\"></span>4 <span class=\"_ _83\"> </span>2<span class=\"_ _0\"></span>99<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(20<span class=\"_ _0\"></span>0)<span class=\"_ _7f\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5)<span class=\"_ _7b\"> </span><span class=\"ls3 ws3\">(22)<span class=\"_ _be\"> </span><span class=\"ls62 ws8f\">(8)<span class=\"_ _aa\"> </span></span></span>(53<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span>Disposals/write-offs<span class=\"_ _271\"> </span><span class=\"ffc6 ls3 ws3\">(59)<span class=\"_ _67\"> </span><span class=\"ls60 ws8d\">(26<span class=\"_ _0\"></span>4)<span class=\"_ _57\"> </span><span class=\"ls80 wsae\">(11)<span class=\"_ _15a\"> </span><span class=\"ls6b ws98\">(23)<span class=\"_ _aa\"> </span><span class=\"ls72 wsa0\">(3<span class=\"_ _0\"></span>57)<span class=\"_ _351\"> </span></span></span></span></span></span>Reclassifications<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>14<span class=\"_ _0\"></span>4 <span class=\"_ _75\"> </span>75 <span class=\"_ _28f\"> </span>53 <span class=\"_ _64\"> </span><span class=\"ffc6 ls80 wsae\">(27<span class=\"_ _0\"></span>1)<span class=\"_ _ed\"> </span></span>1<span class=\"_ _351\"> </span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _292\"> </span><span class=\"ffc6 ls6b ws98\">(33)<span class=\"_ _15a\"> </span><span class=\"ls62 ws8f\">(82)<span class=\"_ _1b5\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>5)<span class=\"_ _1b5\"> </span></span></span>(3)<span class=\"_ _86\"> </span>(12<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _205\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>86<span class=\"_ _0\"></span>5 <span class=\"_ _92\"> </span><span class=\"ls90 wsbd\">4<span class=\"_ _0\"></span>,986 <span class=\"_ _124\"> </span></span>1,0<span class=\"_ _0\"></span>46 <span class=\"_ _72\"> </span>3<span class=\"_ _0\"></span>00 <span class=\"_ _6c\"> </span><span class=\"ls7b wsaa\">8<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>97<span class=\"_ _351\"> </span></span></span>Additions<span class=\"_ _255\"> </span><span class=\"ffc7 ls3 ws3\">34 <span class=\"_ _85\"> </span>127 <span class=\"_ _c8\"> </span>26 <span class=\"_ _62\"> </span>162 <span class=\"_ _73\"> </span>349<span class=\"_ _351\"> </span></span>Disposals/write-offs<span class=\"_ _271\"> </span><span class=\"ffc7 ls6c ws99\">(38)<span class=\"_ _73\"> </span><span class=\"ls63 ws90\">(142)<span class=\"_ _2b\"> </span></span>(81)<span class=\"_ _dc\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _aa\"> </span><span class=\"lsaa wsd7\">(262)<span class=\"_ _351\"> </span></span></span></span>Reclassifications<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>3 <span class=\"_ _c8\"> </span>82 <span class=\"_ _1b5\"> </span><span class=\"ls6d wscb\">(<span class=\"_ _0\"></span>3)<span class=\"_ _85\"> </span><span class=\"ls6c ws99\">(82)<span class=\"_ _d2\"> </span></span></span>\u2013<span class=\"_ _351\"> </span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _189\"> </span><span class=\"ffc7 ls3 ws3\">72 <span class=\"_ _85\"> </span>172 <span class=\"_ _dc\"> </span>11 <span class=\"_ _be\"> </span>21 <span class=\"_ _64\"> </span><span class=\"ls73 wsa1\">2<span class=\"_ _0\"></span>76<span class=\"_ _351\"> </span></span></span>At\u200231\u2002December\u20022022<span class=\"_ _3f\"> </span><span class=\"ffc7 ls15b ws189\">1,93<span class=\"_ _3\"></span>6 <span class=\"_ _6b\"> </span><span class=\"ls3 ws3\">5<span class=\"_ _0\"></span>,2<span class=\"_ _0\"></span>25 <span class=\"_ _5c\"> </span><span class=\"lsa9 wsd6\">999 <span class=\"_ _72\"> </span></span>40<span class=\"_ _0\"></span>0 <span class=\"_ _56\"> </span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>56<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span></span>Accumulated\u2002depr<span class=\"_ _3\"></span>eciation\u2002and\u2002impairment:<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January 2021<span class=\"_ _15d\"> </span><span class=\"ls3 ws3\">679 <span class=\"_ _a0\"> </span>3,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>36 <span class=\"_ _26\"> </span><span class=\"lsce wsf8\">3<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span> <span class=\"_ _65\"> </span></span>8 <span class=\"_ _6b\"> </span>4,<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span>Charge for <span class=\"_ _3\"></span>the year<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>70 <span class=\"_ _85\"> </span><span class=\"ls73 wsa1\">312 <span class=\"_ _75\"> </span><span class=\"ls3 ws3\">57 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _83\"> </span>4<span class=\"_ _0\"></span>39<span class=\"_ _351\"> </span></span></span>Impairment<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">1 <span class=\"_ _58\"> </span>18 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _58\"> </span>1<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _64\"> </span><span class=\"ls6e ws9b\">(127<span class=\"_ _0\"></span>)<span class=\"_ _1b5\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>5)<span class=\"_ _19\"> </span><span class=\"ffc8 ls3 ws3\">\u2013 <span class=\"_ _61\"> </span></span><span class=\"ls80 wsae\">( 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span></span></span>Disposals/write-offs<span class=\"_ _271\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>8)<span class=\"_ _aa\"> </span><span class=\"ls60 ws8d\">(<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>4)<span class=\"_ _e7\"> </span><span class=\"ls80 wsae\">(1)<span class=\"_ _d2\"> </span></span></span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _21\"> </span><span class=\"ffc6 ls9c wsc9\">(303)<span class=\"_ _351\"> </span></span></span>Reclassifications<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>(7)<span class=\"_ _dc\"> </span><span class=\"ffc8 ls3 ws3\">11 <span class=\"_ _60\"> </span></span><span class=\"ls80 wsae\">(1<span class=\"_ _0\"></span>0)<span class=\"_ _d2\"> </span><span class=\"ffc8 ls3 ws3\">\u2013 <span class=\"_ _be\"> </span></span>(6)<span class=\"_ _351\"> </span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _293\"> </span><span class=\"ffc6 lsd4 ws1a5\">(7)<span class=\"_ _85\"> </span><span class=\"ls7b wsaa\">(52)<span class=\"_ _e7\"> </span><span class=\"ls80 wsae\">(1)<span class=\"_ _19\"> </span></span></span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _26\"> </span><span class=\"ffc6 ls80 wsae\">(6<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _294\"> </span><span class=\"ls3 ws3\">614 <span class=\"_ _6b\"> </span><span class=\"ls62 ws8f\">3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>4 <span class=\"_ _85\"> </span><span class=\"ls6c ws99\">414 <span class=\"_ _e7\"> </span></span></span>8 <span class=\"_ _a0\"> </span>4,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>80<span class=\"_ _351\"> </span></span>Charge for <span class=\"_ _3\"></span>the year<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>79 <span class=\"_ _83\"> </span>2<span class=\"_ _0\"></span>96 <span class=\"_ _c8\"> </span>55 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _83\"> </span>430<span class=\"_ _351\"> </span>Impairment<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>5 <span class=\"_ _1b5\"> </span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span>Disposals/write-offs<span class=\"_ _210\"> </span><span class=\"ffc7 ls74 wsa2\">(2<span class=\"_ _0\"></span>4)<span class=\"_ _83\"> </span><span class=\"ls63 ws90\">(14<span class=\"_ _0\"></span>2)<span class=\"_ _85\"> </span><span class=\"ls6c ws99\">(57<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _71\"> </span><span class=\"ls6d wscb\">(22<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span></span></span></span></span>Reclassifications<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>(2)<span class=\"_ _e7\"> </span><span class=\"ls3 ws3\">5 <span class=\"_ _1b5\"> </span><span class=\"ls6d wscb\">(3)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _295\"> </span><span class=\"ffc7 ls3 ws3\">23 <span class=\"_ _6f\"> </span>10<span class=\"_ _0\"></span>9 <span class=\"_ _65\"> </span>4 <span class=\"_ _ed\"> </span>1 <span class=\"_ _85\"> </span><span class=\"ls6e ws9b\">137<span class=\"_ _351\"> </span></span></span>At\u200231\u2002December\u20022022<span class=\"_ _271\"> </span><span class=\"ffc7 ls3 ws3\">69<span class=\"_ _0\"></span>5 <span class=\"_ _a0\"> </span><span class=\"ls6e ws9b\">3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>507 <span class=\"_ _85\"> </span><span class=\"ls74 wsa2\">413 <span class=\"_ _e7\"> </span></span></span>9 <span class=\"_ _156\"> </span><span class=\"lsaa wsd7\">4,624<span class=\"_ _351\"> </span></span></span>Net\u2002book\u2002value\u2002at:<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _293\"> </span><span class=\"ffc7 ls74 wsa2\">1,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>41 <span class=\"_ _21\"> </span><span class=\"ls15b ws189\">1,71<span class=\"_ _3\"></span>8 <span class=\"_ _83\"> </span><span class=\"ls3 ws3\">58<span class=\"_ _0\"></span>6 <span class=\"_ _1a\"> </span>391 <span class=\"_ _a0\"> </span><span class=\"ls7b wsaa\">3<span class=\"_ _0\"></span>,93<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _271\"> </span><span class=\"ls74 wsa2\">1,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span> <span class=\"_ _61\"> </span><span class=\"lsce wsf8\">1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _86\"> </span><span class=\"ls6b ws98\">6<span class=\"_ _0\"></span>32 <span class=\"_ _64\"> </span><span class=\"ls3 ws3\">292 <span class=\"_ _6c\"> </span>3,<span class=\"_ _0\"></span>91<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span></span></span></span>1<span class=\"_ _351\"> </span>ITP <span class=\"_ _0\"></span>Aero <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>certain <span class=\"_ _2\"></span>property<span class=\"_ _f\"></span>, <span class=\"_ _2\"></span>plant <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>equipment <span class=\"_ _2\"></span>related to <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _3\"></span>\u2019s <span class=\"_ _0\"></span>site <span class=\"_ _2\"></span>rationalisation <span class=\"_ _0\"></span>activities <span class=\"_ _0\"></span>were <span class=\"_ _0\"></span>classified <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>disposal <span class=\"_ _0\"></span>group <span class=\"_ _0\"></span>or <span class=\"_ _2\"></span>assets <span class=\"_ _0\"></span>held <span class=\"_ _2\"></span>for <span class=\"_ _0\"></span>sale <span class=\"_ _2\"></span>during <span class=\"_ _0\"></span>the <span class=\"_ _2\"></span>year <span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> 31 December 2021<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Includes r<span class=\"_ _3\"></span>eclassifications of assets under <span class=\"_ _3\"></span>construction to the r<span class=\"_ _f\"></span>elevant classification in pr<span class=\"_ _3\"></span>operty, <span class=\"_ _3\"></span>plant and equipment, right-of-use <span class=\"_ _3\"></span>assets or intangible assets when <span class=\"_ _3\"></span>available for use<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>Depreciation <span class=\"_ _3\"></span>is charged to cost <span class=\"_ _3\"></span>of sales and <span class=\"_ _3\"></span>commercial and <span class=\"_ _3\"></span>administrative costs <span class=\"_ _3\"></span>or included in the <span class=\"_ _3\"></span>cost of inventory <span class=\"_ _3\"></span>as appropri<span class=\"_ _3\"></span>ate<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>The <span class=\"_ _3\"></span>carrying <span class=\"_ _3\"></span>values of <span class=\"_ _f\"></span>property<span class=\"_ _f\"></span>, plant <span class=\"_ _f\"></span>and equipment <span class=\"_ _f\"></span>have been <span class=\"_ _f\"></span>assessed during <span class=\"_ _f\"></span>the year <span class=\"_ _f\"></span>in line <span class=\"_ _f\"></span>with IAS <span class=\"_ _f\"></span>36. Material <span class=\"_ _f\"></span>items of <span class=\"_ _f\"></span>plant and <span class=\"_ _f\"></span>equipment and <span class=\"_ _f\"></span>aircraft <span class=\"_ _f\"></span>and engines <span class=\"_ _f\"></span>are <span class=\"_ _3\"></span>assessed<span class=\"_ _351\"> </span>for <span class=\"_ _0\"></span>impairment <span class=\"_ _0\"></span>together <span class=\"_ _0\"></span>with <span class=\"_ _0\"></span>other <span class=\"_ _2\"></span>assets <span class=\"_ _0\"></span>used <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>individual <span class=\"_ _2\"></span>progr<span class=\"_ _3\"></span>ammes <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>see <span class=\"_ _0\"></span>assumptions <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>note <span class=\"_ _0\"></span>9. <span class=\"_ _0\"></span>Land <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>buildings <span class=\"_ _0\"></span>are generally <span class=\"_ _0\"></span>used <span class=\"_ _0\"></span>across multiple <span class=\"_ _0\"></span>programmes and <span class=\"_ _2\"></span>are <span class=\"_ _3d\"></span><span class=\"ls3 ws3\"> </span>considered <span class=\"_ _3\"></span>based on futur<span class=\"_ _f\"></span>e expectations of <span class=\"_ _3\"></span>the use of <span class=\"_ _3\"></span>the site, which <span class=\"_ _3\"></span>includes any <span class=\"_ _3\"></span>implications fr<span class=\"_ _3\"></span>om climate-r<span class=\"_ _3\"></span>elated risks as <span class=\"_ _3\"></span>explained in <span class=\"_ _3\"></span>note 9. As <span class=\"_ _3\"></span>a r<span class=\"_ _3\"></span>esult of <span class=\"_ _3\"></span>this assessment, ther<span class=\"_ _f\"></span>e are<span class=\"_ _351\"> </span>no <span class=\"_ _3\"></span>individually <span class=\"_ _3\"></span>material <span class=\"_ _3\"></span>impairment <span class=\"_ _3\"></span>charges <span class=\"_ _3\"></span>or r<span class=\"_ _f\"></span>eversals in <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>year<span class=\"_ _f\"></span>. The <span class=\"_ _f\"></span>reversal <span class=\"_ _f\"></span>in the <span class=\"_ _f\"></span>year <span class=\"_ _3\"></span>relates <span class=\"_ _f\"></span>to an <span class=\"_ _f\"></span>element of <span class=\"_ _f\"></span>the non-un<span class=\"_ _3\"></span>derlying impairments <span class=\"_ _f\"></span>recor<span class=\"_ _3\"></span>ded <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>2020 in <span class=\"_ _f\"></span>Civil A<span class=\"_ _3\"></span>erospace<span class=\"_ _351\"> </span>for site r<span class=\"_ _3\"></span>ationalisation wher<span class=\"_ _3\"></span>e ther<span class=\"_ _3\"></span>e has been a <span class=\"_ _3\"></span>subsequent change in str<span class=\"_ _3\"></span>ategy to continue pr<span class=\"_ _f\"></span>oduction on those sites<span class=\"_ _351\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant an<span class=\"_ _0\"></span>d equip<span class=\"_ _0\"></span>ment incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Assets held for use in leases wher<span class=\"_ _3\"></span>e the Group i<span class=\"_ _3\"></span>s the lessor:<span class=\"_ _351\"> </span>Cost<span class=\"_ _284\"> </span><span class=\"ffc7 ls3 ws3\">779 <span class=\"_ _5c\"> </span><span class=\"ffc8\">80<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span>Depr<span class=\"_ _3\"></span>eciation<span class=\"_ _296\"> </span><span class=\"ffc7 ls6d wscb\">(3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>3)<span class=\"_ _1a\"> </span><span class=\"ffc6 ls73 wsa1\">(<span class=\"_ _0\"></span>311)<span class=\"_ _351\"> </span></span></span>Net book value<span class=\"_ _286\"> </span><span class=\"ffc7 ls3 ws3\">4<span class=\"_ _0\"></span>36 <span class=\"_ _64\"> </span><span class=\"ffc8\">497<span class=\"_ _351\"> </span></span></span>Capital expenditur<span class=\"_ _f\"></span>e commitments<span class=\"_ _297\"> </span><span class=\"ffc7 lsaa wsd7\">221 <span class=\"_ _2b\"> </span></span><span class=\"ls3 ws3\">12<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span>Cost of fully <span class=\"_ _3\"></span>depr<span class=\"_ _3\"></span>eciated assets<span class=\"_ _1c5\"> </span><span class=\"ffc7 ls6d wscb\">2,1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _124\"> </span></span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>01<span class=\"_ _351\"> </span></span>The Gro<span class=\"_ _0\"></span>up\u2019s share of equit<span class=\"_ _0\"></span>y acco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s\u2019 capi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l commit<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts is \u00a33<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: \u00a32<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>m).<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>11\u2002<span class=\"_ _c\"> </span>Right<span class=\"_ _3\"></span>-of-use\u2002assets<span class=\"_ _351\"> </span>La<span class=\"_ _0\"></span>nd\u2002an<span class=\"_ _0\"></span>d\u2002buildings<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Pla<span class=\"_ _0\"></span>nt\u2002an<span class=\"_ _0\"></span>d\u2002equipme<span class=\"_ _0\"></span>nt<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Airc<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>t\u2002an<span class=\"_ _0\"></span>d\u2002engines<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Cost:<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January 2021<span class=\"_ _1e9\"> </span><span class=\"ls63 ws90\">4<span class=\"_ _2\"></span>47 <span class=\"_ _26\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>50 <span class=\"_ _157\"> </span>1,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>33 <span class=\"_ _a0\"> </span>2<span class=\"_ _0\"></span>,4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span></span>Additions/modification of <span class=\"_ _3\"></span>leases<span class=\"_ _24a\"> </span><span class=\"ls3 ws3\">37 <span class=\"_ _57\"> </span>1<span class=\"_ _0\"></span>5 <span class=\"_ _2b\"> </span>30 <span class=\"_ _c8\"> </span>82<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(16)<span class=\"_ _bb\"> </span><span class=\"ls3 ws3\">(2)<span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _2b\"> </span></span><span class=\"ls6e ws9b\">(18)<span class=\"_ _351\"> </span></span></span>Disposals<span class=\"_ _298\"> </span><span class=\"ffc6 ls62 ws8f\">(8)<span class=\"_ _ae\"> </span><span class=\"ls80 wsae\">(1<span class=\"_ _0\"></span>6)<span class=\"_ _1a\"> </span>(6<span class=\"_ _0\"></span>6)<span class=\"_ _1a\"> </span>(90)<span class=\"_ _351\"> </span></span></span>Reclassifications to <span class=\"_ _3\"></span>PPE<span class=\"_ _299\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _1b5\"> </span><span class=\"ffc6 ls62 ws8f\">(8)<span class=\"_ _be\"> </span>(8)<span class=\"_ _351\"> </span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _270\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _bb\"> </span>(4)<span class=\"_ _bb\"> </span>(4)<span class=\"_ _c8\"> </span><span class=\"ls64 ws91\">(12)<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _1ee\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>56 <span class=\"_ _62\"> </span>14<span class=\"_ _0\"></span>3 <span class=\"_ _99\"> </span></span>1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5 <span class=\"_ _6b\"> </span><span class=\"ls3 ws3\">2,<span class=\"_ _0\"></span>38<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span>Additions/modification of <span class=\"_ _3\"></span>leases<span class=\"_ _24a\"> </span><span class=\"ffc7 ls6c ws99\">52 <span class=\"_ _28f\"> </span><span class=\"ls3 ws3\">34 <span class=\"_ _28f\"> </span><span class=\"ls6e ws9b\">59 <span class=\"_ _62\"> </span><span class=\"ls62 ws8f\">145<span class=\"_ _351\"> </span></span></span></span></span>Disposals<span class=\"_ _246\"> </span><span class=\"ffc7 ls63 ws90\">(30)<span class=\"_ _ae\"> </span>(19)<span class=\"_ _7b\"> </span><span class=\"ls77 wsa5\">(22)<span class=\"_ _2b\"> </span><span class=\"ls7b wsaa\">(<span class=\"_ _0\"></span>71)<span class=\"_ _351\"> </span></span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _29a\"> </span><span class=\"ffc7 ls3 ws3\">28 <span class=\"_ _65\"> </span>4 <span class=\"_ _65\"> </span>5 <span class=\"_ _75\"> </span><span class=\"ls62 ws8f\">37<span class=\"_ _351\"> </span></span></span>At\u200231\u2002December\u20022022<span class=\"_ _277\"> </span><span class=\"ffc7 ls3 ws3\">50<span class=\"_ _0\"></span>6 <span class=\"_ _62\"> </span>162 <span class=\"_ _99\"> </span>1,<span class=\"_ _0\"></span>827 <span class=\"_ _156\"> </span>2,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>95<span class=\"_ _351\"> </span></span>Accumulated\u2002depr<span class=\"_ _3\"></span>eciation\u2002and\u2002impairment:<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January 2021<span class=\"_ _185\"> </span><span class=\"ls3 ws3\">159 <span class=\"_ _ae\"> </span>60 <span class=\"_ _5c\"> </span>806 <span class=\"_ _157\"> </span>1,0<span class=\"_ _0\"></span>25<span class=\"_ _351\"> </span></span>Charge for <span class=\"_ _3\"></span>the year<span class=\"_ _1ee\"> </span><span class=\"ls3 ws3\">43 <span class=\"_ _2b\"> </span>30 <span class=\"_ _1a\"> </span>199 <span class=\"_ _6f\"> </span><span class=\"lsc2 wsef\">272<span class=\"_ _351\"> </span></span></span>Impairment<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>(2)<span class=\"_ _57\"> </span><span class=\"ls80 wsae\">(6)<span class=\"_ _1b5\"> </span><span class=\"lsd4 ws1a5\">(7)<span class=\"_ _84\"> </span><span class=\"ls65 ws92\">(15)<span class=\"_ _351\"> </span></span></span></span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(4)<span class=\"_ _c4\"> </span><span class=\"ls80 wsae\">( 1)<span class=\"_ _19\"> </span><span class=\"ffc8 ls3 ws3\">\u2013 <span class=\"_ _1b5\"> </span></span><span class=\"ls65 ws92\">(5)<span class=\"_ _351\"> </span></span></span>Disposals<span class=\"_ _298\"> </span><span class=\"ffc6 ls62 ws8f\">(8)<span class=\"_ _ae\"> </span><span class=\"ls80 wsae\">(1<span class=\"_ _0\"></span>6)<span class=\"_ _1a\"> </span>(6<span class=\"_ _0\"></span>6)<span class=\"_ _1a\"> </span>(90)<span class=\"_ _351\"> </span></span></span>Reclassifications to <span class=\"_ _3\"></span>PPE<span class=\"_ _299\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _e7\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _c4\"> </span>(1)<span class=\"_ _351\"> </span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _257\"> </span><span class=\"ffc6 ls3 ws3\">(2)<span class=\"_ _c4\"> </span><span class=\"ls80 wsae\">(1)<span class=\"_ _bb\"> </span></span>(2)<span class=\"_ _1b5\"> </span><span class=\"ls65 ws92\">(5)<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _9f\"> </span><span class=\"ls3 ws3\">18<span class=\"_ _0\"></span>6 <span class=\"_ _2b\"> </span>66 <span class=\"_ _73\"> </span>929 <span class=\"_ _5c\"> </span><span class=\"ls7b wsaa\">1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>81<span class=\"_ _351\"> </span></span></span>Charge for <span class=\"_ _3\"></span>the year<span class=\"_ _1ee\"> </span><span class=\"ffc7 ls3 ws3\">43 <span class=\"_ _75\"> </span><span class=\"ls62 ws8f\">37 <span class=\"_ _6f\"> </span></span>19<span class=\"_ _0\"></span>0 <span class=\"_ _86\"> </span><span class=\"ls7b wsaa\">2<span class=\"_ _0\"></span>70<span class=\"_ _351\"> </span></span></span>Impairment<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>(2)<span class=\"_ _dc\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _84\"> </span><span class=\"ls3 ws3\">20 <span class=\"_ _be\"> </span>17<span class=\"_ _351\"> </span></span></span>Disposals<span class=\"_ _29b\"> </span><span class=\"ffc7 ls6d wscb\">(13)<span class=\"_ _ae\"> </span><span class=\"ls63 ws90\">(19)<span class=\"_ _7b\"> </span><span class=\"ls77 wsa5\">(22)<span class=\"_ _85\"> </span><span class=\"ls74 wsa2\">(54)<span class=\"_ _351\"> </span></span></span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _1a3\"> </span><span class=\"ffc7 ls3 ws3\">1<span class=\"_ _0\"></span>6 <span class=\"_ _ed\"> </span>1 <span class=\"_ _65\"> </span>3 <span class=\"_ _84\"> </span>20<span class=\"_ _351\"> </span></span>At\u200231\u2002December\u20022022<span class=\"_ _d0\"> </span><span class=\"ffc7 ls3 ws3\">230 <span class=\"_ _28f\"> </span>84 <span class=\"_ _61\"> </span><span class=\"ls6d wscb\">1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0 <span class=\"_ _81\"> </span><span class=\"lsd1 wsfc\">1,434<span class=\"_ _3\"></span> </span></span></span>Net\u2002book\u2002value\u2002at:<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _20c\"> </span><span class=\"ffc7 ls73 wsa1\">2<span class=\"_ _0\"></span>76 <span class=\"_ _75\"> </span><span class=\"ls3 ws3\">78 <span class=\"_ _64\"> </span><span class=\"ls7b wsaa\">707 <span class=\"_ _99\"> </span></span>1<span class=\"_ _0\"></span>,061<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _29c\"> </span><span class=\"ls6e ws9b\">270 <span class=\"_ _de\"> </span><span class=\"ls3 ws3\">7<span class=\"_ _0\"></span>7 <span class=\"_ _83\"> </span>856 <span class=\"_ _157\"> </span>1,<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span></span>Right-of-use assets held for use in operating leases wher<span class=\"_ _f\"></span>e the Group is the lessor<span class=\"_ _351\"> </span>Cost<span class=\"_ _221\"> </span><span class=\"ffc7 ls3 ws3\">6 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _6c\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>827 <span class=\"_ _157\"> </span>1,<span class=\"_ _0\"></span>833<span class=\"_ _351\"> </span></span>Depr<span class=\"_ _3\"></span>eciation<span class=\"_ _29d\"> </span><span class=\"ffc7 ls6d wscb\">(3)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _124\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>,120)<span class=\"_ _157\"> </span></span></span>(1<span class=\"_ _0\"></span>,12<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span>Net book value <span class=\"_ _3\"></span>at 31 December <span class=\"_ _3\"></span>2022<span class=\"_ _1b3\"> </span><span class=\"ffc7 ls3 ws3\">3 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _64\"> </span><span class=\"ls7b wsaa\">707 <span class=\"_ _1a\"> </span></span>71<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span>Cost<span class=\"_ _223\"> </span><span class=\"ffc8 ls3 ws3\">2 <span class=\"_ _ed\"> </span>1 <span class=\"_ _99\"> </span></span><span class=\"ffc8\">1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5 <span class=\"_ _99\"> </span>1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span>Depr<span class=\"_ _3\"></span>eciation<span class=\"_ _19a\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _e7\"> </span>(1)<span class=\"_ _67\"> </span>(929)<span class=\"_ _83\"> </span>(931)<span class=\"_ _351\"> </span></span>Net book value <span class=\"_ _3\"></span>at 31 December <span class=\"_ _3\"></span>2021<span class=\"_ _24a\"> </span><span class=\"ls3 ws3\">1 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _83\"> </span>856 <span class=\"_ _64\"> </span>857<span class=\"_ _351\"> </span></span>1 ITP Aer<span class=\"_ _3\"></span>o was classified as <span class=\"_ _3\"></span>a disposal gr<span class=\"_ _f\"></span>oup held for sale at <span class=\"_ _3\"></span>30 June 2021<span class=\"_ _351\"> </span>2 The <span class=\"_ _0\"></span>carrying <span class=\"_ _0\"></span>values <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>right-of-use <span class=\"_ _0\"></span>assets <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>been <span class=\"_ _2\"></span>assessed <span class=\"_ _0\"></span>during <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>year <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>line <span class=\"_ _0\"></span>with <span class=\"_ _0\"></span>IAS <span class=\"_ _2\"></span>36. <span class=\"_ _0\"></span>Material <span class=\"_ _0\"></span>items <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>plant <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>equipment <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>aircr<span class=\"_ _3\"></span>aft <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>engines <span class=\"_ _0\"></span>are assessed <span class=\"_ _2\"></span>for <span class=\"_ _e\"></span><span class=\"ls3 ws3\"> </span>impairment <span class=\"_ _3\"></span>together <span class=\"_ _3\"></span>with <span class=\"_ _3\"></span>other assets <span class=\"_ _f\"></span>used <span class=\"_ _3\"></span>in individual <span class=\"_ _f\"></span>progr<span class=\"_ _3\"></span>ammes <span class=\"_ _3\"></span>\u2013 see <span class=\"_ _f\"></span>assumptions <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>note <span class=\"_ _3\"></span>9. Lan<span class=\"_ _3\"></span>d and <span class=\"_ _f\"></span>buildings <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>generally <span class=\"_ _3\"></span>used <span class=\"_ _3\"></span>across <span class=\"_ _f\"></span>multiple pr<span class=\"_ _f\"></span>ogrammes <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>considered<span class=\"_ _351\"> </span>based on <span class=\"_ _3\"></span>future <span class=\"_ _3\"></span>expectations of <span class=\"_ _3\"></span>the use <span class=\"_ _3\"></span>of the <span class=\"_ _3\"></span>site (which <span class=\"_ _3\"></span>includes any <span class=\"_ _3\"></span>implications fr<span class=\"_ _3\"></span>om climate-r<span class=\"_ _f\"></span>elated risks as <span class=\"_ _3\"></span>explained in <span class=\"_ _3\"></span>note 9). <span class=\"_ _3\"></span>During the <span class=\"_ _3\"></span>year<span class=\"_ _f\"></span>, a <span class=\"_ _3\"></span>reversal <span class=\"_ _3\"></span>was r<span class=\"_ _f\"></span>ecognised relating<span class=\"_ _351\"> </span>to <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>element <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>non-underlying <span class=\"_ _0\"></span>impairments <span class=\"_ _2\"></span>recor<span class=\"_ _f\"></span>ded <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>2020 <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>Civil <span class=\"_ _0\"></span>Aerospace for <span class=\"_ _0\"></span>site <span class=\"_ _2\"></span>rationalisation where <span class=\"_ _0\"></span>there has <span class=\"_ _2\"></span>been <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>subsequent <span class=\"_ _0\"></span>change <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>strategy <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>continue <span class=\"_ _3d\"></span><span class=\"ls3 ws3\"> </span>production on those <span class=\"_ _0\"></span>sites. In <span class=\"_ _0\"></span>addition, <span class=\"_ _0\"></span>a charge <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>\u00a320m was <span class=\"_ _0\"></span>recognised due to <span class=\"_ _0\"></span>the current sanctions <span class=\"_ _0\"></span>applicable <span class=\"_ _0\"></span>over assets <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>Russia. At <span class=\"_ _0\"></span>the balance <span class=\"_ _0\"></span>sheet <span class=\"_ _0\"></span>date the <span class=\"_ _0\"></span>Group could <span class=\"_ _0\"></span>not<span class=\"_ _351\"> </span>access the assets that were on lease and it is not known wh<span class=\"_ _3\"></span>en this situation would be resolved to enable the Gr<span class=\"_ _3\"></span>oup to generate a r<span class=\"_ _3\"></span>ecoverable amount<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>12\u2002<span class=\"_ _c\"> </span>Inv<span class=\"_ _3\"></span>estments<span class=\"_ _351\"> </span>Composition of the Gr<span class=\"_ _3\"></span>oup<span class=\"_ _351\"> </span>The ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>ing to the Grou<span class=\"_ _0\"></span>p\u2019s financi<span class=\"_ _0\"></span>al result<span class=\"_ _0\"></span>s are listed on pag<span class=\"_ _0\"></span>es 17<span class=\"_ _0\"></span>9 to 18<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>W<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _b\"></span>0<span class=\"_ _2\"></span>%<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>d<span class=\"_ _b\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _b\"></span>(<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>)<span class=\"_ _b\"></span> that <span class=\"_ _0\"></span>give <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>or p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to a<span class=\"_ _0\"></span>cquire <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e thi<span class=\"_ _0\"></span>rd pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies\u2019 <span class=\"_ _0\"></span>share<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese <span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s have <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>and<span class=\"_ _0\"></span> are not consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d to have a <span class=\"_ _3\"></span>sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ant val<span class=\"_ _0\"></span>ue, ind<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>dual<span class=\"_ _0\"></span>ly or in aggre<span class=\"_ _0\"></span>gate<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The Gro<span class=\"_ _0\"></span>up does not have any materi<span class=\"_ _0\"></span>al non<span class=\"_ _0\"></span>-wh<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>y owne<span class=\"_ _0\"></span>d subsidi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Equity accoun<span class=\"_ _3\"></span>ted and other in<span class=\"_ _f\"></span>ves<span class=\"_ _3\"></span>tments<span class=\"_ _351\"> </span>Equity\u2002accounted<span class=\"_ _19b\"> </span><span class=\"lsd9 ws104\">Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r\u2002</span>1<span class=\"_ _351\"> </span>Joint\u2002ventures<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Associate<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _bb\"> </span>\u00a3m<span class=\"_ _351\"> </span>At\u20021\u2002January\u20022021<span class=\"_ _ce\"> </span><span class=\"ffc8 ls3 ws3\">39<span class=\"_ _0\"></span>3 <span class=\"_ _ed\"> </span>1 <span class=\"_ _73\"> </span>394 <span class=\"_ _57\"> </span>19<span class=\"_ _351\"> </span></span>Additions <span class=\"_ _298\"> </span><span class=\"ls3 ws3\">2 <span class=\"_ _ed\"> </span>1 <span class=\"_ _e7\"> </span>3 <span class=\"_ _de\"> </span>27<span class=\"_ _351\"> </span></span>Disposals <span class=\"_ _29e\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _c4\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _351\"> </span></span></span>Impairment <span class=\"_ _29f\"> </span><span class=\"ffc6 ls3 ws3\">(2)<span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _bb\"> </span></span>(2)<span class=\"_ _1b5\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span>Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>tained pr<span class=\"_ _f\"></span>ofit/(loss)<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>19 <span class=\"_ _e7\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _58\"> </span></span>1<span class=\"_ _0\"></span>8 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span>Reclassification of <span class=\"_ _3\"></span>deferr<span class=\"_ _3\"></span>ed pr<span class=\"_ _3\"></span>ofit to defer<span class=\"_ _3\"></span>red <span class=\"_ _3\"></span>income<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>(24)<span class=\"_ _19\"> </span><span class=\"ffc8 ls3 ws3\">\u2013 <span class=\"_ _15a\"> </span></span>(24)<span class=\"_ _19\"> </span><span class=\"ffc8 ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>(3<span class=\"_ _0\"></span>5)<span class=\"_ _19\"> </span><span class=\"ffc8 ls3 ws3\">\u2013 <span class=\"_ _85\"> </span></span>(35)<span class=\"_ _19\"> </span><span class=\"ffc8 ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span>Repayment <span class=\"_ _3\"></span>of loans<span class=\"_ _251\"> </span><span class=\"ffc6 ls6b ws98\">(3)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _bb\"> </span><span class=\"ffc6 ls6b ws98\">(3)<span class=\"_ _d2\"> </span></span>\u2013<span class=\"_ _351\"> </span></span>Revaluation of <span class=\"_ _3\"></span>other inv<span class=\"_ _3\"></span>estments accounted for <span class=\"_ _3\"></span>at FVOCI<span class=\"_ _66\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _bb\"> </span><span class=\"ffc6\">(2<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _2a0\"> </span><span class=\"ls3 ws3\">8 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _65\"> </span>8 <span class=\"_ _bb\"> </span><span class=\"ffc6\">(2)<span class=\"_ _351\"> </span></span></span>Shar<span class=\"_ _3\"></span>e of OCI<span class=\"_ _351\"> </span>5<span class=\"_ _351\"> </span>45 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _84\"> </span>4<span class=\"_ _0\"></span>5 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span>At\u20021\u2002January\u20022022<span class=\"_ _2a1\"> </span><span class=\"ffc7 ls80 wsae\">403 <span class=\"_ _ed\"> </span><span class=\"ls3 ws3\">1 <span class=\"_ _83\"> </span>404 <span class=\"_ _84\"> </span>3<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>Additions<span class=\"_ _351\"> </span>6<span class=\"_ _351\"> </span>29 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _28f\"> </span>2<span class=\"_ _0\"></span>9 <span class=\"_ _d2\"> </span>7<span class=\"_ _351\"> </span>Disposals <span class=\"_ _192\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _c4\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _dc\"> </span>(1)<span class=\"_ _bb\"> </span><span class=\"ls77 wsa5\">(2)<span class=\"_ _351\"> </span></span></span></span>Impairment<span class=\"_ _351\"> </span>7<span class=\"_ _351\"> </span>(<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _19\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _15a\"> </span></span>(<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _c4\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _351\"> </span></span>Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>tained loss<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>(2<span class=\"_ _0\"></span>5)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _15a\"> </span></span>(2<span class=\"_ _0\"></span>5)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span>Reclassification of <span class=\"_ _3\"></span>deferr<span class=\"_ _3\"></span>ed pr<span class=\"_ _3\"></span>ofit to defer<span class=\"_ _3\"></span>red <span class=\"_ _3\"></span>income<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>(4)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _1b5\"> </span></span>(4)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span>Repayment <span class=\"_ _3\"></span>of loans<span class=\"_ _251\"> </span><span class=\"ffc7 lsb5 ws9a\">(5)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _1b5\"> </span></span>(5)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span></span>Revaluation of <span class=\"_ _3\"></span>other inv<span class=\"_ _3\"></span>estments accounted for <span class=\"_ _3\"></span>at FVOCI<span class=\"_ _2a2\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _1b5\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _2a3\"> </span><span class=\"ffc7 ls3 ws3\">96 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _2b\"> </span>9<span class=\"_ _0\"></span>6 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span></span>Shar<span class=\"_ _3\"></span>e of OCI<span class=\"_ _2a4\"> </span><span class=\"ffc7 ls3 ws3\">2 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>2 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span></span>At\u200231\u2002December\u20022022<span class=\"_ _2a5\"> </span><span class=\"ffc7 ls3 ws3\">422 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _6f\"> </span>422 <span class=\"_ _84\"> </span>3<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span>1<span class=\"_ _351\"> </span>Other investments in<span class=\"_ _3\"></span>cludes unlisted investments <span class=\"_ _3\"></span>of \u00a326m (2021: \u00a329m) <span class=\"_ _3\"></span>and listed investments <span class=\"_ _3\"></span>of \u00a310m (2021: \u00a37<span class=\"_ _3\"></span>m)<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>See table below<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>The Group\u2019s share of <span class=\"_ _0\"></span>unrealised profit on sales <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>joint <span class=\"_ _0\"></span>ventures is <span class=\"_ _0\"></span>eliminated against <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>carrying <span class=\"_ _0\"></span>value <span class=\"_ _0\"></span>of the <span class=\"_ _0\"></span>investment <span class=\"_ _0\"></span>in the <span class=\"_ _0\"></span>entit<span class=\"_ _0\"></span>y<span class=\"_ _f\"></span>. <span class=\"_ _0\"></span>Any <span class=\"_ _0\"></span>excess amount, <span class=\"_ _0\"></span>once <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>carrying <span class=\"_ _0\"></span>value is<span class=\"_ _0\"></span> reduced <span class=\"_ _3\"></span>to nil, is r<span class=\"_ _f\"></span>ecorded as deferr<span class=\"_ _f\"></span>ed income<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>The Group<span class=\"_ _3\"></span>\u2019s investment in Airtanker Holding<span class=\"_ _3\"></span>s Limited was classified as a non-current asset held for sale at 13 September 2021. F<span class=\"_ _3\"></span>urther detail can be found in note 27<span class=\"_ _351\"> </span>5<span class=\"_ _351\"> </span>Up to 13 September 2021, when Airtanker Holdings Limited was tr<span class=\"_ _3\"></span>ansferred to held for sa<span class=\"_ _3\"></span>le, the Group r<span class=\"_ _3\"></span>ecognised share of OCI r<span class=\"_ _3\"></span>elating to cash flow hedges of \u00a343m<span class=\"_ _351\"> </span>6<span class=\"_ _351\"> </span>During the <span class=\"_ _f\"></span>year<span class=\"_ _f\"></span>, additions to <span class=\"_ _f\"></span>investments of <span class=\"_ _3\"></span>\u00a329m include <span class=\"_ _3\"></span>the following <span class=\"_ _f\"></span>significant transactions: <span class=\"_ _3\"></span>On 20 <span class=\"_ _f\"></span>June 2022, the <span class=\"_ _f\"></span>Group acquir<span class=\"_ _f\"></span>ed a 54% <span class=\"_ _3\"></span>investment <span class=\"_ _3\"></span>in Hoeller <span class=\"_ _3\"></span>Electrolyzer<span class=\"_ _32\"></span>. Although<span class=\"_ _351\"> </span>the Group has acquired a 54% stake, the <span class=\"_ _0\"></span>Group has considered whether the majority <span class=\"_ _0\"></span>stake constitutes a <span class=\"_ _0\"></span>subsidiary as per <span class=\"_ _0\"></span>the basis of <span class=\"_ _0\"></span>consolidation on page <span class=\"_ _0\"></span>113 and <span class=\"_ _0\"></span>114. Based on <span class=\"_ _0\"></span>key <span class=\"_ _3d\"></span><span class=\"ls3\"> </span>decisions <span class=\"_ _0\"></span>requiring <span class=\"_ _0\"></span>consent <span class=\"_ _2\"></span>from both <span class=\"_ _2\"></span>shareholders, the <span class=\"_ _2\"></span>Group <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>concluded <span class=\"_ _2\"></span>that <span class=\"_ _0\"></span>Hoeller <span class=\"_ _2\"></span>Electrolyser <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>jointly <span class=\"_ _2\"></span>controlled <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>equity <span class=\"_ _2\"></span>accounted <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>Consolidated <span class=\"_ _2\"></span>Financial <span class=\"_ _e\"></span><span class=\"ls3\"> </span>Statements. On 1 September 2022, the Group and Air Chin<span class=\"_ _3\"></span>a established a joint venture called Beijing Aer<span class=\"_ _3\"></span>o Engine Services Company Limited<span class=\"_ _351\"> </span>7During <span class=\"_ _0\"></span>the <span class=\"_ _2\"></span>year<span class=\"_ _f\"></span>, <span class=\"_ _0\"></span>one <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>the <span class=\"_ _2\"></span>Group\u2019<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>investments <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>its <span class=\"_ _2\"></span>Civil <span class=\"_ _0\"></span>Aerospace <span class=\"_ _0\"></span>joint <span class=\"_ _0\"></span>venture <span class=\"_ _0\"></span>repair <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>overhaul <span class=\"_ _0\"></span>facilities <span class=\"_ _0\"></span>has <span class=\"_ _2\"></span>been <span class=\"_ _0\"></span>impaired <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>\u00a374m. <span class=\"_ _0\"></span>This <span class=\"_ _0\"></span>reflects <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>Directors\u2019 <span class=\"_ _0\"></span>updated <span class=\"_ _e\"></span><span class=\"ls3\"> </span>judgement of the r<span class=\"_ _3\"></span>ecoverable amount fr<span class=\"_ _f\"></span>om that investment when measur<span class=\"_ _3\"></span>ed on a value in use basi<span class=\"_ _3\"></span>s by discounting expected futur<span class=\"_ _3\"></span>e dividends at 12.4% cost of equity<span class=\"_ _f\"></span>. The charge in the<span class=\"_ _351\"> </span>year r<span class=\"_ _3\"></span>eflects a higher di<span class=\"_ _3\"></span>scount rate and <span class=\"_ _3\"></span>revised ass<span class=\"_ _3\"></span>umptions taking into account th<span class=\"_ _3\"></span>e impact of inflation and <span class=\"_ _3\"></span>interest <span class=\"_ _3\"></span>rates on that <span class=\"_ _3\"></span>business, reflecting <span class=\"_ _3\"></span>current m<span class=\"_ _3\"></span>arket conditions<span class=\"_ _351\"> </span>Rec<span class=\"_ _0\"></span>oncil<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of share of retain<span class=\"_ _0\"></span>ed (lo<span class=\"_ _0\"></span>ss)/profit to the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment an<span class=\"_ _0\"></span>d cash flow st<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>esults of joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _ce\"> </span><span class=\"ffc7 ls3 ws3\">9 <span class=\"_ _75\"> </span><span class=\"ffc8\">2<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span></span>Adjustments for <span class=\"_ _3\"></span>intercompan<span class=\"_ _3\"></span>y trading<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>39 <span class=\"_ _c8\"> </span><span class=\"ffc8\">2<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span>Shar<span class=\"_ _3\"></span>e of results of joint ventur<span class=\"_ _f\"></span>es and associates to the Group<span class=\"_ _21e\"> </span><span class=\"ffc7 ls3\">48 <span class=\"_ _28f\"> </span><span class=\"ffc8\">4<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span>Dividends paid by joint ventur<span class=\"_ _3\"></span>es and associates to the Gr<span class=\"_ _3\"></span>oup (cash flow statement)<span class=\"_ _2a6\"> </span><span class=\"ffc7 ls6d wscb\">(<span class=\"_ _0\"></span>73)<span class=\"_ _7b\"> </span></span><span class=\"ffc6 ls3\">(27<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>tained (loss)/pr<span class=\"_ _f\"></span>ofit attributable to continuing <span class=\"_ _3\"></span>operations (abov<span class=\"_ _3\"></span>e)<span class=\"_ _109\"> </span><span class=\"ffc7 lsb5 ws9a\">(2<span class=\"_ _0\"></span>5)<span class=\"_ _58\"> </span></span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span>1<span class=\"_ _351\"> </span>During the <span class=\"_ _0\"></span>year<span class=\"_ _f\"></span>, <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>Group sold <span class=\"_ _0\"></span>spare engines <span class=\"_ _0\"></span>to Rolls-Royce &amp; <span class=\"_ _0\"></span>Partners <span class=\"_ _0\"></span>Finance, a <span class=\"_ _0\"></span>joint <span class=\"_ _0\"></span>venture and <span class=\"_ _0\"></span>subsidiary of <span class=\"_ _0\"></span>Alpha <span class=\"_ _0\"></span>Partners Leasing <span class=\"_ _0\"></span>Limited. <span class=\"_ _0\"></span>The <span class=\"_ _0\"></span>Group<span class=\"_ _3\"></span>\u2019s share of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>profit on<span class=\"_ _351\"> </span>these <span class=\"_ _3\"></span>sales <span class=\"_ _3\"></span>is def<span class=\"_ _3\"></span>erred <span class=\"_ _f\"></span>and r<span class=\"_ _3\"></span>eleased to <span class=\"_ _f\"></span>match the <span class=\"_ _f\"></span>depreciation <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>the engin<span class=\"_ _3\"></span>es in <span class=\"_ _f\"></span>the joint <span class=\"_ _f\"></span>venture\u2019s <span class=\"_ _f\"></span>financial statements. <span class=\"_ _f\"></span>In 2022 <span class=\"_ _f\"></span>and 2021, <span class=\"_ _f\"></span>profit <span class=\"_ _3\"></span>deferred <span class=\"_ _f\"></span>on the <span class=\"_ _f\"></span>sale of <span class=\"_ _f\"></span>engines was <span class=\"_ _f\"></span>lower<span class=\"_ _351\"> </span>than the r<span class=\"_ _f\"></span>elease of that deferr<span class=\"_ _3\"></span>ed in prior year<span class=\"_ _3\"></span>s<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>12\u2002<span class=\"_ _c\"> </span>Investments\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>The fol<span class=\"_ _0\"></span>lowi<span class=\"_ _0\"></span>ng joint vent<span class=\"_ _0\"></span>ures are consid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d to <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>lly mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l to <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e Group:<span class=\"_ _351\"> </span>Pri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pal\u2002l<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _26\"> </span><span class=\"lsde ws108\">Activity<span class=\"_ _351\"> </span></span>Ownershi<span class=\"_ _0\"></span>p\u2002interest<span class=\"_ _351\"> </span>Alpha P<span class=\"_ _3\"></span>artners Leasing <span class=\"_ _3\"></span>Limited (APL)<span class=\"_ _159\"> </span><span class=\"ffc6\">UK<span class=\"_ _2a7\"> </span></span>Aer<span class=\"_ _3\"></span>o engine leasing<span class=\"_ _2a8\"> </span><span class=\"lsca ws18e\">50.0%<span class=\"_ _351\"> </span></span>Hong Kong <span class=\"_ _3\"></span>Aero <span class=\"_ _3\"></span>Engine Services Limited <span class=\"_ _3\"></span>(HAESL)<span class=\"_ _75\"> </span>Hong Kong<span class=\"_ _c3\"> </span>Aero engin<span class=\"_ _3\"></span>e r<span class=\"_ _3\"></span>epair and overhaul<span class=\"_ _158\"> </span><span class=\"lsca ws18e\">50.0%<span class=\"_ _351\"> </span></span>Singapor<span class=\"_ _3\"></span>e Aer<span class=\"_ _3\"></span>o Engine Services <span class=\"_ _3\"></span>Pte Limited (SAESL)<span class=\"_ _61\"> </span>Singapore<span class=\"_ _c7\"> </span>Aer<span class=\"_ _3\"></span>o engine r<span class=\"_ _f\"></span>epair and overhaul<span class=\"_ _158\"> </span><span class=\"lsca ws18e\">50.0%<span class=\"_ _351\"> </span></span>Summa<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ed fina<span class=\"_ _0\"></span>ncial info<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the Group<span class=\"_ _0\"></span>\u2019s indivi<span class=\"_ _0\"></span>duall<span class=\"_ _0\"></span>y mater<span class=\"_ _0\"></span>ial join<span class=\"_ _0\"></span>t ventures is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>APL<span class=\"_ _21b\"> </span><span class=\"ffc5 ls199 ws1cc\">HAESL<span class=\"_ _2a9\"> </span><span class=\"ls11f ws148\">SAESL<span class=\"_ _351\"> </span></span></span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Revenue<span class=\"_ _179\"> </span><span class=\"ffc7 ls77 wsa5\">31<span class=\"_ _0\"></span>0 <span class=\"_ _6f\"> </span></span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>78 <span class=\"_ _156\"> </span><span class=\"ffc7\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>388 <span class=\"_ _124\"> </span></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>60<span class=\"_ _0\"></span>5 <span class=\"_ _81\"> </span><span class=\"ffc7 ls72 wsa0\">2<span class=\"_ _0\"></span>,012 <span class=\"_ _6c\"> </span></span>1,0<span class=\"_ _0\"></span>57<span class=\"_ _351\"> </span></span>Pr<span class=\"_ _3\"></span>ofit/(loss) and total <span class=\"_ _3\"></span>comprehensive <span class=\"_ _3\"></span>income/(expense)<span class=\"_ _351\"> </span>for the <span class=\"_ _3\"></span>year<span class=\"_ _2aa\"> </span><span class=\"ffc7 ls3 ws3\">55 <span class=\"_ _2b\"> </span><span class=\"ffc6 ls80 wsae\">(16)<span class=\"_ _de\"> </span></span>72 <span class=\"_ _be\"> </span></span><span class=\"ls74 wsa2\">51<span class=\"_ _0\"></span> <span class=\"_ _57\"> </span><span class=\"ffc7 ls77 wsa5\">31 <span class=\"_ _84\"> </span></span><span class=\"ls3 ws3\">20<span class=\"_ _351\"> </span></span></span>Dividends paid <span class=\"_ _3\"></span>during the year<span class=\"_ _2ab\"> </span><span class=\"ffc7 ls77 wsa5\">(22)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _62\"> </span><span class=\"ffc7 ls63 ws90\">(66)<span class=\"_ _62\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span></span></span><span class=\"ffc7\">\u2013 <span class=\"_ _19\"> </span></span>\u2013<span class=\"_ _351\"> </span></span>Pr<span class=\"_ _3\"></span>ofit/(loss) for the <span class=\"_ _3\"></span>year included <span class=\"_ _3\"></span>the following:<span class=\"_ _351\"> </span>Depr<span class=\"_ _3\"></span>eciation and amortisation<span class=\"_ _28e\"> </span><span class=\"ffc7 ls63 ws90\">(1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0)<span class=\"_ _5c\"> </span><span class=\"ffc6 ls65 ws92\">(1<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5)<span class=\"_ _84\"> </span></span><span class=\"ls6d wscb\">(13)<span class=\"_ _84\"> </span><span class=\"ffc6 ls60 ws8d\">(14)<span class=\"_ _84\"> </span></span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>1)<span class=\"_ _62\"> </span><span class=\"ffc6 ls80 wsae\">(20)<span class=\"_ _351\"> </span></span></span></span></span>Inter<span class=\"_ _3\"></span>est income<span class=\"_ _1e7\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _ed\"> </span></span>1 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span>Inter<span class=\"_ _3\"></span>est expense<span class=\"_ _2ac\"> </span><span class=\"ffc7 ls6c ws99\">(89)<span class=\"_ _62\"> </span><span class=\"ffc6 ls65 ws92\">(6<span class=\"_ _0\"></span>5)<span class=\"_ _b6\"> </span></span><span class=\"ls77 wsa5\">(2)<span class=\"_ _c4\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _be\"> </span></span><span class=\"ls6d wscb\">(<span class=\"_ _0\"></span>3)<span class=\"_ _be\"> </span><span class=\"ffc6 ls6b ws98\">(<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span></span></span></span>Income tax <span class=\"_ _3\"></span>expense<span class=\"_ _23d\"> </span><span class=\"ffc7 ls6d wscb\">(13)<span class=\"_ _85\"> </span><span class=\"ffc6 lsd4 ws1a5\">(77)<span class=\"_ _ae\"> </span></span><span class=\"ls74 wsa2\">(<span class=\"_ _0\"></span>14)<span class=\"_ _60\"> </span><span class=\"ffc6 ls80 wsae\">(1<span class=\"_ _0\"></span>0)<span class=\"_ _bb\"> </span></span><span class=\"ls77 wsa5\">(2)<span class=\"_ _d2\"> </span></span></span></span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span>Curr<span class=\"_ _3\"></span>ent assets<span class=\"_ _2ad\"> </span><span class=\"ffc7 ls6e ws9b\">375 <span class=\"_ _85\"> </span></span><span class=\"ls73 wsa1\">314 <span class=\"_ _83\"> </span><span class=\"ffc7 ls3 ws3\">886 <span class=\"_ _86\"> </span><span class=\"ffc8\">5<span class=\"_ _0\"></span>33 <span class=\"_ _83\"> </span></span>8<span class=\"_ _0\"></span>65 <span class=\"_ _73\"> </span></span><span class=\"ls80 wsae\">6<span class=\"_ _0\"></span>76<span class=\"_ _351\"> </span></span></span>Non-curr<span class=\"_ _3\"></span>ent assets<span class=\"_ _82\"> </span><span class=\"ffc7 lsa9 wsd6\">3,199 <span class=\"_ _6b\"> </span></span><span class=\"ls3 ws3\">2,<span class=\"_ _0\"></span>978 <span class=\"_ _84\"> </span><span class=\"ffc7\">98 <span class=\"_ _ae\"> </span></span>9<span class=\"_ _0\"></span>0 <span class=\"_ _1a\"> </span><span class=\"ffc7\">154 <span class=\"_ _84\"> </span></span><span class=\"ls74 wsa2\">151<span class=\"_ _351\"> </span></span></span>Curr<span class=\"_ _3\"></span>ent liabilities<span class=\"_ _2ae\"> </span><span class=\"ffc7 ls68 ws95\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>0)<span class=\"_ _71\"> </span><span class=\"ffc6 ls3 ws3\">(287<span class=\"_ _0\"></span>)<span class=\"_ _5c\"> </span></span><span class=\"ls60 ws8d\">(<span class=\"_ _0\"></span>71<span class=\"_ _0\"></span>6)<span class=\"_ _67\"> </span><span class=\"ffc6 ls6b ws98\">(34<span class=\"_ _0\"></span>3)<span class=\"_ _67\"> </span></span><span class=\"ls63 ws90\">(68<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _67\"> </span></span><span class=\"ffc6\">(55<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span></span>Non-curr<span class=\"_ _3\"></span>ent liabilities<span class=\"_ _2af\"> </span><span class=\"ffc7 ls77 wsa5\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>89)<span class=\"_ _87\"> </span></span><span class=\"ls169 ws198\">(2,40<span class=\"_ _3\"></span>1)<span class=\"_ _62\"> </span><span class=\"ffc7 ls77 wsa5\">(26)<span class=\"_ _15a\"> </span><span class=\"ffc6 ls6b ws98\">(<span class=\"_ _0\"></span>73)<span class=\"_ _1a\"> </span></span><span class=\"ls63 ws90\">(60)<span class=\"_ _62\"> </span><span class=\"ffc6 ls65 ws92\">(6<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span></span></span>Net assets<span class=\"_ _1d0\"> </span><span class=\"ffc7 ls7b wsaa\">705 <span class=\"_ _5c\"> </span></span><span class=\"ls3 ws3\">6<span class=\"_ _0\"></span>04 <span class=\"_ _6f\"> </span><span class=\"ffc7\">242 <span class=\"_ _64\"> </span></span><span class=\"ls6e ws9b\">207 <span class=\"_ _6f\"> </span></span><span class=\"ffc7\">2<span class=\"_ _0\"></span>72 <span class=\"_ _83\"> </span></span>2<span class=\"_ _0\"></span>08<span class=\"_ _351\"> </span></span>Included in <span class=\"_ _3\"></span>the above:<span class=\"_ _351\"> </span>Cash and <span class=\"_ _3\"></span>cash equivalents<span class=\"_ _2b0\"> </span><span class=\"ffc7 ls3 ws3\">239 <span class=\"_ _86\"> </span><span class=\"ffc8\">2<span class=\"_ _0\"></span>39 <span class=\"_ _c4\"> </span></span>6 <span class=\"_ _84\"> </span><span class=\"ffc8\">30 <span class=\"_ _a8\"> </span></span>6<span class=\"_ _0\"></span>1 <span class=\"_ _26\"> </span><span class=\"ffc8\">1<span class=\"_ _0\"></span>05<span class=\"_ _351\"> </span></span></span>Curr<span class=\"_ _3\"></span>ent financial li<span class=\"_ _3\"></span>abilities<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(411<span class=\"_ _0\"></span>)<span class=\"_ _86\"> </span><span class=\"ffc6 ls3 ws3\">(21<span class=\"_ _0\"></span>7)<span class=\"_ _73\"> </span></span><span class=\"lsb5 ws9a\">(13<span class=\"_ _0\"></span>5)<span class=\"_ _d2\"> </span><span class=\"ffc8 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc7\">\u2013 <span class=\"_ _19\"> </span></span>\u2013<span class=\"_ _351\"> </span></span></span>Non-curr<span class=\"_ _3\"></span>ent financial li<span class=\"_ _3\"></span>abilities<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>03)<span class=\"_ _cc\"> </span><span class=\"ffc8 ls62 ws8f\">(<span class=\"_ _0\"></span>2,0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8)<span class=\"_ _84\"> </span></span><span class=\"ls63 ws90\">(17<span class=\"_ _0\"></span>)<span class=\"_ _62\"> </span><span class=\"ffc6 ls80 wsae\">(6<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _1a\"> </span></span>(60)<span class=\"_ _62\"> </span><span class=\"ffc6 ls65 ws92\">(6<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span>Reconciliation to <span class=\"_ _3\"></span>the carrying <span class=\"_ _3\"></span>amount r<span class=\"_ _3\"></span>ecognised in the <span class=\"_ _3\"></span>Consolidated Financial <span class=\"_ _3\"></span>Statements:<span class=\"_ _351\"> </span>Ownership inter<span class=\"_ _f\"></span>est<span class=\"_ _fb\"> </span><span class=\"ffc7 ls157 ws186\">50.0%<span class=\"_ _92\"> </span></span><span class=\"lsca ws18e\">50.0%<span class=\"_ _92\"> </span><span class=\"ffc7 ls157 ws186\">50.0% <span class=\"_ _cc\"> </span></span>50.0%<span class=\"_ _56\"> </span><span class=\"ffc7 ls157 ws186\">50.0%<span class=\"_ _92\"> </span></span>50.0%<span class=\"_ _351\"> </span></span>Gr<span class=\"_ _3\"></span>oup share of net assets above<span class=\"_ _e6\"> </span><span class=\"ffc7 ls3\">3<span class=\"_ _0\"></span>53 <span class=\"_ _73\"> </span><span class=\"ffc8\">302 <span class=\"_ _ae\"> </span></span>12<span class=\"_ _0\"></span>1 <span class=\"_ _26\"> </span><span class=\"ffc8\">1<span class=\"_ _0\"></span>04 <span class=\"_ _1a\"> </span></span><span class=\"ls6e ws9b\">13<span class=\"_ _0\"></span>6 <span class=\"_ _26\"> </span></span><span class=\"ffc8\">1<span class=\"_ _0\"></span>04<span class=\"_ _351\"> </span></span></span>Goodwill<span class=\"_ _42\"> </span><span class=\"ffc7 ls3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _84\"> </span></span>3<span class=\"_ _0\"></span>8 <span class=\"_ _28f\"> </span><span class=\"ffc8\">3<span class=\"_ _0\"></span>4 <span class=\"_ _c5\"> </span></span>11 <span class=\"_ _75\"> </span><span class=\"ffc8\">78<span class=\"_ _351\"> </span></span></span>Adjustments for <span class=\"_ _3\"></span>inter<span class=\"_ _3\"></span>company trading<span class=\"_ _cb\"> </span><span class=\"ffc7 ls6d wscb\">(35<span class=\"_ _0\"></span>3)<span class=\"_ _21\"> </span><span class=\"ffc6 ls64 ws91\">(3<span class=\"_ _0\"></span>02)<span class=\"_ _1b5\"> </span></span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>)<span class=\"_ _c4\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span></span></span>Included in <span class=\"_ _3\"></span>the balance sheet<span class=\"_ _275\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _62\"> </span></span><span class=\"ls6c ws99\">157<span class=\"_ _0\"></span> <span class=\"_ _85\"> </span></span><span class=\"ffc8\">13<span class=\"_ _0\"></span>7 <span class=\"_ _85\"> </span></span><span class=\"ls83 wsb1\">147<span class=\"_ _0\"></span> <span class=\"_ _85\"> </span></span><span class=\"ffc8\">182<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>Excluding tr<span class=\"_ _3\"></span>ade payables and oth<span class=\"_ _3\"></span>er liabilities<span class=\"_ _351\"> </span>The summa<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ed ag<span class=\"_ _0\"></span>grega<span class=\"_ _0\"></span>ted resul<span class=\"_ _0\"></span>ts of the Gro<span class=\"_ _0\"></span>up\u2019s share of equit<span class=\"_ _0\"></span>y acco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d invest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>Individually\u2002material\u2002joint\u2002vent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s\u2002(above)<span class=\"_ _dc\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er\u2002j<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t\u2002ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s\u20021<span class=\"_ _351\"> </span>Associate<span class=\"_ _0\"></span>s<span class=\"_ _47\"> </span><span class=\"ls241 ws2b2\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _351\"> </span></span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Assets:<span class=\"_ _351\"> </span>Non-curr<span class=\"_ _3\"></span>ent assets<span class=\"_ _1a2\"> </span><span class=\"ffc7\">1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6 <span class=\"_ _7d\"> </span></span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,61<span class=\"_ _0\"></span>0 <span class=\"_ _26\"> </span><span class=\"ffc7\">19<span class=\"_ _0\"></span>9 <span class=\"_ _83\"> </span></span>2<span class=\"_ _0\"></span>05 <span class=\"_ _d2\"> </span><span class=\"ffc7\">\u2013 <span class=\"_ _19\"> </span></span>\u2013 <span class=\"_ _81\"> </span><span class=\"ffc7 ls15b ws189\">1,925<span class=\"_ _3\"></span> <span class=\"_ _7f\"> </span><span class=\"ffc8 ls3 ws3\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>815<span class=\"_ _351\"> </span></span></span></span>Curr<span class=\"_ _3\"></span>ent assets<span class=\"_ _d4\"> </span><span class=\"ffc7 ls3 ws3\">1,0<span class=\"_ _0\"></span>63 <span class=\"_ _6f\"> </span></span><span class=\"ls80 wsae\">762 <span class=\"_ _6f\"> </span><span class=\"ffc7 ls60 ws8d\">32<span class=\"_ _0\"></span>7 <span class=\"_ _62\"> </span></span><span class=\"ls73 wsa1\">31<span class=\"_ _0\"></span>6 <span class=\"_ _d2\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _17e\"> </span><span class=\"ffc8\">1 <span class=\"_ _5e\"> </span></span><span class=\"ls15b ws189\">1,390 <span class=\"_ _81\"> </span></span></span><span class=\"ls6e ws9b\">1,<span class=\"_ _0\"></span>079<span class=\"_ _351\"> </span></span></span></span>Liabilities:<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Curr<span class=\"_ _3\"></span>ent liabilities<span class=\"_ _24\"> </span><span class=\"ffc7 ls63 ws90\">(9<span class=\"_ _0\"></span>42)<span class=\"_ _67\"> </span><span class=\"ffc6 ls64 ws91\">(592)<span class=\"_ _aa\"> </span></span><span class=\"lsb5 ws9a\">(2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5)<span class=\"_ _71\"> </span><span class=\"ffc6 ls6b ws98\">(2<span class=\"_ _0\"></span>32)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _68\"> </span></span><span class=\"ls6d wscb\">(1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _aa\"> </span><span class=\"ffc6 ls62 ws8f\">(824)<span class=\"_ _351\"> </span></span></span></span></span></span>Non-curr<span class=\"_ _3\"></span>ent liabilities<span class=\"_ _65\"> </span><span class=\"ffc7 lsa9 wsd6\">(1,237)<span class=\"_ _87\"> </span></span><span class=\"ls6e ws9b\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>270)<span class=\"_ _85\"> </span><span class=\"ffc7 ls6c ws99\">(58)<span class=\"_ _85\"> </span><span class=\"ffc6 ls60 ws8d\">(84)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _92\"> </span></span><span class=\"lsb5 ws9a\">(1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5)<span class=\"_ _a0\"> </span></span></span></span><span class=\"ls162 ws40\">(1,354<span class=\"_ _f\"></span>)<span class=\"_ _351\"> </span></span></span>Gr<span class=\"_ _3\"></span>oup adjustment for<span class=\"_ _351\"> </span>goodwill<span class=\"_ _112\"> </span><span class=\"ffc7 ls3 ws3\">49 <span class=\"_ _28f\"> </span></span><span class=\"ls64 ws91\">112 <span class=\"_ _d2\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _2b\"> </span></span>4<span class=\"_ _0\"></span>9 <span class=\"_ _84\"> </span></span>112<span class=\"_ _351\"> </span></span>Adjustment for<span class=\"_ _351\"> </span>inter<span class=\"_ _3\"></span>company trading<span class=\"_ _155\"> </span><span class=\"ffc7 lsb5 ws9a\">(<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>55)<span class=\"_ _21\"> </span><span class=\"ffc6 ls9c wsc9\">(303)<span class=\"_ _72\"> </span></span>(1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5)<span class=\"_ _62\"> </span><span class=\"ffc6 ls80 wsae\">(12<span class=\"_ _0\"></span>1)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _7f\"> </span></span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0)<span class=\"_ _72\"> </span><span class=\"ffc6 ls74 wsa2\">(424)<span class=\"_ _351\"> </span></span></span></span></span>Included in <span class=\"_ _3\"></span>the balance<span class=\"_ _351\"> </span>sheet<span class=\"_ _1f3\"> </span><span class=\"ffc7 ls3 ws3\">304 <span class=\"_ _62\"> </span></span><span class=\"ls73 wsa1\">31<span class=\"_ _0\"></span>9 <span class=\"_ _60\"> </span><span class=\"ffc7 ls3 ws3\">11<span class=\"_ _0\"></span>8 <span class=\"_ _84\"> </span><span class=\"ffc8\">8<span class=\"_ _0\"></span>4 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _17e\"> </span><span class=\"ffc8\">1 <span class=\"_ _64\"> </span></span>42<span class=\"_ _0\"></span>2 <span class=\"_ _5c\"> </span><span class=\"ffc8\">4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span></span></span>2<span class=\"_ _351\"> </span>Liabilities include <span class=\"_ _3\"></span>borrowings of:<span class=\"_ _19\"> </span><span class=\"ffcc ls63 ws90\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>313)<span class=\"_ _83\"> </span><span class=\"ffca ls3 ws3\">(1<span class=\"_ _0\"></span>,19<span class=\"_ _0\"></span>8)<span class=\"_ _de\"> </span></span><span class=\"ls3a ws7d\">(84)<span class=\"_ _85\"> </span><span class=\"ffca ls159 ws142\">(534)<span class=\"_ _17e\"> </span></span><span class=\"ls3 ws3\">\u2013<span class=\"ffca\"> <span class=\"_ _17e\"> </span>\u2013 <span class=\"_ _aa\"> </span><span class=\"ffc7 ls225 ws276\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>397<span class=\"_ _0\"></span>)<span class=\"_ _5c\"> </span></span><span class=\"ls60 ws8d\">(1<span class=\"_ _0\"></span>,73<span class=\"_ _0\"></span>2)<span class=\"_ _351\"> </span></span></span></span></span></span>1<span class=\"_ _351\"> </span>The aggregate v<span class=\"_ _3\"></span>alue of the Group\u2019<span class=\"_ _3\"></span>s share of pr<span class=\"_ _3\"></span>ofit/(loss) and total comprehensive (e<span class=\"_ _3\"></span>xpense)/income of individually immaterial joint ventures i<span class=\"_ _3\"></span>s \u00a3(68)m (2021: \u00a339m)<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>13\u2002<span class=\"_ _34\"> </span>Inventories<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Raw materials<span class=\"_ _1ae\"> </span><span class=\"ffc7 ls83 wsb1\">479 <span class=\"_ _64\"> </span></span><span class=\"ls80 wsae\">376<span class=\"_ _351\"> </span></span>Work <span class=\"_ _3\"></span>in pr<span class=\"_ _3\"></span>ogr<span class=\"_ _3\"></span>ess<span class=\"_ _2b1\"> </span><span class=\"ffc7 lsaa wsd7\">1,633 <span class=\"_ _67\"> </span></span><span class=\"ls7b wsaa\">1,135<span class=\"_ _0\"></span> </span>Finished goods<span class=\"_ _1cd\"> </span><span class=\"ffc7 ls7b wsaa\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>93 <span class=\"_ _6c\"> </span><span class=\"ffc8\">2<span class=\"_ _0\"></span>,14<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>Payments <span class=\"_ _3\"></span>on account<span class=\"_ _230\"> </span><span class=\"ffc7 ls3 ws3\">3 <span class=\"_ _e7\"> </span><span class=\"ffc8\">9<span class=\"_ _351\"> </span></span></span>4<span class=\"_ _0\"></span>,70<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _92\"> </span><span class=\"ffc8 lsc2 wsef\">3,666<span class=\"_ _351\"> </span></span>Inventories <span class=\"_ _3\"></span>stated at net r<span class=\"_ _f\"></span>ealisable value<span class=\"_ _266\"> </span><span class=\"ffc7 ls3 ws3\">209 <span class=\"_ _85\"> </span></span><span class=\"ls66 ws93\">215<span class=\"_ _351\"> </span></span>Amount of <span class=\"_ _3\"></span>inventory write-down<span class=\"_ _1aa\"> </span><span class=\"ffc7 ls3 ws3\">8<span class=\"_ _0\"></span>5 <span class=\"_ _28f\"> </span><span class=\"ffc8\">92<span class=\"_ _351\"> </span></span></span>Reversal <span class=\"_ _3\"></span>of inventory <span class=\"_ _3\"></span>write-down<span class=\"_ _2b2\"> </span><span class=\"ffc7 ls3 ws3\">27 <span class=\"_ _28f\"> </span><span class=\"ffc8\">2<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>14\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>rade\u2002receivables\u2002a<span class=\"_ _3\"></span>nd\u2002othe<span class=\"_ _0\"></span>r\u2002assets<span class=\"_ _351\"> </span>Current<span class=\"_ _2e\"> </span><span class=\"lsda ws105\">Non-current<span class=\"_ _174\"> </span><span class=\"ls241 ws2b2\">Tot<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span></span></span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>rade r<span class=\"_ _3\"></span>eceivables<span class=\"_ _351\"> </span>1, 2<span class=\"_ _351\"> </span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>376 <span class=\"_ _aa\"> </span><span class=\"ffc8 ls6c ws99\">2<span class=\"_ _0\"></span>,141<span class=\"_ _0\"></span> <span class=\"_ _84\"> </span></span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>3 <span class=\"_ _75\"> </span><span class=\"ffc8 ls7b wsaa\">52 <span class=\"_ _81\"> </span></span><span class=\"ls74 wsa2\">2<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>419<span class=\"_ _0\"></span> <span class=\"_ _6c\"> </span><span class=\"ffc8 ls7b wsaa\">2<span class=\"_ _0\"></span>,19<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span></span></span>Pr<span class=\"_ _3\"></span>epayments<span class=\"_ _2b3\"> </span><span class=\"ffc7 ls3 ws3\">88<span class=\"_ _0\"></span>6 <span class=\"_ _6f\"> </span><span class=\"ffc8\">572 <span class=\"_ _73\"> </span></span><span class=\"ls7b wsaa\">8<span class=\"_ _0\"></span>93 <span class=\"_ _64\"> </span></span><span class=\"ffc8\">378 <span class=\"_ _99\"> </span></span></span><span class=\"ffc7\">1,7<span class=\"_ _2\"></span>79<span class=\"_ _0\"></span> <span class=\"_ _5c\"> </span></span><span class=\"ls3 ws3\">95<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span>Receivables due <span class=\"_ _3\"></span>on RRSAs<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>928 <span class=\"_ _64\"> </span><span class=\"ffc8 ls6e ws9b\">702 <span class=\"_ _86\"> </span></span>2<span class=\"_ _0\"></span>55 <span class=\"_ _c8\"> </span><span class=\"ffc8\">67 <span class=\"_ _7f\"> </span></span><span class=\"ls6d wscb\">1<span class=\"_ _0\"></span>,18<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _73\"> </span><span class=\"ffc8 ls80 wsae\">76<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span>Amounts owed <span class=\"_ _3\"></span>by joint ventur<span class=\"_ _f\"></span>es and associates <span class=\"_ _14\"> </span><span class=\"ffc7 ls60 ws8d\">632 <span class=\"_ _73\"> </span></span><span class=\"ls3 ws3\">598 <span class=\"_ _58\"> </span><span class=\"ffc7\">16 <span class=\"_ _17e\"> </span></span>1 <span class=\"_ _83\"> </span><span class=\"ffc7\">64<span class=\"_ _0\"></span>8 <span class=\"_ _83\"> </span></span>599<span class=\"_ _351\"> </span></span>Other taxation and <span class=\"_ _3\"></span>social security r<span class=\"_ _3\"></span>eceivable<span class=\"_ _172\"> </span><span class=\"ffc7 ls83 wsb1\">147<span class=\"_ _0\"></span> <span class=\"_ _85\"> </span></span><span class=\"ls3 ws3\">197 <span class=\"_ _c4\"> </span><span class=\"ffc7\">9 <span class=\"_ _65\"> </span></span>8 <span class=\"_ _1a\"> </span><span class=\"ffc7\">156 <span class=\"_ _73\"> </span></span>205<span class=\"_ _351\"> </span></span>Costs to obtain <span class=\"_ _3\"></span>contracts <span class=\"_ _3\"></span>with customers<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>12 <span class=\"_ _be\"> </span><span class=\"ffc8\">13 <span class=\"_ _28f\"> </span></span>67 <span class=\"_ _1b5\"> </span><span class=\"ffc8 ls6c ws99\">41 <span class=\"_ _c8\"> </span></span>79 <span class=\"_ _28f\"> </span><span class=\"ffc8\">5<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span>Other r<span class=\"_ _3\"></span>eceivables<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>617 <span class=\"_ _73\"> </span><span class=\"ffc8\">593 <span class=\"_ _28f\"> </span></span>5<span class=\"_ _0\"></span>5 <span class=\"_ _84\"> </span><span class=\"ffc8\">20 <span class=\"_ _64\"> </span></span>672 <span class=\"_ _62\"> </span><span class=\"ffc8\">613<span class=\"_ _351\"> </span></span>5,<span class=\"_ _0\"></span>59<span class=\"_ _0\"></span>8 <span class=\"_ _81\"> </span><span class=\"ffc8 ls3 ws3\">4<span class=\"_ _0\"></span>,8<span class=\"_ _0\"></span>16 <span class=\"_ _81\"> </span></span><span class=\"lsaa wsd7\">1<span class=\"_ _0\"></span>,338 <span class=\"_ _86\"> </span><span class=\"ffc8 ls3 ws3\">5<span class=\"_ _0\"></span>67 <span class=\"_ _87\"> </span></span><span class=\"ls7b wsaa\">6<span class=\"_ _0\"></span>,93<span class=\"_ _0\"></span>6 <span class=\"_ _156\"> </span><span class=\"ffc8 ls3 ws3\">5,<span class=\"_ _2\"></span>383<span class=\"_ _351\"> </span></span></span></span>T<span class=\"_ _f\"></span>rade r<span class=\"_ _3\"></span>eceivables and <span class=\"_ _3\"></span>other assets ar<span class=\"_ _3\"></span>e analysed <span class=\"_ _3\"></span>as follows:<span class=\"_ _351\"> </span>Financial instruments <span class=\"_ _3\"></span>(note 20):<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>rade r<span class=\"_ _3\"></span>eceivables and <span class=\"_ _3\"></span>similar items<span class=\"_ _2b4\"> </span><span class=\"ffc7 ls83 wsb1\">4<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>47 <span class=\"_ _a0\"> </span></span><span class=\"lsc2 wsef\">3,466<span class=\"_ _351\"> </span></span>Other non-derivative <span class=\"_ _3\"></span>financial assets<span class=\"_ _2b5\"> </span><span class=\"ffc7 ls6e ws9b\">775<span class=\"_ _0\"></span> <span class=\"_ _73\"> </span><span class=\"ffc8\">705<span class=\"_ _351\"> </span></span></span>Non-financial instruments<span class=\"_ _2b6\"> </span><span class=\"ffc7 ls62 ws8f\">2<span class=\"_ _0\"></span>,014 <span class=\"_ _67\"> </span></span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>212<span class=\"_ _351\"> </span></span>6,<span class=\"_ _0\"></span>936<span class=\"_ _0\"></span> <span class=\"_ _156\"> </span><span class=\"ffc8 ls3 ws3\">5,<span class=\"_ _0\"></span>38<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span>1<span class=\"_ _351\"> </span>Non-current <span class=\"_ _3\"></span>trade r<span class=\"_ _3\"></span>eceivables r<span class=\"_ _3\"></span>elate to amounts not <span class=\"_ _3\"></span>expected to be <span class=\"_ _3\"></span>received in <span class=\"_ _3\"></span>the next 12 <span class=\"_ _3\"></span>months from <span class=\"_ _3\"></span>customers on payment <span class=\"_ _3\"></span>plans<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Includes r<span class=\"_ _3\"></span>eceivables due fr<span class=\"_ _3\"></span>om ITP Aer<span class=\"_ _f\"></span>o that were <span class=\"_ _3\"></span>previously eliminated <span class=\"_ _3\"></span>on consolidation<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>These ar<span class=\"_ _3\"></span>e amortised over <span class=\"_ _3\"></span>the term of the <span class=\"_ _3\"></span>related contr<span class=\"_ _3\"></span>act in line <span class=\"_ _3\"></span>with engine deliveries, r<span class=\"_ _f\"></span>esulting in amortisation of \u00a311m <span class=\"_ _3\"></span>(2021: \u00a39m) in the <span class=\"_ _3\"></span>year<span class=\"_ _f\"></span>. There <span class=\"_ _3\"></span>were no <span class=\"_ _3\"></span>impairment losses<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>Other receiv<span class=\"_ _3\"></span>ables includes unbilled r<span class=\"_ _3\"></span>ecoveries r<span class=\"_ _3\"></span>elating to completed ov<span class=\"_ _3\"></span>erhaul activity where <span class=\"_ _3\"></span>the right to consider<span class=\"_ _3\"></span>ation is unconditional<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>dop<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>impl<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>ach <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>provi<span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>ECL<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>llo<span class=\"_ _0\"></span>wanc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rob<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>ighte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span> inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>ted by <span class=\"_ _3\"></span>usin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>cre<span class=\"_ _0\"></span>dit ratin<span class=\"_ _0\"></span>gs which <span class=\"_ _3\"></span>are publicl<span class=\"_ _0\"></span>y availab<span class=\"_ _0\"></span>le, or <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>rough intern<span class=\"_ _0\"></span>al risk <span class=\"_ _3\"></span>as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>smen<span class=\"_ _0\"></span>ts deri<span class=\"_ _0\"></span>ved using the custom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>\u2019s latest<span class=\"_ _0\"></span> avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e financi<span class=\"_ _0\"></span>al info<span class=\"_ _0\"></span>rmat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n.<span class=\"_ _0\"></span> Th<span class=\"_ _3\"></span>e E<span class=\"_ _f\"></span>CLs fo<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span> trad<span class=\"_ _3\"></span>e r<span class=\"_ _f\"></span>ecei<span class=\"_ _3\"></span>va<span class=\"_ _3\"></span>bl<span class=\"_ _3\"></span>es<span class=\"_ _3\"></span> and<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>oth<span class=\"_ _3\"></span>er<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>ets<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>ha<span class=\"_ _3\"></span>s in<span class=\"_ _3\"></span>cr<span class=\"_ _f\"></span>eas<span class=\"_ _3\"></span>ed<span class=\"_ _3\"></span> by<span class=\"_ _3\"></span> \u00a387<span class=\"_ _3\"></span>m to<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>\u00a3346m<span class=\"_ _3\"></span> (2021<span class=\"_ _3\"></span>: \u00a37<span class=\"_ _3\"></span>m t<span class=\"_ _3\"></span>o \u00a3259m<span class=\"_ _f\"></span>).<span class=\"_ _3\"></span> Thi<span class=\"_ _f\"></span>s mo<span class=\"_ _3\"></span>ve<span class=\"_ _3\"></span>men<span class=\"_ _f\"></span>t is<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>ly<span class=\"_ _3\"></span> dri<span class=\"_ _3\"></span>ve<span class=\"_ _3\"></span>n<span class=\"_ _351\"> </span>by the Ci<span class=\"_ _0\"></span>vil Ae<span class=\"_ _0\"></span>rosp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s of \u00a39<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, of which \u00a38<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m rela<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span> to spec<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>c cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>rs an<span class=\"_ _0\"></span>d \u00a37m rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s to upda<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span> to the recove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of<span class=\"_ _0\"></span> other receivables.<span class=\"_ _351\"> </span>The as<span class=\"_ _0\"></span>sumpt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns and input<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d for the es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e ECLs are disclo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in the tab<span class=\"_ _0\"></span>le bel<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>2022<span class=\"_ _1f8\"> </span><span class=\"ffc8 lsd9 ws104\">202<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span>1<span class=\"_ _351\"> </span>Tr<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>\u2002receivables\u2002and\u2002o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>\u2002financial<span class=\"_ _351\"> </span>assets<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Loss\u2002allowance<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Av<span class=\"_ _3\"></span>erage\u2002ECL\u2002ra<span class=\"_ _0\"></span>te<span class=\"_ _351\"> </span>%<span class=\"_ _351\"> </span>Tr<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> receivables<span class=\"_ _351\"> </span>and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _351\"> </span>financial<span class=\"_ _351\"> </span>assets<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Loss<span class=\"_ _351\"> </span>allowance<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Aver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>ECL rat<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>%<span class=\"_ _351\"> </span>Investment <span class=\"_ _3\"></span>grade<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>1,6<span class=\"_ _0\"></span>37 <span class=\"_ _73\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _1a\"> </span><span class=\"ls3 ws3\">11%<span class=\"_ _61\"> </span><span class=\"ffc8\">1,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>6 <span class=\"_ _62\"> </span><span class=\"ffc6 ls80 wsae\">(68)<span class=\"_ _15a\"> </span></span><span class=\"ls65 ws92\">5%<span class=\"_ _351\"> </span></span></span></span></span>Non-investment <span class=\"_ _3\"></span>grade<span class=\"_ _77\"> </span><span class=\"ffc7 ls3 ws3\">124 <span class=\"_ _ae\"> </span><span class=\"ls63 ws90\">(16)<span class=\"_ _73\"> </span><span class=\"ls74 wsa2\">13%<span class=\"_ _be\"> </span></span></span><span class=\"ffc8\">4<span class=\"_ _0\"></span>8 <span class=\"_ _bb\"> </span><span class=\"ffc6\">(2)<span class=\"_ _7b\"> </span></span><span class=\"ls74 wsa2\">4%<span class=\"_ _351\"> </span></span></span></span>Without cr<span class=\"_ _f\"></span>edit rating<span class=\"_ _fe\"> </span><span class=\"ffc7 ls6e ws9b\">3,<span class=\"_ _0\"></span>507 <span class=\"_ _83\"> </span><span class=\"ls6d wscb\">(1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>3)<span class=\"_ _85\"> </span><span class=\"ls87 wsb5\">4%<span class=\"_ _81\"> </span></span></span></span><span class=\"ls90 wsbd\">3,086 <span class=\"_ _5c\"> </span><span class=\"ffc6 ls6e ws9b\">(189)<span class=\"_ _85\"> </span></span><span class=\"ls66 ws93\">6%<span class=\"_ _351\"> </span></span></span>5,<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>8 <span class=\"_ _21\"> </span><span class=\"ls60 ws8d\">(3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _85\"> </span><span class=\"lsc2 wsef\">7%<span class=\"_ _81\"> </span></span></span><span class=\"ffc8\">4<span class=\"_ _0\"></span>,4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0 <span class=\"_ _67\"> </span><span class=\"ffc6\">(25<span class=\"_ _0\"></span>9)<span class=\"_ _62\"> </span></span><span class=\"ls66 ws93\">6%<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>During <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>year<span class=\"_ _f\"></span>, <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>presentation <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>ECLs <span class=\"_ _3\"></span>has <span class=\"_ _f\"></span>been analysed <span class=\"_ _f\"></span>in <span class=\"_ _3\"></span>greater <span class=\"_ _f\"></span>detail. This <span class=\"_ _f\"></span>has <span class=\"_ _3\"></span>resulted <span class=\"_ _f\"></span>in <span class=\"_ _3\"></span>comparative <span class=\"_ _f\"></span>balances <span class=\"_ _3\"></span>being <span class=\"_ _3\"></span>repr<span class=\"_ _3\"></span>esented <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>more <span class=\"_ _f\"></span>appropriate <span class=\"_ _f\"></span>line ite<span class=\"_ _3\"></span>ms. <span class=\"_ _3\"></span>Tr<span class=\"_ _3\"></span>ade <span class=\"_ _3\"></span>receivables<span class=\"_ _351\"> </span>and other financial assets that ar<span class=\"_ _3\"></span>e classified as investment gr<span class=\"_ _3\"></span>ade has increased by \u00a3204m, with a decr<span class=\"_ _f\"></span>ease of \u00a399m and \u00a3105m to those classified as non-investment grade an<span class=\"_ _3\"></span>d without<span class=\"_ _351\"> </span>credit r<span class=\"_ _3\"></span>ating respectiv<span class=\"_ _3\"></span>ely<span class=\"_ _3\"></span>. The loss allowance against assets classified as <span class=\"_ _3\"></span>investment grade has <span class=\"_ _3\"></span>increased by \u00a341m with <span class=\"_ _3\"></span>the respective decr<span class=\"_ _f\"></span>ease in the loss allowance for those without a<span class=\"_ _351\"> </span>credit <span class=\"_ _3\"></span>rating. The tota<span class=\"_ _3\"></span>l amount of tr<span class=\"_ _3\"></span>ade receivables <span class=\"_ _3\"></span>and other financial <span class=\"_ _3\"></span>assets and loss allowance <span class=\"_ _3\"></span>as at 31 December <span class=\"_ _3\"></span>2021 has r<span class=\"_ _3\"></span>emained unchanged<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Counterparties with a <span class=\"_ _3\"></span>credit r<span class=\"_ _3\"></span>ating of \u2018C\u2019 or <span class=\"_ _3\"></span>above ar<span class=\"_ _3\"></span>e classified as inv<span class=\"_ _3\"></span>estment grade<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>14\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>rade\u2002receivables\u2002a<span class=\"_ _3\"></span>nd\u2002othe<span class=\"_ _0\"></span>r\u2002assets\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>The movem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of the Group ECL<span class=\"_ _0\"></span>s provisi<span class=\"_ _0\"></span>on are as follows<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January<span class=\"_ _2b7\"> </span><span class=\"ffc7 ls77 wsa5\">(25<span class=\"_ _0\"></span>9)<span class=\"_ _71\"> </span><span class=\"ffc6 ls7b wsaa\">(252<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Incr<span class=\"_ _3\"></span>eases in loss <span class=\"_ _3\"></span>allowance r<span class=\"_ _f\"></span>ecognised in the income <span class=\"_ _3\"></span>statement during th<span class=\"_ _3\"></span>e year<span class=\"_ _125\"> </span><span class=\"ffc7 ls63 ws90\">(11<span class=\"_ _0\"></span>8)<span class=\"_ _86\"> </span><span class=\"ffc6 ls60 ws8d\">(124)<span class=\"_ _351\"> </span></span></span>Loss allowance <span class=\"_ _3\"></span>utilised<span class=\"_ _233\"> </span><span class=\"ffc7 ls3 ws3\">2<span class=\"_ _0\"></span>2 <span class=\"_ _84\"> </span><span class=\"ffc8\">46<span class=\"_ _351\"> </span></span></span>Releases of <span class=\"_ _3\"></span>loss allowance <span class=\"_ _3\"></span>previously <span class=\"_ _3\"></span>provided<span class=\"_ _18a\"> </span><span class=\"ffc7 ls3 ws3\">4<span class=\"_ _0\"></span>5 <span class=\"_ _84\"> </span><span class=\"ffc8\">4<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _2b8\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">2<span class=\"_ _351\"> </span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _1c4\"> </span><span class=\"ffc7 ls60 ws8d\">(36)<span class=\"_ _c8\"> </span></span><span class=\"ls3 ws3\">23<span class=\"_ _351\"> </span></span>At 31 <span class=\"_ _3\"></span>December<span class=\"_ _1c2\"> </span><span class=\"ffc7 ls60 ws8d\">(34<span class=\"_ _0\"></span>6)<span class=\"_ _67\"> </span><span class=\"ffc6 ls3 ws3\">(259)<span class=\"_ _351\"> </span></span></span>15\u2002<span class=\"_ _34\"> </span>Contract\u2002assets\u2002and\u2002liabilities<span class=\"_ _351\"> </span>Current<span class=\"_ _167\"> </span><span class=\"lsda ws105\">Non-current\u2002</span>1<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>\u20022<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Contract\u2002a<span class=\"_ _3\"></span>ssets<span class=\"_ _351\"> </span>Contract <span class=\"_ _3\"></span>assets with customers<span class=\"_ _fd\"> </span><span class=\"ffc7 lsaa wsd7\">621<span class=\"_ _3\"></span> <span class=\"_ _83\"> </span><span class=\"ffc8 ls3 ws3\">58<span class=\"_ _0\"></span>6 <span class=\"_ _62\"> </span><span class=\"ffc7\">617 <span class=\"_ _62\"> </span></span><span class=\"ls6c ws99\">6<span class=\"_ _0\"></span>41 <span class=\"_ _157\"> </span></span><span class=\"ffc7\">1,<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>8 <span class=\"_ _7d\"> </span></span>1,<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span></span>Participation f<span class=\"_ _3\"></span>ee contract <span class=\"_ _3\"></span>assets<span class=\"_ _2b9\"> </span><span class=\"ffc7 ls3 ws3\">28 <span class=\"_ _de\"> </span><span class=\"ffc8\">27 <span class=\"_ _62\"> </span></span>21<span class=\"_ _0\"></span>5 <span class=\"_ _62\"> </span><span class=\"ffc8\">21<span class=\"_ _0\"></span>9 <span class=\"_ _86\"> </span></span>24<span class=\"_ _0\"></span>3 <span class=\"_ _86\"> </span></span><span class=\"ls62 ws8f\">24<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span>649 <span class=\"_ _62\"> </span><span class=\"ffc8\">613 <span class=\"_ _64\"> </span></span><span class=\"ls60 ws8d\">832<span class=\"_ _0\"></span> <span class=\"_ _72\"> </span></span><span class=\"ffc8\">8<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0 <span class=\"_ _7d\"> </span></span>1<span class=\"_ _0\"></span>,4<span class=\"_ _0\"></span>81 <span class=\"_ _99\"> </span><span class=\"ffc8 ls63 ws90\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span>1<span class=\"_ _351\"> </span>Contract <span class=\"_ _f\"></span>assets and <span class=\"_ _f\"></span>contract <span class=\"_ _3\"></span>liabilities <span class=\"_ _3\"></span>have <span class=\"_ _f\"></span>been pr<span class=\"_ _3\"></span>esented <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>face <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>the ba<span class=\"_ _3\"></span>lance <span class=\"_ _3\"></span>sheet in <span class=\"_ _f\"></span>line <span class=\"_ _3\"></span>with <span class=\"_ _3\"></span>the oper<span class=\"_ _3\"></span>ating <span class=\"_ _3\"></span>cycle <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>business. <span class=\"_ _3\"></span>Contract <span class=\"_ _f\"></span>liabilities ar<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>further <span class=\"_ _3\"></span>split <span class=\"_ _3\"></span>according<span class=\"_ _351\"> </span>to <span class=\"_ _3\"></span>when <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>related <span class=\"_ _f\"></span>performance <span class=\"_ _3\"></span>obligation <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>expected <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>be satisfied <span class=\"_ _f\"></span>and, <span class=\"_ _3\"></span>therefor<span class=\"_ _f\"></span>e, when <span class=\"_ _f\"></span>revenue <span class=\"_ _f\"></span>is estimated <span class=\"_ _f\"></span>to be <span class=\"_ _f\"></span>recognised <span class=\"_ _f\"></span>in th<span class=\"_ _3\"></span>e incom<span class=\"_ _3\"></span>e statement. <span class=\"_ _f\"></span>Further <span class=\"_ _f\"></span>disclosure <span class=\"_ _f\"></span>of contract<span class=\"_ _351\"> </span>assets is pr<span class=\"_ _3\"></span>ovided in the <span class=\"_ _3\"></span>table above, which sh<span class=\"_ _3\"></span>ows within curr<span class=\"_ _3\"></span>ent the element of <span class=\"_ _3\"></span>consideration that will <span class=\"_ _3\"></span>become unconditional in <span class=\"_ _3\"></span>the next year<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Contract assets <span class=\"_ _3\"></span>are classified <span class=\"_ _3\"></span>as non-financial instruments<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>88<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>(2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1: <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5m) <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Aero<span class=\"_ _0\"></span>spa<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>SA <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ost <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ainin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>fenc<span class=\"_ _0\"></span>e. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he<span class=\"_ _351\"> </span>dec<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Ci<span class=\"_ _0\"></span>vil <span class=\"_ _0\"></span>Ae<span class=\"_ _0\"></span>rospa<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>due <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>high<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>rece<span class=\"_ _0\"></span>ipt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>venue <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> of <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce. <span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ance <span class=\"_ _2\"></span>obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _351\"> </span>sat<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d in <span class=\"_ _3\"></span>prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s years was <span class=\"_ _3\"></span>\u00a3<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>m in <span class=\"_ _3\"></span>Civ<span class=\"_ _0\"></span>il Aerosp<span class=\"_ _0\"></span>ace<span class=\"_ _0\"></span>. No <span class=\"_ _3\"></span>imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>ment loss<span class=\"_ _0\"></span>es in <span class=\"_ _3\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion to these cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>ts (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: non<span class=\"_ _0\"></span>e) <span class=\"_ _3\"></span>have aris<span class=\"_ _0\"></span>en<span class=\"_ _351\"> </span>durin<span class=\"_ _0\"></span>g the year.<span class=\"_ _351\"> </span>Par<span class=\"_ _2\"></span>ticip<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>3m <span class=\"_ _0\"></span>(2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m) du<span class=\"_ _0\"></span>e to <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>exce<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>add<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ions <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>7m, <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>set <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>fore<span class=\"_ _0\"></span>ign<span class=\"_ _351\"> </span>exchang<span class=\"_ _0\"></span>e on cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ion of \u00a34<span class=\"_ _0\"></span>m.<span class=\"_ _0\"></span> The abs<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>te value of ECL<span class=\"_ _0\"></span>s for cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s has increa<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d by \u00a36m to \u00a321<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: \u00a3<span class=\"_ _0\"></span>15<span class=\"_ _0\"></span>m).<span class=\"_ _351\"> </span>Current<span class=\"_ _2e\"> </span><span class=\"lsda ws105\">Non-current<span class=\"_ _174\"> </span><span class=\"ls241 ws2b2\">Tot<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span></span></span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Contract\u2002liabilities<span class=\"_ _1de\"> </span><span class=\"ffc7 ls3 ws3\">4,82<span class=\"_ _0\"></span>5 <span class=\"_ _a0\"> </span><span class=\"ffc8 lsc2 wsef\">3,599 <span class=\"_ _124\"> </span></span><span class=\"ls85 wsb3\">7,<span class=\"_ _b\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _157\"> </span></span></span><span class=\"ffc8\">6,7<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>0 <span class=\"_ _87\"> </span><span class=\"ffc7 ls6d wscb\">12<span class=\"_ _2\"></span>,1<span class=\"_ _0\"></span>62<span class=\"_ _0\"></span> <span class=\"_ _6a\"> </span></span><span class=\"ls66 ws93\">10,309<span class=\"_ _351\"> </span></span></span>Contract <span class=\"_ _3\"></span>liabilities ar<span class=\"_ _3\"></span>e analysed as <span class=\"_ _3\"></span>follows:<span class=\"_ _351\"> </span>Financial instruments <span class=\"_ _3\"></span>(note 20)<span class=\"_ _2b8\"> </span><span class=\"ffc7 ls3 ws3\">42<span class=\"_ _0\"></span>0 <span class=\"_ _73\"> </span><span class=\"ffc8\">2<span class=\"_ _0\"></span>64<span class=\"_ _351\"> </span></span></span>Non-financial instruments<span class=\"_ _181\"> </span><span class=\"ffc7 ls3 ws3\">11<span class=\"_ _0\"></span>,7<span class=\"_ _3\"></span>42 <span class=\"_ _74\"> </span><span class=\"ffc8 ls9c wsc9\">1<span class=\"_ _0\"></span>0,045<span class=\"_ _351\"> </span></span></span>12<span class=\"_ _2\"></span>,16<span class=\"_ _0\"></span>2 <span class=\"_ _6a\"> </span><span class=\"ffc8 ls66 ws93\">10,<span class=\"_ _0\"></span>309<span class=\"_ _351\"> </span></span>Dur<span class=\"_ _0\"></span>ing the yea<span class=\"_ _0\"></span>r \u00a33<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a32<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>3m) of the op<span class=\"_ _0\"></span>enin<span class=\"_ _0\"></span>g contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y was rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d as revenue<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies <span class=\"_ _3\"></span>have <span class=\"_ _f\"></span>in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>by <span class=\"_ _f\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>3m<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>movem<span class=\"_ _0\"></span>ent <span class=\"_ _3\"></span>in <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _3\"></span>bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>is <span class=\"_ _3\"></span>as <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>resul<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>incre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>in <span class=\"_ _3\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _f\"></span>Ae<span class=\"_ _0\"></span>rosp<span class=\"_ _0\"></span>ace <span class=\"_ _3\"></span>of <span class=\"_ _f\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>39<span class=\"_ _0\"></span>5m<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>D<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _b\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>A<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>LT<span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _b\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00a3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _b\"></span>2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>:<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00a3<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9<span class=\"_ _b\"></span>m)<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _b\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>fl<span class=\"_ _2\"></span>y<span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>O<span class=\"_ _2\"></span>V<span class=\"_ _2\"></span>I<span class=\"_ _2\"></span>D<span class=\"_ _b\"></span>-<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> have a<span class=\"_ _0\"></span>ls<span class=\"_ _0\"></span>o b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal <span class=\"_ _0\"></span>buy<span class=\"_ _0\"></span>-in <span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>o ne<span class=\"_ _0\"></span>w co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>his h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>par<span class=\"_ _2\"></span>tly <span class=\"_ _0\"></span>of<span class=\"_ _2\"></span>fs<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>by reve<span class=\"_ _0\"></span>nue <span class=\"_ _0\"></span>bei<span class=\"_ _0\"></span>ng re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>in<span class=\"_ _351\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>3<span class=\"_ _b\"></span>4<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _b\"></span>fo<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _b\"></span>, <span class=\"_ _3\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> liab<span class=\"_ _0\"></span>ilit<span class=\"_ _2\"></span>y. <span class=\"_ _3\"></span>An incre<span class=\"_ _0\"></span>ase in De<span class=\"_ _0\"></span>fen<span class=\"_ _0\"></span>ce is from the recei<span class=\"_ _0\"></span>pt of dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s in adva<span class=\"_ _0\"></span>nce of pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rman<span class=\"_ _0\"></span>ce obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bei<span class=\"_ _0\"></span>ng comp<span class=\"_ _0\"></span>lete<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>16\u2002<span class=\"_ _34\"> </span>Cash\u2002and\u2002cash\u2002equival<span class=\"_ _3\"></span>ents<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Cash at bank <span class=\"_ _3\"></span>and in h<span class=\"_ _3\"></span>and<span class=\"_ _2ba\"> </span><span class=\"ffc7 ls83 wsb1\">8<span class=\"_ _0\"></span>47 <span class=\"_ _86\"> </span></span><span class=\"ls3 ws3\">7<span class=\"_ _0\"></span>95<span class=\"_ _351\"> </span></span>Money-market funds<span class=\"_ _27d\"> </span><span class=\"ffc7 ls3 ws3\">3<span class=\"_ _0\"></span>4 <span class=\"_ _84\"> </span><span class=\"ffc8\">49<span class=\"_ _351\"> </span></span></span>Short-term deposits<span class=\"_ _2bb\"> </span><span class=\"ffc7\">1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span> <span class=\"_ _7d\"> </span></span><span class=\"ls180 ws1b2\">1,<span class=\"_ _3\"></span>777<span class=\"_ _3\"></span> </span>Cash and <span class=\"_ _3\"></span>cash equivalents per <span class=\"_ _3\"></span>the balance sheet<span class=\"_ _2bc\"> </span><span class=\"ffc7 ls6e ws9b\">2<span class=\"_ _0\"></span>,607 <span class=\"_ _99\"> </span></span><span class=\"ls3 ws3\">2,<span class=\"_ _0\"></span>62<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span>Cash and <span class=\"_ _3\"></span>cash equivalents included <span class=\"_ _3\"></span>within assets held <span class=\"_ _3\"></span>for sale (note <span class=\"_ _3\"></span>27)<span class=\"_ _2bd\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _c8\"> </span><span class=\"ffc8\">25<span class=\"_ _351\"> </span></span></span>Over<span class=\"_ _3\"></span>drafts (note <span class=\"_ _3\"></span>17)<span class=\"_ _1cd\"> </span><span class=\"ffc7 ls77 wsa5\">(2)<span class=\"_ _be\"> </span><span class=\"ffc6 lsd4 ws1a5\">(<span class=\"_ _0\"></span>7)<span class=\"_ _351\"> </span></span></span>Cash and <span class=\"_ _3\"></span>cash equivalents per <span class=\"_ _3\"></span>cash flow statement <span class=\"_ _3\"></span>(page 106)<span class=\"_ _5f\"> </span><span class=\"ffc7 ls3 ws3\">2<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>05 <span class=\"_ _156\"> </span><span class=\"ffc8\">2<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>39<span class=\"_ _351\"> </span></span></span>Ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ival<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>at <span class=\"_ _2\"></span>31 <span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>cemb<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>22 <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>des <span class=\"_ _2\"></span>\u00a32<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5m <span class=\"_ _2\"></span>(20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>m) t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>not <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ral <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>is <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es \u00a3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0m <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch is <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ld i<span class=\"_ _0\"></span>n an <span class=\"_ _0\"></span>acc<span class=\"_ _0\"></span>ount <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t is <span class=\"_ _0\"></span>exclusi<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>y fo<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ral <span class=\"_ _0\"></span>use <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>Rol<span class=\"_ _0\"></span>ls-<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>oyce S<span class=\"_ _0\"></span>ubm<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>Limit<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>13<span class=\"_ _0\"></span>8m<span class=\"_ _0\"></span> which <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>exclu<span class=\"_ _0\"></span>sive<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>Roll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>audi <span class=\"_ _2\"></span>Arab<span class=\"_ _0\"></span>ia <span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>imite<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Thi<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>not <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>able <span class=\"_ _2\"></span>for <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>oth<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>Grou<span class=\"_ _0\"></span>p. The rema<span class=\"_ _0\"></span>ining bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce relate<span class=\"_ _0\"></span>s to cash held in non-<span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>y owned subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s and joint arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Balances <span class=\"_ _3\"></span>are pr<span class=\"_ _3\"></span>esented<span class=\"_ _3\"></span> on a<span class=\"_ _3\"></span> net basi<span class=\"_ _3\"></span>s when <span class=\"_ _3\"></span>the Grou<span class=\"_ _3\"></span>p has <span class=\"_ _3\"></span>both a lega<span class=\"_ _3\"></span>l right<span class=\"_ _3\"></span> of offset and<span class=\"_ _3\"></span> the in<span class=\"_ _3\"></span>tention t<span class=\"_ _3\"></span>o either<span class=\"_ _3\"></span> set<span class=\"_ _0\"></span>tle on<span class=\"_ _3\"></span> a net <span class=\"_ _3\"></span>basis or<span class=\"ls3 ws3\"> </span>realis<span class=\"_ _0\"></span>e the ass<span class=\"_ _0\"></span>et and se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y simult<span class=\"_ _0\"></span>ane<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sly.<span class=\"_ _351\"> </span>17\u2002<span class=\"_ _c\"> </span>B<span class=\"_ _0\"></span>orrowi<span class=\"_ _3\"></span>ngs\u2002and\u2002lease\u2002liabilities<span class=\"_ _351\"> </span>Current<span class=\"_ _2e\"> </span><span class=\"lsda ws105\">Non-current<span class=\"_ _174\"> </span><span class=\"ls241 ws2b2\">Tot<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span></span></span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Unsecured<span class=\"_ _351\"> </span>Over<span class=\"_ _3\"></span>drafts<span class=\"_ _2be\"> </span><span class=\"ffc7 ls3 ws3\">2 <span class=\"_ _d2\"> </span><span class=\"ffc8\">7 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _65\"> </span></span>2 <span class=\"_ _d2\"> </span><span class=\"ffc8\">7<span class=\"_ _351\"> </span></span></span>Bank loans<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>1 <span class=\"_ _d2\"> </span><span class=\"ffc8\">2 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _6c\"> </span><span class=\"ffc8\">1,<span class=\"_ _0\"></span>975 <span class=\"_ _ed\"> </span></span>1 <span class=\"_ _99\"> </span><span class=\"ffc8\">1,<span class=\"_ _0\"></span>97<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span>0.875% Notes <span class=\"_ _3\"></span>2024 \u20ac550m<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _64\"> </span></span><span class=\"ls83 wsb1\">47<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _85\"> </span><span class=\"ffc8 ls63 ws90\">47<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _6f\"> </span></span>47<span class=\"_ _0\"></span>2 <span class=\"_ _15a\"> </span><span class=\"ffc8 ls63 ws90\">47<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span></span>3.625% Notes 2025 <span class=\"_ _3\"></span>$1,000m<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _6f\"> </span></span>801 <span class=\"_ _85\"> </span><span class=\"ffc8\">78<span class=\"_ _0\"></span>1 <span class=\"_ _6f\"> </span></span>8<span class=\"_ _0\"></span>01 <span class=\"_ _85\"> </span><span class=\"ffc8\">781<span class=\"_ _351\"> </span></span>3.375% Notes 2026 <span class=\"_ _3\"></span>\u00a3375m<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _1a\"> </span></span><span class=\"ls5c ws8a\">3<span class=\"_ _0\"></span>51 <span class=\"_ _73\"> </span></span><span class=\"ffc8\">39<span class=\"_ _0\"></span>4 <span class=\"_ _62\"> </span></span><span class=\"ls5c ws8a\">3<span class=\"_ _0\"></span>51 <span class=\"_ _73\"> </span></span><span class=\"ffc8\">39<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span>4.625% Notes 2026 <span class=\"_ _3\"></span>\u20ac750m<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _6f\"> </span></span>66<span class=\"_ _0\"></span>1 <span class=\"_ _86\"> </span><span class=\"ffc8 ls62 ws8f\">624<span class=\"_ _0\"></span> <span class=\"_ _26\"> </span></span>661 <span class=\"_ _64\"> </span><span class=\"ffc8 ls62 ws8f\">624<span class=\"_ _351\"> </span></span>5.75% Notes 2027 <span class=\"_ _3\"></span>$1,000m<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _73\"> </span></span>82<span class=\"_ _0\"></span>5 <span class=\"_ _64\"> </span><span class=\"ffc8\">73<span class=\"_ _0\"></span>5 <span class=\"_ _86\"> </span></span>82<span class=\"_ _0\"></span>5 <span class=\"_ _64\"> </span><span class=\"ffc8\">73<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span>5.75% Notes 2027 <span class=\"_ _3\"></span>\u00a3545m<span class=\"_ _2bf\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _1a\"> </span></span><span class=\"ls74 wsa2\">541<span class=\"_ _0\"></span> <span class=\"_ _5c\"> </span></span><span class=\"ffc8\">5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0 <span class=\"_ _62\"> </span></span><span class=\"ls74 wsa2\">541 <span class=\"_ _83\"> </span></span><span class=\"ffc8\">54<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span></span>1.625% Notes 2028 <span class=\"_ _3\"></span>\u20ac550m<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _83\"> </span></span><span class=\"lsd4 ws1a5\">444<span class=\"_ _3\"></span> <span class=\"_ _73\"> </span><span class=\"ffc8 ls3 ws3\">493 <span class=\"_ _83\"> </span></span>444 <span class=\"_ _73\"> </span><span class=\"ffc8 ls3 ws3\">493<span class=\"_ _351\"> </span></span></span>Other loans<span class=\"_ _258\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _de\"> </span></span>10 <span class=\"_ _58\"> </span><span class=\"ffc8\">10 <span class=\"_ _de\"> </span></span>1<span class=\"_ _0\"></span>0 <span class=\"_ _a8\"> </span><span class=\"ffc8\">10<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>otal\u2002unsecured<span class=\"_ _2c0\"> </span><span class=\"ffc7 ls3 ws3\">3 <span class=\"_ _e7\"> </span><span class=\"ffc8\">9 <span class=\"_ _124\"> </span></span><span class=\"ls6d wscb\">4<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5 <span class=\"_ _a0\"> </span><span class=\"ffc8 ls90 wsbd\">6,023 <span class=\"_ _5e\"> </span></span>4<span class=\"_ _2\"></span>,1<span class=\"_ _0\"></span>08<span class=\"_ _0\"></span> <span class=\"_ _156\"> </span><span class=\"ffc8 ls9c wsc9\">6,032<span class=\"_ _351\"> </span></span></span></span>Lease liability \u2013 <span class=\"_ _3\"></span>Land and building<span class=\"_ _3\"></span>s<span class=\"_ _2c1\"> </span><span class=\"ffc7 ls3 ws3\">46 <span class=\"_ _84\"> </span><span class=\"ffc8\">4<span class=\"_ _0\"></span>6 <span class=\"_ _71\"> </span></span>4<span class=\"_ _0\"></span>00 <span class=\"_ _73\"> </span><span class=\"ffc8\">36<span class=\"_ _0\"></span>5 <span class=\"_ _83\"> </span></span>44<span class=\"_ _0\"></span>6 <span class=\"_ _2b\"> </span></span><span class=\"ls6c ws99\">41<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span>Lease liability \u2013 <span class=\"_ _3\"></span>Aircr<span class=\"_ _3\"></span>aft and engines<span class=\"_ _187\"> </span><span class=\"ffc7 ls3 ws3\">278 <span class=\"_ _1a\"> </span><span class=\"ffc8\">19<span class=\"_ _0\"></span>8 <span class=\"_ _81\"> </span></span><span class=\"ls83 wsb1\">1<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span> <span class=\"_ _68\"> </span></span><span class=\"ffc8\">1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>53 <span class=\"_ _6c\"> </span></span><span class=\"ls60 ws8d\">1,<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>5 <span class=\"_ _67\"> </span></span></span><span class=\"ls74 wsa2\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>51<span class=\"_ _351\"> </span></span>Lease liability \u2013 <span class=\"_ _3\"></span>Plant and equipment<span class=\"_ _13f\"> </span><span class=\"ffc7 ls77 wsa5\">31 <span class=\"_ _c8\"> </span></span><span class=\"ls3 ws3\">26 <span class=\"_ _28f\"> </span><span class=\"ffc7\">45 <span class=\"_ _84\"> </span></span>5<span class=\"_ _0\"></span>6 <span class=\"_ _c8\"> </span><span class=\"ffc7 ls73 wsa1\">76 <span class=\"_ _c8\"> </span></span>82<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>otal\u2002lease\u2002liabilities<span class=\"_ _25a\"> </span><span class=\"ffc7 ls3 ws3\">355 <span class=\"_ _86\"> </span><span class=\"ffc8 ls6e ws9b\">270<span class=\"_ _0\"></span> <span class=\"_ _81\"> </span></span>1,<span class=\"_ _0\"></span>49<span class=\"_ _0\"></span>2 <span class=\"_ _7d\"> </span><span class=\"ffc8 lsce wsf8\">1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span> <span class=\"_ _157\"> </span></span><span class=\"ls83 wsb1\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>47 <span class=\"_ _7d\"> </span><span class=\"ffc8 lsce wsf8\">1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> </span></span></span>T<span class=\"_ _f\"></span>otal\u2002borrowing<span class=\"_ _3\"></span>s\u2002and\u2002lease\u2002liabilities<span class=\"_ _12d\"> </span><span class=\"ffc7 ls3 ws3\">358 <span class=\"_ _64\"> </span><span class=\"ffc8\">27<span class=\"_ _0\"></span>9 <span class=\"_ _156\"> </span></span><span class=\"ls6e ws9b\">5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>597 <span class=\"_ _68\"> </span><span class=\"ffc8 lsd0 wsfa\">7,<span class=\"_ _b\"></span>4<span class=\"_ _0\"></span>9<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _a0\"> </span></span></span>5<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>55 <span class=\"_ _157\"> </span><span class=\"ffc8 lsd0 wsfa\">7,<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span> </span></span>All outstanding items <span class=\"_ _3\"></span>described as notes abov<span class=\"_ _3\"></span>e are <span class=\"_ _3\"></span>listed on the Lon<span class=\"_ _3\"></span>don Stock Exchange<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>On 16 September 2022, the Group r<span class=\"_ _f\"></span>epaid the \u00a32,000m loan maturing in 2025 (supported by an 80% guarantee from UK Export Finance)<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>These notes ar<span class=\"_ _f\"></span>e the subject of <span class=\"_ _3\"></span>cross-curr<span class=\"_ _3\"></span>ency inter<span class=\"_ _3\"></span>est rate sw<span class=\"_ _3\"></span>ap agreements <span class=\"_ _3\"></span>under which the <span class=\"_ _3\"></span>Group <span class=\"_ _3\"></span>has undertaken to <span class=\"_ _3\"></span>pay \ufb02oating r<span class=\"_ _3\"></span>ates of GBP <span class=\"_ _3\"></span>interest, which <span class=\"_ _3\"></span>form a fair <span class=\"_ _3\"></span>value hedge.<span class=\"_ _351\"> </span>They are also s<span class=\"_ _3\"></span>ubject to interest rate swap ag<span class=\"_ _3\"></span>reements under which the Gr<span class=\"_ _3\"></span>oup has undertaken to pay fixed r<span class=\"_ _3\"></span>ates of interest, which ar<span class=\"_ _3\"></span>e classified as fair value through pr<span class=\"_ _3\"></span>ofit and loss<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>These notes <span class=\"_ _f\"></span>are the <span class=\"_ _3\"></span>subject of <span class=\"_ _3\"></span>interest <span class=\"_ _3\"></span>rate <span class=\"_ _3\"></span>swap agr<span class=\"_ _f\"></span>eements under which <span class=\"_ _3\"></span>the Gr<span class=\"_ _3\"></span>oup has <span class=\"_ _3\"></span>undertaken <span class=\"_ _3\"></span>to pay <span class=\"_ _3\"></span>\ufb02oating rates <span class=\"_ _f\"></span>of interest, <span class=\"_ _3\"></span>which form <span class=\"_ _f\"></span>a fair value <span class=\"_ _3\"></span>hedge. They <span class=\"_ _f\"></span>are also <span class=\"_ _3\"></span>subject<span class=\"_ _351\"> </span>to interest r<span class=\"_ _3\"></span>ate swap agreements under which th<span class=\"_ _3\"></span>e Group has undertaken to pay fix<span class=\"_ _3\"></span>ed rates of interest, which ar<span class=\"_ _f\"></span>e classified as fair value through profit an<span class=\"_ _3\"></span>d loss<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>These notes are the s<span class=\"_ _3\"></span>ubject of cross-curr<span class=\"_ _3\"></span>ency interest r<span class=\"_ _3\"></span>ate swap agreements under which the Gr<span class=\"_ _f\"></span>oup has undertaken to pay fixed rates of GBP inter<span class=\"_ _3\"></span>est, which form a cash flow hedge<span class=\"_ _351\"> </span>D<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>y<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>D<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _b\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _2\"></span>1<span class=\"_ _b\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _b\"></span>0<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>y<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _b\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> by an 80<span class=\"_ _0\"></span>% guarant<span class=\"_ _0\"></span>ee from UK E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t Finan<span class=\"_ _0\"></span>ce). The fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y was undra<span class=\"_ _0\"></span>wn at 31 Decem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>At 31 <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up had total und<span class=\"_ _0\"></span>rawn fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s of \u00a35,<span class=\"_ _2\"></span>50<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: \u00a34<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>50<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m).<span class=\"_ _351\"> </span>Und<span class=\"_ _0\"></span>er <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ter<span class=\"_ _0\"></span>ms <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>rece<span class=\"_ _0\"></span>nt <span class=\"_ _3\"></span>lo<span class=\"_ _0\"></span>an <span class=\"_ _3\"></span>fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>the Compa<span class=\"_ _0\"></span>ny <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>rest<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed from <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>ecl<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>mak<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span>or paying distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span>to sharehol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>on or<span class=\"_ _3\"></span> prior to<span class=\"_ _3\"></span> 31 Dec<span class=\"_ _3\"></span>ember 2022 and<span class=\"_ _3\"></span> from<span class=\"_ _3\"></span> declarin<span class=\"_ _3\"></span>g, making<span class=\"_ _3\"></span> or pa<span class=\"_ _3\"></span>ying d<span class=\"_ _3\"></span>istributions<span class=\"_ _3\"></span> to s<span class=\"_ _3\"></span>hareho<span class=\"_ _3\"></span>lders fr<span class=\"_ _3\"></span>om 1<span class=\"_ _3\"></span> January 2023 un<span class=\"_ _3\"></span>less certain<span class=\"_ _351\"> </span>con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns are sat<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. The res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns on dis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons do no<span class=\"_ _0\"></span>t prevent<span class=\"_ _0\"></span> the Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny from rede<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ing any unre<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed C Share<span class=\"_ _0\"></span>s issu<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>or to March 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>18\u2002<span class=\"_ _34\"> </span>Leases<span class=\"_ _351\"> </span>Leases <span class=\"_ _3\"></span>as les<span class=\"_ _f\"></span>se<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ne<span class=\"_ _2\"></span>t b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>k va<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>t-<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>f-<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> De<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> 20<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>:<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>m)<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> wi<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y of<span class=\"_ _0\"></span> \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>7m<span class=\"_ _0\"></span> (2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>m)<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> per notes 11 and <span class=\"_ _3\"></span>17 respe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vely. Leases that have not <span class=\"_ _3\"></span>yet commen<span class=\"_ _0\"></span>ced to which <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e Group is <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted have a <span class=\"_ _f\"></span>fu<span class=\"_ _0\"></span>ture liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of \u00a339<span class=\"_ _0\"></span>m and<span class=\"_ _351\"> </span>consist <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>mainly <span class=\"_ _f\"></span>pl<span class=\"_ _0\"></span>ant <span class=\"_ _f\"></span>and <span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>quipment<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>and <span class=\"_ _f\"></span>proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies. <span class=\"_ _3\"></span>The <span class=\"_ _f\"></span>consolidated <span class=\"_ _3\"></span>income <span class=\"_ _f\"></span>statement <span class=\"_ _f\"></span>shows <span class=\"_ _3\"></span>the <span class=\"_ _f\"></span>following <span class=\"_ _f\"></span>amounts <span class=\"_ _3\"></span>relating <span class=\"_ _f\"></span>to <span class=\"_ _3\"></span>leases:<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Land and <span class=\"_ _3\"></span>buildings depr<span class=\"_ _3\"></span>eciation and <span class=\"_ _3\"></span>impairment<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(41)<span class=\"_ _28f\"> </span><span class=\"ffc6 ls74 wsa2\">(41)<span class=\"_ _351\"> </span></span>Plant and <span class=\"_ _3\"></span>equipment depr<span class=\"_ _3\"></span>eciation and impairment<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>(36)<span class=\"_ _15a\"> </span><span class=\"ffc6\">(24)<span class=\"_ _351\"> </span></span>Air<span class=\"_ _3\"></span>craft and engin<span class=\"_ _3\"></span>es depr<span class=\"_ _3\"></span>eciation and impairment<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>(21<span class=\"_ _0\"></span>0)<span class=\"_ _83\"> </span><span class=\"ffc6 ls6e ws9b\">(19<span class=\"_ _0\"></span>2)<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>otal\u2002deprecia<span class=\"_ _3\"></span>tion\u2002and\u2002impairment\u2002charge\u2002for\u2002right-of-use\u2002a<span class=\"_ _3\"></span>ssets\u2002<span class=\"_ _2c2\"> </span><span class=\"ffc7 ls77 wsa5\">(28<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _aa\"> </span><span class=\"ffc6 ls3 ws3\">(2<span class=\"_ _0\"></span>57 )<span class=\"_ _351\"> </span></span></span>Adjustment of <span class=\"_ _3\"></span>amounts payable un<span class=\"_ _3\"></span>der r<span class=\"_ _3\"></span>esidual value guar<span class=\"_ _3\"></span>antees within lease <span class=\"_ _3\"></span>liabilities<span class=\"_ _351\"> </span>3, 4<span class=\"_ _351\"> </span>3 <span class=\"_ _65\"> </span><span class=\"ffc8\">4<span class=\"_ _351\"> </span></span>Expense r<span class=\"_ _f\"></span>elating to short-term leases <span class=\"_ _3\"></span>of 12 months <span class=\"_ _3\"></span>or less r<span class=\"_ _f\"></span>ecognised as an expense <span class=\"_ _3\"></span>on a str<span class=\"_ _f\"></span>aight line basis<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>(28)<span class=\"_ _ae\"> </span><span class=\"ffc6 ls80 wsae\">(1<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span>Expense r<span class=\"_ _f\"></span>elating to variable lease <span class=\"_ _3\"></span>payments not in<span class=\"_ _3\"></span>cluded in lease li<span class=\"_ _3\"></span>abilities<span class=\"_ _351\"> </span>3, 5<span class=\"_ _351\"> </span>(2)<span class=\"_ _1b5\"> </span><span class=\"ffc6 ls3 ws3\">(2)<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>otal\u2002operating\u2002costs<span class=\"_ _2bb\"> </span><span class=\"ffc7 ls74 wsa2\">(<span class=\"_ _0\"></span>314)<span class=\"_ _86\"> </span><span class=\"ffc6 ls80 wsae\">(2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1)<span class=\"_ _351\"> </span></span></span>Inter<span class=\"_ _3\"></span>est expense<span class=\"_ _351\"> </span>6<span class=\"_ _351\"> </span>(68)<span class=\"_ _62\"> </span><span class=\"ffc6 ls6b ws98\">(6<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>otal\u2002lease\u2002expense<span class=\"_ _2c3\"> </span><span class=\"ffc7 ls60 ws8d\">(382)<span class=\"_ _67\"> </span><span class=\"ffc6\">(3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>Income fr<span class=\"_ _f\"></span>om sub-leasing right-of-use assets<span class=\"_ _199\"> </span><span class=\"ffc7 ls60 ws8d\">32 <span class=\"_ _28f\"> </span></span><span class=\"ls3 ws3\">3<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>otal\u2002amount\u2002r<span class=\"_ _3\"></span>ecognised\u2002in\u2002the\u2002income\u2002statement<span class=\"_ _1b1\"> </span><span class=\"ffc7 ls63 ws90\">(35<span class=\"_ _0\"></span>0)<span class=\"_ _21\"> </span><span class=\"ffc6 ls3 ws3\">(29<span class=\"_ _0\"></span>9)<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>Included in cost <span class=\"_ _3\"></span>of sales and commer<span class=\"_ _f\"></span>cial and administration <span class=\"_ _3\"></span>costs depending on the <span class=\"_ _3\"></span>nature and <span class=\"_ _3\"></span>the use of th<span class=\"_ _3\"></span>e right-of-use asset<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Included in cost <span class=\"_ _3\"></span>of sales, commer<span class=\"_ _3\"></span>cial and administr<span class=\"_ _3\"></span>ation costs, or <span class=\"_ _3\"></span>resear<span class=\"_ _3\"></span>ch and development depending <span class=\"_ _3\"></span>on the natur<span class=\"_ _3\"></span>e and use <span class=\"_ _3\"></span>of the right-of-use asset<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>Included in cost <span class=\"_ _3\"></span>of sales<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>Where the cost of <span class=\"_ _0\"></span>meeting <span class=\"_ _0\"></span>residual value guarantees is less <span class=\"_ _0\"></span>than that <span class=\"_ _0\"></span>previously estimated, as <span class=\"_ _0\"></span>costs have <span class=\"_ _0\"></span>been mitigated <span class=\"_ _0\"></span>or liabilities <span class=\"_ _0\"></span>waived by the <span class=\"_ _0\"></span>lessor<span class=\"_ _f\"></span>, <span class=\"_ _0\"></span>the lease <span class=\"_ _0\"></span>liability <span class=\"_ _0\"></span>has been<span class=\"_ _0\"></span> remeasur<span class=\"_ _f\"></span>ed. Where the <span class=\"_ _3\"></span>value of this <span class=\"_ _3\"></span>remeasur<span class=\"_ _3\"></span>ement exceeds <span class=\"_ _3\"></span>the value of the <span class=\"_ _3\"></span>right-of use asset, the <span class=\"_ _3\"></span>reduction in <span class=\"_ _3\"></span>the lease liability is cr<span class=\"_ _f\"></span>edited to cost of sales<span class=\"_ _351\"> </span>5<span class=\"_ _351\"> </span>Variable lease <span class=\"_ _3\"></span>payments primarily arise <span class=\"_ _3\"></span>on a small n<span class=\"_ _3\"></span>umber of contracts <span class=\"_ _3\"></span>where engine <span class=\"_ _3\"></span>lease payments ar<span class=\"_ _3\"></span>e dependent upon <span class=\"_ _3\"></span>utilisation rather th<span class=\"_ _3\"></span>an a periodic charge<span class=\"_ _351\"> </span>6<span class=\"_ _351\"> </span>Included in finan<span class=\"_ _3\"></span>cing costs<span class=\"_ _351\"> </span>Th<span class=\"_ _0\"></span>e tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l cas<span class=\"_ _0\"></span>h ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span> for le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> in 202<span class=\"_ _2\"></span>2 was \u00a3<span class=\"_ _0\"></span>31<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>m (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a34<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>m). O<span class=\"_ _0\"></span>f thi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, \u00a32<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>m rel<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in the<span class=\"_ _0\"></span> leas<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _2\"></span>y, <span class=\"_ _3\"></span>\u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m to<span class=\"_ _351\"> </span>sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-term leas<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re lease pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ed on a str<span class=\"_ _0\"></span>aight-li<span class=\"_ _0\"></span>ne basi<span class=\"_ _0\"></span>s and \u00a32m for va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ble lea<span class=\"_ _0\"></span>se paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s whe<span class=\"_ _0\"></span>re oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s are<span class=\"_ _351\"> </span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> du<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> wh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>e ti<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> be<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ca<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> end<span class=\"_ _3\"></span> of le<span class=\"_ _3\"></span>ases<span class=\"_ _3\"></span> for r<span class=\"_ _3\"></span>esid<span class=\"_ _3\"></span>ual<span class=\"_ _3\"></span> valu<span class=\"_ _3\"></span>e gu<span class=\"_ _3\"></span>aran<span class=\"_ _3\"></span>tees<span class=\"_ _3\"></span> and r<span class=\"_ _3\"></span>esto<span class=\"_ _3\"></span>ration<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>costs<span class=\"_ _3\"></span> that<span class=\"_ _3\"></span> are<span class=\"_ _3\"></span> recog<span class=\"_ _3\"></span>nised<span class=\"_ _3\"></span> with<span class=\"_ _3\"></span>in de<span class=\"_ _3\"></span>prec<span class=\"_ _3\"></span>iation<span class=\"_ _3\"></span> ov<span class=\"_ _3\"></span>er the<span class=\"_ _3\"></span> term<span class=\"_ _3\"></span> of th<span class=\"_ _3\"></span>e lea<span class=\"_ _3\"></span>se, the<span class=\"_ _3\"></span> mos<span class=\"_ _0\"></span>t signifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt amoun<span class=\"_ _0\"></span>ts rel<span class=\"_ _0\"></span>ate to engin<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Leases <span class=\"_ _3\"></span>as les<span class=\"_ _f\"></span>sor<span class=\"_ _351\"> </span>The Gr<span class=\"_ _3\"></span>oup<span class=\"_ _3\"></span> acts as <span class=\"_ _3\"></span>lessor<span class=\"_ _3\"></span> for e<span class=\"_ _3\"></span>ngine<span class=\"_ _3\"></span>s to<span class=\"_ _3\"></span> Civil<span class=\"_ _3\"></span> Aer<span class=\"_ _3\"></span>ospace<span class=\"_ _3\"></span> cust<span class=\"_ _3\"></span>omers<span class=\"_ _3\"></span> when<span class=\"_ _3\"></span> they r<span class=\"_ _f\"></span>equir<span class=\"_ _3\"></span>e engi<span class=\"_ _3\"></span>nes t<span class=\"_ _3\"></span>o su<span class=\"_ _3\"></span>pport their<span class=\"_ _3\"></span> fleets. Leas<span class=\"_ _3\"></span>e agr<span class=\"_ _3\"></span>eemen<span class=\"_ _3\"></span>ts<span class=\"_ _351\"> </span>wit<span class=\"_ _0\"></span>h <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>les<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>prote<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _f\"></span>ove<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>Us<span class=\"_ _0\"></span>age <span class=\"_ _3\"></span>in <span class=\"_ _f\"></span>exces<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>ed <span class=\"_ _f\"></span>l<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _f\"></span>da<span class=\"_ _0\"></span>mag<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>to <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>en<span class=\"_ _0\"></span>gine <span class=\"_ _3\"></span>while <span class=\"_ _3\"></span>on <span class=\"_ _f\"></span>l<span class=\"_ _0\"></span>ease <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>cove<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span> by <span class=\"_ _3\"></span>var<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>lea<span class=\"_ _0\"></span>se payment str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tures<span class=\"_ _0\"></span>. Lesse<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ba<span class=\"_ _0\"></span>nkr<span class=\"_ _0\"></span>uptc<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>risk is <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>ed through the <span class=\"_ _3\"></span>Ca<span class=\"_ _0\"></span>pe T<span class=\"_ _f\"></span>own Convent<span class=\"_ _0\"></span>ion on <span class=\"_ _f\"></span>I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rnat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>nal Interest<span class=\"_ _0\"></span>s in<span class=\"_ _351\"> </span>Mo<span class=\"_ _0\"></span>bile Equipmen<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>(i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ding a <span class=\"_ _f\"></span>spe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c <span class=\"_ _3\"></span>proto<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>ircraf<span class=\"_ _0\"></span>t equipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>); an <span class=\"_ _f\"></span>inte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal treat<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>that creates <span class=\"_ _3\"></span>comm<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dard<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _351\"> </span>the <span class=\"_ _3\"></span>registration <span class=\"_ _3\"></span>of <span class=\"_ _f\"></span>lease contracts <span class=\"_ _f\"></span>and establishes<span class=\"_ _3\"></span> various<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>legal <span class=\"_ _3\"></span>remedies <span class=\"_ _f\"></span>for defau<span class=\"_ _3\"></span>lt <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>financing <span class=\"_ _f\"></span>agreements, inc<span class=\"_ _3\"></span>luding <span class=\"_ _f\"></span>repossession <span class=\"_ _3\"></span>and<span class=\"_ _351\"> </span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _b\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>k<span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>E<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> is established tha<span class=\"_ _3\"></span>t cover<span class=\"_ _3\"></span>s the engine<span class=\"_ _3\"></span> assets to pr<span class=\"_ _3\"></span>e-agreed amounts. All suc<span class=\"_ _3\"></span>h contracts are<span class=\"_ _3\"></span> operating leases. The Grou<span class=\"_ _3\"></span>p also leases <span class=\"_ _3\"></span>out a<span class=\"_ _351\"> </span>small numb<span class=\"_ _0\"></span>er of prop<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, or par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s, wh<span class=\"_ _0\"></span>ere the<span class=\"_ _0\"></span>re is excess capa<span class=\"_ _0\"></span>cit<span class=\"_ _0\"></span>y und<span class=\"_ _0\"></span>er ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s.<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Operating <span class=\"_ _3\"></span>lease income \u2013 <span class=\"_ _3\"></span>credited <span class=\"_ _3\"></span>within r<span class=\"_ _3\"></span>evenue fr<span class=\"_ _f\"></span>om aftermarket services<span class=\"_ _351\"> </span>1, 2<span class=\"_ _351\"> </span>84<span class=\"_ _a8\"> </span><span class=\"ffc8 ls3 ws3\">80<span class=\"_ _351\"> </span></span>1<span class=\"_ _351\"> </span>Includes variable <span class=\"_ _3\"></span>lease payments r<span class=\"_ _3\"></span>eceived of \u00a373m (2021: <span class=\"_ _3\"></span>\u00a371m) that do n<span class=\"_ _3\"></span>ot depend on an <span class=\"_ _3\"></span>index or a r<span class=\"_ _3\"></span>ate<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Items of pr<span class=\"_ _3\"></span>operty<span class=\"_ _3\"></span>, plant and equipment <span class=\"_ _3\"></span>subject to an <span class=\"_ _3\"></span>operating lease ar<span class=\"_ _f\"></span>e disclosed in note 10<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _2\"></span>9<span class=\"_ _b\"></span>5<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>:<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _2\"></span>5<span class=\"_ _b\"></span>8<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>)<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00a3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>:<span class=\"_ _2\"></span> \u00a39<span class=\"_ _0\"></span>m) is due within on<span class=\"_ _0\"></span>e year<span class=\"_ _3\"></span>, \u00a34<span class=\"_ _0\"></span>5m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: \u00a3<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>m) bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en on<span class=\"_ _0\"></span>e to five years and \u00a33<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a32<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>m) afte<span class=\"_ _0\"></span>r five years<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> In <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>limi<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>circums<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>sub<span class=\"_ _0\"></span>let<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>reate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>fina<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>hen <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>substantiall<span class=\"_ _0\"></span>y all the <span class=\"_ _3\"></span>risks and rewards <span class=\"_ _3\"></span>of ownership of <span class=\"_ _3\"></span>the asset<span class=\"_ _0\"></span>. At 31<span class=\"_ _3\"></span> Decemb<span class=\"_ _0\"></span>er 2022<span class=\"_ _0\"></span>, the total undiscounted lease payments receivable<span class=\"_ _351\"> </span>is <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>(2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>m) <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nnual <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>inco<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>\u00a34m <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>2m). <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>sco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>finan<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cemb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>32m<span class=\"_ _351\"> </span>(20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: \u00a3<span class=\"_ _0\"></span>17m). Th<span class=\"_ _0\"></span>ere was nil (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: nil) fina<span class=\"_ _0\"></span>nce inc<span class=\"_ _0\"></span>ome rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d during th<span class=\"_ _0\"></span>e year<span class=\"_ _3\"></span>.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>19\u2002<span class=\"_ _34\"> </span>T<span class=\"_ _32\"></span>rade\u2002payables\u2002and\u2002other\u2002liabil<span class=\"_ _3\"></span>ities<span class=\"_ _351\"> </span>Current<span class=\"_ _2e\"> </span><span class=\"lsda ws105\">Non-current<span class=\"_ _174\"> </span><span class=\"ls241 ws2b2\">Tot<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span></span></span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>rade payables<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>1<span class=\"_ _0\"></span>,73<span class=\"_ _0\"></span>5 <span class=\"_ _7d\"> </span><span class=\"ffc8 lsc2 wsef\">1,272 <span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _6c\"> </span></span></span>1<span class=\"_ _0\"></span>,73<span class=\"_ _0\"></span>5 <span class=\"_ _7d\"> </span><span class=\"ffc8 lsc2 wsef\">1,272<span class=\"_ _351\"> </span></span>Accruals<span class=\"_ _2c4\"> </span><span class=\"ffc7 ls83 wsb1\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _61\"> </span></span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>61 <span class=\"_ _26\"> </span><span class=\"ffc7\">19<span class=\"_ _0\"></span>9 <span class=\"_ _62\"> </span></span>19<span class=\"_ _0\"></span>2 <span class=\"_ _81\"> </span><span class=\"ffc7 ls73 wsa1\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>676<span class=\"_ _0\"></span> <span class=\"_ _157\"> </span></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>553<span class=\"_ _351\"> </span></span>Customer concession <span class=\"_ _3\"></span>credits<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>616 <span class=\"_ _7d\"> </span><span class=\"ffc8 ls7b wsaa\">1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6 <span class=\"_ _83\"> </span></span>86<span class=\"_ _0\"></span>4 <span class=\"_ _83\"> </span><span class=\"ffc8\">399 <span class=\"_ _124\"> </span></span>1,4<span class=\"_ _0\"></span>80 <span class=\"_ _68\"> </span><span class=\"ffc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>50<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span>Payables <span class=\"_ _3\"></span>due on RRSAs<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>1,<span class=\"_ _0\"></span>392 <span class=\"_ _64\"> </span><span class=\"ffc8\">739 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _81\"> </span></span>1,<span class=\"_ _0\"></span>392 <span class=\"_ _64\"> </span><span class=\"ffc8\">739<span class=\"_ _351\"> </span></span>Deferr<span class=\"_ _3\"></span>ed r<span class=\"_ _3\"></span>eceipts fr<span class=\"_ _f\"></span>om RRSA workshar<span class=\"_ _3\"></span>e partners<span class=\"_ _272\"> </span><span class=\"ffc7 ls60 ws8d\">32 <span class=\"_ _75\"> </span></span><span class=\"ls3 ws3\">23 <span class=\"_ _86\"> </span><span class=\"ffc7\">829 <span class=\"_ _73\"> </span></span>4<span class=\"_ _0\"></span>84 <span class=\"_ _1a\"> </span><span class=\"ffc7\">861 <span class=\"_ _73\"> </span></span><span class=\"ls6e ws9b\">5<span class=\"_ _0\"></span>07<span class=\"_ _351\"> </span></span></span>Amounts owed <span class=\"_ _3\"></span>to joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _2c5\"> </span><span class=\"ffc7 ls3 ws3\">567 <span class=\"_ _83\"> </span><span class=\"ffc8\">4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _86\"> </span></span>56<span class=\"_ _0\"></span>7 <span class=\"_ _83\"> </span><span class=\"ffc8\">48<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>Warr<span class=\"_ _3\"></span>anty credits<span class=\"_ _2c6\"> </span><span class=\"ffc7 ls3 ws3\">212 <span class=\"_ _1a\"> </span></span><span class=\"lsca ws18e\">201 <span class=\"_ _85\"> </span><span class=\"ffc7 ls6c ws99\">152 <span class=\"_ _60\"> </span></span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>61 <span class=\"_ _73\"> </span><span class=\"ffc7\">364 <span class=\"_ _86\"> </span></span>3<span class=\"_ _0\"></span>62<span class=\"_ _351\"> </span></span></span>Government gr<span class=\"_ _3\"></span>ants<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>21 <span class=\"_ _c8\"> </span><span class=\"ffc8\">28 <span class=\"_ _57\"> </span></span><span class=\"ls74 wsa2\">41<span class=\"_ _0\"></span> <span class=\"_ _84\"> </span></span><span class=\"ffc8\">39 <span class=\"_ _28f\"> </span></span>6<span class=\"_ _0\"></span>2 <span class=\"_ _28f\"> </span><span class=\"ffc8\">6<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span>Other taxation and <span class=\"_ _3\"></span>social security<span class=\"_ _2c7\"> </span><span class=\"ffc7 ls3 ws3\">88 <span class=\"_ _2b\"> </span><span class=\"ffc8\">4<span class=\"_ _0\"></span>0 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _28f\"> </span></span>88 <span class=\"_ _2b\"> </span><span class=\"ffc8\">4<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span></span>Other payables<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>84<span class=\"_ _0\"></span>3 <span class=\"_ _83\"> </span><span class=\"ffc8 ls80 wsae\">76<span class=\"_ _0\"></span>0 <span class=\"_ _64\"> </span></span>279 <span class=\"_ _72\"> </span><span class=\"ffc8\">3<span class=\"_ _0\"></span>00 <span class=\"_ _67\"> </span></span><span class=\"ls6d wscb\">1<span class=\"_ _0\"></span>,12<span class=\"_ _0\"></span>2 <span class=\"_ _5e\"> </span></span><span class=\"ffc8\">1,0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span>6,983<span class=\"ffc8 ls3 ws3\"> <span class=\"_ _5e\"> </span>6<span class=\"_ _0\"></span>,01<span class=\"_ _0\"></span>6 <span class=\"_ _a0\"> </span></span><span class=\"lsaa wsd7\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>364<span class=\"ffc8 ls3 ws3\"> <span class=\"_ _6c\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>575 <span class=\"_ _6b\"> </span></span><span class=\"ls83 wsb1\">9<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span> <span class=\"_ _99\"> </span><span class=\"ffc8 lsd0 wsfa\">7,<span class=\"_ _b\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span> </span></span></span>T<span class=\"_ _f\"></span>rade payables <span class=\"_ _3\"></span>and other liabilities <span class=\"_ _3\"></span>are <span class=\"_ _3\"></span>analysed as f<span class=\"_ _3\"></span>ollows<span class=\"_ _351\"> </span>5<span class=\"_ _351\"> </span>:<span class=\"_ _351\"> </span>Financial instruments <span class=\"_ _3\"></span>(note 20):<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>rade payables <span class=\"_ _3\"></span>and similar items<span class=\"_ _213\"> </span><span class=\"ffc7\">5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span> <span class=\"_ _92\"> </span></span><span class=\"ls169 ws198\">4,409<span class=\"_ _351\"> </span></span>Other non-derivative <span class=\"_ _3\"></span>financial liabilities<span class=\"_ _2c8\"> </span><span class=\"ffc7 ls3 ws3\">2<span class=\"_ _0\"></span>,3<span class=\"_ _0\"></span>85 <span class=\"_ _156\"> </span></span><span class=\"ls169 ws198\">2,403<span class=\"_ _f\"></span> </span>Non-financial instruments<span class=\"_ _1a9\"> </span><span class=\"ffc7 ls3 ws3\">1,2<span class=\"_ _0\"></span>23 <span class=\"_ _64\"> </span><span class=\"ffc8\">7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span>9,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>47 <span class=\"_ _99\"> </span><span class=\"ffc8 lsd0 wsfa\">7,<span class=\"_ _b\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span> </span>1<span class=\"_ _351\"> </span>Includes payables <span class=\"_ _3\"></span>due to ITP Aer<span class=\"_ _f\"></span>o that were <span class=\"_ _3\"></span>previously eliminated <span class=\"_ _3\"></span>on consolidation<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Customer concession cr<span class=\"_ _f\"></span>edits are a f<span class=\"_ _3\"></span>orm of discount and <span class=\"_ _3\"></span>are r<span class=\"_ _f\"></span>eported within revenue <span class=\"_ _3\"></span>as set out on <span class=\"_ _3\"></span>page 114<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>During the year<span class=\"_ _32\"></span>, \u00a320m, including \u00a35m <span class=\"_ _3\"></span>in discontinued operations, <span class=\"_ _3\"></span>(2021: \u00a313m) of gov<span class=\"_ _3\"></span>ernment grants wer<span class=\"_ _f\"></span>e released to <span class=\"_ _3\"></span>the income statement<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span>Other payables includes parts purchase obligations, pa<span class=\"_ _3\"></span>yroll liabilities, HM Government UK levies and pay<span class=\"_ _3\"></span>ables associated with business disposals<span class=\"_ _351\"> </span>5<span class=\"_ _351\"> </span>During the <span class=\"_ _3\"></span>year<span class=\"_ _f\"></span>, the <span class=\"_ _3\"></span>classification between <span class=\"_ _3\"></span>financial instruments <span class=\"_ _3\"></span>and non-financia<span class=\"_ _3\"></span>l instruments <span class=\"_ _3\"></span>has been <span class=\"_ _3\"></span>reviewed <span class=\"_ _3\"></span>and r<span class=\"_ _3\"></span>esulted in <span class=\"_ _3\"></span>an incr<span class=\"_ _3\"></span>ease to <span class=\"_ _3\"></span>the 2021 <span class=\"_ _3\"></span>classification of <span class=\"_ _3\"></span>trade pa<span class=\"_ _3\"></span>yables<span class=\"_ _351\"> </span>and other liabilities <span class=\"_ _3\"></span>disclosed as financial <span class=\"_ _3\"></span>instruments of \u00a3364m<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up\u2019s p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th <span class=\"_ _0\"></span>sup<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>var<span class=\"_ _2\"></span>y on <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>sourc<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>comp<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ive <span class=\"_ _0\"></span>glo<span class=\"_ _0\"></span>bal <span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Grou<span class=\"_ _0\"></span>p<span class=\"_ _351\"> </span>op<span class=\"_ _0\"></span>erate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rcial <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>sup<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>\u2019 <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hips<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>ndus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>ave<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>pay<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>ter<span class=\"_ _0\"></span>ms <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>een <span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>-12<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>day<span class=\"_ _0\"></span>s. <span class=\"_ _2\"></span>The<span class=\"_ _0\"></span> Group <span class=\"_ _2\"></span>of<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ms <span class=\"_ _0\"></span>for <span class=\"_ _2\"></span>small<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>sup<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ey <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aid <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>30 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ays<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>In <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ine <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ith <span class=\"_ _2\"></span>aeros<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>indu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ce,<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s a <span class=\"_ _0\"></span>SC<span class=\"_ _0\"></span>F pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mme i<span class=\"_ _0\"></span>n pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ship w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h ba<span class=\"_ _0\"></span>nk<span class=\"_ _0\"></span>s to e<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le s<span class=\"_ _0\"></span>uppl<span class=\"_ _0\"></span>ier<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng j<span class=\"_ _0\"></span>oint <span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>ures<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>ho a<span class=\"_ _0\"></span>re on <span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard 7<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>day<span class=\"_ _0\"></span> paym<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rms <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>eive <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ir <span class=\"_ _0\"></span>pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>r<span class=\"_ _f\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>SCF <span class=\"_ _2\"></span>prog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>ava<span class=\"_ _0\"></span>ila<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>supp<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>at <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>ir <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>cret<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>not <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>right<span class=\"_ _0\"></span>s and obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons wit<span class=\"_ _0\"></span>h suppl<span class=\"_ _0\"></span>ier<span class=\"_ _0\"></span>s nor the timin<span class=\"_ _0\"></span>g of payment to supp<span class=\"_ _0\"></span>lier<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. At 31 <span class=\"_ _3\"></span>De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, suppl<span class=\"_ _0\"></span>ier<span class=\"_ _0\"></span>s had drawn \u00a342<span class=\"_ _0\"></span>2m unde<span class=\"_ _0\"></span>r the<span class=\"_ _351\"> </span>SC<span class=\"_ _0\"></span>F schem<span class=\"_ _0\"></span>e (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a35<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m).<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>20\u2002<span class=\"_ _34\"> </span>Financial\u2002instrum<span class=\"_ _0\"></span>ents<span class=\"_ _351\"> </span>Carrying v<span class=\"_ _f\"></span>alues and <span class=\"_ _3\"></span>fair v<span class=\"_ _3\"></span>alues <span class=\"_ _3\"></span>of financia<span class=\"_ _3\"></span>l instrumen<span class=\"_ _3\"></span>ts<span class=\"_ _351\"> </span>Notes<span class=\"_ _351\"> </span>Ba<span class=\"_ _0\"></span>sis for<span class=\"_ _0\"></span> determi<span class=\"_ _0\"></span>ning<span class=\"_ _351\"> </span>fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>Asset<span class=\"_ _0\"></span>s<span class=\"_ _16e\"> </span>Liabilities<span class=\"_ _11e\"> </span><span class=\"ls241 ws2b2\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span></span>FV<span class=\"_ _0\"></span>PL<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>F<span class=\"_ _0\"></span>VOC<span class=\"_ _0\"></span>I<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Amortised<span class=\"_ _0\"></span>\u2002cost<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>FV<span class=\"_ _0\"></span>PL<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _1a\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>Other non-curr<span class=\"_ _3\"></span>ent asset in<span class=\"_ _3\"></span>vestments<span class=\"_ _2c9\"> </span><span class=\"ffc6 fsb ls21b ws26b\">12<span class=\"_ _c8\"> </span></span><span class=\"ls3 ws3\">A <span class=\"_ _5c\"> </span><span class=\"ffc7\">26 <span class=\"_ _73\"> </span>1<span class=\"_ _0\"></span>0 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _72\"> </span>3<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>rade r<span class=\"_ _3\"></span>eceivables and <span class=\"_ _3\"></span>similar items<span class=\"_ _351\"> </span>14<span class=\"_ _7d\"> </span><span class=\"ffc8 fse ls86 wsb4\">B/C<span class=\"_ _0\"></span> <span class=\"_ _ae\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _86\"> </span>10 <span class=\"_ _cc\"> </span><span class=\"ls6d wscb\">4<span class=\"_ _0\"></span>,137<span class=\"_ _0\"></span> <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _cc\"> </span><span class=\"ls83 wsb1\">4,<span class=\"_ _0\"></span>147<span class=\"_ _0\"></span> </span></span></span>Other non-derivative <span class=\"_ _3\"></span>financial assets<span class=\"_ _2c9\"> </span><span class=\"ffc6 fsb ls54 ws81\">14<span class=\"_ _28f\"> </span></span><span class=\"ls3 ws3\">B <span class=\"_ _2b\"> </span><span class=\"ffc7\">\u2013<span class=\"_ _58\"> </span>\u2013 <span class=\"_ _157\"> </span><span class=\"ls6e ws9b\">7<span class=\"_ _0\"></span>75 <span class=\"_ _84\"> </span></span>\u2013 <span class=\"_ _ae\"> </span>\u2013 <span class=\"_ _157\"> </span><span class=\"ls6e ws9b\">7<span class=\"_ _0\"></span>75<span class=\"_ _351\"> </span></span></span></span>Other assets<span class=\"_ _2ad\"> </span><span class=\"ls3 ws3\">D <span class=\"_ _5c\"> </span><span class=\"ffc7\">35 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _5c\"> </span>35<span class=\"_ _351\"> </span></span></span>Derivative financia<span class=\"_ _3\"></span>l assets<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>C <span class=\"_ _5e\"> </span><span class=\"ffc7\">648 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _ae\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _5e\"> </span>6<span class=\"_ _0\"></span>48<span class=\"_ _351\"> </span></span>Short-term inv<span class=\"_ _3\"></span>estments<span class=\"_ _fc\"> </span><span class=\"ls3 ws3\">B <span class=\"_ _ae\"> </span><span class=\"ffc7\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _85\"> </span>11 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _85\"> </span>11<span class=\"_ _351\"> </span></span></span>Cash and <span class=\"_ _3\"></span>cash equivalents<span class=\"_ _351\"> </span>16<span class=\"_ _c8\"> </span><span class=\"ffc8 fse ls3 ws3\">B <span class=\"_ _72\"> </span><span class=\"ffc7\">3<span class=\"_ _0\"></span>4 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _59\"> </span><span class=\"ls6c ws99\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>573<span class=\"_ _0\"></span> <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _10d\"> </span><span class=\"ls6e ws9b\">2<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>07<span class=\"_ _351\"> </span></span></span></span>Borr<span class=\"_ _3\"></span>owings<span class=\"_ _8a\"> </span><span class=\"ffc6 fsb ls232 ws2a4\">17<span class=\"_ _21\"> </span></span><span class=\"ls6e ws9b\">E/F <span class=\"_ _2b\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _114\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _2\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _114\"> </span>(4<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span>Lease liabilities<span class=\"_ _351\"> </span>17<span class=\"_ _2b\"> </span><span class=\"ffc8 fse ls3 ws3\">G <span class=\"_ _2b\"> </span><span class=\"ffc7\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _10d\"> </span><span class=\"lsa9 wsd6\">(1,84<span class=\"_ _f\"></span>7)<span class=\"_ _9c\"> </span>(1,84<span class=\"_ _3\"></span>7)<span class=\"_ _351\"> </span></span></span></span>Derivative financia<span class=\"_ _3\"></span>l liabilities<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>C <span class=\"_ _ae\"> </span><span class=\"ffc7\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _9b\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _ae\"> </span></span>\u2013 <span class=\"_ _9b\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Financial RRSAs<span class=\"_ _2ca\"> </span><span class=\"ls3 ws3\">H <span class=\"_ _ae\"> </span><span class=\"ffc7\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _67\"> </span><span class=\"ls77 wsa5\">(22)<span class=\"_ _21\"> </span>(22)<span class=\"_ _351\"> </span></span></span></span>Other liabilities<span class=\"_ _2cb\"> </span><span class=\"ls3 ws3\">H <span class=\"_ _ae\"> </span><span class=\"ffc7\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _157\"> </span><span class=\"ls63 ws90\">(10<span class=\"_ _0\"></span>1)<span class=\"_ _68\"> </span>(1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _351\"> </span></span></span></span>C Shar<span class=\"_ _f\"></span>es<span class=\"_ _2aa\"> </span><span class=\"ls3 ws3\">B <span class=\"_ _2b\"> </span><span class=\"ffc7\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _7f\"> </span><span class=\"ls74 wsa2\">(2<span class=\"_ _0\"></span>4)<span class=\"_ _7f\"> </span>(24)<span class=\"_ _351\"> </span></span></span></span>T<span class=\"_ _f\"></span>rade payables <span class=\"_ _3\"></span>and similar items<span class=\"_ _351\"> </span>19<span class=\"_ _c8\"> </span><span class=\"ffc8 fse ls3 ws3\">B <span class=\"_ _2b\"> </span><span class=\"ffc7\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _a5\"> </span><span class=\"ls5c ws8a\">(5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>)<span class=\"_ _b4\"> </span>(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,73<span class=\"_ _0\"></span>9)<span class=\"_ _351\"> </span></span></span></span>Other non-derivative <span class=\"_ _3\"></span>financial liabilities<span class=\"_ _351\"> </span>19<span class=\"_ _c8\"> </span><span class=\"ffc8 fse ls3 ws3\">B <span class=\"_ _2b\"> </span><span class=\"ffc7\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _b4\"> </span><span class=\"lsb5 ws9a\">(2<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5)<span class=\"_ _b4\"> </span>(2<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>85)<span class=\"_ _351\"> </span></span></span></span>Contract <span class=\"_ _3\"></span>liabilities<span class=\"_ _116\"> </span><span class=\"ffc6 fsb ls231 ws2a3\">15<span class=\"_ _28f\"> </span></span><span class=\"ls3 ws3\">B <span class=\"_ _2b\"> </span><span class=\"ffc7\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _56\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>)<span class=\"_ _269\"> </span>(4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></span>74<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _72\"> </span><span class=\"ls3 ws3\">20 <span class=\"_ _ad\"> </span><span class=\"ls85 wsb3\">7,<span class=\"_ _b\"></span>4<span class=\"_ _0\"></span>9<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span> <span class=\"_ _9b\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9)<span class=\"_ _24b\"> </span><span class=\"ls63 ws90\">(14<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>46<span class=\"_ _0\"></span>)<span class=\"_ _14c\"> </span>(1<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span></span></span></span>2021<span class=\"_ _351\"> </span>Other non-curr<span class=\"_ _3\"></span>ent asset in<span class=\"_ _3\"></span>vestments<span class=\"_ _351\"> </span>12<span class=\"_ _c8\"> </span><span class=\"ffc8 fse ls3 ws3\">A <span class=\"_ _72\"> </span>36 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _72\"> </span>36<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>rade r<span class=\"_ _3\"></span>eceivables and <span class=\"_ _3\"></span>similar items<span class=\"_ _351\"> </span>14<span class=\"_ _7d\"> </span><span class=\"ffc8 fse ls86 wsb4\">B/C<span class=\"_ _0\"></span> <span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _1a\"> </span>17 <span class=\"_ _9c\"> </span>3,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>9 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _9c\"> </span><span class=\"lsc2 wsef\">3,466<span class=\"_ _351\"> </span></span></span></span>Other non-derivative <span class=\"_ _3\"></span>financial assets<span class=\"_ _351\"> </span>14<span class=\"_ _c8\"> </span><span class=\"ffc8 fse ls3 ws3\">B <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _124\"> </span><span class=\"ls6e ws9b\">705 <span class=\"_ _84\"> </span></span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _124\"> </span><span class=\"ls6e ws9b\">70<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span>Other assets<span class=\"_ _2ad\"> </span><span class=\"ls3 ws3\">D <span class=\"_ _5c\"> </span>28 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _5c\"> </span>2<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span>Derivative financia<span class=\"_ _3\"></span>l assets<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>C <span class=\"_ _68\"> </span>379 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _68\"> </span>3<span class=\"_ _0\"></span>79<span class=\"_ _351\"> </span>Short-term inv<span class=\"_ _3\"></span>estments<span class=\"_ _fc\"> </span><span class=\"ls3 ws3\">B <span class=\"_ _ae\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _60\"> </span>8 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _60\"> </span>8<span class=\"_ _351\"> </span></span>Cash and <span class=\"_ _3\"></span>cash equivalents<span class=\"_ _351\"> </span>16<span class=\"_ _c8\"> </span><span class=\"ffc8 fse ls3 ws3\">B <span class=\"_ _72\"> </span>49 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _59\"> </span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span>2 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _5a\"> </span>2,<span class=\"_ _0\"></span>62<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span>Borr<span class=\"_ _3\"></span>owings<span class=\"_ _8a\"> </span><span class=\"ffc6 fsb ls232 ws2a4\">17<span class=\"_ _21\"> </span></span><span class=\"ls6e ws9b\">E/F <span class=\"_ _84\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _25\"> </span><span class=\"ls9c wsc9\">(6<span class=\"_ _0\"></span>,032)<span class=\"_ _a4\"> </span>(6,032)<span class=\"_ _351\"> </span></span></span></span>Lease liabilities<span class=\"_ _351\"> </span>17<span class=\"_ _2b\"> </span><span class=\"ffc8 fse ls3 ws3\">G <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _59\"> </span><span class=\"lsce wsf8\">(<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _5d\"> </span>(1<span class=\"_ _2\"></span>,74<span class=\"_ _b\"></span>4)<span class=\"_ _351\"> </span></span></span>Derivative financia<span class=\"_ _3\"></span>l liabilities<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>C <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _a5\"> </span><span class=\"ls64 ws91\">(3,<span class=\"_ _0\"></span>29<span class=\"_ _0\"></span>2)<span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _b4\"> </span><span class=\"ls64 ws91\">(<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>29<span class=\"_ _0\"></span>2)<span class=\"_ _351\"> </span></span>Financial RRSAs<span class=\"_ _2ca\"> </span><span class=\"ls3 ws3\">H <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _72\"> </span><span class=\"ffc6 ls64 ws91\">(12)<span class=\"_ _5c\"> </span>(12)<span class=\"_ _351\"> </span></span></span>Other<span class=\"_ _210\"> </span><span class=\"ls3 ws3\">H <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _7f\"> </span><span class=\"ffc6 ls65 ws92\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5)<span class=\"_ _7f\"> </span>(<span class=\"_ _2\"></span>75)<span class=\"_ _351\"> </span></span></span>C Shar<span class=\"_ _f\"></span>es<span class=\"_ _2aa\"> </span><span class=\"ls3 ws3\">B <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _7f\"> </span><span class=\"ffc6 ls65 ws92\">(2<span class=\"_ _0\"></span>5)<span class=\"_ _21\"> </span>(2<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>rade payables <span class=\"_ _3\"></span>and similar items<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>19<span class=\"_ _c8\"> </span><span class=\"ffc8 fse ls3 ws3\">B <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _9b\"> </span><span class=\"ls169 ws198\">(4,409<span class=\"_ _f\"></span>)<span class=\"_ _9b\"> </span>(4,409<span class=\"_ _f\"></span>)<span class=\"_ _351\"> </span></span></span>Other non-derivative <span class=\"_ _3\"></span>financial liabilities<span class=\"_ _351\"> </span>19<span class=\"_ _c8\"> </span><span class=\"ffc8 fse ls3 ws3\">B <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _25\"> </span><span class=\"ls169 ws198\">(2,40<span class=\"_ _3\"></span>3)<span class=\"_ _a4\"> </span>(<span class=\"_ _3\"></span>2,403<span class=\"_ _3\"></span>)<span class=\"_ _351\"> </span></span></span>Contract <span class=\"_ _3\"></span>liabilities<span class=\"_ _351\"> </span>15<span class=\"_ _c8\"> </span><span class=\"ffc8 fse ls3 ws3\">B <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _56\"> </span><span class=\"ffc6 ls60 ws8d\">(2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _56\"> </span>(2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>492 <span class=\"_ _1a\"> </span>17 <span class=\"_ _1f7\"> </span><span class=\"ls5c ws8a\">6,7<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _b4\"> </span><span class=\"ls64 ws91\">(<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>29<span class=\"_ _0\"></span>2)<span class=\"_ _24b\"> </span><span class=\"ls60 ws8d\">(14<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _114\"> </span><span class=\"ls6b ws98\">(11,<span class=\"_ _0\"></span>013)<span class=\"_ _351\"> </span></span></span></span></span>1<span class=\"_ _351\"> </span>In the <span class=\"_ _3\"></span>event of counterparty default <span class=\"_ _3\"></span>relating <span class=\"_ _3\"></span>to derivative financial <span class=\"_ _3\"></span>assets and liabilities, <span class=\"_ _3\"></span>offsetting would apply <span class=\"_ _3\"></span>and financial assets <span class=\"_ _3\"></span>and liabilities held <span class=\"_ _3\"></span>with the same <span class=\"_ _3\"></span>counterparty would<span class=\"_ _351\"> </span>net off<span class=\"_ _3\"></span>. If this occurr<span class=\"_ _f\"></span>ed with every counterparty<span class=\"_ _f\"></span>, total financial assets would be <span class=\"_ _3\"></span>\u00a38m (2021: nil) and <span class=\"_ _3\"></span>liabilities \u00a33,459m (2021: <span class=\"_ _3\"></span>\u00a32,913m)<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>During the year <span class=\"_ _0\"></span>trade payables and similar <span class=\"_ _0\"></span>items have been <span class=\"_ _0\"></span>analysed in greater detail and <span class=\"_ _0\"></span>consequently have been <span class=\"_ _0\"></span>repr<span class=\"_ _3\"></span>esented to <span class=\"_ _0\"></span>include items previously classified as <span class=\"_ _0\"></span>non-financial<span class=\"_ _351\"> </span>instruments<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>20\u2002<span class=\"_ _c\"> </span>Financial\u2002instruments\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Fair values e<span class=\"_ _0\"></span>quate to bo<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>es for bo<span class=\"_ _0\"></span>th 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 and 202<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>, wi<span class=\"_ _0\"></span>th the fo<span class=\"_ _0\"></span>llow<span class=\"_ _0\"></span>ing excep<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>Ba<span class=\"_ _0\"></span>sis fo<span class=\"_ _0\"></span>r<span class=\"_ _351\"> </span>determining fair<span class=\"_ _351\"> </span>value<span class=\"_ _351\"> </span>2022<span class=\"_ _16c\"> </span><span class=\"ffc6\">2021<span class=\"_ _351\"> </span></span>Bo<span class=\"_ _0\"></span>ok\u2002va<span class=\"_ _0\"></span>lue<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Fair\u2002val<span class=\"_ _0\"></span>ue<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Fair va<span class=\"_ _0\"></span>lue<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Borr<span class=\"_ _3\"></span>owings<span class=\"_ _d1\"> </span><span class=\"ls3 ws3\">E <span class=\"_ _5a\"> </span><span class=\"ffc7 ls68 ws95\">(4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5)<span class=\"_ _a0\"> </span><span class=\"ls60 ws8d\">(3,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>12)<span class=\"_ _cc\"> </span></span></span><span class=\"ls9c wsc9\">(4,038)<span class=\"_ _56\"> </span><span class=\"ls74 wsa2\">(4<span class=\"_ _2\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span></span></span>Borr<span class=\"_ _3\"></span>owings<span class=\"_ _d1\"> </span><span class=\"ls3 ws3\">F <span class=\"_ _2b\"> </span><span class=\"ffc7 ls6d wscb\">(<span class=\"_ _0\"></span>13)<span class=\"_ _2b\"> </span><span class=\"lsb5 ws9a\">(1<span class=\"_ _0\"></span>5)<span class=\"_ _92\"> </span></span></span><span class=\"ls60 ws8d\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>99<span class=\"_ _0\"></span>4)<span class=\"_ _124\"> </span><span class=\"ls64 ws91\">(2,122)<span class=\"_ _351\"> </span></span></span></span>Financial RRSAs<span class=\"_ _2cc\"> </span><span class=\"ls3 ws3\">H <span class=\"_ _7b\"> </span><span class=\"ffc7 ls77 wsa5\">(22)<span class=\"_ _15a\"> </span>(2<span class=\"_ _0\"></span>2)<span class=\"_ _28f\"> </span><span class=\"ffc6 ls64 ws91\">(12)<span class=\"_ _84\"> </span><span class=\"ls6b ws98\">(13)<span class=\"_ _351\"> </span></span></span></span></span>The <span class=\"_ _0\"></span>fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue o<span class=\"_ _0\"></span>f a fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ment <span class=\"_ _0\"></span>is t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce at <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch an <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et c<span class=\"_ _0\"></span>ould <span class=\"_ _0\"></span>be <span class=\"_ _0\"></span>exchan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d, <span class=\"_ _0\"></span>or a <span class=\"_ _0\"></span>lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d, <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en k<span class=\"_ _0\"></span>now<span class=\"_ _0\"></span>led<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span>willing par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies in an arm\u2019<span class=\"_ _3\"></span>s-le<span class=\"_ _0\"></span>ngth tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. There have been no transfers during the year from or to Level <span class=\"_ _3\"></span>3 valuatio<span class=\"_ _0\"></span>n. Fair values have<span class=\"_ _351\"> </span>be<span class=\"_ _0\"></span>en det<span class=\"_ _0\"></span>ermi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d with refe<span class=\"_ _0\"></span>rence to avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le market inf<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on at the bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t date<span class=\"_ _0\"></span>, using the me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s desc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>low.<span class=\"_ _351\"> </span>A<span class=\"_ _351\"> </span>These primarily comprise <span class=\"_ _3\"></span>unconsolidated companies wher<span class=\"_ _3\"></span>e fair value <span class=\"_ _3\"></span>approximates <span class=\"_ _3\"></span>to the book value. <span class=\"_ _3\"></span>Listed investments <span class=\"_ _3\"></span>are valued <span class=\"_ _3\"></span>using Level 1 m<span class=\"_ _3\"></span>ethodology<span class=\"_ _351\"> </span>B<span class=\"_ _351\"> </span>Fair <span class=\"_ _f\"></span>values ar<span class=\"_ _f\"></span>e assumed <span class=\"_ _f\"></span>to appr<span class=\"_ _f\"></span>oximate to <span class=\"_ _f\"></span>cost <span class=\"_ _3\"></span>either <span class=\"_ _3\"></span>due <span class=\"_ _3\"></span>to the <span class=\"_ _f\"></span>short-term <span class=\"_ _3\"></span>maturity of <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>instruments or <span class=\"_ _f\"></span>because <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>interest <span class=\"_ _f\"></span>rate <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>the in<span class=\"_ _3\"></span>vestments <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>reset <span class=\"_ _f\"></span>af<span class=\"_ _0\"></span>ter <span class=\"_ _3\"></span>periods <span class=\"_ _3\"></span>not <span class=\"_ _3\"></span>exceeding<span class=\"_ _351\"> </span>six months. Money <span class=\"_ _3\"></span>market funds ar<span class=\"_ _3\"></span>e valued using <span class=\"_ _3\"></span>Level 1 methodology<span class=\"_ _351\"> </span>C<span class=\"_ _351\"> </span>Fair values <span class=\"_ _3\"></span>of derivative financial assets and liabilities and <span class=\"_ _3\"></span>trade receiv<span class=\"_ _3\"></span>ables held to collect or sell ar<span class=\"_ _3\"></span>e estimated by discounting expected futur<span class=\"_ _f\"></span>e contractual cash \ufb02ows using pr<span class=\"_ _3\"></span>evailing<span class=\"_ _351\"> </span>interest <span class=\"_ _3\"></span>rate curves. <span class=\"_ _3\"></span>For comm<span class=\"_ _3\"></span>odity derivatives, forwar<span class=\"_ _3\"></span>d commodity prices <span class=\"_ _3\"></span>are used <span class=\"_ _3\"></span>to determine e<span class=\"_ _3\"></span>xpected future <span class=\"_ _3\"></span>cash flows. Am<span class=\"_ _3\"></span>ounts denominated in <span class=\"_ _3\"></span>foreign <span class=\"_ _3\"></span>currencies <span class=\"_ _3\"></span>are <span class=\"_ _3\"></span>valued a<span class=\"_ _351\"> </span>the exchange <span class=\"_ _3\"></span>rate pr<span class=\"_ _3\"></span>evailing at the <span class=\"_ _3\"></span>balance sheet date. These <span class=\"_ _3\"></span>financial instruments ar<span class=\"_ _3\"></span>e included on <span class=\"_ _3\"></span>the balance sheet at <span class=\"_ _3\"></span>fair value, derived fr<span class=\"_ _f\"></span>om observable market prices (Lev<span class=\"_ _3\"></span>el 2)<span class=\"_ _351\"> </span>D<span class=\"_ _351\"> </span>Other assets <span class=\"_ _f\"></span>are <span class=\"_ _3\"></span>included on <span class=\"_ _f\"></span>the balance <span class=\"_ _f\"></span>shee<span class=\"_ _0\"></span>t at <span class=\"_ _f\"></span>fair value, <span class=\"_ _f\"></span>derived fr<span class=\"_ _3\"></span>om observable <span class=\"_ _f\"></span>market prices <span class=\"_ _f\"></span>or latest <span class=\"_ _3\"></span>forecast <span class=\"_ _f\"></span>(Level 2/Level <span class=\"_ _f\"></span>3). At <span class=\"_ _f\"></span>31 December <span class=\"_ _3\"></span>2022, Level <span class=\"_ _f\"></span>3 assets <span class=\"_ _3\"></span>totalled <span class=\"_ _3\"></span>\u00a325m<span class=\"_ _351\"> </span>(2021: \u00a315m)<span class=\"_ _351\"> </span>E<span class=\"_ _351\"> </span>Borrowing<span class=\"_ _3\"></span>s ar<span class=\"_ _3\"></span>e carried at <span class=\"_ _3\"></span>amortised cost. <span class=\"_ _3\"></span>Amounts denominated <span class=\"_ _3\"></span>in for<span class=\"_ _3\"></span>eign curr<span class=\"_ _3\"></span>encies ar<span class=\"_ _3\"></span>e valued <span class=\"_ _3\"></span>at the <span class=\"_ _3\"></span>exchange r<span class=\"_ _3\"></span>ate pr<span class=\"_ _3\"></span>evailing at <span class=\"_ _3\"></span>the balance sheet <span class=\"_ _3\"></span>date. The <span class=\"_ _3\"></span>fair value <span class=\"_ _3\"></span>of borr<span class=\"_ _3\"></span>owings<span class=\"_ _351\"> </span>is estimated using <span class=\"_ _3\"></span>quoted prices (Level 1)<span class=\"_ _351\"> </span>F<span class=\"_ _351\"> </span>Borrowing<span class=\"_ _3\"></span>s ar<span class=\"_ _3\"></span>e carried at <span class=\"_ _3\"></span>amortised cost. <span class=\"_ _3\"></span>Amounts denominated <span class=\"_ _3\"></span>in for<span class=\"_ _3\"></span>eign curr<span class=\"_ _3\"></span>encies ar<span class=\"_ _3\"></span>e valued <span class=\"_ _3\"></span>at the <span class=\"_ _3\"></span>exchange r<span class=\"_ _3\"></span>ate pr<span class=\"_ _3\"></span>evailing at <span class=\"_ _3\"></span>the balance sheet <span class=\"_ _3\"></span>date. The <span class=\"_ _3\"></span>fair value <span class=\"_ _3\"></span>of borr<span class=\"_ _3\"></span>owings<span class=\"_ _351\"> </span>is estimated by <span class=\"_ _3\"></span>discounting contractual <span class=\"_ _3\"></span>future cash <span class=\"_ _3\"></span>flows (Level 2)<span class=\"_ _351\"> </span>G<span class=\"_ _351\"> </span>The fair <span class=\"_ _3\"></span>value of <span class=\"_ _3\"></span>lease liabilities <span class=\"_ _3\"></span>are <span class=\"_ _3\"></span>estimated by <span class=\"_ _3\"></span>discounting futur<span class=\"_ _3\"></span>e contr<span class=\"_ _3\"></span>actual cash flows <span class=\"_ _f\"></span>using either the <span class=\"_ _3\"></span>interest <span class=\"_ _3\"></span>rate implicit <span class=\"_ _f\"></span>in the lease <span class=\"_ _3\"></span>or the <span class=\"_ _3\"></span>Group\u2019<span class=\"_ _3\"></span>s incr<span class=\"_ _3\"></span>emental cost <span class=\"_ _3\"></span>of borr<span class=\"_ _3\"></span>owing<span class=\"_ _351\"> </span>(Level 2)<span class=\"_ _351\"> </span>H<span class=\"_ _351\"> </span>The fair value of <span class=\"_ _3\"></span>RRSAs and other liabilities <span class=\"_ _3\"></span>are estimated b<span class=\"_ _3\"></span>y discounting expected futur<span class=\"_ _3\"></span>e cash flows. The <span class=\"_ _3\"></span>contractual cash flows ar<span class=\"_ _f\"></span>e based on future <span class=\"_ _3\"></span>trading activity<span class=\"_ _f\"></span>, which is estimated<span class=\"_ _351\"> </span>based on latest <span class=\"_ _3\"></span>forecasts (L<span class=\"_ _3\"></span>evel 3) <span class=\"_ _117\"> </span>IFRS 13 <span class=\"ffca ws3\">Fair V<span class=\"_ _3\"></span>alue Measurement <span class=\"ffc8 ws4\">defines <span class=\"_ _3\"></span>a three-level <span class=\"_ _3\"></span>valuation hierar<span class=\"_ _3\"></span>chy:</span></span> <span class=\"_ _117\"> </span>Level 1 \u2013 quoted prices <span class=\"_ _3\"></span>for similar instruments; <span class=\"_ _117\"> </span>Level 2 \u2013 dir<span class=\"_ _3\"></span>ectly observable market <span class=\"_ _3\"></span>inputs other than Level <span class=\"_ _3\"></span>1 inputs; and <span class=\"_ _117\"> </span>Level 3 \u2013 inputs not <span class=\"_ _3\"></span>based on observable mark<span class=\"_ _3\"></span>et data.<span class=\"_ _351\"> </span>Carrying v<span class=\"_ _f\"></span>alues of other <span class=\"_ _3\"></span>financial <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>sets and li<span class=\"_ _3\"></span>abilities<span class=\"_ _351\"> </span>Fore<span class=\"_ _0\"></span>ign<span class=\"_ _0\"></span>\u2002exchange\u2002contracts<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Commodit<span class=\"_ _0\"></span>y\u2002contracts<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Interest\u2002rate\u2002contracts\u20021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>\u2002derivatives\u2002\u00a3m<span class=\"_ _351\"> </span>Financial\u2002RRSAs<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>C\u2002Sha<span class=\"_ _0\"></span>res<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>Non-curr<span class=\"_ _3\"></span>ent assets<span class=\"_ _2cd\"> </span><span class=\"ffc7 ls3 ws3\">58 <span class=\"_ _c8\"> </span>2<span class=\"_ _0\"></span>5 <span class=\"_ _83\"> </span>4<span class=\"_ _0\"></span>36 <span class=\"_ _28f\"> </span></span><span class=\"ffc7\">51<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _c8\"> </span>2<span class=\"_ _0\"></span>3 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _86\"> </span>5<span class=\"_ _0\"></span>42<span class=\"_ _351\"> </span></span></span>Curr<span class=\"_ _3\"></span>ent assets<span class=\"_ _e2\"> </span><span class=\"ffc7 ls3 ws3\">87 <span class=\"_ _2b\"> </span>40 <span class=\"_ _d2\"> </span>2 <span class=\"_ _c8\"> </span>129 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _57\"> </span>12 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _ae\"> </span><span class=\"ls74 wsa2\">141<span class=\"_ _0\"></span> </span></span>Assets<span class=\"_ _2ce\"> </span><span class=\"ffc7 ls62 ws8f\">145 <span class=\"_ _84\"> </span><span class=\"ls3 ws3\">6<span class=\"_ _0\"></span>5 <span class=\"_ _73\"> </span>43<span class=\"_ _0\"></span>8 <span class=\"_ _85\"> </span>6<span class=\"_ _0\"></span>48 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _c8\"> </span>35 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _73\"> </span>683<span class=\"_ _351\"> </span></span></span>Curr<span class=\"_ _3\"></span>ent liabilities<span class=\"_ _18\"> </span><span class=\"ffc7 ls63 ws90\">(9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>6)<span class=\"_ _dc\"> </span>(1)<span class=\"_ _bb\"> </span><span class=\"ls77 wsa5\">(2)<span class=\"_ _83\"> </span></span>(9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9)<span class=\"_ _be\"> </span><span class=\"ls6c ws99\">(8)<span class=\"_ _ae\"> </span><span class=\"lsb5 ws9a\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5)<span class=\"_ _85\"> </span><span class=\"ls74 wsa2\">(2<span class=\"_ _0\"></span>4)<span class=\"_ _6b\"> </span></span></span></span>(1,<span class=\"_ _0\"></span>01<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span>Non-curr<span class=\"_ _3\"></span>ent liabilities<span class=\"_ _f4\"> </span><span class=\"ffc7 ls80 wsae\">(3<span class=\"_ _0\"></span>,030)<span class=\"_ _bb\"> </span><span class=\"ls77 wsa5\">(2)<span class=\"_ _1a\"> </span><span class=\"ls63 ws90\">(9<span class=\"_ _0\"></span>8)<span class=\"_ _6c\"> </span><span class=\"ls6d wscb\">(3<span class=\"_ _0\"></span>,13<span class=\"_ _0\"></span>0)<span class=\"_ _2b\"> </span><span class=\"ls74 wsa2\">(14)<span class=\"_ _62\"> </span><span class=\"ls6c ws99\">(86)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _cc\"> </span><span class=\"lsa9 wsd6\">(3,230)<span class=\"_ _351\"> </span></span></span></span></span></span></span></span></span>Liabilities<span class=\"_ _ff\"> </span><span class=\"ffc7 lsa9 wsd6\">(3,996)<span class=\"_ _57\"> </span><span class=\"ls6d wscb\">(3)<span class=\"_ _aa\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>00)<span class=\"_ _87\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9)<span class=\"_ _7b\"> </span><span class=\"ls77 wsa5\">(22)<span class=\"_ _64\"> </span></span></span>(1<span class=\"_ _0\"></span>01)<span class=\"_ _85\"> </span><span class=\"ls74 wsa2\">(2<span class=\"_ _0\"></span>4)<span class=\"_ _2a\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span></span>(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>51)<span class=\"_ _28f\"> </span><span class=\"ls3 ws3\">62 <span class=\"_ _86\"> </span><span class=\"lsaa wsd7\">338 <span class=\"_ _99\"> </span><span class=\"lsa9 wsd6\">(3,45<span class=\"_ _f\"></span>1)<span class=\"_ _15a\"> </span><span class=\"ls77 wsa5\">(22)<span class=\"_ _1a\"> </span><span class=\"ls63 ws90\">(6<span class=\"_ _0\"></span>6)<span class=\"_ _85\"> </span><span class=\"ls74 wsa2\">(2<span class=\"_ _0\"></span>4)<span class=\"_ _2a\"> </span><span class=\"ls6d wscb\">(3,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span></span></span></span></span></span></span>2021<span class=\"_ _351\"> </span>Non-curr<span class=\"_ _3\"></span>ent assets<span class=\"_ _4e\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>59 <span class=\"_ _dc\"> </span>11 <span class=\"_ _85\"> </span><span class=\"ls80 wsae\">176 <span class=\"_ _15a\"> </span></span>34<span class=\"_ _0\"></span>6 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _58\"> </span>1<span class=\"_ _0\"></span>5 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _1a\"> </span>3<span class=\"_ _0\"></span>61<span class=\"_ _351\"> </span></span>Curr<span class=\"_ _3\"></span>ent assets<span class=\"_ _203\"> </span><span class=\"ls3 ws3\">12 <span class=\"_ _be\"> </span>21 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _b6\"> </span>33 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _57\"> </span>13 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _84\"> </span>4<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span>Assets<span class=\"_ _121\"> </span><span class=\"ffc8 ls3 ws3\">17<span class=\"_ _0\"></span>1 <span class=\"_ _75\"> </span><span class=\"ls6b ws98\">32 <span class=\"_ _85\"> </span><span class=\"ls80 wsae\">176 <span class=\"_ _7b\"> </span></span></span>3<span class=\"_ _0\"></span>79 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _28f\"> </span>28 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _83\"> </span><span class=\"ls6e ws9b\">4<span class=\"_ _0\"></span>07<span class=\"_ _351\"> </span></span></span>Curr<span class=\"_ _3\"></span>ent liabilities<span class=\"_ _16d\"> </span><span class=\"ffc6 ls52 wse4\">(629)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _64\"> </span><span class=\"ffc6 ls52 wse4\">(629)<span class=\"_ _57\"> </span><span class=\"lsd4 ws1a5\">(7)<span class=\"_ _85\"> </span><span class=\"ls62 ws8f\">(28)<span class=\"_ _15a\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5)<span class=\"_ _7f\"> </span><span class=\"ls80 wsae\">(6<span class=\"_ _0\"></span>89)<span class=\"_ _351\"> </span></span></span></span></span></span></span>Non-curr<span class=\"_ _3\"></span>ent liabilities<span class=\"_ _f2\"> </span><span class=\"ls80 wsae\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>58<span class=\"_ _0\"></span>1)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _15a\"> </span><span class=\"ffc6 ls62 ws8f\">(82)<span class=\"_ _5e\"> </span></span><span class=\"ls6b ws98\">(2<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3)<span class=\"_ _1b5\"> </span><span class=\"ffc6 ls65 ws92\">(5)<span class=\"_ _7b\"> </span><span class=\"ls74 wsa2\">(47<span class=\"_ _0\"></span>)<span class=\"_ _19\"> </span></span></span></span>\u2013 <span class=\"_ _5e\"> </span></span></span>(2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span>Liabilities<span class=\"_ _2cf\"> </span><span class=\"ls66 ws93\">(3,210)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _85\"> </span><span class=\"ffc6 ls62 ws8f\">(82)<span class=\"_ _124\"> </span></span><span class=\"ls64 ws91\">(3,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>92)<span class=\"_ _28f\"> </span><span class=\"ffc6\">(12)<span class=\"_ _85\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _2\"></span>75)<span class=\"_ _15a\"> </span>(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5)<span class=\"_ _cc\"> </span></span></span><span class=\"ls169 ws198\">(3,404<span class=\"_ _f\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>(3,039)<span class=\"_ _c8\"> </span><span class=\"ls6b ws98\">32 <span class=\"_ _84\"> </span><span class=\"ls3 ws3\">9<span class=\"_ _0\"></span>4 <span class=\"_ _99\"> </span></span>(<span class=\"_ _0\"></span>2,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>13)<span class=\"_ _28f\"> </span><span class=\"ffc6 ls64 ws91\">(12)<span class=\"_ _15a\"> </span><span class=\"ls74 wsa2\">(4 7<span class=\"_ _2\"></span>)<span class=\"_ _15a\"> </span><span class=\"ls65 ws92\">(2<span class=\"_ _0\"></span>5)<span class=\"_ _6e\"> </span></span></span></span><span class=\"ls3 ws3\">(2,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>97<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>1 <span class=\"_ _1\"> </span> Includes the f<span class=\"_ _3\"></span>oreign e<span class=\"_ _3\"></span>xchange impact of <span class=\"_ _3\"></span>cross-curr<span class=\"_ _3\"></span>ency interest <span class=\"_ _3\"></span>rate swaps<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>20\u2002<span class=\"_ _c\"> </span>Financial\u2002instruments\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Deriva<span class=\"_ _3\"></span>tive <span class=\"_ _3\"></span>financial <span class=\"_ _3\"></span>instruments<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> sw<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>s to ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e it<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> to move<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> in th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> of com<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> (j<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span> fue<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> and<span class=\"_ _0\"></span> bas<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>s)<span class=\"_ _0\"></span>. T<span class=\"_ _f\"></span>o<span class=\"_ _0\"></span> he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y ris<span class=\"_ _0\"></span>k as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>orrow<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>eno<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>forei<span class=\"_ _0\"></span>gn <span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y, th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrenc<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ives <span class=\"_ _2\"></span>desi<span class=\"_ _0\"></span>gnate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>fai<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span> hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e Group uses inte<span class=\"_ _0\"></span>rest rate sw<span class=\"_ _0\"></span>aps and for<span class=\"_ _2\"></span>ward rate agre<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to manage it<span class=\"_ _0\"></span>s expos<span class=\"_ _0\"></span>ure to <span class=\"_ _3\"></span>move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts in interes<span class=\"_ _0\"></span>t rates<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Move<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in the fai<span class=\"_ _0\"></span>r value<span class=\"_ _0\"></span>s of deriv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive finan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es were as follo<span class=\"_ _0\"></span>ws:<span class=\"_ _351\"> </span>Forei<span class=\"_ _0\"></span>gn\u2002exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>\u2002instruments<span class=\"_ _124\"> </span>Commodit<span class=\"_ _0\"></span>y\u2002instruments<span class=\"_ _351\"> </span>Interest\u2002rate\u2002instrument<span class=\"_ _0\"></span>s\u2002<span class=\"ffc7 ls3 ws3\"> </span>\u2013\u2002he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e\u2002acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted\u20021<span class=\"_ _351\"> </span>Interest\u2002rate\u2002instrument<span class=\"_ _0\"></span>s\u2002<span class=\"ffc7 ls3 ws3\"> </span>-\u2002non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e\u2002acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted<span class=\"_ _75\"> </span><span class=\"ls241 ws2b2\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _351\"> </span></span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January<span class=\"_ _14\"> </span><span class=\"ffc7 ls80 wsae\">(3<span class=\"_ _0\"></span>,039)<span class=\"_ _a4\"> </span></span><span class=\"lsd4 ws1a5\">(2,8<span class=\"_ _3\"></span>71)<span class=\"_ _7d\"> </span><span class=\"ffc7 ls60 ws8d\">32 <span class=\"_ _67\"> </span><span class=\"ffc6 ls80 wsae\">(11)<span class=\"_ _61\"> </span></span><span class=\"ls6c ws99\">57<span class=\"_ _124\"> </span></span></span><span class=\"ls3 ws3\">233 <span class=\"_ _61\"> </span><span class=\"ffc7 ls62 ws8f\">37 <span class=\"_ _124\"> </span><span class=\"ffc6 ls72 wsa0\">(57<span class=\"_ _0\"></span>)<span class=\"_ _9b\"> </span></span><span class=\"ls6d wscb\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>3)<span class=\"_ _152\"> </span></span></span><span class=\"ls5c ws8a\">(2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span></span></span>Movements in <span class=\"_ _3\"></span>fair value<span class=\"_ _351\"> </span>hedges <span class=\"_ _110\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _1a\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _6f\"> </span></span>\u2013 <span class=\"_ _1a\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _124\"> </span></span><span class=\"ls9f wscd\">(<span class=\"_ _2\"></span>74)<span class=\"_ _95\"> </span><span class=\"ffc6 ls6b ws98\">(14<span class=\"_ _0\"></span>3)<span class=\"_ _26\"> </span></span></span>\u2013 <span class=\"_ _1a\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _124\"> </span></span><span class=\"ls9f wscd\">(<span class=\"_ _2\"></span>74)<span class=\"_ _95\"> </span><span class=\"ffc6 ls6b ws98\">(14<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span></span></span>Movements in <span class=\"_ _3\"></span>cash flow<span class=\"_ _351\"> </span>hedges<span class=\"_ _166\"> </span><span class=\"ffc7 ls60 ws8d\">(5<span class=\"_ _0\"></span>6)<span class=\"_ _99\"> </span><span class=\"ffc6 ls6b ws98\">(13)<span class=\"_ _26\"> </span></span><span class=\"ls3 ws3\">\u2013<span class=\"_ _7b\"> </span><span class=\"ffc8\">4<span class=\"_ _99\"> </span></span><span class=\"ls62 ws8f\">142 <span class=\"_ _72\"> </span></span><span class=\"ffc6\">(2)<span class=\"_ _26\"> </span></span>\u2013<span class=\"_ _ae\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _6c\"> </span></span>8<span class=\"_ _0\"></span>6 <span class=\"_ _67\"> </span><span class=\"ffc6 ls80 wsae\">(1<span class=\"_ _0\"></span>1)<span class=\"_ _351\"> </span></span></span></span>Movements in <span class=\"_ _3\"></span>other<span class=\"_ _351\"> </span>derivative contr<span class=\"_ _3\"></span>acts<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5)<span class=\"_ _2a\"> </span><span class=\"ffc6 ls80 wsae\">(681)<span class=\"_ _92\"> </span></span><span class=\"ls3 ws3\">10<span class=\"_ _0\"></span>6<span class=\"_ _aa\"> </span><span class=\"ffc8\">63 <span class=\"_ _26\"> </span></span>\u2013 <span class=\"_ _1a\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _56\"> </span></span>1<span class=\"_ _0\"></span>90 <span class=\"_ _6c\"> </span><span class=\"ffc8\">8<span class=\"_ _0\"></span>0 <span class=\"_ _9b\"> </span></span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>579<span class=\"_ _0\"></span>)<span class=\"_ _5d\"> </span><span class=\"ffc6 ls62 ws8f\">(5<span class=\"_ _0\"></span>38)<span class=\"_ _351\"> </span></span></span></span>Contracts <span class=\"_ _3\"></span>settled<span class=\"_ _21a\"> </span><span class=\"ffc7 ls3 ws3\">1,119 <span class=\"_ _95\"> </span><span class=\"ffc8\">5<span class=\"_ _0\"></span>38 <span class=\"_ _5e\"> </span></span><span class=\"ls73 wsa1\">(<span class=\"_ _0\"></span>76)<span class=\"_ _aa\"> </span><span class=\"ffc6 ls80 wsae\">(9)<span class=\"_ _26\"> </span></span></span>\u2013<span class=\"_ _aa\"> </span><span class=\"ffc6 ls73 wsa1\">(31<span class=\"_ _0\"></span>)<span class=\"_ _6c\"> </span></span><span class=\"ls74 wsa2\">(1<span class=\"_ _0\"></span>4)<span class=\"_ _aa\"> </span></span><span class=\"ffc8\">14<span class=\"_ _1f7\"> </span></span>1<span class=\"_ _0\"></span>,029 <span class=\"_ _124\"> </span></span><span class=\"ls74 wsa2\">512<span class=\"_ _351\"> </span></span>Reclassification to <span class=\"_ _3\"></span>held<span class=\"_ _351\"> </span>for sale<span class=\"_ _e3\"> </span><span class=\"ffc7 ls3 ws3\">\u2013<span class=\"_ _aa\"> </span><span class=\"ffc6 ls64 ws91\">(12)<span class=\"_ _26\"> </span></span>\u2013<span class=\"_ _aa\"> </span><span class=\"ffc6 ls65 ws92\">(1<span class=\"_ _0\"></span>5)<span class=\"_ _26\"> </span></span>\u2013 <span class=\"_ _1a\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _6f\"> </span></span>\u2013 <span class=\"_ _1a\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _26\"> </span></span>\u2013<span class=\"_ _61\"> </span><span class=\"ffc6\">(27<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December<span class=\"_ _2d0\"> </span><span class=\"ffc7\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>51)<span class=\"_ _24b\"> </span></span><span class=\"ls9c wsc9\">(3,039)<span class=\"_ _7d\"> </span><span class=\"ffc7 ls3 ws3\">62 <span class=\"_ _61\"> </span></span><span class=\"ls6b ws98\">32 <span class=\"_ _6b\"> </span><span class=\"ffc7 ls3 ws3\">125 <span class=\"_ _7f\"> </span><span class=\"ffc8\">57 <span class=\"_ _6b\"> </span></span><span class=\"ls6e ws9b\">213 <span class=\"_ _7f\"> </span></span><span class=\"ffc8\">37 <span class=\"_ _9b\"> </span></span><span class=\"lsa9 wsd6\">(3,45<span class=\"_ _3\"></span>1)<span class=\"_ _9b\"> </span><span class=\"ffc8 ls6b ws98\">(2,<span class=\"_ _0\"></span>91<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span></span></span></span></span>1<span class=\"_ _351\"> </span>Includes the f<span class=\"_ _3\"></span>oreign e<span class=\"_ _3\"></span>xchange impact of <span class=\"_ _3\"></span>cross-curr<span class=\"_ _3\"></span>ency interest <span class=\"_ _3\"></span>rate swaps<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Included in net <span class=\"_ _3\"></span>financing<span class=\"_ _351\"> </span>Financial <span class=\"_ _3\"></span>RRS<span class=\"_ _3\"></span>As and other <span class=\"_ _3\"></span>financial <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>sets and <span class=\"_ _3\"></span>liabilities<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>aris<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>RR<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s. <span class=\"_ _2\"></span>The<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>eac<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>date <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>sing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _351\"> </span>amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d. Thi<span class=\"_ _0\"></span>s involve<span class=\"_ _0\"></span>s calcul<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g the pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e of the fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st ca<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s of the arra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s using th<span class=\"_ _0\"></span>e inter<span class=\"_ _0\"></span>nal rate<span class=\"_ _0\"></span> of retur<span class=\"_ _0\"></span>n at the incep<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s as the disco<span class=\"_ _0\"></span>unt rate<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Move<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in the ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing val<span class=\"_ _0\"></span>ues were as foll<span class=\"_ _0\"></span>ows<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial\u2002R<span class=\"_ _0\"></span>RS<span class=\"_ _0\"></span>As<span class=\"_ _21a\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r\u2002\u2013\u2002ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _219\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r\u2002\u2013\u2002lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January<span class=\"_ _da\"> </span><span class=\"ffc7 ls63 ws90\">(12<span class=\"_ _0\"></span>)<span class=\"_ _2b\"> </span><span class=\"ffc6 ls80 wsae\">(81)<span class=\"_ _57\"> </span></span><span class=\"ls3 ws3\">15 <span class=\"_ _57\"> </span><span class=\"ffc8\">1<span class=\"_ _0\"></span>5 <span class=\"_ _15a\"> </span></span><span class=\"lsb5 ws9a\">(<span class=\"_ _0\"></span>75)<span class=\"_ _15a\"> </span><span class=\"ffc6 ls6b ws98\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span></span></span></span>Exchange adjustments <span class=\"_ _3\"></span>included in OCI<span class=\"_ _2d1\"> </span><span class=\"ffc7 ls77 wsa5\">(2)<span class=\"_ _e7\"> </span></span><span class=\"ls3 ws3\">4<span class=\"_ _bf\"> </span><span class=\"ffc7\">2 <span class=\"_ _d2\"> </span></span>\u2013<span class=\"_ _65\"> </span><span class=\"ffc7 ls68 ws95\">(4)<span class=\"_ _65\"> </span></span>4<span class=\"_ _351\"> </span></span>Additions<span class=\"_ _7a\"> </span><span class=\"ffc7 ls63 ws90\">(6)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013<span class=\"_ _19\"> </span><span class=\"ffc7\">11 <span class=\"_ _19\"> </span></span>\u2013<span class=\"_ _28f\"> </span><span class=\"ffc7 lsb5 ws9a\">(3<span class=\"_ _0\"></span>5)<span class=\"_ _57\"> </span><span class=\"ffc6 ls80 wsae\">(9<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span>Financing charge<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _65\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _1b5\"> </span></span><span class=\"ls68 ws95\">(4)<span class=\"_ _c4\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _351\"> </span></span></span>Excluded fr<span class=\"_ _f\"></span>om underlying pr<span class=\"_ _3\"></span>ofit/(loss):<span class=\"_ _351\"> </span>Changes in <span class=\"_ _3\"></span>forecast <span class=\"_ _3\"></span>payments<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(7)<span class=\"_ _57\"> </span><span class=\"ffc6 lsd4 ws1a5\">(7)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span>Cash paid<span class=\"_ _2d2\"> </span><span class=\"ffc7 ls3 ws3\">5 <span class=\"_ _65\"> </span><span class=\"ffc8\">3 <span class=\"_ _1b5\"> </span></span><span class=\"ls6d wscb\">(3)<span class=\"_ _d2\"> </span></span><span class=\"ffc8\">\u2013<span class=\"_ _f4\"> </span></span>8 <span class=\"_ _65\"> </span><span class=\"ffc8\">3<span class=\"_ _351\"> </span></span></span>Other<span class=\"_ _2d3\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _65\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _c4\"> </span></span>9 <span class=\"_ _17e\"> </span><span class=\"ffc8\">1<span class=\"_ _351\"> </span></span></span>Reclassification to <span class=\"_ _3\"></span>assets held for <span class=\"_ _3\"></span>sale<span class=\"_ _f6\"> </span><span class=\"ffc7 ls3 ws3\">\u2013<span class=\"_ _58\"> </span><span class=\"ffc8\">6<span class=\"_ _0\"></span>9<span class=\"_ _bf\"> </span></span>\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December<span class=\"_ _2d4\"> </span><span class=\"ffc7 ls77 wsa5\">(22)<span class=\"_ _28f\"> </span><span class=\"ffc6 ls64 ws91\">(12)<span class=\"_ _28f\"> </span></span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>5 <span class=\"_ _57\"> </span><span class=\"ffc8\">1<span class=\"_ _0\"></span>5 <span class=\"_ _64\"> </span></span><span class=\"ls63 ws90\">(10<span class=\"_ _0\"></span>1)<span class=\"_ _85\"> </span><span class=\"ffc6 ls65 ws92\">(<span class=\"_ _2\"></span>75)<span class=\"_ _351\"> </span></span></span></span></span>1<span class=\"_ _351\"> </span>Included in finan<span class=\"_ _3\"></span>cing<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>20\u2002<span class=\"_ _c\"> </span>Financial\u2002instruments\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Effect of hedging ins<span class=\"_ _3\"></span>truments on <span class=\"_ _3\"></span>the financia<span class=\"_ _3\"></span>l position a<span class=\"_ _3\"></span>nd performance<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>o<span class=\"_ _0\"></span> manag<span class=\"_ _0\"></span>e the ris<span class=\"_ _0\"></span>k of chang<span class=\"_ _0\"></span>es in the fai<span class=\"_ _0\"></span>r valu<span class=\"_ _0\"></span>es of fixed<span class=\"_ _0\"></span> rate bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s (the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed ite<span class=\"_ _0\"></span>ms), th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s entere<span class=\"_ _0\"></span>d into fixe<span class=\"_ _0\"></span>d-<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>-fl<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> interes<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>ra<span class=\"_ _0\"></span>te <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>waps <span class=\"_ _3\"></span>(the <span class=\"_ _3\"></span>he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g <span class=\"_ _f\"></span>ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts), <span class=\"_ _3\"></span>which<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span>purp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>are <span class=\"_ _3\"></span>desi<span class=\"_ _0\"></span>gnate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>as <span class=\"_ _3\"></span>fai<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>valu<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s on the financia<span class=\"_ _0\"></span>l posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and per<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e of the Group is as follows<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>He<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed\u2002i<span class=\"_ _0\"></span>tem\u20021<span class=\"_ _351\"> </span>He<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ing\u2002i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt\u20022<span class=\"_ _351\"> </span>Nominal<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>FV<span class=\"_ _351\"> </span>adjustment\u2002in\u2002t<span class=\"_ _0\"></span>he\u2002period<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>FV<span class=\"_ _351\"> </span>adjustment\u2002since\u2002inception<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Carrying\u2002amount<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Nominal<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Carrying\u2002amount\u2002asset<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Carrying\u2002amount\u2002liability<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>FV<span class=\"_ _351\"> </span>movement\u2002in\u2002t<span class=\"_ _0\"></span>he\u2002period<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Hedge\u2002ineffect-<span class=\"_ _351\"> </span>iveness\u2002in\u2002t<span class=\"_ _0\"></span>he\u2002period<span class=\"_ _3\"></span>\u20023<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Wei<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2002average\u2002FX\u2002ra<span class=\"_ _0\"></span>te<span class=\"_ _351\"> </span>Wei<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2002average\u2002interest\u2002rate<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>Sterling <span class=\"_ _1c\"> </span><span class=\"ffc7 lsb5 ws9a\">(<span class=\"_ _0\"></span>37<span class=\"_ _0\"></span>5)<span class=\"_ _a0\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>3 <span class=\"_ _6b\"> </span>2<span class=\"_ _0\"></span>4 <span class=\"_ _59\"> </span></span></span><span class=\"ffc7\">(3<span class=\"_ _0\"></span>51)<span class=\"_ _6a\"> </span><span class=\"ls6e ws9b\">3<span class=\"_ _0\"></span>75 <span class=\"_ _71\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _95\"> </span><span class=\"ls74 wsa2\">(24)<span class=\"_ _2a\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _2\"></span>3)<span class=\"_ _aa\"> </span></span></span>\u2013 <span class=\"_ _9c\"> </span>1<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span></span></span>SON<span class=\"_ _0\"></span>IA\u2002+<span class=\"_ _0\"></span>\u20020.8<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span>USD<span class=\"_ _e2\"> </span><span class=\"ffc7 ls63 ws90\">(658)<span class=\"_ _2a\"> </span><span class=\"ls77 wsa5\">(20)<span class=\"_ _1f7\"> </span><span class=\"ls6d wscb\">(14<span class=\"_ _0\"></span>3)<span class=\"_ _10d\"> </span><span class=\"ls6c ws99\">(80<span class=\"_ _0\"></span>1)<span class=\"_ _1f7\"> </span><span class=\"ls3 ws3\">65<span class=\"_ _0\"></span>8 <span class=\"_ _cc\"> </span><span class=\"ls6e ws9b\">13<span class=\"_ _0\"></span>4 <span class=\"_ _71\"> </span></span>\u2013 <span class=\"_ _81\"> </span>1<span class=\"_ _0\"></span>8 <span class=\"_ _99\"> </span></span></span></span>(2)<span class=\"_ _5d\"> </span><span class=\"ls6c ws99\">1.<span class=\"_ _0\"></span>52<span class=\"_ _351\"> </span></span></span></span>SON<span class=\"_ _0\"></span>IA\u2002+<span class=\"_ _0\"></span>\u20021<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span> Eur<span class=\"_ _3\"></span>o<span class=\"_ _16e\"> </span><span class=\"ffc7 ls63 ws90\">(9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8)<span class=\"_ _a0\"> </span><span class=\"ls3 ws3\">49 <span class=\"_ _5e\"> </span><span class=\"ls6c ws99\">52 <span class=\"_ _10d\"> </span></span></span>(9<span class=\"_ _0\"></span>16)<span class=\"_ _1f7\"> </span><span class=\"ls3 ws3\">968 <span class=\"_ _71\"> </span>\u2013 <span class=\"_ _95\"> </span><span class=\"ls60 ws8d\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2)<span class=\"_ _87\"> </span><span class=\"ls7b wsaa\">(51)<span class=\"_ _99\"> </span><span class=\"ls77 wsa5\">(2)<span class=\"_ _5a\"> </span><span class=\"ls6d wscb\">1<span class=\"_ _0\"></span>.14<span class=\"_ _0\"></span> </span></span></span></span></span></span>SON<span class=\"_ _0\"></span>IA\u2002+<span class=\"_ _0\"></span>\u20020.92<span class=\"_ _351\"> </span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _351\"> </span>Sterling<span class=\"_ _47\"> </span><span class=\"ffc6 ls9c wsc9\">(375)<span class=\"_ _6b\"> </span></span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>7 <span class=\"_ _87\"> </span><span class=\"ffc6 ls6e ws9b\">(19)<span class=\"_ _10b\"> </span><span class=\"ls60 ws8d\">(<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>4)<span class=\"_ _74\"> </span></span></span>375 <span class=\"_ _81\"> </span>1<span class=\"_ _0\"></span>9 <span class=\"_ _71\"> </span>\u2013 <span class=\"_ _95\"> </span><span class=\"ffc6\">(2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _71\"> </span></span>\u2013 <span class=\"_ _10d\"> </span>1.0<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span>SO<span class=\"_ _0\"></span>NI<span class=\"_ _0\"></span>A +<span class=\"_ _351\"> </span>0.<span class=\"_ _0\"></span>89<span class=\"_ _351\"> </span>USD<span class=\"_ _e2\"> </span><span class=\"ls80 wsae\">(658)<span class=\"_ _81\"> </span><span class=\"ffc8 ls3 ws3\">1<span class=\"_ _0\"></span>9 <span class=\"_ _5d\"> </span></span><span class=\"ls65 ws92\">(12<span class=\"_ _0\"></span>5)<span class=\"_ _5d\"> </span></span>(78<span class=\"_ _0\"></span>1)<span class=\"_ _1f7\"> </span><span class=\"ffc8 ls3 ws3\">6<span class=\"_ _0\"></span>58 <span class=\"_ _92\"> </span>116 <span class=\"_ _72\"> </span>\u2013 <span class=\"_ _2a\"> </span></span>(20)<span class=\"_ _67\"> </span>(1)<span class=\"_ _5d\"> </span><span class=\"ffc8 ls7b wsaa\">1.<span class=\"_ _0\"></span>52<span class=\"_ _351\"> </span></span></span>SO<span class=\"_ _0\"></span>NI<span class=\"_ _0\"></span>A +<span class=\"_ _351\"> </span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>47<span class=\"_ _351\"> </span>Eur<span class=\"_ _3\"></span>o<span class=\"_ _16e\"> </span><span class=\"ls80 wsae\">(9<span class=\"_ _0\"></span>68)<span class=\"_ _157\"> </span><span class=\"ffc8 ls3 ws3\">91 <span class=\"_ _83\"> </span>1 <span class=\"_ _10b\"> </span></span><span class=\"ls65 ws92\">(96<span class=\"_ _0\"></span>5)<span class=\"_ _1f7\"> </span><span class=\"ffc8 ls3 ws3\">96<span class=\"_ _0\"></span>8 <span class=\"_ _71\"> </span>\u2013 <span class=\"_ _156\"> </span></span></span>(2<span class=\"_ _0\"></span>1)<span class=\"_ _5a\"> </span>(9<span class=\"_ _0\"></span>0)<span class=\"_ _73\"> </span><span class=\"ffc8 ls3 ws3\">1 <span class=\"_ _2a\"> </span><span class=\"ls7b wsaa\">1.14<span class=\"_ _351\"> </span></span></span></span>SO<span class=\"_ _0\"></span>NI<span class=\"_ _0\"></span>A +<span class=\"_ _351\"> </span>0.92<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>Hedged items ar<span class=\"_ _3\"></span>e included in <span class=\"_ _3\"></span>borrowings <span class=\"_ _3\"></span>in the balance sheet<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Hedging instruments ar<span class=\"_ _f\"></span>e included in other financial <span class=\"_ _3\"></span>assets or liabilities in <span class=\"_ _3\"></span>the balance sheet<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>Hedge ineffectiveness <span class=\"_ _3\"></span>is included in net <span class=\"_ _3\"></span>financing in the income <span class=\"_ _3\"></span>statement<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>o <span class=\"_ _2\"></span>mana<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fore<span class=\"_ _0\"></span>ign <span class=\"_ _0\"></span>excha<span class=\"_ _0\"></span>nge <span class=\"_ _2\"></span>rate <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sk <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>fixe<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>BP <span class=\"_ _2\"></span>bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs <span class=\"_ _0\"></span>(t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tems), <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ered<span class=\"_ _0\"></span> into <span class=\"_ _3\"></span>fixed-to<span class=\"_ _0\"></span>-fixed cross-currency <span class=\"_ _3\"></span>interest ra<span class=\"_ _3\"></span>te swaps (<span class=\"_ _3\"></span>the hedging instruments) to<span class=\"_ _3\"></span> hedge the cash <span class=\"_ _3\"></span>flows into<span class=\"_ _3\"></span> GBP<span class=\"_ _f\"></span>, which, for <span class=\"_ _3\"></span>accounting<span class=\"_ _351\"> </span>purp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, are desig<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d as cash flow he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Durin<span class=\"_ _0\"></span>g the year to <span class=\"_ _3\"></span>31 Decem<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>, the Group entere<span class=\"_ _0\"></span>d into deal contingent for<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ards with a nominal amount of \u20ac1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0m to manage the<span class=\"_ _0\"></span> forei<span class=\"_ _0\"></span>gn <span class=\"_ _0\"></span>excha<span class=\"_ _0\"></span>nge <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isk <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>Euro <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>eds <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>from <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>TP <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>ero <span class=\"_ _0\"></span>(h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>m). <span class=\"_ _0\"></span>The<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>desi<span class=\"_ _0\"></span>gnat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>fl<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>:<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>A<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _b\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> item <span class=\"_ _32\"></span>and <span class=\"_ _f\"></span>the <span class=\"_ _32\"></span>he<span class=\"_ _0\"></span>dging <span class=\"_ _32\"></span>instrument <span class=\"_ _f\"></span>is <span class=\"_ _32\"></span>verified<span class=\"_ _0\"></span>. <span class=\"_ _32\"></span>B<span class=\"_ _0\"></span>oth <span class=\"_ _f\"></span>the <span class=\"_ _32\"></span>sp<span class=\"_ _0\"></span>ot <span class=\"_ _32\"></span>component <span class=\"_ _f\"></span>and <span class=\"_ _32\"></span>the <span class=\"_ _f\"></span>contingent <span class=\"_ _32\"></span>element <span class=\"_ _f\"></span>were<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>designated <span class=\"_ _32\"></span>as <span class=\"_ _f\"></span>the <span class=\"_ _32\"></span>he<span class=\"_ _0\"></span>dging <span class=\"_ _32\"></span>instrument.<span class=\"_ _0\"></span> At de<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>ese <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>ad a f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>(5<span class=\"_ _0\"></span>6)<span class=\"_ _0\"></span>m, <span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>he we<span class=\"_ _0\"></span>ighte<span class=\"_ _0\"></span>d ave<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e forei<span class=\"_ _0\"></span>gn exch<span class=\"_ _0\"></span>ange <span class=\"_ _0\"></span>rate <span class=\"_ _0\"></span>of 1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. \u00a3<span class=\"_ _0\"></span>52m w<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>\u00a3<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _2\"></span>(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>)<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve). There was <span class=\"_ _3\"></span>ine<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vene<span class=\"_ _0\"></span>ss of <span class=\"_ _f\"></span>\u00a3<span class=\"_ _0\"></span>4m recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in <span class=\"_ _f\"></span>n<span class=\"_ _0\"></span>et financing durin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>yea<span class=\"_ _0\"></span>r<span class=\"_ _f\"></span>. The for<span class=\"_ _0\"></span>ward elem<span class=\"_ _0\"></span>ent and <span class=\"_ _3\"></span>bas<span class=\"_ _0\"></span>is were <span class=\"_ _f\"></span>exc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d from<span class=\"_ _351\"> </span>the he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent desi<span class=\"_ _0\"></span>gnat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n and separ<span class=\"_ _0\"></span>atel<span class=\"_ _0\"></span>y account<span class=\"_ _0\"></span>ed for in the equit<span class=\"_ _2\"></span>y reser<span class=\"_ _0\"></span>ve for cos<span class=\"_ _0\"></span>t of hedgin<span class=\"_ _0\"></span>g.<span class=\"_ _351\"> </span>The imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of cash flow hed<span class=\"_ _0\"></span>ges on the finan<span class=\"_ _0\"></span>cial po<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion and p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce of the Grou<span class=\"_ _0\"></span>p is as <span class=\"_ _3\"></span>fol<span class=\"_ _0\"></span>lows<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>Hedged\u2002item\u2002<span class=\"_ _7c\"> </span><span class=\"ls22a ws233\">H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g\u2002ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t\u2002</span>1<span class=\"_ _351\"> </span>Hedging\u2002reserves<span class=\"_ _351\"> </span>Nominal<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>FV<span class=\"_ _351\"> </span>movement\u2002in\u2002t<span class=\"_ _0\"></span>he\u2002period<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Nominal<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Carrying\u2002amount\u2002asset/<span class=\"_ _351\"> </span>(liability)<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>FV<span class=\"_ _351\"> </span>movement\u2002in\u2002t<span class=\"_ _0\"></span>he\u2002period<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Hedge\u2002ineffect-<span class=\"_ _351\"> </span>iveness\u2002in\u2002t<span class=\"_ _0\"></span>he\u2002period\u2002\u00a3m<span class=\"_ _351\"> </span>Wei<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2002average\u2002FX\u2002ra<span class=\"_ _0\"></span>te<span class=\"_ _351\"> </span>Wei<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2002average\u2002interest\u2002rate<span class=\"_ _351\"> </span>Amount\u2002recognised\u2002in\u2002O<span class=\"_ _0\"></span>CI<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Recycled\u2002to\u2002ne<span class=\"_ _0\"></span>t\u2002financing<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Closing\u2002cas<span class=\"_ _0\"></span>h\u2002fl<span class=\"_ _0\"></span>ow\u2002hedge\u2002rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>USD<span class=\"_ _168\"> </span><span class=\"ffc7 ls60 ws8d\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2)<span class=\"_ _9c\"> </span><span class=\"ls74 wsa2\">(1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4)<span class=\"_ _154\"> </span><span class=\"ls3 ws3\">77<span class=\"_ _0\"></span>2 <span class=\"_ _a0\"> </span>8<span class=\"_ _0\"></span>9 <span class=\"_ _74\"> </span>10<span class=\"_ _0\"></span>9 <span class=\"_ _aa\"> </span>5 <span class=\"_ _1f7\"> </span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9 <span class=\"_ _114\"> </span>5<span class=\"_ _0\"></span>.3<span class=\"_ _0\"></span>3 <span class=\"_ _269\"> </span>(111)<span class=\"_ _92\"> </span><span class=\"ls15b ws189\">96<span class=\"_ _6b\"> </span><span class=\"lsb5 ws9a\">(2<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span></span></span></span>Eur<span class=\"_ _3\"></span>o<span class=\"_ _16a\"> </span><span class=\"ffc7 ls63 ws90\">(67<span class=\"_ _2\"></span>7)<span class=\"_ _6e\"> </span><span class=\"lsb5 ws9a\">(3<span class=\"_ _0\"></span>5)<span class=\"_ _5d\"> </span><span class=\"ls3 ws3\">6<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>7 <span class=\"_ _99\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>)<span class=\"_ _156\"> </span></span>35 <span class=\"_ _71\"> </span>\u2013 <span class=\"_ _56\"> </span>1.11 <span class=\"_ _114\"> </span>5.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5 <span class=\"_ _95\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>7)<span class=\"_ _6b\"> </span></span>28 <span class=\"_ _6c\"> </span></span></span>(9)<span class=\"_ _351\"> </span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _351\"> </span>USD<span class=\"_ _168\"> </span><span class=\"ls64 ws91\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2)<span class=\"_ _2a\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5)<span class=\"_ _154\"> </span><span class=\"ffc8 ls3 ws3\">7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2 <span class=\"_ _2a\"> </span></span><span class=\"ls80 wsae\">(20)<span class=\"_ _156\"> </span><span class=\"ffc8 ls3 ws3\">3<span class=\"_ _0\"></span>5 <span class=\"_ _71\"> </span>\u2013 <span class=\"_ _59\"> </span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>29 <span class=\"_ _10f\"> </span><span class=\"lsa9 wsd6\">5.33<span class=\"_ _a0\"> </span></span></span>(3<span class=\"_ _0\"></span>6)<span class=\"_ _124\"> </span><span class=\"ffc8 ls3 ws3\">1<span class=\"_ _0\"></span>0 <span class=\"_ _92\"> </span></span>(10)<span class=\"_ _351\"> </span></span></span></span>Eur<span class=\"_ _3\"></span>o<span class=\"_ _16a\"> </span><span class=\"ls80 wsae\">(67<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _6b\"> </span><span class=\"ffc8 ls6b ws98\">32 <span class=\"_ _6a\"> </span><span class=\"ls3 ws3\">6<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>7 <span class=\"_ _95\"> </span></span></span><span class=\"ls9c wsc9\">(37)<span class=\"_ _95\"> </span><span class=\"ls6b ws98\">(32)<span class=\"_ _67\"> </span></span></span>(1)<span class=\"_ _92\"> </span><span class=\"ffc8 ls7b wsaa\">1<span class=\"_ _0\"></span>.11 <span class=\"_ _10f\"> </span><span class=\"ls15b ws189\">5.45<span class=\"_ _157\"> </span><span class=\"ls3 ws3\">39 <span class=\"_ _156\"> </span></span></span></span><span class=\"ls74 wsa2\">(51<span class=\"_ _0\"></span>)<span class=\"_ _92\"> </span></span>(10)<span class=\"_ _351\"> </span></span>1<span class=\"_ _351\"> </span>Hedging instruments ar<span class=\"_ _f\"></span>e included in other financial <span class=\"_ _3\"></span>assets or liabilities in <span class=\"_ _3\"></span>the balance sheet<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>20\u2002<span class=\"_ _c\"> </span>Financial\u2002instruments\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Risk ma<span class=\"_ _3\"></span>nagement policies <span class=\"_ _3\"></span>and hedging activities<span class=\"_ _351\"> </span>Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>l fin<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> to whi<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span> is exp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> are:<span class=\"_ _0\"></span> fore<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span> cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span> exch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>; li<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>;<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t ri<span class=\"_ _0\"></span>sk<span class=\"_ _2\"></span>; int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> rat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> risk<span class=\"_ _0\"></span>; and com<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>ice risk<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Boa<span class=\"_ _0\"></span>rd has approve<span class=\"_ _0\"></span>d pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s for the mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent of the<span class=\"_ _0\"></span>se risk<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Foreign\u2002curren<span class=\"_ _0\"></span>cy\u2002exchange\u2002rate\u2002risk\u2002<span class=\"ffc8 ls173 wsf9\">\u2013 Th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s si<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> US<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> by th<span class=\"_ _0\"></span>e eu<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> </span>c<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>To<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> curren<span class=\"_ _0\"></span>cy <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>flow<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>o a<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o m<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ain <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>able <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m f<span class=\"_ _0\"></span>orei<span class=\"_ _0\"></span>gn exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ates <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Grou<span class=\"_ _0\"></span>p e<span class=\"_ _0\"></span>nters <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>o<span class=\"_ _351\"> </span>der<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> Dur<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>yea<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ard <span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>proved <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>revis<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>X <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cy <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ducin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>rizon <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>yea<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ars<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _35\"></span><span class=\"ls3 ws3\"> </span>eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>lly hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s its GB<span class=\"_ _0\"></span>P/USD exp<span class=\"_ _0\"></span>osure by forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g highly proba<span class=\"_ _0\"></span>ble net U<span class=\"_ _0\"></span>SD recei<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>s up to <span class=\"_ _3\"></span>five years for<span class=\"_ _2\"></span>ward<span class=\"_ _0\"></span>. Hed<span class=\"_ _0\"></span>ges are taken<span class=\"_ _0\"></span> out <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin <span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>imum <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>imum <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>X <span class=\"_ _0\"></span>Po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y. <span class=\"_ _0\"></span>T<span class=\"_ _f\"></span>ra<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ok <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _351\"> </span>the level<span class=\"_ _0\"></span>s state<span class=\"_ _0\"></span>d with the new pol<span class=\"_ _0\"></span>icy will be comple<span class=\"_ _0\"></span>ted in the near term<span class=\"_ _0\"></span>. The maximum and minimum polic<span class=\"_ _0\"></span>y bands decli<span class=\"_ _0\"></span>ne gradually over<span class=\"_ _351\"> </span>the <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>rizo<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>erce<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e. <span class=\"_ _0\"></span>A <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>imil<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cy <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>ope<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up\u2019s <span class=\"_ _0\"></span>EU<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>/U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D<span class=\"_ _351\"> </span>exp<span class=\"_ _0\"></span>osure. For acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>ese de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s are not desi<span class=\"_ _0\"></span>gnate<span class=\"_ _0\"></span>d in hedg<span class=\"_ _0\"></span>ing rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ips<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ls<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sures <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>EU<span class=\"_ _0\"></span>R <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D <span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>omin<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>fixe<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>rate <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>mana<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sures <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es<span class=\"_ _351\"> </span>in v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>s of <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>forei<span class=\"_ _0\"></span>gn cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cy <span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>entere<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>nto fi<span class=\"_ _0\"></span>xed<span class=\"_ _0\"></span>-to<span class=\"_ _0\"></span>-fi<span class=\"_ _0\"></span>xed <span class=\"_ _0\"></span>cros<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>ncy <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>wap<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span>, fo<span class=\"_ _0\"></span>r<span class=\"_ _351\"> </span>acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>The <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>wap<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>ave <span class=\"_ _0\"></span>simil<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>cri<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cal <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rms <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>item<span class=\"_ _0\"></span>s, <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span> exchang<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>ates <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>eref<span class=\"_ _0\"></span>ore, <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ere is <span class=\"_ _0\"></span>an e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hip a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>o is <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>hed <span class=\"_ _0\"></span>as 1<span class=\"_ _0\"></span>:1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Possi<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>urces <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vene<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>in t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>dge <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>ship <span class=\"_ _0\"></span>are c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>cred<span class=\"_ _0\"></span>it <span class=\"_ _0\"></span>risk <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate<span class=\"_ _351\"> </span>sw<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>. An<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er po<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>e of ine<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s wou<span class=\"_ _0\"></span>ld b<span class=\"_ _0\"></span>e if the<span class=\"_ _0\"></span> not<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l of the b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs is le<span class=\"_ _0\"></span>ss th<span class=\"_ _0\"></span>an th<span class=\"_ _0\"></span>e not<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al of th<span class=\"_ _0\"></span>e der<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>, for<span class=\"_ _0\"></span> examp<span class=\"_ _0\"></span>le, in the eve<span class=\"_ _0\"></span>nt of a <span class=\"_ _3\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ial repay<span class=\"_ _0\"></span>ment of he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d debt p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r to its matu<span class=\"_ _0\"></span>rit<span class=\"_ _2\"></span>y.<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>Group <span class=\"_ _2\"></span>rega<span class=\"_ _0\"></span>rds <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nteres<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>comp<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>lon<span class=\"_ _0\"></span>g-te<span class=\"_ _0\"></span>rm <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>aim<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>osures by matchin<span class=\"_ _0\"></span>g the curre<span class=\"_ _0\"></span>ncie<span class=\"_ _0\"></span>s of asset<span class=\"_ _0\"></span>s and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Liquidit<span class=\"_ _0\"></span>y\u2002<span class=\"_ _3\"></span>risk\u2002<span class=\"ffc8 lsce ws18c\">\u2013 <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>\u2019s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>y is<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o ho<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> fin<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> inv<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d ma<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aw<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>d fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> at a <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l su<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </span>that th<span class=\"_ _3\"></span>e Group<span class=\"_ _3\"></span> has a<span class=\"_ _3\"></span>vailable<span class=\"_ _3\"></span> funds<span class=\"_ _3\"></span> to meet<span class=\"_ _3\"></span> its medium-<span class=\"_ _3\"></span>term capital<span class=\"_ _3\"></span> and f<span class=\"_ _3\"></span>unding<span class=\"_ _3\"></span> obligations<span class=\"_ _3\"></span> and to<span class=\"_ _3\"></span> meet an<span class=\"_ _3\"></span>y un<span class=\"_ _3\"></span>foreseen<span class=\"_ _3\"></span> obligations<span class=\"_ _3\"></span> and<span class=\"_ _351\"> </span>opp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tuni<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>The <span class=\"_ _3\"></span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _f\"></span>hol<span class=\"_ _0\"></span>ds <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _f\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-term <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>w<span class=\"_ _0\"></span>hich<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>to<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>un<span class=\"_ _0\"></span>drawn <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>ommi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _351\"> </span>to manag<span class=\"_ _0\"></span>e its li<span class=\"_ _0\"></span>quidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y risk<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Credit\u2002risk\u2002<span class=\"ffc8 ws9a\">\u2013 <span class=\"_ _3\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>Gro<span class=\"_ _0\"></span>up is <span class=\"_ _f\"></span>exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed to <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>risk to <span class=\"_ _3\"></span>the exte<span class=\"_ _0\"></span>nt <span class=\"_ _3\"></span>of non-<span class=\"_ _0\"></span>pay<span class=\"_ _0\"></span>ment by <span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>her its custom<span class=\"_ _0\"></span>ers or <span class=\"_ _3\"></span>the counte<span class=\"_ _0\"></span>rpa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>ts financi<span class=\"_ _0\"></span>al<span class=\"_ _351\"> </span></span>ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>ito<span class=\"_ _0\"></span>ring <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>lli<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>dit <span class=\"_ _2\"></span>risk <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>key <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nent <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up\u2019s <span class=\"_ _0\"></span>risk <span class=\"_ _2\"></span>mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>oth <span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>ding <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sures<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Cre<span class=\"_ _0\"></span>dit <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>from <span class=\"_ _2\"></span>trea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>a<span class=\"_ _351\"> </span>central treasur<span class=\"_ _0\"></span>y function in accordance with the <span class=\"_ _3\"></span>Group credit policy. <span class=\"_ _3\"></span>The objec<span class=\"_ _0\"></span>tive of the policy is <span class=\"_ _3\"></span>to diversif<span class=\"_ _0\"></span>y and <span class=\"_ _3\"></span>minimise the Group\u2019<span class=\"_ _3\"></span>s<span class=\"_ _351\"> </span>exp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e to credi<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k from<span class=\"_ _0\"></span> its<span class=\"_ _0\"></span> trea<span class=\"_ _0\"></span>sur<span class=\"_ _2\"></span>y ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es by ens<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p tra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> str<span class=\"_ _0\"></span>ic<span class=\"_ _2\"></span>tl<span class=\"_ _0\"></span>y wit<span class=\"_ _0\"></span>h \u2018<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>\u2019 or hig<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r rat<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> finan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span> bas<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>ish<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>fina<span class=\"_ _0\"></span>ncial <span class=\"_ _2\"></span>ins<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. <span class=\"_ _2\"></span>At <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ance <span class=\"_ _2\"></span>she<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ere <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ere <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ncen<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span> risk <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>rpa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up\u2019s <span class=\"_ _0\"></span>revenu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>nera<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>ers <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>acros<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>mult<span class=\"_ _0\"></span>ipl<span class=\"_ _0\"></span>e g<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>phi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span> locations <span class=\"_ _0\"></span>(see <span class=\"_ _0\"></span>note 2<span class=\"_ _0\"></span>). T<span class=\"_ _0\"></span>hese <span class=\"_ _0\"></span>customers are <span class=\"_ _0\"></span>typic<span class=\"_ _0\"></span>ally: <span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>framers and <span class=\"_ _0\"></span>airline <span class=\"_ _0\"></span>operators <span class=\"_ _0\"></span>relating to <span class=\"_ _0\"></span>Civil <span class=\"_ _0\"></span>Aerospace; government defence<span class=\"_ _351\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> US<span class=\"_ _2\"></span>; an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> mu<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> sm<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> Po<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r Sy<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>W<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> Ci<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> Aero<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d De<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span>y are<span class=\"_ _0\"></span> spre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> var<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>s ge<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> lo<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>um ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e to cre<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span> ris<span class=\"_ _0\"></span>k at th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>she<span class=\"_ _0\"></span>et date is repres<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d by the car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>e of each financ<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive finan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Interest\u2002rate\u2002<span class=\"_ _f\"></span>risk\u2002<span class=\"ffc8 lsb7 wsfa\">\u2013 Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> (f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>)<span class=\"_ _2\"></span>, flo<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> </span>and cash and <span class=\"_ _3\"></span>cash equivalent<span class=\"_ _0\"></span>s (cash flow <span class=\"_ _3\"></span>risk). Interest rate derivatives are <span class=\"_ _3\"></span>used to manage the ov<span class=\"_ _3\"></span>erall interest rate <span class=\"_ _3\"></span>profile of the Group.<span class=\"_ _351\"> </span>The fixed or floating rate interest rate decision on long-term bo<span class=\"_ _0\"></span>rrowings is determined for each new agreement at the point it <span class=\"_ _3\"></span>is entered<span class=\"_ _351\"> </span>into.<span class=\"_ _3\"></span> The aggr<span class=\"_ _3\"></span>egate <span class=\"_ _3\"></span>inter<span class=\"_ _3\"></span>est rate<span class=\"_ _3\"></span> position <span class=\"_ _3\"></span>of the <span class=\"_ _3\"></span>Group i<span class=\"_ _3\"></span>s re<span class=\"_ _3\"></span>viewed r<span class=\"_ _3\"></span>egularly a<span class=\"_ _3\"></span>nd can be<span class=\"_ _3\"></span> revised<span class=\"_ _3\"></span> at an<span class=\"_ _3\"></span>y time<span class=\"_ _3\"></span> in o<span class=\"_ _3\"></span>rder t<span class=\"_ _3\"></span>o react<span class=\"_ _3\"></span> to ch<span class=\"_ _3\"></span>anges<span class=\"_ _351\"> </span>in market co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns or circumst<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span> als<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s to th<span class=\"_ _0\"></span>e fa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span> val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f no<span class=\"_ _0\"></span>n-<span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span> fina<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s suc<span class=\"_ _0\"></span>h as EU<span class=\"_ _0\"></span>R<span class=\"_ _2\"></span>, GB<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span> and<span class=\"_ _0\"></span> US<span class=\"_ _0\"></span>D fixe<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> rat<span class=\"_ _0\"></span>e bo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>gs<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> T<span class=\"_ _f\"></span>o <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isk <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ges <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fai<span class=\"_ _0\"></span>r v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>s e<span class=\"_ _0\"></span>ntere<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>into <span class=\"_ _0\"></span>fixe<span class=\"_ _0\"></span>d-<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>-flo<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>waps <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>cross<span class=\"_ _0\"></span>-cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span> interes<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>wap<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>for <span class=\"_ _2\"></span>acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>purp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>des<span class=\"_ _0\"></span>ignat<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _2\"></span>he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>wap<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>simil<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rms <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>ems<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>uch a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e ref<span class=\"_ _0\"></span>eren<span class=\"_ _0\"></span>ce ra<span class=\"_ _0\"></span>te, <span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, n<span class=\"_ _0\"></span>oti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>ates <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>matu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>eref<span class=\"_ _0\"></span>ore, <span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>re is <span class=\"_ _0\"></span>an e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c<span class=\"_ _351\"> </span>relati<span class=\"_ _0\"></span>onship and the hedge rati<span class=\"_ _0\"></span>o is establish<span class=\"_ _0\"></span>ed as 1:1<span class=\"_ _0\"></span>. Possible sources of inef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tiven<span class=\"_ _0\"></span>ess in the fair value hedge relati<span class=\"_ _0\"></span>onship are changes<span class=\"_ _351\"> </span>in the credi<span class=\"_ _0\"></span>t risk of eit<span class=\"_ _0\"></span>her pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to the inte<span class=\"_ _0\"></span>rest rat<span class=\"_ _0\"></span>e swap and<span class=\"_ _0\"></span>, for cross<span class=\"_ _0\"></span>-c<span class=\"_ _0\"></span>urren<span class=\"_ _0\"></span>cy inte<span class=\"_ _0\"></span>rest rat<span class=\"_ _0\"></span>e swap<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, the cross-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cy bas<span class=\"_ _0\"></span>is risk as this<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> he<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> so<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> than th<span class=\"_ _0\"></span>e not<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al of the der<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve, for examp<span class=\"_ _0\"></span>le in the event of a par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ial repay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of hedg<span class=\"_ _0\"></span>ed deb<span class=\"_ _0\"></span>t prio<span class=\"_ _0\"></span>r to its mat<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>fl<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _b\"></span>. <span class=\"_ _3\"></span>To<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>fl<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _351\"> </span>to-fixed in<span class=\"_ _3\"></span>terest<span class=\"_ _3\"></span> rate swa<span class=\"_ _3\"></span>ps to h<span class=\"_ _3\"></span>edge a pr<span class=\"_ _3\"></span>opor<span class=\"_ _0\"></span>tion of its floati<span class=\"_ _3\"></span>ng rate<span class=\"_ _3\"></span> exposur<span class=\"_ _3\"></span>e to<span class=\"_ _3\"></span> fixed rat<span class=\"_ _3\"></span>es. The swaps<span class=\"_ _3\"></span> have<span class=\"_ _3\"></span> similar<span class=\"_ _3\"></span> critical t<span class=\"_ _3\"></span>erms to<span class=\"_ _3\"></span> the<span class=\"_ _351\"> </span>floa<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g leg of <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>wap<span class=\"_ _0\"></span>s that form par<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>of the fair value hedge<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, such <span class=\"_ _3\"></span>as the reference rate, reset dates<span class=\"_ _0\"></span>, noti<span class=\"_ _0\"></span>onal amoun<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, payme<span class=\"_ _0\"></span>nt dates and<span class=\"_ _351\"> </span>matu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. For account<span class=\"_ _0\"></span>ing pu<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>ese de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s are gene<span class=\"_ _0\"></span>rall<span class=\"_ _0\"></span>y not desi<span class=\"_ _0\"></span>gnate<span class=\"_ _0\"></span>d as hed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Commo<span class=\"_ _0\"></span>dity\u2002price\u2002risk\u2002<span class=\"_ _3\"></span><span class=\"ffc8 ls86 wse6\">\u2013 Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p has<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s to the<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e of je<span class=\"_ _0\"></span>t fue<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> and ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e met<span class=\"_ _2\"></span>al<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>m bus<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. T<span class=\"_ _f\"></span>o<span class=\"_ _0\"></span> mini<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e it<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </span>cash flow expo<span class=\"_ _0\"></span>sures to changes in commodit<span class=\"_ _0\"></span>y pric<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, the Group enters into derivat<span class=\"_ _0\"></span>ive commo<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. The commodi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hedging<span class=\"_ _0\"></span> p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>F<span class=\"_ _2\"></span>X<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _b\"></span>a<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>F<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, the<span class=\"_ _0\"></span>se de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are gener<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y not design<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d in hedgi<span class=\"_ _0\"></span>ng rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>ps<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r\u2002<span class=\"_ _0\"></span>pric<span class=\"_ _0\"></span>e\u2002<span class=\"_ _0\"></span>risk\u2002<span class=\"_ _0\"></span><span class=\"ffc8 ws9a\">\u2013 T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s ca<span class=\"_ _0\"></span>sh e<span class=\"_ _0\"></span>quiv<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>nt ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ces <span class=\"_ _0\"></span>repre<span class=\"_ _0\"></span>sent <span class=\"_ _0\"></span>inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>ey-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a te<span class=\"_ _0\"></span>rm <span class=\"_ _0\"></span>of up <span class=\"_ _0\"></span>to t<span class=\"_ _0\"></span>hree<span class=\"_ _0\"></span> </span>mon<span class=\"_ _0\"></span>ths<span class=\"_ _0\"></span>. The Gro<span class=\"_ _0\"></span>up does not con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>r that the<span class=\"_ _0\"></span>se are subjec<span class=\"_ _0\"></span>t to signifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt price ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>20\u2002<span class=\"_ _c\"> </span>Financial\u2002instruments\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Deriva<span class=\"_ _3\"></span>tive <span class=\"_ _3\"></span>financial <span class=\"_ _3\"></span>instruments<span class=\"_ _351\"> </span>The no<span class=\"_ _0\"></span>minal amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, analy<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d by year of expec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d matu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y, and fair valu<span class=\"_ _0\"></span>es of deri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tive fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>Nominal<span class=\"_ _351\"> </span>amount<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d\u2002mat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _130\"> </span>Fair\u2002valu<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>Within<span class=\"_ _351\"> </span>one\u2002ye<span class=\"_ _0\"></span>ar<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en<span class=\"_ _351\"> </span>one\u2002a<span class=\"_ _0\"></span>nd<span class=\"_ _351\"> </span>tw<span class=\"_ _0\"></span>o\u2002years<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en<span class=\"_ _351\"> </span>tw<span class=\"_ _0\"></span>o\u2002and<span class=\"_ _351\"> </span>fi<span class=\"_ _0\"></span>ve\u2002year<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>After<span class=\"_ _351\"> </span>fi<span class=\"_ _0\"></span>ve\u2002year<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Asset<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Liabilities<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>For<span class=\"_ _f\"></span>eign exchange <span class=\"_ _3\"></span>contracts:<span class=\"_ _351\"> </span>Non-hedge accounted<span class=\"_ _279\"> </span><span class=\"ffc7 ls3 ws3\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4 <span class=\"_ _a0\"> </span><span class=\"ls62 ws8f\">9,<span class=\"_ _0\"></span>539 <span class=\"_ _124\"> </span><span class=\"ls95 wsc2\">4<span class=\"_ _0\"></span>,180 <span class=\"_ _92\"> </span></span></span>8<span class=\"_ _0\"></span>,8<span class=\"_ _0\"></span>98 <span class=\"_ _26\"> </span>22<span class=\"_ _0\"></span>7 <span class=\"_ _62\"> </span><span class=\"ls62 ws8f\">145 <span class=\"_ _5a\"> </span><span class=\"lsa9 wsd6\">(3,996<span class=\"_ _351\"> </span></span></span></span>Inter<span class=\"_ _3\"></span>est rate <span class=\"_ _3\"></span>contracts:<span class=\"_ _351\"> </span>Fair <span class=\"_ _3\"></span>value hedges<span class=\"_ _fa\"> </span><span class=\"ffc7 ls3 ws3\">2,0<span class=\"_ _0\"></span>01 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _73\"> </span>48<span class=\"_ _0\"></span>4 <span class=\"_ _68\"> </span><span class=\"ls80 wsae\">1<span class=\"_ _0\"></span>,033 <span class=\"_ _73\"> </span></span>4<span class=\"_ _0\"></span>84 <span class=\"_ _62\"> </span><span class=\"ls6e ws9b\">135 <span class=\"_ _85\"> </span><span class=\"ls63 ws90\">(9<span class=\"_ _0\"></span>7)<span class=\"_ _351\"> </span></span></span></span>Cash flow h<span class=\"_ _3\"></span>edges<span class=\"_ _1f1\"> </span><span class=\"ffc7 ls3 ws3\">1<span class=\"_ _0\"></span>,4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>9 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _124\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>49 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _84\"> </span>89 <span class=\"_ _b6\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _351\"> </span></span></span>Non-hedge accounted<span class=\"_ _203\"> </span><span class=\"ffc7 ls3 ws3\">2<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>01 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _73\"> </span>48<span class=\"_ _0\"></span>4 <span class=\"_ _68\"> </span><span class=\"ls80 wsae\">1<span class=\"_ _0\"></span>,03<span class=\"_ _0\"></span>3 <span class=\"_ _73\"> </span></span>484 <span class=\"_ _85\"> </span><span class=\"ls62 ws8f\">214 <span class=\"_ _c4\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _351\"> </span></span></span></span>Commodity contracts:<span class=\"_ _351\"> </span>Non-hedge accounted<span class=\"_ _2d5\"> </span><span class=\"ffc7 ls3 ws3\">219 <span class=\"_ _c8\"> </span>97 <span class=\"_ _c8\"> </span>79 <span class=\"_ _28f\"> </span>4<span class=\"_ _0\"></span>3 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _84\"> </span>65 <span class=\"_ _bb\"> </span><span class=\"ls6d wscb\">(3)<span class=\"_ _351\"> </span></span></span>28<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>514<span class=\"_ _0\"></span> <span class=\"_ _87\"> </span><span class=\"lsaa wsd7\">9,636 <span class=\"_ _124\"> </span><span class=\"ls3 ws3\">5,<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>7 <span class=\"_ _cc\"> </span>12,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>56 <span class=\"_ _61\"> </span><span class=\"ls6d wscb\">1<span class=\"_ _0\"></span>,19<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> <span class=\"_ _83\"> </span></span>64<span class=\"_ _0\"></span>8 <span class=\"_ _154\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>9)<span class=\"_ _351\"> </span></span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _351\"> </span>For<span class=\"_ _f\"></span>eign exchange <span class=\"_ _3\"></span>contracts:<span class=\"_ _351\"> </span>Non-hedge accounted<span class=\"_ _16e\"> </span>2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _156\"> </span><span class=\"ls3 ws3\">6,<span class=\"_ _0\"></span>97<span class=\"_ _0\"></span>5 <span class=\"_ _157\"> </span><span class=\"ls75 wsa3\">8,139 <span class=\"_ _6b\"> </span><span class=\"ls63 ws90\">12,<span class=\"_ _2\"></span>47<span class=\"_ _0\"></span>1 <span class=\"_ _67\"> </span><span class=\"ls7b wsaa\">1,1<span class=\"_ _0\"></span>82 <span class=\"_ _84\"> </span></span></span></span>171 <span class=\"_ _87\"> </span><span class=\"ls66 ws93\">(3,210<span class=\"_ _351\"> </span></span></span>Inter<span class=\"_ _3\"></span>est rate <span class=\"_ _3\"></span>contracts:<span class=\"_ _351\"> </span>Fair <span class=\"_ _3\"></span>value hedges<span class=\"_ _fa\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>01 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _67\"> </span><span class=\"ls74 wsa2\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>7 <span class=\"_ _73\"> </span></span>48<span class=\"_ _0\"></span>4 <span class=\"_ _62\"> </span>13<span class=\"_ _0\"></span>5 <span class=\"_ _84\"> </span><span class=\"ffc6 ls80 wsae\">(<span class=\"_ _0\"></span>21)<span class=\"_ _351\"> </span></span></span>Cash flow h<span class=\"_ _3\"></span>edges<span class=\"_ _dd\"> </span><span class=\"ls3 ws3\">1,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>9 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _86\"> </span>67<span class=\"_ _2\"></span>7 <span class=\"_ _6f\"> </span>7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _85\"> </span><span class=\"ffc6 ls72 wsa0\">(57<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Non-hedge accounted<span class=\"_ _ff\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>01 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _67\"> </span><span class=\"ls74 wsa2\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>7 <span class=\"_ _73\"> </span></span>48<span class=\"_ _0\"></span>4 <span class=\"_ _be\"> </span><span class=\"ls6c ws99\">41 <span class=\"_ _bb\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _351\"> </span></span></span></span>Commodity contracts:<span class=\"_ _351\"> </span>Non-hedge accounted<span class=\"_ _110\"> </span><span class=\"ls3 ws3\">17<span class=\"_ _0\"></span>9 <span class=\"_ _84\"> </span>85 <span class=\"_ _ae\"> </span>60 <span class=\"_ _28f\"> </span>3<span class=\"_ _0\"></span>4 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _c8\"> </span><span class=\"ls6b ws98\">32 <span class=\"_ _19\"> </span></span>\u2013<span class=\"_ _351\"> </span></span>34<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>397 <span class=\"_ _a0\"> </span><span class=\"lsd0 wsfa\">7,<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span> <span class=\"_ _68\"> </span><span class=\"ls7b wsaa\">8<span class=\"_ _0\"></span>,19<span class=\"_ _0\"></span>9 <span class=\"_ _92\"> </span><span class=\"ls66 ws93\">16,216 <span class=\"_ _5e\"> </span></span></span></span>2,<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span>2 <span class=\"_ _86\"> </span>37<span class=\"_ _0\"></span>9 <span class=\"_ _6e\"> </span><span class=\"ls64 ws91\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>292)<span class=\"_ _351\"> </span></span>As <span class=\"_ _2\"></span>des<span class=\"_ _0\"></span>cri<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bove<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive <span class=\"_ _2\"></span>fina<span class=\"_ _0\"></span>ncial <span class=\"_ _2\"></span>ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>ente<span class=\"_ _0\"></span>red <span class=\"_ _2\"></span>into <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isk <span class=\"_ _2\"></span>mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>alt<span class=\"_ _0\"></span>hou<span class=\"_ _0\"></span>gh <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ay <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>b<span class=\"_ _351\"> </span>desi<span class=\"_ _0\"></span>gnat<span class=\"_ _0\"></span>ed into he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g relat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>nship<span class=\"_ _0\"></span>s for accoun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g purp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Curr<span class=\"_ _3\"></span>ency anal<span class=\"_ _f\"></span>ysis<span class=\"_ _351\"> </span>Foreign excha<span class=\"_ _0\"></span>nge con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s are den<span class=\"_ _0\"></span>omin<span class=\"_ _0\"></span>ated in th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing curre<span class=\"_ _0\"></span>ncie<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>No<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>al\u2002am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t\u2002of\u2002cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>es\u2002pu<span class=\"_ _0\"></span>rcha<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d\u2002fo<span class=\"_ _0\"></span>rw<span class=\"_ _0\"></span>ard<span class=\"_ _351\"> </span>Sterling<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>USD<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Euro<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>Curr<span class=\"_ _3\"></span>encies sold forw<span class=\"_ _3\"></span>ard:<span class=\"_ _351\"> </span>Sterling<span class=\"_ _20c\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _157\"> </span><span class=\"ls60 ws8d\">4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>321<span class=\"_ _0\"></span> <span class=\"_ _84\"> </span></span>4<span class=\"_ _0\"></span>5 <span class=\"_ _1a\"> </span><span class=\"ls62 ws8f\">146 <span class=\"_ _6c\"> </span></span></span><span class=\"ffc7\">4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span>USD<span class=\"_ _299\"> </span><span class=\"ffc7 ls3 ws3\">16<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>6 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _6c\"> </span><span class=\"ls6c ws99\">1,<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span>8 <span class=\"_ _64\"> </span></span>253 <span class=\"_ _2a\"> </span><span class=\"ls6e ws9b\">18,07<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span></span>Eur<span class=\"_ _3\"></span>o<span class=\"_ _259\"> </span><span class=\"ffc7 ls3 ws3\">3<span class=\"_ _0\"></span>0 <span class=\"_ _6f\"> </span>160 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _2b\"> </span>4<span class=\"_ _0\"></span>0 <span class=\"_ _83\"> </span>2<span class=\"_ _0\"></span>30<span class=\"_ _351\"> </span></span>Other<span class=\"_ _2d6\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _e7\"> </span>8 <span class=\"_ _1b5\"> </span>17 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _c8\"> </span>2<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _351\"> </span>Curr<span class=\"_ _3\"></span>encies sold forw<span class=\"_ _3\"></span>ard:<span class=\"_ _351\"> </span>Sterling<span class=\"_ _20c\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _5e\"> </span><span class=\"ls63 ws90\">5,<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>9 <span class=\"_ _19\"> </span></span>\u2013 <span class=\"_ _83\"> </span>250 <span class=\"_ _124\"> </span><span class=\"lsc2 wsef\">5,<span class=\"_ _3\"></span>729<span class=\"_ _351\"> </span></span></span>USD<span class=\"_ _25f\"> </span><span class=\"ffc8 ls3 ws3\">19,<span class=\"_ _0\"></span>91<span class=\"_ _0\"></span>6 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _a0\"> </span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>30 <span class=\"_ _64\"> </span><span class=\"ls6b ws98\">325<span class=\"_ _0\"></span> <span class=\"_ _6e\"> </span><span class=\"ls90 wsbd\">22,671<span class=\"_ _351\"> </span></span></span></span>Eur<span class=\"_ _3\"></span>o<span class=\"_ _2a1\"> </span><span class=\"ffc8 ls3 ws3\">\u2013 <span class=\"_ _86\"> </span>263 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _2b\"> </span>4<span class=\"_ _0\"></span>6 <span class=\"_ _5c\"> </span>30<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span>Other<span class=\"_ _9e\"> </span><span class=\"ls3 ws3\">2 <span class=\"_ _be\"> </span><span class=\"ls6c ws99\">41<span class=\"_ _0\"></span> <span class=\"_ _57\"> </span></span>14 <span class=\"_ _17e\"> </span>1 <span class=\"_ _84\"> </span>5<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span>The no<span class=\"_ _0\"></span>minal val<span class=\"_ _0\"></span>ue of interes<span class=\"_ _0\"></span>t rate and comm<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are deno<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ed in the fol<span class=\"_ _0\"></span>lowi<span class=\"_ _0\"></span>ng curren<span class=\"_ _0\"></span>cies<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Sterling<span class=\"_ _2d7\"> </span><span class=\"ffc7 ls73 wsa1\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>376 <span class=\"_ _124\"> </span></span><span class=\"ls80 wsae\">2,<span class=\"_ _0\"></span>376<span class=\"_ _0\"></span> </span>USD<span class=\"_ _2d8\"> </span><span class=\"ffc7 lsaa wsd7\">1,629 <span class=\"_ _6b\"> </span><span class=\"ffc8 ls3 ws3\">1<span class=\"_ _0\"></span>,60<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span></span>Eur<span class=\"_ _3\"></span>o<span class=\"_ _239\"> </span><span class=\"ffc7 ls3 ws3\">1<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>65 <span class=\"_ _157\"> </span><span class=\"ffc8 ls162 ws40\">1,654<span class=\"_ _351\"> </span></span></span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>20\u2002<span class=\"_ _c\"> </span>Financial\u2002instruments\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive finan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are denomi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d in the foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g currenci<span class=\"_ _0\"></span>es:<span class=\"_ _351\"> </span>Sterling<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>USD<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Euro<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>Other non-curr<span class=\"_ _3\"></span>ent investments<span class=\"_ _2d9\"> </span><span class=\"ffc7 ls3 ws3\">10 <span class=\"_ _58\"> </span>16 <span class=\"_ _a8\"> </span>10 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _28f\"> </span>36<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>rade r<span class=\"_ _3\"></span>eceivables and <span class=\"_ _3\"></span>similar items<span class=\"_ _2da\"> </span><span class=\"ffc7 ls77 wsa5\">231<span class=\"_ _0\"></span> <span class=\"_ _156\"> </span><span class=\"ls7b wsaa\">3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>70 <span class=\"_ _73\"> </span><span class=\"ls3 ws3\">565 <span class=\"_ _57\"> </span>81 <span class=\"_ _99\"> </span><span class=\"ls83 wsb1\">4<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>47<span class=\"_ _351\"> </span></span></span></span></span>Other non-derivative <span class=\"_ _3\"></span>financial assets<span class=\"_ _2db\"> </span><span class=\"ffc7 ls3 ws3\">61 <span class=\"_ _5c\"> </span><span class=\"lsa9 wsd6\">666 <span class=\"_ _28f\"> </span></span>33 <span class=\"_ _57\"> </span>15 <span class=\"_ _6f\"> </span><span class=\"ls6e ws9b\">7<span class=\"_ _0\"></span>75<span class=\"_ _351\"> </span></span></span>Other assets<span class=\"_ _2dc\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _c8\"> </span>24 <span class=\"_ _dc\"> </span>11 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _28f\"> </span>35<span class=\"_ _351\"> </span></span>Short-term inv<span class=\"_ _3\"></span>estments<span class=\"_ _173\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _2dd\"> </span>11 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _2dd\"> </span>11<span class=\"_ _351\"> </span></span>Cash and <span class=\"_ _3\"></span>cash equivalents<span class=\"_ _209\"> </span><span class=\"ffc7 ls3 ws3\">398 <span class=\"_ _64\"> </span>897 <span class=\"_ _7f\"> </span><span class=\"ls6d wscb\">1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>55<span class=\"_ _0\"></span> <span class=\"_ _85\"> </span><span class=\"ls6c ws99\">157 <span class=\"_ _156\"> </span><span class=\"ls6e ws9b\">2<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>07<span class=\"_ _351\"> </span></span></span></span></span>Assets<span class=\"_ _247\"> </span><span class=\"ffc7 ls7b wsaa\">70<span class=\"_ _0\"></span>0 <span class=\"_ _6b\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>,8<span class=\"_ _0\"></span>73 <span class=\"_ _6c\"> </span></span></span><span class=\"ffc7\">1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5 <span class=\"_ _64\"> </span><span class=\"ls3 ws3\">25<span class=\"_ _0\"></span>3 <span class=\"_ _67\"> </span>7<span class=\"_ _f\"></span>,6<span class=\"_ _0\"></span>11<span class=\"_ _351\"> </span></span></span>Borr<span class=\"_ _3\"></span>owings<span class=\"_ _2de\"> </span><span class=\"ffc7 ls6d wscb\">(8<span class=\"_ _0\"></span>93)<span class=\"_ _a0\"> </span><span class=\"lsaa wsd7\">(1,627)<span class=\"_ _92\"> </span>(1,<span class=\"_ _0\"></span>587)<span class=\"_ _dc\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _269\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _2\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Lease liabilities<span class=\"_ _2df\"> </span><span class=\"ffc7 ls63 ws90\">(18<span class=\"_ _0\"></span>1)<span class=\"_ _156\"> </span>(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _62\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>9)<span class=\"_ _83\"> </span><span class=\"ls77 wsa5\">(21<span class=\"_ _0\"></span>6)<span class=\"_ _87\"> </span><span class=\"lsa9 wsd6\">(1,847)<span class=\"_ _351\"> </span></span></span></span></span>Financial RRSAs<span class=\"_ _212\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _be\"> </span><span class=\"lsa9 wsd6\">(7)<span class=\"_ _ae\"> </span><span class=\"lsb5 ws9a\">(1<span class=\"_ _0\"></span>5)<span class=\"_ _d2\"> </span></span></span>\u2013 <span class=\"_ _7b\"> </span><span class=\"ls77 wsa5\">(22)<span class=\"_ _351\"> </span></span></span>Other liabilities<span class=\"_ _15c\"> </span><span class=\"ffc7 ls63 ws90\">(11)<span class=\"_ _26\"> </span>(90)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _64\"> </span></span>(1<span class=\"_ _0\"></span>01)<span class=\"_ _351\"> </span></span>C Shar<span class=\"_ _f\"></span>es<span class=\"_ _2e0\"> </span><span class=\"ffc7 ls74 wsa2\">(24)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _15a\"> </span></span>(2<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>rade payables <span class=\"_ _3\"></span>and similar items<span class=\"_ _143\"> </span><span class=\"ffc7 ls63 ws90\">(6<span class=\"_ _0\"></span>90)<span class=\"_ _a0\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5)<span class=\"_ _aa\"> </span><span class=\"lsb5 ws9a\">(6<span class=\"_ _0\"></span>75)<span class=\"_ _62\"> </span><span class=\"ls60 ws8d\">(5<span class=\"_ _0\"></span>9)<span class=\"_ _6e\"> </span></span></span></span></span><span class=\"ffc7\">(5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Other non-derivative <span class=\"_ _3\"></span>financial liabilities<span class=\"_ _134\"> </span><span class=\"ffc7 ls77 wsa5\">(2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1)<span class=\"_ _5e\"> </span><span class=\"ls15b ws189\">(1,94<span class=\"_ _f\"></span>1)<span class=\"_ _5c\"> </span><span class=\"ls63 ws90\">(12<span class=\"_ _0\"></span>9)<span class=\"_ _62\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _2\"></span>4)<span class=\"_ _6e\"> </span><span class=\"lsb5 ws9a\">(2<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span></span></span></span>Contract <span class=\"_ _3\"></span>liabilities<span class=\"_ _214\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _67\"> </span><span class=\"ls68 ws95\">(420<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _67\"> </span><span class=\"ls68 ws95\">(42<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span>Liabilities<span class=\"_ _2de\"> </span><span class=\"ffc7 ls77 wsa5\">(2<span class=\"_ _0\"></span>,07<span class=\"_ _0\"></span>0)<span class=\"_ _95\"> </span><span class=\"ls63 ws90\">(9,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>01<span class=\"_ _0\"></span>)<span class=\"_ _2a\"> </span><span class=\"lsb5 ws9a\">(2<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>5)<span class=\"_ _67\"> </span></span>(320)<span class=\"_ _9c\"> </span>(1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span></span>(1,<span class=\"_ _2\"></span>370)<span class=\"_ _2a\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _21\"> </span></span>(67<span class=\"_ _0\"></span>0)<span class=\"_ _62\"> </span>(6<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _6e\"> </span><span class=\"ls85 wsb3\">(<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _351\"> </span>Other non-curr<span class=\"_ _3\"></span>ent investments<span class=\"_ _2e1\"> </span><span class=\"ls3 ws3\">12 <span class=\"_ _c8\"> </span>23 <span class=\"_ _17e\"> </span>1 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _2b\"> </span>3<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>rade r<span class=\"_ _3\"></span>eceivables and <span class=\"_ _3\"></span>similar items <span class=\"_ _48\"> </span><span class=\"ls80 wsae\">176 <span class=\"_ _124\"> </span></span>2<span class=\"_ _0\"></span>,7<span class=\"_ _2\"></span>76<span class=\"_ _0\"></span> <span class=\"_ _83\"> </span><span class=\"ls3 ws3\">450 <span class=\"_ _84\"> </span>64 <span class=\"_ _87\"> </span><span class=\"lsc2 wsef\">3,4<span class=\"_ _0\"></span>66<span class=\"_ _351\"> </span></span></span>Other non-derivative <span class=\"_ _3\"></span>financial assets <span class=\"_ _2e2\"> </span><span class=\"ls3 ws3\">17 <span class=\"_ _5c\"> </span><span class=\"ls169 ws198\">640<span class=\"_ _3\"></span> <span class=\"_ _ae\"> </span><span class=\"ls3 ws3\">3<span class=\"_ _0\"></span>0 <span class=\"_ _57\"> </span>18 <span class=\"_ _73\"> </span><span class=\"ls6e ws9b\">70<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span></span></span>Other assets<span class=\"_ _2dc\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _c8\"> </span>2<span class=\"_ _0\"></span>8 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _28f\"> </span>28<span class=\"_ _351\"> </span></span>Short-term inv<span class=\"_ _3\"></span>estments<span class=\"_ _173\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _e7\"> </span>8 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _e7\"> </span>8<span class=\"_ _351\"> </span></span>Cash and <span class=\"_ _3\"></span>cash equivalents <span class=\"_ _2bd\"> </span><span class=\"ls6e ws9b\">700<span class=\"_ _0\"></span> <span class=\"_ _73\"> </span><span class=\"ls3 ws3\">6<span class=\"_ _0\"></span>73 <span class=\"_ _67\"> </span><span class=\"ls7b wsaa\">1,13<span class=\"_ _0\"></span>5 <span class=\"_ _2b\"> </span></span>113 <span class=\"_ _99\"> </span>2,6<span class=\"_ _0\"></span>21<span class=\"_ _351\"> </span></span></span>Assets<span class=\"_ _247\"> </span><span class=\"ffc8 ls3 ws3\">90<span class=\"_ _0\"></span>5 <span class=\"_ _81\"> </span><span class=\"ls7b wsaa\">4<span class=\"_ _0\"></span>,14<span class=\"_ _0\"></span>0 <span class=\"_ _6c\"> </span><span class=\"ls62 ws8f\">1<span class=\"_ _0\"></span>,624 <span class=\"_ _1a\"> </span></span></span>1<span class=\"_ _0\"></span>95 <span class=\"_ _87\"> </span><span class=\"ls90 wsbd\">6,864<span class=\"_ _351\"> </span></span></span>Borr<span class=\"_ _3\"></span>owings<span class=\"_ _212\"> </span><span class=\"ls65 ws92\">(2,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5)<span class=\"_ _81\"> </span><span class=\"ls74 wsa2\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>8)<span class=\"_ _87\"> </span><span class=\"ls6e ws9b\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>59<span class=\"_ _0\"></span>8)<span class=\"_ _c4\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _2a\"> </span></span><span class=\"ls9c wsc9\">(6,032)<span class=\"_ _351\"> </span></span></span></span></span>Lease liabilities<span class=\"_ _2e3\"> </span><span class=\"ffc6 ls6e ws9b\">(18<span class=\"_ _0\"></span>8)<span class=\"_ _95\"> </span></span><span class=\"ls80 wsae\">(1,<span class=\"_ _2\"></span>30<span class=\"_ _0\"></span>0)<span class=\"_ _85\"> </span><span class=\"ffc6 ls74 wsa2\">(48<span class=\"_ _0\"></span>)<span class=\"_ _21\"> </span><span class=\"ls62 ws8f\">(20<span class=\"_ _0\"></span>8)<span class=\"_ _5e\"> </span></span></span><span class=\"lsce wsf8\">(<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Financial RRSAs<span class=\"_ _212\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _28f\"> </span><span class=\"ffc6 ls64 ws91\">(12)<span class=\"_ _19\"> </span></span>\u2013 <span class=\"_ _84\"> </span><span class=\"ffc6 ls64 ws91\">(12)<span class=\"_ _351\"> </span></span></span>Other liabilities<span class=\"_ _2e4\"> </span><span class=\"ffc6 ls6e ws9b\">(17<span class=\"_ _0\"></span>)<span class=\"_ _85\"> </span><span class=\"ls62 ws8f\">(58)<span class=\"_ _d2\"> </span></span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _85\"> </span><span class=\"ffc6 ls65 ws92\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span>C Shar<span class=\"_ _f\"></span>es<span class=\"_ _2e0\"> </span><span class=\"ffc6 ls65 ws92\">(2<span class=\"_ _0\"></span>5)<span class=\"_ _19\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _85\"> </span><span class=\"ffc6 ls65 ws92\">(2<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>rade payables <span class=\"_ _3\"></span>and similar items<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(50<span class=\"_ _0\"></span>3)<span class=\"_ _cc\"> </span><span class=\"ffc8 lsc2 wsef\">(3,399)<span class=\"_ _7f\"> </span></span><span class=\"ls1af ws20e\">(444<span class=\"_ _f\"></span>)<span class=\"_ _1a\"> </span><span class=\"ls6b ws98\">(6<span class=\"_ _0\"></span>3)<span class=\"_ _5a\"> </span><span class=\"ffc8 ls169 ws198\">(4,409<span class=\"_ _3\"></span>)<span class=\"_ _351\"> </span></span></span></span>Other non-derivative <span class=\"_ _3\"></span>financial liabilities <span class=\"_ _2a6\"> </span><span class=\"ffc6 ls3 ws3\">(287<span class=\"_ _0\"></span>)<span class=\"_ _a0\"> </span></span><span class=\"ls6e ws9b\">(1<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span>)<span class=\"_ _62\"> </span><span class=\"ffc6 ls6b ws98\">(113)<span class=\"_ _62\"> </span><span class=\"ls74 wsa2\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _2a\"> </span></span></span><span class=\"ls169 ws198\">(2,40<span class=\"_ _f\"></span>3)<span class=\"_ _351\"> </span></span></span>Contract <span class=\"_ _3\"></span>liabilities <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _67\"> </span><span class=\"ffc6 ls60 ws8d\">(26<span class=\"_ _0\"></span>4)<span class=\"_ _19\"> </span></span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _67\"> </span><span class=\"ffc6 ls60 ws8d\">( 2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>Liabilities<span class=\"_ _242\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>3,<span class=\"_ _2\"></span>93<span class=\"_ _0\"></span>5)<span class=\"_ _cc\"> </span><span class=\"ls169 ws198\">(<span class=\"_ _3\"></span>8,496)<span class=\"_ _a0\"> </span><span class=\"ls66 ws93\">(2,215)<span class=\"_ _83\"> </span><span class=\"ffc6 ls73 wsa1\">(318)<span class=\"_ _ad\"> </span></span><span class=\"ls60 ws8d\">(14<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span></span></span>(3,030)<span class=\"_ _2a\"> </span><span class=\"ls74 wsa2\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>56<span class=\"_ _0\"></span>)<span class=\"_ _83\"> </span><span class=\"ffc6 ls80 wsae\">(591)<span class=\"_ _86\"> </span><span class=\"ls6b ws98\">(12<span class=\"_ _0\"></span>3)<span class=\"_ _95\"> </span></span></span><span class=\"ls7b wsaa\">(8<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>During the year<span class=\"_ _f\"></span>, trade payables and <span class=\"_ _0\"></span>similar items have been <span class=\"_ _0\"></span>analysed in greater detail and consequently <span class=\"_ _0\"></span>have been repr<span class=\"_ _3\"></span>esented to include <span class=\"_ _0\"></span>items previously classified as non-financial<span class=\"_ _351\"> </span>instruments<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>20\u2002<span class=\"_ _c\"> </span>Financial\u2002instruments\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Curr<span class=\"_ _3\"></span>ency e<span class=\"_ _3\"></span>xposur<span class=\"_ _3\"></span>es<span class=\"_ _351\"> </span>The Group\u2019s actua<span class=\"_ _0\"></span>l currency exposures on financial inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s af<span class=\"_ _0\"></span>ter taking acco<span class=\"_ _0\"></span>unt of <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive foreign currency contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, which ar<span class=\"_ _351\"> </span>not desi<span class=\"_ _0\"></span>gnat<span class=\"_ _0\"></span>ed as hed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s for acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng purp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es are as follo<span class=\"_ _0\"></span>ws:<span class=\"_ _351\"> </span>Fu<span class=\"_ _3\"></span>nctional\u2002curr<span class=\"_ _3\"></span>ency\u2002of<span class=\"_ _3\"></span>\u2002Group\u2002<span class=\"_ _3\"></span>operations<span class=\"_ _351\"> </span>Sterling<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>USD<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Euro<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>Sterling <span class=\"_ _1e9\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _ed\"> </span>1 <span class=\"_ _65\"> </span>4 <span class=\"_ _65\"> </span>5<span class=\"_ _351\"> </span></span>USD<span class=\"_ _1c6\"> </span><span class=\"ffc7 lsa9 wsd6\">(<span class=\"_ _0\"></span>7)<span class=\"_ _65\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _bb\"> </span><span class=\"ls77 wsa5\">(2)<span class=\"_ _d2\"> </span></span>7 <span class=\"_ _bb\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _351\"> </span></span></span></span>Eur<span class=\"_ _3\"></span>o<span class=\"_ _2e5\"> </span><span class=\"ffc7 ls63 ws90\">(1)<span class=\"_ _65\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _dc\"> </span></span>(1<span class=\"_ _351\"> </span></span>Other<span class=\"_ _9e\"> </span><span class=\"ffc7 ls3 ws3\">10<span class=\"_ _0\"></span>8 <span class=\"_ _28f\"> </span>2<span class=\"_ _0\"></span>6 <span class=\"_ _84\"> </span>86 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _86\"> </span><span class=\"lsaa wsd7\">220<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _351\"> </span>Sterling <span class=\"_ _9e\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _ed\"> </span>1 <span class=\"_ _17e\"> </span>1 <span class=\"_ _1b5\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>)<span class=\"_ _bb\"> </span></span><span class=\"ffc6\">(2)<span class=\"_ _351\"> </span></span></span>USD<span class=\"_ _1c6\"> </span><span class=\"ls62 ws8f\">(8)<span class=\"_ _19\"> </span><span class=\"ffc8 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _65\"> </span>4 <span class=\"_ _1b5\"> </span></span><span class=\"ls74 wsa2\">(4<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Eur<span class=\"_ _3\"></span>o<span class=\"_ _287\"> </span><span class=\"ffc8 ls3 ws3\">1 <span class=\"_ _1b5\"> </span></span><span class=\"ls74 wsa2\">(4)<span class=\"_ _19\"> </span><span class=\"ffc8 ls3 ws3\">\u2013 <span class=\"_ _e7\"> </span>3 <span class=\"_ _19\"> </span>\u2013<span class=\"_ _351\"> </span></span></span>Other<span class=\"_ _18a\"> </span><span class=\"ls3 ws3\">82 <span class=\"_ _57\"> </span>14 <span class=\"_ _be\"> </span><span class=\"ls74 wsa2\">51 <span class=\"_ _d2\"> </span></span>2 <span class=\"_ _1a\"> </span>149<span class=\"_ _351\"> </span></span>Ageing bey<span class=\"_ _f\"></span>ond contr<span class=\"_ _3\"></span>actual due da<span class=\"_ _3\"></span>te of fin<span class=\"_ _3\"></span>ancial a<span class=\"_ _f\"></span>ssets<span class=\"_ _351\"> </span>Within<span class=\"_ _351\"> </span>terms<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Up\u2002to<span class=\"_ _351\"> </span>thre<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>months<span class=\"_ _351\"> </span>overdu<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en<span class=\"_ _351\"> </span>thre<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>mon<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>s\u2002an<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>one\u2002ye<span class=\"_ _0\"></span>ar<span class=\"_ _351\"> </span>overdu<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Mo<span class=\"_ _0\"></span>re\u2002th<span class=\"_ _0\"></span>an<span class=\"_ _351\"> </span>one\u2002ye<span class=\"_ _0\"></span>ar<span class=\"_ _351\"> </span>overdu<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>Other non-curr<span class=\"_ _3\"></span>ent asset in<span class=\"_ _3\"></span>vestments<span class=\"_ _fb\"> </span><span class=\"ffc7 ls3 ws3\">36 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _28f\"> </span>36<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>rade r<span class=\"_ _3\"></span>eceivables and <span class=\"_ _3\"></span>similar items<span class=\"_ _2e6\"> </span><span class=\"ffc7 ls3 ws3\">3,6<span class=\"_ _0\"></span>46 <span class=\"_ _62\"> </span>219 <span class=\"_ _1a\"> </span>169 <span class=\"_ _ae\"> </span>113 <span class=\"_ _99\"> </span><span class=\"ls83 wsb1\">4<span class=\"_ _0\"></span>,147<span class=\"_ _0\"></span> </span></span>Other non-derivative <span class=\"_ _3\"></span>financial assets<span class=\"_ _243\"> </span><span class=\"ffc7 ls6e ws9b\">75<span class=\"_ _0\"></span>5 <span class=\"_ _e7\"> </span><span class=\"ls3 ws3\">9 <span class=\"_ _de\"> </span>1<span class=\"_ _0\"></span>0 <span class=\"_ _ed\"> </span>1 <span class=\"_ _6f\"> </span></span>7<span class=\"_ _0\"></span>75<span class=\"_ _351\"> </span></span>Other assets<span class=\"_ _256\"> </span><span class=\"ffc7 ls3 ws3\">35 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _c8\"> </span>35<span class=\"_ _351\"> </span></span>Derivative financia<span class=\"_ _3\"></span>l assets<span class=\"_ _2e7\"> </span><span class=\"ffc7 ls3 ws3\">64<span class=\"_ _0\"></span>8 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _83\"> </span>64<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span>Short-term inv<span class=\"_ _3\"></span>estments<span class=\"_ _2e8\"> </span><span class=\"ffc7 ls3 ws3\">11 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _2dd\"> </span>11<span class=\"_ _351\"> </span></span>Cash and <span class=\"_ _3\"></span>cash equivalents<span class=\"_ _2d4\"> </span><span class=\"ffc7 ls6e ws9b\">2<span class=\"_ _0\"></span>,607 <span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _a0\"> </span></span>2<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>07<span class=\"_ _351\"> </span></span>7,<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span> <span class=\"_ _6f\"> </span><span class=\"ls3 ws3\">228 <span class=\"_ _62\"> </span>179 <span class=\"_ _ae\"> </span>114 <span class=\"_ _156\"> </span><span class=\"ls6e ws9b\">8,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>59<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _351\"> </span>Other non-curr<span class=\"_ _3\"></span>ent asset in<span class=\"_ _3\"></span>vestments<span class=\"_ _fb\"> </span><span class=\"ls3 ws3\">36 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _84\"> </span>3<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>rade r<span class=\"_ _3\"></span>eceivables and <span class=\"_ _3\"></span>similar items<span class=\"_ _26c\"> </span><span class=\"lsce wsf8\">2<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _83\"> </span><span class=\"ls97 wsc4\">369 <span class=\"_ _ae\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>11 <span class=\"_ _85\"> </span>13<span class=\"_ _0\"></span>7 <span class=\"_ _87\"> </span><span class=\"lsc2 wsef\">3,466<span class=\"_ _351\"> </span></span></span></span></span>Other non-derivative <span class=\"_ _3\"></span>financial assets<span class=\"_ _2e6\"> </span><span class=\"ls3 ws3\">69<span class=\"_ _0\"></span>9 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _65\"> </span>5 <span class=\"_ _17e\"> </span>1 <span class=\"_ _73\"> </span><span class=\"ls6e ws9b\">705<span class=\"_ _351\"> </span></span></span>Other assets<span class=\"_ _256\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>8 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _c8\"> </span>28<span class=\"_ _351\"> </span></span>Derivative financia<span class=\"_ _3\"></span>l assets<span class=\"_ _1d3\"> </span><span class=\"ls3 ws3\">379 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _86\"> </span>37<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span>Short-term inv<span class=\"_ _3\"></span>estments<span class=\"_ _1d1\"> </span><span class=\"ls3 ws3\">8 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _e7\"> </span>8<span class=\"_ _351\"> </span></span>Cash and <span class=\"_ _3\"></span>cash equivalents <span class=\"_ _2e9\"> </span><span class=\"ls3 ws3\">2,<span class=\"_ _0\"></span>62<span class=\"_ _0\"></span>1 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _6c\"> </span>2<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>21<span class=\"_ _351\"> </span></span>6,<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>0 <span class=\"_ _83\"> </span><span class=\"ls97 wsc4\">369 <span class=\"_ _1a\"> </span><span class=\"ls66 ws93\">216 <span class=\"_ _62\"> </span><span class=\"ls3 ws3\">138 <span class=\"_ _68\"> </span><span class=\"lsa7 wsd4\">7<span class=\"_ _f\"></span>,243<span class=\"_ _f\"></span> </span></span></span></span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>20\u2002<span class=\"_ _c\"> </span>Financial\u2002instruments\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Contr<span class=\"_ _3\"></span>actual ma<span class=\"_ _3\"></span>turity anal<span class=\"_ _f\"></span>ysis of <span class=\"_ _3\"></span>non-deriva<span class=\"_ _3\"></span>tive <span class=\"_ _3\"></span>financial <span class=\"_ _3\"></span>liabilities<span class=\"_ _351\"> </span>Gro<span class=\"_ _0\"></span>ss\u2002val<span class=\"_ _0\"></span>ues<span class=\"_ _351\"> </span>Carrying\u2002value<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Within<span class=\"_ _351\"> </span>one\u2002ye<span class=\"_ _0\"></span>ar<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en<span class=\"_ _351\"> </span>one\u2002a<span class=\"_ _0\"></span>nd<span class=\"_ _351\"> </span>tw<span class=\"_ _0\"></span>o\u2002years<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en<span class=\"_ _351\"> </span>tw<span class=\"_ _0\"></span>o\u2002and<span class=\"_ _351\"> </span>fi<span class=\"_ _0\"></span>ve\u2002year<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>After<span class=\"_ _351\"> </span>fi<span class=\"_ _0\"></span>ve\u2002year<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>Borr<span class=\"_ _3\"></span>owings<span class=\"_ _2ea\"> </span><span class=\"ffc7 ls5a ws9f\">(168<span class=\"_ _3\"></span>)<span class=\"_ _21\"> </span><span class=\"ls6d wscb\">(65<span class=\"_ _0\"></span>3)<span class=\"_ _a0\"> </span><span class=\"ls60 ws8d\">(3,6<span class=\"_ _0\"></span>12)<span class=\"_ _72\"> </span><span class=\"ls5c ws8a\">(<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>0)<span class=\"_ _56\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>,1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span></span></span></span></span>Lease liabilities<span class=\"_ _2eb\"> </span><span class=\"ffc7 ls68 ws95\">(4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5)<span class=\"_ _26\"> </span><span class=\"ls77 wsa5\">(<span class=\"_ _0\"></span>311)<span class=\"_ _21\"> </span><span class=\"ls6c ws99\">(88<span class=\"_ _0\"></span>6)<span class=\"_ _67\"> </span><span class=\"ls74 wsa2\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _87\"> </span><span class=\"lsa9 wsd6\">(1,847)<span class=\"_ _351\"> </span></span></span></span></span></span>Financial RRSAs<span class=\"_ _2ec\"> </span><span class=\"ffc7 ls63 ws90\">(10)<span class=\"_ _1b5\"> </span><span class=\"lsa9 wsd6\">(7)<span class=\"_ _2dd\"> </span></span>(1)<span class=\"_ _1b5\"> </span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _7b\"> </span><span class=\"ls77 wsa5\">(22)<span class=\"_ _351\"> </span></span></span></span>Other liabilities<span class=\"_ _2ed\"> </span><span class=\"ffc7 lsb5 ws9a\">(1<span class=\"_ _0\"></span>5)<span class=\"_ _60\"> </span><span class=\"ls63 ws90\">(10)<span class=\"_ _1a\"> </span>(3<span class=\"_ _0\"></span>0)<span class=\"_ _62\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>6)<span class=\"_ _64\"> </span></span>(1<span class=\"_ _0\"></span>01)<span class=\"_ _351\"> </span></span></span>C Shar<span class=\"_ _f\"></span>es<span class=\"_ _2e0\"> </span><span class=\"ffc7 ls74 wsa2\">(24)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _15a\"> </span></span>(2<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>rade payables <span class=\"_ _3\"></span>and similar items<span class=\"_ _48\"> </span><span class=\"ffc7 ls6c ws99\">(5,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>52)<span class=\"_ _83\"> </span><span class=\"ls83 wsb1\">(1<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>)<span class=\"_ _5c\"> </span><span class=\"ls63 ws90\">(107<span class=\"_ _0\"></span>)<span class=\"_ _83\"> </span><span class=\"ls6d wscb\">(13<span class=\"_ _0\"></span>3)<span class=\"_ _95\"> </span></span></span></span></span><span class=\"ffc7\">(5<span class=\"_ _0\"></span>,73<span class=\"_ _0\"></span>9)<span class=\"_ _351\"> </span></span>Other non-derivative <span class=\"_ _3\"></span>financial liabilities<span class=\"_ _e8\"> </span><span class=\"ffc7 ls63 ws90\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>7)<span class=\"_ _71\"> </span><span class=\"ls68 ws95\">(42<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>)<span class=\"_ _67\"> </span><span class=\"ls74 wsa2\">(<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>4)<span class=\"_ _aa\"> </span><span class=\"ls6c ws99\">(357<span class=\"_ _0\"></span>)<span class=\"_ _2a\"> </span><span class=\"lsb5 ws9a\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span></span></span></span>Contract <span class=\"_ _3\"></span>liabilities<span class=\"_ _20a\"> </span><span class=\"ffc7 ls68 ws95\">(42<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _67\"> </span></span>(42<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span>(7<span class=\"_ _3\"></span>,791<span class=\"_ _3\"></span>)<span class=\"_ _92\"> </span><span class=\"ls75 wsa3\">(1,<span class=\"_ _0\"></span>555)<span class=\"_ _cc\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>70)<span class=\"_ _6b\"> </span><span class=\"lsb5 ws9a\">(1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5)<span class=\"_ _10d\"> </span><span class=\"ls63 ws90\">(14,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>46<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _351\"> </span>Borr<span class=\"_ _3\"></span>owings<span class=\"_ _2de\"> </span><span class=\"ffc6 ls3 ws3\">(2<span class=\"_ _0\"></span>59)<span class=\"_ _aa\"> </span><span class=\"ls65 ws92\">(26<span class=\"_ _0\"></span>5)<span class=\"_ _5a\"> </span></span></span><span class=\"ls74 wsa2\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _92\"> </span><span class=\"ls6e ws9b\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>49)<span class=\"_ _2a\"> </span><span class=\"ls9c wsc9\">(6,032)<span class=\"_ _351\"> </span></span></span></span>Lease liabilities<span class=\"_ _23f\"> </span><span class=\"ffc6 ls6b ws98\">(<span class=\"_ _0\"></span>322<span class=\"_ _0\"></span>)<span class=\"_ _83\"> </span><span class=\"ls80 wsae\">(26<span class=\"_ _0\"></span>1)<span class=\"_ _71\"> </span><span class=\"ls60 ws8d\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>24)<span class=\"_ _aa\"> </span><span class=\"ls7b wsaa\">(8<span class=\"_ _0\"></span>52)<span class=\"_ _5e\"> </span></span></span></span></span><span class=\"lsce wsf8\">(<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Financial RRSAs<span class=\"_ _2ee\"> </span><span class=\"ffc6 ls80 wsae\">(6)<span class=\"_ _1b5\"> </span><span class=\"ls65 ws92\">(5)<span class=\"_ _bb\"> </span><span class=\"ls3 ws3\">(2)<span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _84\"> </span></span><span class=\"ls64 ws91\">(12)<span class=\"_ _351\"> </span></span></span></span></span>Other liabilities<span class=\"_ _186\"> </span><span class=\"ffc6 ls3 ws3\">(27)<span class=\"_ _be\"> </span><span class=\"ls80 wsae\">(9)<span class=\"_ _15a\"> </span><span class=\"ls60 ws8d\">(<span class=\"_ _0\"></span>24)<span class=\"_ _84\"> </span><span class=\"ls65 ws92\">(1<span class=\"_ _0\"></span>5)<span class=\"_ _15a\"> </span>(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span></span></span>C Shar<span class=\"_ _f\"></span>es<span class=\"_ _2e0\"> </span><span class=\"ffc6 ls65 ws92\">(2<span class=\"_ _0\"></span>5)<span class=\"_ _19\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _85\"> </span><span class=\"ffc6 ls65 ws92\">(2<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>rade payables <span class=\"_ _3\"></span>and similar items<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>9)<span class=\"_ _85\"> </span><span class=\"ffc6 ls6b ws98\">(3<span class=\"_ _0\"></span>3)<span class=\"_ _62\"> </span><span class=\"ls73 wsa1\">(131)<span class=\"_ _aa\"> </span><span class=\"ls80 wsae\">(2<span class=\"_ _0\"></span>26)<span class=\"_ _cc\"> </span></span></span></span><span class=\"ls169 ws198\">(<span class=\"_ _f\"></span>4<span class=\"_ _0\"></span>,409<span class=\"_ _3\"></span>)<span class=\"_ _351\"> </span></span>Other non-derivative <span class=\"_ _3\"></span>financial liabilities <span class=\"_ _8b\"> </span><span class=\"ls64 ws91\">(1,<span class=\"_ _0\"></span>812)<span class=\"_ _85\"> </span><span class=\"ffc6 ls6b ws98\">(83)<span class=\"_ _67\"> </span><span class=\"ls6e ws9b\">(207<span class=\"_ _0\"></span>)<span class=\"_ _5c\"> </span><span class=\"ls80 wsae\">(30<span class=\"_ _0\"></span>1)<span class=\"_ _2a\"> </span></span></span></span><span class=\"ls169 ws198\">(<span class=\"_ _3\"></span>2,403<span class=\"_ _3\"></span>)<span class=\"_ _351\"> </span></span></span>Contract <span class=\"_ _3\"></span>liabilities <span class=\"_ _24a\"> </span><span class=\"ffc6 ls60 ws8d\">(26<span class=\"_ _0\"></span>4)<span class=\"_ _19\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _aa\"> </span><span class=\"ffc6 ls60 ws8d\">(26<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>(6<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _21\"> </span><span class=\"ffc6 ls80 wsae\">(6<span class=\"_ _0\"></span>56)<span class=\"_ _2a\"> </span></span><span class=\"ls60 ws8d\">(5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>89<span class=\"_ _0\"></span>4)<span class=\"_ _95\"> </span><span class=\"lsa7 wsd4\">(3<span class=\"_ _3\"></span>,243<span class=\"_ _f\"></span>)<span class=\"_ _10d\"> </span><span class=\"ls60 ws8d\">(14<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span></span>1<span class=\"_ _351\"> </span>During the year <span class=\"_ _0\"></span>trade payables and similar <span class=\"_ _0\"></span>items have been <span class=\"_ _0\"></span>analysed in greater detail and <span class=\"_ _0\"></span>consequently have been <span class=\"_ _0\"></span>repr<span class=\"_ _3\"></span>esented to <span class=\"_ _0\"></span>include items previously classified as <span class=\"_ _0\"></span>non-financial<span class=\"_ _351\"> </span>instruments.<span class=\"_ _351\"> </span>Expecte<span class=\"_ _0\"></span>d ma<span class=\"_ _3\"></span>turity anal<span class=\"_ _f\"></span>ysis of <span class=\"_ _3\"></span>deriva<span class=\"_ _3\"></span>tive <span class=\"_ _3\"></span>financial <span class=\"_ _3\"></span>instrumen<span class=\"_ _3\"></span>ts<span class=\"_ _351\"> </span>Gro<span class=\"_ _0\"></span>ss\u2002val<span class=\"_ _0\"></span>ues<span class=\"_ _351\"> </span>Carrying\u2002value<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Within<span class=\"_ _351\"> </span>one\u2002ye<span class=\"_ _0\"></span>ar<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en<span class=\"_ _351\"> </span>one\u2002a<span class=\"_ _0\"></span>nd<span class=\"_ _351\"> </span>tw<span class=\"_ _0\"></span>o\u2002years<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en<span class=\"_ _351\"> </span>tw<span class=\"_ _0\"></span>o\u2002and<span class=\"_ _351\"> </span>fi<span class=\"_ _0\"></span>ve\u2002year<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>After<span class=\"_ _351\"> </span>fi<span class=\"_ _0\"></span>ve\u2002year<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>Derivativ<span class=\"_ _3\"></span>e\u2002financial\u2002assets:<span class=\"_ _351\"> </span>Cash inflows<span class=\"_ _15d\"> </span><span class=\"ffc7 ls3 ws3\">3,002 <span class=\"_ _85\"> </span></span><span class=\"ffc7\">551 <span class=\"_ _6c\"> </span><span class=\"ls6d wscb\">3<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>79<span class=\"_ _0\"></span> <span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span></span></span>Cash outflows<span class=\"_ _171\"> </span><span class=\"ffc7 ls15b ws189\">(<span class=\"_ _f\"></span>2<span class=\"_ _0\"></span>,907)<span class=\"_ _7d\"> </span><span class=\"ls63 ws90\">(5<span class=\"_ _0\"></span>40)<span class=\"_ _2a\"> </span><span class=\"ls77 wsa5\">(2,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span></span></span></span>Other net cash <span class=\"_ _3\"></span>flows<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>131 <span class=\"_ _ae\"> </span><span class=\"ls3 ws3\">90 <span class=\"_ _84\"> </span>9<span class=\"_ _0\"></span>8 <span class=\"_ _d2\"> </span>7<span class=\"_ _351\"> </span></span>226 <span class=\"_ _15a\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>01 <span class=\"_ _1a\"> </span>391 <span class=\"_ _d2\"> </span>7 <span class=\"_ _83\"> </span>6<span class=\"_ _0\"></span>48<span class=\"_ _351\"> </span></span>Derivativ<span class=\"_ _3\"></span>e\u2002financial\u2002liabilities:<span class=\"_ _351\"> </span>Cash inflows<span class=\"_ _15d\"> </span><span class=\"ffc7 lsaa wsd7\">6<span class=\"_ _0\"></span>,658 <span class=\"_ _156\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>238 <span class=\"_ _87\"> </span>8,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>90 <span class=\"_ _26\"> </span>7<span class=\"_ _0\"></span>22<span class=\"_ _351\"> </span></span></span>Cash outflows<span class=\"_ _20a\"> </span><span class=\"ffc7 ls6c ws99\">(8<span class=\"_ _0\"></span>,01<span class=\"_ _0\"></span>9)<span class=\"_ _87\"> </span><span class=\"ls6d wscb\">(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>62)<span class=\"_ _10f\"> </span><span class=\"ls74 wsa2\">(1<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>60<span class=\"_ _0\"></span>4)<span class=\"_ _71\"> </span><span class=\"ls9f wscd\">(<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Other net cash <span class=\"_ _3\"></span>flows<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(10)<span class=\"_ _60\"> </span>(1<span class=\"_ _0\"></span>0)<span class=\"_ _be\"> </span><span class=\"ls68 ws95\">(4)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span></span>(1,3<span class=\"_ _3\"></span>71)<span class=\"_ _7f\"> </span><span class=\"ls74 wsa2\">(93<span class=\"_ _0\"></span>4)<span class=\"_ _87\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>31<span class=\"_ _0\"></span>8)<span class=\"_ _85\"> </span><span class=\"ls6d wscb\">(2<span class=\"_ _0\"></span>3)<span class=\"_ _154\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _351\"> </span>Derivative financia<span class=\"_ _3\"></span>l assets:<span class=\"_ _351\"> </span>Cash inflows<span class=\"_ _2e3\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0 <span class=\"_ _61\"> </span><span class=\"ls74 wsa2\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>051<span class=\"_ _0\"></span> <span class=\"_ _6c\"> </span><span class=\"ls7b wsaa\">3<span class=\"_ _0\"></span>,14<span class=\"_ _0\"></span>5 <span class=\"_ _83\"> </span></span></span>4<span class=\"_ _0\"></span>56<span class=\"_ _351\"> </span></span>Cash outflows<span class=\"_ _184\"> </span><span class=\"ffc6 ls80 wsae\">(81<span class=\"_ _0\"></span>1)<span class=\"_ _68\"> </span></span><span class=\"ls6e ws9b\">(1,<span class=\"_ _0\"></span>017<span class=\"_ _0\"></span>)<span class=\"_ _269\"> </span><span class=\"ls3 ws3\">(2,<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span>2)<span class=\"_ _67\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span></span>Other net cash <span class=\"_ _3\"></span>flows<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>26 <span class=\"_ _75\"> </span>2<span class=\"_ _0\"></span>7 <span class=\"_ _28f\"> </span>4<span class=\"_ _0\"></span>3 <span class=\"_ _d2\"> </span>2<span class=\"_ _351\"> </span>55 <span class=\"_ _58\"> </span>61 <span class=\"_ _73\"> </span>26<span class=\"_ _0\"></span>6 <span class=\"_ _57\"> </span>13 <span class=\"_ _64\"> </span>379<span class=\"_ _351\"> </span>Derivative financia<span class=\"_ _3\"></span>l liabilities:<span class=\"_ _351\"> </span>Cash inflows<span class=\"_ _78\"> </span><span class=\"ls62 ws8f\">6,<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>6 <span class=\"_ _7d\"> </span><span class=\"lsd0 wsfa\">7,1<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _68\"> </span><span class=\"ls6c ws99\">11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>41 <span class=\"_ _157\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>87<span class=\"_ _351\"> </span></span></span></span></span>Cash outflows<span class=\"_ _21e\"> </span><span class=\"ls80 wsae\">(6,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>17<span class=\"_ _0\"></span>)<span class=\"_ _6e\"> </span><span class=\"ls62 ws8f\">(8,0<span class=\"_ _0\"></span>22)<span class=\"_ _10d\"> </span></span>(13<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>0)<span class=\"_ _6b\"> </span><span class=\"ls73 wsa1\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>314)<span class=\"_ _351\"> </span></span></span>Other net cash <span class=\"_ _3\"></span>flows<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(2)<span class=\"_ _c4\"> </span><span class=\"ls80 wsae\">(1)<span class=\"_ _19\"> </span></span>\u2013<span class=\"_ _bf\"> </span>\u2013<span class=\"_ _351\"> </span>(67<span class=\"_ _0\"></span>3)<span class=\"_ _aa\"> </span><span class=\"ls65 ws92\">(82<span class=\"_ _0\"></span>5)<span class=\"_ _6b\"> </span><span class=\"ffc8 ls5c ws8a\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>59<span class=\"_ _0\"></span>)<span class=\"_ _71\"> </span></span></span>(32<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _6e\"> </span><span class=\"ffc8 ls64 ws91\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>292)<span class=\"_ _351\"> </span></span>1<span class=\"_ _351\"> </span>Derivative financial <span class=\"_ _3\"></span>assets and liabilities that <span class=\"_ _3\"></span>are settled on <span class=\"_ _3\"></span>a net cash basis<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>20\u2002<span class=\"_ _c\"> </span>Financial\u2002instruments\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Inter<span class=\"_ _3\"></span>est r<span class=\"_ _3\"></span>ate <span class=\"_ _3\"></span>risk<span class=\"_ _351\"> </span>In <span class=\"_ _3\"></span>respect of <span class=\"_ _f\"></span>income<span class=\"_ _0\"></span>-earning financ<span class=\"_ _3\"></span>ial a<span class=\"_ _3\"></span>sset<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>and in<span class=\"_ _3\"></span>terest<span class=\"_ _3\"></span>-bearing financ<span class=\"_ _3\"></span>ial lia<span class=\"_ _3\"></span>bilities, the <span class=\"_ _3\"></span>following <span class=\"_ _3\"></span>table indicat<span class=\"_ _3\"></span>es their<span class=\"_ _3\"></span> effec<span class=\"_ _0\"></span>tive in<span class=\"_ _3\"></span>terest<span class=\"_ _351\"> </span>rates<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e value sho<span class=\"_ _0\"></span>wn is the car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt bef<span class=\"_ _0\"></span>ore tak<span class=\"_ _0\"></span>ing acc<span class=\"_ _0\"></span>ount of swa<span class=\"_ _0\"></span>ps<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>2022<span class=\"_ _51\"> </span><span class=\"ffc6\">2021<span class=\"_ _351\"> </span></span>Fixe<span class=\"_ _0\"></span>d\u2002rat<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Floating\u2002rate<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Fi<span class=\"_ _0\"></span>xed ra<span class=\"_ _0\"></span>te<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Flo<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g rate<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Short-term inv<span class=\"_ _3\"></span>estments<span class=\"_ _2da\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _c5\"> </span>11 <span class=\"_ _2dd\"> </span>11 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _e7\"> </span>8 <span class=\"_ _e7\"> </span>8<span class=\"_ _351\"> </span></span></span>Cash and <span class=\"_ _3\"></span>cash equivalents<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _a0\"> </span><span class=\"ls6e ws9b\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>607 <span class=\"_ _156\"> </span>2<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>07 <span class=\"_ _19\"> </span></span><span class=\"ffc8\">\u2013 <span class=\"_ _6c\"> </span>2,<span class=\"_ _0\"></span>621 <span class=\"_ _99\"> </span>2,<span class=\"_ _0\"></span>621<span class=\"_ _351\"> </span></span>Borr<span class=\"_ _3\"></span>owings<span class=\"_ _2ef\"> </span><span class=\"ffc7 ls68 ws95\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _84\"> </span><span class=\"ls63 ws90\">(12)<span class=\"_ _56\"> </span></span>(4<span class=\"_ _0\"></span>,1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>8)<span class=\"_ _87\"> </span></span><span class=\"ls74 wsa2\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>41)<span class=\"_ _124\"> </span><span class=\"ls80 wsae\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>99<span class=\"_ _0\"></span>1)<span class=\"_ _2a\"> </span><span class=\"ls9c wsc9\">(6,032)<span class=\"_ _351\"> </span></span></span></span>Lease liabilities <span class=\"_ _13\"> </span><span class=\"ffc7 lsb5 ws9a\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5)<span class=\"_ _83\"> </span><span class=\"ls63 ws90\">(612<span class=\"_ _0\"></span>)<span class=\"_ _87\"> </span><span class=\"lsa9 wsd6\">(1,84<span class=\"_ _3\"></span>7)<span class=\"_ _56\"> </span><span class=\"ffc8 ls60 ws8d\">(1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4)<span class=\"_ _7d\"> </span><span class=\"ffc6 ls80 wsae\">(6<span class=\"_ _0\"></span>60)<span class=\"_ _124\"> </span></span><span class=\"lsce wsf8\">(1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span></span>(5,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>31)<span class=\"_ _5e\"> </span><span class=\"ls15b ws189\">1,994 <span class=\"_ _6e\"> </span><span class=\"lsa9 wsd6\">(3,337)<span class=\"_ _a0\"> </span><span class=\"ffc8 ls65 ws92\">(5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>5)<span class=\"_ _7b\"> </span><span class=\"ffc6 ls3 ws3\">(22)<span class=\"_ _6b\"> </span></span><span class=\"ls63 ws90\">(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,147<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Weighted <span class=\"_ _3\"></span>average <span class=\"_ _3\"></span>inter<span class=\"_ _3\"></span>est rates<span class=\"_ _351\"> </span>Borr<span class=\"_ _3\"></span>owings<span class=\"_ _b9\"> </span><span class=\"ffc7\">3<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>% <span class=\"_ _7d\"> </span>4<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span> <span class=\"_ _2a9\"> </span></span>3<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span> <span class=\"_ _aa\"> </span><span class=\"ls7b wsaa\">4<span class=\"_ _0\"></span>.1%<span class=\"_ _351\"> </span></span>Lease liabilities<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>3.<span class=\"_ _0\"></span>9% <span class=\"_ _99\"> </span><span class=\"ls74 wsa2\">6.<span class=\"_ _0\"></span>3%<span class=\"_ _0\"></span> <span class=\"_ _170\"> </span></span><span class=\"ffc8\">4.<span class=\"_ _0\"></span>0% <span class=\"_ _99\"> </span>2.0<span class=\"_ _0\"></span>%<span class=\"_ _351\"> </span></span>1<span class=\"_ _351\"> </span>Cash and cash <span class=\"_ _3\"></span>equivalents comprises bank balan<span class=\"_ _3\"></span>ces and term deposits <span class=\"_ _3\"></span>and earn inter<span class=\"_ _3\"></span>est based on short-term <span class=\"_ _3\"></span>floating market inter<span class=\"_ _3\"></span>est rates<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Interest <span class=\"_ _3\"></span>rates for <span class=\"_ _3\"></span>lease liabilities ar<span class=\"_ _3\"></span>e consider<span class=\"_ _3\"></span>ed to be the <span class=\"_ _3\"></span>discount rates at <span class=\"_ _3\"></span>the balance sheet date<span class=\"_ _351\"> </span>No<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>(2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m (i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ding <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs <span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>hel<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ale)) <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up\u2019s <span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>sub<span class=\"_ _0\"></span>je<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain<span class=\"_ _351\"> </span>obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ludin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial <span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>nant<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>igg<span class=\"_ _0\"></span>ers <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>any <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup\u2019s <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>acili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>uld<span class=\"_ _0\"></span> requi<span class=\"_ _0\"></span>re the Group to accele<span class=\"_ _0\"></span>rate or repay any facil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y for a given moveme<span class=\"_ _0\"></span>nt in the Group\u2019s credit rat<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>\u00a31<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>(20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>m) of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup\u2019s <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>cust<span class=\"_ _0\"></span>oma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>an-t<span class=\"_ _0\"></span>o-<span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>coven<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Grou<span class=\"_ _0\"></span>p h<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>veral <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>cures<span class=\"_ _0\"></span> available<span class=\"_ _3\"></span> in the<span class=\"_ _3\"></span> event<span class=\"_ _3\"></span> the stipulated loa<span class=\"_ _3\"></span>n-to-value ratio <span class=\"_ _3\"></span>is ex<span class=\"_ _3\"></span>ceeded<span class=\"_ _0\"></span>. F<span class=\"_ _3\"></span>ailur<span class=\"_ _3\"></span>e by <span class=\"_ _3\"></span>the Group<span class=\"_ _3\"></span> to satisfy its contractual <span class=\"_ _3\"></span>obligations under<span class=\"_ _3\"></span> the<span class=\"_ _351\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> te<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> am<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> De<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 none (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1: no<span class=\"_ _0\"></span>ne) of thes<span class=\"_ _0\"></span>e were in breach<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Sensitivity ana<span class=\"_ _3\"></span>ly<span class=\"_ _f\"></span>sis<span class=\"_ _351\"> </span>Se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s\u2002at\u200231\u2002D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er\u2002(al<span class=\"_ _0\"></span>l\u2002ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r\u2002var<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>les\u2002h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d\u2002con<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>)\u2002\u2013\u2002imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t\u2002on\u2002p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t\u2002af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r\u2002ta<span class=\"_ _0\"></span>xat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n\u2002an<span class=\"_ _0\"></span>d\u2002eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Sterling 10% weak<span class=\"_ _3\"></span>er against the <span class=\"_ _3\"></span>USD<span class=\"_ _2f0\"> </span><span class=\"ffc7 ls63 ws90\">(1,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>00)<span class=\"_ _a0\"> </span></span><span class=\"ls9a wsc7\">(1,687)<span class=\"_ _351\"> </span></span>Sterling 10% str<span class=\"_ _f\"></span>onger against the <span class=\"_ _3\"></span>USD<span class=\"_ _a2\"> </span><span class=\"ffc7 ls3 ws3\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>30<span class=\"_ _0\"></span>9 <span class=\"_ _6c\"> </span><span class=\"ffc8\">1,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>82<span class=\"_ _351\"> </span></span></span>Eur<span class=\"_ _3\"></span>o 10% weaker <span class=\"_ _3\"></span>against the USD<span class=\"_ _297\"> </span><span class=\"ffc7 ls68 ws95\">(46)<span class=\"_ _72\"> </span><span class=\"ffc6 ls3 ws3\">(22<span class=\"_ _0\"></span>7 )<span class=\"_ _351\"> </span></span></span>Eur<span class=\"_ _3\"></span>o 10% str<span class=\"_ _f\"></span>onger against the USD<span class=\"_ _18e\"> </span><span class=\"ffc7 ls3 ws3\">38 <span class=\"_ _62\"> </span><span class=\"ffc8\">185<span class=\"_ _351\"> </span></span></span>Sterling 10% weak<span class=\"_ _3\"></span>er against the <span class=\"_ _3\"></span>Euro<span class=\"_ _2f1\"> </span><span class=\"ffc7 ls63 ws90\">(17<span class=\"_ _0\"></span>)<span class=\"_ _2b\"> </span><span class=\"ffc6 ls65 ws92\">(<span class=\"_ _0\"></span>1 5)<span class=\"_ _351\"> </span></span></span>Sterling 10% str<span class=\"_ _f\"></span>onger against the <span class=\"_ _3\"></span>Euro<span class=\"_ _213\"> </span><span class=\"ffc7 ls62 ws8f\">14 <span class=\"_ _be\"> </span></span><span class=\"ls3 ws3\">12<span class=\"_ _351\"> </span></span>Commodity prices 10% lower<span class=\"_ _261\"> </span><span class=\"ffc7 ls77 wsa5\">(2<span class=\"_ _0\"></span>1)<span class=\"_ _84\"> </span><span class=\"ffc6 ls6e ws9b\">(17<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Commodity prices 10% higher<span class=\"_ _290\"> </span><span class=\"ffc7 ls3 ws3\">21 <span class=\"_ _1b5\"> </span><span class=\"ffc8\">17<span class=\"_ _351\"> </span></span></span>Inter<span class=\"_ _3\"></span>est rates <span class=\"_ _3\"></span>50 basis <span class=\"_ _3\"></span>points lower<span class=\"_ _1e0\"> </span><span class=\"ffc7 lsb5 ws9a\">(6<span class=\"_ _0\"></span>5)<span class=\"_ _85\"> </span><span class=\"ffc6 ls80 wsae\">(67)<span class=\"_ _351\"> </span></span></span>Inter<span class=\"_ _3\"></span>est rates <span class=\"_ _3\"></span>50 basis <span class=\"_ _3\"></span>points higher<span class=\"_ _217\"> </span><span class=\"ffc7 ls3 ws3\">6<span class=\"_ _0\"></span>4 <span class=\"_ _84\"> </span><span class=\"ffc8\">65<span class=\"_ _351\"> </span></span></span>C Shar<span class=\"_ _f\"></span>es and pa<span class=\"_ _f\"></span>yments <span class=\"_ _3\"></span>to shar<span class=\"_ _3\"></span>eholders<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>Com<span class=\"_ _0\"></span>pany <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ssue<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>cumul<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive <span class=\"_ _2\"></span>rede<span class=\"_ _0\"></span>ema<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>prefe<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>share<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(C <span class=\"_ _0\"></span>Sh<span class=\"_ _0\"></span>ares) <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>alt<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ayin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nd. <span class=\"_ _2\"></span>C <span class=\"_ _0\"></span>Sha<span class=\"_ _0\"></span>res <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> re<span class=\"_ _3\"></span>spect o<span class=\"_ _3\"></span>f a y<span class=\"_ _3\"></span>ear<span class=\"_ _3\"></span> are<span class=\"_ _3\"></span> issu<span class=\"_ _3\"></span>ed in<span class=\"_ _3\"></span> the f<span class=\"_ _3\"></span>ollo<span class=\"_ _3\"></span>wing<span class=\"_ _3\"></span> yea<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>. Shar<span class=\"_ _f\"></span>eholder<span class=\"_ _3\"></span>s ar<span class=\"_ _3\"></span>e ab<span class=\"_ _3\"></span>le to<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>red<span class=\"_ _3\"></span>eem an<span class=\"_ _f\"></span>y num<span class=\"_ _3\"></span>ber of<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>thei<span class=\"_ _3\"></span>r C S<span class=\"_ _3\"></span>har<span class=\"_ _3\"></span>es fo<span class=\"_ _3\"></span>r cas<span class=\"_ _3\"></span>h. An<span class=\"_ _3\"></span>y C Sh<span class=\"_ _3\"></span>are<span class=\"_ _3\"></span>s<span class=\"_ _351\"> </span>reta<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d at<span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>a di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end <span class=\"_ _0\"></span>of B<span class=\"_ _0\"></span>ank o<span class=\"_ _0\"></span>f Eng<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>d ba<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ate o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e 0.<span class=\"_ _0\"></span>1p no<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>l valu<span class=\"_ _0\"></span>e of <span class=\"_ _0\"></span>each <span class=\"_ _0\"></span>share<span class=\"_ _0\"></span>, pa<span class=\"_ _0\"></span>id o<span class=\"_ _0\"></span>n a t<span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>-yea<span class=\"_ _0\"></span>rly <span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d have<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>te<span class=\"_ _2\"></span>d vo<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> rig<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>. Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> op<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n to co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ul<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> red<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e C Sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> at any<span class=\"_ _0\"></span> tim<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> if th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ag<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> num<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f C Sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> in issue is les<span class=\"_ _0\"></span>s than 10<span class=\"_ _0\"></span>% of the ag<span class=\"_ _0\"></span>greg<span class=\"_ _0\"></span>ate numb<span class=\"_ _0\"></span>er of C Shares issue<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, or on the acqui<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion or ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al res<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing of the Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny.<span class=\"_ _351\"> </span>Move<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in issue<span class=\"_ _0\"></span>d and full<span class=\"_ _0\"></span>y paid C Share<span class=\"_ _0\"></span>s during th<span class=\"_ _0\"></span>e year were as follo<span class=\"_ _0\"></span>ws:<span class=\"_ _351\"> </span>2022<span class=\"_ _16c\"> </span><span class=\"ffc6\">2021<span class=\"_ _351\"> </span></span>Millions<span class=\"_ _351\"> </span>Nominal<span class=\"_ _351\"> </span>value<span class=\"_ _351\"> </span>\u00a3m <span class=\"_ _95\"> </span><span class=\"ffc8 ls11e ws147\">Millions<span class=\"_ _351\"> </span></span>Nominal<span class=\"_ _351\"> </span>value<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January<span class=\"_ _287\"> </span><span class=\"ffc7 ls3 ws3\">24,<span class=\"_ _0\"></span>928 <span class=\"_ _c8\"> </span>2<span class=\"_ _0\"></span>5 <span class=\"_ _6a\"> </span></span><span class=\"lsd0 wsfa\">2<span class=\"_ _2\"></span>7,<span class=\"_ _b\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span> <span class=\"_ _c8\"> </span><span class=\"ls3 ws3\">28<span class=\"_ _351\"> </span></span></span>Redeemed<span class=\"_ _19a\"> </span><span class=\"ffc7 ls6d wscb\">(1,0<span class=\"_ _0\"></span>73)<span class=\"_ _c4\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _156\"> </span><span class=\"ffc8 ls64 ws91\">(2,<span class=\"_ _0\"></span>612)<span class=\"_ _1b5\"> </span></span></span></span><span class=\"ls6b ws98\">(3)<span class=\"_ _351\"> </span></span>At 31 <span class=\"_ _3\"></span>December<span class=\"_ _2f2\"> </span><span class=\"ffc7 lsa9 wsd6\">23,855 <span class=\"_ _28f\"> </span><span class=\"ls3 ws3\">24 <span class=\"_ _6a\"> </span></span></span><span class=\"ls62 ws8f\">24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>28 <span class=\"_ _c8\"> </span><span class=\"ls3 ws3\">25<span class=\"_ _351\"> </span></span></span>Paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o sha<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e of <span class=\"_ _0\"></span>C S<span class=\"_ _0\"></span>hares <span class=\"_ _0\"></span>to b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>issu<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>. Th<span class=\"_ _0\"></span>ere h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n no <span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ues<span class=\"_ _0\"></span> (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: no issu<span class=\"_ _0\"></span>es) of C Shares decl<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d in respe<span class=\"_ _0\"></span>ct of the year to 31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>21\u2002<span class=\"_ _c\"> </span>Provision<span class=\"_ _3\"></span>s\u2002for\u2002liabilities\u2002and\u2002char<span class=\"_ _3\"></span>ges<span class=\"_ _351\"> </span>At 31<span class=\"_ _0\"></span> Decembe<span class=\"_ _0\"></span>r\u20022021 a<span class=\"_ _3\"></span>s<span class=\"_ _351\"> </span>previously\u2002repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>On <span class=\"_ _3\"></span>adoption<span class=\"_ _351\"> </span>of amendment<span class=\"_ _351\"> </span>to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 37<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At<span class=\"_ _351\"> </span>1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> 2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Charged<span class=\"_ _351\"> </span>to inco<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span> statement<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Revers<span class=\"_ _0\"></span>ed<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Utilis<span class=\"_ _0\"></span>ed<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Exchange<span class=\"_ _351\"> </span>differences<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At 31<span class=\"_ _0\"></span> Decembe<span class=\"_ _0\"></span>r\u20022022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Contrac<span class=\"_ _0\"></span>t losses<span class=\"_ _116\"> </span><span class=\"ffd1 ls3 ws3\">845 <span class=\"_ _157\"> </span>72<span class=\"_ _0\"></span>3 <span class=\"_ _5d\"> </span><span class=\"ffd0\">1,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>68 <span class=\"_ _124\"> </span><span class=\"ls6c ws99\">520<span class=\"_ _0\"></span> <span class=\"_ _269\"> </span><span class=\"lsb5 ws9a\">(<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5)<span class=\"_ _87\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6)<span class=\"_ _60\"> </span></span></span></span>5 <span class=\"_ _74\"> </span><span class=\"ls6e ws9b\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>592<span class=\"_ _351\"> </span></span></span></span>Warranty and <span class=\"_ _3\"></span>guarantees <span class=\"_ _eb\"> </span><span class=\"ffd1 ls3 ws3\">305 <span class=\"_ _84\"> </span>\u2013<span class=\"_ _99\"> </span><span class=\"ffd0\">30<span class=\"_ _0\"></span>5<span class=\"_ _6f\"> </span>98 <span class=\"_ _61\"> </span><span class=\"ls77 wsa5\">(20)<span class=\"_ _61\"> </span></span></span></span><span class=\"ffd0\">(87<span class=\"_ _0\"></span>)<span class=\"_ _6f\"> </span><span class=\"ls3 ws3\">21 <span class=\"_ _7f\"> </span><span class=\"ls77 wsa5\">317<span class=\"_ _0\"></span> </span></span></span>T<span class=\"_ _f\"></span>ren<span class=\"_ _0\"></span>t 10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 was<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ge cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _e2\"> </span><span class=\"ffd1 ls3 ws3\">157 <span class=\"_ _84\"> </span>\u2013<span class=\"_ _72\"> </span><span class=\"ffd0 ls6c ws99\">157<span class=\"_ _21\"> </span></span><span class=\"ffd0\">1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6 <span class=\"_ _2b\"> </span>\u2013<span class=\"_ _72\"> </span><span class=\"ls74 wsa2\">(8<span class=\"_ _0\"></span>4)<span class=\"_ _ae\"> </span></span>\u2013<span class=\"_ _71\"> </span>17<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span>Insurance<span class=\"_ _1f5\"> </span><span class=\"ffd1 ls7b wsaa\">52 <span class=\"_ _84\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _1a\"> </span></span></span><span class=\"ffd0\">52<span class=\"_ _7b\"> </span><span class=\"ls3 ws3\">15 <span class=\"_ _7d\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>0)<span class=\"_ _26\"> </span><span class=\"lsa9 wsd6\">(7)<span class=\"_ _ae\"> </span></span></span>\u2013<span class=\"_ _86\"> </span>4<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span></span>Empl<span class=\"_ _0\"></span>oyer liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y claims<span class=\"_ _2a8\"> </span><span class=\"ffd1 ls63 ws90\">47 <span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _1a\"> </span><span class=\"ffd0 ls83 wsb1\">47<span class=\"_ _58\"> </span></span><span class=\"ffd0\">3 <span class=\"_ _71\"> </span><span class=\"ls74 wsa2\">(14)<span class=\"_ _26\"> </span><span class=\"ls6d wscb\">(<span class=\"_ _0\"></span>3)<span class=\"_ _ae\"> </span></span></span>\u2013<span class=\"_ _1a\"> </span>33<span class=\"_ _351\"> </span></span></span></span>Restruc<span class=\"_ _0\"></span>turing<span class=\"_ _51\"> </span><span class=\"ffd1 ls3 ws3\">21 <span class=\"_ _2b\"> </span>\u2013<span class=\"_ _7b\"> </span><span class=\"ffd0\">2<span class=\"_ _0\"></span>1<span class=\"_ _58\"> </span>\u2013<span class=\"_ _73\"> </span><span class=\"ls63 ws90\">(10)<span class=\"_ _6f\"> </span>(6<span class=\"_ _0\"></span>)<span class=\"_ _c8\"> </span></span>1<span class=\"_ _de\"> </span>6<span class=\"_ _351\"> </span></span></span>Customer <span class=\"_ _3\"></span>financing<span class=\"_ _108\"> </span><span class=\"ffd1 ls3 ws3\">17 <span class=\"_ _84\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ffd0\">17<span class=\"_ _58\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"lsa9 wsd6\">(7)<span class=\"_ _67\"> </span><span class=\"ls63 ws90\">(10)<span class=\"_ _ae\"> </span></span></span>\u2013<span class=\"_ _58\"> </span>\u2013<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>x rel<span class=\"_ _0\"></span>ated inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t and pena<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ies<span class=\"_ _162\"> </span><span class=\"ffd1 ls3 ws3\">14 <span class=\"_ _84\"> </span>\u2013<span class=\"_ _15a\"> </span><span class=\"ffd0 ls62 ws8f\">14<span class=\"_ _a8\"> </span></span><span class=\"ffd0\">3 <span class=\"_ _1a\"> </span><span class=\"ls77 wsa5\">(2)<span class=\"_ _2b\"> </span></span>\u2013<span class=\"_ _b6\"> </span>1 <span class=\"_ _86\"> </span>1<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>Other<span class=\"_ _204\"> </span><span class=\"ffd1 ls62 ws8f\">124 <span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _72\"> </span><span class=\"ffd0\">124<span class=\"_ _62\"> </span><span class=\"ls83 wsb1\">47 <span class=\"_ _71\"> </span><span class=\"ls63 ws90\">(18<span class=\"_ _0\"></span>)<span class=\"_ _26\"> </span><span class=\"lsa9 wsd6\">(7)<span class=\"_ _7b\"> </span></span></span></span>4 <span class=\"_ _6c\"> </span>1<span class=\"_ _0\"></span>50<span class=\"_ _351\"> </span></span></span></span>1,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>82 <span class=\"_ _157\"> </span>72<span class=\"_ _0\"></span>3 <span class=\"_ _9c\"> </span><span class=\"ffd0\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>305 <span class=\"_ _157\"> </span>792 <span class=\"_ _269\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _156\"> </span><span class=\"ls77 wsa5\">(31<span class=\"_ _0\"></span>0)<span class=\"_ _5c\"> </span><span class=\"ls60 ws8d\">32 <span class=\"_ _1f7\"> </span><span class=\"lsaa wsd7\">2,<span class=\"_ _0\"></span>333<span class=\"_ _351\"> </span></span></span></span></span></span>Current<span class=\"_ _3\"></span> liabilities<span class=\"_ _121\"> </span><span class=\"ffd1 ls63 ws90\">475 <span class=\"_ _1c\"> </span><span class=\"ffd0 ls5c ws8a\">513<span class=\"_ _0\"></span> <span class=\"_ _2f3\"> </span><span class=\"ls60 ws8d\">632<span class=\"_ _351\"> </span></span></span></span>Non-<span class=\"_ _0\"></span>current<span class=\"_ _3\"></span> liabilities<span class=\"_ _10\"> </span><span class=\"ffd1\">1,1<span class=\"_ _0\"></span>07 <span class=\"_ _167\"> </span><span class=\"ffd0 ls5c ws8a\">1<span class=\"_ _2\"></span>,79<span class=\"_ _0\"></span>2 <span class=\"_ _2aa\"> </span>1<span class=\"_ _0\"></span>,70<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> </span></span>1<span class=\"_ _351\"> </span>The charge to <span class=\"_ _3\"></span>the income statement in<span class=\"_ _3\"></span>cludes \u00a333m (2021: \u00a332m) as <span class=\"_ _3\"></span>a res<span class=\"_ _3\"></span>ult of the unwinding <span class=\"_ _3\"></span>of the discounting of <span class=\"_ _3\"></span>provisions <span class=\"_ _3\"></span>previously r<span class=\"_ _f\"></span>ecognised<span class=\"_ _351\"> </span>Contr<span class=\"_ _3\"></span>act losses<span class=\"_ _351\"> </span>Provis<span class=\"_ _0\"></span>ions <span class=\"_ _2\"></span>for <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>direc<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>ful<span class=\"_ _0\"></span>fil <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>bei<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>ater <span class=\"_ _2\"></span>than <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _33\"></span><span class=\"ffd1 ls3 ws3\"> </span>revenu<span class=\"_ _0\"></span>e. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>result <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dmen<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>7 <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>J<span class=\"_ _0\"></span>anu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>hav<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> mea<span class=\"_ _0\"></span>sured <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>full<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>asis <span class=\"_ _2\"></span>resul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>\u00a3<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3m <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ncrea<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>tot<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>at <span class=\"_ _0\"></span>1 <span class=\"_ _2\"></span>Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>(se<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ote <span class=\"_ _0\"></span>1 <span class=\"_ _2\"></span>for<span class=\"_ _351\"> </span>det<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s). <span class=\"_ _0\"></span>Du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>add<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>0m <span class=\"_ _0\"></span>hav<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>result <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span> e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>LT<span class=\"_ _b\"></span>S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _b\"></span>1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>P<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>A<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> resul<span class=\"_ _0\"></span>ting <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>nal <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ich w<span class=\"_ _0\"></span>ere <span class=\"_ _0\"></span>previ<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>elimi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>\u00a33<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5m <span class=\"_ _0\"></span>prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>sly<span class=\"_ _0\"></span> reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _f\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>een <span class=\"_ _3\"></span>revers<span class=\"_ _0\"></span>ed <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g <span class=\"_ _f\"></span>imp<span class=\"_ _0\"></span>rovemen<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>cos<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>acros<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>va<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>us <span class=\"_ _f\"></span>l<span class=\"_ _0\"></span>arge <span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>pro<span class=\"_ _0\"></span>gram<span class=\"_ _0\"></span>mes <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>resu<span class=\"_ _0\"></span>lt <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al <span class=\"_ _33\"></span><span class=\"ffd1 ls3 ws3\"> </span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e of<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>re<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> refl<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>, in<span class=\"_ _0\"></span> ea<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>, th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> sin<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> The prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns are expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed to be ut<span class=\"_ _0\"></span>ilis<span class=\"_ _0\"></span>ed over the te<span class=\"_ _0\"></span>rm of the cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y with<span class=\"_ _0\"></span>in 8 to <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>6 years<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>W<span class=\"_ _f\"></span>arran<span class=\"_ _3\"></span>ty and guar<span class=\"_ _3\"></span>antees<span class=\"_ _351\"> </span>Provis<span class=\"_ _0\"></span>ions <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r wa<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>guar<span class=\"_ _0\"></span>ante<span class=\"_ _0\"></span>es p<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>te to <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>an a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _351\"> </span>cos<span class=\"_ _0\"></span>ts rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to future cla<span class=\"_ _0\"></span>ims bas<span class=\"_ _0\"></span>ed on pas<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ence<span class=\"_ _0\"></span>. The prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n gene<span class=\"_ _0\"></span>rall<span class=\"_ _0\"></span>y covers a per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of up to <span class=\"_ _3\"></span>thre<span class=\"_ _0\"></span>e years<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> T<span class=\"_ _f\"></span>rent <span class=\"_ _3\"></span>1000 w<span class=\"_ _3\"></span>astage <span class=\"_ _3\"></span>costs<span class=\"_ _351\"> </span>In <span class=\"_ _0\"></span>N<span class=\"_ _0\"></span>ovemb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>01<span class=\"_ _0\"></span>9, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nnou<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>outc<span class=\"_ _0\"></span>ome <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>rough <span class=\"_ _2\"></span>techni<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>revi<span class=\"_ _0\"></span>ew <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>T<span class=\"_ _3\"></span>rent <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>EN<span class=\"_ _0\"></span> pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e, f<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g te<span class=\"_ _0\"></span>chnic<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>ssue<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch we<span class=\"_ _0\"></span>re id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n 2<span class=\"_ _0\"></span>01<span class=\"_ _0\"></span>9, <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g in a <span class=\"_ _0\"></span>revis<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>elin<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d a m<span class=\"_ _0\"></span>ore co<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate <span class=\"_ _0\"></span>of<span class=\"_ _351\"> </span>dur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y for th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d HP<span class=\"_ _0\"></span> tur<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e bl<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e TE<span class=\"_ _0\"></span>N var<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Du<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p has<span class=\"_ _0\"></span> uti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d \u00a38<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> of the T<span class=\"_ _3\"></span>ren<span class=\"_ _0\"></span>t 10<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span> cost<span class=\"_ _0\"></span>s provision. This represents customer disruption cost<span class=\"_ _0\"></span>s and r<span class=\"_ _3\"></span>eme<span class=\"_ _0\"></span>diation shop visit costs<span class=\"_ _0\"></span>. During the year<span class=\"_ _f\"></span>, addit<span class=\"_ _0\"></span>ional T<span class=\"_ _f\"></span>rent 10<span class=\"_ _0\"></span>00 cost<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>of \u00a31<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6m rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to <span class=\"_ _3\"></span>was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age have bee<span class=\"_ _0\"></span>n recogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d reflec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing del<span class=\"_ _0\"></span>ays in <span class=\"_ _3\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion which have led to <span class=\"_ _3\"></span>revi<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d cost and timing est<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The val<span class=\"_ _0\"></span>ue of the remain<span class=\"_ _0\"></span>ing provi<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n refle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e single mos<span class=\"_ _0\"></span>t likely ou<span class=\"_ _0\"></span>tcom<span class=\"_ _0\"></span>e and is expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed to be uti<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>ed over the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>-2024<span class=\"_ _2\"></span>.<span class=\"_ _351\"> </span>Insur<span class=\"_ _3\"></span>ance<span class=\"_ _351\"> </span>The <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s <span class=\"_ _f\"></span>cap<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _f\"></span>insur<span class=\"_ _0\"></span>ance <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any <span class=\"_ _f\"></span>ret<span class=\"_ _0\"></span>ains <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>exp<span class=\"_ _0\"></span>osures <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>insure<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>on <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>eha<span class=\"_ _0\"></span>lf <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>main<span class=\"_ _0\"></span>der <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>Grou<span class=\"_ _0\"></span>p, <span class=\"_ _f\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _f\"></span>incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span> po<span class=\"_ _0\"></span>licie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>aim<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyer <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>heal<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>re cl<span class=\"_ _0\"></span>aim<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ays <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>occu<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>of<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>j<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> in<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _b\"></span>, th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> wh<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>k<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> at th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>insura<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s are b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n info<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on cu<span class=\"_ _0\"></span>rrent<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, h<span class=\"_ _0\"></span>oweve<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>, it i<span class=\"_ _0\"></span>s inh<span class=\"_ _0\"></span>erent <span class=\"_ _0\"></span>in th<span class=\"_ _0\"></span>e na<span class=\"_ _0\"></span>ture o<span class=\"_ _0\"></span>f<span class=\"_ _351\"> </span>the <span class=\"_ _3\"></span>busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _f\"></span>u<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>imate <span class=\"_ _3\"></span>lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>ay <span class=\"_ _f\"></span>va<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>requ<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>cl<span class=\"_ _0\"></span>aims <span class=\"_ _3\"></span>dif<span class=\"_ _2\"></span>fer<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>fro<span class=\"_ _0\"></span>m <span class=\"_ _f\"></span>es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>Prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns <span class=\"_ _f\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding <span class=\"_ _3\"></span>cla<span class=\"_ _0\"></span>ims<span class=\"_ _351\"> </span>are est<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>ishe<span class=\"_ _0\"></span>d to cover the out<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y as well as claim<span class=\"_ _0\"></span>s incurre<span class=\"_ _0\"></span>d but not yet repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d.<span class=\"_ _351\"> </span>Employ<span class=\"_ _f\"></span>er liability claims<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mplo<span class=\"_ _0\"></span>yer <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>eal<span class=\"_ _0\"></span>thc<span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>aims <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>result <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>his<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>cy <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>revi<span class=\"_ _0\"></span>ous <span class=\"_ _2\"></span>provi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>is<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to be utili<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d over the nex<span class=\"_ _0\"></span>t 30 years<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Customer fin<span class=\"_ _3\"></span>ancing<span class=\"_ _351\"> </span>Cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>fin<span class=\"_ _0\"></span>ancin<span class=\"_ _0\"></span>g <span class=\"_ _f\"></span>prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>mad<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>to <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>over <span class=\"_ _f\"></span>gu<span class=\"_ _0\"></span>aran<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>as<span class=\"_ _0\"></span>set <span class=\"_ _3\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>an<span class=\"_ _0\"></span>d/<span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>finan<span class=\"_ _0\"></span>cing <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>it <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>prob<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> will <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>The<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>sco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup\u2019s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>orro<span class=\"_ _0\"></span>wing <span class=\"_ _2\"></span>rate <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ime <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>pan <span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>osures <span class=\"_ _2\"></span>coul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ircraf<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>provi<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>curi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>fro<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span>ist <span class=\"_ _2\"></span>aircraf<span class=\"_ _2\"></span>t <span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>prai<span class=\"_ _0\"></span>ser. T<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>were <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _351\"> </span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>D<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _b\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _b\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>:<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>)<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts wh<span class=\"_ _0\"></span>ere the pay<span class=\"_ _0\"></span>ment is not prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e. Se<span class=\"_ _0\"></span>e note 2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>21\u2002<span class=\"_ _c\"> </span>Provision<span class=\"_ _3\"></span>s\u2002for\u2002liabilities\u2002and\u2002cha<span class=\"_ _3\"></span>rges\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>ax <span class=\"_ _3\"></span>related <span class=\"_ _3\"></span>inter<span class=\"_ _3\"></span>est and <span class=\"_ _3\"></span>penalties<span class=\"_ _351\"> </span>Pro<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s for<span class=\"_ _0\"></span> ta<span class=\"_ _0\"></span>x rel<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> and pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s rel<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> to unce<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> pos<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span> in som<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e jur<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ic<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span> in <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Ut<span class=\"_ _0\"></span>ilis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of the provisi<span class=\"_ _0\"></span>ons wil<span class=\"_ _0\"></span>l depe<span class=\"_ _0\"></span>nd on the tim<span class=\"_ _0\"></span>ing of resol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ion of the iss<span class=\"_ _0\"></span>ues wi<span class=\"_ _0\"></span>th the rele<span class=\"_ _0\"></span>vant ta<span class=\"_ _0\"></span>x aut<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s.<span class=\"_ _351\"> </span>Other<span class=\"_ _351\"> </span>Dur<span class=\"_ _0\"></span>ing the year<span class=\"_ _3\"></span>, \u00a347m <span class=\"_ _3\"></span>of othe<span class=\"_ _0\"></span>r provisio<span class=\"_ _0\"></span>ns have been charge<span class=\"_ _0\"></span>d to <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e income st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>. The items tha<span class=\"_ _0\"></span>t make <span class=\"_ _3\"></span>up the charge in <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e year are<span class=\"_ _351\"> </span>individ<span class=\"_ _3\"></span>ually im<span class=\"_ _3\"></span>material<span class=\"_ _3\"></span> and pr<span class=\"_ _3\"></span>edominate<span class=\"_ _3\"></span>ly relat<span class=\"_ _3\"></span>e to c<span class=\"_ _3\"></span>laims. At 3<span class=\"_ _3\"></span>1 December <span class=\"_ _3\"></span>202<span class=\"_ _0\"></span>2, other pro<span class=\"_ _3\"></span>visions<span class=\"_ _3\"></span> include<span class=\"_ _3\"></span>s those it<span class=\"_ _3\"></span>ems, as wel<span class=\"_ _3\"></span>l as other<span class=\"_ _3\"></span>s<span class=\"_ _351\"> </span>(p<span class=\"_ _0\"></span>redo<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y su<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>ier <span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ims), w<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>leg<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>roc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s are <span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>nd u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>will <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>d up<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>eir <span class=\"_ _0\"></span>reso<span class=\"_ _0\"></span>lut<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>valu<span class=\"_ _0\"></span>e of the provisi<span class=\"_ _0\"></span>on refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the singl<span class=\"_ _0\"></span>e most like<span class=\"_ _0\"></span>ly outc<span class=\"_ _0\"></span>ome in each ca<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>22\u2002<span class=\"_ _c\"> </span>Post<span class=\"_ _3\"></span>-retirem<span class=\"_ _3\"></span>ent\u2002benefits<span class=\"_ _351\"> </span>The Gro<span class=\"_ _0\"></span>up ope<span class=\"_ _0\"></span>rates a numbe<span class=\"_ _0\"></span>r of define<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t and defin<span class=\"_ _0\"></span>ed cont<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n scheme<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>U<span class=\"_ _2\"></span>K<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _b\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>U<span class=\"_ _2\"></span>K<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>D<span class=\"_ _b\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0 for al<span class=\"_ _0\"></span>l ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span>re are no new<span class=\"_ _0\"></span> defi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t acc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e UK sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. As<span class=\"_ _0\"></span> at 31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e was<span class=\"_ _0\"></span> es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ted to be fun<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d at 10<span class=\"_ _0\"></span>9% on th<span class=\"_ _0\"></span>e T<span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>chnic<span class=\"_ _0\"></span>al Provis<span class=\"_ _0\"></span>ions ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>U<span class=\"_ _2\"></span>K<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>R<span class=\"_ _2\"></span>R<span class=\"_ _2\"></span>R<span class=\"_ _2\"></span>S<span class=\"_ _b\"></span>T<span class=\"_ _2\"></span>)<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>P<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> are g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rall<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s a <span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>rifi<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>which <span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>agre<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>to a <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>gross <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l p<span class=\"_ _0\"></span>ay i<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n fo<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _351\"> </span>maki<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onal <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>heir <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>half. <span class=\"_ _2\"></span>As <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ecre<span class=\"_ _0\"></span>ase <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>ges <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>sal<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span> increa<span class=\"_ _0\"></span>se in pen<span class=\"_ _0\"></span>sion cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of \u00a34<span class=\"_ _0\"></span>6m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a345<span class=\"_ _0\"></span>m) in the year<span class=\"_ _3\"></span>.<span class=\"_ _351\"> </span>Ove<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit <span class=\"_ _2\"></span>sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>mix<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>fun<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>fund<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>pl<span class=\"_ _0\"></span>ans <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>provi<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>lin<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ith <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ce.<span class=\"_ _0\"></span> Addi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span>ly, in <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup\u2019s <span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>prac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>inclu<span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>of<span class=\"_ _0\"></span> heal<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>care and li<span class=\"_ _0\"></span>fe insuran<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s for retire<span class=\"_ _0\"></span>d empl<span class=\"_ _0\"></span>oyee<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Thes<span class=\"_ _0\"></span>e healt<span class=\"_ _0\"></span>hc<span class=\"_ _0\"></span>are sche<span class=\"_ _0\"></span>mes are unfun<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d.<span class=\"_ _351\"> </span>Th<span class=\"_ _0\"></span>e valua<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s of the de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span> sche<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span> are base<span class=\"_ _0\"></span>d on the<span class=\"_ _0\"></span> result<span class=\"_ _0\"></span>s of the<span class=\"_ _0\"></span> most<span class=\"_ _0\"></span> recen<span class=\"_ _0\"></span>t fundi<span class=\"_ _0\"></span>ng val<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re relev<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>, up<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed by<span class=\"_ _0\"></span> the sch<span class=\"_ _0\"></span>eme ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es to 31 Dece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Changes to <span class=\"_ _3\"></span>the defined benefit scheme<span class=\"_ _351\"> </span>As at 31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, a cons<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on has be<span class=\"_ _0\"></span>en reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed for the ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>sion of the B<span class=\"_ _0\"></span>rid<span class=\"_ _0\"></span>ging Pensi<span class=\"_ _0\"></span>on Op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n (BP<span class=\"_ _0\"></span>O) to other<span class=\"_ _0\"></span> defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d memb<span class=\"_ _0\"></span>ers in RR<span class=\"_ _0\"></span>UK<span class=\"_ _0\"></span>PF<span class=\"_ _3\"></span>. As a result<span class=\"_ _0\"></span>, a past se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice credi<span class=\"_ _0\"></span>t of \u00a36m has be<span class=\"_ _0\"></span>en reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g oper<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>R<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>R<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>N<span class=\"_ _2\"></span>o<span class=\"_ _b\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>A<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _b\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _b\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>O<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _b\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> were <span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>nsf<span class=\"_ _0\"></span>erre<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to L<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ral <span class=\"_ _0\"></span>Am<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ica <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>bulk <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>nuit<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>rchase <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>were <span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>fro<span class=\"_ _0\"></span>m t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Thi<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>resulte<span class=\"_ _0\"></span>d in a set<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>leme<span class=\"_ _0\"></span>nt loss of \u00a3<span class=\"_ _0\"></span>7m.<span class=\"_ _351\"> </span>During <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>year<span class=\"_ _f\"></span>, <span class=\"_ _3\"></span>Power <span class=\"_ _f\"></span>Systems <span class=\"_ _f\"></span>replaced <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>number <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>their <span class=\"_ _f\"></span>exist<span class=\"_ _0\"></span>ing <span class=\"_ _f\"></span>defined <span class=\"_ _3\"></span>benefit <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>chemes <span class=\"_ _f\"></span>with <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>new <span class=\"_ _3\"></span>company <span class=\"_ _f\"></span>pension <span class=\"_ _f\"></span>scheme <span class=\"_ _f\"></span>to <span class=\"_ _f\"></span>of<span class=\"_ _0\"></span>fer<span class=\"_ _351\"> </span>paym<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>The <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ew <span class=\"_ _0\"></span>sy<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>m, <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>simil<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>sche<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>guar<span class=\"_ _0\"></span>ante<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>from <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>acc<span class=\"_ _0\"></span>orda<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rman <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>egi<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>rest <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>risk<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyer <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _351\"> </span>fut<span class=\"_ _0\"></span>ure <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Inves<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>Swis<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>Li<span class=\"_ _0\"></span>fe. <span class=\"_ _0\"></span>A <span class=\"_ _2\"></span>pas<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice <span class=\"_ _2\"></span>credi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>has <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>hin non<span class=\"_ _0\"></span>-un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>22\u2002<span class=\"_ _c\"> </span>Post-r<span class=\"_ _3\"></span>etirement\u2002benefit<span class=\"_ _0\"></span>s\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Amounts <span class=\"_ _3\"></span>recognised in <span class=\"_ _3\"></span>the income s<span class=\"_ _3\"></span>tatement<span class=\"_ _351\"> </span>2022<span class=\"_ _51\"> </span><span class=\"ffd1\">2021<span class=\"_ _351\"> </span></span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Ove<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>as<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Overseas<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Defined benefit schemes:<span class=\"_ _351\"> </span>Curr<span class=\"_ _3\"></span>ent service cost <span class=\"_ _3\"></span>and administrativ<span class=\"_ _3\"></span>e expenses<span class=\"_ _1d\"> </span><span class=\"ffd0 ls3 ws3\">8 <span class=\"_ _28f\"> </span>44 <span class=\"_ _75\"> </span><span class=\"ls6c ws99\">52 <span class=\"_ _58\"> </span></span><span class=\"ffd1\">10 <span class=\"_ _58\"> </span><span class=\"ffd2\">61 <span class=\"_ _1b5\"> </span></span>7<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span></span>Past-service cr<span class=\"_ _f\"></span>edit and settlement loss<span class=\"_ _2f4\"> </span><span class=\"ffd0 ls63 ws90\">(6)<span class=\"_ _ae\"> </span>(19)<span class=\"_ _85\"> </span><span class=\"lsb5 ws9a\">(2<span class=\"_ _0\"></span>5)<span class=\"_ _84\"> </span></span></span><span class=\"ls65 ws92\">(1<span class=\"_ _0\"></span>5)<span class=\"_ _85\"> </span><span class=\"ls6b ws98\">(3<span class=\"_ _0\"></span>3)<span class=\"_ _85\"> </span><span class=\"ls74 wsa2\">(48<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span>2 <span class=\"_ _c8\"> </span>25 <span class=\"_ _de\"> </span>27 <span class=\"_ _bb\"> </span><span class=\"ffd2 ls65 ws92\">(5)<span class=\"_ _c8\"> </span></span><span class=\"ffd1\">28<span class=\"_ _bb\"> </span>2<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span>Defined contribution schemes<span class=\"_ _100\"> </span><span class=\"ffd0 ls3 ws3\">154 <span class=\"_ _75\"> </span>87 <span class=\"_ _85\"> </span><span class=\"ls74 wsa2\">241 <span class=\"_ _1a\"> </span></span><span class=\"ffd2\">14<span class=\"_ _0\"></span>6 <span class=\"_ _57\"> </span><span class=\"ffd1\">81 <span class=\"_ _26\"> </span>22<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span></span></span>Op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing\u2002co<span class=\"_ _0\"></span>st<span class=\"_ _2d4\"> </span><span class=\"ffd0 ls3 ws3\">15<span class=\"_ _0\"></span>6 <span class=\"_ _2b\"> </span>112 <span class=\"_ _73\"> </span>26<span class=\"_ _0\"></span>8 <span class=\"_ _2b\"> </span><span class=\"ffd1 ls6c ws99\">1<span class=\"_ _0\"></span>41 <span class=\"_ _6f\"> </span><span class=\"ffd2 ls66 ws93\">109 <span class=\"_ _83\"> </span></span></span><span class=\"ffd1\">25<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span></span>Ne<span class=\"_ _0\"></span>t financin<span class=\"_ _0\"></span>g (credit<span class=\"_ _0\"></span>)/charge in respec<span class=\"_ _0\"></span>t of defi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>benefit schemes<span class=\"_ _2e1\"> </span><span class=\"ffd0 ls77 wsa5\">(21)<span class=\"_ _28f\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>3<span class=\"_ _bf\"> </span>2 <span class=\"_ _ae\"> </span></span></span><span class=\"ls80 wsae\">(16)<span class=\"_ _58\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>9<span class=\"_ _f4\"> </span><span class=\"ffd1\">3<span class=\"_ _351\"> </span></span></span></span>T<span class=\"_ _f\"></span>ot<span class=\"_ _0\"></span>al\u2002in<span class=\"_ _0\"></span>come\u2002s<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t\u2002charge<span class=\"_ _28a\"> </span><span class=\"ffd0 ls6e ws9b\">135 <span class=\"_ _62\"> </span>13<span class=\"_ _0\"></span>5 <span class=\"_ _86\"> </span><span class=\"ls7b wsaa\">2<span class=\"_ _0\"></span>70 <span class=\"_ _85\"> </span><span class=\"ffd1 ls3 ws3\">125 <span class=\"_ _85\"> </span>128 <span class=\"_ _86\"> </span>2<span class=\"_ _0\"></span>53<span class=\"_ _351\"> </span></span></span></span>The op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g cost is charg<span class=\"_ _0\"></span>ed as foll<span class=\"_ _0\"></span>ows<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>Defined\u2002benefit<span class=\"_ _19\"> </span>Defined\u2002contribution<span class=\"_ _1d\"> </span><span class=\"ffd0 ls241 ws2b2\">To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _351\"> </span></span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Cos<span class=\"_ _0\"></span>t of sale<span class=\"_ _0\"></span>s<span class=\"_ _2f5\"> </span><span class=\"ffd0 ls62 ws8f\">37 <span class=\"_ _2b\"> </span><span class=\"ffd1 ls3 ws3\">50 <span class=\"_ _1a\"> </span></span><span class=\"ls5a ws9f\">168<span class=\"_ _3\"></span> <span class=\"_ _62\"> </span><span class=\"ffd1 ls3 ws3\">158 <span class=\"_ _73\"> </span><span class=\"ffd0\">205 <span class=\"_ _83\"> </span></span>20<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span>Co<span class=\"_ _0\"></span>mmerci<span class=\"_ _0\"></span>al and admini<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ive cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _130\"> </span><span class=\"ffd0 ls63 ws90\">(17<span class=\"_ _0\"></span>)<span class=\"_ _62\"> </span></span><span class=\"ls62 ws8f\">(<span class=\"_ _0\"></span>38)<span class=\"_ _28f\"> </span><span class=\"ffd0 ls3 ws3\">38 <span class=\"_ _75\"> </span><span class=\"ffd1 ls6b ws98\">32 <span class=\"_ _be\"> </span></span>21 <span class=\"_ _be\"> </span></span><span class=\"ls80 wsae\">(6)<span class=\"_ _351\"> </span></span></span>Rese<span class=\"_ _0\"></span>arch and deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cost<span class=\"_ _0\"></span>s<span class=\"_ _bc\"> </span><span class=\"ffd0 ls3 ws3\">7 <span class=\"_ _c4\"> </span><span class=\"ffd1\">11 <span class=\"_ _28f\"> </span></span>33 <span class=\"_ _c8\"> </span><span class=\"ffd1\">35 <span class=\"_ _ae\"> </span></span>4<span class=\"_ _0\"></span>0 <span class=\"_ _84\"> </span><span class=\"ffd2\">4<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>27 <span class=\"_ _c8\"> </span><span class=\"ffd1\">2<span class=\"_ _0\"></span>3 <span class=\"_ _86\"> </span></span>239 <span class=\"_ _6f\"> </span><span class=\"ffd1\">22<span class=\"_ _0\"></span>5 <span class=\"_ _83\"> </span></span>2<span class=\"_ _0\"></span>66 <span class=\"_ _64\"> </span><span class=\"ffd1 ls62 ws8f\">248<span class=\"_ _351\"> </span></span>Discontinued <span class=\"_ _3\"></span>operations<span class=\"_ _2bf\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffd1\">\u2013 <span class=\"_ _65\"> </span></span>2 <span class=\"_ _d2\"> </span><span class=\"ffd1\">2 <span class=\"_ _d2\"> </span></span>2 <span class=\"_ _d2\"> </span><span class=\"ffd1\">2<span class=\"_ _351\"> </span></span></span>27 <span class=\"_ _c8\"> </span><span class=\"ffd1\">2<span class=\"_ _0\"></span>3 <span class=\"_ _85\"> </span></span><span class=\"ls74 wsa2\">241 <span class=\"_ _26\"> </span></span><span class=\"ffd1\">22<span class=\"_ _0\"></span>7 <span class=\"_ _73\"> </span></span>2<span class=\"_ _0\"></span>68 <span class=\"_ _83\"> </span><span class=\"ffd1\">2<span class=\"_ _0\"></span>50<span class=\"_ _351\"> </span></span>Ne<span class=\"_ _0\"></span>t financin<span class=\"_ _0\"></span>g comp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es:<span class=\"_ _351\"> </span>2022<span class=\"_ _51\"> </span><span class=\"ffd1\">2021<span class=\"_ _351\"> </span></span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Ove<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>as<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Overseas<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Financing<span class=\"_ _3\"></span> on sc<span class=\"_ _3\"></span>heme obligations<span class=\"_ _28e\"> </span><span class=\"ffd0 ls62 ws8f\">149 <span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>6 <span class=\"_ _1a\"> </span>195 <span class=\"_ _15a\"> </span><span class=\"ffd1\">137 <span class=\"_ _be\"> </span><span class=\"ls6c ws99\">41 <span class=\"_ _85\"> </span></span>178<span class=\"_ _351\"> </span></span></span></span>Fina<span class=\"_ _0\"></span>ncin<span class=\"_ _0\"></span>g on scheme as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _90\"> </span><span class=\"ffd0 ls63 ws90\">(170)<span class=\"_ _85\"> </span><span class=\"ls6d wscb\">(2<span class=\"_ _0\"></span>3)<span class=\"_ _5c\"> </span>(<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>3)<span class=\"_ _83\"> </span></span></span><span class=\"ls6b ws98\">(15<span class=\"_ _0\"></span>3)<span class=\"_ _7b\"> </span><span class=\"ls3 ws3\">(22)<span class=\"_ _86\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>17<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span></span>Ne<span class=\"_ _0\"></span>t financin<span class=\"_ _0\"></span>g (incom<span class=\"_ _0\"></span>e)/<span class=\"_ _3\"></span>cha<span class=\"_ _0\"></span>rge in respe<span class=\"_ _0\"></span>ct of de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>benefit schemes<span class=\"_ _2e1\"> </span><span class=\"ffd0 ls77 wsa5\">(21)<span class=\"_ _28f\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>3<span class=\"_ _bf\"> </span>2 <span class=\"_ _ae\"> </span></span></span><span class=\"ls80 wsae\">(16)<span class=\"_ _58\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>9<span class=\"_ _f4\"> </span><span class=\"ffd1\">3<span class=\"_ _351\"> </span></span></span></span>Fina<span class=\"_ _0\"></span>ncin<span class=\"_ _0\"></span>g incom<span class=\"_ _0\"></span>e on schem<span class=\"_ _0\"></span>e surplu<span class=\"_ _0\"></span>ses<span class=\"_ _cb\"> </span><span class=\"ffd0 ls77 wsa5\">(21)<span class=\"_ _be\"> </span><span class=\"ls6d wscb\">(3)<span class=\"_ _15a\"> </span><span class=\"ls74 wsa2\">(24)<span class=\"_ _2b\"> </span></span></span></span><span class=\"ls80 wsae\">(16)<span class=\"_ _e7\"> </span>(1)<span class=\"_ _84\"> </span><span class=\"ls6e ws9b\">(1<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Fina<span class=\"_ _0\"></span>ncin<span class=\"_ _0\"></span>g cost on sche<span class=\"_ _0\"></span>me de<span class=\"_ _0\"></span>ficit<span class=\"_ _0\"></span>s<span class=\"_ _2f6\"> </span><span class=\"ffd0 ls3 ws3\">\u2013<span class=\"_ _be\"> </span>26<span class=\"_ _1b5\"> </span>26 <span class=\"_ _19\"> </span><span class=\"ffd1\">\u2013<span class=\"_ _57\"> </span>20<span class=\"_ _be\"> </span>20<span class=\"_ _351\"> </span></span></span>Amounts <span class=\"_ _3\"></span>recognised in <span class=\"_ _3\"></span>OCI in r<span class=\"_ _3\"></span>espec<span class=\"_ _0\"></span>t of defined <span class=\"_ _3\"></span>benefit schemes<span class=\"_ _351\"> </span>2022<span class=\"_ _51\"> </span><span class=\"ffd1\">2021<span class=\"_ _351\"> </span></span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Ove<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>as<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Overseas<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>rial ga<span class=\"_ _0\"></span>ins and los<span class=\"_ _0\"></span>ses ar<span class=\"_ _0\"></span>ising fro<span class=\"_ _0\"></span>m:<span class=\"_ _351\"> </span>Demographic <span class=\"_ _3\"></span>assumptions<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>19 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _2dd\"> </span>1<span class=\"_ _0\"></span>9<span class=\"_ _7b\"> </span><span class=\"ffd2 ls80 wsae\">(1<span class=\"_ _0\"></span>01)<span class=\"_ _bb\"> </span></span><span class=\"ffd2\">(2)<span class=\"_ _5c\"> </span><span class=\"ls6b ws98\">(1<span class=\"_ _0\"></span>03)<span class=\"_ _351\"> </span></span></span>Financial assumptions<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>3,423 <span class=\"_ _5c\"> </span><span class=\"ls3 ws3\">6<span class=\"_ _0\"></span>02 <span class=\"_ _a0\"> </span>4<span class=\"_ _0\"></span>,02<span class=\"_ _0\"></span>5 <span class=\"_ _1a\"> </span><span class=\"ffd2 ls6c ws99\">41<span class=\"_ _0\"></span>6 <span class=\"_ _1a\"> </span></span><span class=\"ffd2\">1<span class=\"_ _0\"></span>59 <span class=\"_ _64\"> </span><span class=\"ffd1\">5<span class=\"_ _0\"></span>75<span class=\"_ _351\"> </span></span></span></span>Experience adjustments<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>(2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5)<span class=\"_ _be\"> </span><span class=\"lsa9 wsd6\">(7)<span class=\"_ _aa\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>42)<span class=\"_ _62\"> </span><span class=\"ffd2 ls62 ws8f\">(8<span class=\"_ _0\"></span>8)<span class=\"_ _be\"> </span><span class=\"ffd1 ls3 ws3\">1<span class=\"_ _0\"></span>2 <span class=\"_ _85\"> </span></span><span class=\"ls80 wsae\">(76)<span class=\"_ _351\"> </span></span></span></span></span>Ret<span class=\"_ _0\"></span>urn on sch<span class=\"_ _0\"></span>eme ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s excludi<span class=\"_ _0\"></span>ng finan<span class=\"_ _0\"></span>cing inco<span class=\"_ _0\"></span>me<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>(3<span class=\"_ _0\"></span>,751<span class=\"_ _0\"></span>)<span class=\"_ _67\"> </span><span class=\"ls77 wsa5\">(207<span class=\"_ _0\"></span>)<span class=\"_ _cc\"> </span><span class=\"ls6c ws99\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>95<span class=\"_ _0\"></span>8)<span class=\"_ _62\"> </span><span class=\"ffd2 ls64 ws91\">(112)<span class=\"_ _1a\"> </span><span class=\"ls80 wsae\">(30)<span class=\"_ _86\"> </span><span class=\"ls6e ws9b\">(142)<span class=\"_ _351\"> </span></span></span></span></span></span>(5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4)<span class=\"_ _83\"> </span><span class=\"ls3 ws3\">3<span class=\"_ _0\"></span>88<span class=\"_ _1a\"> </span><span class=\"ls63 ws90\">(156)<span class=\"_ _ae\"> </span></span><span class=\"ffd1\">11<span class=\"_ _0\"></span>5<span class=\"_ _2b\"> </span><span class=\"ffd2 ls75 wsa3\">139 <span class=\"_ _86\"> </span></span>2<span class=\"_ _0\"></span>54<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>For the UK Scheme, this <span class=\"_ _0\"></span>reflects latest available CMI mortality <span class=\"_ _0\"></span>projections and an update of <span class=\"_ _0\"></span>the post-retirement mortality assumptions based on <span class=\"_ _0\"></span>an analysis prepared for the 31 March<span class=\"_ _351\"> </span>2020 funding valuation<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Actuarial gains an<span class=\"_ _3\"></span>d losses arising fr<span class=\"_ _3\"></span>om financial ass<span class=\"_ _3\"></span>umptions arise primarily due <span class=\"_ _3\"></span>to changes in inter<span class=\"_ _f\"></span>est rates and inflation<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>This r<span class=\"_ _3\"></span>eflects reali<span class=\"_ _3\"></span>sed inflation being higher <span class=\"_ _3\"></span>than expected in the <span class=\"_ _3\"></span>period, r<span class=\"_ _3\"></span>esulting in incr<span class=\"_ _3\"></span>eases in actual pension <span class=\"_ _3\"></span>increases and <span class=\"_ _3\"></span>deferred <span class=\"_ _3\"></span>pension expectations<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>22\u2002<span class=\"_ _c\"> </span>Post-r<span class=\"_ _3\"></span>etirement\u2002benefit<span class=\"_ _0\"></span>s\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Amounts <span class=\"_ _3\"></span>recognised in <span class=\"_ _3\"></span>the balance <span class=\"_ _3\"></span>sheet in r<span class=\"_ _3\"></span>espec<span class=\"_ _0\"></span>t of defined benefit <span class=\"_ _3\"></span>schemes<span class=\"_ _351\"> </span>2022<span class=\"_ _51\"> </span><span class=\"ffd1\">2021<span class=\"_ _351\"> </span></span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Ove<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>as<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Overseas<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Prese<span class=\"_ _0\"></span>nt value of fun<span class=\"_ _0\"></span>ded ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _2f7\"> </span><span class=\"ffd0 lsaa wsd7\">(4,621)<span class=\"_ _61\"> </span><span class=\"ls74 wsa2\">(9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4)<span class=\"_ _2a\"> </span><span class=\"lsb5 ws9a\">(5,<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5)<span class=\"_ _95\"> </span></span></span></span><span class=\"ls80 wsae\">(8<span class=\"_ _0\"></span>,01<span class=\"_ _0\"></span>0)<span class=\"_ _21\"> </span><span class=\"ls90 wsbd\">(863)<span class=\"_ _2a\"> </span><span class=\"ls6b ws98\">(8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>87<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span></span></span>Fair value of sche<span class=\"_ _0\"></span>me ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _2b0\"> </span><span class=\"ffd0 ls3 ws3\">5,21<span class=\"_ _0\"></span>5 <span class=\"_ _73\"> </span><span class=\"ls7b wsaa\">493<span class=\"_ _0\"></span> <span class=\"_ _156\"> </span></span></span><span class=\"ffd0\">5<span class=\"_ _0\"></span>,70<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _6c\"> </span></span><span class=\"ls7b wsaa\">9<span class=\"_ _0\"></span>,128 <span class=\"_ _1a\"> </span><span class=\"ls3 ws3\">86<span class=\"_ _0\"></span>1 <span class=\"_ _92\"> </span>9,<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span>Ne<span class=\"_ _0\"></span>t asset<span class=\"_ _2\"></span>/(liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y) on fun<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d schem<span class=\"_ _0\"></span>es<span class=\"_ _30\"> </span><span class=\"ffd0 ls6e ws9b\">594 <span class=\"_ _83\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>)<span class=\"_ _1a\"> </span><span class=\"ls62 ws8f\">14<span class=\"_ _0\"></span>3 <span class=\"_ _5c\"> </span><span class=\"ffd1 ls7b wsaa\">1<span class=\"_ _0\"></span>,11<span class=\"_ _0\"></span>8 <span class=\"_ _bb\"> </span></span></span></span></span><span class=\"ls3 ws3\">(2)<span class=\"_ _5c\"> </span><span class=\"ls7b wsaa\">1,11<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>Prese<span class=\"_ _0\"></span>nt value of unfun<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _130\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _67\"> </span><span class=\"ls6d wscb\">(56<span class=\"_ _0\"></span>3)<span class=\"_ _67\"> </span>(56<span class=\"_ _0\"></span>3)<span class=\"_ _d2\"> </span></span><span class=\"ffd1\">\u2013 <span class=\"_ _81\"> </span></span></span><span class=\"ls162 ws40\">(1,341<span class=\"_ _3\"></span>)<span class=\"_ _68\"> </span>(1,341<span class=\"_ _3\"></span>)<span class=\"_ _351\"> </span></span>Net\u2002a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t/(liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y)\u2002reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d\u2002in\u2002t<span class=\"_ _0\"></span>he\u2002ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce\u2002she<span class=\"_ _0\"></span>et<span class=\"_ _127\"> </span><span class=\"ffd0 ls6e ws9b\">59<span class=\"_ _0\"></span>4 <span class=\"_ _5e\"> </span><span class=\"ls74 wsa2\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>014)<span class=\"_ _67\"> </span><span class=\"ls68 ws95\">(42<span class=\"_ _0\"></span>0)<span class=\"_ _5c\"> </span><span class=\"ffd1 ls7b wsaa\">1<span class=\"_ _0\"></span>,11<span class=\"_ _0\"></span>8 <span class=\"_ _a0\"> </span><span class=\"ffd2 ls162 ws40\">(<span class=\"_ _3\"></span>1,34<span class=\"_ _0\"></span>3)<span class=\"_ _67\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span></span></span></span></span>Post<span class=\"_ _3\"></span>-retirement <span class=\"_ _3\"></span>scheme s<span class=\"_ _3\"></span>urpluses<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>594 <span class=\"_ _58\"> </span><span class=\"ls3 ws3\">19 <span class=\"_ _1a\"> </span></span>6<span class=\"_ _0\"></span>13 <span class=\"_ _5c\"> </span><span class=\"ffd1 ls7b wsaa\">1<span class=\"_ _0\"></span>,11<span class=\"_ _0\"></span>8 <span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">30 <span class=\"_ _21\"> </span></span>1<span class=\"_ _0\"></span>,14<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span>Post<span class=\"_ _3\"></span>-retirement <span class=\"_ _3\"></span>scheme deficits<span class=\"_ _2f8\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _92\"> </span><span class=\"ls6d wscb\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>03<span class=\"_ _0\"></span>3)<span class=\"_ _92\"> </span>(1<span class=\"_ _0\"></span>,03<span class=\"_ _0\"></span>3)<span class=\"_ _d2\"> </span></span><span class=\"ffd1\">\u2013 <span class=\"_ _6b\"> </span></span></span>(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>37<span class=\"_ _0\"></span>3)<span class=\"_ _156\"> </span>(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>73)<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>The surplus <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>UK <span class=\"_ _0\"></span>scheme is <span class=\"_ _0\"></span>recognised as <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>an ultimate <span class=\"_ _0\"></span>wind-up <span class=\"_ _0\"></span>when <span class=\"_ _0\"></span>there are no <span class=\"_ _0\"></span>longer any <span class=\"_ _0\"></span>remaining members, <span class=\"_ _0\"></span>any surplus <span class=\"_ _0\"></span>would <span class=\"_ _0\"></span>be <span class=\"_ _0\"></span>returned to <span class=\"_ _0\"></span>the Group, which <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>the<span class=\"_ _351\"> </span>power to pr<span class=\"_ _3\"></span>event the surplus <span class=\"_ _3\"></span>being used for <span class=\"_ _3\"></span>other purposes in advance <span class=\"_ _3\"></span>of this event<span class=\"_ _351\"> </span>Ove<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>as sche<span class=\"_ _0\"></span>mes are lo<span class=\"_ _0\"></span>cate<span class=\"_ _0\"></span>d in the foll<span class=\"_ _0\"></span>owi<span class=\"_ _0\"></span>ng count<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es:<span class=\"_ _351\"> </span>2022<span class=\"_ _51\"> </span><span class=\"ffd1\">2021<span class=\"_ _351\"> </span></span>Asset<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Obligations<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Net<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Asset<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Obligations<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Net<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Canada<span class=\"_ _8f\"> </span><span class=\"ffd0 ls3 ws3\">187 <span class=\"_ _aa\"> </span><span class=\"lsaa wsd7\">(226)<span class=\"_ _1a\"> </span><span class=\"ls60 ws8d\">(39)<span class=\"_ _64\"> </span></span></span></span><span class=\"ls62 ws8f\">245 <span class=\"_ _72\"> </span><span class=\"ffd2 ls65 ws92\">(2<span class=\"_ _0\"></span>75)<span class=\"_ _62\"> </span><span class=\"ls80 wsae\">(30)<span class=\"_ _351\"> </span></span></span></span>Germany<span class=\"_ _210\"> </span><span class=\"ffd0 ls3 ws3\">10 <span class=\"_ _67\"> </span><span class=\"ls63 ws90\">(63<span class=\"_ _0\"></span>8)<span class=\"_ _67\"> </span>(628)<span class=\"_ _d2\"> </span></span><span class=\"ffd1\">2 <span class=\"_ _21\"> </span></span></span><span class=\"ls6b ws98\">(8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3)<span class=\"_ _83\"> </span><span class=\"ls80 wsae\">(881)<span class=\"_ _351\"> </span></span></span>US pension <span class=\"_ _3\"></span>schemes<span class=\"_ _2f9\"> </span><span class=\"ffd0 ls3 ws3\">296 <span class=\"_ _21\"> </span><span class=\"ls6c ws99\">(30<span class=\"_ _0\"></span>8)<span class=\"_ _84\"> </span><span class=\"ls63 ws90\">(12)<span class=\"_ _1a\"> </span></span></span><span class=\"ffd2\">614 <span class=\"_ _67\"> </span></span></span>(64<span class=\"_ _0\"></span>3)<span class=\"_ _85\"> </span><span class=\"ls3 ws3\">(29)<span class=\"_ _351\"> </span></span>US hea<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>hca<span class=\"_ _0\"></span>re schem<span class=\"_ _0\"></span>es<span class=\"_ _2f9\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _aa\"> </span><span class=\"lsaa wsd7\">(333)<span class=\"_ _21\"> </span>(333)<span class=\"_ _65\"> </span></span><span class=\"ffd1\">\u2013 <span class=\"_ _61\"> </span></span></span><span class=\"ls74 wsa2\">(40<span class=\"_ _2\"></span>0)<span class=\"_ _7d\"> </span>(4<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>0)<span class=\"_ _351\"> </span></span>Other<span class=\"_ _78\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _bb\"> </span><span class=\"ls77 wsa5\">(2)<span class=\"_ _1b5\"> </span>(2<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span></span><span class=\"ffd1\">\u2013 <span class=\"_ _1b5\"> </span></span></span>(3)<span class=\"_ _1b5\"> </span>(3)<span class=\"_ _351\"> </span>Net\u2002a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t/(liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y)\u2002reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d\u2002in\u2002t<span class=\"_ _0\"></span>he\u2002ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce\u2002she<span class=\"_ _0\"></span>et<span class=\"_ _127\"> </span><span class=\"ffd0 ls7b wsaa\">4<span class=\"_ _0\"></span>93 <span class=\"_ _92\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>50<span class=\"_ _0\"></span>7)<span class=\"_ _5e\"> </span><span class=\"ls74 wsa2\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>014)<span class=\"_ _1a\"> </span><span class=\"ffd2 ls3 ws3\">861 <span class=\"_ _6e\"> </span><span class=\"ls60 ws8d\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>4)<span class=\"_ _a0\"> </span><span class=\"ls162 ws40\">(1,343)<span class=\"_ _351\"> </span></span></span></span></span></span></span>Defined benefit schemes<span class=\"_ _351\"> </span>Assumption<span class=\"_ _3\"></span>s<span class=\"_ _351\"> </span>Sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ant ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>al assum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons fo<span class=\"_ _0\"></span>r UK schem<span class=\"_ _0\"></span>es at the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e shee<span class=\"_ _0\"></span>t date were as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _351\"> </span>2022<span class=\"_ _85\"> </span><span class=\"ffd1\">2021<span class=\"_ _351\"> </span></span>Discount rate<span class=\"_ _1c2\"> </span><span class=\"ffd0 lsaa wsd7\">4.80%<span class=\"_ _124\"> </span></span><span class=\"ls66 ws93\">1.9<span class=\"_ _0\"></span>0%<span class=\"_ _351\"> </span></span>Inflation assumption <span class=\"_ _3\"></span>(RPI) <span class=\"_ _20d\"> </span><span class=\"ffd0 ls98 wsc5\">3.50<span class=\"_ _0\"></span>%<span class=\"_ _92\"> </span></span><span class=\"ls66 ws93\">3.60%<span class=\"_ _351\"> </span></span>Inflation assumption <span class=\"_ _3\"></span>(CPI) <span class=\"_ _20d\"> </span><span class=\"ffd0 ls92 wsbf\">2<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5%<span class=\"_ _156\"> </span></span><span class=\"ls65 ws92\">3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>05%<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>rans<span class=\"_ _0\"></span>fer assumptio<span class=\"_ _0\"></span>n (employed deferred/deferred)<span class=\"_ _78\"> </span><span class=\"ffcf lsaa wsd7\">50%/<span class=\"_ _32\"></span>4<span class=\"_ _0\"></span>0%<span class=\"_ _14b\"> </span><span class=\"ffd2 ls66 ws93\">50%/<span class=\"_ _f\"></span>40%<span class=\"_ _351\"> </span></span></span>Bridging Pen<span class=\"_ _3\"></span>sion Option ass<span class=\"_ _3\"></span>umption<span class=\"_ _cf\"> </span><span class=\"ffd0 ls98 wsc5\">30%<span class=\"_ _6f\"> </span></span><span class=\"ls65 ws92\">25%<span class=\"_ _351\"> </span></span>Life exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>y from age 6<span class=\"_ _0\"></span>5: <span class=\"_ _7\"> </span><span class=\"ls6b ws98\">current<span class=\"_ _3\"></span> male <span class=\"_ _3\"></span>pensioner<span class=\"_ _177\"> </span><span class=\"ffcf ls77 wsa5\">21<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9\u2002years<span class=\"_ _0\"></span>\u2002<span class=\"_ _115\"> </span><span class=\"ffd2\">21<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8 year<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span></span></span></span>fut<span class=\"_ _0\"></span>ure male pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ner curre<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y age<span class=\"_ _0\"></span>d 45<span class=\"_ _1ea\"> </span><span class=\"ffcf ls77 wsa5\">23<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2\u2002years\u2002<span class=\"_ _123\"> </span><span class=\"ffd2\">2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 year<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span></span></span>curren<span class=\"_ _3\"></span>t female<span class=\"_ _3\"></span> pensioner<span class=\"_ _178\"> </span><span class=\"ffcf ls77 wsa5\">23<span class=\"_ _0\"></span>.7\u2002years<span class=\"_ _115\"> </span><span class=\"ffd2\">2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6 years<span class=\"_ _0\"></span> </span></span>fut<span class=\"_ _0\"></span>ure female p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>r current<span class=\"_ _0\"></span>ly ag<span class=\"_ _0\"></span>ed 4<span class=\"_ _0\"></span>5<span class=\"_ _10e\"> </span><span class=\"ffcf ls77 wsa5\">25<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5\u2002yea<span class=\"_ _0\"></span>rs<span class=\"_ _6\"> </span><span class=\"ffd2\">2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4 years<span class=\"_ _351\"> </span></span></span>D<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> by<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ma<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> on<span class=\"_ _0\"></span> A<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>fi<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t payme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to derive a weig<span class=\"_ _0\"></span>hted avera<span class=\"_ _0\"></span>ge dis<span class=\"_ _0\"></span>count rat<span class=\"_ _0\"></span>e from the yie<span class=\"_ _0\"></span>ld cur<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _f\"></span>in<span class=\"_ _0\"></span>fla<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _f\"></span>as<span class=\"_ _0\"></span>sumpt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>is <span class=\"_ _f\"></span>dete<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ed <span class=\"_ _f\"></span>by <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>ma<span class=\"_ _0\"></span>rket-impli<span class=\"_ _0\"></span>ed <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>ssump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>ds <span class=\"_ _f\"></span>on <span class=\"_ _f\"></span>l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m <span class=\"_ _f\"></span>ind<span class=\"_ _0\"></span>ex-linked <span class=\"_ _f\"></span>g<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>nment <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _b\"></span>mor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alit<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions <span class=\"_ _b\"></span>adopt<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>U<span class=\"_ _0\"></span>K <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved <span class=\"_ _b\"></span>from <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>SA<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>S <span class=\"_ _2\"></span>S<span class=\"_ _0\"></span>3 <span class=\"_ _2\"></span>\u2018All<span class=\"_ _0\"></span>\u2019 <span class=\"_ _2\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>uture <span class=\"_ _33\"></span><span class=\"ffd1 ls3 ws3\"> </span>im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span> lin<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> CMI<span class=\"_ _0\"></span> 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> cor<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span> upd<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to refl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> us<span class=\"_ _0\"></span>e of an \u2018A\u2019 <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r of 0.<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>% fo<span class=\"_ _0\"></span>r fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> and<span class=\"_ _0\"></span> lon<span class=\"_ _0\"></span>g-te<span class=\"_ _0\"></span>rm improve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts of 1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5%<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riat<span class=\"_ _0\"></span>e, the<span class=\"_ _0\"></span>se are adjus<span class=\"_ _0\"></span>ted to ta<span class=\"_ _0\"></span>ke account of the sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e\u2019s act<span class=\"_ _0\"></span>ual exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e.<span class=\"_ _351\"> </span>The as<span class=\"_ _0\"></span>sumpt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n for trans<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s and the BP<span class=\"_ _0\"></span>O is bas<span class=\"_ _0\"></span>ed on ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l expe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nce and ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>al adv<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>O<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>y,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _b\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _b\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> use<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>the most <span class=\"_ _3\"></span>rec<span class=\"_ _0\"></span>ent funding <span class=\"_ _3\"></span>val<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. The <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>pay<span class=\"_ _0\"></span>ment is <span class=\"_ _f\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>ules of <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>comb<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>wit<span class=\"_ _0\"></span>h<span class=\"_ _351\"> </span>the infl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n assump<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on where th<span class=\"_ _0\"></span>e increas<span class=\"_ _0\"></span>e is capp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>22\u2002<span class=\"_ _c\"> </span>Post-r<span class=\"_ _3\"></span>etirement\u2002benefit<span class=\"_ _0\"></span>s\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>As<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns for overs<span class=\"_ _0\"></span>eas sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s are less signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant and are bas<span class=\"_ _0\"></span>ed on adv<span class=\"_ _0\"></span>ice from lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l act<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cipal as<span class=\"_ _0\"></span>sumpt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns are:<span class=\"_ _351\"> </span>2022<span class=\"_ _85\"> </span><span class=\"ffd1\">2021<span class=\"_ _351\"> </span></span>Discount rate<span class=\"_ _1c9\"> </span><span class=\"ffd0 ls5c ws8a\">4<span class=\"_ _2\"></span>.70<span class=\"_ _0\"></span>%<span class=\"_ _6b\"> </span></span><span class=\"lsca ws18e\">2.20<span class=\"_ _0\"></span>%<span class=\"_ _351\"> </span></span>Inflation assumption<span class=\"_ _1ed\"> </span><span class=\"ffd0 ls98 wsc5\">2.<span class=\"_ _0\"></span>30%<span class=\"_ _157\"> </span></span><span class=\"ls66 ws93\">2.10%<span class=\"_ _351\"> </span></span>Lon<span class=\"_ _0\"></span>g-te<span class=\"_ _0\"></span>rm hea<span class=\"_ _0\"></span>lth<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>re cost tren<span class=\"_ _0\"></span>d rate<span class=\"_ _19a\"> </span><span class=\"ffd0 ls92 wsbf\">4<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>5%<span class=\"_ _68\"> </span></span>4<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>5%<span class=\"_ _351\"> </span>Mal<span class=\"_ _0\"></span>e life expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ncy fro<span class=\"_ _0\"></span>m age 65:<span class=\"_ _117\"> </span><span class=\"ls6b ws98\">current<span class=\"_ _3\"></span> pensioner<span class=\"_ _2fa\"> </span><span class=\"ffcf ls77 wsa5\">20<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5\u2002years<span class=\"_ _14b\"> </span><span class=\"ffd2\">20.7 years<span class=\"_ _351\"> </span></span></span></span>fut<span class=\"_ _0\"></span>ure pens<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>er curren<span class=\"_ _0\"></span>tly ag<span class=\"_ _0\"></span>ed 4<span class=\"_ _0\"></span>5<span class=\"_ _2e6\"> </span><span class=\"ffcf ls77 wsa5\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4\u2002year<span class=\"_ _0\"></span>s<span class=\"_ _6\"> </span><span class=\"ffd2\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>5 years<span class=\"_ _351\"> </span></span></span>Changes in <span class=\"_ _3\"></span>presen<span class=\"_ _3\"></span>t v<span class=\"_ _3\"></span>alue <span class=\"_ _3\"></span>of defined benefit obliga<span class=\"_ _3\"></span>tions<span class=\"_ _351\"> </span>2022<span class=\"_ _51\"> </span><span class=\"ffd1\">2021<span class=\"_ _351\"> </span></span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Ove<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>as<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Overseas<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At 1 Januar<span class=\"_ _2\"></span>y<span class=\"_ _2e9\"> </span><span class=\"ffd0 ls63 ws90\">(8<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>10)<span class=\"_ _2a\"> </span><span class=\"ls74 wsa2\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4)<span class=\"_ _74\"> </span>(1<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>14)<span class=\"_ _2a\"> </span></span></span><span class=\"ls62 ws8f\">(8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>87<span class=\"_ _0\"></span>9)<span class=\"_ _2a\"> </span><span class=\"ls6b ws98\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3)<span class=\"_ _2a\"> </span><span class=\"ls6e ws9b\">(11,<span class=\"_ _0\"></span>342<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _2fb\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _5c\"> </span><span class=\"lsb5 ws9a\">(1<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5)<span class=\"_ _5c\"> </span>(1<span class=\"_ _2\"></span>65)<span class=\"_ _19\"> </span></span><span class=\"ffd1\">\u2013 <span class=\"_ _2b\"> </span><span class=\"ffd2\">4<span class=\"_ _0\"></span>9 <span class=\"_ _84\"> </span>49<span class=\"_ _351\"> </span></span></span></span>Curr<span class=\"_ _3\"></span>ent service cost<span class=\"_ _2fc\"> </span><span class=\"ffd0 ls68 ws95\">(4)<span class=\"_ _85\"> </span>(4<span class=\"_ _0\"></span>3)<span class=\"_ _15a\"> </span>(47<span class=\"_ _0\"></span>)<span class=\"_ _bb\"> </span></span><span class=\"ls74 wsa2\">(4)<span class=\"_ _1a\"> </span><span class=\"ls80 wsae\">(60)<span class=\"_ _62\"> </span><span class=\"ls60 ws8d\">(6<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span></span>Past-service cost<span class=\"_ _2fd\"> </span><span class=\"ffd0 ls3 ws3\">6 <span class=\"_ _c8\"> </span>24 <span class=\"_ _2b\"> </span>3<span class=\"_ _0\"></span>0 <span class=\"_ _57\"> </span><span class=\"ffd1\">1<span class=\"_ _0\"></span>5 <span class=\"_ _28f\"> </span>33 <span class=\"_ _84\"> </span>4<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span>Finance cost<span class=\"_ _2e1\"> </span><span class=\"ffd0 ls63 ws90\">(149)<span class=\"_ _62\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _5c\"> </span></span>(198)<span class=\"_ _73\"> </span></span><span class=\"ls6e ws9b\">(1<span class=\"_ _0\"></span>37<span class=\"_ _0\"></span>)<span class=\"_ _84\"> </span><span class=\"ls74 wsa2\">(4<span class=\"_ _0\"></span>1)<span class=\"_ _86\"> </span></span>(178)<span class=\"_ _351\"> </span></span>Contributions by <span class=\"_ _3\"></span>employees<span class=\"_ _e8\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _1b5\"> </span><span class=\"ls68 ws95\">(4)<span class=\"_ _1b5\"> </span>(4)<span class=\"_ _19\"> </span></span><span class=\"ffd1\">\u2013 <span class=\"_ _1b5\"> </span><span class=\"ffd2\">(2)<span class=\"_ _bb\"> </span>(2)<span class=\"_ _351\"> </span></span></span></span>Benefits paid <span class=\"_ _3\"></span>out <span class=\"_ _25a\"> </span><span class=\"ffd0 ls60 ws8d\">329 <span class=\"_ _1a\"> </span><span class=\"ls3 ws3\">102 <span class=\"_ _62\"> </span><span class=\"ls77 wsa5\">431<span class=\"_ _0\"></span> <span class=\"_ _86\"> </span></span></span></span><span class=\"ls80 wsae\">768<span class=\"_ _0\"></span> <span class=\"_ _7b\"> </span><span class=\"ffd1 ls3 ws3\">1<span class=\"_ _0\"></span>01 <span class=\"_ _5c\"> </span><span class=\"ffd2\">8<span class=\"_ _0\"></span>69<span class=\"_ _351\"> </span></span></span></span>Disposal of <span class=\"_ _3\"></span>businesses<span class=\"_ _2fe\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffd1\">\u2013 <span class=\"_ _be\"> </span>12 <span class=\"_ _1b5\"> </span>12<span class=\"_ _351\"> </span></span></span>Actuarial gains<span class=\"_ _240\"> </span><span class=\"ffd0 ls6e ws9b\">3,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>07 <span class=\"_ _83\"> </span>599 <span class=\"_ _92\"> </span><span class=\"ls3 ws3\">3,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>06 <span class=\"_ _26\"> </span><span class=\"ffd1\">2<span class=\"_ _0\"></span>27 <span class=\"_ _1a\"> </span><span class=\"ffd2\">169 <span class=\"_ _83\"> </span>396<span class=\"_ _351\"> </span></span></span></span></span>T<span class=\"_ _f\"></span>ransfers<span class=\"_ _189\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _bb\"> </span><span class=\"ls77 wsa5\">(2)<span class=\"_ _bb\"> </span>(2)<span class=\"_ _d2\"> </span></span><span class=\"ffd1\">\u2013 <span class=\"_ _bb\"> </span><span class=\"ffd2\">(2)<span class=\"_ _bb\"> </span>(2)<span class=\"_ _351\"> </span></span></span></span>Settlement<span class=\"_ _2aa\"> </span><span class=\"ffd0 ls3 ws3\">\u2013<span class=\"_ _85\"> </span>235 <span class=\"_ _64\"> </span>235 <span class=\"_ _19\"> </span><span class=\"ffd1\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013<span class=\"_ _351\"> </span></span></span>At 31 Dece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _2ae\"> </span><span class=\"ffd0 lsaa wsd7\">(<span class=\"_ _3\"></span>4,621)<span class=\"_ _56\"> </span><span class=\"ls63 ws90\">(1,<span class=\"_ _2\"></span>507<span class=\"_ _0\"></span>)<span class=\"_ _a0\"> </span><span class=\"ls6d wscb\">(6<span class=\"_ _0\"></span>,12<span class=\"_ _0\"></span>8)<span class=\"_ _95\"> </span><span class=\"ffd2 ls80 wsae\">(8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>010)<span class=\"_ _6e\"> </span><span class=\"ls60 ws8d\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>04)<span class=\"_ _cc\"> </span><span class=\"ls9c wsc9\">(10,214)<span class=\"_ _351\"> </span></span></span></span></span></span></span>F<span class=\"_ _3\"></span>unded schemes<span class=\"_ _201\"> </span><span class=\"ffd0 lsaa wsd7\">(<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,621)<span class=\"_ _61\"> </span><span class=\"ls74 wsa2\">(9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4)<span class=\"_ _2a\"> </span><span class=\"lsb5 ws9a\">(5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5)<span class=\"_ _95\"> </span><span class=\"ffd2 ls80 wsae\">(8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>010)<span class=\"_ _67\"> </span><span class=\"ls90 wsbd\">(<span class=\"_ _3\"></span>863)<span class=\"_ _2a\"> </span><span class=\"ls6b ws98\">(8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>87<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span></span></span></span></span></span>Unfunded sc<span class=\"_ _3\"></span>hemes<span class=\"_ _2fd\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _67\"> </span><span class=\"ls6d wscb\">(5<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3)<span class=\"_ _21\"> </span>(<span class=\"_ _0\"></span>56<span class=\"_ _0\"></span>3)<span class=\"_ _d2\"> </span></span><span class=\"ffd1\">\u2013 <span class=\"_ _157\"> </span></span></span><span class=\"ls162 ws40\">(1,34<span class=\"_ _3\"></span>1)<span class=\"_ _124\"> </span>(1,341<span class=\"_ _3\"></span>)<span class=\"_ _351\"> </span></span>The de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are in respec<span class=\"_ _0\"></span>t of<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>Active plan <span class=\"_ _3\"></span>participants<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(1,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>81)<span class=\"_ _21\"> </span><span class=\"ls6d wscb\">(6<span class=\"_ _0\"></span>93)<span class=\"_ _56\"> </span><span class=\"ls9f wscd\">(<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _156\"> </span><span class=\"ffd2 ls74 wsa2\">(<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>51)<span class=\"_ _81\"> </span><span class=\"ls7b wsaa\">(<span class=\"_ _0\"></span>1,1<span class=\"_ _0\"></span>93)<span class=\"_ _2a\"> </span></span>(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>4)<span class=\"_ _351\"> </span></span></span></span>Deferr<span class=\"_ _3\"></span>ed plan participants<span class=\"_ _2ff\"> </span><span class=\"ffd0 ls6d wscb\">(1<span class=\"_ _0\"></span>,17<span class=\"_ _0\"></span>2)<span class=\"_ _85\"> </span>(93)<span class=\"_ _87\"> </span><span class=\"lsb5 ws9a\">(1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>26<span class=\"_ _0\"></span>5)<span class=\"_ _95\"> </span></span></span><span class=\"ls62 ws8f\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>8)<span class=\"_ _73\"> </span><span class=\"ls80 wsae\">(176)<span class=\"_ _95\"> </span><span class=\"ls162 ws40\">(2,434<span class=\"_ _3\"></span>)<span class=\"_ _351\"> </span></span></span></span>Pensioners<span class=\"_ _2e1\"> </span><span class=\"ffd0\">(1,76<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _83\"> </span><span class=\"ls7b wsaa\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>21)<span class=\"_ _cc\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>89)<span class=\"_ _87\"> </span></span></span></span><span class=\"ls80 wsae\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>30<span class=\"_ _0\"></span>1)<span class=\"_ _67\"> </span><span class=\"ls65 ws92\">(8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5)<span class=\"_ _a0\"> </span><span class=\"ls7b wsaa\">(3<span class=\"_ _0\"></span>,13<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span></span></span>Weighted <span class=\"_ _3\"></span>average <span class=\"_ _3\"></span>duration <span class=\"_ _3\"></span>of obligations (years)<span class=\"_ _169\"> </span><span class=\"ffd0 ls3 ws3\">1<span class=\"_ _0\"></span>7 <span class=\"_ _57\"> </span><span class=\"ls6e ws9b\">13 <span class=\"_ _58\"> </span></span>16 <span class=\"_ _75\"> </span><span class=\"ffd1\">2<span class=\"_ _0\"></span>2 <span class=\"_ _57\"> </span>1<span class=\"_ _0\"></span>5 <span class=\"_ _be\"> </span>2<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>Although <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>UK <span class=\"_ _2\"></span>scheme <span class=\"_ _0\"></span>closed <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>future <span class=\"_ _0\"></span>accrual <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>31 <span class=\"_ _2\"></span>December <span class=\"_ _0\"></span>2020, <span class=\"_ _2\"></span>members <span class=\"_ _0\"></span>who <span class=\"_ _2\"></span>became <span class=\"_ _0\"></span>deferred <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>result of <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>closure <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>remain employed <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>the <span class=\"_ _2\"></span>Group retain <span class=\"_ _0\"></span>some<span class=\"_ _351\"> </span>additional benefits compar<span class=\"_ _f\"></span>ed to other deferr<span class=\"_ _3\"></span>ed members. The <span class=\"_ _3\"></span>obligations for these <span class=\"_ _3\"></span>members are <span class=\"_ _3\"></span>shown as active <span class=\"_ _3\"></span>plan participants<span class=\"_ _351\"> </span>Changes in <span class=\"_ _3\"></span>fair v<span class=\"_ _f\"></span>alue of scheme <span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>sets<span class=\"_ _351\"> </span>2022<span class=\"_ _51\"> </span><span class=\"ffd1\">2021<span class=\"_ _351\"> </span></span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Ove<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>as<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Overseas<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At 1 Januar<span class=\"_ _2\"></span>y<span class=\"_ _300\"> </span><span class=\"ffd0 ls6d wscb\">9,12<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span><span class=\"ls3 ws3\">861 <span class=\"_ _92\"> </span><span class=\"ls62 ws8f\">9,<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>9 <span class=\"_ _124\"> </span></span></span></span>9,76<span class=\"_ _0\"></span>2 <span class=\"_ _83\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _0\"></span>94 <span class=\"_ _154\"> </span>10,<span class=\"_ _0\"></span>65<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _2fb\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _75\"> </span>7<span class=\"_ _0\"></span>7 <span class=\"_ _de\"> </span>77 <span class=\"_ _19\"> </span><span class=\"ffd1\">\u2013 <span class=\"_ _be\"> </span>12 <span class=\"_ _1b5\"> </span>12<span class=\"_ _351\"> </span></span></span>Administrativ<span class=\"_ _3\"></span>e expenses<span class=\"_ _301\"> </span><span class=\"ffd0 ls68 ws95\">(4)<span class=\"_ _dc\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>)<span class=\"_ _be\"> </span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _be\"> </span></span></span></span><span class=\"ls80 wsae\">(6)<span class=\"_ _e7\"> </span>(1)<span class=\"_ _1b5\"> </span><span class=\"lsd4 ws1a5\">(7)<span class=\"_ _351\"> </span></span></span>Financing<span class=\"_ _1d3\"> </span><span class=\"ffd0 ls7b wsaa\">170 <span class=\"_ _c8\"> </span><span class=\"ls3 ws3\">23 <span class=\"_ _62\"> </span></span>193 <span class=\"_ _62\"> </span><span class=\"ffd1 ls3 ws3\">1<span class=\"_ _0\"></span>53 <span class=\"_ _75\"> </span>2<span class=\"_ _0\"></span>2 <span class=\"_ _85\"> </span>175<span class=\"_ _351\"> </span></span></span>Return on <span class=\"_ _3\"></span>plan assets ex<span class=\"_ _3\"></span>cluding financing<span class=\"_ _16d\"> </span><span class=\"ffd0\">(3<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>51)<span class=\"_ _67\"> </span><span class=\"ls77 wsa5\">(20<span class=\"_ _0\"></span>7)<span class=\"_ _2a\"> </span><span class=\"ls6c ws99\">(3,9<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>8)<span class=\"_ _1a\"> </span></span></span></span><span class=\"ls64 ws91\">(112)<span class=\"_ _1a\"> </span><span class=\"ls80 wsae\">(<span class=\"_ _0\"></span>30)<span class=\"_ _86\"> </span><span class=\"ls6e ws9b\">(142)<span class=\"_ _351\"> </span></span></span></span>Contributions by <span class=\"_ _3\"></span>employer<span class=\"_ _80\"> </span><span class=\"ffd0 ls3 ws3\">1 <span class=\"_ _ae\"> </span>8<span class=\"_ _0\"></span>0 <span class=\"_ _58\"> </span>81 <span class=\"_ _84\"> </span><span class=\"ffd2\">99 <span class=\"_ _84\"> </span>63 <span class=\"_ _62\"> </span>16<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span></span>Contributions by <span class=\"_ _3\"></span>employees<span class=\"_ _e8\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _e7\"> </span>4 <span class=\"_ _65\"> </span>4 <span class=\"_ _19\"> </span><span class=\"ffd1\">\u2013 <span class=\"_ _d2\"> </span>2 <span class=\"_ _65\"> </span>2<span class=\"_ _351\"> </span></span></span>Benefits paid <span class=\"_ _3\"></span>out <span class=\"_ _82\"> </span><span class=\"ffd0 ls60 ws8d\">(329)<span class=\"_ _5c\"> </span><span class=\"ls63 ws90\">(10<span class=\"_ _0\"></span>2)<span class=\"_ _83\"> </span><span class=\"ls68 ws95\">(43<span class=\"_ _0\"></span>1)<span class=\"_ _67\"> </span></span></span></span><span class=\"ls80 wsae\">(<span class=\"_ _0\"></span>76<span class=\"_ _0\"></span>8)<span class=\"_ _6f\"> </span>(10<span class=\"_ _0\"></span>1)<span class=\"_ _7f\"> </span><span class=\"ls62 ws8f\">(8<span class=\"_ _0\"></span>69)<span class=\"_ _351\"> </span></span></span>Settlement<span class=\"_ _2aa\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _aa\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>42)<span class=\"_ _71\"> </span>(24<span class=\"_ _0\"></span>2)<span class=\"_ _d2\"> </span></span><span class=\"ffd1\">\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span></span></span>At 31 Dece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _4\"> </span><span class=\"ffd0 ls3 ws3\">5,21<span class=\"_ _0\"></span>5 <span class=\"_ _73\"> </span><span class=\"ls7b wsaa\">493<span class=\"_ _0\"></span> <span class=\"_ _156\"> </span></span></span><span class=\"ffd0\">5<span class=\"_ _0\"></span>,70<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _6c\"> </span></span><span class=\"ls7b wsaa\">9<span class=\"_ _0\"></span>,128 <span class=\"_ _1a\"> </span><span class=\"ls3 ws3\">86<span class=\"_ _0\"></span>1 <span class=\"_ _92\"> </span>9,<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>tal ret<span class=\"_ _0\"></span>urn on sch<span class=\"_ _0\"></span>eme as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _2c7\"> </span><span class=\"ffd0 ls7b wsaa\">(3,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>81)<span class=\"_ _5c\"> </span><span class=\"ls74 wsa2\">(1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4)<span class=\"_ _95\"> </span><span class=\"lsb5 ws9a\">(3<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>5)<span class=\"_ _be\"> </span><span class=\"ffd1 ls6c ws99\">41 <span class=\"_ _1b5\"> </span></span></span></span></span><span class=\"ls62 ws8f\">(8)<span class=\"_ _28f\"> </span><span class=\"ffd1 ls3 ws3\">33<span class=\"_ _351\"> </span></span></span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>22\u2002<span class=\"_ _c\"> </span>Post-r<span class=\"_ _3\"></span>etirement\u2002benefit<span class=\"_ _0\"></span>s\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>F<span class=\"_ _3\"></span>air v<span class=\"_ _3\"></span>alue <span class=\"_ _3\"></span>of scheme a<span class=\"_ _3\"></span>ssets <span class=\"_ _3\"></span>at 31 <span class=\"_ _3\"></span>Decemb<span class=\"_ _0\"></span>er<span class=\"_ _351\"> </span>2022<span class=\"_ _51\"> </span><span class=\"ffd1\">2021<span class=\"_ _351\"> </span></span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Ove<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>as<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>UK<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Overseas<span class=\"_ _351\"> </span>schemes<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Sovereign<span class=\"_ _3\"></span> debt<span class=\"_ _4\"> </span><span class=\"ffd0 ls9f wscd\">3<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span><span class=\"ls3 ws3\">120 <span class=\"_ _a0\"> </span><span class=\"lsaa wsd7\">3,694 <span class=\"_ _5e\"> </span></span></span></span><span class=\"ls5c ws8a\">5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>6 <span class=\"_ _15a\"> </span><span class=\"ffd1 ls3 ws3\">2<span class=\"_ _0\"></span>17 <span class=\"_ _6b\"> </span><span class=\"ffd2\">5,<span class=\"_ _0\"></span>97<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span></span></span>Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>te debt ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _302\"> </span><span class=\"ffd0 ls3 ws3\">1,<span class=\"_ _0\"></span>492 <span class=\"_ _26\"> </span><span class=\"ls6c ws99\">257 <span class=\"_ _99\"> </span><span class=\"ls9f wscd\">1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _7d\"> </span><span class=\"ffd1 ls7b wsaa\">3<span class=\"_ _0\"></span>,12<span class=\"_ _0\"></span>2 <span class=\"_ _83\"> </span></span></span></span><span class=\"ffd2\">38<span class=\"_ _0\"></span>9 <span class=\"_ _21\"> </span><span class=\"ffd1 ls74 wsa2\">3<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>511<span class=\"_ _351\"> </span></span></span></span>Interest rate swaps<span class=\"_ _ee\"> </span><span class=\"ffd0 ls3 ws3\">196 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _6f\"> </span>19<span class=\"_ _0\"></span>6 <span class=\"_ _28f\"> </span><span class=\"ffd1\">5<span class=\"_ _0\"></span>4 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _84\"> </span>54<span class=\"_ _351\"> </span></span></span>Inflation swaps<span class=\"_ _153\"> </span><span class=\"ffd0 ls3 ws3\">212 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _15a\"> </span>212 <span class=\"_ _6f\"> </span><span class=\"ffd2\">1<span class=\"_ _0\"></span>06 <span class=\"_ _19\"> </span><span class=\"ffd1\">\u2013 <span class=\"_ _6f\"> </span></span>10<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>Ca<span class=\"_ _0\"></span>sh and simil<span class=\"_ _0\"></span>ar inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(1,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>66)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _95\"> </span></span>(1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>6)<span class=\"_ _1a\"> </span><span class=\"ffd2 ls80 wsae\">(811)<span class=\"_ _1a\"> </span><span class=\"ffd1 ls3 ws3\">1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4 <span class=\"_ _21\"> </span></span>(6<span class=\"_ _0\"></span>67<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y\u2002dri<span class=\"_ _0\"></span>ven\u2002invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t\u2002(LD<span class=\"_ _0\"></span>I)\u2002po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os\u20022<span class=\"_ _351\"> </span>4,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>08 <span class=\"_ _6f\"> </span><span class=\"ls62 ws8f\">37<span class=\"_ _0\"></span>7 <span class=\"_ _5e\"> </span><span class=\"ls5c ws8a\">4<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5 <span class=\"_ _124\"> </span></span></span><span class=\"ffd1\">8,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>7 <span class=\"_ _73\"> </span>750 <span class=\"_ _6b\"> </span><span class=\"ffd2\">8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>97<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span></span>Listed<span class=\"_ _3\"></span> equ<span class=\"_ _3\"></span>ities<span class=\"_ _2e7\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _c8\"> </span>78 <span class=\"_ _75\"> </span>78 <span class=\"_ _19\"> </span><span class=\"ffd1\">\u2013 <span class=\"_ _7b\"> </span>101 <span class=\"_ _60\"> </span>101<span class=\"_ _351\"> </span></span></span>Unli<span class=\"_ _3\"></span>sted <span class=\"_ _3\"></span>equiti<span class=\"_ _3\"></span>es<span class=\"_ _23b\"> </span><span class=\"ffd0 ls3 ws3\">40 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _ae\"> </span>40 <span class=\"_ _c8\"> </span><span class=\"ffd1\">54 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _84\"> </span>5<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span></span>Synthetic equities<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>(8)<span class=\"_ _65\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _1b5\"> </span></span>(8)<span class=\"_ _84\"> </span><span class=\"ffd1 ls3 ws3\">4<span class=\"_ _0\"></span>3 <span class=\"_ _65\"> </span>4 <span class=\"_ _75\"> </span><span class=\"ls63 ws90\">47<span class=\"_ _0\"></span> </span></span>Sovereign<span class=\"_ _3\"></span> debt<span class=\"_ _303\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffd1\">\u2013 <span class=\"_ _e7\"> </span>4 <span class=\"_ _65\"> </span>4<span class=\"_ _351\"> </span></span></span>Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>te debt ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _12f\"> </span><span class=\"ffd0 ls3 ws3\">7<span class=\"_ _0\"></span>72 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _26\"> </span>7<span class=\"_ _0\"></span>72 <span class=\"_ _73\"> </span><span class=\"ffd1\">802 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _83\"> </span>802<span class=\"_ _351\"> </span></span></span>Cash<span class=\"_ _184\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _65\"> </span>5 <span class=\"_ _65\"> </span>5 <span class=\"_ _19\"> </span><span class=\"ffd1\">\u2013 <span class=\"_ _65\"> </span>2 <span class=\"_ _d2\"> </span>2<span class=\"_ _351\"> </span></span></span>Other<span class=\"_ _15d\"> </span><span class=\"ffd0 ls3 ws3\">3 <span class=\"_ _28f\"> </span>3<span class=\"_ _0\"></span>3 <span class=\"_ _84\"> </span>36 <span class=\"_ _d2\"> </span><span class=\"ffd1\">2 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _65\"> </span>2<span class=\"_ _351\"> </span></span></span>At 31 Dece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _4\"> </span><span class=\"ffd0 ls3 ws3\">5,21<span class=\"_ _0\"></span>5 <span class=\"_ _73\"> </span><span class=\"ls7b wsaa\">493<span class=\"_ _0\"></span> <span class=\"_ _156\"> </span></span></span><span class=\"ffd0\">5<span class=\"_ _0\"></span>,70<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _6c\"> </span></span><span class=\"ls7b wsaa\">9<span class=\"_ _0\"></span>,128 <span class=\"_ _1a\"> </span><span class=\"ls3 ws3\">86<span class=\"_ _0\"></span>1 <span class=\"_ _92\"> </span>9,<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>UK <span class=\"_ _0\"></span>cash <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>similar <span class=\"_ _2\"></span>instruments <span class=\"_ _0\"></span>include <span class=\"_ _2\"></span>repur<span class=\"_ _3\"></span>chase <span class=\"_ _0\"></span>agreements <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>UK <span class=\"_ _2\"></span>Government <span class=\"_ _0\"></span>bonds <span class=\"_ _2\"></span>amounting <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>\u00a3(1,221)m <span class=\"_ _0\"></span>(2021: <span class=\"_ _2\"></span>\u00a3(1,087)m). <span class=\"_ _0\"></span>The <span class=\"_ _2\"></span>latest <span class=\"_ _0\"></span>maturit<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>date <span class=\"_ _2\"></span>for <span class=\"_ _0\"></span>these <span class=\"_ _2\"></span>short-term <span class=\"_ _3d\"></span><span class=\"ffd1 ls3\"> </span>borrowing<span class=\"_ _3\"></span>s is April 2024<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>A <span class=\"_ _0\"></span>portfolio <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>gilt <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>swap <span class=\"_ _0\"></span>contracts, backed <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>investment-grade <span class=\"_ _0\"></span>credit instruments <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>diversified <span class=\"_ _0\"></span>liquidit<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>funds, <span class=\"_ _0\"></span>that <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>designed <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>hedge <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>majorit<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>interest <span class=\"_ _0\"></span>rate <span class=\"_ _0\"></span>and <span class=\"_ _3d\"></span><span class=\"ffd1 ls3 ws3\"> </span>inflation risks associated <span class=\"_ _3\"></span>with the schemes\u2019 <span class=\"_ _3\"></span>obligations<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span>Portfolios <span class=\"_ _3\"></span>of swap <span class=\"_ _f\"></span>contracts designed <span class=\"_ _f\"></span>to pr<span class=\"_ _3\"></span>ovide investm<span class=\"_ _3\"></span>ent r<span class=\"_ _3\"></span>eturns in <span class=\"_ _3\"></span>line <span class=\"_ _3\"></span>with global <span class=\"_ _3\"></span>equity markets. <span class=\"_ _3\"></span>The m<span class=\"_ _3\"></span>aximum exposur<span class=\"_ _f\"></span>e (notional <span class=\"_ _3\"></span>value and <span class=\"_ _f\"></span>accrued returns) <span class=\"_ _f\"></span>on the <span class=\"_ _3\"></span>portfolios was<span class=\"_ _351\"> </span>\u00a3344m (2021: \u00a3550m)<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e inv<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e is co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d by th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Tru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> Gro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e sc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s do<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t dir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> include any of the Group\u2019s <span class=\"_ _3\"></span>own financial inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, nor any <span class=\"_ _3\"></span>prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y occupie<span class=\"_ _0\"></span>d by<span class=\"_ _3\"></span>, or other asset<span class=\"_ _0\"></span>s used by<span class=\"_ _3\"></span>, the Group. At 31 <span class=\"_ _3\"></span>De<span class=\"_ _0\"></span>cemb<span class=\"_ _0\"></span>er<span class=\"_ _351\"> </span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, there was no indire<span class=\"_ _0\"></span>ct hol<span class=\"_ _0\"></span>ding of the Gro<span class=\"_ _0\"></span>up\u2019s financi<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: non<span class=\"_ _0\"></span>e).<span class=\"_ _351\"> </span>Th<span class=\"_ _0\"></span>e liqu<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> of <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e UK sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e was not sig<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by the rap<span class=\"_ _0\"></span>id ris<span class=\"_ _0\"></span>e in UK Gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt bo<span class=\"_ _0\"></span>nd yi<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ds in the se<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nd hal<span class=\"_ _0\"></span>f of 202<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>.<span class=\"_ _351\"> </span>The UK<span class=\"_ _3\"></span> schem<span class=\"_ _3\"></span>e (<span class=\"_ _3\"></span>and i<span class=\"_ _3\"></span>ts predec<span class=\"_ _3\"></span>essor<span class=\"_ _3\"></span> scheme<span class=\"_ _3\"></span>s)<span class=\"_ _3\"></span> benefited<span class=\"_ _3\"></span> from<span class=\"_ _3\"></span> pruden<span class=\"_ _3\"></span>t cas<span class=\"_ _3\"></span>h fun<span class=\"_ _3\"></span>ding<span class=\"_ _3\"></span> from<span class=\"_ _3\"></span> the Gr<span class=\"_ _3\"></span>oup<span class=\"_ _3\"></span> in pr<span class=\"_ _3\"></span>eviou<span class=\"_ _3\"></span>s fina<span class=\"_ _3\"></span>ncia<span class=\"_ _3\"></span>l ye<span class=\"_ _3\"></span>ars c<span class=\"_ _3\"></span>oupled<span class=\"_ _351\"> </span>wit<span class=\"_ _0\"></span>h l<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>g-te<span class=\"_ _0\"></span>rm <span class=\"_ _0\"></span>lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ivel<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>ell <span class=\"_ _0\"></span>fun<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>quen<span class=\"_ _0\"></span>tly<span class=\"_ _0\"></span> enabled <span class=\"_ _3\"></span>it <span class=\"_ _f\"></span>to k<span class=\"_ _3\"></span>eep <span class=\"_ _3\"></span>leverage <span class=\"_ _f\"></span>relatively lo<span class=\"_ _3\"></span>w. <span class=\"_ _f\"></span>Throughout <span class=\"_ _3\"></span>202<span class=\"_ _0\"></span>2, the<span class=\"_ _3\"></span> UK <span class=\"_ _f\"></span>scheme <span class=\"_ _3\"></span>maintained <span class=\"_ _3\"></span>adequate <span class=\"_ _f\"></span>levels of<span class=\"_ _3\"></span> liq<span class=\"_ _3\"></span>uidity and<span class=\"_ _3\"></span> el<span class=\"_ _3\"></span>igible <span class=\"_ _3\"></span>collateral<span class=\"_ _351\"> </span>to ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice it<span class=\"_ _0\"></span>s lever<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d pos<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Futur<span class=\"_ _f\"></span>e contributions<span class=\"_ _351\"> </span>The Gro<span class=\"_ _0\"></span>up expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s to cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ute app<span class=\"_ _0\"></span>roxima<span class=\"_ _0\"></span>tely \u00a3<span class=\"_ _0\"></span>70<span class=\"_ _0\"></span>m to its overs<span class=\"_ _0\"></span>eas de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d bene<span class=\"_ _0\"></span>fit sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s in 202<span class=\"_ _0\"></span>3 (20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>: \u00a36<span class=\"_ _0\"></span>6m).<span class=\"_ _0\"></span> In the UK<span class=\"_ _0\"></span>, any cash funding of RRUK<span class=\"_ _0\"></span>PF is based on a <span class=\"_ _3\"></span>st<span class=\"_ _0\"></span>atuto<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y trienni<span class=\"_ _0\"></span>al funding valuati<span class=\"_ _0\"></span>on process<span class=\"_ _0\"></span>. The Group and the T<span class=\"_ _f\"></span>rus<span class=\"_ _0\"></span>tee nego<span class=\"_ _0\"></span>tiate<span class=\"_ _0\"></span> and agre<span class=\"_ _0\"></span>e the<span class=\"_ _0\"></span> act<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l assum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d to value th<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>T<span class=\"_ _3\"></span>ech<span class=\"_ _0\"></span>nic<span class=\"_ _0\"></span>al Provi<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ns); as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span> which may dif<span class=\"_ _2\"></span>fer fro<span class=\"_ _0\"></span>m thos<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d for<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ou<span class=\"_ _0\"></span>t ab<span class=\"_ _2\"></span>ov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mp<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Tec<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> Pro<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> mu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>nt<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t es<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e of<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y.<span class=\"_ _0\"></span> Mos<span class=\"_ _0\"></span>t n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y, the <span class=\"_ _0\"></span>T<span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>chni<span class=\"_ _0\"></span>cal <span class=\"_ _0\"></span>Prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n di<span class=\"_ _0\"></span>sco<span class=\"_ _0\"></span>unt r<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>is cu<span class=\"_ _0\"></span>rrent<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>UK <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>overn<span class=\"_ _0\"></span>ment <span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>eld<span class=\"_ _0\"></span>s pl<span class=\"_ _0\"></span>us a <span class=\"_ _0\"></span>marg<span class=\"_ _0\"></span>in (<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>5% <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>March<span class=\"_ _0\"></span> 20<span class=\"_ _0\"></span>20 <span class=\"_ _2\"></span>valua<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on) <span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>lds <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>A <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>rate <span class=\"_ _2\"></span>bo<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>gne<span class=\"_ _0\"></span>d, <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>dule <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span> (So<span class=\"_ _0\"></span>C) <span class=\"_ _0\"></span>mus<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>agre<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>whic<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ut <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>be <span class=\"_ _2\"></span>pai<span class=\"_ _0\"></span>d. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>rece<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>arch <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>0, <span class=\"_ _2\"></span>agree<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> T<span class=\"_ _f\"></span>rustee i<span class=\"_ _3\"></span>n June<span class=\"_ _3\"></span> 2021<span class=\"_ _0\"></span>, sho<span class=\"_ _3\"></span>wed tha<span class=\"_ _3\"></span>t RRUKPF wa<span class=\"_ _3\"></span>s estima<span class=\"_ _3\"></span>ted to<span class=\"_ _3\"></span> be 105% fu<span class=\"_ _3\"></span>nded on<span class=\"_ _3\"></span> the T<span class=\"_ _f\"></span>echn<span class=\"_ _3\"></span>ical P<span class=\"_ _3\"></span>rovi<span class=\"_ _3\"></span>sions<span class=\"_ _3\"></span> basis<span class=\"_ _3\"></span> (estim<span class=\"_ _3\"></span>ated t<span class=\"_ _3\"></span>o be 109% at<span class=\"_ _351\"> </span>31 <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>). <span class=\"_ _0\"></span>Al<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>has <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aid <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ful<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrent <span class=\"_ _2\"></span>So<span class=\"_ _0\"></span>C <span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>quire <span class=\"_ _0\"></span>any <span class=\"_ _2\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e cu<span class=\"_ _0\"></span>rrent <span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>oC <span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>lude <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>reem<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>24 <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>7 (c<span class=\"_ _0\"></span>app<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>t \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5m <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>tot<span class=\"_ _0\"></span>al) <span class=\"_ _0\"></span>if <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>T<span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>chni<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span> Provis<span class=\"_ _0\"></span>ions fun<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is belo<span class=\"_ _0\"></span>w 107<span class=\"_ _0\"></span>% at 31 March 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>22\u2002<span class=\"_ _c\"> </span>Post-r<span class=\"_ _3\"></span>etirement\u2002benefit<span class=\"_ _0\"></span>s\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Sensitivities<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>fi<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> se<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ou<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fo<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>f<span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>U<span class=\"_ _2\"></span>K<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>fi<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>fi<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>D<span class=\"_ _b\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _b\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> all ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s cons<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s sen<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>alys<span class=\"_ _0\"></span>is may no<span class=\"_ _0\"></span>t be re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ual ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fit o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> as it is unlikely tha<span class=\"_ _0\"></span>t the chang<span class=\"_ _0\"></span>e in assump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns woul<span class=\"_ _0\"></span>d occur in isol<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of one anot<span class=\"_ _0\"></span>her as som<span class=\"_ _0\"></span>e of the assump<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons may be co<span class=\"_ _0\"></span>rrel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d.<span class=\"_ _351\"> </span>For th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span> signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span> fund<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _2\"></span>, the inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s hed<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e the<span class=\"_ _0\"></span> risk<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t rate<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d infl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> mea<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d on<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>pr<span class=\"_ _0\"></span>ox<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> sol<span class=\"_ _0\"></span>venc<span class=\"_ _0\"></span>y basi<span class=\"_ _0\"></span>s.<span class=\"_ _351\"> </span>For the <span class=\"_ _3\"></span>UK scheme, the interest rate <span class=\"_ _3\"></span>and inflatio<span class=\"_ _0\"></span>n hedging is <span class=\"_ _3\"></span>currently based on UK Government bond yields without any <span class=\"_ _3\"></span>adjust<span class=\"_ _0\"></span>ment for<span class=\"_ _351\"> </span>any <span class=\"_ _f\"></span>cred<span class=\"_ _0\"></span>it <span class=\"_ _f\"></span>sp<span class=\"_ _0\"></span>read<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>anal<span class=\"_ _0\"></span>ysis <span class=\"_ _3\"></span>set <span class=\"_ _3\"></span>out <span class=\"_ _3\"></span>be<span class=\"_ _0\"></span>low <span class=\"_ _f\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _f\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _3\"></span>dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ned <span class=\"_ _3\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>on <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _f\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>on <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n as a <span class=\"_ _3\"></span>resu<span class=\"_ _0\"></span>lt of reason<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e change<span class=\"_ _0\"></span>s in key <span class=\"_ _3\"></span>as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns occu<span class=\"_ _0\"></span>rri<span class=\"_ _0\"></span>ng at the end of the rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ting p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Redu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in the disco<span class=\"_ _0\"></span>unt rate of 0.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5%<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>Obligation<span class=\"_ _304\"> </span><span class=\"ffd0 lsb5 ws9a\">(2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5)<span class=\"_ _61\"> </span></span><span class=\"ls74 wsa2\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span>Pla<span class=\"_ _0\"></span>n asse<span class=\"_ _0\"></span>ts (L<span class=\"_ _0\"></span>DI po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>o)<span class=\"_ _2a6\"> </span><span class=\"ffd0 ls3 ws3\">2<span class=\"_ _0\"></span>35 <span class=\"_ _73\"> </span><span class=\"ffd1\">48<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span></span>Incre<span class=\"_ _0\"></span>ase in infl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of 0.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5%<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>Obligation<span class=\"_ _2c2\"> </span><span class=\"ffd0 ls63 ws90\">(70)<span class=\"_ _5c\"> </span></span><span class=\"ls66 ws93\">(210)<span class=\"_ _351\"> </span></span>Pla<span class=\"_ _0\"></span>n asse<span class=\"_ _0\"></span>ts (L<span class=\"_ _0\"></span>DI po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>o)<span class=\"_ _8a\"> </span><span class=\"ffd0 ls3 ws3\">91 <span class=\"_ _15a\"> </span><span class=\"ffd1 ls63 ws90\">1<span class=\"_ _0\"></span>47<span class=\"_ _351\"> </span></span></span>Incre<span class=\"_ _0\"></span>ase of 1% in trans<span class=\"_ _0\"></span>fer val<span class=\"_ _0\"></span>ue assum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> <span class=\"_ _b6\"> </span><span class=\"ls7b wsaa\">Obliga<span class=\"_ _0\"></span>tions<span class=\"_ _2e7\"> </span><span class=\"ffd0 ls63 ws90\">(3<span class=\"_ _0\"></span>0)<span class=\"_ _85\"> </span></span><span class=\"ls65 ws92\">(55)<span class=\"_ _351\"> </span></span></span>Incre<span class=\"_ _0\"></span>ase of 5% of trans<span class=\"_ _0\"></span>fers ins<span class=\"_ _0\"></span>tea<span class=\"_ _0\"></span>d of BPO<span class=\"_ _f5\"> </span><span class=\"ls7b wsaa\">O<span class=\"_ _0\"></span>bligations<span class=\"_ _305\"> </span><span class=\"ffd0 lsb5 ws9a\">(5)<span class=\"_ _1a\"> </span></span><span class=\"ls80 wsae\">(3<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span>One yea<span class=\"_ _0\"></span>r increas<span class=\"_ _0\"></span>e in life expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cy<span class=\"_ _2c5\"> </span><span class=\"ls7b wsaa\">Obligat<span class=\"_ _0\"></span>ions<span class=\"_ _306\"> </span><span class=\"ffd0 lsb5 ws9a\">(1<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5)<span class=\"_ _67\"> </span></span><span class=\"ls65 ws92\">(36<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>The differences between the sensitivities on obligations and plan assets arise <span class=\"_ _0\"></span>largely due to differences in the methods used to value the obligations for accounting <span class=\"_ _0\"></span>purposes and the<span class=\"_ _351\"> </span>adopted pr<span class=\"_ _3\"></span>oxy solvency basis<span class=\"_ _351\"> </span>23\u2002<span class=\"_ _34\"> </span>Share\u2002capital<span class=\"_ _351\"> </span>Non-<span class=\"_ _0\"></span>equit<span class=\"_ _0\"></span>y<span class=\"_ _147\"> </span>Equit<span class=\"_ _0\"></span>y<span class=\"_ _351\"> </span>Special<span class=\"_ _351\"> </span>Share<span class=\"_ _351\"> </span>of \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span>Nominal<span class=\"_ _351\"> </span>value<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Ordinary\u2002shares<span class=\"_ _351\"> </span>of\u200220<span class=\"_ _0\"></span>p\u2002e<span class=\"_ _0\"></span>ach<span class=\"_ _351\"> </span>Millions<span class=\"_ _351\"> </span>Nominal<span class=\"_ _351\"> </span>value<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Issu<span class=\"_ _0\"></span>ed\u2002an<span class=\"_ _0\"></span>d\u2002fully\u2002p<span class=\"_ _0\"></span>aid<span class=\"_ _351\"> </span>At 1 Januar<span class=\"_ _2\"></span>y 202<span class=\"_ _0\"></span>1<span class=\"_ _1d9\"> </span><span class=\"ffd1 ls3 ws3\">1 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _87\"> </span><span class=\"ffd2\">8,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>68 <span class=\"_ _99\"> </span><span class=\"lsce wsf8\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span> </span></span></span>At 31 Dece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>1<span class=\"_ _2a1\"> </span><span class=\"ffd1 ls3 ws3\">1 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _87\"> </span><span class=\"ffd2\">8,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>68 <span class=\"_ _99\"> </span><span class=\"lsce wsf8\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span> </span></span></span>At\u200231\u2002De<span class=\"_ _0\"></span>cemb<span class=\"_ _0\"></span>er\u20022<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _307\"> </span><span class=\"ffd0 ls3 ws3\">1 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _87\"> </span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>8 <span class=\"_ _6c\"> </span><span class=\"ls9f wscd\">1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span> </span></span>The ri<span class=\"_ _0\"></span>ght<span class=\"_ _0\"></span>s at<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ching to each cl<span class=\"_ _0\"></span>ass of share are set out on pa<span class=\"_ _0\"></span>ge 207.<span class=\"_ _351\"> </span>In acc<span class=\"_ _0\"></span>orda<span class=\"_ _0\"></span>nce wi<span class=\"_ _0\"></span>th I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 32 <span class=\"ffd4 ls60 ws8d\">Financial Instruments: Pr<span class=\"_ _3\"></span>esentation<span class=\"_ _3\"></span><span class=\"ffd2 ls80 wsae\">, the Company\u2019s<span class=\"_ _3\"></span> non-cumulative r<span class=\"_ _3\"></span>edeemable prefer<span class=\"_ _3\"></span>ence sha<span class=\"_ _3\"></span>res (C<span class=\"_ _3\"></span> Shares<span class=\"_ _3\"></span>)<span class=\"_ _351\"> </span></span></span>are clas<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed as finan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Accord<span class=\"_ _0\"></span>ingl<span class=\"_ _0\"></span>y, <span class=\"_ _3\"></span>movem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in C Shares are includ<span class=\"_ _0\"></span>ed in note 20<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>24\u2002<span class=\"_ _c\"> </span>S<span class=\"_ _0\"></span>hare-based\u2002payments<span class=\"_ _351\"> </span>Effect of share-ba<span class=\"_ _3\"></span>sed pay<span class=\"_ _3\"></span>ment tr<span class=\"_ _3\"></span>ansactions on the Gr<span class=\"_ _3\"></span>oup\u2019<span class=\"_ _f\"></span>s results and financi<span class=\"_ _3\"></span>al position<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>tal exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed for eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d share<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _8a\"> </span><span class=\"ffd0 ls3 ws3\">46 <span class=\"_ _c8\"> </span><span class=\"ffd1\">28<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>tal cos<span class=\"_ _0\"></span>t reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed for c<span class=\"_ _0\"></span>ash<span class=\"_ _0\"></span>-s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d share<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _4\"> </span><span class=\"ffd0 ls3 ws3\">1 <span class=\"_ _d2\"> </span><span class=\"ffd1\">\u2013<span class=\"_ _351\"> </span></span></span>Share<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in the cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d incom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _2ca\"> </span><span class=\"ffd0 ls83 wsb1\">47<span class=\"_ _0\"></span> <span class=\"_ _c8\"> </span><span class=\"ffd1 ls3 ws3\">28<span class=\"_ _351\"> </span></span></span>Liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for cash<span class=\"_ _0\"></span>-s<span class=\"_ _0\"></span>et<span class=\"_ _2\"></span>tle<span class=\"_ _0\"></span>d share<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d paym<span class=\"_ _0\"></span>ent tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _184\"> </span><span class=\"ffd0 ls3 ws3\">1 <span class=\"_ _d2\"> </span><span class=\"ffd1\">\u2013<span class=\"_ _351\"> </span></span></span>A descr<span class=\"_ _0\"></span>ipt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of the share<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d paym<span class=\"_ _0\"></span>ent pla<span class=\"_ _0\"></span>ns is includ<span class=\"_ _0\"></span>ed in the Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s\u2019 Remun<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n Repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t on pag<span class=\"_ _0\"></span>es 7<span class=\"_ _0\"></span>7 to 95<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Mo<span class=\"_ _3\"></span>vemen<span class=\"_ _3\"></span>ts in the Group\u2019<span class=\"_ _f\"></span>s shar<span class=\"_ _3\"></span>e-based pa<span class=\"_ _3\"></span>yment plans during the y<span class=\"_ _f\"></span>ear<span class=\"_ _351\"> </span>ShareSa<span class=\"_ _3\"></span>ve<span class=\"_ _f7\"> </span><span class=\"ls188 ws1bb\">LT<span class=\"_ _0\"></span>I<span class=\"_ _2\"></span>P<span class=\"_ _1a\"> </span></span><span class=\"ffd0\">DS<span class=\"_ _0\"></span>BP<span class=\"_ _351\"> </span></span>Number<span class=\"_ _351\"> </span>Millions<span class=\"_ _351\"> </span>Wei<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>avera<span class=\"_ _0\"></span>ge<span class=\"_ _351\"> </span>exerci<span class=\"_ _0\"></span>se\u2002p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>Pence<span class=\"_ _351\"> </span>Number<span class=\"_ _351\"> </span>Millions<span class=\"_ _351\"> </span>Number<span class=\"_ _351\"> </span>Millions<span class=\"_ _351\"> </span>Out<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g at 1 <span class=\"_ _3\"></span>Ja<span class=\"_ _0\"></span>nua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 202<span class=\"_ _0\"></span>1<span class=\"_ _1b0\"> </span><span class=\"ls3 ws3\">49.<span class=\"_ _0\"></span>6 <span class=\"_ _86\"> </span>239 <span class=\"_ _71\"> </span><span class=\"lsd0 wsfa\">6<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _84\"> </span></span><span class=\"ffd1\">1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span></span>Granted<span class=\"_ _2b5\"> </span><span class=\"ls3\">56<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8 <span class=\"_ _28f\"> </span>9<span class=\"_ _0\"></span>7 <span class=\"_ _67\"> </span><span class=\"ffd1\">33<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8 <span class=\"_ _2b\"> </span><span class=\"ls7b wsaa\">0.1<span class=\"_ _0\"></span> </span></span></span>Forfeited<span class=\"_ _a2\"> </span><span class=\"ls73 wsa1\">(<span class=\"_ _0\"></span>31<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3)<span class=\"_ _86\"> </span><span class=\"ls3 ws3\">23<span class=\"_ _0\"></span>9 <span class=\"_ _67\"> </span><span class=\"ls6b ws98\">(14.<span class=\"_ _0\"></span>3)<span class=\"_ _62\"> </span><span class=\"ls80 wsae\">(0.1)<span class=\"_ _351\"> </span></span></span></span></span>Exer<span class=\"_ _3\"></span>cised<span class=\"_ _213\"> </span><span class=\"ffd1 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _5c\"> </span></span><span class=\"ls7b wsaa\">(10<span class=\"_ _0\"></span>.1)<span class=\"_ _83\"> </span><span class=\"ls80 wsae\">(0.6)<span class=\"_ _351\"> </span></span></span>Out<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g at 31 Decemb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _294\"> </span><span class=\"ffd1 ls7b wsaa\">75<span class=\"_ _0\"></span>.1 <span class=\"_ _85\"> </span><span class=\"ls6b ws98\">132<span class=\"_ _0\"></span> <span class=\"_ _71\"> </span><span class=\"lsd0 wsfa\">7<span class=\"_ _b\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span> <span class=\"_ _1a\"> </span><span class=\"ls3 ws3\">0.<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span></span>Granted<span class=\"_ _192\"> </span><span class=\"ffd0 ls6d wscb\">0<span class=\"_ _0\"></span>.1 <span class=\"_ _26\"> </span><span class=\"ls3 ws3\">10<span class=\"_ _0\"></span>4 <span class=\"_ _5c\"> </span><span class=\"ls7e wsac\">4<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span> <span class=\"_ _73\"> </span></span>12<span class=\"_ _0\"></span>.3<span class=\"_ _351\"> </span></span></span>Forfeited<span class=\"_ _2f0\"> </span><span class=\"ffd0 ls63 ws90\">(9.<span class=\"_ _0\"></span>6)<span class=\"_ _7b\"> </span><span class=\"ls3 ws3\">161 <span class=\"_ _67\"> </span><span class=\"ls74 wsa2\">(13.<span class=\"_ _0\"></span>4)<span class=\"_ _73\"> </span></span></span>(0.<span class=\"_ _0\"></span>2)<span class=\"_ _351\"> </span></span>Exer<span class=\"_ _3\"></span>cised<span class=\"_ _308\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _aa\"> </span><span class=\"ls7e wsac\">(<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _86\"> </span></span></span><span class=\"ffd0\">(<span class=\"_ _0\"></span>0.7<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Out<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>andi<span class=\"_ _0\"></span>ng\u2002at\u200231\u2002D<span class=\"_ _0\"></span>ece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r\u200220<span class=\"_ _0\"></span>22<span class=\"_ _2be\"> </span><span class=\"ffd0 ls3 ws3\">65.<span class=\"_ _0\"></span>6 <span class=\"_ _85\"> </span>12<span class=\"_ _0\"></span>7 <span class=\"_ _21\"> </span><span class=\"ls7b wsaa\">93<span class=\"_ _0\"></span>.0 <span class=\"_ _86\"> </span></span>12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span>Exe<span class=\"_ _0\"></span>rcisabl<span class=\"_ _0\"></span>e\u2002at\u200231\u2002De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber\u20022<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _78\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span></span>E<span class=\"_ _0\"></span>xercis<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e at 31 <span class=\"_ _3\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>1<span class=\"_ _309\"> </span><span class=\"ffd1 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span></span>The w<span class=\"_ _3\"></span>eigh<span class=\"_ _3\"></span>ted a<span class=\"_ _3\"></span>verag<span class=\"_ _3\"></span>e sha<span class=\"_ _3\"></span>re pri<span class=\"_ _3\"></span>ce at<span class=\"_ _3\"></span> the da<span class=\"_ _3\"></span>te s<span class=\"_ _3\"></span>hare<span class=\"_ _3\"></span> options<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>wer<span class=\"_ _3\"></span>e ex<span class=\"_ _3\"></span>erc<span class=\"_ _3\"></span>ised w<span class=\"_ _3\"></span>as 95p (2021: 1<span class=\"_ _3\"></span>19p). The<span class=\"_ _3\"></span> clos<span class=\"_ _3\"></span>ing pr<span class=\"_ _3\"></span>ice a<span class=\"_ _3\"></span>t 31<span class=\"_ _3\"></span> December<span class=\"_ _3\"></span> 2022<span class=\"_ _351\"> </span>was 93<span class=\"_ _0\"></span>p (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: 12<span class=\"_ _0\"></span>3p).<span class=\"_ _0\"></span> The <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>eigh<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>ave<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rema<span class=\"_ _0\"></span>ining <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ife <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>sha<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>ece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wo <span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ars <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wo <span class=\"_ _2\"></span>years) <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>rang<span class=\"_ _0\"></span>e of exercise pri<span class=\"_ _0\"></span>ces for th<span class=\"_ _0\"></span>e share opt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s as at 31 <span class=\"_ _3\"></span>De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 was 97p to 26<span class=\"_ _0\"></span>1p.<span class=\"_ _351\"> </span>F<span class=\"_ _3\"></span>air v<span class=\"_ _3\"></span>alues <span class=\"_ _3\"></span>of shar<span class=\"_ _3\"></span>e-based pa<span class=\"_ _f\"></span>yment <span class=\"_ _3\"></span>plans<span class=\"_ _351\"> </span>The weig<span class=\"_ _0\"></span>hted avera<span class=\"_ _0\"></span>ge fair valu<span class=\"_ _0\"></span>e per share of equit<span class=\"_ _0\"></span>y-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d share-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>ment pl<span class=\"_ _0\"></span>ans grante<span class=\"_ _0\"></span>d during the year, <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ted at the date of<span class=\"_ _351\"> </span>grant<span class=\"_ _0\"></span>, are as foll<span class=\"_ _0\"></span>ows<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>2022<span class=\"_ _85\"> </span><span class=\"ffd1\">2021<span class=\"_ _351\"> </span></span>L<span class=\"_ _f\"></span>TIP<span class=\"_ _30a\"> </span><span class=\"ffd0 ls3 ws3\">90<span class=\"_ _0\"></span>p <span class=\"_ _7d\"> </span><span class=\"ffd1\">10<span class=\"_ _0\"></span>4p<span class=\"_ _351\"> </span></span></span>Share<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>ave \u2013 three year grant<span class=\"_ _1eb\"> </span><span class=\"ffcf ls91 wsbe\">n/a<span class=\"_ _2\"></span>\u2002<span class=\"_ _64\"> </span></span><span class=\"lsb5 ws9a\">6<span class=\"_ _0\"></span>7p<span class=\"_ _0\"></span> </span>DSBP<span class=\"_ _30b\"> </span><span class=\"ffd0\">91p <span class=\"_ _7d\"> </span><span class=\"ffd1\">1<span class=\"_ _0\"></span>05p<span class=\"_ _351\"> </span></span></span>Long-term incen<span class=\"_ _3\"></span>tive <span class=\"_ _3\"></span>plans (L<span class=\"_ _32\"></span>TIP)<span class=\"_ _351\"> </span>The fair <span class=\"_ _3\"></span>val<span class=\"_ _0\"></span>ue <span class=\"_ _3\"></span>of shares <span class=\"_ _3\"></span>award<span class=\"_ _0\"></span>ed is <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>usin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>mo<span class=\"_ _0\"></span>del that <span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>kes <span class=\"_ _3\"></span>acc<span class=\"_ _0\"></span>ount of <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ment to <span class=\"_ _f\"></span>di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>(or <span class=\"_ _3\"></span>eq<span class=\"_ _0\"></span>uiva<span class=\"_ _0\"></span>lent<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span>durin<span class=\"_ _0\"></span>g <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>ves<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>and <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>mar<span class=\"_ _0\"></span>ket-base<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>form<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion <span class=\"_ _3\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>on <span class=\"_ _f\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _f\"></span>ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>vol<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>cor<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>share<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ce re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>rns <span class=\"_ _0\"></span>in t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>group <span class=\"_ _0\"></span>of F<span class=\"_ _2\"></span>TS<span class=\"_ _0\"></span>E <span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mpani<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>whic<span class=\"_ _0\"></span>h in<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alua<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>rdep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>cy <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n s<span class=\"_ _0\"></span>hare p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce<span class=\"_ _351\"> </span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rman<span class=\"_ _0\"></span>ce and TS<span class=\"_ _0\"></span>R ves<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g. Thi<span class=\"_ _0\"></span>s adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt decre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s the fai<span class=\"_ _0\"></span>r value of the award rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive to the share pr<span class=\"_ _0\"></span>ice at the date of gran<span class=\"_ _0\"></span>t.<span class=\"_ _351\"> </span>Shar<span class=\"_ _3\"></span>eSa<span class=\"_ _3\"></span>ve<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>ir v<span class=\"_ _0\"></span>alue <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons <span class=\"_ _0\"></span>grant<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>is c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>g a <span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>cing <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>ll exe<span class=\"_ _0\"></span>rcise <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>eir <span class=\"_ _0\"></span>opt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>O<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> e<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Deferred <span class=\"_ _3\"></span>Share <span class=\"_ _3\"></span>Bonus Plan (DS<span class=\"_ _3\"></span>BP)<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>fair <span class=\"_ _2\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>shares <span class=\"_ _2\"></span>award<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>DS<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>P <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>calcu<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rice <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>awa<span class=\"_ _0\"></span>rd, <span class=\"_ _2\"></span>excludin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ds<span class=\"_ _351\"> </span>(or equ<span class=\"_ _0\"></span>ival<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>).<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>25\u2002<span class=\"_ _c\"> </span>C<span class=\"_ _0\"></span>ontingent\u2002li<span class=\"_ _3\"></span>abilities<span class=\"_ _351\"> </span>In <span class=\"_ _2\"></span>Jan<span class=\"_ _0\"></span>uar<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>17, <span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>ful<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span><span class=\"lsaa wsd7\">the <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ompan<span class=\"_ _3\"></span>y<span class=\"ls20d ws241\"> <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _f\"></span>c<span class=\"_ _3\"></span>l<span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>d<span class=\"_ _f\"></span>ef<span class=\"_ _32\"></span>er<span class=\"_ _32\"></span>r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>o<span class=\"_ _f\"></span>se<span class=\"_ _f\"></span>c<span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span>io<span class=\"_ _f\"></span>n<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>g<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>m<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _f\"></span>ts<span class=\"_ _32\"></span> <span class=\"_ _2\"></span>(<span class=\"_ _3\"></span>D<span class=\"_ _3\"></span>P<span class=\"_ _32\"></span>A)<span class=\"_ _32\"></span> <span class=\"_ _2\"></span>w<span class=\"_ _3\"></span>i<span class=\"_ _f\"></span>th<span class=\"_ _32\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>S<span class=\"_ _3\"></span>F<span class=\"_ _f\"></span>O<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _f\"></span>d<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _f\"></span>h<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>US<span class=\"_ _32\"></span> <span class=\"_ _33\"></span><span class=\"ffd1 ls3 ws3\"> </span></span></span>Dep<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>tme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>J<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ce <span class=\"_ _2\"></span>(Do<span class=\"_ _0\"></span>J) <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>leni<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>agre<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>MP<span class=\"_ _0\"></span>F<span class=\"_ _f\"></span>, <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>Bra<span class=\"_ _0\"></span>zili<span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>fed<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rose<span class=\"_ _0\"></span>cuto<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>te<span class=\"_ _0\"></span>rms <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>bo<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>D<span class=\"_ _0\"></span>P<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>have<span class=\"_ _351\"> </span>now <span class=\"_ _2\"></span>expire<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>nues <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o-<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rate <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Co<span class=\"_ _0\"></span>ntrol<span class=\"_ _0\"></span>ler <span class=\"_ _2\"></span>Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>Bra<span class=\"_ _0\"></span>zil <span class=\"_ _2\"></span>(CGU<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>der <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rms <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>-yea<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>nien<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> 20<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>1 rel<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> to th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> his<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>. Ce<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> inv<span class=\"_ _0\"></span>es<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> me<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> mat<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ers <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>misc<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>o h<span class=\"_ _0\"></span>isto<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>cal <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y. Ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>may <span class=\"_ _0\"></span>be <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>fur<span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _33\"></span><span class=\"ffd1 ls3 ws3\"> </span>authorities <span class=\"_ _2\"></span>against <span class=\"_ _0\"></span><span class=\"ls87 wsb5\">t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny<span class=\"ls240 ws1aa\"> <span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>i<span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>d<span class=\"_ _f\"></span>iv<span class=\"_ _32\"></span>id<span class=\"_ _32\"></span>u<span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>ls<span class=\"_ _f\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>I<span class=\"_ _3\"></span>n<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>d<span class=\"_ _f\"></span>it<span class=\"_ _f\"></span>i<span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>,<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _f\"></span>h<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>G<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>u<span class=\"_ _f\"></span>p<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>c<span class=\"_ _f\"></span>ou<span class=\"_ _32\"></span>l<span class=\"_ _3\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _f\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>be<span class=\"_ _32\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ff<span class=\"_ _32\"></span>ec<span class=\"_ _f\"></span>t<span class=\"_ _f\"></span>ed<span class=\"_ _32\"></span> <span class=\"_ _2\"></span>b<span class=\"_ _f\"></span>y<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span>io<span class=\"_ _32\"></span>n<span class=\"_ _3\"></span>s<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>f<span class=\"_ _f\"></span>r<span class=\"_ _3\"></span>o<span class=\"_ _f\"></span>m<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>h<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>p<span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>rt<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>s,<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _f\"></span>nc<span class=\"_ _32\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _f\"></span>ng<span class=\"_ _f\"></span> </span></span>customers, <span class=\"_ _0\"></span>customers\u2019 <span class=\"_ _0\"></span>financiers <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span><span class=\"ls3 ws3\">the <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ompan<span class=\"_ _3\"></span>y<span class=\"_ _0\"></span><span class=\"ls6d wscb\">\u2019s <span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nvesto<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>oten<span class=\"_ _0\"></span>tial <span class=\"_ _2\"></span>cl<span class=\"_ _0\"></span>aims <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span> </span></span>Group\u2019s <span class=\"_ _3\"></span>historic<span class=\"_ _0\"></span>al ethics and <span class=\"_ _3\"></span>compliance disclosures wh<span class=\"_ _3\"></span>ich have<span class=\"_ _3\"></span> been noti<span class=\"_ _0\"></span>fied to <span class=\"ws99\">the Company<span class=\"_ _f\"></span>. The Directors are not <span class=\"_ _3\"></span>currently aware of<span class=\"_ _351\"> </span></span>any ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at are <span class=\"_ _0\"></span>likel<span class=\"_ _0\"></span>y to l<span class=\"_ _0\"></span>ead <span class=\"_ _0\"></span>to a <span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>rial <span class=\"_ _0\"></span>fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l lo<span class=\"_ _0\"></span>ss ove<span class=\"_ _0\"></span>r and <span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ove t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ies i<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>nnot <span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>ate al<span class=\"_ _0\"></span>l t<span class=\"_ _0\"></span>he<span class=\"_ _351\"> </span>pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns that may be t<span class=\"_ _0\"></span>aken or thei<span class=\"_ _0\"></span>r poten<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l conse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>exi<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>gu<span class=\"_ _0\"></span>arant<span class=\"_ _0\"></span>ees <span class=\"_ _2\"></span>prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ord<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ours<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>deli<span class=\"_ _0\"></span>ver<span class=\"_ _2\"></span>y, <span class=\"_ _35\"></span><span class=\"ffd1 ls3 ws3\"> </span>commi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>ade for <span class=\"_ _f\"></span>fut<span class=\"_ _0\"></span>ure <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>vice <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>mand in <span class=\"_ _f\"></span>respe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>of maintenan<span class=\"_ _0\"></span>ce, <span class=\"_ _3\"></span>rep<span class=\"_ _0\"></span>air <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>over<span class=\"_ _0\"></span>haul<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>reli<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y. <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span> has, <span class=\"_ _f\"></span>in <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>normal <span class=\"_ _f\"></span>course <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>business, <span class=\"_ _f\"></span>entered <span class=\"_ _f\"></span>into <span class=\"_ _32\"></span>a<span class=\"_ _0\"></span>rrangements <span class=\"_ _f\"></span>in <span class=\"_ _f\"></span>respect <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>export <span class=\"_ _3\"></span>finance, <span class=\"_ _f\"></span>per<span class=\"_ _0\"></span>formance <span class=\"_ _f\"></span>bonds<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>countertrade <span class=\"_ _3\"></span>obligations<span class=\"_ _351\"> </span>and m<span class=\"_ _3\"></span>inor m<span class=\"_ _3\"></span>iscellaneou<span class=\"_ _3\"></span>s item<span class=\"_ _3\"></span>s. V<span class=\"_ _3\"></span>arious Gr<span class=\"_ _3\"></span>oup u<span class=\"_ _3\"></span>ndert<span class=\"_ _0\"></span>akings<span class=\"_ _3\"></span> are<span class=\"_ _3\"></span> parties to <span class=\"_ _3\"></span>legal actions<span class=\"_ _3\"></span> and c<span class=\"_ _3\"></span>laims <span class=\"_ _3\"></span>(incl<span class=\"_ _3\"></span>uding <span class=\"_ _3\"></span>with tax author<span class=\"_ _3\"></span>ities)<span class=\"_ _3\"></span> which<span class=\"_ _351\"> </span>aris<span class=\"_ _0\"></span>e in t<span class=\"_ _0\"></span>he ord<span class=\"_ _0\"></span>inar<span class=\"_ _2\"></span>y cour<span class=\"_ _0\"></span>se of b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>ome <span class=\"_ _0\"></span>of whi<span class=\"_ _0\"></span>ch are fo<span class=\"_ _0\"></span>r subs<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>s a co<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nce o<span class=\"_ _0\"></span>f the i<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lven<span class=\"_ _0\"></span>cy o<span class=\"_ _0\"></span>f an insu<span class=\"_ _0\"></span>rer as<span class=\"_ _0\"></span> previ<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>ly rep<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup i<span class=\"_ _0\"></span>s no l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>ully <span class=\"_ _0\"></span>insure<span class=\"_ _0\"></span>d ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t kn<span class=\"_ _0\"></span>own a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>oten<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l cla<span class=\"_ _0\"></span>ims f<span class=\"_ _0\"></span>rom em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>ho wo<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>d for <span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n of<span class=\"_ _351\"> </span>the Gro<span class=\"_ _0\"></span>up\u2019s UK base<span class=\"_ _0\"></span>d busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es for a perio<span class=\"_ _0\"></span>d pri<span class=\"_ _0\"></span>or to the acquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion of thos<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s by the Group.<span class=\"_ _351\"> </span>In<span class=\"_ _3\"></span> con<span class=\"_ _f\"></span>nectio<span class=\"_ _3\"></span>n w<span class=\"_ _3\"></span>ith<span class=\"_ _3\"></span> the<span class=\"_ _3\"></span> sal<span class=\"_ _3\"></span>e o<span class=\"_ _3\"></span>f its<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>pr<span class=\"_ _3\"></span>odu<span class=\"_ _3\"></span>cts, th<span class=\"_ _3\"></span>e Gr<span class=\"_ _f\"></span>oup<span class=\"_ _3\"></span> wi<span class=\"_ _3\"></span>ll, on<span class=\"_ _f\"></span> some<span class=\"_ _3\"></span> occa<span class=\"_ _f\"></span>sion<span class=\"_ _3\"></span>s, p<span class=\"_ _3\"></span>ro<span class=\"_ _3\"></span>vid<span class=\"_ _3\"></span>e fi<span class=\"_ _3\"></span>nan<span class=\"_ _3\"></span>ci<span class=\"_ _3\"></span>ng<span class=\"_ _3\"></span> su<span class=\"_ _3\"></span>pport<span class=\"_ _3\"></span> for<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>its<span class=\"_ _3\"></span> cus<span class=\"_ _3\"></span>to<span class=\"_ _3\"></span>mer<span class=\"_ _3\"></span>s, ge<span class=\"_ _3\"></span>ner<span class=\"_ _f\"></span>ally<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>in<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span> br<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>j<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> of<span class=\"_ _2\"></span> $<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>bn (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: $1<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>n) (on a <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d ba<span class=\"_ _0\"></span>sis) to pro<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>de f<span class=\"_ _0\"></span>aci<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> to enab<span class=\"_ _0\"></span>le cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s to purch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e aircr<span class=\"_ _0\"></span>af<span class=\"_ _2\"></span>t (of whic<span class=\"_ _0\"></span>h app<span class=\"_ _0\"></span>rox<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span> $0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>bn<span class=\"_ _0\"></span> could be called during 202<span class=\"_ _0\"></span>3). These facilities may only be used if <span class=\"_ _3\"></span>the customer is unable to obtain financing <span class=\"_ _3\"></span>el<span class=\"_ _0\"></span>sewhere and are <span class=\"_ _3\"></span>price<span class=\"_ _0\"></span>d at<span class=\"_ _351\"> </span>a <span class=\"_ _0\"></span>premiu<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>arke<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal <span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>rcraf<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>ilure <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mers <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>et<span class=\"_ _351\"> </span>their obligations <span class=\"_ _0\"></span>under <span class=\"_ _0\"></span>such financing agreements, <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>inadequate provisions for <span class=\"_ _0\"></span>customer financing liabilities <span class=\"_ _0\"></span>may adversely a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fect <span class=\"_ _0\"></span>the<span class=\"_ _351\"> </span>Grou<span class=\"_ _0\"></span>p\u2019s financia<span class=\"_ _0\"></span>l posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _351\"> </span>Th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p has<span class=\"_ _0\"></span> resp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span> to the<span class=\"_ _0\"></span> Russ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a-<span class=\"_ _2\"></span>Uk<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> to comp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> san<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>l reg<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span>and also to <span class=\"_ _3\"></span>implement our business decision to <span class=\"_ _3\"></span>exit from Russia. The <span class=\"_ _3\"></span>Group could be subject to action by i<span class=\"_ _3\"></span>mpac<span class=\"_ _0\"></span>ted customers and other<span class=\"_ _351\"> </span>contract par<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Whil<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>outc<span class=\"_ _0\"></span>ome <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>ab<span class=\"_ _0\"></span>ove <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rs <span class=\"_ _3\"></span>can<span class=\"_ _0\"></span>not <span class=\"_ _3\"></span>prec<span class=\"_ _0\"></span>isel<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>fores<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n, <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _f\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>ny <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>ese <span class=\"_ _3\"></span>ar<span class=\"_ _0\"></span>rang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>le<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>or claim<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, afte<span class=\"_ _0\"></span>r allow<span class=\"_ _0\"></span>ing for provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s alread<span class=\"_ _0\"></span>y made, to result in signifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt loss to the Group<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>26\u2002<span class=\"_ _c\"> </span>Related\u2002par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y\u2002transactions<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Sal<span class=\"_ _0\"></span>es of goo<span class=\"_ _0\"></span>ds and se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>5<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span> <span class=\"_ _156\"> </span><span class=\"ffd1 ls3 ws3\">3,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span>Purcha<span class=\"_ _0\"></span>ses of goo<span class=\"_ _0\"></span>ds and se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5)<span class=\"_ _95\"> </span><span class=\"ffd2 ls9c wsc9\">(3,67<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to joint vent<span class=\"_ _0\"></span>ures and ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ates<span class=\"_ _277\"> </span><span class=\"ffd0 ls6d wscb\">(1<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3)<span class=\"_ _71\"> </span></span><span class=\"ls65 ws92\">(2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span>Gua<span class=\"_ _0\"></span>rante<span class=\"_ _0\"></span>es of joint ar<span class=\"_ _0\"></span>rang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s\u2019 and ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>\u2019 bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs<span class=\"_ _20a\"> </span><span class=\"ffd0 ls3 ws3\">3 <span class=\"_ _ed\"> </span><span class=\"ffd1\">1<span class=\"_ _351\"> </span></span></span>Gua<span class=\"_ _0\"></span>rante<span class=\"_ _0\"></span>es of non<span class=\"_ _0\"></span>-wh<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>y owne<span class=\"_ _0\"></span>d subsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies\u2019 b<span class=\"_ _0\"></span>orro<span class=\"_ _0\"></span>wing<span class=\"_ _0\"></span>s<span class=\"_ _70\"> </span><span class=\"ffd0 ls3 ws3\">3 <span class=\"_ _e7\"> </span><span class=\"ffd1\">3<span class=\"_ _351\"> </span></span></span>Div<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ends rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d from join<span class=\"_ _0\"></span>t ventures an<span class=\"_ _0\"></span>d asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>s<span class=\"_ _1e5\"> </span><span class=\"ffd0 ls98 wsc5\">73<span class=\"ffd1 ls3 ws3\"> <span class=\"_ _75\"> </span>2<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r incom<span class=\"_ _0\"></span>e recei<span class=\"_ _0\"></span>ved from jo<span class=\"_ _0\"></span>int venture<span class=\"_ _0\"></span>s and asso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes<span class=\"_ _1b2\"> </span><span class=\"ffd0 ls3 ws3\">2 <span class=\"_ _65\"> </span><span class=\"ffd1\">3<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>Sales of goods and services to related parties and pur<span class=\"_ _f\"></span>chases of goods and services from related parties, including joint ventur<span class=\"_ _f\"></span>es and associates, are included at the average e<span class=\"_ _3\"></span>xchange<span class=\"_ _351\"> </span>rate, consistent <span class=\"_ _3\"></span>with the statutory incom<span class=\"_ _3\"></span>e statement<span class=\"_ _351\"> </span>I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> of go<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> are<span class=\"_ _0\"></span> sa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> of sp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00a3<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> (2<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>:<span class=\"_ _0\"></span> \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>m)<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h sa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to \u00a3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>m (2<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>:<span class=\"_ _0\"></span> \u00a347<span class=\"_ _0\"></span>m)<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> pro<span class=\"_ _0\"></span>fi<span class=\"_ _2\"></span>t on<span class=\"_ _0\"></span> cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>re<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n of<span class=\"_ _0\"></span> pro<span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> on si<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> sal<span class=\"_ _0\"></span>es in previo<span class=\"_ _0\"></span>us years<span class=\"_ _0\"></span>. Ca<span class=\"_ _0\"></span>sh recei<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>s rela<span class=\"_ _0\"></span>ting to th<span class=\"_ _0\"></span>e sale of spare engi<span class=\"_ _0\"></span>nes amo<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d to \u00a340<span class=\"_ _0\"></span>m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>81<span class=\"_ _0\"></span>m).<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>j<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>1<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Tr<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>.<span class=\"_ _351\"> </span>In the cours<span class=\"_ _0\"></span>e of <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>l opera<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y transa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns entere<span class=\"_ _0\"></span>d into by <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p have <span class=\"_ _3\"></span>be<span class=\"_ _0\"></span>en cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d on an <span class=\"_ _3\"></span>ar<span class=\"_ _0\"></span>m\u2019s-le<span class=\"_ _0\"></span>ngt<span class=\"_ _0\"></span>h basis<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Ke<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o be<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s 6<span class=\"_ _0\"></span>2 to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> and<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> E<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e T<span class=\"_ _3\"></span>ea<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> (de<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n pa<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 59)<span class=\"_ _0\"></span>. Remune<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion fo<span class=\"_ _0\"></span>r key managem<span class=\"_ _0\"></span>ent pe<span class=\"_ _0\"></span>rso<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>l is shown bel<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Sal<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies and sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-term b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s<span class=\"_ _245\"> </span><span class=\"ffd0 ls95 wsc2\">18<span class=\"_ _57\"> </span><span class=\"ffd1 ls3 ws3\">20<span class=\"_ _351\"> </span></span></span>Post<span class=\"_ _3\"></span>-retirement <span class=\"_ _3\"></span>schemes<span class=\"_ _263\"> </span><span class=\"ffd0 ls3 ws3\">\u2013<span class=\"_ _bf\"> </span><span class=\"ffd1\">\u2013<span class=\"_ _351\"> </span></span></span>Share-based <span class=\"_ _3\"></span>payments<span class=\"_ _30c\"> </span><span class=\"ffd0 ls5a ws9f\">10<span class=\"_ _17e\"> </span><span class=\"ffd1 ls3 ws3\">4<span class=\"_ _351\"> </span></span></span>28<span class=\"_ _bb\"> </span><span class=\"ffd1 ls62 ws8f\">24<span class=\"_ _351\"> </span></span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>More <span class=\"_ _f\"></span>detailed <span class=\"_ _f\"></span>information <span class=\"_ _f\"></span>regarding <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>Directors\u2019 <span class=\"_ _f\"></span>remuneration, <span class=\"_ _f\"></span>shareholdings, <span class=\"_ _f\"></span>pension <span class=\"_ _3\"></span>entitlements<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>share <span class=\"_ _f\"></span>options <span class=\"_ _f\"></span>and <span class=\"_ _f\"></span>other <span class=\"_ _3\"></span>long-term<span class=\"_ _351\"> </span>incenti<span class=\"_ _0\"></span>ve plans is shown in <span class=\"_ _3\"></span>the Direc<span class=\"_ _0\"></span>tors<span class=\"_ _0\"></span>\u2019 Remuneratio<span class=\"_ _0\"></span>n Repor<span class=\"_ _0\"></span>t on pages 7<span class=\"_ _0\"></span>7 to 95<span class=\"_ _0\"></span>. The charge for share-bas<span class=\"_ _0\"></span>ed payment<span class=\"_ _0\"></span>s above is based<span class=\"_ _351\"> </span>on <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>awa<span class=\"_ _0\"></span>rd <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>inc<span class=\"_ _0\"></span>ome state<span class=\"_ _0\"></span>ment in <span class=\"_ _f\"></span>acco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce <span class=\"_ _3\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _3\"></span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _3\"></span>2 <span class=\"_ _3\"></span><span class=\"ffd4 ls60 ws8d\">Share-based <span class=\"_ _f\"></span>Payment<span class=\"ffd2 lsc1 wsee\">,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> sh<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _b\"></span>,<span class=\"_ _0\"></span> </span></span>which is the ba<span class=\"_ _0\"></span>sis use<span class=\"_ _0\"></span>d in the Dire<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>rs\u2019 Rem<span class=\"_ _0\"></span>uner<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion Rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t.<span class=\"_ _351\"> </span>27\u2002<span class=\"_ _34\"> </span>Disposals,\u2002held\u2002for\u2002sale\u2002and\u2002discontinued\u2002operations<span class=\"_ _351\"> </span>Disposals<span class=\"_ _351\"> </span>On 13 <span class=\"_ _0\"></span>September <span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>1, <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>Group signed an <span class=\"_ _0\"></span>agreement with <span class=\"_ _0\"></span>Equitix Investment Management Limited <span class=\"_ _0\"></span>to dispose <span class=\"_ _0\"></span>its <span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>.1% shareholding<span class=\"_ _351\"> </span>in <span class=\"_ _0\"></span>Ai<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nker <span class=\"_ _0\"></span>Ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ngs <span class=\"_ _0\"></span>Lt<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9m<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>In <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ccord<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>IF<span class=\"_ _0\"></span>RS <span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>had <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>las<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>47m o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>as<span class=\"_ _351\"> </span>he<span class=\"_ _0\"></span>ld fo<span class=\"_ _0\"></span>r sal<span class=\"_ _0\"></span>e at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e sal<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on 9 <span class=\"_ _3\"></span>Feb<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> for a valu<span class=\"_ _0\"></span>e of \u00a31<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. On dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> the Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span> has rec<span class=\"_ _0\"></span>ycl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p\u2019s share of cash flow hedg<span class=\"_ _0\"></span>e reser<span class=\"_ _2\"></span>ve through th<span class=\"_ _0\"></span>e income st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t during the year.<span class=\"_ _351\"> </span>On <span class=\"_ _2\"></span>27 <span class=\"_ _2\"></span>Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>gne<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>agre<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>sal<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>IT<span class=\"_ _0\"></span>P <span class=\"_ _0\"></span>Ae<span class=\"_ _0\"></span>ro <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>Ba<span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>3bn<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ccord<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _2\"></span>5,<span class=\"_ _0\"></span> at <span class=\"_ _0\"></span>31 <span class=\"_ _2\"></span>De<span class=\"_ _0\"></span>cemb<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>net <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>TP <span class=\"_ _2\"></span>Aero <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>group <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>2bn <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ale <span class=\"_ _2\"></span>comp<span class=\"_ _0\"></span>let<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> on 1<span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 for a <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>bn<span class=\"_ _0\"></span>. O<span class=\"_ _0\"></span>n disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup re<span class=\"_ _0\"></span>cycl<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s share of <span class=\"_ _0\"></span>hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ves <span class=\"_ _0\"></span>and t<span class=\"_ _0\"></span>he cumu<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffd1 ls3 ws3\"> </span>curren<span class=\"_ _0\"></span>cy <span class=\"_ _2\"></span>tran<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ser<span class=\"_ _2\"></span>ve <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>rough <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>inco<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span>di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s (\u00a3<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7m<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span>, in pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ul<span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span> wh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> pre<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s we<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>\u2019s re<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span> Ae<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ac<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>7, re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> pu<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00a3<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>m re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ac<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> wa<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> set<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by is<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span> of sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> and<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e pre<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>iu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> iss<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>es<span class=\"_ _2\"></span>, of \u00a36<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>, re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> as me<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r res<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>ve<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> As<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>re<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> sal<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of IT<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span> Aero for qual<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n, the me<span class=\"_ _0\"></span>rger res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve ar<span class=\"_ _0\"></span>ising ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n realis<span class=\"_ _0\"></span>ed in accumul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>IT<span class=\"_ _0\"></span>P Ae<span class=\"_ _0\"></span>ro \u2013<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>subsidiaries<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Ai<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nker<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Pr<span class=\"_ _3\"></span>oceeds\u2002Ca<span class=\"_ _0\"></span>sh consi<span class=\"_ _0\"></span>dera<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on at prevai<span class=\"_ _0\"></span>ling excha<span class=\"_ _0\"></span>nge rate<span class=\"_ _0\"></span> <span class=\"_ _295\"> </span><span class=\"ffd0 lsaa wsd7\">1,<span class=\"_ _0\"></span>387 <span class=\"_ _1a\"> </span><span class=\"ls95 wsc2\">189<span class=\"_ _3\"></span> <span class=\"_ _5e\"> </span><span class=\"ls73 wsa1\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>576<span class=\"_ _351\"> </span></span></span></span>Impa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of deal cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent for<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ard <span class=\"_ _1ee\"> </span><span class=\"ffd0 ls6c ws99\">(52)<span class=\"_ _65\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _1a\"> </span></span>(52)<span class=\"_ _351\"> </span></span>Cash\u2002c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion\u2002a<span class=\"_ _0\"></span>t\u2002ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive\u2002h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed\u2002rat<span class=\"_ _0\"></span>e\u2002<span class=\"_ _183\"> </span><span class=\"ffd0 ls3 ws3\">1,<span class=\"_ _0\"></span>335 <span class=\"_ _1a\"> </span><span class=\"ls95 wsc2\">189 <span class=\"_ _6b\"> </span><span class=\"ls6c ws99\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span></span></span>Ca<span class=\"_ _0\"></span>sh and cash e<span class=\"_ _0\"></span>quiv<span class=\"_ _0\"></span>alent<span class=\"_ _0\"></span>s disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _299\"> </span><span class=\"ffd0 ls63 ws90\">(60)<span class=\"_ _65\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _86\"> </span></span>(6<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span>Net\u2002c<span class=\"_ _0\"></span>ash\u2002co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>\u2002<span class=\"_ _cd\"> </span><span class=\"ffd0 ls6e ws9b\">1,2<span class=\"_ _0\"></span>75 <span class=\"_ _1a\"> </span><span class=\"ls95 wsc2\">189 <span class=\"_ _a0\"> </span><span class=\"ls3 ws3\">1,<span class=\"_ _0\"></span>46<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span></span></span>Intangible <span class=\"_ _3\"></span>assets<span class=\"_ _0\"></span> <span class=\"_ _ab\"> </span><span class=\"ffd0 ls3 ws3\">9<span class=\"_ _0\"></span>12 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _64\"> </span>912<span class=\"_ _351\"> </span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant an<span class=\"_ _0\"></span>d equip<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> <span class=\"_ _30d\"> </span><span class=\"ffd0 lsaa wsd7\">338 <span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _72\"> </span></span>338<span class=\"_ _351\"> </span></span>Right-o<span class=\"_ _0\"></span>f-use as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _221\"> </span><span class=\"ffd0 ls6e ws9b\">13 <span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _c8\"> </span></span>13<span class=\"_ _351\"> </span></span>Investments <span class=\"_ _9d\"> </span><span class=\"ffd0 ls3 ws3\">1 <span class=\"_ _84\"> </span>34 <span class=\"_ _60\"> </span>3<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span>De<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _30e\"> </span><span class=\"ffd0 ls6c ws99\">57 <span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _ae\"> </span></span>57<span class=\"_ _351\"> </span></span>Inven<span class=\"_ _3\"></span>tor<span class=\"_ _0\"></span>y <span class=\"_ _30f\"> </span><span class=\"ffd0 ls3 ws3\">283 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _5c\"> </span>283<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>ra<span class=\"_ _0\"></span>de rece<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s and oth<span class=\"_ _0\"></span>er asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>768 <span class=\"_ _57\"> </span><span class=\"ls62 ws8f\">14 <span class=\"_ _83\"> </span><span class=\"ls3 ws3\">782<span class=\"_ _351\"> </span></span></span>Borrowings and<span class=\"_ _3\"></span> lease liabi<span class=\"_ _3\"></span>lities <span class=\"_ _310\"> </span><span class=\"ffd0 ls6d wscb\">(53)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _26\"> </span></span>(5<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>ra<span class=\"_ _0\"></span>de paya<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s and oth<span class=\"_ _0\"></span>er liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(1<span class=\"_ _0\"></span>,14<span class=\"_ _0\"></span>8)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _156\"> </span></span>(1<span class=\"_ _0\"></span>,14<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span>Provis<span class=\"_ _0\"></span>ions fo<span class=\"_ _0\"></span>r liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies and charg<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> <span class=\"_ _25f\"> </span><span class=\"ffd0 ls77 wsa5\">(22)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _1a\"> </span></span>(22)<span class=\"_ _351\"> </span></span>Less<span class=\"_ _0\"></span>:\u2002Ne<span class=\"_ _0\"></span>t\u2002asse<span class=\"_ _0\"></span>ts\u2002dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>\u2002<span class=\"_ _18d\"> </span><span class=\"ffd0 ls6d wscb\">1<span class=\"_ _0\"></span>,14<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _84\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>8 <span class=\"_ _6c\"> </span></span>1<span class=\"_ _2\"></span>,19<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span>Profit\u2002o<span class=\"_ _0\"></span>n\u2002disp<span class=\"_ _0\"></span>osal\u2002b<span class=\"_ _0\"></span>efo<span class=\"_ _0\"></span>re\u2002disp<span class=\"_ _0\"></span>osal\u2002co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s\u2002and\u2002ac<span class=\"_ _0\"></span>coun<span class=\"_ _0\"></span>ting\u2002a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _e1\"> </span><span class=\"ffd0 ls3 ws3\">126 <span class=\"_ _ae\"> </span><span class=\"ls74 wsa2\">141 <span class=\"_ _5c\"> </span></span>26<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span>Disp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l\u2002cost<span class=\"_ _0\"></span>s<span class=\"_ _2b6\"> </span><span class=\"ffd0 ls6d wscb\">(33)<span class=\"_ _a8\"> </span>(<span class=\"_ _0\"></span>3)<span class=\"_ _1a\"> </span><span class=\"ls60 ws8d\">(36)<span class=\"_ _351\"> </span></span></span>De<span class=\"_ _0\"></span>-re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion\u2002of\u2002N<span class=\"_ _0\"></span>CI<span class=\"_ _311\"> </span><span class=\"ffd0 ls63 ws90\">(1)<span class=\"_ _65\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _b6\"> </span></span>(1)<span class=\"_ _351\"> </span></span>Cumul<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve\u2002currenc<span class=\"_ _0\"></span>y\u2002tra<span class=\"_ _0\"></span>nsla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n\u2002loss<span class=\"_ _d3\"> </span><span class=\"ffd0 lsb5 ws9a\">(<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _64\"> </span></span>(6<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span>Cumul<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve\u2002hed<span class=\"_ _0\"></span>ging\u2002res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ves\u2002lo<span class=\"_ _0\"></span>ss<span class=\"_ _251\"> </span><span class=\"ffd0 ls68 ws95\">(4<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _1a\"> </span><span class=\"ls63 ws90\">(62)<span class=\"_ _85\"> </span><span class=\"ls3 ws3\">(111)<span class=\"_ _351\"> </span></span></span></span>Impa<span class=\"_ _0\"></span>ct\u2002o<span class=\"_ _0\"></span>f\u2002disp<span class=\"_ _0\"></span>osal\u2002o<span class=\"_ _0\"></span>n\u2002cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated\u2002p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n\u2002of\u2002one<span class=\"_ _0\"></span>rous\u2002co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts\u20022 <span class=\"_ _2a6\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span>)<span class=\"_ _65\"> </span></span>\u2013 <span class=\"_ _71\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>(Loss<span class=\"_ _f\"></span>)/<span class=\"_ _3\"></span>profit\u2002<span class=\"_ _3\"></span>before\u2002taxa<span class=\"_ _3\"></span>tion\u2002<span class=\"_ _18b\"> </span><span class=\"ffd0 ls63 ws90\">(17<span class=\"_ _0\"></span>9)<span class=\"_ _28f\"> </span><span class=\"ls73 wsa1\">76<span class=\"_ _0\"></span> <span class=\"_ _67\"> </span><span class=\"ls6d wscb\">(10<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span></span></span>T<span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>x on disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al <span class=\"_ _312\"> </span><span class=\"ffd0 ls77 wsa5\">31<span class=\"_ _bf\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _c8\"> </span></span>31<span class=\"_ _351\"> </span></span>(Loss)/<span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>fit\u2002on\u2002di<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>sal\u2002of\u2002bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss\u2002af<span class=\"_ _0\"></span>ter\u2002t<span class=\"_ _0\"></span>axa<span class=\"_ _0\"></span>tion<span class=\"_ _25c\"> </span><span class=\"ffd0 ls63 ws90\">(1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8)<span class=\"_ _28f\"> </span><span class=\"ls73 wsa1\">76 <span class=\"_ _1a\"> </span><span class=\"ls60 ws8d\">(7<span class=\"_ _0\"></span>2)<span class=\"_ _351\"> </span></span></span></span>1 At 15 <span class=\"_ _3\"></span>September 2022, trading <span class=\"_ _3\"></span>balances that ITP <span class=\"_ _3\"></span>Aero <span class=\"_ _3\"></span>held with other <span class=\"_ _3\"></span>group undertaking<span class=\"_ _3\"></span>s, that wer<span class=\"_ _3\"></span>e pr<span class=\"_ _3\"></span>eviously eliminated on consolidation, <span class=\"_ _3\"></span>have been <span class=\"_ _3\"></span>reclassified as <span class=\"_ _3\"></span>external balances<span class=\"_ _351\"> </span>and ar<span class=\"_ _3\"></span>e included in the <span class=\"_ _3\"></span>net assets disposed<span class=\"_ _351\"> </span>2 Reflects <span class=\"_ _0\"></span>increased future costs <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>Civil <span class=\"_ _0\"></span>Aerospace in <span class=\"_ _0\"></span>respect <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>amounts <span class=\"_ _0\"></span>charged <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>ITP <span class=\"_ _2\"></span>Aero that <span class=\"_ _0\"></span>were previously <span class=\"_ _0\"></span>eliminated <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>consolidation. <span class=\"_ _0\"></span>These <span class=\"_ _2\"></span>future costs <span class=\"_ _0\"></span>relate <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>onerous<span class=\"_ _351\"> </span>contract pr<span class=\"_ _f\"></span>ovisions and have ther<span class=\"_ _f\"></span>efore crystallised on <span class=\"_ _3\"></span>disposal as a <span class=\"_ _3\"></span>result of <span class=\"_ _3\"></span>the ongoing trading <span class=\"_ _3\"></span>with ITP Aer<span class=\"_ _3\"></span>o no longer <span class=\"_ _3\"></span>being classified as intr<span class=\"_ _3\"></span>a-group<span class=\"_ _351\"> </span>26\u2002<span class=\"_ _c\"> </span>Related\u2002par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y\u2002transactions\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>27\u2002<span class=\"_ _34\"> </span>Disposals,\u2002held\u2002for\u2002sale\u2002and\u2002discontinued\u2002operations\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Reconcilia<span class=\"_ _3\"></span>tion of pr<span class=\"_ _f\"></span>ofit on disposa<span class=\"_ _3\"></span>l of busines<span class=\"_ _3\"></span>ses in c<span class=\"_ _3\"></span>ontinuing oper<span class=\"_ _3\"></span>ations to <span class=\"_ _3\"></span>the income <span class=\"_ _3\"></span>statemen<span class=\"_ _3\"></span>t:<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Profi<span class=\"_ _0\"></span>t befo<span class=\"_ _0\"></span>re ta<span class=\"_ _0\"></span>xat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n on dispos<span class=\"_ _0\"></span>al (se<span class=\"_ _0\"></span>e above)<span class=\"_ _ab\"> </span><span class=\"ffd0 ls73 wsa1\">76<span class=\"_ _351\"> </span></span>Adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment to cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion on disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s compl<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>d in prio<span class=\"_ _0\"></span>r per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ds<span class=\"_ _200\"> </span><span class=\"ffd0 ls3 ws3\">5<span class=\"_ _351\"> </span></span>Profit\u2002o<span class=\"_ _0\"></span>n\u2002disp<span class=\"_ _0\"></span>osal\u2002of\u2002b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s\u2002per\u2002i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e\u2002st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _2f0\"> </span><span class=\"ffd0 ls3 ws3\">81<span class=\"_ _351\"> </span></span>Reconcilia<span class=\"_ _3\"></span>tion of ca<span class=\"_ _3\"></span>sh flow <span class=\"_ _3\"></span>on dispos<span class=\"_ _3\"></span>al of <span class=\"_ _3\"></span>businesses to <span class=\"_ _3\"></span>the ca<span class=\"_ _3\"></span>sh flow <span class=\"_ _3\"></span>statemen<span class=\"_ _3\"></span>t:<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Proc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds on disp<span class=\"_ _0\"></span>osal (se<span class=\"_ _0\"></span>e above)<span class=\"_ _1e4\"> </span><span class=\"ffd0 ls3 ws3\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>46<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span>Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>ts pa<span class=\"_ _0\"></span>id<span class=\"_ _285\"> </span><span class=\"ffd0 ls68 ws95\">(4<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span>Ca<span class=\"_ _0\"></span>sh out<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow on disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>ted in pr<span class=\"_ _0\"></span>ior p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s<span class=\"_ _313\"> </span><span class=\"ffd0 ls77 wsa5\">(21)<span class=\"_ _351\"> </span></span>Cash\u2002fl<span class=\"_ _0\"></span>ow\u2002on\u2002dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>al\u2002of\u2002bus<span class=\"_ _0\"></span>iness<span class=\"_ _0\"></span>es\u2002p<span class=\"_ _0\"></span>er\u2002cas<span class=\"_ _0\"></span>h\u2002flow\u2002st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _2a0\"> </span><span class=\"ffd0 ls3 ws3\">1,<span class=\"_ _0\"></span>398<span class=\"_ _351\"> </span></span>Discontinued oper<span class=\"_ _3\"></span>ations<span class=\"_ _351\"> </span>IT<span class=\"_ _0\"></span>P <span class=\"_ _0\"></span>Ae<span class=\"_ _0\"></span>ro <span class=\"_ _0\"></span>repre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>sep<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>jor <span class=\"_ _2\"></span>line <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>group <span class=\"_ _2\"></span>hel<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>up <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The<span class=\"_ _0\"></span>refo<span class=\"_ _0\"></span>re, in line wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 5, th<span class=\"_ _0\"></span>e financi<span class=\"_ _0\"></span>al result<span class=\"_ _0\"></span>s of ITP Aero up to dispo<span class=\"_ _0\"></span>sal have be<span class=\"_ _0\"></span>en cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d as a discont<span class=\"_ _0\"></span>inu<span class=\"_ _0\"></span>ed op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _0\"></span> The <span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>fl<span class=\"_ _0\"></span>ow <span class=\"_ _2\"></span>info<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>yea<span class=\"_ _0\"></span>r <span class=\"_ _2\"></span>that <span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _33\"></span><span class=\"ffd1 ls3 ws3\"> </span>discontin<span class=\"_ _3\"></span>ued operations.<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Reve<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>\u2002<span class=\"_ _314\"> </span><span class=\"ffd0 ls6e ws9b\">275 <span class=\"_ _73\"> </span><span class=\"ffd2 ls3 ws3\">36<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span>Op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing\u2002p<span class=\"_ _0\"></span>rofit<span class=\"_ _0\"></span>/(loss)\u20021<span class=\"_ _351\"> </span>86 <span class=\"_ _bb\"> </span><span class=\"ffd2 ls74 wsa2\">(4)<span class=\"_ _351\"> </span></span>Profit\u2002b<span class=\"_ _0\"></span>efo<span class=\"_ _0\"></span>re\u2002ta<span class=\"_ _0\"></span>xatio<span class=\"_ _0\"></span>n\u20021<span class=\"_ _351\"> </span>78 <span class=\"_ _d2\"> </span><span class=\"ffd1\">2<span class=\"_ _351\"> </span></span>Inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x (charge)/credit<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span>(10)<span class=\"_ _28f\"> </span><span class=\"ffd1 ls3 ws3\">34<span class=\"_ _351\"> </span></span>Profit\u2002fo<span class=\"_ _0\"></span>r\u2002th<span class=\"_ _0\"></span>e\u2002year\u2002from\u2002d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>ed\u2002o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons\u2002on\u2002o<span class=\"_ _0\"></span>rdina<span class=\"_ _0\"></span>ry\u2002a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es\u2002<span class=\"_ _2d9\"> </span><span class=\"ffd0 ls3 ws3\">68 <span class=\"_ _84\"> </span><span class=\"ffd2\">3<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span>Cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of dispo<span class=\"_ _0\"></span>sal on dis<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>inu<span class=\"_ _0\"></span>ed op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _62\"> </span><span class=\"ffd2\">(<span class=\"_ _0\"></span>39)<span class=\"_ _351\"> </span></span>Loss on dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>al of disco<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s (see ab<span class=\"_ _0\"></span>ove)<span class=\"_ _315\"> </span><span class=\"ffd0 ls63 ws90\">(14<span class=\"_ _0\"></span>8)<span class=\"_ _d2\"> </span><span class=\"ffd1 ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span></span>Loss\u2002fo<span class=\"_ _0\"></span>r\u2002th<span class=\"_ _0\"></span>e\u2002year\u2002from\u2002d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ued\u2002o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons\u2002<span class=\"_ _9f\"> </span><span class=\"ffd0 ls63 ws90\">(80)<span class=\"_ _1b5\"> </span><span class=\"ffd2 ls6b ws98\">(3)<span class=\"_ _351\"> </span></span></span>Ne<span class=\"_ _0\"></span>t cash infl<span class=\"_ _0\"></span>ow from op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g act<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>85 <span class=\"_ _1b5\"> </span><span class=\"ffd1\">12<span class=\"_ _351\"> </span></span>Ne<span class=\"_ _0\"></span>t cash out<span class=\"_ _2\"></span>flow fro<span class=\"_ _0\"></span>m invest<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>(67<span class=\"_ _0\"></span>)<span class=\"_ _15a\"> </span><span class=\"ffd2 ls6b ws98\">(32)<span class=\"_ _351\"> </span></span>Ne<span class=\"_ _0\"></span>t cash out<span class=\"_ _2\"></span>flow fro<span class=\"_ _0\"></span>m financi<span class=\"_ _0\"></span>ng ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _1ec\"> </span><span class=\"ffd0 lsb5 ws9a\">(25)<span class=\"_ _15a\"> </span></span><span class=\"ls65 ws92\">(2<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span>Exchange gain<span class=\"_ _316\"> </span><span class=\"ffd0 ls3 ws3\">\u2013 <span class=\"_ _65\"> </span><span class=\"ffd1\">4<span class=\"_ _351\"> </span></span></span>Net\u2002c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>e\u2002in\u2002cas<span class=\"_ _0\"></span>h\u2002and\u2002c<span class=\"_ _0\"></span>ash\u2002e<span class=\"_ _0\"></span>quivale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _1d4\"> </span><span class=\"ffd0 lsa9 wsd6\">(7)<span class=\"_ _2b\"> </span><span class=\"ffd2 ls74 wsa2\">(41<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>Profit/(loss) <span class=\"_ _3\"></span>from discontin<span class=\"_ _3\"></span>ued operations on <span class=\"_ _3\"></span>ordinary activities <span class=\"_ _3\"></span>is presented <span class=\"_ _3\"></span>net of inter<span class=\"_ _3\"></span>company trading <span class=\"_ _3\"></span>eliminations and r<span class=\"_ _3\"></span>elated consolidation adjustments<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span>Cash flows <span class=\"_ _0\"></span>from <span class=\"_ _0\"></span>investing activities <span class=\"_ _0\"></span>include <span class=\"_ _0\"></span>\u00a342m <span class=\"_ _0\"></span>(2021: <span class=\"_ _0\"></span>cash <span class=\"_ _0\"></span>flows <span class=\"_ _0\"></span>from operating activities <span class=\"_ _0\"></span>include <span class=\"_ _0\"></span>\u00a339m) <span class=\"_ _0\"></span>costs <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>disposal <span class=\"_ _0\"></span>paid <span class=\"_ _0\"></span>during <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>year <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>31 December <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>that <span class=\"_ _0\"></span>are not <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> movement in <span class=\"_ _3\"></span>the cash balance of <span class=\"_ _3\"></span>the disposal gr<span class=\"_ _3\"></span>oup as they <span class=\"_ _3\"></span>were borne <span class=\"_ _3\"></span>centrally<span class=\"_ _351\"> </span>NOTES TO THE CONSOL<span class=\"_ _0\"></span>IDA<span class=\"_ _3\"></span>TE<span class=\"_ _0\"></span>D FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L STA<span class=\"_ _f\"></span>TE<span class=\"_ _0\"></span>MEN<span class=\"_ _0\"></span>TS<span class=\"_ _351\"> </span>28\u2002<span class=\"_ _c\"> </span>D<span class=\"_ _0\"></span>erivation\u2002of\u2002summary\u2002funds\u2002flow\u2002statement<span class=\"_ _351\"> </span>2022<span class=\"_ _1f6\"> </span><span class=\"ffd1 lse4 ws10e\">2021<span class=\"_ _351\"> </span></span>Cas<span class=\"_ _0\"></span>h\u2002fl<span class=\"_ _0\"></span>ow<span class=\"_ _351\"> </span>\u00a3m\u2002Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t\u2002of<span class=\"_ _0\"></span>\u2002hedge\u2002book<span class=\"_ _351\"> </span>\u00a3m\u2002Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t\u2002of<span class=\"_ _0\"></span>\u2002acquisition\u2002accounting<span class=\"_ _351\"> </span>\u00a3m\u2002\u2002Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t\u2002of<span class=\"_ _0\"></span>\u2002other\u2002non-<span class=\"_ _351\"> </span>underlying\u2002items<span class=\"_ _351\"> </span>\u00a3m\u2002Fu<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>\u2002flow<span class=\"_ _351\"> </span>\u00a3m F<span class=\"_ _3\"></span>unds<span class=\"_ _351\"> </span>flow<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Operating\u2002<span class=\"_ _3\"></span>profit<span class=\"_ _317\"> </span><span class=\"ffd0 ls62 ws18e\"> 837 <span class=\"_ _a4\"> </span><span class=\"ls74 ws9b\"> (26<span class=\"_ _0\"></span>4)<span class=\"_ _6e\"> </span><span class=\"ls3 wsfd\"> 58 <span class=\"_ _156\"> </span> 2<span class=\"_ _0\"></span>1 <span class=\"_ _9c\"> </span><span class=\"ls6c ws91\"> 652 <span class=\"_ _56\"> </span><span class=\"ffd1\"> 414<span class=\"_ _351\"> </span></span></span></span></span></span>Op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g profit<span class=\"_ _2\"></span>/(loss) from dis<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>inu<span class=\"_ _0\"></span>ed op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _2d5\"> </span><span class=\"ffd0 ls3 wsfd\"> 8<span class=\"_ _0\"></span>6 <span class=\"_ _7d\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _156\"> </span> 86 <span class=\"_ _92\"> </span></span><span class=\"ls74 wsa2\"> (43<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Depreciation, amortisation and i<span class=\"_ _3\"></span>mpairment<span class=\"_ _e4\"> </span><span class=\"ffd0 ls73 wsa0\"> 1,0<span class=\"_ _0\"></span>76 <span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _6e\"> </span><span class=\"ls6c ws91\"> (58)<span class=\"_ _5d\"> </span><span class=\"lsb5 ws90\"> (6<span class=\"_ _0\"></span>5)<span class=\"_ _10b\"> </span></span></span> 9<span class=\"_ _0\"></span>53 <span class=\"_ _269\"> </span></span></span><span class=\"ls77 wsa5\"> 97<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span>Move<span class=\"_ _0\"></span>ment in provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s<span class=\"_ _2aa\"> </span><span class=\"ffd0 ls63 wsd8\"> (197)<span class=\"_ _87\"> </span><span class=\"ls3 wsfd\"> 9<span class=\"_ _0\"></span>1 <span class=\"_ _7d\"> </span> \u2013<span class=\"_ _6b\"> </span> 83 <span class=\"_ _74\"> </span><span class=\"ls6d ws98\"> (2<span class=\"_ _0\"></span>3)<span class=\"_ _5d\"> </span></span></span></span><span class=\"ls77 wsa5\"> (1<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Move<span class=\"_ _0\"></span>ment in Civ<span class=\"_ _0\"></span>il L<span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>A bala<span class=\"_ _0\"></span>nce<span class=\"_ _202\"> </span><span class=\"ffd0 ls6d ws98\"> 1<span class=\"_ _0\"></span>,15<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _14d\"> </span><span class=\"ls60 wsa3\"> (3<span class=\"_ _0\"></span>66)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _74\"> </span> 792 <span class=\"_ _6b\"> </span></span></span></span><span class=\"ls77 wsa5\"> 6<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span>Loss on dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>al of prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _3\"></span>, pla<span class=\"_ _0\"></span>nt and equi<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _318\"> </span><span class=\"ffd0 ls3 wsfd\"> 18 <span class=\"_ _7d\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _72\"> </span> \u2013<span class=\"_ _81\"> </span> 1<span class=\"_ _0\"></span>8 <span class=\"_ _72\"> </span></span><span class=\"ls77 wsa5\"> 9<span class=\"_ _351\"> </span></span>Jo<span class=\"_ _0\"></span>int venture tr<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g<span class=\"_ _319\"> </span><span class=\"ffd0 ls3 wsfd\"> 25 <span class=\"_ _7d\"> </span> \u2013<span class=\"_ _72\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _6b\"> </span> 2<span class=\"_ _0\"></span>5 <span class=\"_ _5e\"> </span></span><span class=\"ls77 wsa5\"> (18)<span class=\"_ _351\"> </span></span>Int<span class=\"_ _3\"></span>erest<span class=\"_ _3\"></span> rec<span class=\"_ _3\"></span>eived<span class=\"_ _41\"> </span><span class=\"ffd0 ls3 wsfd\"> 36 <span class=\"_ _7d\"> </span> \u2013<span class=\"_ _72\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _156\"> </span> 36 <span class=\"_ _72\"> </span></span><span class=\"ls77 wsa5\"> 9<span class=\"_ _351\"> </span></span>Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns to defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s in excess of under<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ting pro<span class=\"_ _0\"></span>fit charg<span class=\"_ _0\"></span>e<span class=\"_ _2f3\"> </span><span class=\"ffd0 ls74 ws9b\"> (54)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _5e\"> </span> 2<span class=\"_ _0\"></span>2 <span class=\"_ _74\"> </span><span class=\"ls60 wsa3\"> (32)<span class=\"_ _269\"> </span></span></span></span><span class=\"ls77 wsa5\"> (9<span class=\"_ _0\"></span>2)<span class=\"_ _351\"> </span></span>Share-based <span class=\"_ _3\"></span>payments<span class=\"_ _2be\"> </span><span class=\"ffd0 ls83 wsa1\"> 47 <span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _72\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _5e\"> </span></span> 47<span class=\"_ _0\"></span> <span class=\"_ _68\"> </span><span class=\"ffd1 ls3 wsfd\"> 28<span class=\"_ _351\"> </span></span></span>Other<span class=\"_ _254\"> </span><span class=\"ffd0 ls3 wsfd\"> \u2013<span class=\"_ _6e\"> </span><span class=\"ls6d ws98\"> (5<span class=\"_ _0\"></span>3)<span class=\"_ _7d\"> </span></span> \u2013<span class=\"_ _aa\"> </span> \u2013<span class=\"_ _95\"> </span><span class=\"ls6d ws98\"> (53)<span class=\"_ _124\"> </span></span><span class=\"ffd2 ws3\">(26)<span class=\"_ _351\"> </span></span></span>Cash\u2002fl<span class=\"_ _0\"></span>ow\u2002be<span class=\"_ _0\"></span>fore\u2002wor<span class=\"_ _0\"></span>king\u2002c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal\u2002an<span class=\"_ _0\"></span>d\u2002ta<span class=\"_ _0\"></span>xati<span class=\"_ _0\"></span>on<span class=\"_ _13f\"> </span><span class=\"ffd0 ls60 wsa3\"> 3,0<span class=\"_ _0\"></span>32 <span class=\"_ _a4\"> </span> (592)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _68\"> </span> 61 <span class=\"_ _79\"> </span> 2,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>01 <span class=\"_ _9c\"> </span><span class=\"ffd1 ls7b ws186\"> 1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>82</span><span class=\"ws3\"> </span></span></span>Incre<span class=\"_ _0\"></span>ase in invento<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s<span class=\"_ _292\"> </span><span class=\"ffd0 ls6c ws91\"> (88<span class=\"_ _0\"></span>7)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _10f\"> </span></span> (88<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _59\"> </span></span><span class=\"ls77 wsa5\"> (16<span class=\"_ _0\"></span>9)<span class=\"_ _351\"> </span></span>Move<span class=\"_ _0\"></span>ment in tra<span class=\"_ _0\"></span>de recei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>/payable<span class=\"_ _0\"></span>s and oth<span class=\"_ _0\"></span>er asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s/li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _7b\"> </span><span class=\"ffd0 ls60 wsa3\"> (3<span class=\"_ _0\"></span>86)<span class=\"_ _9b\"> </span><span class=\"ls6c ws91\"> (34<span class=\"_ _0\"></span>8)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _92\"> </span><span class=\"ls63 wsd8\"> (19)<span class=\"_ _a4\"> </span><span class=\"ls6d ws98\"> (<span class=\"_ _0\"></span>75<span class=\"_ _0\"></span>3)<span class=\"_ _10f\"> </span></span></span></span></span></span><span class=\"ls74 wsa2\"> (4<span class=\"_ _0\"></span>69<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Move<span class=\"_ _0\"></span>ment in cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s/l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies (exclud<span class=\"_ _0\"></span>ing Civ<span class=\"_ _0\"></span>il L<span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>A)<span class=\"_ _16b\"> </span><span class=\"ffd0 ls6e wsd7\"> 59<span class=\"_ _0\"></span>5 <span class=\"_ _10d\"> </span><span class=\"ls3 wsfd\"> 297 <span class=\"_ _7d\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _5d\"> </span> 8<span class=\"_ _0\"></span>92 <span class=\"_ _10d\"> </span><span class=\"ffd2 ws3\"> (289)<span class=\"_ _351\"> </span></span></span></span>Reval<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>ion of tra<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g asse<span class=\"_ _0\"></span>ts (exclud<span class=\"_ _0\"></span>ing excep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal ite<span class=\"_ _0\"></span>ms)<span class=\"_ _351\"> </span>1 (4<span class=\"_ _0\"></span>07<span class=\"_ _0\"></span>)<span class=\"_ _1f7\"> </span><span class=\"ls74 ws9b\"> (114)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _5d\"> </span><span class=\"ls7b ws186\"> (521)<span class=\"_ _124\"> </span><span class=\"ffd1 ls6b wsc9\"> 32<span class=\"_ _351\"> </span></span></span></span></span>Real<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d deri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s in financin<span class=\"_ _0\"></span>g<span class=\"_ _351\"> </span>1 737 <span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _5a\"> </span></span> 737 <span class=\"_ _124\"> </span><span class=\"ffd1 ls3 wsfd\"> 85<span class=\"_ _351\"> </span></span>Ca<span class=\"_ _0\"></span>sh flows on ot<span class=\"_ _0\"></span>her fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asset<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies hel<span class=\"_ _0\"></span>d for ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> purposes<span class=\"_ _31a\"> </span><span class=\"ffd0 ls63 wsd8\"> (66<span class=\"_ _0\"></span>0)<span class=\"_ _10d\"> </span><span class=\"ls62 ws18e\"> 737 <span class=\"_ _61\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _7d\"> </span><span class=\"lsa3 wsd1\">77<span class=\"_ _6b\"> </span></span></span></span></span><span class=\"ls65 ws92\"> (8<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span>Income tax<span class=\"_ _31b\"> </span><span class=\"ffd0 ls9f wse6\"> (<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _6a\"> </span></span> (<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _6a\"> </span></span><span class=\"ls65 ws92\"> (1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span>Cash\u2002f<span class=\"_ _0\"></span>rom\u2002op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing\u2002a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _4f\"> </span><span class=\"ffd0 ls3 wsfd\"> 1,8<span class=\"_ _0\"></span>50 <span class=\"_ _5d\"> </span><span class=\"ls77 ws3\"> (20)<span class=\"_ _7d\"> </span></span> \u2013<span class=\"_ _6b\"> </span> 42 <span class=\"_ _152\"> </span> 1,<span class=\"_ _0\"></span>872 <span class=\"_ _95\"> </span><span class=\"ffd1\"> 102<span class=\"_ _351\"> </span></span></span>Cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al elem<span class=\"_ _0\"></span>ent of leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _2f9\"> </span><span class=\"ffd0 ls77 ws3\"> (2<span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>)<span class=\"_ _2a\"> </span><span class=\"ls3 wsfd\"> 20 <span class=\"_ _71\"> </span><span class=\"ws3\">\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _ad\"> </span><span class=\"ls63 wsd8\"> (1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8)<span class=\"_ _1f7\"> </span></span></span></span></span><span class=\"lsce wsf8\"> (<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Capital expenditur<span class=\"_ _3\"></span>e and <span class=\"_ _3\"></span>investment<span class=\"_ _2bf\"> </span><span class=\"ffd0 ls5c wsaa\"> (512)<span class=\"_ _71\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _156\"> </span><span class=\"wsfd\"> 36 <span class=\"_ _25\"> </span><span class=\"ls68 ws92\"> (476<span class=\"_ _0\"></span>)<span class=\"_ _10d\"> </span></span></span></span></span><span class=\"ls74 wsa2\"> (42<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span>Interest<span class=\"_ _3\"></span> paid<span class=\"_ _31c\"> </span><span class=\"ffd0 ls6c ws91\"> (352)<span class=\"_ _aa\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _9c\"> </span></span> (3<span class=\"_ _0\"></span>52)<span class=\"_ _6a\"> </span></span><span class=\"ls77 wsa5\"> (3<span class=\"_ _0\"></span>31)<span class=\"_ _351\"> </span></span>Se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent of excess de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ves<span class=\"_ _201\"> </span><span class=\"ffd0 ls60 wsa3\"> (32<span class=\"_ _0\"></span>6)<span class=\"_ _aa\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _10f\"> </span></span> (326)<span class=\"_ _ad\"> </span></span><span class=\"ls74 wsa2\"> (4<span class=\"_ _0\"></span>52)<span class=\"_ _351\"> </span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r (M&amp;<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>, res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ring an<span class=\"_ _0\"></span>d financi<span class=\"_ _0\"></span>al pen<span class=\"_ _0\"></span>alt<span class=\"_ _0\"></span>ies pai<span class=\"_ _0\"></span>d)<span class=\"_ _f8\"> </span><span class=\"ffd0 ls3 wsfd\"> 49 <span class=\"_ _71\"> </span><span class=\"ws3\">\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _6e\"> </span><span class=\"ls6c ws91\"> (<span class=\"_ _0\"></span>78)<span class=\"_ _5d\"> </span></span><span class=\"ls77\"> (2<span class=\"_ _0\"></span>9)<span class=\"_ _5e\"> </span><span class=\"ffd2 wsa5\"> 39<span class=\"_ _351\"> </span></span></span></span></span>Free\u2002cash\u2002flow<span class=\"_ _2ed\"> </span><span class=\"ffd0 ls3 wsfd\"> 491 <span class=\"_ _61\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _cc\"> </span> 491 <span class=\"_ _151\"> </span><span class=\"ffd2 ls6e ws9b\"> (1<span class=\"_ _0\"></span>,4<span class=\"_ _2\"></span>42)<span class=\"_ _351\"> </span></span></span>\u2013 of which is continuin<span class=\"_ _0\"></span>g opera<span class=\"_ _0\"></span>tions<span class=\"_ _2f9\"> </span><span class=\"ffd5 ls7b wsaa\">505<span class=\"_ _e1\"> </span>50<span class=\"_ _0\"></span>5<span class=\"_ _9c\"> </span><span class=\"ffd6 lsc3 wsc0\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span>Included in working <span class=\"_ _3\"></span>capital<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>comp<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>tive <span class=\"_ _2\"></span>info<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rent <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>align <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrent <span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ear <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>In <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ome <span class=\"_ _2\"></span>ins<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>groupi<span class=\"_ _0\"></span>ngs <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>ms <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ay <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>arat<span class=\"_ _0\"></span>ive <span class=\"_ _2\"></span>figure<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>rema<span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ffd1 ls3 ws3\"> </span>20<span class=\"_ _0\"></span>21 A<span class=\"_ _0\"></span>nnual Rep<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Free <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ure <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>fina<span class=\"_ _0\"></span>ncial <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>\u2019 <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>flow <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ee <span class=\"_ _2\"></span>what <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>amo<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>se <span class=\"_ _33\"></span><span class=\"ffd1 ls3 ws3\"> </span>st<span class=\"_ _0\"></span>akeh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers <span class=\"_ _2\"></span>fun<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>(i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>bt <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>sha<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs). <span class=\"_ _0\"></span>Free <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ess <span class=\"_ _33\"></span><span class=\"ffd1 ls3 ws3\"> </span>recurring <span class=\"_ _32\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _f\"></span>and <span class=\"_ _f\"></span>post-employment<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>benefi<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>expenses. <span class=\"_ _f\"></span>It <span class=\"_ _f\"></span>excludes<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>payments <span class=\"_ _f\"></span>made <span class=\"_ _f\"></span>to <span class=\"_ _f\"></span>shareholders, <span class=\"_ _f\"></span>amounts <span class=\"_ _f\"></span>spent <span class=\"_ _32\"></span>(or <span class=\"_ _f\"></span>received) <span class=\"_ _32\"></span>on <span class=\"_ _f\"></span>business<span class=\"_ _351\"> </span>acqui<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>ls<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>lti<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aid <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>reign <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>rd <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ree <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span> refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s cash gen<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ed from the Gro<span class=\"_ _0\"></span>up\u2019s under<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing tra<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Cash flow<span class=\"_ _3\"></span> from operating<span class=\"_ _3\"></span> activities is deter<span class=\"_ _3\"></span>mined to<span class=\"_ _3\"></span> be the near<span class=\"_ _3\"></span>est statutory measure<span class=\"_ _3\"></span> to fr<span class=\"_ _3\"></span>ee cash flow<span class=\"_ _3\"></span>. The r<span class=\"_ _3\"></span>econciliation<span class=\"_ _3\"></span> bet<span class=\"_ _0\"></span>ween fr<span class=\"_ _3\"></span>ee<span class=\"_ _351\"> </span>cas<span class=\"_ _0\"></span>h flow and cas<span class=\"_ _0\"></span>h flow from ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es can be fo<span class=\"_ _0\"></span>und on pag<span class=\"_ _0\"></span>e 20<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-751": {
   "value": "1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies<span class=\"_ _351\"> </span>The Compan<span class=\"_ _3\"></span>y and the Gr<span class=\"_ _3\"></span>oup<span class=\"_ _351\"> </span>Roll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>oyce <span class=\"_ _f\"></span>H<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ngs <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>lc <span class=\"_ _f\"></span>(t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>\u2018<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>) <span class=\"_ _f\"></span>is <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>pub<span class=\"_ _0\"></span>lic <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any <span class=\"_ _f\"></span>limi<span class=\"_ _0\"></span>ted <span class=\"_ _3\"></span>by <span class=\"_ _f\"></span>sha<span class=\"_ _0\"></span>res <span class=\"_ _f\"></span>inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>und<span class=\"_ _0\"></span>er <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>Ac<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6 <span class=\"_ _f\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>dom<span class=\"_ _0\"></span>icile<span class=\"_ _0\"></span>d in Engl<span class=\"_ _0\"></span>and in the<span class=\"_ _0\"></span> Unite<span class=\"_ _0\"></span>d Kin<span class=\"_ _0\"></span>gd<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>. The Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l Stat<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of the Com<span class=\"_ _0\"></span>pany for th<span class=\"_ _0\"></span>e year end<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 con<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>t of<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e au<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> of th<span class=\"_ _0\"></span>e Fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>re<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _2\"></span>d to as th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> Gro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p)<span class=\"_ _0\"></span> tog<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h the Group<span class=\"_ _0\"></span>\u2019s interest in joint<span class=\"_ _0\"></span>ly cont<span class=\"_ _0\"></span>rol<span class=\"_ _0\"></span>led and ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Basis <span class=\"_ _3\"></span>of pr<span class=\"_ _3\"></span>epara<span class=\"_ _3\"></span>tion and <span class=\"_ _3\"></span>statement <span class=\"_ _3\"></span>of complia<span class=\"_ _3\"></span>nce<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>prep<span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ual <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial <span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r F<span class=\"_ _0\"></span>RS <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1 <span class=\"ffbe ls60 ws8d\">R<span class=\"_ _0\"></span>educed D<span class=\"_ _0\"></span>isclosur<span class=\"_ _3\"></span>e Framew<span class=\"_ _3\"></span>ork<span class=\"ffbd ls3 ws3\">. They </span></span>are set out on pag<span class=\"_ _0\"></span>es 17<span class=\"_ _0\"></span>3 to 178 wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es from pag<span class=\"_ _0\"></span>e 175<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The Con<span class=\"_ _3\"></span>solida<span class=\"_ _3\"></span>ted Fi<span class=\"_ _3\"></span>nanc<span class=\"_ _3\"></span>ial S<span class=\"_ _3\"></span>tatemen<span class=\"_ _3\"></span>ts hav<span class=\"_ _3\"></span>e been<span class=\"_ _3\"></span> prepa<span class=\"_ _3\"></span>red i<span class=\"_ _3\"></span>n acc<span class=\"_ _3\"></span>ordan<span class=\"_ _3\"></span>ce with<span class=\"_ _3\"></span> UK adop<span class=\"_ _3\"></span>ted In<span class=\"_ _3\"></span>terna<span class=\"_ _3\"></span>tional<span class=\"_ _3\"></span> Accou<span class=\"_ _3\"></span>nting<span class=\"_ _3\"></span> Standa<span class=\"_ _3\"></span>rds<span class=\"_ _3\"></span> (IAS) in co<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s of th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s Ac<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> and<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span> iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> by the<span class=\"_ _0\"></span> IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S Int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e (I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S IC)<span class=\"_ _0\"></span> app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to compani<span class=\"_ _0\"></span>es repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing und<span class=\"_ _0\"></span>er UK ado<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>d IFR<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The Conso<span class=\"_ _0\"></span>lidated Financial Sta<span class=\"_ _0\"></span>tement<span class=\"_ _0\"></span>s have <span class=\"_ _3\"></span>be<span class=\"_ _0\"></span>en prepared on a going concern basis as described on page 48<span class=\"_ _0\"></span>. The histo<span class=\"_ _0\"></span>rical cost basis has<span class=\"_ _3\"></span> been<span class=\"_ _3\"></span> used e<span class=\"_ _3\"></span>xc<span class=\"_ _3\"></span>ept<span class=\"_ _3\"></span> wher<span class=\"_ _3\"></span>e IFRS<span class=\"_ _3\"></span> req<span class=\"_ _3\"></span>uir<span class=\"_ _f\"></span>e the r<span class=\"_ _3\"></span>eva<span class=\"_ _3\"></span>lua<span class=\"_ _3\"></span>tion<span class=\"_ _3\"></span> of fin<span class=\"_ _3\"></span>anc<span class=\"_ _3\"></span>ial<span class=\"_ _3\"></span> instru<span class=\"_ _3\"></span>men<span class=\"_ _3\"></span>ts to<span class=\"_ _3\"></span> fair<span class=\"_ _3\"></span> val<span class=\"_ _3\"></span>ue an<span class=\"_ _3\"></span>d certai<span class=\"_ _3\"></span>n oth<span class=\"_ _3\"></span>er a<span class=\"_ _3\"></span>ssets<span class=\"_ _3\"></span> and li<span class=\"_ _3\"></span>abi<span class=\"_ _3\"></span>liti<span class=\"_ _3\"></span>es on an alter<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ive ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>, mos<span class=\"_ _0\"></span>t signifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y pos<span class=\"_ _0\"></span>t-retire<span class=\"_ _0\"></span>ment sch<span class=\"_ _0\"></span>eme ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions are valu<span class=\"_ _0\"></span>ed on th<span class=\"_ _0\"></span>e basis requi<span class=\"_ _0\"></span>red by IA<span class=\"_ _0\"></span>S 19 <span class=\"ffbe\">Empl<span class=\"_ _0\"></span>oyee Be<span class=\"_ _0\"></span>nefit<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>The C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d Finan<span class=\"_ _0\"></span>cial St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are prese<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d in sterl<span class=\"_ _0\"></span>ing which is th<span class=\"_ _0\"></span>e Comp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s func<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l currenc<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>preparation <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Consolidated <span class=\"_ _0\"></span>Financial <span class=\"_ _0\"></span>Statements <span class=\"_ _2\"></span>requir<span class=\"_ _3\"></span>es <span class=\"_ _0\"></span>management <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>make<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>judgements <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>estimates <span class=\"_ _0\"></span>that <span class=\"_ _2\"></span>af<span class=\"_ _0\"></span>fect <span class=\"_ _2\"></span>the <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> amo<span class=\"_ _0\"></span>unt<span class=\"_ _2\"></span>s of ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> at th<span class=\"_ _0\"></span>e dat<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l St<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>y am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> of reve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s durin<span class=\"_ _0\"></span>g the repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. Act<span class=\"_ _0\"></span>ual fu<span class=\"_ _0\"></span>ture outco<span class=\"_ _0\"></span>mes co<span class=\"_ _0\"></span>uld dif<span class=\"_ _2\"></span>fer from tho<span class=\"_ _0\"></span>se es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Going concern<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mpreh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve <span class=\"_ _2\"></span>goin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>review. <span class=\"_ _2\"></span>In <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>dop<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>conc<span class=\"_ _0\"></span>ern <span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>asis <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _2\"></span>prep<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>ese <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>C<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>F<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>S<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>D<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>fl<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> of<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g and <span class=\"_ _3\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing the impac<span class=\"_ _0\"></span>t of <span class=\"_ _f\"></span>ex<span class=\"_ _2\"></span>tern<span class=\"_ _0\"></span>al fact<span class=\"_ _0\"></span>ors on the <span class=\"_ _3\"></span>Gro<span class=\"_ _0\"></span>up, the Direc<span class=\"_ _0\"></span>tors have <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ered tw<span class=\"_ _0\"></span>o forecas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of goin<span class=\"_ _0\"></span>g conce<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>, alon<span class=\"_ _0\"></span>g wit<span class=\"_ _0\"></span>h a likeliho<span class=\"_ _0\"></span>od ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ment of th<span class=\"_ _0\"></span>ese fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, bei<span class=\"_ _0\"></span>ng: <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span>bas<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>\u2019 <span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>fut<span class=\"_ _0\"></span>ure <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>radi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tead<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>goi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>towa<span class=\"_ _0\"></span>rds <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>pre<span class=\"_ _0\"></span>-p<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>emic leve<span class=\"_ _0\"></span>ls<span class=\"_ _0\"></span>; and <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">st<span class=\"_ _0\"></span>ress<span class=\"_ _0\"></span>ed do<span class=\"_ _0\"></span>wnsi<span class=\"_ _0\"></span>de fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, which envi<span class=\"_ _0\"></span>sag<span class=\"_ _0\"></span>es a \u2018s<span class=\"_ _0\"></span>tres<span class=\"_ _0\"></span>s\u2019 or \u2018downsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>\u2019 situa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> ha<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> have a materi<span class=\"_ _0\"></span>al impac<span class=\"_ _0\"></span>t on the c<span class=\"_ _0\"></span>ash flow fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s over the 1<span class=\"_ _0\"></span>8-<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nth p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od to Augus<span class=\"_ _0\"></span>t 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Furt<span class=\"_ _0\"></span>her detail<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are <span class=\"_ _3\"></span>given in <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>go<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>rev<span class=\"_ _0\"></span>iew on <span class=\"_ _f\"></span>pag<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>4<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>A<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ter <span class=\"_ _3\"></span>revi<span class=\"_ _0\"></span>ewin<span class=\"_ _0\"></span>g <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>curre<span class=\"_ _0\"></span>nt <span class=\"_ _f\"></span>l<span class=\"_ _0\"></span>iqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>po<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion and <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _3\"></span>flo<span class=\"_ _0\"></span>w <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>orec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s mo<span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>resse<span class=\"_ _0\"></span>d d<span class=\"_ _0\"></span>owns<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>has s<span class=\"_ _0\"></span>uf<span class=\"_ _2\"></span>ficie<span class=\"_ _0\"></span>nt li<span class=\"_ _0\"></span>quid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span> op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tenc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>for <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>at <span class=\"_ _2\"></span>leas<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>8 <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hs <span class=\"_ _0\"></span>fro<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>this <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>refo<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate <span class=\"_ _2\"></span>to ado<span class=\"_ _0\"></span>pt the goi<span class=\"_ _0\"></span>ng con<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>n basis of acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing in prepa<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g the Con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al Sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Climate <span class=\"_ _3\"></span>change<span class=\"_ _351\"> </span>In prepa<span class=\"_ _0\"></span>ring th<span class=\"_ _0\"></span>e Conso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d Financi<span class=\"_ _0\"></span>al Stat<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts th<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>tors have consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d the poten<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l impac<span class=\"_ _0\"></span>t of <span class=\"_ _3\"></span>clim<span class=\"_ _0\"></span>ate chang<span class=\"_ _0\"></span>e, par<span class=\"_ _2\"></span>ticul<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ly in t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>S<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>R<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>B<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>T<span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rce <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>Cl<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>Fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>iscl<span class=\"_ _0\"></span>osures <span class=\"_ _2\"></span>(<span class=\"_ _0\"></span>TCFD) <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>mmen<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>pot<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ial <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>of <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios <span class=\"_ _2\"></span>pre<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsive <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icy, <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>tech<span class=\"_ _0\"></span>nol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>ma<span class=\"_ _0\"></span>rket <span class=\"_ _2\"></span>chan<span class=\"_ _0\"></span>ges <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>physi<span class=\"_ _0\"></span>cal <span class=\"_ _2\"></span>ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>uld <span class=\"_ _2\"></span>incl<span class=\"_ _0\"></span>ude <span class=\"_ _2\"></span>di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>dama<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>to a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d sup<span class=\"_ _0\"></span>ply <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>in di<span class=\"_ _0\"></span>srup<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Two of th<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d key <span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ansi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s have <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>een <span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>as p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y hav<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>a hi<span class=\"_ _0\"></span>gh impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up. <span class=\"_ _2\"></span>Th<span class=\"_ _0\"></span>ese <span class=\"_ _2\"></span>rel<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isk <span class=\"_ _2\"></span>that <span class=\"_ _2\"></span>regu<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>chan<span class=\"_ _0\"></span>ges <span class=\"_ _2\"></span>cou<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>dem<span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>our <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>addre<span class=\"_ _0\"></span>ssin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>clim<span class=\"_ _0\"></span>ate change will r<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>quire shif<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent focus towards more <span class=\"_ _3\"></span>sust<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nabl<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and <span class=\"_ _3\"></span>sol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. Bot<span class=\"_ _0\"></span>h <span class=\"_ _3\"></span>of thes<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>risk<span class=\"_ _0\"></span>s are b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>fl<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>, have be<span class=\"_ _0\"></span>en consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d when pre<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e financi<span class=\"_ _0\"></span>al st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. The <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>set <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>nisa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>gy <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>lon<span class=\"_ _0\"></span>ger-term <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>resp<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>imate <span class=\"_ _2\"></span>chal<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>is eng<span class=\"_ _0\"></span>agin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>roa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ly <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rnal <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>keho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>advo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ions <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>so<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>achi<span class=\"_ _0\"></span>eve <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>zero <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>t. <span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s main shor<span class=\"_ _0\"></span>t- and longe<span class=\"_ _0\"></span>r<span class=\"_ _f\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m prio<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>: <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span>achie<span class=\"_ _0\"></span>ving <span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>zero <span class=\"_ _2\"></span>gree<span class=\"_ _0\"></span>nhou<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>gas <span class=\"_ _2\"></span>(G<span class=\"_ _0\"></span>HG) <span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>missi<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>by <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>all <span class=\"_ _2\"></span>en<span class=\"_ _0\"></span>ergy <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nsum<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>Group<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>manuf<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xcep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt)<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>his <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>met <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>;<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _b\"></span>;<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _b\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s to re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>s ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l en<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of th<span class=\"_ _0\"></span>e inv<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> sco<span class=\"_ _0\"></span>pe 1 and 2 <span class=\"_ _3\"></span>emis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n improveme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s is include<span class=\"_ _0\"></span>d in the forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t suppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t thes<span class=\"_ _0\"></span>e Cons<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>ed Fina<span class=\"_ _0\"></span>ncial St<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>; <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws9a\">th<span class=\"_ _0\"></span>e sc<span class=\"_ _0\"></span>ale <span class=\"_ _0\"></span>up o<span class=\"_ _0\"></span>f sus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aina<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>fue<span class=\"_ _0\"></span>ls <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>ll p<span class=\"_ _0\"></span>lay <span class=\"_ _0\"></span>a cr<span class=\"_ _0\"></span>ucial <span class=\"_ _0\"></span>role <span class=\"_ _0\"></span>in re<span class=\"_ _0\"></span>achin<span class=\"_ _0\"></span>g ne<span class=\"_ _0\"></span>t ze<span class=\"_ _0\"></span>ro ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. To accele<span class=\"_ _0\"></span>rate <span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>re wo<span class=\"_ _0\"></span>rki<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>o </span>dem<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rcial <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ero <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>ced<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ost <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>pul<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cipro<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>repres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>80<span class=\"_ _0\"></span>% <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>fol<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>, are <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>pat<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>ith <span class=\"_ _0\"></span>sus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aina<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>fue<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>s by <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>f 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3 <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>rkin<span class=\"_ _0\"></span>g w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h ou<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>rces <span class=\"_ _0\"></span>cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>ers <span class=\"_ _0\"></span>to a<span class=\"_ _0\"></span>chie<span class=\"_ _0\"></span>ve the sa<span class=\"_ _0\"></span>me goal<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>e Roll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royce en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s they use<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:836.6083px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:805.1083px;\">Climate <span class=\"_ _3\"></span>change (con<span class=\"_ _3\"></span>tinued)<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:790.1083px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m668 h1a ffbd fse fc2 sc0 ls87 wsb5\" style=\"left:13.294952px; bottom:790.1083px;\">devel<span class=\"_ _0\"></span>opi<span class=\"_ _0\"></span>ng <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>reak<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh <span class=\"_ _f\"></span>new <span class=\"_ _3\"></span>tech<span class=\"_ _0\"></span>nol<span class=\"_ _0\"></span>ogi<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng <span class=\"_ _f\"></span>inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment <span class=\"_ _3\"></span>in <span class=\"_ _f\"></span>hyb<span class=\"_ _0\"></span>rid<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _f\"></span>in <span class=\"_ _f\"></span>P<span class=\"_ _0\"></span>ower <span class=\"_ _f\"></span>Sy<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> </div><div class=\"t m632 h1a ffbd fse fc2 sc0 ls6a ws97\" style=\"left:13.294952px; bottom:775.1083px;\">of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ore <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cien<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>Ul<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aFan <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ero <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>sust<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>sma<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>odul<span class=\"_ _0\"></span>ar <span class=\"_ _2\"></span>reac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>(S<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>Rs) <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>hyb<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ful<span class=\"_ _0\"></span>ly<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:760.1083px;\">ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic propul<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>. New produc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s will <span class=\"_ _3\"></span>be compa<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le with net <span class=\"_ _3\"></span>zero oper<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on by <span class=\"_ _f\"></span>2<span class=\"_ _0\"></span>03<span class=\"_ _0\"></span>0 and <span class=\"_ _3\"></span>all produ<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s will be <span class=\"_ _3\"></span>comp<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ible wit<span class=\"_ _0\"></span>h <span class=\"_ _3\"></span>ne<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>zero<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsd6 ws100\" style=\"left:13.294952px; bottom:745.1082px;\">o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>I<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>R<span class=\"_ _2\"></span>&amp;<span class=\"_ _2\"></span>D<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _2\"></span>(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _b\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _b\"></span>1<span class=\"_ _0\"></span>:<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _2\"></span>(<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>N<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>S<span class=\"_ _2\"></span>M<span class=\"_ _2\"></span>R<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m64d h1a ffbd fse fc2 sc0 ls72 wsa2\" style=\"left:13.294952px; bottom:730.1082px;\">to progress through the <span class=\"_ _0\"></span>UK <span class=\"_ _0\"></span>generic design <span class=\"_ _0\"></span>assessment (GDA) process <span class=\"_ _0\"></span>and investment in <span class=\"_ _0\"></span>elect<span class=\"_ _0\"></span>rical propulsion <span class=\"_ _0\"></span>technology.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Futu<span class=\"_ _3\"></span>re <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:715.1082px;\">inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt require<span class=\"_ _0\"></span>d to deliv<span class=\"_ _0\"></span>er thes<span class=\"_ _0\"></span>e techn<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>es is includ<span class=\"_ _0\"></span>ed in the fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t suppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d Fina<span class=\"_ _0\"></span>ncial St<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls8a wsb7\" style=\"bottom:685.1082px;\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e cl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ev<span class=\"_ _2\"></span>io<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> vi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> of ou<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>y, de<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>rb<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h to<span class=\"_ _0\"></span> </div><div class=\"t m106 h1a ffbd fse fc2 sc0 ls74 wsa2\" style=\"bottom:670.1082px;\">mana<span class=\"_ _0\"></span>ging <span class=\"_ _2\"></span>cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>ri<span class=\"_ _0\"></span>sk <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>devel<span class=\"_ _0\"></span>op <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>las<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>year <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>se<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ut <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>our <span class=\"_ _2\"></span>Cli<span class=\"_ _0\"></span>mate <span class=\"_ _2\"></span>Rev<span class=\"_ _0\"></span>iew. <span class=\"_ _2\"></span>Th<span class=\"_ _0\"></span>ere <span class=\"_ _2\"></span>remain<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nhere<span class=\"_ _0\"></span>nt<span class=\"_ _351\"> </span> </div><div class=\"t m248 h1a ffbd fse fc2 sc0 ls65 ws9a\" style=\"bottom:655.1082px;\">unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _2\"></span>use<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>how <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>flow<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>profi<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls85 wsb3\" style=\"bottom:640.1082px;\">p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>j<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> on<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> ba<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:625.1082px;\">and the co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts ma<span class=\"_ _0\"></span>de to investo<span class=\"_ _0\"></span>rs and oth<span class=\"_ _0\"></span>er st<span class=\"_ _0\"></span>akeh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsa4 wsd2\" style=\"bottom:602.6082px;\">A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> Sta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in rel<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to are<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h as reve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n fo<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"bottom:587.6082px;\">impairment<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>reviews <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>no<span class=\"_ _0\"></span>n-current <span class=\"_ _f\"></span>assets <span class=\"_ _3\"></span>and <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ying <span class=\"_ _f\"></span>amount <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>deferred <span class=\"_ _f\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span>assets <span class=\"_ _3\"></span>consider <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>findings <span class=\"_ _f\"></span>from <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>climate <span class=\"_ _f\"></span>scenarios<span class=\"_ _351\"> </span> </div><div class=\"t m612 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"bottom:572.6082px;\">prep<span class=\"_ _0\"></span>ared<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Key <span class=\"_ _2\"></span>var<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>les <span class=\"_ _2\"></span>incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Inte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onal <span class=\"_ _2\"></span>En<span class=\"_ _0\"></span>ergy <span class=\"_ _2\"></span>Ag<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>(IE<span class=\"_ _2\"></span>A) <span class=\"_ _2\"></span>N<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>Zero <span class=\"_ _2\"></span>sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls60 wscb\" style=\"bottom:557.6082px;\">increase <span class=\"_ _3\"></span>from $4<span class=\"_ _0\"></span>6 per t<span class=\"_ _3\"></span>onne of <span class=\"_ _3\"></span>carb<span class=\"_ _0\"></span>on in <span class=\"_ _3\"></span>202<span class=\"_ _0\"></span>2 to <span class=\"_ _3\"></span>$2<span class=\"_ _0\"></span>50 per tonne i<span class=\"_ _3\"></span>n 205<span class=\"_ _0\"></span>0, and <span class=\"_ _3\"></span>commodit<span class=\"_ _0\"></span>y price, temperature<span class=\"_ _3\"></span> rise and <span class=\"_ _3\"></span>GDP information<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:542.6082px;\">from the Ox<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ord Econ<span class=\"_ _0\"></span>omic<span class=\"_ _0\"></span>s Glo<span class=\"_ _0\"></span>bal Clima<span class=\"_ _0\"></span>te Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>e Net Zero scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o aligne<span class=\"_ _0\"></span>d to IPC<span class=\"_ _0\"></span>C SSP<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>-1<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:520.1082px;\">As <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>wha<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>increm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ill <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>take<span class=\"_ _0\"></span>n b<span class=\"_ _0\"></span>y g<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>nmen<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>yet <span class=\"_ _0\"></span>ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>icing<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:505.10822px;\">has <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>uant<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>pot<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ial <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up. <span class=\"_ _2\"></span>T<span class=\"_ _f\"></span>o <span class=\"_ _2\"></span>ensure <span class=\"_ _2\"></span>revenu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>or <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsce wsf8\" style=\"bottom:490.10822px;\">v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s is<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span>t ov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> it<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>en<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g fa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>s on<span class=\"_ _0\"></span> ou<span class=\"_ _0\"></span>r ow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>nu<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e of<span class=\"_ _0\"></span> our<span class=\"_ _0\"></span> su<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t me h1a ffbd fse fc2 sc0 ls6d ws9a\" style=\"bottom:475.10822px;\">chain<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill <span class=\"_ _2\"></span>be <span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>mit<span class=\"_ _0\"></span>igat<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>ele<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>it <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>sco<span class=\"_ _0\"></span>pe <span class=\"_ _2\"></span>1 <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>2 <span class=\"_ _2\"></span>emis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, </div><div class=\"t m669 h1a ffbd fse fc2 sc0 ls6d ws9a\" style=\"bottom:460.10822px;\">manuf<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ated <span class=\"_ _2\"></span>into <span class=\"_ _2\"></span>fore<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>mad<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:445.10822px;\">rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>onis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rnal <span class=\"_ _2\"></span>supp<span class=\"_ _0\"></span>ly <span class=\"_ _2\"></span>chain <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>thi<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>may <span class=\"_ _2\"></span>have <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>whil<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>know<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> </div><div class=\"t m66a h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"bottom:430.10822px;\">finan<span class=\"_ _0\"></span>cial <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>ling <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _2\"></span>this <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>comp<span class=\"_ _0\"></span>lex <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>heref<span class=\"_ _0\"></span>ore <span class=\"_ _2\"></span>take <span class=\"_ _2\"></span>som<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>fina<span class=\"_ _0\"></span>ncial <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>llin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>tent <span class=\"_ _2\"></span>to<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:415.10822px;\">which <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up\u2019s cur<span class=\"_ _0\"></span>rent s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>lier <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of<span class=\"_ _2\"></span>fer p<span class=\"_ _0\"></span>rote<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n fro<span class=\"_ _0\"></span>m cos<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>to m<span class=\"_ _0\"></span>ediu<span class=\"_ _0\"></span>m te<span class=\"_ _0\"></span>rm w<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>cing <span class=\"_ _0\"></span>is fi<span class=\"_ _0\"></span>xed <span class=\"_ _0\"></span>or<span class=\"_ _351\"> </span> </div><div class=\"t m66b h1a ffbd fse fc2 sc0 ls60 ws9a\" style=\"bottom:400.10822px;\">subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>cl<span class=\"_ _0\"></span>ause<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>aut<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>woul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>to <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsbb wse9\" style=\"bottom:385.10822px;\">c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> me<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> te<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ma<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> op<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> me<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>F<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> Ci<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsa4 wsd2\" style=\"bottom:370.10822px;\">Ae<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>spa<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>t is <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>aps <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>thin <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>numb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>of i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm s<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>vice <span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>reem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(L<span class=\"_ _3\"></span>TS<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>) c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ould <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>gge<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> </div><div class=\"t md9 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:355.10822px;\">meaning <span class=\"_ _32\"></span>additional <span class=\"_ _f\"></span>cost<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>could <span class=\"_ _f\"></span>remain<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>within <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>business <span class=\"_ _f\"></span>under <span class=\"_ _f\"></span>curren<span class=\"_ _3\"></span>t <span class=\"_ _f\"></span>commercial<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>arrangements <span class=\"_ _f\"></span>until <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>end <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>existing <span class=\"_ _f\"></span>contract <span class=\"_ _f\"></span>pe<span class=\"_ _0\"></span>riods.</div><div class=\"t m66c h1a ffbd fse fc2 sc0 ls63 ws90\" style=\"bottom:332.60822px;\">Whe<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>dete<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>amoun<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _2\"></span>cumula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _2\"></span>revenue <span class=\"_ _2\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>ng-<span class=\"_ _0\"></span>term <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>one<span class=\"_ _0\"></span>rous <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:317.60822px;\">cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>assum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>ab<span class=\"_ _0\"></span>ove <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>use<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>clima<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>had <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsaa wsd7\" style=\"bottom:302.60822px;\">im<span class=\"_ _3\"></span>pact<span class=\"_ _3\"></span> on re<span class=\"_ _3\"></span>ve<span class=\"_ _3\"></span>nue<span class=\"_ _3\"></span> catc<span class=\"_ _3\"></span>h-up<span class=\"_ _3\"></span>s in<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>the<span class=\"_ _3\"></span> yea<span class=\"_ _3\"></span>r (2021:<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>\u00a3(17)m<span class=\"_ _3\"></span>) or<span class=\"_ _3\"></span> on co<span class=\"_ _3\"></span>ntra<span class=\"_ _3\"></span>ct lo<span class=\"_ _3\"></span>ss pr<span class=\"_ _3\"></span>ov<span class=\"_ _3\"></span>isio<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span> (2021: \u00a3(<span class=\"_ _3\"></span>20)m<span class=\"_ _3\"></span>).<span class=\"_ _3\"></span> Incr<span class=\"_ _3\"></span>eas<span class=\"_ _3\"></span>es i<span class=\"_ _3\"></span>n car<span class=\"_ _3\"></span>bon an<span class=\"_ _3\"></span>d co<span class=\"_ _3\"></span>mmod<span class=\"_ _3\"></span>ity<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:287.60822px;\">pri<span class=\"_ _0\"></span>ce es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s over <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>curren<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>are es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>d to <span class=\"_ _0\"></span>be <span class=\"_ _0\"></span>aroun<span class=\"_ _0\"></span>d 1% <span class=\"_ _0\"></span>(20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: <span class=\"_ _0\"></span>1%). <span class=\"_ _0\"></span>A se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>s pre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he key<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsc9 wsf5\" style=\"bottom:272.60822px;\">so<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> of es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 11<span class=\"_ _0\"></span>6)<span class=\"_ _0\"></span> to dis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> of a <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ur<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> 1% co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span> mig<span class=\"_ _0\"></span>ht ar<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r unm<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:257.60822px;\">increa<span class=\"_ _0\"></span>ses in ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on and/or commo<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>icing<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"bottom:235.10822px;\">Impairment testing of <span class=\"_ _0\"></span>non-<span class=\"_ _0\"></span>current<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>assets <span class=\"_ _0\"></span>including goodwill <span class=\"_ _0\"></span>and programme asset<span class=\"_ _0\"></span>s has <span class=\"_ _0\"></span>considered the <span class=\"_ _0\"></span>above risks <span class=\"_ _0\"></span>as well <span class=\"_ _0\"></span>as assessing<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5d wsb7\" style=\"bottom:220.10822px;\">ho<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>\u2019s<span class=\"_ _0\"></span> 1.<span class=\"_ _2\"></span>5<span class=\"_ _351\"> </span></div><div class=\"t m0 h3a ffbf fs13 fc2 sc0 ls3 ws3\" style=\"left:104.344055px; bottom:224.10422px;\">o<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5d ws2\" style=\"left:108.48126px; bottom:220.10822px;\">C an<span class=\"_ _0\"></span>d 3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></div><div class=\"t m0 h3a ffbf fs13 fc2 sc0 ls3 ws3\" style=\"left:159.4419px; bottom:224.10422px;\">o<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c wsbf\" style=\"left:164.43346px; bottom:220.10822px;\">C <span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rios may change the demand for produc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>over the medium and longe<span class=\"_ _0\"></span>r term. Given the headro<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:205.10822px;\">the clim<span class=\"_ _0\"></span>ate sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d do not indic<span class=\"_ _0\"></span>ate any poten<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l impai<span class=\"_ _0\"></span>rmen<span class=\"_ _0\"></span>t. Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er info<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is provide<span class=\"_ _0\"></span>d in note 9.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:182.60822px;\">De<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t it <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>that <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>able <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l b<span class=\"_ _0\"></span>e av<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>aga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>unus<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:167.60822px;\">los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le te<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y dif<span class=\"_ _2\"></span>feren<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>tili<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d. <span class=\"_ _0\"></span>The <span class=\"_ _0\"></span>weig<span class=\"_ _0\"></span>hted <span class=\"_ _0\"></span>down<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>des <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span> </div><div class=\"t m32f h1a ffbd fse fc2 sc0 ls6a ws97\" style=\"bottom:152.60822px;\">assum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. <span class=\"_ _2\"></span>W<span class=\"_ _0\"></span>hil<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>llus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ates <span class=\"_ _2\"></span>pre<span class=\"_ _0\"></span>ssure <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>dec<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>ne<span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>lier <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls62 ws8f\" style=\"bottom:137.60822px;\">oppor<span class=\"_ _0\"></span>tunity to<span class=\"_ _3\"></span> receiv<span class=\"_ _3\"></span>e value<span class=\"_ _3\"></span> for mor<span class=\"_ _3\"></span>e ef<span class=\"_ _0\"></span>ficient<span class=\"_ _3\"></span> and s<span class=\"_ _3\"></span>ustainable pr<span class=\"_ _3\"></span>oducts<span class=\"_ _0\"></span>. F<span class=\"_ _f\"></span>ur<span class=\"_ _0\"></span>ther details ar<span class=\"_ _3\"></span>e incl<span class=\"_ _3\"></span>uded in no<span class=\"_ _3\"></span>te 5 t<span class=\"_ _3\"></span>ogether with sen<span class=\"_ _3\"></span>sitivity<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:122.608215px;\">anal<span class=\"_ _0\"></span>ysis in the key source<span class=\"_ _0\"></span>s of est<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n uncer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y sec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion be<span class=\"_ _0\"></span>low.<span class=\"_ _351\"> </span></div><div class=\"t m279 h1a ffbd fse fc2 sc0 ls9d wsca\" style=\"bottom:100.108215px;\">The <span class=\"_ _3\"></span>clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>-re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates <span class=\"_ _3\"></span>and assumpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _3\"></span>have <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>key <span class=\"_ _3\"></span>area<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>or <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>urces <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:85.108215px;\">for the yea<span class=\"_ _0\"></span>r ende<span class=\"_ _0\"></span>d 31 Dece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 are tho<span class=\"_ _0\"></span>se rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to the recover<span class=\"_ _0\"></span>able am<span class=\"_ _0\"></span>ount of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>curren<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>ludin<span class=\"_ _0\"></span>g goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>, ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsd3 wsfe\" style=\"bottom:70.108215px;\">d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ta<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d me<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> re<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>-<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls79 wsa8\" style=\"bottom:55.108215px;\">co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e ite<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s are<span class=\"_ _0\"></span> inc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e key ar<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span> jud<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d key<span class=\"_ _0\"></span> sou<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s of es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> summ<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> on pa<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e 11<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:40.108215px;\">and expl<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed in det<span class=\"_ _0\"></span>ail th<span class=\"_ _0\"></span>rough<span class=\"_ _0\"></span>out th<span class=\"_ _0\"></span>e signifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt accou<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ng pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:17.608215px;\">Ite<span class=\"_ _0\"></span>ms that may <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by <span class=\"_ _f\"></span>cl<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>sks<span class=\"_ _0\"></span>, but which are <span class=\"_ _f\"></span>n<span class=\"_ _0\"></span>ot consid<span class=\"_ _0\"></span>ered to be <span class=\"_ _3\"></span>key areas of <span class=\"_ _f\"></span>ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s or <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>ourc<span class=\"_ _0\"></span>es of <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:2.6082153px;\">unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y in the curre<span class=\"_ _0\"></span>nt finan<span class=\"_ _0\"></span>cial year are out<span class=\"_ _0\"></span>line<span class=\"_ _0\"></span>d on pag<span class=\"_ _0\"></span>e 112<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Climate <span class=\"_ _3\"></span>change (con<span class=\"_ _3\"></span>tinued)<span class=\"_ _351\"> </span>Usefu<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ves <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>asse<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>\u2013 <span class=\"_ _0\"></span><span class=\"ffbd\">Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>efu<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ves <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ght-of-us<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></span>mat<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>, for <span class=\"_ _3\"></span>examp<span class=\"_ _0\"></span>le, as <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>resul<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>of physica<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>risk<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, obsole<span class=\"_ _0\"></span>sce<span class=\"_ _0\"></span>nce or <span class=\"_ _3\"></span>leg<span class=\"_ _0\"></span>al restr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. The <span class=\"_ _3\"></span>chan<span class=\"_ _0\"></span>ge in <span class=\"_ _f\"></span>us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>ves would <span class=\"_ _3\"></span>have a <span class=\"_ _f\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span> on the <span class=\"_ _3\"></span>amount of<span class=\"_ _3\"></span> depreciation<span class=\"_ _3\"></span> or amortisation recogn<span class=\"_ _3\"></span>ised each y<span class=\"_ _3\"></span>ear fr<span class=\"_ _3\"></span>om the dat<span class=\"_ _3\"></span>e of r<span class=\"_ _3\"></span>eassessment. The<span class=\"_ _3\"></span> Directors\u2019<span class=\"_ _3\"></span> review o<span class=\"_ _3\"></span>f useful<span class=\"_ _3\"></span> lives<span class=\"_ _351\"> </span> ha<span class=\"_ _0\"></span>s ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n into<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>\u2019s de<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gy<span class=\"_ _0\"></span> and ha<span class=\"_ _0\"></span>s not<span class=\"_ _0\"></span> had a mat<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> impa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> on the<span class=\"_ _0\"></span> resul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> for th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> year. Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ered <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>remain<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omic<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ves <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ible <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> \u00a32<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt <span class=\"_ _f\"></span>sp<span class=\"_ _0\"></span>end <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>Tr<span class=\"_ _3\"></span>ent <span class=\"_ _3\"></span>and <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess <span class=\"_ _3\"></span>avia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mmes <span class=\"_ _3\"></span>discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>in <span class=\"_ _3\"></span>note <span class=\"_ _3\"></span>9. <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>iven <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>mea<span class=\"_ _0\"></span>sures<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g, <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>engin<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>sus<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>inab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>avi<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>uel<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(S<span class=\"_ _0\"></span>AF<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>mercia<span class=\"_ _0\"></span>l <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>aero<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>pul<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cipro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>tly <span class=\"_ _2\"></span>prod<span class=\"_ _0\"></span>uce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>comp<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>able <span class=\"_ _2\"></span>fue<span class=\"_ _0\"></span>ls <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>the<span class=\"_ _0\"></span> end of 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs judg<span class=\"_ _0\"></span>e that no adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment is requ<span class=\"_ _0\"></span>ired to the use<span class=\"_ _0\"></span>ful ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic live<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Inven<span class=\"_ _3\"></span>tory valuation<span class=\"_ _3\"></span> <span class=\"ffbd ls5c ws8a\">\u2013 <span class=\"_ _f\"></span>Cl<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d matt<span class=\"_ _0\"></span>ers may <span class=\"_ _3\"></span>af<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t the <span class=\"_ _3\"></span>val<span class=\"_ _0\"></span>ue of <span class=\"_ _3\"></span>invento<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>as a <span class=\"_ _3\"></span>result of <span class=\"_ _3\"></span>a declin<span class=\"_ _0\"></span>e in <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>elli<span class=\"_ _0\"></span>ng price<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>or could bec<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span> </span>obs<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ete due<span class=\"_ _0\"></span> to a <span class=\"_ _3\"></span>red<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on in dem<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>. Af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>al st<span class=\"_ _0\"></span>ock-tu<span class=\"_ _0\"></span>rns<span class=\"_ _0\"></span> of the invento<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y in rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion to th<span class=\"_ _0\"></span>e rate of chan<span class=\"_ _0\"></span>ge in<span class=\"_ _351\"> </span> the ma<span class=\"_ _0\"></span>rket the Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s consid<span class=\"_ _0\"></span>er tha<span class=\"_ _0\"></span>t inventor<span class=\"_ _2\"></span>y is approp<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>tely val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d.<span class=\"_ _351\"> </span>Recoverabi<span class=\"_ _3\"></span>lity <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>trade <span class=\"_ _0\"></span>receivables <span class=\"_ _0\"></span>and contract <span class=\"_ _0\"></span>assets <span class=\"_ _0\"></span><span class=\"ffbd ls6a ws9a\">\u2013 <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s<span class=\"_ _351\"> </span></span><span class=\"ffbd ls6a ws9a\"> </span>cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>rs in <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he future, espe<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span>ly those custom<span class=\"_ _0\"></span>ers in <span class=\"_ _3\"></span>the Civil Aerosp<span class=\"_ _0\"></span>ace busines<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>N<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>mate<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ted issues have <span class=\"_ _3\"></span>ari<span class=\"_ _0\"></span>sen during<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _0\"></span>impa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>rece<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s. <span class=\"_ _2\"></span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>credi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>(ECL<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> credi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>inh<span class=\"_ _0\"></span>eren<span class=\"_ _0\"></span>tly <span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>arke<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>imate <span class=\"_ _2\"></span>chan<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>dit <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isk <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nter <span class=\"_ _2\"></span>par<span class=\"_ _2\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> G<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> ti<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>, cl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ke<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y to<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> count<span class=\"_ _0\"></span>er par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cre<span class=\"_ _0\"></span>dit risk in that ti<span class=\"_ _0\"></span>me.<span class=\"_ _351\"> </span>Share-based <span class=\"_ _2\"></span>payments <span class=\"_ _b\"></span><span class=\"ffbd ls23e ws229\">\u2013<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>R<span class=\"_ _f\"></span>e<span class=\"_ _f\"></span>m<span class=\"_ _f\"></span>u<span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>r<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _f\"></span>n<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>p<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _f\"></span>k<span class=\"_ _f\"></span>a<span class=\"_ _f\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>s<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>w<span class=\"_ _f\"></span>i<span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>be<span class=\"_ _32\"></span> <span class=\"_ _2\"></span>i<span class=\"_ _f\"></span>m<span class=\"_ _f\"></span>p<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _f\"></span>t<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>n<span class=\"_ _f\"></span>d<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>a<span class=\"_ _f\"></span>s<span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>e<span class=\"_ _f\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>g<span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>i<span class=\"_ _f\"></span>n<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>w<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>s<span class=\"_ _f\"></span>u<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>i<span class=\"_ _f\"></span>n<span class=\"_ _f\"></span>a<span class=\"_ _f\"></span>b<span class=\"_ _3\"></span>i<span class=\"_ _f\"></span>l<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>y<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>o<span class=\"_ _f\"></span>m<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _f\"></span>h<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>20<span class=\"_ _32\"></span>23<span class=\"_ _32\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></span>finan<span class=\"_ _0\"></span>cial <span class=\"_ _2\"></span>year. T<span class=\"_ _0\"></span>his <span class=\"_ _2\"></span>coul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>amou<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>timin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>-ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>st<span class=\"_ _0\"></span>atement once <span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>se <span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>tric<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are included within <span class=\"_ _3\"></span>the per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rmance conditi<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>crit<span class=\"_ _0\"></span>eria of <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he share-bas<span class=\"_ _0\"></span>ed payment <span class=\"_ _3\"></span>pl<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>This change <span class=\"_ _3\"></span>has had <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> impa<span class=\"_ _0\"></span>ct on <span class=\"_ _3\"></span>the 202<span class=\"_ _0\"></span>2 Cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d Financia<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>St<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s and <span class=\"_ _3\"></span>is unlikely to <span class=\"_ _f\"></span>have a <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>ial impac<span class=\"_ _0\"></span>t on <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he charge <span class=\"_ _3\"></span>rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>in the <span class=\"_ _3\"></span>nex<span class=\"_ _0\"></span>t 12 <span class=\"_ _3\"></span>mon<span class=\"_ _0\"></span>ths<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Defined benefit pension <span class=\"_ _3\"></span>plans <span class=\"ffbd ls92 wsbf\">\u2013 <span class=\"_ _3\"></span>Clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> risks<span class=\"_ _0\"></span> could af<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t the fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al pos<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion of de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fit pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n pla<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. As a result<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>is<span class=\"_ _351\"> </span></span><span class=\"ffbd ls92 wsbf\"> </span>coul<span class=\"_ _0\"></span>d have implica<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons on the expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted ret<span class=\"_ _0\"></span>urn on pla<span class=\"_ _0\"></span>n asset<span class=\"_ _0\"></span>s and meas<span class=\"_ _0\"></span>ureme<span class=\"_ _0\"></span>nt of define<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies in future years<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e T<span class=\"_ _f\"></span>rus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>Rolls-<span class=\"_ _0\"></span>Royce<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>K <span class=\"_ _0\"></span>Pension <span class=\"_ _0\"></span>F<span class=\"_ _3\"></span>und <span class=\"_ _0\"></span>meet <span class=\"_ _0\"></span>the <span class=\"_ _2\"></span>climate-related regulator<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>requiremen<span class=\"_ _3\"></span>ts<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>When <span class=\"_ _2\"></span>making de<span class=\"_ _0\"></span>cisions about <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>plan, <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>analysi<span class=\"_ _3\"></span>s is carried <span class=\"_ _3\"></span>out in a<span class=\"_ _3\"></span> way c<span class=\"_ _3\"></span>onsistent<span class=\"_ _3\"></span> with T<span class=\"_ _f\"></span>askforce on<span class=\"_ _3\"></span> Climate-Related Fi<span class=\"_ _3\"></span>nancial<span class=\"_ _3\"></span> Disclosur<span class=\"_ _3\"></span>es (TCFD).<span class=\"_ _3\"></span> The T<span class=\"_ _f\"></span>rustee has<span class=\"_ _3\"></span> set a net<span class=\"_ _3\"></span> zero<span class=\"_ _351\"> </span> targ<span class=\"_ _0\"></span>et for <span class=\"_ _3\"></span>the plan asset<span class=\"_ _0\"></span>s by <span class=\"_ _f\"></span>2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Hav<span class=\"_ _0\"></span>ing asses<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>the risks and <span class=\"_ _3\"></span>op<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ies of <span class=\"_ _f\"></span>cl<span class=\"_ _0\"></span>imate change and <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ered the <span class=\"_ _3\"></span>na<span class=\"_ _0\"></span>ture of <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> of the fund<span class=\"_ _0\"></span>, clima<span class=\"_ _0\"></span>te chang<span class=\"_ _0\"></span>e is unlikely to have a materi<span class=\"_ _0\"></span>al impac<span class=\"_ _0\"></span>t on the p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in the Cons<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>ed Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l State<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Pr<span class=\"_ _3\"></span>esentation <span class=\"_ _3\"></span>of underl<span class=\"_ _3\"></span>ying r<span class=\"_ _3\"></span>esults<span class=\"_ _351\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p mea<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s finan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce on an und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g bas<span class=\"_ _0\"></span>is and dis<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es thi<span class=\"_ _0\"></span>s info<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n as an alte<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span> per<span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e mea<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span> (A<span class=\"_ _0\"></span>PM)<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s is co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tent <span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e way t<span class=\"_ _0\"></span>hat fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e is me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d by th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s and re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>oard i<span class=\"_ _0\"></span>n acc<span class=\"_ _0\"></span>ordan<span class=\"_ _0\"></span>ce<span class=\"_ _351\"> </span> wit<span class=\"_ _0\"></span>h <span class=\"_ _3\"></span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _3\"></span>8 <span class=\"_ _f\"></span><span class=\"ffbe ls60 ws8d\">O<span class=\"_ _0\"></span>perating <span class=\"_ _f\"></span>Se<span class=\"_ _0\"></span>gments<span class=\"ffbd ls8b ws1e3\">.<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> </span></span><span class=\"ffbe ls60 ws8d\"><span class=\"ffbd ls8b ws1e3\"></span></span>result<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>sub<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>trad<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y, <span class=\"_ _0\"></span>inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _0\"></span>forei<span class=\"_ _0\"></span>gn <span class=\"_ _0\"></span>exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ward <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ich <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>eco<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>ly <span class=\"_ _2\"></span>hed<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>net <span class=\"_ _2\"></span>forei<span class=\"_ _0\"></span>gn <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrenc<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>cash <span class=\"_ _2\"></span>flo<span class=\"_ _0\"></span>ws <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rede<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>exch<span class=\"_ _0\"></span>ange <span class=\"_ _2\"></span>rat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n, <span class=\"_ _2\"></span>unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>ying <span class=\"_ _2\"></span>resul<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>exclud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>accounting <span class=\"_ _32\"></span>impact <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>business <span class=\"_ _32\"></span>a<span class=\"_ _0\"></span>cquisitions <span class=\"_ _32\"></span>and <span class=\"_ _f\"></span>disposals<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>impairment<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>charges <span class=\"_ _32\"></span>where <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>reasons <span class=\"_ _32\"></span>are <span class=\"_ _f\"></span>outside <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>normal <span class=\"_ _f\"></span>operating <span class=\"_ _f\"></span>acti<span class=\"_ _0\"></span>vities,<span class=\"_ _0\"></span> excep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>tems<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n ot<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>ms whi<span class=\"_ _0\"></span>ch are <span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket dr<span class=\"_ _0\"></span>iven <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>out<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l of <span class=\"_ _0\"></span>mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>det<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ls <span class=\"_ _0\"></span>are gi<span class=\"_ _0\"></span>ven<span class=\"_ _351\"> </span> in note 2. A reco<span class=\"_ _0\"></span>ncili<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of AP<span class=\"_ _0\"></span>Ms to the st<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>uto<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt is provid<span class=\"_ _0\"></span>ed on pag<span class=\"_ _0\"></span>es 20<span class=\"_ _0\"></span>3 to 20<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Re<span class=\"_ _3\"></span>visions to <span class=\"_ _3\"></span>IFRS applicable <span class=\"_ _3\"></span>in 2022<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>opte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ment <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 3<span class=\"_ _0\"></span>7 <span class=\"_ _0\"></span><span class=\"ffbe ls60 ws8d\">Provis<span class=\"_ _3\"></span>ions, <span class=\"_ _0\"></span>Contingent Liabilities and <span class=\"_ _0\"></span>Contingent Asset<span class=\"_ _0\"></span>s<span class=\"ffbd ls166 ws194\"> fo<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>On<span class=\"_ _f\"></span>er<span class=\"_ _f\"></span>ou<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Co<span class=\"_ _f\"></span>nt<span class=\"_ _3\"></span>ra<span class=\"_ _f\"></span>cts<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>\u2013 Co<span class=\"_ _f\"></span>st<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>of<span class=\"_ _f\"></span> </span></span><span class=\"ffbe ls60 ws8d\"><span class=\"ffbd ls166 ws194\"></span></span>Fulfilling a <span class=\"_ _3\"></span>Co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>t on 1 <span class=\"_ _3\"></span>Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 202<span class=\"_ _0\"></span>2. The amendm<span class=\"_ _0\"></span>ent clarifies the meaning of \u2018cost<span class=\"_ _0\"></span>s to fulfil a <span class=\"_ _3\"></span>contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>\u2019, explaining that the direct cost<span class=\"_ _351\"> </span> of <span class=\"_ _2\"></span>ful<span class=\"_ _0\"></span>filli<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>creme<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>ulfil<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>(for <span class=\"_ _2\"></span>exam<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>direc<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>la<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ur <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>mat<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s) <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>als<span class=\"_ _0\"></span>o <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>an <span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>lfil<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>now <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>des <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span> allo<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ated <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>minin<span class=\"_ _0\"></span>g w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>a c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>erous <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>a<span class=\"_ _351\"> </span> co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> The<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> all<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e to (a) fixe<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> over<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s in our<span class=\"_ _0\"></span> op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l are<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span> are inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> irresp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>ma<span class=\"_ _0\"></span>nufa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>b) <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>xed <span class=\"_ _2\"></span>over<span class=\"_ _0\"></span>hea<span class=\"_ _0\"></span>ds <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>provi<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>eng<span class=\"_ _0\"></span>ine <span class=\"_ _2\"></span>hea<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>onit<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>I<span class=\"_ _0\"></span>T <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>(c) <span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>spare <span class=\"_ _2\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>owns <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>sup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ur <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ual <span class=\"_ _2\"></span>com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>rs<span class=\"_ _351\"> </span>unde<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>LTSA<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dmen<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onal <span class=\"_ _2\"></span>all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at<span class=\"_ _351\"> </span>increa<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>tot<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>ss <span class=\"_ _2\"></span>provi<span class=\"_ _0\"></span>sion <span class=\"_ _2\"></span>by <span class=\"_ _2\"></span>\u00a3<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3m<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>1 <span class=\"_ _2\"></span>J<span class=\"_ _0\"></span>anua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>(s<span class=\"_ _0\"></span>ee <span class=\"_ _2\"></span>not<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1)<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>ll <span class=\"_ _2\"></span>mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>Ci<span class=\"_ _0\"></span>vil <span class=\"_ _2\"></span>Ae<span class=\"_ _0\"></span>rospa<span class=\"_ _0\"></span>ce<span class=\"_ _351\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> \u00a36<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>cu<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> be<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ncrea<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>UK <span class=\"_ _2\"></span>(see <span class=\"_ _2\"></span>note <span class=\"_ _2\"></span>5 <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ils). <span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>req<span class=\"_ _0\"></span>uired <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>the<span class=\"_ _351\"> </span>a<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> ad<span class=\"_ _2\"></span>j<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>J<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> 20<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _b\"></span>S <span class=\"_ _3\"></span>3<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> has had a favour<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e immate<span class=\"_ _0\"></span>rial imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t on the 20<span class=\"_ _0\"></span>22 in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. F<span class=\"_ _3\"></span>ur<span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>r inform<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ca<span class=\"_ _0\"></span>n be found in note 2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>no <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ew <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ards <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>terp<span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions <span class=\"_ _2\"></span>iss<span class=\"_ _0\"></span>ued <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>IA<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>B <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>had <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant <span class=\"_ _2\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>Statements.<span class=\"_ _351\"> </span><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:964.4989px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:932.9989px;\">Ke<span class=\"_ _3\"></span>y ar<span class=\"_ _f\"></span>eas of judgemen<span class=\"_ _3\"></span>t and <span class=\"_ _3\"></span>sources <span class=\"_ _3\"></span>of estima<span class=\"_ _3\"></span>tion uncertainty<span class=\"_ _351\"> </span></div><div class=\"t m62f h1a ffbd fse fc2 sc0 ls8c wsa6\" style=\"bottom:917.9989px;\">T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _b\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>j<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _b\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m66a h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"bottom:902.9989px;\">and <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tual <span class=\"_ _2\"></span>outco<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ay <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fer <span class=\"_ _2\"></span>from <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>key <span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>key <span class=\"_ _2\"></span>source<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span> </div><div class=\"t m5 h1a ffbd fse fc2 sc0 ls62 ws8f\" style=\"bottom:887.9989px;\">she<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>date<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>tha<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt <span class=\"_ _2\"></span>risk <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>ial <span class=\"_ _2\"></span>ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nts <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m36d h1a ffbd fse fc2 sc0 ls74 wsa2\" style=\"bottom:872.99884px;\">nex<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial <span class=\"_ _2\"></span>year, are <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>umma<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>bel<span class=\"_ _0\"></span>ow. <span class=\"_ _0\"></span>Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>det<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>her <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>for <span class=\"_ _2\"></span>key <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ource<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:857.99884px;\">app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riate an<span class=\"_ _0\"></span>d prac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, are includ<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e signifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt accoun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pol<span class=\"_ _0\"></span>icies se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of this note<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h13 ffbd fsb fc2 sc0 ls183 ws1b7\" style=\"bottom:823.29785px;\">Area<span class=\"_ _13c\"> </span><span class=\"lsd9 ws104\">Key ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _1ff\"> </span>Key so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es of es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on unc<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y<span class=\"_ _45\"> </span><span class=\"ls23f ws2b1\">Page ref<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:806.318px;\">Revenue<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:791.318px;\">r<span class=\"_ _3\"></span>ecognition and<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:776.318px;\">contract <span class=\"_ _3\"></span>assets<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:761.318px;\">and liabilities<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:114.909px; bottom:806.318px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m674 h1a ffbd fse fc2 sc0 ls7b wsaa\" style=\"left:119.6304px; bottom:806.318px;\">Whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>erosp<span class=\"_ _0\"></span>ace <span class=\"_ _2\"></span>OE <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>af<span class=\"_ _2\"></span>term<span class=\"_ _0\"></span>arke<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:119.6304px; bottom:791.318px;\">cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s shou<span class=\"_ _0\"></span>ld be comb<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:114.909px; bottom:776.318px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m5 h1a ffbd fse fc2 sc0 ls9c wsc9\" style=\"left:119.6304px; bottom:776.318px;\">How <span class=\"_ _b\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rman<span class=\"_ _0\"></span>ce <span class=\"_ _b\"></span>on <span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm <span class=\"_ _b\"></span>af<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:119.6304px; bottom:761.318px;\">cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s shou<span class=\"_ _0\"></span>ld be mea<span class=\"_ _0\"></span>sured<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:114.909px; bottom:746.318px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m5b2 h1a ffbd fse fc2 sc0 ls88 wsa6\" style=\"left:119.6304px; bottom:746.318px;\">W<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:114.909px; bottom:731.318px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls6b ws98\">Whether <span class=\"_ _f\"></span>sales <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>spare <span class=\"_ _f\"></span>engines <span class=\"_ _32\"></span>to <span class=\"_ _f\"></span>joint <span class=\"_ _f\"></span>ventur<span class=\"_ _3\"></span>es<span class=\"_ _351\"> </span></span><span class=\"ffbd ls6b ws98\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:119.6304px; bottom:716.318px;\">are at fair valu<span class=\"_ _0\"></span>e.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:114.909px; bottom:701.318px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls6b ws98\">When <span class=\"_ _3\"></span>revenue<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>should <span class=\"_ _3\"></span>be <span class=\"_ _3\"></span>recognised <span class=\"_ _f\"></span>in <span class=\"_ _3\"></span>relation<span class=\"_ _351\"> </span></span><span class=\"ffbd ls6b ws98\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:119.6304px; bottom:686.318px;\">to spare engi<span class=\"_ _0\"></span>ne sale<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:395.97046px; bottom:806.318px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m675 h1a ffbd fse fc2 sc0 lsbd ws1a1\" style=\"left:400.1076px; bottom:806.318px;\">E<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _b\"></span>-<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _b\"></span> <span class=\"_ _32\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"left:400.1076px; bottom:791.318px;\">contractual <span class=\"_ _f\"></span>arrangement<span class=\"_ _0\"></span>s, <span class=\"_ _3\"></span>including <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>impac<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"left:400.1076px; bottom:776.318px;\">of climat<span class=\"_ _3\"></span>e change.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:668.74243px; bottom:806.318px;\">115<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:669.338px;\">Risk and <span class=\"_ _3\"></span>reven<span class=\"_ _3\"></span>ue<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:654.338px;\">sharing<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:639.338px;\">arrangements<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:114.909px; bottom:669.338px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m1ff h1a ffbd fse fc2 sc0 ls79 wsa8\" style=\"left:119.6304px; bottom:669.338px;\">De<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>ion <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _32\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>na<span class=\"_ _0\"></span>ture <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>en<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>fe<span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:668.74243px; bottom:669.338px;\">116<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:622.358px;\">T<span class=\"_ _3\"></span>axation<span class=\"_ _200\"> </span><span class=\"ffbf ls3 ws3\"> </span><span class=\"ffbf ls3 ws3\"><span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></span></div><div class=\"t m676 h1a ffbd fse fc2 sc0 ls8c wsb9\" style=\"left:400.1076px; bottom:622.35815px;\">E<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>b<span class=\"_ _b\"></span><span class=\"ffbf ls3 ws3\">-<span class=\"_ _351\"> </span></span></div><div class=\"t m677 h1a ffbd fse fc2 sc0 ls77 wsa5\" style=\"left:400.1076px; bottom:607.35815px;\">able <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cien<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>sui<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>ll<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:400.1076px; bottom:592.35815px;\">aris<span class=\"_ _0\"></span>e in t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>K to u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>ise <span class=\"_ _0\"></span>the d<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>ax a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls64 ws91\" style=\"left:400.1076px; bottom:577.35815px;\">recog<span class=\"_ _3\"></span>nised.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:668.74243px; bottom:622.35815px;\">118<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:560.3782px;\">Discontinued<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:545.3782px;\">operations <span class=\"_ _3\"></span>and<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls16f ws19e\" style=\"bottom:530.3782px;\">business <span class=\"_ _3\"></span>disposals<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:114.909px; bottom:560.3782px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m678 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:119.6304px; bottom:560.3782px;\">The <span class=\"_ _f\"></span>assets<span class=\"_ _0\"></span>, <span class=\"_ _32\"></span>liabilit<span class=\"_ _0\"></span>ies <span class=\"_ _32\"></span>and <span class=\"_ _f\"></span>associated <span class=\"_ _f\"></span>consolidation<span class=\"_ _0\"></span> </div><div class=\"t m379 h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"left:119.6304px; bottom:545.3782px;\">adjustments <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>the <span class=\"_ _32\"></span>I<span class=\"_ _0\"></span>TP <span class=\"_ _f\"></span>Aero <span class=\"_ _32\"></span>business <span class=\"_ _f\"></span>recognised<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:119.6304px; bottom:530.3782px;\">on disp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:668.74243px; bottom:560.3782px;\">118<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:513.39813px;\">Resear<span class=\"_ _3\"></span>ch and<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:498.39813px;\">development<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:114.909px; bottom:513.39813px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m167 h1a ffbd fse fc2 sc0 ls6a ws97\" style=\"left:119.6304px; bottom:513.3983px;\">Det<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oint <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ime <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> </div><div class=\"t m279 h1a ffbd fse fc2 sc0 ls89 wsb6\" style=\"left:119.6304px; bottom:498.39832px;\">i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:119.6304px; bottom:483.39832px;\">mee<span class=\"_ _0\"></span>t the cri<span class=\"_ _0\"></span>teri<span class=\"_ _0\"></span>a for cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:114.909px; bottom:468.39832px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m679 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"left:119.6304px; bottom:468.39832px;\">De<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>basi<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>for <span class=\"_ _2\"></span>amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ising <span class=\"_ _2\"></span>cap<span class=\"_ _0\"></span>i<span class=\"ffbf ls3 ws3\">-<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:119.6304px; bottom:453.39832px;\">tal<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ment cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:668.74243px; bottom:513.3983px;\">120<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:436.41827px;\">Impairment of<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:421.41827px;\">non-curr<span class=\"_ _3\"></span>ent<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:406.41827px;\">assets<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:114.909px; bottom:436.41827px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m1e5 h1a ffbd fse fc2 sc0 ls92 wsbf\" style=\"left:119.6304px; bottom:436.41846px;\">Determination <span class=\"_ _32\"></span>of <span class=\"_ _32\"></span>cash-generating <span class=\"_ _f\"></span>units <span class=\"_ _32\"></span>for <span class=\"_ _32\"></span>assess<span class=\"ffbf ls3 ws3\">-<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:119.6304px; bottom:421.41846px;\">ing impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent of goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:668.74243px; bottom:436.41846px;\">122<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:389.43848px;\">Leases<span class=\"_ _163\"> </span><span class=\"ffbf ls3 ws3\"> <span class=\"_ _37\"></span>\u2014 <span class=\"ffbd ls5c ws8a\">D<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ermi<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e lease te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>.<span class=\"_ _2d\"> </span></span> </span><span class=\"ffbf ls3 ws3\"><span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></span></div><div class=\"t m5 h1a ffbd fse fc2 sc0 ls9c wsc9\" style=\"left:400.1076px; bottom:389.43848px;\">Es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of <span class=\"_ _b\"></span>the <span class=\"_ _b\"></span>paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _b\"></span>require<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>to <span class=\"_ _b\"></span>me<span class=\"_ _0\"></span>et<span class=\"_ _351\"> </span> </div><div class=\"t m465 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"left:400.1076px; bottom:374.43848px;\">residu<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _2\"></span>guara<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>at <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>end <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls60 ws8d\" style=\"left:400.1076px; bottom:359.43845px;\">leases.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:668.74243px; bottom:389.43848px;\">122<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:342.45847px;\">Pr<span class=\"_ _3\"></span>ovisions<span class=\"_ _dc\"> </span><span class=\"ffbf ls3 ws3\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">Whether <span class=\"_ _3\"></span>any <span class=\"_ _f\"></span>costs should <span class=\"_ _32\"></span>be <span class=\"_ _3\"></span>treated <span class=\"_ _f\"></span>as <span class=\"_ _3\"></span>wastage.<span class=\"_ _149\"> </span><span class=\"ffbf ls3 ws3\"> </span></span></span><span class=\"ffbf ls3 ws3\"><span class=\"ffbd ls5c ws8a\"><span class=\"ffbf ls3 ws3\"><span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></span></span></span></div><div class=\"t m67a h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"left:400.1076px; bottom:342.4586px;\">Es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ime <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>echn<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsd6 ws100\" style=\"left:400.1076px; bottom:327.4586px;\">i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>Tr<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>1<span class=\"_ _b\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _b\"></span><span class=\"ffbf ls3 ws3\">-<span class=\"_ _351\"> </span></span></div><div class=\"t m67b h1a ffbd fse fc2 sc0 ls89 wsb6\" style=\"left:400.1076px; bottom:312.4586px;\">m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>H<span class=\"_ _b\"></span>P<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>)<span class=\"_ _b\"></span> <span class=\"_ _32\"></span></div><div class=\"t m77 h1a ffbd fse fc2 sc0 ls7c wsda\" style=\"left:400.1076px; bottom:297.4586px;\">b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m29a h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"left:400.1076px; bottom:282.4586px;\">to <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _2\"></span>tle <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>T<span class=\"_ _3\"></span>rent <span class=\"_ _2\"></span>10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:400.1076px; bottom:267.4586px;\">lon<span class=\"_ _0\"></span>g-te<span class=\"_ _0\"></span>rm con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed as on<span class=\"_ _0\"></span>erous<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:395.97046px; bottom:252.45859px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m67c h1a ffbd fse fc2 sc0 ls7b wsaa\" style=\"left:400.1076px; bottom:252.45859px;\">Es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mates <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>reve<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:400.1076px; bottom:237.45859px;\">fulfi<span class=\"_ _0\"></span>l onero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:395.97046px; bottom:222.45859px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m67a h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"left:400.1076px; bottom:222.45859px;\">As<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _2\"></span>impli<span class=\"_ _0\"></span>cit <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>hin <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>cal<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>of <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls77 wsa5\" style=\"left:400.1076px; bottom:207.45859px;\">discount rates<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:668.74243px; bottom:342.4586px;\">123<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:190.4786px;\">Post-r<span class=\"_ _3\"></span>etirement<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:175.4786px;\">benefits<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:395.97046px; bottom:190.4786px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls173 ws1a2\">E<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>im<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"left:400.1076px; bottom:175.4786px;\">defined benefit obligation.<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:668.74243px; bottom:190.4786px;\">124<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:139.1036px;\">Significant <span class=\"_ _3\"></span>accounting <span class=\"_ _3\"></span>policies<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:124.10361px;\">The <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up\u2019s <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>se<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ow. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icies <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>app<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>all <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ods<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:109.10361px;\">pres<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d in these C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d Fina<span class=\"_ _0\"></span>ncial St<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:85.10361px;\">Basis <span class=\"_ _3\"></span>of consolida<span class=\"_ _3\"></span>tion<span class=\"_ _351\"> </span></div><div class=\"t m67d h1a ffbd fse fc2 sc0 ls3 ws3\" style=\"bottom:70.10361px;\">The <span class=\"_ _0\"></span>Consolidated <span class=\"_ _2\"></span>Financial<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Statements <span class=\"_ _0\"></span>include <span class=\"_ _0\"></span><span class=\"ls5c ws8a\">t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any</span> <span class=\"_ _2\"></span>Financial <span class=\"_ _0\"></span>Statements <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>its <span class=\"_ _2\"></span>subsidiary <span class=\"_ _0\"></span>under<span class=\"_ _0\"></span>takings <span class=\"_ _0\"></span>toge<span class=\"_ _0\"></span>ther <span class=\"_ _0\"></span>with <span class=\"_ _2\"></span>the<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:55.103607px;\">Grou<span class=\"_ _0\"></span>p\u2019s share of the results in joint arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>s made up to 31 <span class=\"_ _3\"></span>De<span class=\"_ _0\"></span>cemb<span class=\"_ _0\"></span>er.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:32.603607px;\">A <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>trol<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span><span class=\"ls62 ws8f\">the <span class=\"_ _0\"></span>Company<span class=\"_ _3\"></span><span class=\"ls5c ws8a\">. <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>trol <span class=\"_ _2\"></span>exi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>whe<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span><span class=\"ls62 ws8f\">the <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ompan<span class=\"_ _3\"></span>y<span class=\"ls1dc ws20a\"> <span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>po<span class=\"_ _f\"></span>w<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>o<span class=\"_ _f\"></span>v<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>ty<span class=\"_ _32\"></span>,<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>x<span class=\"_ _3\"></span>p<span class=\"_ _f\"></span>os<span class=\"_ _32\"></span>u<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _f\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>bl<span class=\"_ _32\"></span>e<span class=\"_ _351\"> </span></span></span></span></span><span class=\"ls62 ws8f\"><span class=\"ls5c ws8a\"><span class=\"ls62 ws8f\"><span class=\"ls1dc ws20a\"> </span></span></span></span></div><div class=\"t m335 h1a ffbd fse fc2 sc0 ls62 ws8f\" style=\"bottom:17.603607px;\">retu<span class=\"_ _0\"></span>rns <span class=\"_ _2\"></span>fro<span class=\"_ _0\"></span>m <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>involve<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>us<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>pow<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>so <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _2\"></span>af<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span><span class=\"ls60 ws8d\">th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any<span class=\"_ _2\"></span><span class=\"lsca ws18e\">\u2019s <span class=\"_ _0\"></span>returns. <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:2.6036072px;\">Subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s are consol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted in acco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 10 <span class=\"ffbe ls60 ws8d\">Consolidated Finan<span class=\"_ _3\"></span>cial Stat<span class=\"_ _3\"></span>ements<span class=\"ffbd ls3 ws3\">.<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:1010.59766px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:979.09766px;\">Basis <span class=\"_ _3\"></span>of consolida<span class=\"_ _3\"></span>tion (con<span class=\"_ _3\"></span>tinued)<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:964.09766px;\">A <span class=\"_ _0\"></span>joint <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>which <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lds <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>or<span class=\"_ _0\"></span> </div><div class=\"t m67e h1a ffbd fse fc2 sc0 ls92 wsbf\" style=\"bottom:949.09766px;\">more <span class=\"_ _3\"></span>ot<span class=\"_ _0\"></span>her <span class=\"_ _3\"></span>inves<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>un<span class=\"_ _0\"></span>der a <span class=\"_ _f\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>arr<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. Joint <span class=\"_ _3\"></span>arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts may <span class=\"_ _f\"></span>be <span class=\"_ _3\"></span>eit<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>j<span class=\"_ _0\"></span>oint <span class=\"_ _3\"></span>vent<span class=\"_ _0\"></span>ures <span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>joi<span class=\"_ _0\"></span>nt <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>J<span class=\"_ _0\"></span>oint ventures<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:934.09766px;\">are accou<span class=\"_ _0\"></span>nted for usi<span class=\"_ _0\"></span>ng the eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d of accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g and joint op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons are acco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d for using pro<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>te acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls86 wse6\" style=\"bottom:911.59766px;\">An<span class=\"_ _0\"></span> ass<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> is an ent<span class=\"_ _0\"></span>it<span class=\"_ _2\"></span>y th<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span> is nei<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a sub<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>y no<span class=\"_ _0\"></span>r a joi<span class=\"_ _0\"></span>nt ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>, in whi<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> Gro<span class=\"_ _0\"></span>up ho<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:896.59766px;\">Grou<span class=\"_ _0\"></span>p has a <span class=\"_ _3\"></span>sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ant infl<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce. Th<span class=\"_ _0\"></span>e result<span class=\"_ _0\"></span>s of associ<span class=\"_ _0\"></span>ates are accou<span class=\"_ _0\"></span>nted for usin<span class=\"_ _0\"></span>g the equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y meth<span class=\"_ _0\"></span>od of acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m48e h1a ffbd fse fc2 sc0 lsc1 wsee\" style=\"bottom:874.09766px;\">A<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>j<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> el<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls8f ws19a\" style=\"bottom:859.09766px;\">or lo<span class=\"_ _0\"></span>ss ar<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g on tra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s wit<span class=\"_ _0\"></span>h joi<span class=\"_ _0\"></span>nt ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt of the<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p\u2019s int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in the ent<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. T<span class=\"_ _f\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s wit<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:844.09766px;\">non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>rol<span class=\"_ _0\"></span>ling inte<span class=\"_ _0\"></span>rest<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d direc<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y in equit<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span></div><div class=\"t m67f h1a ffbd fse fc2 sc0 ls8c wsb9\" style=\"bottom:821.59766px;\">A<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>a<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>j<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>y<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:806.59766px;\">of cont<span class=\"_ _0\"></span>rol<span class=\"_ _0\"></span>. De<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ils of tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in the year are set out in note 2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:775.09766px;\">Re<span class=\"_ _3\"></span>venue <span class=\"_ _3\"></span>recognition <span class=\"_ _3\"></span>and contr<span class=\"_ _f\"></span>ac<span class=\"_ _0\"></span>t as<span class=\"_ _f\"></span>sets and liabilities<span class=\"_ _351\"> </span></div><div class=\"t m680 h1a ffbd fse fc2 sc0 ls92 ws9a\" style=\"bottom:760.09766px;\">Revenu<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>sa<span class=\"_ _0\"></span>les <span class=\"_ _f\"></span>to <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _f\"></span>cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ter <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>ayabl<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>to <span class=\"_ _f\"></span>cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>Reve<span class=\"_ _0\"></span>nue <span class=\"_ _f\"></span>excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>valu<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m482 h1a ffbd fse fc2 sc0 ls65 ws92\" style=\"bottom:745.09766px;\">add<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>xes<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rice <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>hin <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>alt<span class=\"_ _0\"></span>hou<span class=\"_ _0\"></span>gh <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bso<span class=\"_ _0\"></span>lute <span class=\"_ _2\"></span>amo<span class=\"_ _0\"></span>unt <span class=\"_ _0\"></span>may <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsc3 wsc0\" style=\"bottom:730.09766px;\">de<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t on es<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> indi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rm co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> tha<span class=\"_ _0\"></span>t req<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e key es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s hi<span class=\"_ _0\"></span>ghl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ght<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>w to be ma<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span> Ref<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> </div><div class=\"t m681 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:715.09766px;\">whe<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ade <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ght <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>retu<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hey <span class=\"_ _2\"></span>do <span class=\"_ _0\"></span>exi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsaa wsa3\" style=\"bottom:700.09766px;\">rec<span class=\"_ _3\"></span>eiv<span class=\"_ _3\"></span>ed, a<span class=\"_ _3\"></span> portion<span class=\"_ _3\"></span> based<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>on<span class=\"_ _3\"></span> an as<span class=\"_ _3\"></span>sess<span class=\"_ _3\"></span>men<span class=\"_ _3\"></span>t of<span class=\"_ _f\"></span> the e<span class=\"_ _3\"></span>xpected<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>fund<span class=\"_ _f\"></span> liabi<span class=\"_ _3\"></span>lity<span class=\"_ _3\"></span> is r<span class=\"_ _3\"></span>ecog<span class=\"_ _3\"></span>nis<span class=\"_ _3\"></span>ed wit<span class=\"_ _3\"></span>hin<span class=\"_ _f\"></span> other<span class=\"_ _3\"></span> paya<span class=\"_ _3\"></span>ble<span class=\"_ _3\"></span>s. The<span class=\"_ _3\"></span> Gro<span class=\"_ _3\"></span>up h<span class=\"_ _3\"></span>as e<span class=\"_ _3\"></span>lecte<span class=\"_ _3\"></span>d<span class=\"_ _351\"> </span> </div><div class=\"t m41c h1a ffbd fse fc2 sc0 ls65 ws92\" style=\"bottom:685.09766px;\">to <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cal <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>adjus<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>reve<span class=\"_ _0\"></span>nue <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>finan<span class=\"_ _0\"></span>cing <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ere <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>that <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"bottom:670.09766px;\">bet<span class=\"_ _0\"></span>ween the tran<span class=\"_ _3\"></span>sfer of goods and <span class=\"_ _3\"></span>ser<span class=\"_ _0\"></span>vices to c<span class=\"_ _3\"></span>ustomers and the<span class=\"_ _3\"></span> receipt of<span class=\"_ _3\"></span> payment is<span class=\"_ _3\"></span> less than <span class=\"_ _3\"></span>a year<span class=\"_ _f\"></span>. Consideration is<span class=\"_ _3\"></span> received in<span class=\"_ _3\"></span> the<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:655.09766px;\">for<span class=\"_ _0\"></span>m of <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ts and payme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s for <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of <span class=\"_ _3\"></span>mile<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>nes or per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. L<span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>SA cash receip<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>ypic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y receive<span class=\"_ _0\"></span>d base<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:640.09766px;\">on EFHs<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:610.09766px;\">Sal<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dard OE, spare <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>ime and <span class=\"_ _f\"></span>ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial <span class=\"_ _3\"></span>over<span class=\"_ _0\"></span>haul ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces are <span class=\"_ _f\"></span>gen<span class=\"_ _0\"></span>eral<span class=\"_ _0\"></span>ly r<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of <span class=\"_ _f\"></span>con<span class=\"_ _0\"></span>trol to <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m1e0 h1a ffbd fse fc2 sc0 ls83 wsb1\" style=\"bottom:595.0975px;\">This <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>ge<span class=\"_ _0\"></span>nera<span class=\"_ _0\"></span>lly <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>to <span class=\"_ _3\"></span>the <span class=\"_ _f\"></span>cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>mer, <span class=\"_ _32\"></span>unl<span class=\"_ _0\"></span>ess <span class=\"_ _3\"></span>the <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c <span class=\"_ _f\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tual <span class=\"_ _3\"></span>term<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>indi<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt <span class=\"_ _f\"></span>po<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls70 ws9d\" style=\"bottom:580.0975px;\">t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n th<span class=\"_ _2\"></span>e am<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d on<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> po<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:565.0975px;\">howeve<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>, this is not t<span class=\"_ _0\"></span>ypi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>ly require<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m682 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"bottom:535.0975px;\">Sal<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>OE <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vic<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>for <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>(m<span class=\"_ _0\"></span>ost <span class=\"_ _2\"></span>signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tly <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>nce <span class=\"_ _2\"></span>busin<span class=\"_ _0\"></span>ess) <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:520.0975px;\">refere<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rogre<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>tow<span class=\"_ _0\"></span>ards <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ompl<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rman<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>des<span class=\"_ _0\"></span>crib<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>key <span class=\"_ _0\"></span>jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:505.09747px;\">provi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d the outco<span class=\"_ _0\"></span>me of cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s can b<span class=\"_ _0\"></span>e asses<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d with rea<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span></div><div class=\"t m330 h1a ffbd fse fc2 sc0 ls83 ws9a\" style=\"bottom:475.09747px;\">The <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _3\"></span>gen<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt <span class=\"_ _f\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion <span class=\"_ _3\"></span>of <span class=\"_ _f\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>reve<span class=\"_ _0\"></span>nue <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>rket <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng <span class=\"_ _f\"></span>fro<span class=\"_ _0\"></span>m <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>ins<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>OE <span class=\"_ _3\"></span>fle<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>A<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ence<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:460.09747px;\">in p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icul<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>in t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Aeros<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>e l<span class=\"_ _0\"></span>arge <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine <span class=\"_ _0\"></span>bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ten <span class=\"_ _0\"></span>agre<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ces <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>OE <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake int<span class=\"_ _0\"></span>o<span class=\"_ _351\"> </span> </div><div class=\"t m683 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"bottom:445.09747px;\">acco<span class=\"_ _0\"></span>unt <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>rket <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>So<span class=\"_ _0\"></span>met<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>may <span class=\"_ _2\"></span>result <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>OE<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>des<span class=\"_ _0\"></span>crib<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>key<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls2c ws52\" style=\"bottom:430.09747px;\">j<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>O<span class=\"_ _b\"></span>E<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>O<span class=\"_ _2\"></span>E<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:415.09747px;\">and the co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in the af<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t to af<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket per<span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>manc<span class=\"_ _0\"></span>e obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:385.09747px;\">Key areas of the acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y are:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:362.59747px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m684 h1a ffbd fse fc2 sc0 ls77 wsa5\" style=\"left:13.294952px; bottom:362.59747px;\">Future <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>revenu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>ke <span class=\"_ _0\"></span>acc<span class=\"_ _0\"></span>ount <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>risk <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-re<span class=\"_ _0\"></span>cover<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>resul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m612 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"left:13.294952px; bottom:347.59747px;\">bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>.g<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>FHs<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>his<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>risk <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>rcraf<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>bei<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ked <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"left:13.294952px; bottom:332.59747px;\">customer<span class=\"_ _f\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:310.09747px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd lsa4 wsd2\">A sig<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt of rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span> and co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g is de<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in curr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span> tha<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span></span><span class=\"ffbd lsa4 wsd2\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls74 wsbf\" style=\"left:13.294952px; bottom:295.09747px;\">relevant Group unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tak<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, most signifi<span class=\"_ _0\"></span>cant<span class=\"_ _0\"></span>ly USD tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons in sterlin<span class=\"_ _0\"></span>g and euro <span class=\"_ _3\"></span>den<span class=\"_ _0\"></span>ominate<span class=\"_ _0\"></span>d under<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>. These are transla<span class=\"_ _0\"></span>ted<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:280.09747px;\">at est<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ed lon<span class=\"_ _0\"></span>g-t<span class=\"_ _0\"></span>erm exchan<span class=\"_ _0\"></span>ge rate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:257.59747px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls73 wsa1\">The assessment of stag<span class=\"_ _0\"></span>e of completion is generally measured for each<span class=\"_ _3\"></span> contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. However<span class=\"_ _f\"></span>, in cert<span class=\"_ _0\"></span>ain cases<span class=\"_ _0\"></span>, such as <span class=\"_ _3\"></span>for Corp<span class=\"_ _0\"></span>orateC<span class=\"_ _0\"></span>are<span class=\"_ _351\"> </span></span><span class=\"ffbd ls73 wsa1\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls9e wsad\" style=\"left:13.294952px; bottom:242.59747px;\">a<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> nu<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m206 h1a ffbd fse fc2 sc0 ls65 ws92\" style=\"left:13.294952px; bottom:227.59763px;\">a <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>foli<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>her, as <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ef<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>St<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>woul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>not <span class=\"_ _2\"></span>dif<span class=\"_ _2\"></span>fer <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m685 h1a ffbd fse fc2 sc0 ls63 wsb1\" style=\"left:13.294952px; bottom:212.59763px;\">the <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>anda<span class=\"_ _0\"></span>rd <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ind<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>dual <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>foli<span class=\"_ _0\"></span>o. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>hen <span class=\"_ _2\"></span>acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>SA<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:197.59763px;\">assum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ions th<span class=\"_ _0\"></span>at refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t the size and comp<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>o.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:175.09763px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span></div><div class=\"t m686 h1a ffbd fse fc2 sc0 ls87 wsb5\" style=\"left:13.294952px; bottom:175.09763px;\">A <span class=\"_ _f\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>/li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>pay<span class=\"_ _0\"></span>ment <span class=\"_ _3\"></span>is <span class=\"_ _f\"></span>rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>in <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>rrea<span class=\"_ _0\"></span>rs/advan<span class=\"_ _0\"></span>ce <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>revenue <span class=\"_ _3\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>in <span class=\"_ _f\"></span>me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ing <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls80 wsae\" style=\"left:13.294952px; bottom:160.09763px;\">obligations.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:137.59763px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">Wh<span class=\"_ _0\"></span>ere mate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>, wa<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e cost<span class=\"_ _0\"></span>s (se<span class=\"_ _0\"></span>e key judgem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s on pag<span class=\"_ _0\"></span>e 115) are reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d as an excepti<span class=\"_ _0\"></span>onal no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g expen<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:107.597626px;\">If the exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>ts to ful<span class=\"_ _0\"></span>fil a contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t excee<span class=\"_ _0\"></span>d the expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted revenu<span class=\"_ _0\"></span>e, a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s provisi<span class=\"_ _0\"></span>on is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed for th<span class=\"_ _0\"></span>e excess cos<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m46f h1a ffbd fse fc2 sc0 ls6a ws9a\" style=\"bottom:77.597626px;\">The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>pays <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ees <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ram<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>manu<span class=\"_ _0\"></span>fac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urers<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>usto<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>for <span class=\"_ _2\"></span>OE<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain <span class=\"_ _2\"></span>prog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aid <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>init<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lscf wsf9\" style=\"bottom:62.597626px;\">t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d as<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> as a re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n to<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span> rev<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> wh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _2\"></span>d to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> cus<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls63 ws97\" style=\"bottom:32.597626px;\">The Group has elected to use the <span class=\"_ _3\"></span>prac<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al expedient to expense as incurred <span class=\"_ _3\"></span>any incremental costs of obtaining or fulfilling a contract if<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:17.597626px;\">the <span class=\"_ _2\"></span>amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>creat<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>woul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _2\"></span>year <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>obt<span class=\"_ _0\"></span>ain <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:2.5976257px;\">bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e shee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, they are amor<span class=\"_ _2\"></span>tis<span class=\"_ _0\"></span>ed over th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ance of th<span class=\"_ _0\"></span>e relate<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t (t<span class=\"_ _0\"></span>wo to 13 years).<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:0.013702393px; bottom:727.568px;\">Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Whether Civil Aer<span class=\"_ _3\"></span>ospace OE and <span class=\"_ _3\"></span>aftermarket contr<span class=\"_ _3\"></span>acts should be combi<span class=\"_ _3\"></span>ned<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:0.013702393px; bottom:712.568px;\">In <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Ci<span class=\"_ _0\"></span>vil <span class=\"_ _2\"></span>Aeros<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>OE <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>sal<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>led <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>ne<span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>rcraf<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>fram<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>whil<span class=\"_ _0\"></span>e <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls16d ws19c\" style=\"left:0.013702393px; bottom:697.568px;\">th<span class=\"_ _f\"></span>e co<span class=\"_ _3\"></span>nt<span class=\"_ _f\"></span>rac<span class=\"_ _3\"></span>ts<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span> pr<span class=\"_ _3\"></span>ov<span class=\"_ _f\"></span>ide<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>sp<span class=\"_ _f\"></span>ar<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>en<span class=\"_ _f\"></span>gi<span class=\"_ _3\"></span>ne<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>an<span class=\"_ _f\"></span>d aft<span class=\"_ _f\"></span>erm<span class=\"_ _f\"></span>ark<span class=\"_ _f\"></span>et<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>goo<span class=\"_ _3\"></span>ds<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>an<span class=\"_ _f\"></span>d se<span class=\"_ _3\"></span>rvi<span class=\"_ _3\"></span>ce<span class=\"_ _f\"></span>s ar<span class=\"_ _f\"></span>e wi<span class=\"_ _3\"></span>th<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>th<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ai<span class=\"_ _f\"></span>rc<span class=\"_ _f\"></span>ra<span class=\"_ _3\"></span>ft op<span class=\"_ _3\"></span>er<span class=\"_ _f\"></span>at<span class=\"_ _3\"></span>or<span class=\"_ _f\"></span>s, al<span class=\"_ _3\"></span>th<span class=\"_ _f\"></span>oug<span class=\"_ _f\"></span>h th<span class=\"_ _3\"></span>er<span class=\"_ _f\"></span>e ma<span class=\"_ _f\"></span>y be<span class=\"_ _3\"></span> </div><div class=\"t m23b h1a ffbd fse fc2 sc0 ls63 ws90\" style=\"left:0.013702393px; bottom:682.56793px;\">interdependencies<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>etween <span class=\"_ _3\"></span>them. <span class=\"_ _f\"></span>I<span class=\"_ _0\"></span>FRS <span class=\"_ _f\"></span>15 <span class=\"_ _3\"></span><span class=\"ffbe ls65 ws92\">Revenue <span class=\"_ _32\"></span>from <span class=\"_ _f\"></span>Contracts <span class=\"_ _3\"></span>with <span class=\"_ _f\"></span>Customers<span class=\"ffbd lsac wsd9\"> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> </span></span><span class=\"ffbe ls65 ws92\"><span class=\"ffbd lsac wsd9\"></span></span><span class=\"ffbe ls65 ws92\"><span class=\"ffbd lsac wsd9\"><span class=\"_ _f\"></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:0.013702393px; bottom:667.56793px;\">in <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>unre<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>sho<span class=\"_ _0\"></span>uld <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>comb<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Not<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hst<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nterd<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>enci<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"left:0.013702393px; bottom:652.56793px;\">consider that <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>engine <span class=\"_ _0\"></span>contract <span class=\"_ _0\"></span>should <span class=\"_ _0\"></span>be <span class=\"_ _0\"></span>considered sep<span class=\"_ _0\"></span>arately from <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>aftermarket <span class=\"_ _0\"></span>contract<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>In <span class=\"_ _0\"></span>making this <span class=\"_ _0\"></span>judgement, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hey<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:0.013702393px; bottom:637.56793px;\">als<span class=\"_ _0\"></span>o too<span class=\"_ _0\"></span>k account of indu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y pra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>e.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:0.013702393px; bottom:602.5759px;\">Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>How performance on <span class=\"_ _3\"></span>long-term aftermarket <span class=\"_ _3\"></span>contracts <span class=\"_ _3\"></span>should be measured<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"left:0.013702393px; bottom:587.5759px;\">The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ates <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>f i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>venue <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>rket <span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>The<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>rket <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>uch <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:0.013702393px; bottom:572.5759px;\">T<span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>are and <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>orp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>Ca<span class=\"_ _0\"></span>re agreeme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he Civi<span class=\"_ _0\"></span>l Aerospac<span class=\"_ _0\"></span>e busines<span class=\"_ _0\"></span>s, cover a <span class=\"_ _3\"></span>ran<span class=\"_ _0\"></span>ge of <span class=\"_ _3\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces and gener<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y have <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual<span class=\"_ _0\"></span> </div><div class=\"t m26e h1a ffbd fse fc2 sc0 ls77 ws9a\" style=\"left:0.013702393px; bottom:557.5761px;\">term<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ore <span class=\"_ _2\"></span>than <span class=\"_ _2\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rima<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>obli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>maint<span class=\"_ _0\"></span>ain <span class=\"_ _2\"></span>cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>\u2019 <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:0.013702393px; bottom:542.5761px;\">an <span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>his <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>achi<span class=\"_ _0\"></span>eved <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>tak<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>us <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>uch <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ntena<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>repai<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>haul<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>engi<span class=\"_ _0\"></span>ne<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"left:0.013702393px; bottom:527.5761px;\">moni<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>ng over the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of the cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Revenue on the<span class=\"_ _0\"></span>se cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is recogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d over the per<span class=\"_ _0\"></span>iod of th<span class=\"_ _0\"></span>e contra<span class=\"_ _0\"></span>ct an<span class=\"_ _0\"></span>d the basis<span class=\"_ _0\"></span> </div><div class=\"t m5db h1a ffbd fse fc2 sc0 ls7f wsad\" style=\"left:0.013702393px; bottom:512.5761px;\">f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> ju<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsb8 wse6\" style=\"left:0.013702393px; bottom:497.5761px;\">by<span class=\"_ _0\"></span> usi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ac<span class=\"_ _2\"></span>tu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> inc<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to<span class=\"_ _0\"></span> dat<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> to com<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> ob<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _2\"></span>, as th<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:0.013702393px; bottom:482.5761px;\">the ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t of comple<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s to be per<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:0.013702393px; bottom:447.5841px;\">Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Whether any <span class=\"_ _3\"></span>costs should be <span class=\"_ _3\"></span>treated as wastage<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls87 ws95\" style=\"left:0.013702393px; bottom:432.5841px;\">In rare circums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up may incur cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of waste<span class=\"_ _0\"></span>d mate<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>, lab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>r or othe<span class=\"_ _0\"></span>r resou<span class=\"_ _0\"></span>rces to fulfi<span class=\"_ _0\"></span>l a <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>re the level<span class=\"_ _0\"></span> of<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsa4 wsd2\" style=\"left:0.013702393px; bottom:417.5841px;\">co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t was<span class=\"_ _0\"></span> not re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of su<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is a mat<span class=\"_ _2\"></span>te<span class=\"_ _0\"></span>r of ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> and wo<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>d onl<span class=\"_ _0\"></span>y b<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsb5 wsab\" style=\"left:0.013702393px; bottom:402.5841px;\">ari<span class=\"_ _0\"></span>se wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>ere has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a <span class=\"_ _3\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ies of abn<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>l event<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch give ri<span class=\"_ _0\"></span>se to a signifi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ant lev<span class=\"_ _0\"></span>el of cos<span class=\"_ _0\"></span>t of a <span class=\"_ _3\"></span>na<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span> that th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span> would<span class=\"_ _0\"></span> </div><div class=\"t m5b7 h1a ffbd fse fc2 sc0 lsc1 wsee\" style=\"left:0.013702393px; bottom:387.58453px;\">n<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> no<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>fl<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> pr<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>E<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>:<span class=\"_ _0\"></span> re<span class=\"_ _2\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m687 h1a ffbd fse fc2 sc0 ls80 wsae\" style=\"left:0.013702393px; bottom:372.58453px;\">regul<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>re<span class=\"_ _0\"></span>quirem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s; <span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>wid<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-ra<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>cross <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>e; <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>cau<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal <span class=\"_ _2\"></span>di<span class=\"_ _0\"></span>srup<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>to<span class=\"_ _351\"> </span> </div><div class=\"t m689 h1a ffbd fse fc2 sc0 ls80 wsae\" style=\"left:0.013702393px; bottom:357.58453px;\">custo<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Simil<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ly, <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>rare <span class=\"_ _2\"></span>circums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant <span class=\"_ _2\"></span>dis<span class=\"_ _0\"></span>rupt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>result<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"left:0.013702393px; bottom:342.58453px;\">per<span class=\"_ _0\"></span>formance of <span class=\"_ _3\"></span>a delivered <span class=\"_ _3\"></span>goo<span class=\"_ _0\"></span>d or service may<span class=\"_ _3\"></span> be treated as<span class=\"_ _3\"></span> a wastage cost. Provis<span class=\"_ _3\"></span>ion is made<span class=\"_ _3\"></span> for any<span class=\"_ _3\"></span> costs identified as wastage<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:0.013702393px; bottom:327.58453px;\">whe<span class=\"_ _0\"></span>n the obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to incur them ari<span class=\"_ _0\"></span>ses \u2013 see no<span class=\"_ _0\"></span>te 21<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:0.013702393px; bottom:292.59253px;\">Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Whether sales of <span class=\"_ _3\"></span>spare engines <span class=\"_ _3\"></span>to joint <span class=\"_ _3\"></span>ventures <span class=\"_ _3\"></span>are at <span class=\"_ _3\"></span>fair value<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls9f wscd\" style=\"left:0.013702393px; bottom:277.59253px;\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> Ae<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> bu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>ai<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t it<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> So<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e of<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"left:0.013702393px; bottom:262.59253px;\">by, joint ve<span class=\"_ _0\"></span>nture <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f wh<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>les <span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ce re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue i<span class=\"_ _0\"></span>s a key <span class=\"_ _0\"></span>jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>The <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls80 wsae\" style=\"left:0.013702393px; bottom:247.59253px;\">that based u<span class=\"_ _3\"></span>pon the terms<span class=\"_ _3\"></span> and conditions<span class=\"_ _3\"></span> of the sales, a<span class=\"_ _3\"></span>nd by com<span class=\"_ _3\"></span>parison to the<span class=\"_ _3\"></span> sales price<span class=\"_ _3\"></span> of spar<span class=\"_ _3\"></span>e engines <span class=\"_ _3\"></span>to other thi<span class=\"_ _3\"></span>rd parties<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls8a wsb7\" style=\"left:0.013702393px; bottom:232.59253px;\">t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e to<span class=\"_ _0\"></span> jo<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fa<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Se<span class=\"_ _2\"></span>e no<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>6 fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o jo<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls153 ws182\" style=\"left:0.013702393px; bottom:217.59253px;\">y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:0.013702393px; bottom:182.60052px;\">Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>When re<span class=\"_ _3\"></span>venue should be <span class=\"_ _3\"></span>recognised in r<span class=\"_ _3\"></span>elation to spar<span class=\"_ _3\"></span>e engine sa<span class=\"_ _3\"></span>les<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls93 wsc1\" style=\"left:0.013702393px; bottom:167.60056px;\">R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> wh<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m68a h1a ffbd fse fc2 sc0 ls7f wsad\" style=\"left:0.013702393px; bottom:152.60101px;\">a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>D<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>j<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> on<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"left:0.013702393px; bottom:137.60101px;\">the <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>relin<span class=\"_ _0\"></span>quish<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>fore, <span class=\"_ _2\"></span>when <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>venue <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oint <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>pas<span class=\"_ _0\"></span>sing <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls177 ws1a7\" style=\"left:0.013702393px; bottom:122.60101px;\">b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> le<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> sa<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls85 wsee\" style=\"left:0.013702393px; bottom:107.60101px;\">s<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> en<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m68b h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"left:0.013702393px; bottom:92.60101px;\">revenu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>osure <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on; <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>ris<span class=\"_ _0\"></span>k <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ama<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>los<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isk <span class=\"_ _2\"></span>from <span class=\"_ _2\"></span>resi<span class=\"_ _0\"></span>dual <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls87 wsb5\" style=\"left:0.013702393px; bottom:77.60101px;\">move<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d will det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span> if and when pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s wil<span class=\"_ _0\"></span>l be mad<span class=\"_ _0\"></span>e from disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> The spa<span class=\"_ _0\"></span>re engin<span class=\"_ _0\"></span>e cap<span class=\"_ _0\"></span>aci<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y that wi<span class=\"_ _0\"></span>ll be mad<span class=\"_ _0\"></span>e avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"left:0.013702393px; bottom:62.601013px;\">to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>fut<span class=\"_ _0\"></span>ure <span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ins <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ubs<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ght <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ubs<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tute <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls80 ws99\" style=\"left:0.013702393px; bottom:47.601013px;\">through<span class=\"_ _3\"></span> the Grou<span class=\"_ _3\"></span>p\u2019s <span class=\"_ _3\"></span>perio<span class=\"_ _0\"></span>d of<span class=\"_ _3\"></span> use. It i<span class=\"_ _3\"></span>s, therefore,<span class=\"_ _3\"></span> appropriate <span class=\"_ _3\"></span>to recogn<span class=\"_ _3\"></span>ise re<span class=\"_ _3\"></span>venue fr<span class=\"_ _3\"></span>om the <span class=\"_ _3\"></span>sale of <span class=\"_ _3\"></span>the spare<span class=\"_ _3\"></span> engines <span class=\"_ _3\"></span>at the poin<span class=\"_ _3\"></span>t<span class=\"_ _351\"> </span> </div><div class=\"t m296 h1a ffbd fse fc2 sc0 ls74 wsa2\" style=\"left:0.013702393px; bottom:32.601013px;\">tha<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>nsf<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>tot<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>4 <span class=\"_ _2\"></span>(2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: <span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6) <span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>arge <span class=\"_ _2\"></span>sp<span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>engi<span class=\"_ _0\"></span>ne <span class=\"_ _2\"></span>sal<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>del<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0 <span class=\"_ _2\"></span>(2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>were <span class=\"_ _2\"></span>so<span class=\"_ _0\"></span>ld <span class=\"_ _2\"></span>to <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m68c h1a ffbd fse fc2 sc0 ls73 ws9a\" style=\"left:0.013702393px; bottom:17.601013px;\">custo<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ual <span class=\"_ _2\"></span>arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ome <span class=\"_ _2\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>pare <span class=\"_ _2\"></span>eng<span class=\"_ _0\"></span>ine <span class=\"_ _2\"></span>cap<span class=\"_ _0\"></span>acit<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>be <span class=\"_ _2\"></span>use<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:0.013702393px; bottom:2.6010132px;\">cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span>d \u00a34<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a311<span class=\"_ _0\"></span>1m) to revenue for th<span class=\"_ _0\"></span>e year<span class=\"_ _3\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:240.25204px; bottom:770.3114px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:836.34924px;\">Key <span class=\"_ _3\"></span>estimate \u2013 <span class=\"_ _3\"></span>Estimates of futur<span class=\"_ _3\"></span>e re<span class=\"_ _f\"></span>venue and costs on <span class=\"_ _3\"></span>long-term contr<span class=\"_ _3\"></span>actual arra<span class=\"_ _3\"></span>ngements<span class=\"_ _351\"> </span></div><div class=\"t m68d h1a ffbd fse fc2 sc0 ls6b ws9a\" style=\"left:13.294952px; bottom:821.34924px;\">The <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>fal<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ds <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>can <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:806.34924px;\">(<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>eral<span class=\"_ _0\"></span>ly up to <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5 years), the most signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant of these are L<span class=\"_ _f\"></span>TS<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s in the Civil Aerosp<span class=\"_ _0\"></span>ace busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h an <span class=\"_ _3\"></span>avera<span class=\"_ _0\"></span>ge remaini<span class=\"_ _0\"></span>ng term of<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:791.3492px;\">aroun<span class=\"_ _0\"></span>d ten <span class=\"_ _0\"></span>year<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>revenue <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are <span class=\"_ _0\"></span>inhe<span class=\"_ _0\"></span>rent<span class=\"_ _0\"></span>ly i<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>cise <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates <span class=\"_ _0\"></span>are re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>: E<span class=\"_ _0\"></span>FHs<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5f ws8c\" style=\"left:13.294952px; bottom:776.3492px;\">t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>-<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>;<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n of<span class=\"_ _0\"></span> fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> cos<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o be<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>; li<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> cos<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls74 wsa2\" style=\"left:13.294952px; bottom:761.3492px;\">improvement<span class=\"_ _0\"></span>s over the term of the contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>; and escal<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of revenue and costs (tha<span class=\"_ _0\"></span>t includes th<span class=\"_ _0\"></span>e impact of infl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n). The impac<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls91 wsbe\" style=\"left:13.294952px; bottom:746.3492px;\">o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> EF<span class=\"_ _2\"></span>H<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> al<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> ma<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> In<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span> on<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls7b wsaa\" style=\"left:13.294952px; bottom:731.3492px;\">of utilisation is <span class=\"_ _3\"></span>included in the f<span class=\"_ _3\"></span>orecast<span class=\"_ _0\"></span>s used. Across <span class=\"_ _3\"></span>the length of the c<span class=\"_ _3\"></span>urrent Civil<span class=\"_ _3\"></span> Aerospace L<span class=\"_ _f\"></span>TSA contract<span class=\"_ _0\"></span>s, allowance has been<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:716.3492px;\">mad<span class=\"_ _0\"></span>e for around a 1% (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: 1%) proje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted cos<span class=\"_ _0\"></span>t increa<span class=\"_ _0\"></span>se resul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g from carb<span class=\"_ _0\"></span>on p<span class=\"_ _0\"></span>ricin<span class=\"_ _0\"></span>g and comm<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y pric<span class=\"_ _0\"></span>e chang<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:693.8492px;\">The <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>low <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mons<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rate <span class=\"_ _0\"></span>how <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns (in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>a resu<span class=\"_ _0\"></span>lt o<span class=\"_ _0\"></span>f cl<span class=\"_ _0\"></span>imate <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge) <span class=\"_ _0\"></span>coul<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>mpac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>vel o<span class=\"_ _0\"></span>f<span class=\"_ _351\"> </span> </div><div class=\"t m1e6 h1a ffbd fse fc2 sc0 ls1b3 ws1e3\" style=\"left:13.294952px; bottom:678.8492px;\">r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> re<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>F<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:663.8492px;\">Sta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s take acco<span class=\"_ _0\"></span>unt of the inhe<span class=\"_ _0\"></span>rent unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>raini<span class=\"_ _0\"></span>ng the exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d level of revenu<span class=\"_ _0\"></span>e as approp<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ate.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:641.3492px;\">Es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>f f<span class=\"_ _0\"></span>utu<span class=\"_ _0\"></span>re LTSA <span class=\"_ _0\"></span>revenu<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin <span class=\"_ _0\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Aero<span class=\"_ _0\"></span>spa<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>re b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>EFH <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>infl<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>over <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:626.3492px;\">recove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he ci<span class=\"_ _0\"></span>vil av<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>indus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y. Final<span class=\"_ _0\"></span>ly, many of th<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>es and <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re den<span class=\"_ _0\"></span>omin<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d in curre<span class=\"_ _0\"></span>ncie<span class=\"_ _0\"></span>s ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>han t<span class=\"_ _0\"></span>hat of t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5f ws8c\" style=\"left:13.294952px; bottom:611.3492px;\">re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at an<span class=\"_ _0\"></span> es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> exc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> rat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on<span class=\"_ _0\"></span> his<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> and<span class=\"_ _0\"></span> ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls64 ws91\" style=\"left:13.294952px; bottom:596.3492px;\">for<span class=\"_ _3\"></span>ecasts.<span class=\"_ _351\"> </span></div><div class=\"t m215 h1a ffbd fse fc2 sc0 ls87 wsb5\" style=\"left:13.294952px; bottom:573.8492px;\">Dur<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>ye<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>, <span class=\"_ _f\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>in <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>Aeros<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>LTSA <span class=\"_ _3\"></span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>result<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>favou<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>atch<span class=\"_ _0\"></span>-u<span class=\"_ _0\"></span>p <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:558.8492px;\">to revenue of \u00a33<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a32<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>4m).<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls66 ws93\" style=\"left:13.294952px; bottom:536.3492px;\">Ba<span class=\"_ _3\"></span>sed<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>upo<span class=\"_ _3\"></span>n th<span class=\"_ _f\"></span>e sta<span class=\"_ _3\"></span>ge<span class=\"_ _3\"></span> of c<span class=\"_ _3\"></span>om<span class=\"_ _3\"></span>pl<span class=\"_ _3\"></span>eti<span class=\"_ _3\"></span>on<span class=\"_ _3\"></span> of<span class=\"_ _3\"></span> all<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>L<span class=\"_ _f\"></span>TSA<span class=\"_ _3\"></span> con<span class=\"_ _3\"></span>tr<span class=\"_ _3\"></span>acts<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>wi<span class=\"_ _3\"></span>th<span class=\"_ _3\"></span>in<span class=\"_ _3\"></span> Civ<span class=\"_ _3\"></span>il<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>Ae<span class=\"_ _3\"></span>ro<span class=\"_ _3\"></span>sp<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>e a<span class=\"_ _3\"></span>s at<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>31<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>Dec<span class=\"_ _3\"></span>em<span class=\"_ _3\"></span>ber<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>2022,<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>th<span class=\"_ _3\"></span>e fo<span class=\"_ _3\"></span>ll<span class=\"_ _3\"></span>ow<span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>g r<span class=\"_ _3\"></span>ea<span class=\"_ _3\"></span>so<span class=\"_ _3\"></span>na<span class=\"_ _3\"></span>bl<span class=\"_ _3\"></span>y<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls9f wscd\" style=\"left:13.294952px; bottom:521.3492px;\">p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> res<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p ad<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> pe<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in wh<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> es<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> (a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:506.34918px;\">unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g rates):<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:21.993301px; bottom:483.84918px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls74 wsa2\">A change in foreca<span class=\"_ _0\"></span>st EFHs of 1% over the remaining term of the cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts woul<span class=\"_ _0\"></span>d impact L<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>SA incom<span class=\"_ _0\"></span>e and to a<span class=\"_ _3\"></span> less<span class=\"_ _0\"></span>er exte<span class=\"_ _0\"></span>nt cost<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span></span><span class=\"ffbd ls74 wsa2\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls8b wsb8\" style=\"left:26.274147px; bottom:468.84918px;\">r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span> in<span class=\"_ _2\"></span>-<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00a3<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> wo<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> be<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> as<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r,<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:26.274147px; bottom:453.84918px;\">it impac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s one<span class=\"_ _0\"></span>rous con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>hin cos<span class=\"_ _0\"></span>t of sales<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:21.993301px; bottom:431.34918px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls6d wscb\">A 2% increa<span class=\"_ _0\"></span>se or decre<span class=\"_ _0\"></span>ase in our prici<span class=\"_ _0\"></span>ng to custom<span class=\"_ _0\"></span>ers over the life of the con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s woul<span class=\"_ _0\"></span>d lead to a r<span class=\"_ _3\"></span>even<span class=\"_ _0\"></span>ue catch<span class=\"_ _0\"></span>-up adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:26.274147px; bottom:416.34918px;\">in the nex<span class=\"_ _0\"></span>t 12 mon<span class=\"_ _0\"></span>ths of around \u00a3<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:21.993301px; bottom:393.84918px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls78 wsa7\">A<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>% in<span class=\"_ _2\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> or<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>p vi<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s ov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e li<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>d to<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ca<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ne<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> </span><span class=\"ffbd ls78 wsa7\"></span><span class=\"ffbd ls78 wsa7\"><span class=\"_ _3\"></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:26.274147px; bottom:378.84918px;\">12 mont<span class=\"_ _0\"></span>hs of around \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:326.34332px;\">Risk and <span class=\"_ _3\"></span>re<span class=\"_ _f\"></span>venue sharing <span class=\"_ _3\"></span>arra<span class=\"_ _3\"></span>ngements (R<span class=\"_ _3\"></span>RSAs)<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls63 ws90\" style=\"bottom:311.34332px;\">Cash entr<span class=\"_ _0\"></span>y fees receive<span class=\"_ _0\"></span>d are <span class=\"_ _3\"></span>initi<span class=\"_ _0\"></span>ally deferred on the balance shee<span class=\"_ _0\"></span>t within trade payables and other liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. They are then r<span class=\"_ _3\"></span>eco<span class=\"_ _0\"></span>gnised<span class=\"_ _0\"></span> </div><div class=\"t m483 h1a ffbd fse fc2 sc0 ls74 wsa2\" style=\"bottom:296.34332px;\">as <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>reduc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ost <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>Indi<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>dual <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ro <span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>unit<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:281.34332px;\">pro<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion com<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ces as each unit is del<span class=\"_ _0\"></span>ivere<span class=\"_ _0\"></span>d and the<span class=\"_ _0\"></span>n reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on a 15<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar st<span class=\"_ _0\"></span>raig<span class=\"_ _0\"></span>ht-line bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:251.34335px;\">The <span class=\"_ _3\"></span>pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts to <span class=\"_ _32\"></span>s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>lier<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>sh<span class=\"_ _0\"></span>ares <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mme <span class=\"_ _3\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _f\"></span>fl<span class=\"_ _0\"></span>ows <span class=\"_ _3\"></span>for their <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>rod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>ost <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>sal<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:236.34335px;\">OE sal<span class=\"_ _0\"></span>es are reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d or as L<span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>A cost<span class=\"_ _0\"></span>s are incurre<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:206.34335px;\">The Group <span class=\"_ _3\"></span>al<span class=\"_ _0\"></span>so has <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>rran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>wi<span class=\"_ _0\"></span>th third <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies who <span class=\"_ _3\"></span>invest in <span class=\"_ _f\"></span>a programm<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>and receive a <span class=\"_ _f\"></span>retu<span class=\"_ _0\"></span>rn <span class=\"_ _3\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>but do <span class=\"_ _f\"></span>no<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span> </div><div class=\"t m68e h1a ffbd fse fc2 sc0 ls60 ws8d\" style=\"bottom:191.34335px;\">unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake <span class=\"_ _2\"></span>deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt <span class=\"_ _2\"></span>wor<span class=\"_ _0\"></span>k <span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>sup<span class=\"_ _0\"></span>ply <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Su<span class=\"_ _0\"></span>ch <span class=\"_ _2\"></span>arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>(finan<span class=\"_ _0\"></span>cial <span class=\"_ _2\"></span>R<span class=\"_ _0\"></span>RS<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s) <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>finan<span class=\"_ _0\"></span>cial <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ned <span class=\"_ _2\"></span>by <span class=\"_ _2\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S <span class=\"_ _2\"></span>32<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbe fse fc2 sc0 ls60 ws8d\" style=\"bottom:176.34335px;\">Financial <span class=\"_ _3\"></span>Instruments: Presen<span class=\"_ _3\"></span>tation<span class=\"ffbd ls5c ws8a\"> and are accounte<span class=\"_ _0\"></span>d for usin<span class=\"_ _0\"></span>g the amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sed co<span class=\"_ _0\"></span>st me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:130.10751px;\">Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Determination of the natur<span class=\"_ _3\"></span>e of en<span class=\"_ _3\"></span>try fees r<span class=\"_ _3\"></span>eceive<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span></div><div class=\"t m250 h1a ffbd fse fc2 sc0 ls6e ws9b\" style=\"left:13.294952px; bottom:115.10751px;\">RR<span class=\"_ _0\"></span>SA<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>ith <span class=\"_ _2\"></span>key <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>rs <span class=\"_ _2\"></span>(wor<span class=\"_ _0\"></span>ks<span class=\"_ _0\"></span>hare <span class=\"_ _2\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>s) <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>feat<span class=\"_ _0\"></span>ure <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>civ<span class=\"_ _0\"></span>il <span class=\"_ _2\"></span>avi<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Und<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsa4 wsd2\" style=\"left:13.294952px; bottom:100.10751px;\">ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e key co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> obj<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> are tha<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>: (i)<span class=\"_ _0\"></span> duri<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g the<span class=\"_ _0\"></span> dev<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt ph<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e wo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> par<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>r sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"left:13.294952px; bottom:85.10751px;\">developing an <span class=\"_ _0\"></span>engine <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rforming <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>own <span class=\"_ _0\"></span>development <span class=\"_ _0\"></span>work, <span class=\"_ _0\"></span>providing <span class=\"_ _0\"></span>development par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>paying a <span class=\"_ _2\"></span>non-refundable c<span class=\"_ _0\"></span>ash<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:70.10751px;\">ent<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y fe<span class=\"_ _0\"></span>e; <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>(ii) dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on p<span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he wo<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>sha<span class=\"_ _0\"></span>re pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>uppl<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n ret<span class=\"_ _0\"></span>urn <span class=\"_ _0\"></span>for a <span class=\"_ _0\"></span>share <span class=\"_ _0\"></span>of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:55.107513px;\">cas<span class=\"_ _0\"></span>h flows as a \u2018lif<span class=\"_ _0\"></span>e of typ<span class=\"_ _0\"></span>e\u2019 sup<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>er (i.<span class=\"_ _0\"></span>e. as lon<span class=\"_ _0\"></span>g as the engin<span class=\"_ _0\"></span>e remains in ser<span class=\"_ _2\"></span>vic<span class=\"_ _0\"></span>e).<span class=\"_ _351\"> </span></div><div class=\"t m1ef h1a ffbd fse fc2 sc0 ls87 ws9a\" style=\"left:13.294952px; bottom:32.607513px;\">The <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>refun<span class=\"_ _0\"></span>dab<span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>ntr<span class=\"_ _2\"></span>y <span class=\"_ _f\"></span>fe<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>is <span class=\"_ _f\"></span>j<span class=\"_ _0\"></span>udg<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>by <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>a contri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>to<span class=\"_ _0\"></span>wards <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ment <span class=\"_ _3\"></span>exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure <span class=\"_ _f\"></span>in<span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m1cb h1a ffbd fse fc2 sc0 ls69 ws96\" style=\"left:13.294952px; bottom:17.607498px;\">r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:2.6074982px;\">on a similar ba<span class=\"_ _0\"></span>sis to the amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of develo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent cos<span class=\"_ _0\"></span>ts \u2013 see pa<span class=\"_ _0\"></span>ge 12<span class=\"_ _0\"></span>0.<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:879.09265px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:547.114px;\">Ro<span class=\"_ _3\"></span>y<span class=\"_ _3\"></span>alty pa<span class=\"_ _f\"></span>yments<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:532.10767px;\">Whe<span class=\"_ _0\"></span>re a <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>overnm<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>sim<span class=\"_ _0\"></span>ila<span class=\"_ _0\"></span>r b<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>prev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>usly <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>nteres<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>in t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>gram<span class=\"_ _0\"></span>me, <span class=\"_ _0\"></span>roya<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:517.10767px;\">are matche<span class=\"_ _0\"></span>d to the relat<span class=\"_ _0\"></span>ed sal<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws3\" style=\"bottom:485.60773px;\">Go<span class=\"_ _3\"></span>vernmen<span class=\"_ _3\"></span>t grants<span class=\"_ _351\"> </span></div><div class=\"t m36e h1a ffbd fse fc2 sc0 ls7a ws61\" style=\"bottom:470.60773px;\">G<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m59f h1a ffbd fse fc2 sc0 ls6a ws97\" style=\"bottom:455.60773px;\">that <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>ey <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>inten<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>grant<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>adv<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hey <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>lly <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>as<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:440.60773px;\">liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s wit<span class=\"_ _0\"></span>hin tra<span class=\"_ _0\"></span>de pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es and ot<span class=\"_ _0\"></span>her l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies an<span class=\"_ _0\"></span>d relea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to match th<span class=\"_ _0\"></span>e relat<span class=\"_ _0\"></span>ed exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ditu<span class=\"_ _0\"></span>re. No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>y grant<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:425.60773px;\">at fair valu<span class=\"_ _0\"></span>e.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:394.10773px;\">Inter<span class=\"_ _3\"></span>est<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:379.10773px;\">Intere<span class=\"_ _0\"></span>st recei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e/payabl<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>is credite<span class=\"_ _0\"></span>d/charged to <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e income stat<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt using <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive interes<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. Where borrow<span class=\"_ _0\"></span>ing cost<span class=\"_ _0\"></span>s are<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:364.10773px;\">at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to the acquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, cons<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on or pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of a qualif<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>, suc<span class=\"_ _0\"></span>h cost<span class=\"_ _0\"></span>s are capi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d as par<span class=\"_ _0\"></span>t of the sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:332.60773px;\">T<span class=\"_ _f\"></span>ax<span class=\"_ _3\"></span>ation<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:317.60773px;\">The t<span class=\"_ _0\"></span>ax charg<span class=\"_ _0\"></span>e/credit on the profi<span class=\"_ _0\"></span>t or loss for th<span class=\"_ _0\"></span>e year comp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es current an<span class=\"_ _0\"></span>d defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:295.10773px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">Cur<span class=\"_ _0\"></span>rent <span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span>paya<span class=\"_ _0\"></span>ble <span class=\"_ _3\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>yea<span class=\"_ _0\"></span>r<span class=\"_ _f\"></span>, using <span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span>rate<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>enac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>sub<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ivel<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>ena<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>at <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ance sheet date, <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>any<span class=\"_ _351\"> </span></span><span class=\"ffbd ls5c ws8a\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:280.10773px;\">adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment to ta<span class=\"_ _0\"></span>x paya<span class=\"_ _0\"></span>ble in respe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of previo<span class=\"_ _0\"></span>us years<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:257.60773px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls7b wsaa\">Deferred tax is provided usi<span class=\"_ _3\"></span>ng the balance sheet liabi<span class=\"_ _3\"></span>lit<span class=\"_ _0\"></span>y method, providing for<span class=\"_ _3\"></span> temporar<span class=\"_ _0\"></span>y differences betwe<span class=\"_ _0\"></span>en the carrying amounts<span class=\"_ _351\"> </span></span><span class=\"ffbd ls7b wsaa\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsc9 wsf5\" style=\"left:13.294952px; bottom:242.60773px;\">of<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> and li<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l rep<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d is ca<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d usi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls15e ws18c\" style=\"left:13.294952px; bottom:227.60773px;\">o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y en<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ar<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y wh<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t or<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y is<span class=\"_ _0\"></span> se<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>. In<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> UK<span class=\"_ _b\"></span>, <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y on<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:212.60773px;\">pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n schem<span class=\"_ _0\"></span>e surpl<span class=\"_ _0\"></span>us is recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d consi<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y wit<span class=\"_ _0\"></span>h the basi<span class=\"_ _0\"></span>s for reco<span class=\"_ _0\"></span>gnisi<span class=\"_ _0\"></span>ng the sur<span class=\"_ _0\"></span>plus i<span class=\"_ _0\"></span>.e<span class=\"_ _0\"></span>. at the rate app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to refunds from<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:197.60773px;\">a trus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls83 wsb1\" style=\"bottom:167.60773px;\">T<span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>x is cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>d or credi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t or OCI as ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>e, exce<span class=\"_ _0\"></span>pt whe<span class=\"_ _0\"></span>n it rela<span class=\"_ _0\"></span>tes to ite<span class=\"_ _0\"></span>ms cred<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d or char<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d direc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly to<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:152.60773px;\">equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in which cas<span class=\"_ _0\"></span>e the ta<span class=\"_ _0\"></span>x is als<span class=\"_ _0\"></span>o dealt wi<span class=\"_ _0\"></span>th in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span></div><div class=\"t m55 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:122.60773px;\">De<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>able <span class=\"_ _2\"></span>temp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>eren<span class=\"_ _0\"></span>ces <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>int <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:107.60773px;\">except <span class=\"_ _0\"></span>whe<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>roup is <span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to <span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>rol t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>revers<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e tem<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y dif<span class=\"_ _2\"></span>feren<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>t is p<span class=\"_ _0\"></span>rob<span class=\"_ _0\"></span>able <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce w<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsb7 wse5\" style=\"bottom:92.60773px;\">n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ve<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> in th<span class=\"_ _2\"></span>e fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e fu<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ta<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> on<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>g on<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> </div><div class=\"t m21a h1a ffbd fse fc2 sc0 ls6a ws97\" style=\"bottom:77.60773px;\">goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rar<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>dif<span class=\"_ _2\"></span>feren<span class=\"_ _0\"></span>ces <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>tha<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:62.607727px;\">comb<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n and that af<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s neit<span class=\"_ _0\"></span>her ac<span class=\"_ _0\"></span>coun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g nor ta<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:32.607727px;\">De<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>nly to t<span class=\"_ _0\"></span>he ex<span class=\"_ _2\"></span>tent t<span class=\"_ _0\"></span>hat it <span class=\"_ _0\"></span>is pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le t<span class=\"_ _0\"></span>hat fu<span class=\"_ _0\"></span>ture t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hich in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de th<span class=\"_ _0\"></span>e rever<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:17.607727px;\">temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, will be availab<span class=\"_ _0\"></span>le agains<span class=\"_ _0\"></span>t which the asse<span class=\"_ _0\"></span>ts can be uti<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. F<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her det<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s on the Group\u2019s tax po<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion can be found<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:2.607727px;\">on pag<span class=\"_ _0\"></span>e 133<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:578.28015px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:942.84924px;\">Key <span class=\"_ _3\"></span>estimate \u2013 <span class=\"_ _3\"></span>Estimates necessary to <span class=\"_ _3\"></span>assess whether it <span class=\"_ _3\"></span>is probable <span class=\"_ _3\"></span>that sufficient <span class=\"_ _3\"></span>suitable taxa<span class=\"_ _3\"></span>ble profits <span class=\"_ _3\"></span>will arise in <span class=\"_ _3\"></span>the UK to<span class=\"_ _351\"> </span> </div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:927.84924px;\">utilise the <span class=\"_ _3\"></span>deferred tax assets <span class=\"_ _3\"></span>recognised<span class=\"_ _351\"> </span></div><div class=\"t m45d h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:912.84924px;\">De<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nly <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>tent <span class=\"_ _2\"></span>it <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>that <span class=\"_ _2\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>ll <span class=\"_ _2\"></span>be <span class=\"_ _2\"></span>avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le, <span class=\"_ _2\"></span>ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lscf wsf9\" style=\"left:13.294952px; bottom:897.8492px;\">d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span> ut<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ta<span class=\"_ _2\"></span>x as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00a3<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>re<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span> ta<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:882.8492px;\">los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Fur<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r det<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s are includ<span class=\"_ _0\"></span>ed in note 5<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m208 h1a ffbd fse fc2 sc0 ls92 wsbf\" style=\"left:13.294952px; bottom:860.3492px;\">In <span class=\"_ _3\"></span>addi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span>into <span class=\"_ _3\"></span>ac<span class=\"_ _0\"></span>count <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>seve<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>bu<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>lau<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>owns<span class=\"_ _0\"></span>ide <span class=\"_ _3\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st <span class=\"_ _3\"></span>(se<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ow), <span class=\"_ _3\"></span>the climate<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:845.3492px;\">(set out <span class=\"_ _3\"></span>on page<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>0 to <span class=\"_ _f\"></span>1<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>) <span class=\"_ _3\"></span>have also bee<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red when asses<span class=\"_ _0\"></span>sing the recoverab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red tax asset<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Reco<span class=\"_ _0\"></span>gnisi<span class=\"_ _0\"></span>ng the<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls83 wsbc\" style=\"left:13.294952px; bottom:830.3492px;\">lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r term<span class=\"_ _0\"></span>s over which<span class=\"_ _0\"></span> thes<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s will be<span class=\"_ _0\"></span> recovere<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up has con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d the ris<span class=\"_ _0\"></span>k that reg<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s coul<span class=\"_ _0\"></span>d mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>lly<span class=\"_ _0\"></span> </div><div class=\"t m68f h1a ffbd fse fc2 sc0 ls60 ws8d\" style=\"left:13.294952px; bottom:815.3492px;\">impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>eman<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>our <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>shif<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>cus <span class=\"_ _2\"></span>tow<span class=\"_ _0\"></span>ards <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>re <span class=\"_ _2\"></span>sust<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>sol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>clim<span class=\"_ _0\"></span>ate <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"left:13.294952px; bottom:800.3492px;\">scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os prepa<span class=\"_ _0\"></span>red do not indic<span class=\"_ _0\"></span>ate a signifi<span class=\"_ _0\"></span>cant de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>iora<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on in demand or pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y for Civ<span class=\"_ _0\"></span>il Aerospa<span class=\"_ _0\"></span>ce prog<span class=\"_ _0\"></span>ramme<span class=\"_ _0\"></span>s given that<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:785.3492px;\">all comm<span class=\"_ _0\"></span>ercial ae<span class=\"_ _0\"></span>ro-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es will be co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le wit<span class=\"_ _0\"></span>h sust<span class=\"_ _0\"></span>aina<span class=\"_ _0\"></span>ble fu<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s by the end of 202<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t mc7 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:762.8492px;\">Whil<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on and <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>mmo<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g <span class=\"_ _f\"></span>may put <span class=\"_ _f\"></span>pre<span class=\"_ _0\"></span>ssure <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _3\"></span>new <span class=\"_ _3\"></span>sup<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>er <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>of<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>the<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:747.8492px;\">opp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tuni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to receive val<span class=\"_ _0\"></span>ue for more ef<span class=\"_ _2\"></span>ficie<span class=\"_ _0\"></span>nt and sus<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le produ<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m55c h1a ffbd fse fc2 sc0 ls87 wsb5\" style=\"left:13.294952px; bottom:725.3492px;\">Mac<span class=\"_ _0\"></span>ro-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inue <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>result in <span class=\"_ _f\"></span>unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>over <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>ema<span class=\"_ _0\"></span>nd <span class=\"_ _3\"></span>acros<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>civ<span class=\"_ _0\"></span>il <span class=\"_ _f\"></span>av<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>ndus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y. <span class=\"_ _f\"></span>A<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>ex<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:710.3492px;\">in note <span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>a 25% probab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>ere being a <span class=\"_ _3\"></span>seve<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>bu<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>pl<span class=\"_ _0\"></span>ausi<span class=\"_ _0\"></span>ble downs<span class=\"_ _0\"></span>ide forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t in <span class=\"_ _f\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>to the civil aviati<span class=\"_ _0\"></span>on indus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y has been<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:695.3492px;\">take<span class=\"_ _0\"></span>n into accoun<span class=\"_ _0\"></span>t in the asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of the recove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of the UK de<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls73 wsa1\" style=\"left:13.294952px; bottom:672.8492px;\">The estimates take account of the <span class=\"_ _3\"></span>inherent uncer<span class=\"_ _0\"></span>tainties cons<span class=\"_ _0\"></span>training the expecte<span class=\"_ _0\"></span>d level of <span class=\"_ _3\"></span>profit as appropriate. Changes in these<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls77 wsa5\" style=\"left:13.294952px; bottom:657.8492px;\">est<span class=\"_ _0\"></span>imates will af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t future profit<span class=\"_ _0\"></span>s and, therefore, the recoverabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the deferred ta<span class=\"_ _0\"></span>x asset<span class=\"_ _0\"></span>s. The foll<span class=\"_ _0\"></span>owing sensit<span class=\"_ _0\"></span>ivit<span class=\"_ _0\"></span>ies have been<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:642.8492px;\">mo<span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>ed to dem<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ate the imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of change<span class=\"_ _0\"></span>s in assumpt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns on the recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of def<span class=\"_ _0\"></span>erre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:21.993301px; bottom:620.3492px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">A 5% change in margin in the main Ci<span class=\"_ _0\"></span>vil Aero<span class=\"_ _0\"></span>spa<span class=\"_ _0\"></span>ce large en<span class=\"_ _0\"></span>gine pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mmes<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:21.993301px; bottom:597.8492px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">A 5% change in the numb<span class=\"_ _0\"></span>er of shop vis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s drive<span class=\"_ _0\"></span>n by EFHs<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:21.993301px; bottom:575.3492px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">A<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fro<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>clima<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ass <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hroug<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls87 wsb5\" style=\"left:26.274147px; bottom:560.3492px;\">thro<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t ma5 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"left:13.294952px; bottom:530.3492px;\">All <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>coul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>dri<span class=\"_ _0\"></span>ven <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>numb<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>fa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ors<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>clim<span class=\"_ _0\"></span>ate <span class=\"_ _2\"></span>chang<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>pag<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>11<span class=\"_ _0\"></span>0 <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>12 <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:515.3492px;\">chang<span class=\"_ _0\"></span>es in forei<span class=\"_ _0\"></span>gn exchang<span class=\"_ _0\"></span>e rates<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls15e ws18c\" style=\"left:13.294952px; bottom:492.84918px;\">A 5%<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> sh<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> vi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s (w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> dr<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> by<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> EF<span class=\"_ _0\"></span>H<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>/<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:477.84918px;\">dec<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>e in the defe<span class=\"_ _0\"></span>rred ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et of aroun<span class=\"_ _0\"></span>d \u00a313<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsb5 ws9a\" style=\"left:13.294952px; bottom:455.34918px;\">If onl<span class=\"_ _0\"></span>y 9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% of assu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d fut<span class=\"_ _0\"></span>ure cos<span class=\"_ _0\"></span>t incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span> chang<span class=\"_ _0\"></span>e are pas<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on to cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, this<span class=\"_ _0\"></span> woul<span class=\"_ _0\"></span>d result<span class=\"_ _0\"></span> in a <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e in the<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:440.34918px;\">defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>t of around \u00a3<span class=\"_ _0\"></span>50<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, and if carb<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s were to double<span class=\"_ _0\"></span>, this woul<span class=\"_ _0\"></span>d be \u00a38<span class=\"_ _0\"></span>0m<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:387.84332px;\">F<span class=\"_ _3\"></span>oreign <span class=\"_ _3\"></span>currency <span class=\"_ _3\"></span>transla<span class=\"_ _3\"></span>tion<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls63 ws90\" style=\"bottom:372.84335px;\">T<span class=\"_ _f\"></span>ransa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ions denominate<span class=\"_ _0\"></span>d in c<span class=\"_ _3\"></span>urrencies othe<span class=\"_ _0\"></span>r than the functio<span class=\"_ _0\"></span>nal currency of the transact<span class=\"_ _0\"></span>ing group undert<span class=\"_ _0\"></span>aking are translated into the<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:357.84335px;\">func<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>curren<span class=\"_ _0\"></span>cy <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>avera<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>thl<span class=\"_ _0\"></span>y exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>whe<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>curs<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Mo<span class=\"_ _0\"></span>net<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>y a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>omina<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsd0 wsfa\" style=\"bottom:342.84335px;\">f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e ra<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ye<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r en<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls63 ws90\" style=\"bottom:327.84335px;\">on foreign ex<span class=\"_ _3\"></span>change trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions and the retranslat<span class=\"_ _0\"></span>ion of moneta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y asset<span class=\"_ _0\"></span>s and liabilities into functio<span class=\"_ _0\"></span>nal currencies at <span class=\"_ _3\"></span>the rate prevailing<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:312.84335px;\">at the year end are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in profit<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>oss) be<span class=\"_ _0\"></span>fore ta<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:282.84335px;\">The tradin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>resul<span class=\"_ _0\"></span>ts of <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup under<span class=\"_ _2\"></span>tak<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>ansl<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>into sterl<span class=\"_ _0\"></span>ing at <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he average exchange rates <span class=\"_ _3\"></span>for the <span class=\"_ _3\"></span>year. <span class=\"_ _f\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s and <span class=\"_ _f\"></span>l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span> </div><div class=\"t me9 h1a ffbd fse fc2 sc0 ls73 wsa1\" style=\"bottom:267.84335px;\">of <span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>fai<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lue <span class=\"_ _2\"></span>adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>ari<span class=\"_ _0\"></span>sing <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>cqui<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ansl<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tes </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls68 ws95\" style=\"bottom:252.84335px;\">pre<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ng at th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> aris<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g from<span class=\"_ _0\"></span> the ret<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of the<span class=\"_ _0\"></span> ope<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g ne<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> and fro<span class=\"_ _0\"></span>m the<span class=\"_ _0\"></span> tran<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:237.84335px;\">profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or loss<span class=\"_ _0\"></span>es at average ra<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, are recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in OCI<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:206.34335px;\">Discontinued oper<span class=\"_ _3\"></span>ations <span class=\"_ _3\"></span>and busines<span class=\"_ _3\"></span>s disposa<span class=\"_ _3\"></span>ls<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls81 wsaf\" style=\"bottom:191.34335px;\">A di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> is de<span class=\"_ _2\"></span>fin<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span> 5<span class=\"ffbe ls60 ws8d\"> <span class=\"_ _3\"></span>Non-current <span class=\"_ _f\"></span>A<span class=\"_ _0\"></span>ssets <span class=\"_ _3\"></span>Held f<span class=\"_ _3\"></span>or Sale<span class=\"_ _3\"></span> and<span class=\"_ _3\"></span> Discontin<span class=\"_ _3\"></span>ued <span class=\"_ _3\"></span>Op<span class=\"_ _0\"></span>erations<span class=\"ffbd ls81 wsaf\"> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> of an<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> </span></span><span class=\"ffbe ls60 ws8d\"><span class=\"ffbd ls81 wsaf\"></span></span><span class=\"ffbe ls60 ws8d\"><span class=\"ffbd ls81 wsaf\"><span class=\"_ _3\"></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5d ws2\" style=\"bottom:176.34335px;\">t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> has<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> dis<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f or<span class=\"_ _0\"></span> is cl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> as he<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r sa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> of bu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> or ge<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> of op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"bottom:161.34335px;\">is part of a single<span class=\"_ _3\"></span> co-<span class=\"_ _0\"></span>ordinated plan to dispose of<span class=\"_ _3\"></span> such a line<span class=\"_ _3\"></span> of business or <span class=\"_ _3\"></span>is a subsidiary acquired ex<span class=\"_ _3\"></span>clusively with a view <span class=\"_ _3\"></span>to resale. The<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:146.34335px;\">result<span class=\"_ _0\"></span>s of disco<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s are required to be pres<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d sep<span class=\"_ _0\"></span>arat<span class=\"_ _0\"></span>ely in the inc<span class=\"_ _0\"></span>ome st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _351\"> </span></div><div class=\"t m48d h1a ffbd fse fc2 sc0 ls240 ws247\" style=\"bottom:123.84335px;\">A<span class=\"_ _3\"></span>s<span class=\"_ _f\"></span>se<span class=\"_ _32\"></span>ts<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _f\"></span>d<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>bu<span class=\"_ _32\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>s<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>s<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>fi<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _f\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>o<span class=\"_ _f\"></span>r<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sa<span class=\"_ _32\"></span>l<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>w<span class=\"_ _3\"></span>h<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _f\"></span>he<span class=\"_ _32\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>rr<span class=\"_ _f\"></span>yi<span class=\"_ _32\"></span>n<span class=\"_ _3\"></span>g<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>mo<span class=\"_ _32\"></span>u<span class=\"_ _3\"></span>n<span class=\"_ _f\"></span>ts<span class=\"_ _32\"></span> <span class=\"_ _2\"></span>w<span class=\"_ _3\"></span>i<span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>b<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>r<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _f\"></span>e<span class=\"_ _f\"></span>r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _f\"></span>h<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>u<span class=\"_ _f\"></span>g<span class=\"_ _3\"></span>h<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>s<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>r<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>h<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>h<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _f\"></span>h<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>u<span class=\"_ _f\"></span>g<span class=\"_ _3\"></span>h<span class=\"_ _f\"></span> <span class=\"_ _2\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls63 ws90\" style=\"bottom:108.84335px;\">continuing use.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:62.6075px;\">Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>The assets, liabilities <span class=\"_ _3\"></span>and associated consolidation <span class=\"_ _3\"></span>adjustments of the <span class=\"_ _3\"></span>ITP Aero <span class=\"_ _3\"></span>business r<span class=\"_ _3\"></span>ecognised on disposal<span class=\"_ _351\"> </span></div><div class=\"t m691 h1a ffbd fse fc2 sc0 ls73 ws9a\" style=\"left:13.294952px; bottom:47.6075px;\">In <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tif<span class=\"_ _2\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orm <span class=\"_ _2\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>IT<span class=\"_ _0\"></span>P <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>ero <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m692 h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"left:13.294952px; bottom:32.6075px;\">consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>asso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>eet <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>cri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>be <span class=\"_ _2\"></span>cl<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>thin <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>group<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The<span class=\"_ _0\"></span> <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:17.607498px;\">cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>sal <span class=\"_ _0\"></span>grou<span class=\"_ _0\"></span>p are <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ose <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>group\u2019s <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:2.6074982px;\">and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. F<span class=\"_ _3\"></span>ur<span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>r det<span class=\"_ _0\"></span>ail can be fo<span class=\"_ _0\"></span>und in note 27.<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:985.59265px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:914.614px;\">Financial <span class=\"_ _3\"></span>instrumen<span class=\"_ _3\"></span>ts \u2013 Cla<span class=\"_ _3\"></span>ssification <span class=\"_ _3\"></span>and mea<span class=\"_ _3\"></span>suremen<span class=\"_ _3\"></span>t<span class=\"_ _351\"> </span></div><div class=\"t m34a h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:899.60767px;\">Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>ly <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>quiv<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t-ter<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(fo<span class=\"_ _0\"></span>reign <span class=\"_ _2\"></span>excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:884.60767px;\">comm<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and intere<span class=\"_ _0\"></span>st rate con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s), and lis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d and unlis<span class=\"_ _0\"></span>ted inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:862.10767px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls79 wsa8\">T<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s are<span class=\"_ _0\"></span> cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ei<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r as<span class=\"_ _0\"></span> hel<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to col<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at amo<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> cos<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>, or as<span class=\"_ _0\"></span> hel<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to col<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l an<span class=\"_ _0\"></span>d me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at<span class=\"_ _351\"> </span></span><span class=\"ffbd ls79 wsa8\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"left:13.294952px; bottom:847.1077px;\">fair <span class=\"_ _3\"></span>valu<span class=\"_ _0\"></span>e, <span class=\"_ _f\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h <span class=\"_ _f\"></span>move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span>in <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _f\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _3\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>throu<span class=\"_ _0\"></span>gh <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>mpreh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve <span class=\"_ _f\"></span>in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>(F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI<span class=\"_ _0\"></span>). <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _3\"></span>may <span class=\"_ _f\"></span>se<span class=\"_ _0\"></span>ll <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5f ws8c\" style=\"left:13.294952px; bottom:832.1077px;\">du<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>ai<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> due<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> An<span class=\"_ _0\"></span>y tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> suc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>us<span class=\"_ _2\"></span>to<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t so<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> rep<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g da<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:817.1077px;\">cla<span class=\"_ _0\"></span>ssifi<span class=\"_ _0\"></span>ed as \u2018<span class=\"_ _0\"></span>hel<span class=\"_ _0\"></span>d to colle<span class=\"_ _0\"></span>ct and se<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>\u2019.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:794.6077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd lsc1 wsee\">C<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> ba<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>t-<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>)<span class=\"_ _2\"></span> </span><span class=\"ffbd lsc1 wsee\"></span><span class=\"ffbd lsc1 wsee\"></span><span class=\"ffbd lsc1 wsee\"><span class=\"_ _3\"></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls2c ws52\" style=\"left:13.294952px; bottom:779.6077px;\">a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>t-<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>j<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>t-<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls83 wsb1\" style=\"left:13.294952px; bottom:764.6077px;\">at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Mo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>y marke<span class=\"_ _0\"></span>t fund<span class=\"_ _0\"></span>s are meas<span class=\"_ _0\"></span>ured<span class=\"_ _0\"></span> at fair val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h movem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt as<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:749.6077px;\">a profit or los<span class=\"_ _0\"></span>s (F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>PL)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:727.1077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">De<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ives an<span class=\"_ _0\"></span>d unlist<span class=\"_ _0\"></span>ed inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are measure<span class=\"_ _0\"></span>d at FV<span class=\"_ _0\"></span>PL<span class=\"_ _2\"></span>. The Com<span class=\"_ _0\"></span>pany has ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to mea<span class=\"_ _0\"></span>sure its li<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>d invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s at FVO<span class=\"_ _0\"></span>CI<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:697.1077px;\">Fina<span class=\"_ _0\"></span>ncial li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies pr<span class=\"_ _0\"></span>imar<span class=\"_ _0\"></span>ily con<span class=\"_ _0\"></span>sist of tra<span class=\"_ _0\"></span>de paya<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>, deri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, financi<span class=\"_ _0\"></span>al RR<span class=\"_ _0\"></span>SA<span class=\"_ _0\"></span>s and C Shares<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:674.6077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">De<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ives are cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d and measu<span class=\"_ _0\"></span>red at F<span class=\"_ _0\"></span>VP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:652.1077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">All ot<span class=\"_ _0\"></span>her fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies are cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d and measure<span class=\"_ _0\"></span>d at amor<span class=\"_ _2\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:620.6077px;\">Financial <span class=\"_ _3\"></span>instrumen<span class=\"_ _3\"></span>ts \u2013 Impairmen<span class=\"_ _3\"></span>t of fina<span class=\"_ _3\"></span>ncial a<span class=\"_ _3\"></span>ssets <span class=\"_ _3\"></span>and con<span class=\"_ _3\"></span>tract a<span class=\"_ _3\"></span>ssets<span class=\"_ _351\"> </span></div><div class=\"t m693 h1a ffbd fse fc2 sc0 ls6e ws9b\" style=\"bottom:605.6077px;\">IFR<span class=\"_ _0\"></span>S <span class=\"_ _2\"></span>9 <span class=\"_ _0\"></span><span class=\"ffbe lsaa wsd7\">Financial <span class=\"_ _0\"></span>Instruments</span><span class=\"ls9b wsc8\"> <span class=\"_ _0\"></span>se<span class=\"_ _f\"></span>ts<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>th<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ba<span class=\"_ _f\"></span>si<span class=\"_ _f\"></span>s<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>th<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ac<span class=\"_ _f\"></span>co<span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>of<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>E<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>Ls<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>on<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>fin<span class=\"_ _f\"></span>an<span class=\"_ _f\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>as<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ts<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>on<span class=\"_ _f\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ct<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>as<span class=\"_ _f\"></span>se<span class=\"_ _f\"></span>ts<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>r<span class=\"_ _f\"></span>es<span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>ti<span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>g<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>fr<span class=\"_ _32\"></span>om<span class=\"_ _f\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></span></div><div class=\"t m354 h1a ffbd fse fc2 sc0 ls7c wsa6\" style=\"bottom:590.6077px;\">t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>I<span class=\"_ _b\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _2\"></span>S<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>1<span class=\"_ _b\"></span>5<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>fi<span class=\"_ _b\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>E<span class=\"_ _0\"></span>C<span class=\"_ _2\"></span>L<span class=\"_ _b\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m18c h1a ffbd fse fc2 sc0 ls73 wsa1\" style=\"bottom:575.6077px;\">at <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>prob<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>amou<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>able <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>supp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>info<span class=\"_ _0\"></span>rmat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>event<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrent <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ions <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span> <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m669 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"bottom:560.6077px;\">fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>fut<span class=\"_ _0\"></span>ure <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omic <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>custo<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>sim<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>opt<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>dit <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:545.6077px;\">which a<span class=\"_ _0\"></span>re publ<span class=\"_ _0\"></span>icly <span class=\"_ _0\"></span>avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, o<span class=\"_ _0\"></span>r throu<span class=\"_ _0\"></span>gh int<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al ris<span class=\"_ _0\"></span>k ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ved u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>\u2019s l<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>t avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al info<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span> </div><div class=\"t m2dc h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"bottom:530.6077px;\">ECLs <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>at <span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>credi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sk <span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ial <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. <span class=\"_ _2\"></span>ECL<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:515.6077px;\">ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s in scop<span class=\"_ _0\"></span>e, rega<span class=\"_ _0\"></span>rdles<span class=\"_ _0\"></span>s of whet<span class=\"_ _0\"></span>her or not th<span class=\"_ _0\"></span>ey are overdue<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:484.10773px;\">Financial <span class=\"_ _3\"></span>instrumen<span class=\"_ _3\"></span>ts \u2013 Hedge acc<span class=\"_ _3\"></span>ounting<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:469.10773px;\">For<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd foreign exchange cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s and commo<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y swap<span class=\"_ _0\"></span>s (deriv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve financi<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s) <span class=\"_ _3\"></span>are held to <span class=\"_ _3\"></span>ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>e the <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ash flow exposu<span class=\"_ _0\"></span>res<span class=\"_ _351\"> </span> </div><div class=\"t m694 h1a ffbd fse fc2 sc0 ls6a ws97\" style=\"bottom:454.10773px;\">of <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ast <span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>foreig<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>ncie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>or <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mmo<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vely. <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>alif<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>for<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b wsa1\" style=\"bottom:439.10773px;\">hedge <span class=\"_ _f\"></span>accounting <span class=\"_ _f\"></span>when: <span class=\"_ _32\"></span>(i) <span class=\"_ _f\"></span>there <span class=\"_ _f\"></span>is <span class=\"_ _32\"></span>a <span class=\"_ _3\"></span>formal <span class=\"_ _f\"></span>designation <span class=\"_ _32\"></span>and <span class=\"_ _f\"></span>do<span class=\"_ _0\"></span>cumentation <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>hedging <span class=\"_ _f\"></span>relationship <span class=\"_ _32\"></span>and <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup\u2019<span class=\"_ _3\"></span>s <span class=\"_ _f\"></span>risk <span class=\"_ _f\"></span>management<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:424.10773px;\">obje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve and st<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>gy for und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e hedg<span class=\"_ _0\"></span>e at the ince<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on of the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e; and (ii) the hed<span class=\"_ _0\"></span>ge is expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to be ef<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:394.10773px;\">In gene<span class=\"_ _0\"></span>ral<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up has chose<span class=\"_ _0\"></span>n to not apply hed<span class=\"_ _0\"></span>ge acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing in respe<span class=\"_ _0\"></span>ct of the<span class=\"_ _0\"></span>se expo<span class=\"_ _0\"></span>sures<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls65 ws8a\" style=\"bottom:364.10773px;\">The Group econo<span class=\"_ _0\"></span>mical<span class=\"_ _0\"></span>ly hedge<span class=\"_ _0\"></span>s the fair value and cash flow e<span class=\"_ _3\"></span>xp<span class=\"_ _0\"></span>osures of its borrowin<span class=\"_ _0\"></span>gs. Cross-<span class=\"_ _0\"></span>currenc<span class=\"_ _0\"></span>y interest rate swaps are held to<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:349.10773px;\">mana<span class=\"_ _0\"></span>ge t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>r ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sures o<span class=\"_ _0\"></span>f b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs de<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>minate<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n fore<span class=\"_ _0\"></span>ign c<span class=\"_ _0\"></span>urren<span class=\"_ _0\"></span>cies <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>are de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d as <span class=\"_ _0\"></span>fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span> </div><div class=\"t m695 h1a ffbd fse fc2 sc0 ls6e ws9b\" style=\"bottom:334.1077px;\">or <span class=\"_ _2\"></span>cash <span class=\"_ _2\"></span>fl<span class=\"_ _0\"></span>ow <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te. <span class=\"_ _2\"></span>Inte<span class=\"_ _0\"></span>rest <span class=\"_ _2\"></span>rat<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>wap<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ld <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>inte<span class=\"_ _0\"></span>rest <span class=\"_ _2\"></span>rat<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ures <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>xed <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ting <span class=\"_ _2\"></span>ra<span class=\"_ _0\"></span>te <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:319.1077px;\">bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs and may be de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d as fair valu<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ges or ca<span class=\"_ _0\"></span>sh flow he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s as appro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. If the sw<span class=\"_ _0\"></span>aps are not desi<span class=\"_ _0\"></span>gnat<span class=\"_ _0\"></span>ed as fai<span class=\"_ _0\"></span>r value<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:304.1077px;\">or cash fl<span class=\"_ _0\"></span>ow hed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>, the e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omic ef<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t is inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in the under<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing result<span class=\"_ _0\"></span>s \u2013 see note 2<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls78 wsa7\" style=\"bottom:274.1077px;\">C<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fa<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> he<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> st<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fa<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls74 wsa2\" style=\"bottom:259.1077px;\">value chang<span class=\"_ _0\"></span>es of ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve cash flow hed<span class=\"_ _0\"></span>ge deri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves are recognise<span class=\"_ _0\"></span>d in OCI and subse<span class=\"_ _0\"></span>quent<span class=\"_ _0\"></span>ly recycle<span class=\"_ _0\"></span>d to the income st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt in the<span class=\"_ _351\"> </span> </div><div class=\"t m696 h1a ffbd fse fc2 sc0 ls8c wsb9\" style=\"bottom:244.1077px;\">s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _b\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>fl<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>f<span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>A<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:229.1077px;\">in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls177 ws1a7\" style=\"bottom:199.1077px;\">H<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> or<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> so<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> lo<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:184.1077px;\">acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>At <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow <span class=\"_ _0\"></span>hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>if <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>remain<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>any <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>t cu<span class=\"_ _0\"></span>mula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>gain <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r l<span class=\"_ _0\"></span>oss <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>the<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls73 wsa1\" style=\"bottom:169.1077px;\">hedging inst<span class=\"_ _0\"></span>rument recognised in SOCIE is retained until the forecast transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n occurs. If a hedged transac<span class=\"_ _0\"></span>tion is no longer expec<span class=\"_ _0\"></span>ted<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:154.1077px;\">to occur, <span class=\"_ _3\"></span>the ne<span class=\"_ _0\"></span>t cumula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve gain or loss is rec<span class=\"_ _0\"></span>ycle<span class=\"_ _0\"></span>d to the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:122.6077px;\">Financial <span class=\"_ _3\"></span>instrumen<span class=\"_ _3\"></span>ts \u2013 R<span class=\"_ _3\"></span>eplacement of <span class=\"_ _3\"></span>benchmark inter<span class=\"_ _f\"></span>est ra<span class=\"_ _3\"></span>tes<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls16f ws19e\" style=\"bottom:107.6077px;\">In<span class=\"_ _0\"></span> Aug<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> Pha<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e 2 of IB<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> ref<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span> wa<span class=\"_ _0\"></span>s pub<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> ef<span class=\"_ _2\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span> 1 <span class=\"_ _3\"></span>J<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>. Th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>dm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s ad<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> iss<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"bottom:92.6077px;\">implementation of <span class=\"_ _0\"></span>the reforms <span class=\"_ _0\"></span>including<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>replacement of o<span class=\"_ _0\"></span>ne benchmark <span class=\"_ _0\"></span>with <span class=\"_ _0\"></span>an alternative one. <span class=\"_ _0\"></span>The <span class=\"_ _0\"></span>Phase 2 <span class=\"_ _0\"></span>amendments <span class=\"_ _0\"></span>provide<span class=\"_ _351\"> </span> </div><div class=\"t m697 h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"bottom:77.6077px;\">add<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ief<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>from <span class=\"_ _2\"></span>app<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9 <span class=\"_ _0\"></span><span class=\"ffbe ls72 wsa0\">Financial <span class=\"_ _0\"></span>Inst<span class=\"_ _0\"></span>ruments: <span class=\"_ _0\"></span>Recognition <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>Measurement</span><span class=\"ls181 ws1b3\"> an<span class=\"_ _f\"></span>d<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>IF<span class=\"_ _f\"></span>RS<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>9<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>he<span class=\"_ _f\"></span>dg<span class=\"_ _f\"></span>e <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:62.607697px;\">acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing requi<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts to he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g relat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>nship<span class=\"_ _0\"></span>s direc<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y af<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed by IBO<span class=\"_ _0\"></span>R refo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m610 h1a ffbd fse fc2 sc0 ls88 wsa6\" style=\"bottom:32.607697px;\">A<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>\u2019<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>L<span class=\"_ _2\"></span>I<span class=\"_ _2\"></span>B<span class=\"_ _2\"></span>O<span class=\"_ _2\"></span>R<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>U<span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>D<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>L<span class=\"_ _2\"></span>I<span class=\"_ _2\"></span>B<span class=\"_ _b\"></span>O<span class=\"_ _0\"></span>R<span class=\"_ _b\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _b\"></span> <span class=\"_ _32\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls1b3 ws1e3\" style=\"bottom:17.607697px;\">t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> ce<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> un<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> re<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span> fin<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:2.6076965px;\">cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is in progres<span class=\"_ _0\"></span>s at the bal<span class=\"_ _0\"></span>ance she<span class=\"_ _0\"></span>et dat<span class=\"_ _0\"></span>e.<span class=\"_ _351\"> </span> </div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:945.78015px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div>Business <span class=\"_ _3\"></span>combinations <span class=\"_ _3\"></span>and goodwill<span class=\"_ _351\"> </span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d repre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he exc<span class=\"_ _0\"></span>ess o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on over <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>fai<span class=\"_ _0\"></span>r valu<span class=\"_ _0\"></span>e to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e net <span class=\"_ _0\"></span>of<span class=\"_ _351\"> </span>the <span class=\"_ _2\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>able <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>acq<span class=\"_ _0\"></span>uired <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>O<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ransi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>1 <span class=\"_ _2\"></span>Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>busi<span class=\"_ _0\"></span>ness <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>were <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>not<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>ret<span class=\"_ _3\"></span>ros<span class=\"_ _3\"></span>pective<span class=\"_ _3\"></span>ly ad<span class=\"_ _3\"></span>jus<span class=\"_ _3\"></span>ted t<span class=\"_ _3\"></span>o co<span class=\"_ _3\"></span>mply<span class=\"_ _3\"></span> with<span class=\"_ _3\"></span> UK-<span class=\"_ _3\"></span>adop<span class=\"_ _3\"></span>ted I<span class=\"_ _3\"></span>nter<span class=\"_ _3\"></span>nati<span class=\"_ _3\"></span>onal<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>Acc<span class=\"_ _3\"></span>oun<span class=\"_ _3\"></span>ting<span class=\"_ _3\"></span> Stand<span class=\"_ _3\"></span>ard<span class=\"_ _3\"></span>s an<span class=\"_ _3\"></span>d goodw<span class=\"_ _3\"></span>ill<span class=\"_ _3\"></span> was<span class=\"_ _3\"></span> recog<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span>sed ba<span class=\"_ _3\"></span>sed on<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>the<span class=\"_ _351\"> </span>car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lue <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>der <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>us <span class=\"_ _0\"></span>acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icies<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will<span class=\"_ _2\"></span>, i<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>acqu<span class=\"_ _0\"></span>isit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y, is <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span> int<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. G<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>aris<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>cqui<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>join<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>inve<span class=\"_ _3\"></span>stment<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Customer r<span class=\"_ _f\"></span>elationships<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>fai<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hips <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sult <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ombi<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>rela<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>acqui<span class=\"_ _0\"></span>red <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>blis<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span>rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onshi<span class=\"_ _0\"></span>ps <span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>n rep<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>loya<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>y. A<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>rged <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>trai<span class=\"_ _0\"></span>ght-lin<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>basi<span class=\"_ _0\"></span>s over its use<span class=\"_ _0\"></span>ful ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic life<span class=\"_ _0\"></span>, up to a <span class=\"_ _3\"></span>ma<span class=\"_ _0\"></span>ximu<span class=\"_ _0\"></span>m of 15 years<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Certification <span class=\"_ _3\"></span>costs<span class=\"_ _351\"> </span>Costs <span class=\"_ _0\"></span>incurred, in respect of mee<span class=\"_ _0\"></span>ting regulatory <span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>tification <span class=\"_ _0\"></span>requir<span class=\"_ _3\"></span>ements for new <span class=\"_ _0\"></span>Civil Aerospace aero-engine/<span class=\"_ _f\"></span>aircraft combinations,<span class=\"_ _0\"></span> inclu<span class=\"_ _0\"></span>ding payme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s made <span class=\"_ _3\"></span>to air<span class=\"_ _0\"></span>fram<span class=\"_ _0\"></span>e manufac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urers for this, are <span class=\"_ _3\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as <span class=\"_ _3\"></span>int<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ible asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>to the <span class=\"_ _3\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>at they <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>an be <span class=\"_ _3\"></span>recove<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span> out <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>fut<span class=\"_ _0\"></span>ure <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>hey <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>harge<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>inco<span class=\"_ _0\"></span>me <span class=\"_ _3\"></span>st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment over <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mme <span class=\"_ _3\"></span>life<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>I<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ual <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>are <span class=\"_ _3\"></span>all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>ro <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a<span class=\"_ _351\"> </span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>numb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>uni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>be <span class=\"_ _2\"></span>prod<span class=\"_ _0\"></span>uce<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>Am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>comm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ces <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ach <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nit <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>vered <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>15<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>year<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>st<span class=\"_ _0\"></span>rai<span class=\"_ _0\"></span>ght-line ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Resear<span class=\"_ _f\"></span>ch and de<span class=\"_ _3\"></span>velopmen<span class=\"_ _3\"></span>t<span class=\"_ _351\"> </span>E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re in<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> on res<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is<span class=\"_ _0\"></span> dis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span> rel<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> eit<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r to<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h ph<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e or<span class=\"_ _0\"></span> to a <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> pha<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>researc<span class=\"_ _3\"></span>h <span class=\"_ _0\"></span>phase <span class=\"_ _2\"></span>expenditure <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>charged <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>the <span class=\"_ _2\"></span>income <span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>atement. <span class=\"_ _0\"></span>Development <span class=\"_ _0\"></span>expenditure <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>recognised <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>internally <span class=\"_ _0\"></span>generated<span class=\"_ _351\"> </span>inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>(p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>amme <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>) <span class=\"_ _2\"></span>only <span class=\"_ _2\"></span>if <span class=\"_ _2\"></span>it <span class=\"_ _2\"></span>me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>cri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ting <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>chni<span class=\"_ _0\"></span>cal <span class=\"_ _2\"></span>fea<span class=\"_ _0\"></span>sibil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>fut<span class=\"_ _0\"></span>ure<span class=\"_ _351\"> </span>eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. Mo<span class=\"_ _0\"></span>re spe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>ly, develop<span class=\"_ _0\"></span>ment cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are capit<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d from the po<span class=\"_ _0\"></span>int at which the fol<span class=\"_ _0\"></span>lowi<span class=\"_ _0\"></span>ng cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ions have be<span class=\"_ _0\"></span>en met<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>the <span class=\"_ _3\"></span>techn<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>fea<span class=\"_ _0\"></span>sibil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mme <span class=\"_ _f\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>inte<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>on <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _f\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>(avail<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>of <span class=\"_ _f\"></span>te<span class=\"_ _0\"></span>chnic<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>reso<span class=\"_ _0\"></span>urces)<span class=\"_ _0\"></span> to compl<span class=\"_ _0\"></span>ete th<span class=\"_ _0\"></span>e progra<span class=\"_ _0\"></span>mme ass<span class=\"_ _0\"></span>et and use or se<span class=\"_ _0\"></span>ll it<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">th<span class=\"_ _0\"></span>e probab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y that fut<span class=\"_ _0\"></span>ure eco<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts wil<span class=\"_ _0\"></span>l flow from the pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mme ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">th<span class=\"_ _0\"></span>e abilit<span class=\"_ _2\"></span>y to measure reliab<span class=\"_ _0\"></span>ly th<span class=\"_ _0\"></span>e expen<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble to the pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mme ass<span class=\"_ _0\"></span>et durin<span class=\"_ _0\"></span>g its de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span>C<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>ta<span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>sa<span class=\"_ _f\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>th<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>po<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>w<span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _f\"></span>h th<span class=\"_ _f\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>pr<span class=\"_ _32\"></span>og<span class=\"_ _f\"></span>ra<span class=\"_ _f\"></span>m<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>et<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>ee<span class=\"_ _f\"></span>ts<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>it<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>or<span class=\"_ _f\"></span>ig<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>y<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ct<span class=\"_ _f\"></span>ed<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>pe<span class=\"_ _f\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>fic<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _f\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>(<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>fi<span class=\"_ _3\"></span>ne<span class=\"_ _f\"></span>d<span class=\"_ _3\"></span> inter<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ly as the po<span class=\"_ _0\"></span>int at which the ass<span class=\"_ _0\"></span>et is cap<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e of oper<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng in the manne<span class=\"_ _0\"></span>r intend<span class=\"_ _0\"></span>ed by the Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors).<span class=\"_ _351\"> </span>S<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _b\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t to <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>. All othe<span class=\"_ _0\"></span>r subse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt expe<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ure on progra<span class=\"_ _0\"></span>mme ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s is expens<span class=\"_ _0\"></span>ed as incur<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Indi<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>dual <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>gram<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re al<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>cate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>pro <span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>a to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>numb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>unit<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s as <span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ch<span class=\"_ _351\"> </span>unit <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>eli<span class=\"_ _0\"></span>vere<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hen <span class=\"_ _2\"></span>charg<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rai<span class=\"_ _0\"></span>ght-line <span class=\"_ _2\"></span>bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>cord<span class=\"_ _0\"></span>ance <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>IA<span class=\"_ _0\"></span>S <span class=\"_ _2\"></span>38 <span class=\"_ _2\"></span><span class=\"ffbe ls6e ws9b\">Intangibl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>As<span class=\"_ _0\"></span>sets</span>, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>bas<span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d is asses<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d annuall<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Determination of the point <span class=\"_ _3\"></span>in time <span class=\"_ _3\"></span>when costs incurr<span class=\"_ _3\"></span>ed on an <span class=\"_ _3\"></span>internal pr<span class=\"_ _3\"></span>ogramme de<span class=\"_ _3\"></span>velopment meet the <span class=\"_ _3\"></span>criteria for<span class=\"_ _351\"> </span>capitalisation<span class=\"_ _351\"> </span>The Group incurs significant research and development expenditure in respec<span class=\"_ _0\"></span>t of <span class=\"_ _0\"></span>various development programmes. <span class=\"_ _0\"></span>Determining<span class=\"_ _351\"> </span>when <span class=\"_ _3\"></span>capitalisation s<span class=\"_ _3\"></span>hould <span class=\"_ _3\"></span>commence <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>cease <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>key <span class=\"_ _f\"></span>judgement, as <span class=\"_ _f\"></span>is the<span class=\"_ _3\"></span> determi<span class=\"_ _3\"></span>nation of<span class=\"_ _3\"></span> when<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>ubsequent <span class=\"_ _3\"></span>expenditure <span class=\"_ _f\"></span>on the<span class=\"_ _351\"> </span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts sh<span class=\"_ _0\"></span>ould b<span class=\"_ _0\"></span>e capi<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>. Durin<span class=\"_ _0\"></span>g the year, <span class=\"_ _3\"></span>\u00a3<span class=\"_ _0\"></span>131m of deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt expe<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ure was cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>W<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> In<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>L<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>P<span class=\"_ _2\"></span>I<span class=\"_ _0\"></span>L<span class=\"_ _2\"></span>M<span class=\"_ _0\"></span>)<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>W<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the t<span class=\"_ _3\"></span>echnical <span class=\"_ _3\"></span>feasibility<span class=\"_ _3\"></span>, the <span class=\"_ _3\"></span>commerc<span class=\"_ _3\"></span>ial viabi<span class=\"_ _3\"></span>lit<span class=\"_ _0\"></span>y a<span class=\"_ _3\"></span>nd financ<span class=\"_ _3\"></span>ial assessmen<span class=\"_ _3\"></span>t of<span class=\"_ _3\"></span> the <span class=\"_ _3\"></span>programme <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>assessed at <span class=\"_ _f\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain <span class=\"_ _3\"></span>milestones. When<span class=\"_ _351\"> </span>the<span class=\"_ _0\"></span>se are met<span class=\"_ _0\"></span>, devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ment exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure is capit<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d. Pr<span class=\"_ _0\"></span>ior to this<span class=\"_ _0\"></span>, exp<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>re is expens<span class=\"_ _0\"></span>ed as incu<span class=\"_ _0\"></span>rred<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>s to <span class=\"_ _0\"></span>inves<span class=\"_ _0\"></span>t in <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>w te<span class=\"_ _0\"></span>chno<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>gies <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>a res<span class=\"_ _0\"></span>ult o<span class=\"_ _0\"></span>f i<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>onis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>w te<span class=\"_ _0\"></span>chno<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>gies<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r <span class=\"_ _2\"></span>level <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>un<span class=\"_ _0\"></span>cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ial <span class=\"_ _2\"></span>ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d, <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>eref<span class=\"_ _0\"></span>ore, <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>his <span class=\"_ _2\"></span>cou<span class=\"_ _0\"></span>ld <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>le<span class=\"_ _0\"></span>vel <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>is<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>ed or reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt in future year<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Subsequent expenditure after entr<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>into serv<span class=\"_ _0\"></span>ice which enhances<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>the pe<span class=\"_ _0\"></span>rformance of <span class=\"_ _0\"></span>the engine and the <span class=\"_ _0\"></span>economic benefi<span class=\"_ _0\"></span>ts to t<span class=\"_ _0\"></span>he<span class=\"_ _351\"> </span>G<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> en<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>P<span class=\"_ _2\"></span>I<span class=\"_ _2\"></span>L<span class=\"_ _2\"></span>M<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> All ot<span class=\"_ _0\"></span>her deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cost<span class=\"_ _0\"></span>s are expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>d as incurre<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Determination of the basi<span class=\"_ _3\"></span>s for amortising <span class=\"_ _3\"></span>capitalised dev<span class=\"_ _3\"></span>elopment costs<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>cono<span class=\"_ _0\"></span>mic <span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>rima<span class=\"_ _0\"></span>rily <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>flow<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>from <span class=\"_ _2\"></span>L<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>SA<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>be <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vely <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tent <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>each <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>in a <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>rai<span class=\"_ _0\"></span>ght-line <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span> over the es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of opera<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the eng<span class=\"_ _0\"></span>ine by its ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l oper<span class=\"_ _0\"></span>ator.<span class=\"_ _351\"> </span>1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:914.614px;\">Softwar<span class=\"_ _3\"></span>e<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls157 ws186\" style=\"bottom:899.60767px;\">Software<span class=\"_ _3\"></span> that<span class=\"_ _3\"></span> is no<span class=\"_ _3\"></span>t spec<span class=\"_ _3\"></span>ific t<span class=\"_ _3\"></span>o an<span class=\"_ _3\"></span> item<span class=\"_ _3\"></span> of pr<span class=\"_ _3\"></span>operty,<span class=\"_ _3\"></span> plant<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>and<span class=\"_ _3\"></span> equi<span class=\"_ _3\"></span>pment<span class=\"_ _3\"></span> is c<span class=\"_ _3\"></span>lassi<span class=\"_ _3\"></span>fied as<span class=\"_ _3\"></span> an in<span class=\"_ _3\"></span>tang<span class=\"_ _3\"></span>ible<span class=\"_ _3\"></span> asset, r<span class=\"_ _3\"></span>ecogn<span class=\"_ _3\"></span>ised<span class=\"_ _3\"></span> at its<span class=\"_ _3\"></span> acqu<span class=\"_ _3\"></span>isiti<span class=\"_ _3\"></span>on<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6e ws9b\" style=\"bottom:884.60767px;\">cost and<span class=\"_ _3\"></span> amor<span class=\"_ _0\"></span>tised on a<span class=\"_ _3\"></span> straight<span class=\"_ _f\"></span>-line basis <span class=\"_ _3\"></span>over its <span class=\"_ _3\"></span>useful economi<span class=\"_ _3\"></span>c life. The<span class=\"_ _3\"></span> amortisation period of software assets is<span class=\"_ _3\"></span> reviewed<span class=\"_ _3\"></span> annually<span class=\"_ _f\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5d ws2\" style=\"bottom:869.60767px;\">In<span class=\"_ _0\"></span> 20<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f fiv<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> to a <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> of te<span class=\"_ _0\"></span>n ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> to re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls97 wsc4\" style=\"bottom:854.6077px;\">of<span class=\"_ _3\"></span> the<span class=\"_ _3\"></span> asse<span class=\"_ _3\"></span>ts. Th<span class=\"_ _3\"></span>e ch<span class=\"_ _f\"></span>ange<span class=\"_ _3\"></span> has<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>been<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>acc<span class=\"_ _3\"></span>ou<span class=\"_ _3\"></span>nt<span class=\"_ _3\"></span>ed f<span class=\"_ _3\"></span>or a<span class=\"_ _3\"></span>s a c<span class=\"_ _3\"></span>han<span class=\"_ _3\"></span>ge<span class=\"_ _3\"></span> in a<span class=\"_ _3\"></span>cco<span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>tin<span class=\"_ _3\"></span>g est<span class=\"_ _3\"></span>im<span class=\"_ _3\"></span>ate<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>d ha<span class=\"_ _3\"></span>s im<span class=\"_ _3\"></span>pac<span class=\"_ _3\"></span>ted<span class=\"_ _3\"></span> a li<span class=\"_ _3\"></span>mi<span class=\"_ _3\"></span>ted<span class=\"_ _3\"></span> amo<span class=\"_ _3\"></span>un<span class=\"_ _3\"></span>t of<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>ets<span class=\"_ _3\"></span> with<span class=\"_ _351\"> </span> </div><div class=\"t m41c h1a ffbd fse fc2 sc0 ls65 ws92\" style=\"bottom:839.6077px;\">an <span class=\"_ _0\"></span>imm<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>ial <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>yea<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>lly <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>abo<span class=\"_ _0\"></span>ur <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:824.6077px;\">prop<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tio<span class=\"_ _0\"></span>n of overhe<span class=\"_ _0\"></span>ads<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:793.1077px;\">Other in<span class=\"_ _3\"></span>tangible as<span class=\"_ _f\"></span>sets<span class=\"_ _351\"> </span></div><div class=\"t m69d h1a ffbd fse fc2 sc0 ls63 ws90\" style=\"bottom:778.1077px;\">The<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ncip<span class=\"_ _0\"></span>ally <span class=\"_ _2\"></span>incl<span class=\"_ _0\"></span>ude <span class=\"_ _2\"></span>int<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>chno<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>gy, <span class=\"_ _0\"></span>pate<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>are <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:763.1077px;\">amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on a strai<span class=\"_ _0\"></span>ght-line ba<span class=\"_ _0\"></span>sis over a maxi<span class=\"_ _0\"></span>mum of 15 years<span class=\"_ _0\"></span>, and tr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ks whi<span class=\"_ _0\"></span>ch are not amor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:731.6077px;\">Pr<span class=\"_ _3\"></span>opert<span class=\"_ _0\"></span>y<span class=\"_ _32\"></span>, plan<span class=\"_ _3\"></span>t and equipment<span class=\"_ _351\"> </span></div><div class=\"t m241 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"bottom:716.6077px;\">Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ess <span class=\"_ _2\"></span>accumu<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>any <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>. <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls64 ws91\" style=\"bottom:701.6077px;\">The c<span class=\"_ _3\"></span>ost of<span class=\"_ _3\"></span> self<span class=\"_ _3\"></span>-constructed<span class=\"_ _3\"></span> assets<span class=\"_ _3\"></span> inclu<span class=\"_ _3\"></span>des the<span class=\"_ _3\"></span> cost<span class=\"_ _3\"></span> of mat<span class=\"_ _3\"></span>erials, d<span class=\"_ _3\"></span>irect<span class=\"_ _3\"></span> labour a<span class=\"_ _3\"></span>nd an<span class=\"_ _3\"></span> appro<span class=\"_ _3\"></span>priate<span class=\"_ _3\"></span> proportion<span class=\"_ _3\"></span> of ov<span class=\"_ _3\"></span>erhead<span class=\"_ _3\"></span>s and,<span class=\"_ _3\"></span> wher<span class=\"_ _3\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:686.6077px;\">app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riate<span class=\"_ _0\"></span>, interes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"bottom:656.6077px;\">Depreciatio<span class=\"_ _0\"></span>n is pr<span class=\"_ _3\"></span>ovided on a straight<span class=\"_ _3\"></span>-line basis to write off the cost<span class=\"_ _0\"></span>, less the estimated resid<span class=\"_ _3\"></span>ual value, of propert<span class=\"_ _0\"></span>y, plant <span class=\"_ _3\"></span>and equipment<span class=\"_ _351\"> </span> </div><div class=\"t m69e h1a ffbd fse fc2 sc0 ls92 wsbf\" style=\"bottom:641.6077px;\">over <span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>ir <span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted <span class=\"_ _3\"></span>us<span class=\"_ _0\"></span>eful lives<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>N<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>cour<span class=\"_ _0\"></span>se <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>cons<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n. <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>use<span class=\"_ _0\"></span>ful <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>ves <span class=\"_ _3\"></span>are <span class=\"_ _3\"></span>reass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:626.6077px;\">annual<span class=\"_ _0\"></span>ly and are as foll<span class=\"_ _0\"></span>ows<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:604.1077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws9a\">L<span class=\"_ _0\"></span>and and buil<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s, as adv<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d by the Group\u2019s profes<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>nal adv<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>rs:<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:16.507652px; bottom:581.6077px;\"> <span class=\"_ _161\"></span>\u2022<span class=\"_ _3e\"> </span><span class=\"ffbd ls5c ws8a\">fre<span class=\"_ _0\"></span>eho<span class=\"_ _0\"></span>ld buil<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s \u2013 five to <span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>0 years (averag<span class=\"_ _0\"></span>e 23 years)<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:16.507652px; bottom:559.1077px;\"> <span class=\"_ _161\"></span>\u2022<span class=\"_ _3e\"> </span><span class=\"ffbd ls5c ws8a\">no dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on is provi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d on freeho<span class=\"_ _0\"></span>ld la<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:536.6077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">Pl<span class=\"_ _0\"></span>ant and equi<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt \u2013 two to 27 year<span class=\"_ _0\"></span>s (average 11 year<span class=\"_ _0\"></span>s).<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:514.1077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">Aircr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>t and eng<span class=\"_ _0\"></span>ines \u2013 five to 20 years (avera<span class=\"_ _0\"></span>ge 16 yea<span class=\"_ _0\"></span>rs).<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h15 ffc0 fsc fc1 sc0 ls6f ws9c\" style=\"bottom:482.60773px;\">Leases<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:467.60773px;\">As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts an<span class=\"_ _0\"></span>d liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies ari<span class=\"_ _0\"></span>sing from a leas<span class=\"_ _0\"></span>e are initi<span class=\"_ _0\"></span>ally me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d on a present valu<span class=\"_ _0\"></span>e basis<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:445.10773px;\">Leas<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>e the net pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e of the foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:422.60773px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">fixe<span class=\"_ _0\"></span>d payme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s less any leas<span class=\"_ _0\"></span>e incen<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e receiv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e;<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:400.10773px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">var<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>le leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s that are bas<span class=\"_ _0\"></span>ed on an index or a rate;<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:377.60773px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws9a\">amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed to be payab<span class=\"_ _0\"></span>le by the Group unde<span class=\"_ _0\"></span>r residual valu<span class=\"_ _0\"></span>e guarant<span class=\"_ _0\"></span>ees<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:355.10773px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws9a\">th<span class=\"_ _0\"></span>e exercise pric<span class=\"_ _0\"></span>e of a <span class=\"_ _3\"></span>purcha<span class=\"_ _0\"></span>se opt<span class=\"_ _0\"></span>ion if the Gro<span class=\"_ _0\"></span>up is reasona<span class=\"_ _0\"></span>bly ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in to exercise that opt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:332.6077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws9a\">pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s of pena<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ies for ter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of the lease<span class=\"_ _0\"></span>, if the lease ter<span class=\"_ _0\"></span>m refle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s the Gro<span class=\"_ _0\"></span>up exercising th<span class=\"_ _0\"></span>at opt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></div><div class=\"t m69f h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:302.6077px;\">Whe<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>comm<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _3\"></span>16 <span class=\"ffbe ls92 wsbf\">Leases</span><span class=\"lsc1 wsee\"> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> le<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> pa<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> </span><span class=\"lsc1 wsee\"></span><span class=\"lsc1 wsee\"><span class=\"_ _f\"></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:287.6077px;\">in the lease<span class=\"_ _0\"></span>. If that rate cannot be dete<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the Group<span class=\"_ _0\"></span>\u2019s <span class=\"_ _3\"></span>incre<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>al bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ng rate is <span class=\"_ _3\"></span>us<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, being the rate tha<span class=\"_ _0\"></span>t the Group would have<span class=\"_ _351\"> </span> </div><div class=\"t m6a0 h1a ffbd fse fc2 sc0 ls7b wsaa\" style=\"bottom:272.6077px;\">to <span class=\"_ _2\"></span>pay <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>orro<span class=\"_ _0\"></span>w <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>fu<span class=\"_ _0\"></span>nds <span class=\"_ _2\"></span>ne<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ssa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>ob<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>mila<span class=\"_ _0\"></span>r <span class=\"_ _2\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>simil<span class=\"_ _0\"></span>ar <span class=\"_ _2\"></span>ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic <span class=\"_ _2\"></span>env<span class=\"_ _0\"></span>ironm<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>simi<span class=\"_ _0\"></span>lar <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:257.6077px;\">cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riat<span class=\"_ _0\"></span>e, leas<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are revalued at eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g date usin<span class=\"_ _0\"></span>g the spot exchan<span class=\"_ _0\"></span>ge rate<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:235.1077px;\">The Group did not <span class=\"_ _3\"></span>ad<span class=\"_ _0\"></span>opt the amendm<span class=\"_ _0\"></span>ent to <span class=\"_ _3\"></span>IF<span class=\"_ _0\"></span>RS 16 <span class=\"ffbe ls92 wsbf\">Leases</span><span class=\"lsc9 wsf5\">,<span class=\"_ _0\"></span> ef<span class=\"_ _2\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span> in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>, whi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h pro<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s a pra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to not<span class=\"_ _0\"></span> tre<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span> COV<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>D<span class=\"_ _2\"></span>-1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:220.1077px;\">rent conc<span class=\"_ _0\"></span>essi<span class=\"_ _0\"></span>ons as lea<span class=\"_ _0\"></span>se mo<span class=\"_ _0\"></span>difi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:197.6077px;\">Right-o<span class=\"_ _0\"></span>f-use as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are meas<span class=\"_ _0\"></span>ured at cos<span class=\"_ _0\"></span>t compr<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g the foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:175.1077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">th<span class=\"_ _0\"></span>e amount of the ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l measure<span class=\"_ _0\"></span>ment of lea<span class=\"_ _0\"></span>se liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or a r<span class=\"_ _3\"></span>eva<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:152.6077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">any leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s made at or bef<span class=\"_ _0\"></span>ore the com<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ent date les<span class=\"_ _0\"></span>s any lease ince<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ves rece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d;<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:130.1077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">any init<span class=\"_ _0\"></span>ial direc<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s; and<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:107.6077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">rest<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cost<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:77.6077px;\">Ea<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>rig<span class=\"_ _0\"></span>ht-of-us<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>over <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>use<span class=\"_ _0\"></span>ful <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omic <span class=\"_ _2\"></span>life <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>erm <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aight-lin<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sis <span class=\"_ _0\"></span>unl<span class=\"_ _0\"></span>ess <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span> </div><div class=\"t m6a1 h1a ffbd fse fc2 sc0 ls6a ws9a\" style=\"bottom:62.607697px;\">leas<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>nsf<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>own<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>hip <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>whic<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:47.607697px;\">use<span class=\"_ _0\"></span>ful life of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:17.607697px;\">Sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-term <span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>ses <span class=\"_ _0\"></span>are le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th <span class=\"_ _0\"></span>a le<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m of <span class=\"_ _0\"></span>12 m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hs o<span class=\"_ _0\"></span>r l<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. P<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>h sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t-ter<span class=\"_ _0\"></span>m le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d low<span class=\"_ _0\"></span>-v<span class=\"_ _0\"></span>alue <span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>ses <span class=\"_ _0\"></span>are<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:2.6076965px;\">reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on a str<span class=\"_ _0\"></span>aigh<span class=\"_ _0\"></span>t-line basi<span class=\"_ _0\"></span>s as an expens<span class=\"_ _0\"></span>e in the incom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:945.78015px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:984.59924px;\">Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Determination of lease term<span class=\"_ _351\"> </span></div><div class=\"t m223 h1a ffbd fse fc2 sc0 ls6a ws9a\" style=\"left:13.294952px; bottom:969.59924px;\">In <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rmini<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>lea<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>term<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>rcumst<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ces <span class=\"_ _2\"></span>that <span class=\"_ _2\"></span>creat<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic <span class=\"_ _2\"></span>ince<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>exerci<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5f ws8c\" style=\"left:13.294952px; bottom:954.59924px;\">ex<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n op<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>, or<span class=\"_ _0\"></span> not<span class=\"_ _0\"></span> exe<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e a te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n op<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n op<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s (o<span class=\"_ _0\"></span>r p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>ds<span class=\"_ _0\"></span> af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n) ar<span class=\"_ _0\"></span>e on<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:939.5992px;\">term if <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e lease is <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>aso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>ly cer<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in to <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e exten<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d (<span class=\"_ _3\"></span>or not <span class=\"_ _3\"></span>te<span class=\"_ _0\"></span>rmina<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>). Cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain land and building lease<span class=\"_ _0\"></span>s have <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>new<span class=\"_ _0\"></span>al optio<span class=\"_ _0\"></span>ns with<span class=\"_ _351\"> </span> </div><div class=\"t m6a2 h1a ffbd fse fc2 sc0 ls7b ws9a\" style=\"left:13.294952px; bottom:924.5992px;\">renew<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>dates <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nly <span class=\"_ _2\"></span>spre<span class=\"_ _0\"></span>ad <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>\u201320<span class=\"_ _0\"></span>28 <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>41<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>ws <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:909.5992px;\">judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>leas<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rms <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nnual<span class=\"_ _0\"></span>ly, in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>site<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ere <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>for <span class=\"_ _2\"></span>manuf<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls62 ws8f\" style=\"left:13.294952px; bottom:894.5992px;\">activities.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:867.8512px;\">Key <span class=\"_ _3\"></span>estimates \u2013 <span class=\"_ _3\"></span>Estimates of the <span class=\"_ _3\"></span>payments r<span class=\"_ _3\"></span>equired to meet r<span class=\"_ _3\"></span>esidual va<span class=\"_ _3\"></span>lue guar<span class=\"_ _3\"></span>antees at the <span class=\"_ _3\"></span>end of engine <span class=\"_ _3\"></span>leases<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls177 ws1a7\" style=\"left:13.294952px; bottom:852.8512px;\">E<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> Ae<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> bu<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> of<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> sp<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m23e h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"left:13.294952px; bottom:837.8473px;\">level<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>usa<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>li<span class=\"_ _0\"></span>fe <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>main<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _2\"></span>paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>les<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>requi<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:822.8473px;\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. The amount<span class=\"_ _0\"></span>s payabl<span class=\"_ _0\"></span>e are <span class=\"_ _3\"></span>cal<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>ted bas<span class=\"_ _0\"></span>ed upon an esti<span class=\"_ _0\"></span>mate of the utilis<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of the engines over the lease term<span class=\"_ _0\"></span>, whet<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:807.8473px;\">the <span class=\"_ _2\"></span>eng<span class=\"_ _0\"></span>ine <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>resto<span class=\"_ _0\"></span>red <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>requ<span class=\"_ _0\"></span>ired <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>by <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rming <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>over<span class=\"_ _0\"></span>haul <span class=\"_ _2\"></span>at <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ur <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wn <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hrough <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls9e wscc\" style=\"left:13.294952px; bottom:792.8473px;\">s<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>A<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m6a4 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:777.8473px;\">dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>l<span class=\"_ _0\"></span>evel <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>uti<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>the engines<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>over<span class=\"_ _0\"></span>haul <span class=\"_ _3\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _2\"></span>y <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>end <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>cisio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span>take<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>w<span class=\"_ _0\"></span>het<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsa4 wsd2\" style=\"left:13.294952px; bottom:762.8473px;\">on<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>oi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> acc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s to th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is<span class=\"_ _0\"></span> requ<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> at the<span class=\"_ _0\"></span> end<span class=\"_ _0\"></span> of the<span class=\"_ _0\"></span> lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. Du<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> year, adju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s to ret<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span> at the<span class=\"_ _0\"></span> end of<span class=\"_ _0\"></span> </div><div class=\"t m6a5 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:747.8473px;\">leas<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>result<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>a <span class=\"_ _f\"></span>cre<span class=\"_ _0\"></span>dit of <span class=\"_ _f\"></span><span class=\"ls60 ws8d\">\u00a34m<span class=\"lsc1 wsee\"> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> at<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>D<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _b\"></span>2 <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00a3<span class=\"_ _0\"></span>4<span class=\"_ _b\"></span>3<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:732.8473px;\">of <span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>ese residual <span class=\"_ _3\"></span>val<span class=\"_ _0\"></span>ue <span class=\"_ _3\"></span>gua<span class=\"_ _0\"></span>rante<span class=\"_ _0\"></span>es in <span class=\"_ _f\"></span>the Civil <span class=\"_ _3\"></span>Ae<span class=\"_ _0\"></span>rospa<span class=\"_ _0\"></span>ce <span class=\"_ _3\"></span>bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Up <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>\u00a3<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>4m is <span class=\"_ _f\"></span>paya<span class=\"_ _0\"></span>ble in <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>12 months<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>75<span class=\"_ _0\"></span>m <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>due<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:717.8473px;\">over the fol<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>ing four year<span class=\"_ _0\"></span>s and the remai<span class=\"_ _0\"></span>ning bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce af<span class=\"_ _0\"></span>ter five year<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:665.3413px;\">Impairment <span class=\"_ _3\"></span>of non-curr<span class=\"_ _3\"></span>ent a<span class=\"_ _3\"></span>ssets<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:650.3413px;\">Impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent of <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent asse<span class=\"_ _0\"></span>ts is consid<span class=\"_ _0\"></span>ered in accordan<span class=\"_ _0\"></span>ce with IA<span class=\"_ _0\"></span>S 36 <span class=\"ffbe ls79 wsa8\">Imp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt of<span class=\"_ _0\"></span> As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s</span><span class=\"ls6b ws98\">. Where <span class=\"_ _f\"></span>the asset <span class=\"_ _f\"></span>do<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>not <span class=\"_ _3\"></span>generate <span class=\"_ _3\"></span>cash<span class=\"_ _351\"> </span></span><span class=\"ls6b ws98\"> </span></div><div class=\"t m6a6 h1a ffbd fse fc2 sc0 ls77 wsbc\" style=\"bottom:635.3413px;\">flow<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>that <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh-<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>uni<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>(CG<span class=\"_ _0\"></span>U) <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m6a7 h1a ffbd fse fc2 sc0 ls80 wsc0\" style=\"bottom:620.3413px;\">Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will<span class=\"_ _2\"></span>, i<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>fini<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>life <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>yet <span class=\"_ _0\"></span>avai<span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>use <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>annua<span class=\"_ _0\"></span>lly. O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"bottom:605.3413px;\">intangible assets <span class=\"_ _0\"></span>(includi<span class=\"_ _3\"></span>ng <span class=\"_ _0\"></span>programme-related intangible asset<span class=\"_ _0\"></span>s),<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, pl<span class=\"_ _0\"></span>ant and e<span class=\"_ _0\"></span>quipment<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>and investments <span class=\"_ _0\"></span>are assessed <span class=\"_ _0\"></span>for any<span class=\"_ _351\"> </span> </div><div class=\"t m5 h1a ffbd fse fc2 sc0 lsab wsd8\" style=\"bottom:590.3413px;\">indic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>annu<span class=\"_ _0\"></span>ally. <span class=\"_ _2\"></span>If <span class=\"_ _2\"></span>any <span class=\"_ _2\"></span>ind<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>dent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>te<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"bottom:575.3413px;\">recoverable amoun<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m6a8 h1a ffbd fse fc2 sc0 ls6e wsab\" style=\"bottom:545.3413px;\">If <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set <span class=\"_ _0\"></span>(o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>CG<span class=\"_ _0\"></span>U) <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>low <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ue, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ue <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m291 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:530.3413px;\">recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>amou<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>highe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>ir<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:515.3413px;\">valu<span class=\"_ _0\"></span>e le<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>if <span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>s is <span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>dily <span class=\"_ _0\"></span>ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e in <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e of <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>flow<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>a p<span class=\"_ _0\"></span>re-<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>disc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c wsbc\" style=\"bottom:500.3413px;\">rate <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t refl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lue <span class=\"_ _0\"></span>of m<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>sk s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c to <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set <span class=\"_ _0\"></span>(or C<span class=\"_ _0\"></span>GU<span class=\"_ _0\"></span>). Fair <span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ue l<span class=\"_ _0\"></span>ess <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of <span class=\"_ _0\"></span>disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>LCOD) re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:485.3413px;\">marke<span class=\"_ _0\"></span>t inp<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s or <span class=\"_ _0\"></span>inpu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on m<span class=\"_ _0\"></span>arke<span class=\"_ _0\"></span>t ev<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nce i<span class=\"_ _0\"></span>f rea<span class=\"_ _0\"></span>dily <span class=\"_ _0\"></span>avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e. <span class=\"_ _0\"></span>If t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e inp<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re not <span class=\"_ _0\"></span>readil<span class=\"_ _0\"></span>y ava<span class=\"_ _0\"></span>ila<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue <span class=\"_ _0\"></span>is es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> </div><div class=\"t m6a9 h1a ffbd fse fc2 sc0 ls73 wsa1\" style=\"bottom:470.3413px;\">by <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>difi<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>marke<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ews<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>rele<span class=\"_ _0\"></span>vant <span class=\"_ _2\"></span>loc<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>tor<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>in <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:455.3413px;\">cal<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pos<span class=\"_ _0\"></span>t-tax to pre<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>ax dis<span class=\"_ _0\"></span>coun<span class=\"_ _0\"></span>t rates<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws3\" style=\"left:13.294952px; bottom:401.60544px;\">Key judgemen<span class=\"_ _3\"></span>t \u2013 Determination of CGUs for assessing impairment of goodwill<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls81 wsbb\" style=\"left:13.294952px; bottom:386.60544px;\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> rev<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> CG<span class=\"_ _0\"></span>U<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>S 36<span class=\"_ _2\"></span>, im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>r go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> are<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls177 wscc\" style=\"left:13.294952px; bottom:371.60544px;\">t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>U<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"left:13.294952px; bottom:356.60544px;\">no <span class=\"_ _0\"></span>hig<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>seg<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>CG<span class=\"_ _0\"></span>Us <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>dwil<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>rev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws3\" style=\"left:13.294952px; bottom:341.60544px;\">Rol<span class=\"_ _0\"></span>ls-<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>oyce De<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>sch<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>d Ltd &amp; C<span class=\"_ _0\"></span>o KG and at an a<span class=\"_ _0\"></span>ggre<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ed Ro<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royce P<span class=\"_ _0\"></span>ower Sys<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms AG level<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:289.0996px;\">In<span class=\"_ _3\"></span>ven<span class=\"_ _3\"></span>tories<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls15e ws18c\" style=\"bottom:274.0996px;\">I<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> are<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t-<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> lo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>, wh<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m3b7 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:259.0996px;\">app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>our <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>tho<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>direc<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>rh<span class=\"_ _0\"></span>ead<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>y, pl<span class=\"_ _0\"></span>ant <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at<span class=\"_ _351\"> </span> </div><div class=\"t m6aa h1a ffbd fse fc2 sc0 ls74 wsa2\" style=\"bottom:244.09961px;\">have <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>bri<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>heir <span class=\"_ _2\"></span>pres<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>loc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n. <span class=\"_ _2\"></span>Net <span class=\"_ _2\"></span>real<span class=\"_ _0\"></span>isab<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span>repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m31a h1a ffbd fse fc2 sc0 ls74 wsa2\" style=\"bottom:229.09961px;\">sel<span class=\"_ _0\"></span>ling <span class=\"_ _2\"></span>pri<span class=\"_ _0\"></span>ces <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ess <span class=\"_ _2\"></span>all <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>incu<span class=\"_ _0\"></span>rred <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>are <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:214.09961px;\">cla<span class=\"_ _0\"></span>ssifi<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent a<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>t is <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ey w<span class=\"_ _0\"></span>ill <span class=\"_ _0\"></span>be <span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Grou<span class=\"_ _0\"></span>p\u2019s op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>cycle<span class=\"_ _0\"></span>, re<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>rdles<span class=\"_ _0\"></span>s of <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>s is <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>o b<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:199.09961px;\">wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths of the bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t date.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:167.5996px;\">Cash <span class=\"_ _3\"></span>and ca<span class=\"_ _3\"></span>sh equiva<span class=\"_ _3\"></span>lents<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsc3 wsc0\" style=\"bottom:152.5996px;\">Ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h and<span class=\"_ _0\"></span> cas<span class=\"_ _0\"></span>h equ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h at ban<span class=\"_ _0\"></span>k and<span class=\"_ _0\"></span> in han<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in mo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t fun<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span> sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m de<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h a mat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:137.5996px;\">of <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>ree <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hs <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _f\"></span>les<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>on <span class=\"_ _3\"></span>ince<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _3\"></span>cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rs <span class=\"_ _f\"></span>ove<span class=\"_ _0\"></span>rdraf<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>(repayab<span class=\"_ _0\"></span>le <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>de<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>d) <span class=\"_ _f\"></span>to <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>inte<span class=\"_ _0\"></span>gral <span class=\"_ _3\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _f\"></span>ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:122.599594px;\">ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ival<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>urp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>flo<span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5f ws8c\" style=\"bottom:107.599594px;\">p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ba<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s ac<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> mul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> are<span class=\"_ _0\"></span> pre<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> bo<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a le<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> to<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:92.599594px;\">set<span class=\"_ _2\"></span>tle th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s on a net basis<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls78 ws1a7\" style=\"bottom:62.599594px;\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p of<span class=\"_ _b\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span> su<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n fin<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> (S<span class=\"_ _0\"></span>C<span class=\"_ _2\"></span>F<span class=\"_ _2\"></span>) pr<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> pa<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> wi<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> jo<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:47.599594px;\">who are <span class=\"_ _3\"></span>on our <span class=\"_ _3\"></span>st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard 75 <span class=\"_ _3\"></span>day or <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>ore payment terms to <span class=\"_ _3\"></span>rece<span class=\"_ _0\"></span>ive their payme<span class=\"_ _0\"></span>nt <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>. The <span class=\"_ _3\"></span>el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to <span class=\"_ _f\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>lise the progra<span class=\"_ _0\"></span>mme is <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he sole<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:32.5996px;\">dec<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e sup<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>. A<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>es to h<span class=\"_ _0\"></span>ave a co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to p<span class=\"_ _0\"></span>ay it<span class=\"_ _0\"></span>s sup<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ers un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r comm<span class=\"_ _0\"></span>ercial <span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ms whi<span class=\"_ _0\"></span>ch are<span class=\"_ _351\"> </span> </div><div class=\"t m6ab h1a ffbd fse fc2 sc0 ls83 wsb1\" style=\"bottom:17.599602px;\">unaf<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>by <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>ny <span class=\"_ _f\"></span>ut<span class=\"_ _0\"></span>ilis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _3\"></span>of <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>and <span class=\"_ _3\"></span>it <span class=\"_ _f\"></span>do<span class=\"_ _0\"></span>es <span class=\"_ _f\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _f\"></span>ret<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>any <span class=\"_ _f\"></span>on<span class=\"_ _0\"></span>go<span class=\"_ _0\"></span>ing <span class=\"_ _f\"></span>invo<span class=\"_ _0\"></span>lvem<span class=\"_ _0\"></span>ent <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>SC<span class=\"_ _0\"></span>F<span class=\"_ _f\"></span>, <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _3\"></span>payab<span class=\"_ _0\"></span>les <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>ret<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:2.5996017px;\">on the Grou<span class=\"_ _0\"></span>p\u2019s balan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t and clas<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed as trad<span class=\"_ _0\"></span>e payabl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Furt<span class=\"_ _0\"></span>her de<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ils are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in note 19.<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:1027.3427px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:939.114px;\">Pr<span class=\"_ _3\"></span>ovision<span class=\"_ _3\"></span>s<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:924.10767px;\">Provis<span class=\"_ _0\"></span>ions <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>hen <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>s a <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f a <span class=\"_ _0\"></span>pas<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>event<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>it <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l b<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:909.10767px;\">requi<span class=\"_ _0\"></span>red to set<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le tha<span class=\"_ _0\"></span>t obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. Provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s are discount<span class=\"_ _0\"></span>ed to prese<span class=\"_ _0\"></span>nt value wh<span class=\"_ _0\"></span>ere the ef<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t is mater<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:879.1077px;\">The pr<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>pal provi<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ns are recogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d as follo<span class=\"_ _0\"></span>ws:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:856.6077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">T<span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>nt 10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 in-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice issu<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>n wast<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e cost<span class=\"_ _0\"></span>s are iden<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d as descr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d on pag<span class=\"_ _0\"></span>e 115<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:834.1077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s base<span class=\"_ _0\"></span>d on an asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of whet<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e direc<span class=\"_ _0\"></span>t cost<span class=\"_ _0\"></span>s to fulfi<span class=\"_ _0\"></span>l a contra<span class=\"_ _0\"></span>ct are greate<span class=\"_ _0\"></span>r than th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed revenu<span class=\"_ _0\"></span>e;<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:811.6077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">war<span class=\"_ _0\"></span>rant<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>guar<span class=\"_ _0\"></span>ante<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>fut<span class=\"_ _0\"></span>ure <span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ims <span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>refere<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>ier <span class=\"_ _0\"></span>of<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:796.6077px;\">whe<span class=\"_ _0\"></span>n the unde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>es are sold an<span class=\"_ _0\"></span>d when the like<span class=\"_ _0\"></span>liho<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d of a <span class=\"_ _3\"></span>fu<span class=\"_ _0\"></span>ture cos<span class=\"_ _0\"></span>t is ident<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed; and<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:774.1077px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws9a\">res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing whe<span class=\"_ _0\"></span>n the Group has app<span class=\"_ _0\"></span>roved a det<span class=\"_ _0\"></span>aile<span class=\"_ _0\"></span>d and form<span class=\"_ _0\"></span>al rest<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g plan<span class=\"_ _0\"></span>, and the rest<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing has eit<span class=\"_ _0\"></span>her com<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ced or<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:759.1077px;\">has create<span class=\"_ _0\"></span>d a valid exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on to thos<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:705.3717px;\">Key <span class=\"_ _3\"></span>judgement \u2013 <span class=\"_ _3\"></span>Whether any <span class=\"_ _3\"></span>costs should be <span class=\"_ _3\"></span>treated as wastage<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"left:13.294952px; bottom:690.3717px;\">As de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r on page 11<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>, in rare circumsta<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Group may incur cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of waste<span class=\"_ _0\"></span>d mater<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span>, la<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ur or othe<span class=\"_ _0\"></span>r resource<span class=\"_ _0\"></span>s to<span class=\"_ _351\"> </span> </div><div class=\"t m47b h1a ffbd fse fc2 sc0 ls7b wsaa\" style=\"left:13.294952px; bottom:675.3717px;\">fulfi<span class=\"_ _0\"></span>l <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>wh<span class=\"_ _0\"></span>ere <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>evel <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>wa<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>refl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>rice<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>su<span class=\"_ _0\"></span>ch <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter <span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m6ac h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:660.3717px;\">judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>woul<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>nly <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>ari<span class=\"_ _0\"></span>se <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>here <span class=\"_ _3\"></span>has been <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>ser<span class=\"_ _0\"></span>ies <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>ab<span class=\"_ _0\"></span>nor<span class=\"_ _0\"></span>mal <span class=\"_ _3\"></span>event<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _f\"></span>g<span class=\"_ _0\"></span>ive <span class=\"_ _3\"></span>ris<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>to a <span class=\"_ _32\"></span>s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant <span class=\"_ _3\"></span>level<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"left:13.294952px; bottom:645.3717px;\">of co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>of a n<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>woul<span class=\"_ _0\"></span>d not <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o incu<span class=\"_ _0\"></span>r an<span class=\"_ _0\"></span>d he<span class=\"_ _0\"></span>nce i<span class=\"_ _0\"></span>s not <span class=\"_ _0\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>. Prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n is <span class=\"_ _0\"></span>mad<span class=\"_ _0\"></span>e for<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:630.3717px;\">any cost<span class=\"_ _0\"></span>s ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d as wast<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e when th<span class=\"_ _0\"></span>e obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to incur them ari<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls8e ws9d\" style=\"left:13.294952px; bottom:607.8717px;\">S<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> T<span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>ov<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> as th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n ow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n en<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> T<span class=\"_ _f\"></span>y<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>te<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:592.8717px;\">which it has a present obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to develop app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te design chan<span class=\"_ _0\"></span>ges to addres<span class=\"_ _0\"></span>s cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain engin<span class=\"_ _0\"></span>e condi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons that have be<span class=\"_ _0\"></span>en note<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"left:13.294952px; bottom:577.8717px;\">in <span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hine<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ives<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>als<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nsure <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rato<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inue <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>afel<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:562.8717px;\">wit<span class=\"_ _0\"></span>hin <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ms <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>eir <span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>SA<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>this <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>quires <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>be <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>iant <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ith <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>quirem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ose <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ssue<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>Ai<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b wsa1\" style=\"left:13.294952px; bottom:547.8717px;\">Directives. <span class=\"_ _0\"></span>These <span class=\"_ _0\"></span>requirements c<span class=\"_ _0\"></span>annot be <span class=\"_ _0\"></span>met <span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>hout t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Group incurring <span class=\"_ _0\"></span>significant cost<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in the <span class=\"_ _0\"></span>form <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>replacement <span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>and<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c wsbf\" style=\"left:13.294952px; bottom:532.8717px;\">cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>aims<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Gi<span class=\"_ _0\"></span>ven <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cant <span class=\"_ _2\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>des<span class=\"_ _0\"></span>ignin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>rha<span class=\"_ _0\"></span>ulin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ero <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>it <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ence<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>in<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:517.8717px;\">maki<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>in re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>to t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>numb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g of <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>op <span class=\"_ _0\"></span>vis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, ove<span class=\"_ _0\"></span>rha<span class=\"_ _0\"></span>ul <span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>our <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls63 ws90\" style=\"left:13.294952px; bottom:502.8717px;\">claims<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:476.12372px;\">Key <span class=\"_ _3\"></span>estimates \u2013 <span class=\"_ _3\"></span>Estimates of the <span class=\"_ _3\"></span>time to r<span class=\"_ _3\"></span>esolve the <span class=\"_ _3\"></span>technical issues <span class=\"_ _3\"></span>on the T<span class=\"_ _f\"></span>rent 1000, <span class=\"_ _3\"></span>including the de<span class=\"_ _f\"></span>velopment of the modified<span class=\"_ _351\"> </span> </div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:461.12372px;\">HPT blade <span class=\"_ _3\"></span>and estimates <span class=\"_ _3\"></span>of the expenditur<span class=\"_ _3\"></span>e r<span class=\"_ _3\"></span>equired to settle <span class=\"_ _3\"></span>the obligation r<span class=\"_ _3\"></span>elating to T<span class=\"_ _f\"></span>rent 1000 <span class=\"_ _3\"></span>claims and <span class=\"_ _3\"></span>to settle T<span class=\"_ _f\"></span>rent 1000<span class=\"_ _351\"> </span> </div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:446.12372px;\">long-term contr<span class=\"_ _3\"></span>acts assessed as <span class=\"_ _3\"></span>onerous<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6e ws8d\" style=\"left:13.294952px; bottom:431.12372px;\">The Grou<span class=\"_ _3\"></span>p has<span class=\"_ _3\"></span> provis<span class=\"_ _3\"></span>ions for<span class=\"_ _3\"></span> T<span class=\"_ _f\"></span>rent 1000 wastage costs at<span class=\"_ _3\"></span> 31 December<span class=\"_ _3\"></span> 2022 of \u00a3179m (202<span class=\"_ _0\"></span>1: \u00a3157m)<span class=\"_ _3\"></span>. These r<span class=\"_ _3\"></span>epresent<span class=\"_ _3\"></span> the Dir<span class=\"_ _3\"></span>ectors\u2019<span class=\"_ _351\"> </span> </div><div class=\"t m52a h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"left:13.294952px; bottom:416.1198px;\">bes<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>endi<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>req<span class=\"_ _0\"></span>uired <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _2\"></span>at <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>bal<span class=\"_ _0\"></span>ance <span class=\"_ _2\"></span>sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>date<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ake <span class=\"_ _2\"></span>acco<span class=\"_ _0\"></span>unt <span class=\"_ _2\"></span>of <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:401.1198px;\">info<span class=\"_ _0\"></span>rmat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n availa<span class=\"_ _0\"></span>ble and di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e outco<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"left:13.294952px; bottom:378.6198px;\">The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>consi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cemb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>T<span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>nt 1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>oss <span class=\"_ _0\"></span>prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>T<span class=\"_ _3\"></span>rent <span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>0 wa<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span> </div><div class=\"t m683 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"left:13.294952px; bottom:363.6198px;\">are <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>A <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2-m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ay <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilit<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>difi<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>HP<span class=\"_ _0\"></span>T <span class=\"_ _2\"></span>bl<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ould <span class=\"_ _2\"></span>le<span class=\"_ _0\"></span>ad <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>aroun<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:348.6198px;\">\u00a34<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>\u2013<span class=\"_ _3\"></span>70<span class=\"_ _0\"></span>m increa<span class=\"_ _0\"></span>se in the T<span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>nt 10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s provisi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:321.8718px;\">Key <span class=\"_ _3\"></span>estimates \u2013 <span class=\"_ _3\"></span>Estimates of the <span class=\"_ _3\"></span>future r<span class=\"_ _f\"></span>evenues and costs <span class=\"_ _3\"></span>to fulfil oner<span class=\"_ _f\"></span>ous contracts<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"left:13.294952px; bottom:306.8718px;\">The Gro<span class=\"_ _0\"></span>up has provisi<span class=\"_ _0\"></span>ons for one<span class=\"_ _0\"></span>rous cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s at 31 Decemb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 of \u00a31<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span>m (1 Januar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a31<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8m).<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:284.3718px;\">An <span class=\"_ _2\"></span>incre<span class=\"_ _0\"></span>ase <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _2\"></span>Aerosp<span class=\"_ _0\"></span>ace <span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>arge <span class=\"_ _2\"></span>en<span class=\"_ _0\"></span>gine <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>L<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>SA <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>rema<span class=\"_ _0\"></span>ining <span class=\"_ _2\"></span>te<span class=\"_ _0\"></span>rm <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>cou<span class=\"_ _0\"></span>ld <span class=\"_ _2\"></span>lea<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:269.3718px;\">aroun<span class=\"_ _0\"></span>d a \u00a310<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>\u201312<span class=\"_ _0\"></span>5m incre<span class=\"_ _0\"></span>ase in the prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on for cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>ses acro<span class=\"_ _0\"></span>ss all prog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:242.62381px;\">Key <span class=\"_ _3\"></span>estimates \u2013 <span class=\"_ _3\"></span>Assumptions im<span class=\"_ _3\"></span>plicit within the <span class=\"_ _3\"></span>calculation of d<span class=\"_ _3\"></span>iscount r<span class=\"_ _3\"></span>ates<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls93 wsc1\" style=\"left:13.294952px; bottom:227.62381px;\">T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> se<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls77 wsa5\" style=\"left:13.294952px; bottom:212.62381px;\">used for each contrac<span class=\"_ _0\"></span>t is derived from bon<span class=\"_ _0\"></span>d yields (i.e. risk-free rates) <span class=\"_ _3\"></span>wit<span class=\"_ _0\"></span>h a similar duration and currency to the contract that they<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls8a wsb7\" style=\"left:13.294952px; bottom:197.62381px;\">ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ap<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> rat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> is ad<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>s of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:182.62381px;\">from t<span class=\"_ _0\"></span>hird-<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>rket an<span class=\"_ _0\"></span>aly<span class=\"_ _0\"></span>sis an<span class=\"_ _0\"></span>d avera<span class=\"_ _0\"></span>ge 4%<span class=\"_ _0\"></span>. A 1<span class=\"_ _0\"></span>% chan<span class=\"_ _0\"></span>ge in t<span class=\"_ _0\"></span>he di<span class=\"_ _0\"></span>sco<span class=\"_ _0\"></span>unt rat<span class=\"_ _0\"></span>es us<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>uld l<span class=\"_ _0\"></span>ead to a<span class=\"_ _0\"></span>round a \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>-1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m chang<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:167.62381px;\">in the provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:122.60986px;\">Customer fin<span class=\"_ _3\"></span>ancing support<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls86 wse6\" style=\"bottom:107.60985px;\">In<span class=\"_ _0\"></span> conn<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> sal<span class=\"_ _0\"></span>e of it<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p wil<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> on occ<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g sup<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t for<span class=\"_ _0\"></span> it<span class=\"_ _0\"></span>s cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs<span class=\"_ _2\"></span>. The<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:92.60985px;\">fal<span class=\"_ _0\"></span>l into t<span class=\"_ _2\"></span>wo ca<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>: cred<span class=\"_ _0\"></span>it-bas<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>guara<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>set-val<span class=\"_ _0\"></span>ue gu<span class=\"_ _0\"></span>arant<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s. <span class=\"_ _0\"></span>Cred<span class=\"_ _0\"></span>it-bas<span class=\"_ _0\"></span>ed g<span class=\"_ _0\"></span>uara<span class=\"_ _0\"></span>ntee<span class=\"_ _0\"></span>s are d<span class=\"_ _0\"></span>iscl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d as <span class=\"_ _0\"></span>comm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>r<span class=\"_ _351\"> </span> </div><div class=\"t m6ad h1a ffbd fse fc2 sc0 ls73 ws9a\" style=\"bottom:77.60985px;\">cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>aircr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>red <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>not<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ers <span class=\"_ _2\"></span>asse<span class=\"_ _0\"></span>t-value <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>uara<span class=\"_ _0\"></span>ntee<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m5 h1a ffbd fse fc2 sc0 ls75 wsa3\" style=\"bottom:62.609848px;\">non<span class=\"_ _0\"></span>-fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies <span class=\"_ _b\"></span>and <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>ts <span class=\"_ _b\"></span>require<span class=\"_ _0\"></span>d. <span class=\"_ _b\"></span>As <span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>crib<span class=\"_ _0\"></span>ed <span class=\"_ _b\"></span>on <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>age <span class=\"_ _b\"></span>16<span class=\"_ _0\"></span>9, <span class=\"_ _b\"></span>the <span class=\"_ _2\"></span>D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>der <span class=\"_ _b\"></span>the <span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>ikelih<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:47.609848px;\">cr<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alli<span class=\"_ _0\"></span>sat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in asses<span class=\"_ _0\"></span>sing whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er provi<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n is required for any cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b wsa1\" style=\"bottom:17.609848px;\">The <span class=\"_ _f\"></span>Group\u2019s <span class=\"_ _f\"></span>contingent <span class=\"_ _f\"></span>liabilities <span class=\"_ _f\"></span>relating <span class=\"_ _f\"></span>to <span class=\"_ _3\"></span>financing <span class=\"_ _f\"></span>arrangements <span class=\"_ _f\"></span>are <span class=\"_ _f\"></span>spread <span class=\"_ _f\"></span>over <span class=\"_ _f\"></span>many <span class=\"_ _f\"></span>years <span class=\"_ _f\"></span>and <span class=\"_ _3\"></span>relate <span class=\"_ _f\"></span>to <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>number <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>customers <span class=\"_ _3\"></span>and<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:2.609848px;\">a broad pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>lio and are rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a discoun<span class=\"_ _0\"></span>ted ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:970.28015px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:921.8484px;\">Po<span class=\"_ _3\"></span>st-retir<span class=\"_ _f\"></span>ement benefits<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:906.84204px;\">Pensi<span class=\"_ _0\"></span>ons and simil<span class=\"_ _0\"></span>ar be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s (p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cipal<span class=\"_ _0\"></span>ly heal<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>re) are <span class=\"_ _3\"></span>acc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d for und<span class=\"_ _0\"></span>er IA<span class=\"_ _0\"></span>S 19 <span class=\"ffbe\">Empl<span class=\"_ _0\"></span>oyee Be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>ts</span><span class=\"ls3 ws3\">.<span class=\"_ _351\"> </span></span></div><div class=\"t m5b h1a ffbd fse fc2 sc0 ls87 wsb5\" style=\"bottom:876.84204px;\">For <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit plans<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red <span class=\"_ _3\"></span>at <span class=\"_ _f\"></span>d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt <span class=\"_ _f\"></span>v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e, <span class=\"_ _3\"></span>using a <span class=\"_ _32\"></span>d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unt <span class=\"_ _3\"></span>rate <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>high<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>qual<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span> </div><div class=\"t m6ae h1a ffbd fse fc2 sc0 ls87 wsb5\" style=\"bottom:861.8421px;\">bo<span class=\"_ _0\"></span>nds <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>pl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>w<span class=\"_ _0\"></span>hil<span class=\"_ _0\"></span>st <span class=\"_ _3\"></span>pl<span class=\"_ _0\"></span>an <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>at fair <span class=\"_ _f\"></span>v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>. <span class=\"_ _f\"></span>S<span class=\"_ _0\"></span>urp<span class=\"_ _0\"></span>lus<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>in <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span>are <span class=\"_ _3\"></span>rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:846.8421px;\">only <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ey <span class=\"_ _0\"></span>repre<span class=\"_ _0\"></span>sent <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>c <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>avai<span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>gain<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>atel<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>in<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:831.8421px;\">OC<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>. The ser<span class=\"_ _2\"></span>vice an<span class=\"_ _0\"></span>d financi<span class=\"_ _0\"></span>ng cos<span class=\"_ _0\"></span>ts of such pl<span class=\"_ _0\"></span>ans are reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed se<span class=\"_ _0\"></span>para<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y in the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:809.3421px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">curre<span class=\"_ _0\"></span>nt ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are spread sy<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y over the lives of emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>es;<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:786.8421px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">pas<span class=\"_ _0\"></span>t-se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce cost<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d imme<span class=\"_ _0\"></span>diat<span class=\"_ _0\"></span>ely<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:764.3421px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">fina<span class=\"_ _0\"></span>ncing co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds in which th<span class=\"_ _0\"></span>ey aris<span class=\"_ _0\"></span>e.<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:734.3421px;\">UK <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span>qual<span class=\"_ _0\"></span>ise <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>fer <span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ues <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b ws98\" style=\"bottom:719.3421px;\">and w<span class=\"_ _3\"></span>omen.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:689.3421px;\">Paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to defin<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>mes are charge<span class=\"_ _0\"></span>d as an expen<span class=\"_ _0\"></span>se as they fa<span class=\"_ _0\"></span>ll due.<span class=\"_ _351\"> </span></div><div class=\"t m0 h5b ffbe fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:635.6061px;\">Key <span class=\"_ _3\"></span>estimate \u2013 <span class=\"_ _3\"></span>Estimates of the <span class=\"_ _3\"></span>assumptions for <span class=\"_ _3\"></span>valuing the <span class=\"_ _3\"></span>net defined benefit obligation<span class=\"_ _351\"> </span></div><div class=\"t m19e h1a ffbd fse fc2 sc0 ls157 wsa1\" style=\"left:13.294952px; bottom:620.6061px;\">The <span class=\"_ _0\"></span>Group\u2019s<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>fined <span class=\"_ _0\"></span>benefi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>pension <span class=\"_ _0\"></span>schemes <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>similar arrangements <span class=\"_ _2\"></span>are assessed <span class=\"_ _2\"></span>annually<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>accordance <span class=\"_ _0\"></span>with <span class=\"_ _0\"></span>IA<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>9. <span class=\"_ _0\"></span>The <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls8f wsbc\" style=\"left:13.294952px; bottom:605.6061px;\">val<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> whic<span class=\"_ _0\"></span>h are bas<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on ass<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span> inde<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l ad<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, resu<span class=\"_ _0\"></span>lte<span class=\"_ _0\"></span>d in a net<span class=\"_ _0\"></span> defi<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>t of \u00a342<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m be<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:590.6061px;\">defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 (<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>cit of <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>m). T<span class=\"_ _0\"></span>he size <span class=\"_ _0\"></span>of t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t sur<span class=\"_ _0\"></span>plu<span class=\"_ _0\"></span>s/<span class=\"_ _351\"> </span></div><div class=\"t m48c h1a ffbd fse fc2 sc0 ls60 ws8d\" style=\"left:13.294952px; bottom:575.6061px;\">defi<span class=\"_ _0\"></span>cit <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>rial <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>ssump<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>dis<span class=\"_ _0\"></span>count <span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>ate, <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>infl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:560.6061px;\">lon<span class=\"_ _0\"></span>gev<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>K<span class=\"_ _2\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>umbe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>lan <span class=\"_ _2\"></span>me<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>rs <span class=\"_ _2\"></span>who <span class=\"_ _2\"></span>take <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sfe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>heir <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>lump <span class=\"_ _2\"></span>sum <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>tire<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m5 h1a ffbd fse fc2 sc0 ls98 wsc5\" style=\"left:13.294952px; bottom:545.6061px;\">or <span class=\"_ _b\"></span>who <span class=\"_ _b\"> </span>c<span class=\"_ _0\"></span>hoo<span class=\"_ _0\"></span>se <span class=\"_ _b\"></span>to <span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>ake <span class=\"_ _b\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>Br<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>ing <span class=\"_ _b\"></span>Pen<span class=\"_ _0\"></span>sion <span class=\"_ _b\"> </span>O<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n. <span class=\"_ _b\"></span>Fol<span class=\"_ _0\"></span>lowi<span class=\"_ _0\"></span>ng <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _b\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>UK <span class=\"_ _b\"> </span>s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>clos<span class=\"_ _0\"></span>ed <span class=\"_ _b\"> </span>to <span class=\"_ _b\"> </span>f<span class=\"_ _0\"></span>utu<span class=\"_ _0\"></span>re <span class=\"_ _b\"></span>accr<span class=\"_ _0\"></span>ual <span class=\"_ _b\"></span>on <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:530.6061px;\">31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m24c h1a ffbd fse fc2 sc0 ls74 wsa2\" style=\"left:13.294952px; bottom:508.10608px;\">A <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unt <span class=\"_ _2\"></span>rate <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>0.<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>5% <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>0% <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>uld <span class=\"_ _2\"></span>lea<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ncreas<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fit <span class=\"_ _2\"></span>obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>R<span class=\"_ _0\"></span>R <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>K<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:493.10608px;\">Pensi<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>Fund <span class=\"_ _0\"></span>(R<span class=\"_ _0\"></span>RU<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>PF<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>proxim<span class=\"_ _0\"></span>atel<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Thi<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wou<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>be <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>roa<span class=\"_ _0\"></span>dly <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:478.10608px;\">ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, as the sche<span class=\"_ _0\"></span>me\u2019s inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s are designe<span class=\"_ _0\"></span>d to miti<span class=\"_ _0\"></span>gate thi<span class=\"_ _0\"></span>s risk<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m6b0 h1a ffbd fse fc2 sc0 ls77 wsa5\" style=\"left:13.294952px; bottom:455.60608px;\">An <span class=\"_ _2\"></span>incre<span class=\"_ _0\"></span>ase <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>assu<span class=\"_ _0\"></span>med <span class=\"_ _2\"></span>ra<span class=\"_ _0\"></span>te <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>infl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5% <span class=\"_ _2\"></span>(RP<span class=\"_ _0\"></span>I <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _2\"></span>3.<span class=\"_ _2\"></span>50<span class=\"_ _0\"></span>% <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>C<span class=\"_ _0\"></span>PI <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5%) <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ould <span class=\"_ _2\"></span>le<span class=\"_ _0\"></span>ad <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>incre<span class=\"_ _0\"></span>ase <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:440.60608px;\">ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns of the RRU<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>PF of app<span class=\"_ _0\"></span>roxima<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y \u00a370<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsc4 wsf0\" style=\"left:13.294952px; bottom:418.10608px;\">A on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> in lif<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> 21<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span> yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s (ma<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> 65<span class=\"_ _0\"></span>) an<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m 23<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>2 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> (mal<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d 4<span class=\"_ _0\"></span>5)<span class=\"_ _0\"></span> wou<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:403.10608px;\">ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns of the RRU<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>PF by app<span class=\"_ _0\"></span>roximat<span class=\"_ _0\"></span>ely \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5m<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:380.60608px;\">Furt<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r det<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s and sensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are include<span class=\"_ _0\"></span>d in note 22<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:335.60007px;\">Shar<span class=\"_ _3\"></span>e-based pa<span class=\"_ _f\"></span>yments<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6b wsa1\" style=\"bottom:320.60007px;\">The <span class=\"_ _f\"></span>Group <span class=\"_ _f\"></span>provides <span class=\"_ _32\"></span>share-base<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>payment <span class=\"_ _f\"></span>arrangements <span class=\"_ _f\"></span>to <span class=\"_ _f\"></span>cer<span class=\"_ _0\"></span>tain <span class=\"_ _f\"></span>employees. <span class=\"_ _f\"></span>These <span class=\"_ _f\"></span>are <span class=\"_ _f\"></span>principally <span class=\"_ _f\"></span>equity-se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tled <span class=\"_ _f\"></span>arrangements <span class=\"_ _f\"></span>and <span class=\"_ _f\"></span>are<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls63 ws90\" style=\"bottom:305.60007px;\">measured at fair value (<span class=\"_ _3\"></span>excluding the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of non-market based vest<span class=\"_ _0\"></span>ing conditio<span class=\"_ _0\"></span>ns) at<span class=\"_ _3\"></span> the date of grant. The fair value is <span class=\"_ _3\"></span>expens<span class=\"_ _0\"></span>ed on a<span class=\"_ _351\"> </span> </div><div class=\"t m66a h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"bottom:290.60007px;\">st<span class=\"_ _0\"></span>raig<span class=\"_ _0\"></span>ht-line <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>asis <span class=\"_ _2\"></span>over <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>amoun<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>ense <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ual <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>umbe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>hares <span class=\"_ _2\"></span>or<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5d ws2\" style=\"bottom:275.60007px;\">op<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> tha<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> wil<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> ves<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>, exc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> ad<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> as a res<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d pe<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _2\"></span>, su<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h as<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> </div><div class=\"t m1c0 h1a ffbd fse fc2 sc0 ls60 ws8d\" style=\"bottom:260.60007px;\">retu<span class=\"_ _0\"></span>rn <span class=\"_ _0\"></span>(<span class=\"_ _2\"></span>TS<span class=\"_ _0\"></span>R) <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>ng-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>cent<span class=\"_ _0\"></span>ive <span class=\"_ _2\"></span>pl<span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>(L<span class=\"_ _3\"></span>TI<span class=\"_ _0\"></span>P), <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>requi<span class=\"_ _0\"></span>red <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>llow<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:245.60007px;\">pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rman<span class=\"_ _0\"></span>ce cond<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ons are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in the init<span class=\"_ _0\"></span>ial fai<span class=\"_ _0\"></span>r value<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:215.60007px;\">Ca<span class=\"_ _0\"></span>sh-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>share <span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns (<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>rant<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e In<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>Save <span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>an) are m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue <span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>eet <span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Grou<span class=\"_ _0\"></span>p<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:200.60007px;\">reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es a <span class=\"_ _0\"></span>lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>she<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se f<span class=\"_ _0\"></span>air <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>into a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>unt t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>numb<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>f op<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t are<span class=\"_ _0\"></span> </div><div class=\"t m6b1 h1a ffbd fse fc2 sc0 ls6a ws97\" style=\"bottom:185.60007px;\">expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ompl<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d. <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>this <span class=\"_ _2\"></span>liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>are <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:170.60007px;\">st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent for th<span class=\"_ _0\"></span>e year<span class=\"_ _3\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:140.60007px;\">The <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>sha<span class=\"_ _0\"></span>res o<span class=\"_ _0\"></span>f R<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Roy<span class=\"_ _0\"></span>ce H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>lc <span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>by t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>urp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>f f<span class=\"_ _0\"></span>ulfi<span class=\"_ _0\"></span>llin<span class=\"_ _0\"></span>g o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>are<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:125.60007px;\">pla<span class=\"_ _0\"></span>ns is <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d from <span class=\"_ _3\"></span>equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y in <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e consol<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>ed bala<span class=\"_ _0\"></span>nce shee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. See note 24 <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>or a <span class=\"_ _3\"></span>fur<span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>r descrip<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e share-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed paym<span class=\"_ _0\"></span>ent plans<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:94.10022px;\">Costs <span class=\"_ _3\"></span>of shar<span class=\"_ _f\"></span>e issues<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:79.10022px;\">The cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of issuin<span class=\"_ _0\"></span>g ordinar<span class=\"_ _2\"></span>y shares are charge<span class=\"_ _0\"></span>d to the share premiu<span class=\"_ _0\"></span>m accoun<span class=\"_ _0\"></span>t.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:47.60022px;\">Re<span class=\"_ _3\"></span>visions to <span class=\"_ _3\"></span>IFRS not <span class=\"_ _3\"></span>applicable in 2022<span class=\"_ _351\"> </span></div><div class=\"t m6b2 h1a ffbd fse fc2 sc0 ls65 ws92\" style=\"bottom:32.60022px;\">Sta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rds <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>erp<span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>B <span class=\"_ _0\"></span>are <span class=\"_ _2\"></span>only <span class=\"_ _2\"></span>app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>if <span class=\"_ _2\"></span>end<span class=\"_ _0\"></span>ors<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>han <span class=\"_ _2\"></span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>7 <span class=\"_ _0\"></span><span class=\"ffbe ls6d wscb\">I<span class=\"_ _0\"></span>nsura<span class=\"_ _0\"></span>nce <span class=\"_ _2\"></span>Co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span></span><span class=\"ffbe ls6d wscb\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:17.60022px;\">des<span class=\"_ _0\"></span>crib<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on p<span class=\"_ _0\"></span>age <span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s not c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t any s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndard<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s or <span class=\"_ _0\"></span>inter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>SB<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>but <span class=\"_ _0\"></span>not ye<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:2.6002197px;\">app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e will have a signific<span class=\"_ _0\"></span>ant imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t on the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted Fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al Sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:953.0145px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:389.60828px;\">1\u2002<span class=\"_ _c\"> </span>Accounting\u2002policies\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 hc4 ffc1 fsc fc2 sc0 ls6f ws9c\" style=\"bottom:364.10828px;\">IFRS 17 <span class=\"_ _3\"></span>Insur<span class=\"_ _3\"></span>ance Con<span class=\"_ _3\"></span>tracts<span class=\"_ _351\"> </span></div><div class=\"t m414 h1a ffbd fse fc2 sc0 ls87 wsb5\" style=\"bottom:349.10828px;\">IFR<span class=\"_ _0\"></span>S <span class=\"_ _3\"></span>17 <span class=\"_ _3\"></span>issu<span class=\"_ _0\"></span>ed in <span class=\"_ _f\"></span>May <span class=\"_ _3\"></span>20<span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>, estab<span class=\"_ _0\"></span>lish<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>rinci<span class=\"_ _0\"></span>ples for <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>mea<span class=\"_ _0\"></span>sureme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>and <span class=\"_ _3\"></span>dis<span class=\"_ _0\"></span>closu<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls98 wsc5\" style=\"bottom:334.10828px;\">with<span class=\"_ _3\"></span>in<span class=\"_ _3\"></span> the sc<span class=\"_ _3\"></span>ope o<span class=\"_ _3\"></span>f the<span class=\"_ _3\"></span> Stand<span class=\"_ _3\"></span>ard.<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>The<span class=\"_ _3\"></span> Stand<span class=\"_ _3\"></span>ard<span class=\"_ _3\"></span> is effecti<span class=\"_ _3\"></span>ve f<span class=\"_ _3\"></span>or y<span class=\"_ _3\"></span>ears<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>begi<span class=\"_ _3\"></span>nni<span class=\"_ _3\"></span>ng on<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>or a<span class=\"_ _3\"></span>fter 1<span class=\"_ _3\"></span> Janu<span class=\"_ _3\"></span>ary 2023 wi<span class=\"_ _3\"></span>th a r<span class=\"_ _3\"></span>equ<span class=\"_ _3\"></span>ir<span class=\"_ _3\"></span>emen<span class=\"_ _3\"></span>t to<span class=\"_ _3\"></span> res<span class=\"_ _3\"></span>tate<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"bottom:319.10828px;\">comparatives<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m6b3 h1a ffbd fse fc2 sc0 ls72 wsa1\" style=\"bottom:296.60822px;\">The <span class=\"_ _0\"></span>Group <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>reviewed <span class=\"_ _0\"></span>whether <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>arrangements <span class=\"_ _0\"></span>meet <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>accounting <span class=\"_ _0\"></span>definition <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>insurance <span class=\"_ _0\"></span>contract. <span class=\"_ _2\"></span>While <span class=\"_ _0\"></span>some <span class=\"_ _0\"></span>contract<span class=\"_ _0\"></span>s, <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:281.60822px;\">inclu<span class=\"_ _0\"></span>ding <span class=\"_ _0\"></span>Ci<span class=\"_ _0\"></span>vil <span class=\"_ _0\"></span>LTSA<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>may <span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>nsfe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>elem<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ey <span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>rant<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>vice <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pe <span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>reem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>ssue<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in<span class=\"_ _351\"> </span> </div><div class=\"t m179 h1a ffbd fse fc2 sc0 ls73 ws9a\" style=\"bottom:266.60822px;\">conn<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ales <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ds <span class=\"_ _2\"></span>or <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>fore <span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>rema<span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>nted <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>und<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>exis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng <span class=\"_ _2\"></span>revenue <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span> <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:251.60822px;\">provi<span class=\"_ _0\"></span>sion st<span class=\"_ _0\"></span>anda<span class=\"_ _0\"></span>rds<span class=\"_ _0\"></span>. The <span class=\"_ _3\"></span>Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>have judge<span class=\"_ _0\"></span>d that such <span class=\"_ _3\"></span>arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s entered into <span class=\"_ _3\"></span>af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e origina<span class=\"_ _0\"></span>l equipme<span class=\"_ _0\"></span>nt sale r<span class=\"_ _3\"></span>em<span class=\"_ _0\"></span>ain suf<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cient<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:236.60822px;\">rela<span class=\"_ _0\"></span>ted to the sale of the Gro<span class=\"_ _0\"></span>up\u2019s goo<span class=\"_ _0\"></span>ds and ser<span class=\"_ _2\"></span>vice<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m1a7 h1a ffbd fse fc2 sc0 ls77 ws9a\" style=\"bottom:214.10822px;\">The <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>St<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ive <span class=\"_ _2\"></span>insura<span class=\"_ _0\"></span>nce <span class=\"_ _2\"></span>comp<span class=\"_ _0\"></span>any <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:199.10822px;\">howeve<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>, t<span class=\"_ _0\"></span>he im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>rgel<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>te ou<span class=\"_ _0\"></span>t in <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al St<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es a <span class=\"_ _0\"></span>simp<span class=\"_ _0\"></span>lifi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6e wsae\" style=\"bottom:184.10822px;\">approac<span class=\"_ _3\"></span>h and modifications<span class=\"_ _3\"></span> to its gener<span class=\"_ _3\"></span>al measu<span class=\"_ _3\"></span>rement<span class=\"_ _3\"></span> model that can<span class=\"_ _3\"></span> be applied i<span class=\"_ _3\"></span>n certain cir<span class=\"_ _3\"></span>cumstances. Give<span class=\"_ _3\"></span>n the co<span class=\"_ _3\"></span>verage period<span class=\"_ _351\"> </span> </div><div class=\"t m6b4 h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"bottom:169.10822px;\">of <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _2\"></span>insura<span class=\"_ _0\"></span>nce <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mpany <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>12 <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>hs <span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>les<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>inten<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ake <span class=\"_ _2\"></span>use <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>\u2018p<span class=\"_ _0\"></span>remium <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:154.10822px;\">allo<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>ach\u2019 fo<span class=\"_ _0\"></span>r the re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of pre<span class=\"_ _0\"></span>miums<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nfi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce leve<span class=\"_ _0\"></span>l and r<span class=\"_ _0\"></span>isk a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g a weig<span class=\"_ _0\"></span>hted<span class=\"_ _0\"></span> </div><div class=\"t m6b5 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"bottom:139.10822px;\">averag<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>disc<span class=\"_ _0\"></span>ount <span class=\"_ _2\"></span>rate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Euro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>Insur<span class=\"_ _0\"></span>ance <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>ccup<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>Pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>Au<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>(EI<span class=\"_ _0\"></span>OPA)<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:124.108215px;\">risk-free <span class=\"_ _2\"></span>inte<span class=\"_ _0\"></span>rest <span class=\"_ _2\"></span>rat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>op<span class=\"_ _0\"></span>enin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>ll <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>result<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>7, an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:109.108215px;\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d impac<span class=\"_ _0\"></span>t on accumul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es is less th<span class=\"_ _0\"></span>an <span class=\"ls80 wsae\">\u00a31m<span class=\"ls3 ws3\">.<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:86.608215px;\">The Group <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>cess of <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ding its <span class=\"_ _3\"></span>ana<span class=\"_ _0\"></span>lysi<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>ere <span class=\"_ _3\"></span>is <span class=\"_ _3\"></span>any fur<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>impa<span class=\"_ _0\"></span>ct as <span class=\"_ _f\"></span>a <span class=\"_ _3\"></span>resul<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>ad<span class=\"_ _0\"></span>opt<span class=\"_ _0\"></span>ing the <span class=\"_ _3\"></span>new Standa<span class=\"_ _0\"></span>rd. This<span class=\"_ _351\"> </span> </div><div class=\"t m6b6 h1a ffbd fse fc2 sc0 ls74 wsa2\" style=\"bottom:71.608215px;\">will <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>fir<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>hal<span class=\"_ _0\"></span>f <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>At <span class=\"_ _2\"></span>thi<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ime <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>fu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>kno<span class=\"_ _0\"></span>wn <span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>bly <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nfo<span class=\"_ _0\"></span>rmat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>iscl<span class=\"_ _0\"></span>ose <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _2\"></span>is <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:56.608215px;\">relev<span class=\"_ _0\"></span>ant to asses<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g the pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t that ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the new IFR<span class=\"_ _0\"></span>S will have on the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d Finan<span class=\"_ _0\"></span>cial St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:32.608215px;\">Po<span class=\"_ _3\"></span>st balance <span class=\"_ _3\"></span>sheet ev<span class=\"_ _f\"></span>ents<span class=\"_ _351\"> </span></div><div class=\"t m1e h1a ffbd fse fc2 sc0 ls65 ws9a\" style=\"bottom:17.608215px;\">The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>has <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>gal <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>any <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ngo<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>cee<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ese <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"bottom:2.6082153px;\">appropriate.<span class=\"_ _351\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-752": {
   "value": "The Company and the Group Rolls-Royce Holdings plc (the \u2018Company\u2019) is a public company limited by shares incorporated under the Companies Act 2006 and domiciled in England in the United Kingdom. The Consolidated Financial Statements of the Company for the year ended 31 December 2022 consist of the audited consolidation of the Financial Statements of the Company and its subsidiaries (together referred to as the Group) together with the Group\u2019s interest in jointly controlled and associated entities. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-12": {
   "value": "public company limited",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-14": {
   "value": "England",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-13": {
   "value": "United Kingdom",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-813": {
   "value": "Basis of preparation and statement of compliance The Company has elected to prepare its individual Company Financial Statements under FRS 101 Reduced Disclosure Framework. They are set out on pages 173 to 178 with the associated accounting policies from page 175. The Consolidated Financial Statements have been prepared in accordance with UK adopted International Accounting Standards (IAS) in conformity with the requirements of the Companies Act 2006 and interpretations issued by the IFRS Interpretations Committee (IFRS IC) applicable to companies reporting under UK adopted IFRS. ",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-753": {
   "value": "Basis of preparation and statement of compliance The Company has elected to prepare its individual Company Financial Statements under FRS 101 Reduced Disclosure Framework. They are set out on pages 173 to 178 with the associated accounting policies from page 175. The Consolidated Financial Statements have been prepared in accordance with UK adopted International Accounting Standards (IAS) in conformity with the requirements of the Companies Act 2006 and interpretations issued by the IFRS Interpretations Committee (IFRS IC) applicable to companies reporting under UK adopted IFRS. The Consolidated Financial Statements have been prepared on a going concern basis as described on page 48. The historical cost basis has been used except where IFRS require the revaluation of financial instruments to fair value and certain other assets and liabilities on an alternative basis, most significantly post-retirement scheme obligations are valued on the basis required by IAS 19 Employee Benefits. The Consolidated Financial Statements are presented in sterling which is the Company\u2019s functional currency. The preparation of the Consolidated Financial Statements requires management to make judgements and estimates that affect the  statutory amounts of assets and liabilities at the date of the Consolidated Financial Statements and the statutory amounts of revenue and expenses during the reporting period. Actual future outcomes could differ from those estimates. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-814": {
   "value": "The Consolidated Financial Statements are presented in sterling which is the Company\u2019s functional currency. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-754": {
   "value": "Going concern The Directors have undertaken a comprehensive going concern review. In adopting the going concern basis for preparing these  Consolidated Financial Statements, the Directors have undertaken a review of the Group\u2019s cash flow forecasts and available liquidity, along with consideration of the principal risks and uncertainties over an 18-month period to August 2024. Recognising the challenges of reliably estimating and forecasting the impact of external factors on the Group, the Directors have considered two forecasts in the assessment of going concern, along with a likelihood assessment of these forecasts, being: \u2014 base case, which reflects the Directors\u2019 current expectations of future trading of a steady and ongoing recovery of trading towards  pre-pandemic levels; and \u2014 stressed downside forecast, which envisages a \u2018stress\u2019 or \u2018downside\u2019 situation. The future impact of climate change on the Group has been considered through climate scenarios. The climate scenarios modelled do not have a material impact on the cash flow forecasts over the 18-month period to August 2024. Further details are given in the going concern review on page 48. After reviewing the current liquidity position and the cash flow forecasts modelled under both the base case and stressed downside, the Directors consider that the Group has sufficient liquidity to continue in operational existence for a period of at least 18 months from the date of this report and are therefore satisfied that it is appropriate to adopt the going concern basis of accounting in preparing the Consolidated Financial Statements. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-755": {
   "value": "Climate <span class=\"_ _3\"></span>change<span class=\"_ _351\"> </span>In prepa<span class=\"_ _0\"></span>ring th<span class=\"_ _0\"></span>e Conso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d Financi<span class=\"_ _0\"></span>al Stat<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts th<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>tors have consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d the poten<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l impac<span class=\"_ _0\"></span>t of <span class=\"_ _3\"></span>clim<span class=\"_ _0\"></span>ate chang<span class=\"_ _0\"></span>e, par<span class=\"_ _2\"></span>ticul<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ly in t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>S<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>R<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>B<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>T<span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rce <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>Cl<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>Fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>iscl<span class=\"_ _0\"></span>osures <span class=\"_ _2\"></span>(<span class=\"_ _0\"></span>TCFD) <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>mmen<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>pot<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ial <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>of <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>T<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios <span class=\"_ _2\"></span>pre<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsive <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icy, <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>tech<span class=\"_ _0\"></span>nol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>ma<span class=\"_ _0\"></span>rket <span class=\"_ _2\"></span>chan<span class=\"_ _0\"></span>ges <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>physi<span class=\"_ _0\"></span>cal <span class=\"_ _2\"></span>ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>uld <span class=\"_ _2\"></span>incl<span class=\"_ _0\"></span>ude <span class=\"_ _2\"></span>di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>dama<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>to a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d sup<span class=\"_ _0\"></span>ply <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>in di<span class=\"_ _0\"></span>srup<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Two of th<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d key <span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ansi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s have <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>een <span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>as p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y hav<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>a hi<span class=\"_ _0\"></span>gh impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up. <span class=\"_ _2\"></span>Th<span class=\"_ _0\"></span>ese <span class=\"_ _2\"></span>rel<span class=\"_ _0\"></span>ate <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isk <span class=\"_ _2\"></span>that <span class=\"_ _2\"></span>regu<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>chan<span class=\"_ _0\"></span>ges <span class=\"_ _2\"></span>cou<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>dem<span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>our <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>addre<span class=\"_ _0\"></span>ssin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>clim<span class=\"_ _0\"></span>ate change will r<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>quire shif<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent focus towards more <span class=\"_ _3\"></span>sust<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nabl<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and <span class=\"_ _3\"></span>sol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. Bot<span class=\"_ _0\"></span>h <span class=\"_ _3\"></span>of thes<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>risk<span class=\"_ _0\"></span>s are b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>fl<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>, have be<span class=\"_ _0\"></span>en consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d when pre<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e financi<span class=\"_ _0\"></span>al st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. The <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>set <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>nisa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>gy <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>lon<span class=\"_ _0\"></span>ger-term <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>resp<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>imate <span class=\"_ _2\"></span>chal<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>is eng<span class=\"_ _0\"></span>agin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>roa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ly <span class=\"_ _2\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rnal <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>keho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>advo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ions <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>so<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>achi<span class=\"_ _0\"></span>eve <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>zero <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>t. <span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s main shor<span class=\"_ _0\"></span>t- and longe<span class=\"_ _0\"></span>r<span class=\"_ _f\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m prio<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>: <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span>achie<span class=\"_ _0\"></span>ving <span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>zero <span class=\"_ _2\"></span>gree<span class=\"_ _0\"></span>nhou<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>gas <span class=\"_ _2\"></span>(G<span class=\"_ _0\"></span>HG) <span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>missi<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>by <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>all <span class=\"_ _2\"></span>en<span class=\"_ _0\"></span>ergy <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nsum<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>Group<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>manuf<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xcep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt)<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>his <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>met <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>;<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _b\"></span>;<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _b\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s to re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>s ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l en<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of th<span class=\"_ _0\"></span>e inv<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> sco<span class=\"_ _0\"></span>pe 1 and 2 <span class=\"_ _3\"></span>emis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n improveme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s is include<span class=\"_ _0\"></span>d in the forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t suppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t thes<span class=\"_ _0\"></span>e Cons<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>ed Fina<span class=\"_ _0\"></span>ncial St<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>; <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws9a\">th<span class=\"_ _0\"></span>e sc<span class=\"_ _0\"></span>ale <span class=\"_ _0\"></span>up o<span class=\"_ _0\"></span>f sus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aina<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>fue<span class=\"_ _0\"></span>ls <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>ll p<span class=\"_ _0\"></span>lay <span class=\"_ _0\"></span>a cr<span class=\"_ _0\"></span>ucial <span class=\"_ _0\"></span>role <span class=\"_ _0\"></span>in re<span class=\"_ _0\"></span>achin<span class=\"_ _0\"></span>g ne<span class=\"_ _0\"></span>t ze<span class=\"_ _0\"></span>ro ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. To accele<span class=\"_ _0\"></span>rate <span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>re wo<span class=\"_ _0\"></span>rki<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>o </span>dem<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rcial <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ero <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>ced<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ost <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>pul<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cipro<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>repres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>80<span class=\"_ _0\"></span>% <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>fol<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>, are <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>pat<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>ith <span class=\"_ _0\"></span>sus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aina<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>fue<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>s by <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>f 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3 <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>rkin<span class=\"_ _0\"></span>g w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h ou<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>rces <span class=\"_ _0\"></span>cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>ers <span class=\"_ _0\"></span>to a<span class=\"_ _0\"></span>chie<span class=\"_ _0\"></span>ve the sa<span class=\"_ _0\"></span>me goal<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>e Roll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royce en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s they use<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span>Climate <span class=\"_ _3\"></span>change (con<span class=\"_ _3\"></span>tinued)<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span>\u2014<span class=\"_ _351\"> </span>devel<span class=\"_ _0\"></span>opi<span class=\"_ _0\"></span>ng <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>reak<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh <span class=\"_ _f\"></span>new <span class=\"_ _3\"></span>tech<span class=\"_ _0\"></span>nol<span class=\"_ _0\"></span>ogi<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng <span class=\"_ _f\"></span>inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment <span class=\"_ _3\"></span>in <span class=\"_ _f\"></span>hyb<span class=\"_ _0\"></span>rid<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _f\"></span>in <span class=\"_ _f\"></span>P<span class=\"_ _0\"></span>ower <span class=\"_ _f\"></span>Sy<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ore <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cien<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>Ul<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aFan <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ero <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>sust<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>sma<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>odul<span class=\"_ _0\"></span>ar <span class=\"_ _2\"></span>reac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>(S<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>Rs) <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>hyb<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ful<span class=\"_ _0\"></span>ly<span class=\"_ _351\"> </span> ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic propul<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>. New produc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s will <span class=\"_ _3\"></span>be compa<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le with net <span class=\"_ _3\"></span>zero oper<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on by <span class=\"_ _f\"></span>2<span class=\"_ _0\"></span>03<span class=\"_ _0\"></span>0 and <span class=\"_ _3\"></span>all produ<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s will be <span class=\"_ _3\"></span>comp<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ible wit<span class=\"_ _0\"></span>h <span class=\"_ _3\"></span>ne<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>zero<span class=\"_ _0\"></span> o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>I<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>R<span class=\"_ _2\"></span>&amp;<span class=\"_ _2\"></span>D<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _2\"></span>(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _b\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _b\"></span>1<span class=\"_ _0\"></span>:<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _2\"></span>(<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>N<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>S<span class=\"_ _2\"></span>M<span class=\"_ _2\"></span>R<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> to progress through the <span class=\"_ _0\"></span>UK <span class=\"_ _0\"></span>generic design <span class=\"_ _0\"></span>assessment (GDA) process <span class=\"_ _0\"></span>and investment in <span class=\"_ _0\"></span>elect<span class=\"_ _0\"></span>rical propulsion <span class=\"_ _0\"></span>technology.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Futu<span class=\"_ _3\"></span>re <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt require<span class=\"_ _0\"></span>d to deliv<span class=\"_ _0\"></span>er thes<span class=\"_ _0\"></span>e techn<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>es is includ<span class=\"_ _0\"></span>ed in the fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t suppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d Fina<span class=\"_ _0\"></span>ncial St<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e cl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ev<span class=\"_ _2\"></span>io<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> vi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> of ou<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>y, de<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>rb<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h to<span class=\"_ _0\"></span> mana<span class=\"_ _0\"></span>ging <span class=\"_ _2\"></span>cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>ri<span class=\"_ _0\"></span>sk <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>devel<span class=\"_ _0\"></span>op <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>las<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>year <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>se<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ut <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>our <span class=\"_ _2\"></span>Cli<span class=\"_ _0\"></span>mate <span class=\"_ _2\"></span>Rev<span class=\"_ _0\"></span>iew. <span class=\"_ _2\"></span>Th<span class=\"_ _0\"></span>ere <span class=\"_ _2\"></span>remain<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nhere<span class=\"_ _0\"></span>nt<span class=\"_ _351\"> </span> unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _2\"></span>use<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>how <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>flow<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>profi<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>j<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> on<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> ba<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>k<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> and the co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts ma<span class=\"_ _0\"></span>de to investo<span class=\"_ _0\"></span>rs and oth<span class=\"_ _0\"></span>er st<span class=\"_ _0\"></span>akeh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> Sta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in rel<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to are<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h as reve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n fo<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> impairment<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>reviews <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>no<span class=\"_ _0\"></span>n-current <span class=\"_ _f\"></span>assets <span class=\"_ _3\"></span>and <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ying <span class=\"_ _f\"></span>amount <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>deferred <span class=\"_ _f\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span>assets <span class=\"_ _3\"></span>consider <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>findings <span class=\"_ _f\"></span>from <span class=\"_ _f\"></span>the <span class=\"_ _3\"></span>climate <span class=\"_ _f\"></span>scenarios<span class=\"_ _351\"> </span> prep<span class=\"_ _0\"></span>ared<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Key <span class=\"_ _2\"></span>var<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>les <span class=\"_ _2\"></span>incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>bas<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Inte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onal <span class=\"_ _2\"></span>En<span class=\"_ _0\"></span>ergy <span class=\"_ _2\"></span>Ag<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>(IE<span class=\"_ _2\"></span>A) <span class=\"_ _2\"></span>N<span class=\"_ _0\"></span>et <span class=\"_ _2\"></span>Zero <span class=\"_ _2\"></span>sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span> increase <span class=\"_ _3\"></span>from $4<span class=\"_ _0\"></span>6 per t<span class=\"_ _3\"></span>onne of <span class=\"_ _3\"></span>carb<span class=\"_ _0\"></span>on in <span class=\"_ _3\"></span>202<span class=\"_ _0\"></span>2 to <span class=\"_ _3\"></span>$2<span class=\"_ _0\"></span>50 per tonne i<span class=\"_ _3\"></span>n 205<span class=\"_ _0\"></span>0, and <span class=\"_ _3\"></span>commodit<span class=\"_ _0\"></span>y price, temperature<span class=\"_ _3\"></span> rise and <span class=\"_ _3\"></span>GDP information<span class=\"_ _351\"> </span> from the Ox<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ord Econ<span class=\"_ _0\"></span>omic<span class=\"_ _0\"></span>s Glo<span class=\"_ _0\"></span>bal Clima<span class=\"_ _0\"></span>te Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>e Net Zero scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o aligne<span class=\"_ _0\"></span>d to IPC<span class=\"_ _0\"></span>C SSP<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>-1<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span> As <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>wha<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>increm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ill <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>take<span class=\"_ _0\"></span>n b<span class=\"_ _0\"></span>y g<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>nmen<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>yet <span class=\"_ _0\"></span>ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>icing<span class=\"_ _0\"></span> has <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>uant<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>pot<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ial <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up. <span class=\"_ _2\"></span>T<span class=\"_ _f\"></span>o <span class=\"_ _2\"></span>ensure <span class=\"_ _2\"></span>revenu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>or <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng<span class=\"_ _351\"> </span> v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s is<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span>t ov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> it<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>en<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g fa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>s on<span class=\"_ _0\"></span> ou<span class=\"_ _0\"></span>r ow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>nu<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e of<span class=\"_ _0\"></span> our<span class=\"_ _0\"></span> su<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> chain<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Gro<span class=\"_ _0\"></span>up <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill <span class=\"_ _2\"></span>be <span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>mit<span class=\"_ _0\"></span>igat<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>ele<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>it <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>sco<span class=\"_ _0\"></span>pe <span class=\"_ _2\"></span>1 <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>2 <span class=\"_ _2\"></span>emis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, manuf<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ated <span class=\"_ _2\"></span>into <span class=\"_ _2\"></span>fore<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>mad<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>onis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rnal <span class=\"_ _2\"></span>supp<span class=\"_ _0\"></span>ly <span class=\"_ _2\"></span>chain <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>thi<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>may <span class=\"_ _2\"></span>have <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>whil<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>know<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> finan<span class=\"_ _0\"></span>cial <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>ling <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _2\"></span>this <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>comp<span class=\"_ _0\"></span>lex <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>heref<span class=\"_ _0\"></span>ore <span class=\"_ _2\"></span>take <span class=\"_ _2\"></span>som<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>fina<span class=\"_ _0\"></span>ncial <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>llin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>ex<span class=\"_ _0\"></span>tent <span class=\"_ _2\"></span>to<span class=\"_ _351\"> </span> which <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up\u2019s cur<span class=\"_ _0\"></span>rent s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>lier <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of<span class=\"_ _2\"></span>fer p<span class=\"_ _0\"></span>rote<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n fro<span class=\"_ _0\"></span>m cos<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>to m<span class=\"_ _0\"></span>ediu<span class=\"_ _0\"></span>m te<span class=\"_ _0\"></span>rm w<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>cing <span class=\"_ _0\"></span>is fi<span class=\"_ _0\"></span>xed <span class=\"_ _0\"></span>or<span class=\"_ _351\"> </span> subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>cl<span class=\"_ _0\"></span>ause<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>aut<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>woul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>to <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> me<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> te<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ma<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> op<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> me<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>F<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> Ci<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> Ae<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>spa<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>t is <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>aps <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>thin <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>numb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>of i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm s<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>vice <span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>reem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(L<span class=\"_ _3\"></span>TS<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>) c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ould <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>gge<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> meaning <span class=\"_ _32\"></span>additional <span class=\"_ _f\"></span>cost<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>could <span class=\"_ _f\"></span>remain<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>within <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>business <span class=\"_ _f\"></span>under <span class=\"_ _f\"></span>curren<span class=\"_ _3\"></span>t <span class=\"_ _f\"></span>commercial<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>arrangements <span class=\"_ _f\"></span>until <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>end <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>existing <span class=\"_ _f\"></span>contract <span class=\"_ _f\"></span>pe<span class=\"_ _0\"></span>riods.Whe<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>dete<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>amoun<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _2\"></span>cumula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _2\"></span>revenue <span class=\"_ _2\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>ng-<span class=\"_ _0\"></span>term <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>one<span class=\"_ _0\"></span>rous <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>assum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>ab<span class=\"_ _0\"></span>ove <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>use<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>clima<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>had <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span> im<span class=\"_ _3\"></span>pact<span class=\"_ _3\"></span> on re<span class=\"_ _3\"></span>ve<span class=\"_ _3\"></span>nue<span class=\"_ _3\"></span> catc<span class=\"_ _3\"></span>h-up<span class=\"_ _3\"></span>s in<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>the<span class=\"_ _3\"></span> yea<span class=\"_ _3\"></span>r (2021:<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>\u00a3(17)m<span class=\"_ _3\"></span>) or<span class=\"_ _3\"></span> on co<span class=\"_ _3\"></span>ntra<span class=\"_ _3\"></span>ct lo<span class=\"_ _3\"></span>ss pr<span class=\"_ _3\"></span>ov<span class=\"_ _3\"></span>isio<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span> (2021: \u00a3(<span class=\"_ _3\"></span>20)m<span class=\"_ _3\"></span>).<span class=\"_ _3\"></span> Incr<span class=\"_ _3\"></span>eas<span class=\"_ _3\"></span>es i<span class=\"_ _3\"></span>n car<span class=\"_ _3\"></span>bon an<span class=\"_ _3\"></span>d co<span class=\"_ _3\"></span>mmod<span class=\"_ _3\"></span>ity<span class=\"_ _351\"> </span> pri<span class=\"_ _0\"></span>ce es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s over <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>curren<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>are es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>d to <span class=\"_ _0\"></span>be <span class=\"_ _0\"></span>aroun<span class=\"_ _0\"></span>d 1% <span class=\"_ _0\"></span>(20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: <span class=\"_ _0\"></span>1%). <span class=\"_ _0\"></span>A se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>s pre<span class=\"_ _0\"></span>sent<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he key<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> of es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 11<span class=\"_ _0\"></span>6)<span class=\"_ _0\"></span> to dis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> of a <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ur<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> 1% co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span> mig<span class=\"_ _0\"></span>ht ar<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r unm<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> increa<span class=\"_ _0\"></span>ses in ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on and/or commo<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>icing<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Impairment testing of <span class=\"_ _0\"></span>non-<span class=\"_ _0\"></span>current<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>assets <span class=\"_ _0\"></span>including goodwill <span class=\"_ _0\"></span>and programme asset<span class=\"_ _0\"></span>s has <span class=\"_ _0\"></span>considered the <span class=\"_ _0\"></span>above risks <span class=\"_ _0\"></span>as well <span class=\"_ _0\"></span>as assessing<span class=\"_ _351\"> </span> ho<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>\u2019s<span class=\"_ _0\"></span> 1.<span class=\"_ _2\"></span>5<span class=\"_ _351\"> </span>o<span class=\"_ _351\"> </span>C an<span class=\"_ _0\"></span>d 3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span>o<span class=\"_ _351\"> </span>C <span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rios may change the demand for produc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>over the medium and longe<span class=\"_ _0\"></span>r term. Given the headro<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>,<span class=\"_ _351\"> </span> the clim<span class=\"_ _0\"></span>ate sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d do not indic<span class=\"_ _0\"></span>ate any poten<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l impai<span class=\"_ _0\"></span>rmen<span class=\"_ _0\"></span>t. Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er info<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is provide<span class=\"_ _0\"></span>d in note 9.<span class=\"_ _351\"> </span>De<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t it <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>that <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>able <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l b<span class=\"_ _0\"></span>e av<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>aga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>unus<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span> los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le te<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y dif<span class=\"_ _2\"></span>feren<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>tili<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d. <span class=\"_ _0\"></span>The <span class=\"_ _0\"></span>weig<span class=\"_ _0\"></span>hted <span class=\"_ _0\"></span>down<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>des <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span> assum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. <span class=\"_ _2\"></span>W<span class=\"_ _0\"></span>hil<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>llus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ates <span class=\"_ _2\"></span>pre<span class=\"_ _0\"></span>ssure <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>dec<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>ne<span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>lier <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span> oppor<span class=\"_ _0\"></span>tunity to<span class=\"_ _3\"></span> receiv<span class=\"_ _3\"></span>e value<span class=\"_ _3\"></span> for mor<span class=\"_ _3\"></span>e ef<span class=\"_ _0\"></span>ficient<span class=\"_ _3\"></span> and s<span class=\"_ _3\"></span>ustainable pr<span class=\"_ _3\"></span>oducts<span class=\"_ _0\"></span>. F<span class=\"_ _f\"></span>ur<span class=\"_ _0\"></span>ther details ar<span class=\"_ _3\"></span>e incl<span class=\"_ _3\"></span>uded in no<span class=\"_ _3\"></span>te 5 t<span class=\"_ _3\"></span>ogether with sen<span class=\"_ _3\"></span>sitivity<span class=\"_ _351\"> </span> anal<span class=\"_ _0\"></span>ysis in the key source<span class=\"_ _0\"></span>s of est<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n uncer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y sec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion be<span class=\"_ _0\"></span>low.<span class=\"_ _351\"> </span>The <span class=\"_ _3\"></span>clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>-re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates <span class=\"_ _3\"></span>and assumpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _3\"></span>have <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>to <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>key <span class=\"_ _3\"></span>area<span class=\"_ _0\"></span>s <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>or <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>urces <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> for the yea<span class=\"_ _0\"></span>r ende<span class=\"_ _0\"></span>d 31 Dece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 are tho<span class=\"_ _0\"></span>se rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to the recover<span class=\"_ _0\"></span>able am<span class=\"_ _0\"></span>ount of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>curren<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>ludin<span class=\"_ _0\"></span>g goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>, ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ta<span class=\"_ _2\"></span>x<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d me<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> re<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>-<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e ite<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s are<span class=\"_ _0\"></span> inc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e key ar<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span> jud<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d key<span class=\"_ _0\"></span> sou<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s of es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> summ<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> on pa<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e 11<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> and expl<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed in det<span class=\"_ _0\"></span>ail th<span class=\"_ _0\"></span>rough<span class=\"_ _0\"></span>out th<span class=\"_ _0\"></span>e signifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt accou<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ng pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Ite<span class=\"_ _0\"></span>ms that may <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by <span class=\"_ _f\"></span>cl<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>sks<span class=\"_ _0\"></span>, but which are <span class=\"_ _f\"></span>n<span class=\"_ _0\"></span>ot consid<span class=\"_ _0\"></span>ered to be <span class=\"_ _3\"></span>key areas of <span class=\"_ _f\"></span>ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s or <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>ourc<span class=\"_ _0\"></span>es of <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _351\"> </span> unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y in the curre<span class=\"_ _0\"></span>nt finan<span class=\"_ _0\"></span>cial year are out<span class=\"_ _0\"></span>line<span class=\"_ _0\"></span>d on pag<span class=\"_ _0\"></span>e 112<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:482.60828px;\">Climate <span class=\"_ _3\"></span>change (con<span class=\"_ _3\"></span>tinued)<span class=\"_ _351\"> </span></div><div class=\"t m9b h1a ffbe fse fc2 sc0 ls6a ws97\" style=\"bottom:467.60828px;\">Usefu<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ves <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>asse<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>\u2013 <span class=\"_ _0\"></span><span class=\"ffbd\">Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>efu<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ves <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ght-of-us<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:452.60828px;\">mat<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>, for <span class=\"_ _3\"></span>examp<span class=\"_ _0\"></span>le, as <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>resul<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>of physica<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>risk<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, obsole<span class=\"_ _0\"></span>sce<span class=\"_ _0\"></span>nce or <span class=\"_ _3\"></span>leg<span class=\"_ _0\"></span>al restr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. The <span class=\"_ _3\"></span>chan<span class=\"_ _0\"></span>ge in <span class=\"_ _f\"></span>us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>ves would <span class=\"_ _3\"></span>have a <span class=\"_ _f\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6e ws9b\" style=\"bottom:437.60828px;\">on the <span class=\"_ _3\"></span>amount of<span class=\"_ _3\"></span> depreciation<span class=\"_ _3\"></span> or amortisation recogn<span class=\"_ _3\"></span>ised each y<span class=\"_ _3\"></span>ear fr<span class=\"_ _3\"></span>om the dat<span class=\"_ _3\"></span>e of r<span class=\"_ _3\"></span>eassessment. The<span class=\"_ _3\"></span> Directors\u2019<span class=\"_ _3\"></span> review o<span class=\"_ _3\"></span>f useful<span class=\"_ _3\"></span> lives<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls170 ws19e\" style=\"bottom:422.60822px;\">ha<span class=\"_ _0\"></span>s ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n into<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>\u2019s de<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gy<span class=\"_ _0\"></span> and ha<span class=\"_ _0\"></span>s not<span class=\"_ _0\"></span> had a mat<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> impa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> on the<span class=\"_ _0\"></span> resul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> for th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:407.60822px;\">year. Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ered <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>remain<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>sef<span class=\"_ _0\"></span>ul <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omic<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ves <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ible <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> </div><div class=\"t m414 h1a ffbd fse fc2 sc0 ls87 ws8a\" style=\"bottom:392.60822px;\">\u00a32<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt <span class=\"_ _f\"></span>sp<span class=\"_ _0\"></span>end <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _f\"></span>Tr<span class=\"_ _3\"></span>ent <span class=\"_ _3\"></span>and <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess <span class=\"_ _3\"></span>avia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _f\"></span>pro<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>mmes <span class=\"_ _3\"></span>discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>in <span class=\"_ _3\"></span>note <span class=\"_ _3\"></span>9. <span class=\"_ _f\"></span>G<span class=\"_ _0\"></span>iven <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>mea<span class=\"_ _0\"></span>sures<span class=\"_ _0\"></span> </div><div class=\"t m66d h1a ffbd fse fc2 sc0 ls80 ws9a\" style=\"bottom:377.60822px;\">the <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g, <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>engin<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>sus<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>inab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>avi<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>uel<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(S<span class=\"_ _0\"></span>AF<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>mercia<span class=\"_ _0\"></span>l <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:362.60822px;\">aero<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>pul<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cipro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>tly <span class=\"_ _2\"></span>prod<span class=\"_ _0\"></span>uce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>comp<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>able <span class=\"_ _2\"></span>fue<span class=\"_ _0\"></span>ls <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>the<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:347.60822px;\">end of 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs judg<span class=\"_ _0\"></span>e that no adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment is requ<span class=\"_ _0\"></span>ired to the use<span class=\"_ _0\"></span>ful ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic live<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbe fse fc2 sc0 ls60 ws8d\" style=\"bottom:317.60822px;\">Inven<span class=\"_ _3\"></span>tory valuation<span class=\"_ _3\"></span> <span class=\"ffbd ls5c ws8a\">\u2013 <span class=\"_ _f\"></span>Cl<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d matt<span class=\"_ _0\"></span>ers may <span class=\"_ _3\"></span>af<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t the <span class=\"_ _3\"></span>val<span class=\"_ _0\"></span>ue of <span class=\"_ _3\"></span>invento<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>as a <span class=\"_ _3\"></span>result of <span class=\"_ _3\"></span>a declin<span class=\"_ _0\"></span>e in <span class=\"_ _f\"></span>s<span class=\"_ _0\"></span>elli<span class=\"_ _0\"></span>ng price<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>or could bec<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls87 wsb5\" style=\"bottom:302.60822px;\">obs<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ete due<span class=\"_ _0\"></span> to a <span class=\"_ _3\"></span>red<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on in dem<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>. Af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>al st<span class=\"_ _0\"></span>ock-tu<span class=\"_ _0\"></span>rns<span class=\"_ _0\"></span> of the invento<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y in rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion to th<span class=\"_ _0\"></span>e rate of chan<span class=\"_ _0\"></span>ge in<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:287.60822px;\">the ma<span class=\"_ _0\"></span>rket the Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s consid<span class=\"_ _0\"></span>er tha<span class=\"_ _0\"></span>t inventor<span class=\"_ _2\"></span>y is approp<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>tely val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d.<span class=\"_ _351\"> </span></div><div class=\"t m57d h1a ffbe fse fc2 sc0 ls80 wsae\" style=\"bottom:257.60822px;\">Recoverabi<span class=\"_ _3\"></span>lity <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>trade <span class=\"_ _0\"></span>receivables <span class=\"_ _0\"></span>and contract <span class=\"_ _0\"></span>assets <span class=\"_ _0\"></span><span class=\"ffbd ls6a ws9a\">\u2013 <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ld <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s<span class=\"_ _351\"> </span></span><span class=\"ffbd ls6a ws9a\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:242.60822px;\">cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>rs in <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he future, espe<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span>ly those custom<span class=\"_ _0\"></span>ers in <span class=\"_ _3\"></span>the Civil Aerosp<span class=\"_ _0\"></span>ace busines<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>N<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>mate<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ted issues have <span class=\"_ _3\"></span>ari<span class=\"_ _0\"></span>sen during<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:227.60822px;\">the <span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ar <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _0\"></span>impa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>rece<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s. <span class=\"_ _2\"></span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>credi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>(ECL<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> </div><div class=\"t mc0 h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"bottom:212.60822px;\">credi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>inh<span class=\"_ _0\"></span>eren<span class=\"_ _0\"></span>tly <span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>arke<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>imate <span class=\"_ _2\"></span>chan<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>dit <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isk <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nter <span class=\"_ _2\"></span>par<span class=\"_ _2\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls9f ws18c\" style=\"bottom:197.60822px;\">G<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> ti<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>, cl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ke<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y to<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:182.60822px;\">count<span class=\"_ _0\"></span>er par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cre<span class=\"_ _0\"></span>dit risk in that ti<span class=\"_ _0\"></span>me.<span class=\"_ _351\"> </span></div><div class=\"t m5 h1a ffbe fse fc2 sc0 ls52 wse4\" style=\"bottom:152.60822px;\">Share-based <span class=\"_ _2\"></span>payments <span class=\"_ _b\"></span><span class=\"ffbd ls23e ws229\">\u2013<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>R<span class=\"_ _f\"></span>e<span class=\"_ _f\"></span>m<span class=\"_ _f\"></span>u<span class=\"_ _f\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>r<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _f\"></span>n<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>p<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _f\"></span>k<span class=\"_ _f\"></span>a<span class=\"_ _f\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>s<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>w<span class=\"_ _f\"></span>i<span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>be<span class=\"_ _32\"></span> <span class=\"_ _2\"></span>i<span class=\"_ _f\"></span>m<span class=\"_ _f\"></span>p<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _f\"></span>t<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>n<span class=\"_ _f\"></span>d<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>a<span class=\"_ _f\"></span>s<span class=\"_ _f\"></span>u<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>e<span class=\"_ _f\"></span>d<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span>g<span class=\"_ _3\"></span>a<span class=\"_ _f\"></span>i<span class=\"_ _f\"></span>n<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>w<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>s<span class=\"_ _f\"></span>u<span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>i<span class=\"_ _f\"></span>n<span class=\"_ _f\"></span>a<span class=\"_ _f\"></span>b<span class=\"_ _3\"></span>i<span class=\"_ _f\"></span>l<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>y<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>r<span class=\"_ _f\"></span>o<span class=\"_ _f\"></span>m<span class=\"_ _f\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _f\"></span>h<span class=\"_ _3\"></span>e<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>20<span class=\"_ _32\"></span>23<span class=\"_ _32\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></span></div><div class=\"t m5 h1a ffbd fse fc2 sc0 ls68 ws95\" style=\"bottom:137.60822px;\">finan<span class=\"_ _0\"></span>cial <span class=\"_ _2\"></span>year. T<span class=\"_ _0\"></span>his <span class=\"_ _2\"></span>coul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>amou<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _2\"></span>timin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>-ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls81 wsaf\" style=\"bottom:122.608215px;\">st<span class=\"_ _0\"></span>atement once <span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>se <span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>tric<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are included within <span class=\"_ _3\"></span>the per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rmance conditi<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>crit<span class=\"_ _0\"></span>eria of <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he share-bas<span class=\"_ _0\"></span>ed payment <span class=\"_ _3\"></span>pl<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>This change <span class=\"_ _3\"></span>has had <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls8e wsbb\" style=\"bottom:107.608215px;\">impa<span class=\"_ _0\"></span>ct on <span class=\"_ _3\"></span>the 202<span class=\"_ _0\"></span>2 Cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d Financia<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>St<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s and <span class=\"_ _3\"></span>is unlikely to <span class=\"_ _f\"></span>have a <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>ial impac<span class=\"_ _0\"></span>t on <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he charge <span class=\"_ _3\"></span>rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>in the <span class=\"_ _3\"></span>nex<span class=\"_ _0\"></span>t 12 <span class=\"_ _3\"></span>mon<span class=\"_ _0\"></span>ths<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbe fse fc2 sc0 ls60 ws8d\" style=\"bottom:77.608215px;\">Defined benefit pension <span class=\"_ _3\"></span>plans <span class=\"ffbd ls92 wsbf\">\u2013 <span class=\"_ _3\"></span>Clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> risks<span class=\"_ _0\"></span> could af<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t the fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al pos<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion of de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fit pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n pla<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. As a result<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>is<span class=\"_ _351\"> </span></span><span class=\"ffbd ls92 wsbf\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:62.608215px;\">coul<span class=\"_ _0\"></span>d have implica<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons on the expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted ret<span class=\"_ _0\"></span>urn on pla<span class=\"_ _0\"></span>n asset<span class=\"_ _0\"></span>s and meas<span class=\"_ _0\"></span>ureme<span class=\"_ _0\"></span>nt of define<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies in future years<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e T<span class=\"_ _f\"></span>rus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m2d2 h1a ffbd fse fc2 sc0 ls157 ws186\" style=\"bottom:47.608215px;\">of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>Rolls-<span class=\"_ _0\"></span>Royce<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>K <span class=\"_ _0\"></span>Pension <span class=\"_ _0\"></span>F<span class=\"_ _3\"></span>und <span class=\"_ _0\"></span>meet <span class=\"_ _0\"></span>the <span class=\"_ _2\"></span>climate-related regulator<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>requiremen<span class=\"_ _3\"></span>ts<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>When <span class=\"_ _2\"></span>making de<span class=\"_ _0\"></span>cisions about <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>plan, <span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls6e ws9b\" style=\"bottom:32.608215px;\">analysi<span class=\"_ _3\"></span>s is carried <span class=\"_ _3\"></span>out in a<span class=\"_ _3\"></span> way c<span class=\"_ _3\"></span>onsistent<span class=\"_ _3\"></span> with T<span class=\"_ _f\"></span>askforce on<span class=\"_ _3\"></span> Climate-Related Fi<span class=\"_ _3\"></span>nancial<span class=\"_ _3\"></span> Disclosur<span class=\"_ _3\"></span>es (TCFD).<span class=\"_ _3\"></span> The T<span class=\"_ _f\"></span>rustee has<span class=\"_ _3\"></span> set a net<span class=\"_ _3\"></span> zero<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:17.608215px;\">targ<span class=\"_ _0\"></span>et for <span class=\"_ _3\"></span>the plan asset<span class=\"_ _0\"></span>s by <span class=\"_ _f\"></span>2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Hav<span class=\"_ _0\"></span>ing asses<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>the risks and <span class=\"_ _3\"></span>op<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ies of <span class=\"_ _f\"></span>cl<span class=\"_ _0\"></span>imate change and <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ered the <span class=\"_ _3\"></span>na<span class=\"_ _0\"></span>ture of <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:2.6082153px;\">of the fund<span class=\"_ _0\"></span>, clima<span class=\"_ _0\"></span>te chang<span class=\"_ _0\"></span>e is unlikely to have a materi<span class=\"_ _0\"></span>al impac<span class=\"_ _0\"></span>t on the p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in the Cons<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>ed Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l State<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div>",
   "dimensions": {
    "concept": "rollsroyceholdings:DescriptionOfAccountingPolicyForClimateChange",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-756": {
   "value": "Presentation of underlying results The Group measures financial performance on an underlying basis and discloses this information as an alternative performance measure (APM). This is consistent with the way that financial performance is measured by the Directors and reported to the Board in accordance  with IFRS 8 Operating Segments. The Group believes this is the most appropriate basis to measure the in-year performance, as underlying results reflect the substance of trading activity, including the impact of the Group\u2019s foreign exchange forward contracts, which  economically hedge net foreign currency cash flows at predetermined exchange rates. In addition, underlying results exclude the  accounting impact of business acquisitions and disposals, impairment charges where the reasons are outside of normal operating activities, exceptional items, and certain other items which are market driven and outside of the control of management. Further details are given  in note 2. A reconciliation of APMs to the statutory equivalent is provided on pages 203 to 206. ",
   "dimensions": {
    "concept": "rollsroyceholdings:DescriptionOfAccountingPolicyForPresentationOfUnderlyingResults",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-757": {
   "value": "Revisions to IFRS applicable in 2022 The Group adopted the amendment to IAS 37 Provisions, Contingent Liabilities and Contingent Assets for Onerous Contracts \u2013 Cost of Fulfilling a Contract on 1 January 2022. The amendment clarifies the meaning of \u2018costs to fulfil a contract\u2019, explaining that the direct cost  of fulfilling a contract comprises the incremental costs of fulfilling that contract (for example, direct labour and materials) and also  an allocation of other costs that relate directly to fulfilling contracts. As a result of the amendment, the Group now includes additional allocated costs when determining whether a contract is onerous and in the quantification of the provision recognised in the event of a  contract being onerous. These additional allocated costs primarily relate to (a) fixed overheads in our operational areas that are incurred irrespective of manufacturing load, (b) fixed overheads of providing services, including engine health monitoring and IT costs, and  (c) depreciation of spare engines that the Group owns are used to support the delivery of our contractual commitments to customers under LTSAs. The Group has assessed the impact of this amendment on its contracts and has included additional allocated costs that increased the total contract loss provision by \u00a3723m, as at 1 January 2022 (see note 21). All material elements impact Civil Aerospace contracts. Of this increase, \u00a338m relates to current provisions and \u00a3685m to non-current provisions. A tax credit has not been recognised on the increase in the provision relating to the UK (see note 5 for details). As required by the transition arrangement in relation to the amendment, comparative information has not been restated. The cumulative effect of initially applying the amendment has been recognised as an adjustment to the opening balance of retained earnings as at 1 January 2022. It is estimated that the impact of the IAS 37 amendment has had a favourable immaterial impact on the 2022 income statement. Further information can be found in note 21. There are no other new standards or interpretations issued by the IASB that had a significant impact on the Consolidated Financial  Statements. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-758": {
   "value": "Key areas of judgement and sources of estimation uncertainty The determination of the Group\u2019s accounting policies requires judgement. The subsequent application of these policies requires estimates, and the actual outcome may differ from that calculated. The key judgements and key sources of estimation uncertainty at the balance sheet date, that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the  next financial year, are summarised below. Further details, together with sensitivities for key sources of estimation uncertainty where  appropriate and practicable, are included within the significant accounting policies section of this note. Area Key judgements Key sources of estimation uncertainty Page ref Revenue  recognition and  contract assets and liabilities  \u2014 Whether Civil Aerospace OE and aftermarket  contracts should be combined.  \u2014 How performance on long-term aftermarket  contracts should be measured.   \u2014 Whether any costs should be treated as wastage.  \u2014 Whether sales of spare engines to joint ventures  are at fair value.  \u2014 When revenue should be recognised in relation  to spare engine sales.  \u2014 Estimates of future revenue and costs of long-term contractual arrangements, including the impact  of climate change. 115 Risk and revenue  sharing  arrangements  \u2014 Determination of the nature of entry fees received. 116 Taxation  \u2014 Estimates necessary to assess whether it is prob- able that sufficient suitable taxable profits will  arise in the UK to utilise the deferred tax assets  recognised. 118 Discontinued  operations and  business disposals  \u2014 The assets, liabilities and associated consolidation adjustments of the ITP Aero business recognised  on disposal. 118 Research and  development  \u2014 Determination of the point in time where costs incurred on an internal programme development meet the criteria for capitalisation.  \u2014 Determination of the basis for amortising capi- talised development costs. 120 Impairment of  non-current  assets  \u2014 Determination of cash-generating units for assess- ing impairment of goodwill. 122 Leases  \u2014 Determination of the lease term.  \u2014 Estimates of the payments required to meet  residual value guarantees at the end of engine  leases. 122 Provisions  \u2014 Whether any costs should be treated as wastage.  \u2014 Estimates of the time to resolve the technical  issues on the Trent 1000, including the develop- ment of the modified high pressure turbine (HPT) blade and estimates of the expenditure required to settle the obligation relating to Trent 1000 long-term contracts assessed as onerous.  \u2014 Estimates of the future revenues and costs to  fulfil onerous contracts.  \u2014 Assumptions implicit within the calculation of  discount rates. 123 Post-retirement  benefits  \u2014 Estimates of the assumptions for valuing the net defined benefit obligation.  124 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-759": {
   "value": "Basis of consolidation The Consolidated Financial Statements include the Company Financial Statements and its subsidiary undertakings together with the  Group\u2019s share of the results in joint arrangements and associates made up to 31 December. A subsidiary is an entity controlled by the Company. Control exists when the Company has power over an entity, exposure to variable  returns from its involvement with an entity and the ability to use its power over an entity so as to affect the Company\u2019s returns.  Subsidiaries are consolidated in accordance with IFRS 10 Consolidated Financial Statements. Basis of consolidation (continued) A joint arrangement is an entity in which the Group holds a long-term interest and which is jointly controlled by the Group and one or more other investors under a contractual arrangement. Joint arrangements may be either joint ventures or joint operations. Joint ventures  are accounted for using the equity method of accounting and joint operations are accounted for using proportionate accounting. An associate is an entity that is neither a subsidiary nor a joint arrangement, in which the Group holds a long-term interest and where the Group has a significant influence. The results of associates are accounted for using the equity method of accounting. All intra-group transactions, balances, income and expenses are eliminated on consolidation. Adjustments are made to eliminate the profit or loss arising on transactions with joint arrangements and associates to the extent of the Group\u2019s interest in the entity. Transactions with non-controlling interests are recorded directly in equity. Any subsidiary undertaking, joint arrangement or associate sold or acquired during the year are included up to, or from, the date of change of control. Details of transactions in the year are set out in note 27. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-760": {
   "value": "Revenue recognition and contract assets and liabilities Revenue recognised comprises sales to the Group\u2019s customers after discounts and amounts payable to customers. Revenue excludes value  added taxes. The transaction price of a contract is typically clearly stated within the contract, although the absolute amount may be dependent on escalation indices and long-term contracts that require the key estimates highlighted below to be made. Refund liabilities, where sales are made with a right of return, are not typical in the Group\u2019s contracts. Where they do exist, and consideration has been  received, a portion based on an assessment of the expected refund liability is recognised within other payables. The Group has elected  to use the practical expedient not to adjust revenue for the effect of financing components where the expectation is that the period  between the transfer of goods and services to customers and the receipt of payment is less than a year. Consideration is received in the  form of deposits and payments for completion of milestones or performance obligations. LTSA cash receipts are typically received based  on EFHs. Sales of standard OE, spare parts and time and material overhaul services are generally recognised on transfer of control to the customer.  This is generally on delivery to the customer, unless the specific contractual terms indicate a different point. The Directors consider whether there is a need to constrain the amount of revenue to be recognised on delivery based on the contractual position and any relevant facts, however, this is not typically required. Sales of OE and services that are specifically designed for the contract (most significantly in the Defence business) are recognised by reference to the progress towards completion of the performance obligation, using the cost method described in the key judgements, provided the outcome of contracts can be assessed with reasonable certainty. The Group generates a significant portion of its revenue on aftermarket arrangements arising from the installed OE fleet. As a consequence,  in particular in the Civil Aerospace large engine business, the Group will often agree contractual prices for OE deliveries that take into  account the anticipated aftermarket arrangements. Sometimes this may result in losses being incurred on OE. As described in the key judgements, these contracts are not combined. The consideration in the OE contract is therefore allocated to OE performance obligations and the consideration in the aftermarket contract to aftermarket performance obligations.  Key areas of the accounting policy are:  \u2014 Future variable revenue from long-term contracts is constrained to take account of the risk of non-recovery of resulting contract  balances from reduced utilisation e.g. EFHs, based on historical forecasting experience and the risk of aircraft being parked by the customer.  \u2014 A significant amount of revenue and cost related to long-term contract accounting is denominated in currencies other than that of the  relevant Group undertaking, most significantly USD transactions in sterling and euro denominated undertakings. These are translated  at estimated long-term exchange rates.  \u2014 The assessment of stage of completion is generally measured for each contract. However, in certain cases, such as for CorporateCare  agreements, where there are many contracts covering aftermarket services each for a small number of engines, the Group accounts for a portfolio of contracts together, as the effect on the Consolidated Financial Statements would not differ materially from applying  the standard to the individual contracts in the portfolio. When accounting for a portfolio of LTSAs, the Group uses estimates and  assumptions that reflect the size and composition of the portfolio.  \u2014 A contract asset/liability is recognised where payment is received in arrears/advance of the revenue recognised in meeting performance  obligations.  \u2014 Where material, wastage costs (see key judgements on page 115) are recorded as an exceptional non-underlying expense. If the expected costs to fulfil a contract exceed the expected revenue, a contract loss provision is recognised for the excess costs. The Group pays participation fees to airframe manufacturers, its customers for OE, on certain programmes. Amounts paid are initially  treated as contract assets and subsequently charged as a reduction to the OE revenue when the engines are transferred to the customer. The Group has elected to use the practical expedient to expense as incurred any incremental costs of obtaining or fulfilling a contract if  the amortisation period of an asset created would have been one year or less. Where costs to obtain a contract are recognised in the balance sheet, they are amortised over the performance of the related contract (two to 13 years). Key judgement \u2013 Whether Civil Aerospace OE and aftermarket contracts should be combined In the Civil Aerospace business, OE contracts for the sale of engines to be installed on new aircraft are with the airframers, while  the contracts to provide spare engines and aftermarket goods and services are with the aircraft operators, although there may be interdependencies between them. IFRS 15 Revenue from Contracts with Customers includes guidance on the combination of contracts, in particular that contracts with unrelated parties should not be combined. Notwithstanding the interdependencies, the Directors  consider that the engine contract should be considered separately from the aftermarket contract. In making this judgement, they  also took account of industry practice. Key judgement \u2013 How performance on long-term aftermarket contracts should be measured The Group generates a significant proportion of its revenue from aftermarket arrangements. These aftermarket contracts, such as TotalCare and CorporateCare agreements in the Civil Aerospace business, cover a range of services and generally have contractual terms covering more than one year. Under these contracts, the Group\u2019s primary obligation is to maintain customers\u2019 engines in  an operational condition. This is achieved by undertaking various activities, such as maintenance, repair and overhaul, and engine  monitoring over the period of the contract. Revenue on these contracts is recognised over the period of the contract and the basis for measuring progress is a matter of judgement. The Directors consider that the stage of completion of the contract is best measured by using the actual costs incurred to date compared to the estimated costs to complete the performance obligations, as this reflects the extent of completion of the activities to be performed. Key judgement \u2013 Whether any costs should be treated as wastage In rare circumstances, the Group may incur costs of wasted material, labour or other resources to fulfil a contract where the level of  cost was not reflected in the contract price. The identification of such costs is a matter of judgement and would only be expected to  arise where there has been a series of abnormal events which give rise to a significant level of cost of a nature that the Group would not expect to incur and hence is not reflected in the contract price. Examples include technical issues that: require resolution to meet regulatory requirements; have a wide-ranging impact across a product type; and cause significant operational disruption to  customers. Similarly, in these rare circumstances, significant disruption costs to support customers resulting from the actual  performance of a delivered good or service may be treated as a wastage cost. Provision is made for any costs identified as wastage  when the obligation to incur them arises \u2013 see note 21. Key judgement \u2013 Whether sales of spare engines to joint ventures are at fair value The Civil Aerospace business maintains a pool of spare engines to support its customers. Some of these engines are sold to, and held by, joint venture companies. The assessment of whether the sales price reflects fair value is a key judgement. The Group considers that based upon the terms and conditions of the sales, and by comparison to the sales price of spare engines to other third parties,  the sales made to joint ventures reflect the fair value of the goods sold. See note 26 for the value of sales to joint ventures during the year. Key judgement \u2013 When revenue should be recognised in relation to spare engine sales  Revenue is recognised at the point in time when a customer obtains control of a spare engine. The customer could be a related party, an external operator or a spare engine service provider. Depending on the contractual arrangements, judgement is required on when the Group relinquishes control of spare engines and, therefore, when the revenue is recognised. The point of control passing has  been concluded to correspond to the point of legal sale, even for instances where the customer is contracted to provide some future spare engine capacity to the Group to support its installed engine base. In such cases, the customer has responsibility for generating  revenue from the engines and exposure to periods of non-utilisation; exposure to risk of damage or loss, risk from residual value  movements, and will determine if and when profits will be made from disposal. The spare engine capacity that will be made available to the Group in the future does not consist of identified assets and the provider retains a substantive right to substitute the asset  through the Group\u2019s period of use. It is, therefore, appropriate to recognise revenue from the sale of the spare engines at the point  that title transfers. During 2022, of the total 44 (2021: 36) large spare engine sales delivered, 20 (2021: six) engines were sold to  customers where contractual arrangement allows for some future spare engine capacity to be used by the Group. These sales  contributed \u00a3454m (2021: \u00a3111m) to revenue for the year. Key estimate \u2013 Estimates of future revenue and costs on long-term contractual arrangements The Group has long-term contracts that fall into different accounting periods and which can extend over significant periods  (generally up to 25 years), the most significant of these are LTSAs in the Civil Aerospace business, with an average remaining term of  around ten years. The estimated revenue and costs are inherently imprecise and significant estimates are required to assess: EFHs, time-on-wing and other operating parameters; the pattern of future maintenance activity and the costs to be incurred; lifecycle cost improvements over the term of the contracts; and escalation of revenue and costs (that includes the impact of inflation). The impact  of climate change on EFHs and costs is also considered when making these estimates. Industry and customer data on expected levels of utilisation is included in the forecasts used. Across the length of the current Civil Aerospace LTSA contracts, allowance has been  made for around a 1% (2021: 1%) projected cost increase resulting from carbon pricing and commodity price changes. The sensitivities below demonstrate how changes in assumptions (including as a result of climate change) could impact the level of  revenue recognised were assumptions to change. The Directors believe that the estimates used to prepare the Consolidated Financial Statements take account of the inherent uncertainties, constraining the expected level of revenue as appropriate. Estimates of future LTSA revenue within Civil Aerospace are based upon future EFH forecasts, influenced by assumptions over the  recovery of the civil aviation industry. Finally, many of the revenues and costs are denominated in currencies other than that of the relevant group undertaking. These are translated at an estimated long-term exchange rate, based on historical trends and economic forecasts. During the year, changes to the estimate in relation to the Civil Aerospace LTSA contracts resulted in favourable catch-up adjustments  to revenue of \u00a3360m (2021: \u00a3214m). Based upon the stage of completion of all LTSA contracts within Civil Aerospace as at 31 December 2022, the following reasonably  possible changes in estimates would result in catch-up adjustments being recognised in the period in which the estimates change (at underlying rates):  \u2014 A change in forecast EFHs of 1% over the remaining term of the contracts would impact LTSA income and to a lesser extent costs,  resulting in an in-year impact of around \u00a320m. This would be expected to be seen as a catch-up change in revenue or, to the extent it impacts onerous contracts, within cost of sales.  \u2014 A 2% increase or decrease in our pricing to customers over the life of the contracts would lead to a revenue catch-up adjustment in the next 12 months of around \u00a3260m.  \u2014 A 2% increase or decrease in shop visit costs over the life of the contracts would lead to a revenue catch-up adjustment in the next 12 months of around \u00a3100m. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-761": {
   "value": "Risk and revenue sharing arrangements (RRSAs) Cash entry fees received are initially deferred on the balance sheet within trade payables and other liabilities. They are then recognised as a reduction in cost of sales incurred. Individual programme amounts are allocated pro rata to the estimated number of units to be  produced. Amortisation commences as each unit is delivered and then recognised on a 15-year straight-line basis. The payments to suppliers of their shares of the programme cash flows for their production components are charged to cost of sales when  OE sales are recognised or as LTSA costs are incurred. The Group also has arrangements with third parties who invest in a programme and receive a return based on its performance, but do not  undertake development work or supply parts. Such arrangements (financial RRSAs) are financial instruments as defined by IAS 32  Financial Instruments: Presentation and are accounted for using the amortised cost method. Key judgement \u2013 Determination of the nature of entry fees received RRSAs with key suppliers (workshare partners) are a feature of the civil aviation industry business. Under these contractual  arrangements, the key commercial objectives are that: (i) during the development phase the workshare partner shares in the risks of developing an engine by performing its own development work, providing development parts, and paying a non-refundable cash  entry fee; and (ii) during the production phase the workshare partner supplies components in return for a share of the programme cash flows as a \u2018life of type\u2019 supplier (i.e. as long as the engine remains in service). The non-refundable cash entry fee is judged by the Group to be a contribution towards the development expenditure incurred. These  receipts are deferred on the balance sheet and recognised against the cost of sales over the estimated number of units to be delivered on a similar basis to the amortisation of development costs \u2013 see page 120. ",
   "dimensions": {
    "concept": "rollsroyceholdings:DescriptionOfAccountingPolicyForRiskAndRevenueSharingArrangements",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-762": {
   "value": "Royalty payments Where a government or similar body has previously acquired an interest in the intellectual property of a programme, royalty payments are matched to the related sales. ",
   "dimensions": {
    "concept": "rollsroyceholdings:DescriptionOfAccountingPolicyForRoyaltyPayments",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-763": {
   "value": "Government grants Government grants received are varied in nature and are recognised in the income statement so as to match them with the related expenses that they are intended to compensate. Where grants are received in advance of the related expenses, they are initially recognised as  liabilities within trade payables and other liabilities and released to match the related expenditure. Non-monetary grants are recognised at fair value. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-764": {
   "value": "Interest Interest receivable/payable is credited/charged to the income statement using the effective interest method. Where borrowing costs are  attributable to the acquisition, construction or production of a qualifying asset, such costs are capitalised as part of the specific asset. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-815": {
   "value": "Taxation The tax charge/credit on the profit or loss for the year comprises current and deferred tax:  \u2014 Current tax is the expected tax payable for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any  adjustment to tax payable in respect of previous years.  \u2014 Deferred tax is provided using the balance sheet liability method, providing for temporary differences between the carrying amounts  of the assets and liabilities for financial reporting purposes and the amounts used for tax purposes and is calculated using the enacted or substantively enacted rates that are expected to apply when the asset or liability is settled. In the UK, the deferred tax liability on the pension scheme surplus is recognised consistently with the basis for recognising the surplus i.e. at the rate applicable to refunds from a trust. Tax is charged or credited to the income statement or OCI as appropriate, except when it relates to items credited or charged directly to equity in which case the tax is also dealt with in equity. Deferred tax liabilities are recognised for taxable temporary differences arising on investments in subsidiaries and joint arrangements,  except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax is not recognised on taxable temporary differences arising on the initial recognition of goodwill or for temporary differences arising from the initial recognition of assets and liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profits, which include the reversal of taxable temporary differences, will be available against which the assets can be utilised. Further details on the Group\u2019s tax position can be found on page 133. Key estimate \u2013 Estimates necessary to assess whether it is probable that sufficient suitable taxable profits will arise in the UK to  utilise the deferred tax assets recognised Deferred tax assets are only recognised to the extent it is probable that future taxable profits will be available, against which the  deductible temporary difference can be utilised. On this basis a deferred tax asset of \u00a32,040m is not recognised in respect of UK tax losses. Further details are included in note 5.  In addition to taking into account a severe but plausible downside forecast (see below), the climate-related estimates and assumptions  (set out on pages 110 to 112) have also been considered when assessing the recoverability of the deferred tax assets. Recognising the  longer terms over which these assets will be recovered, the Group has considered the risk that regulatory changes could materially impact demand for our products and shifting investment focus towards more sustainable products and solutions. The climate  scenarios prepared do not indicate a significant deterioration in demand or profitability for Civil Aerospace programmes given that all commercial aero-engines will be compatible with sustainable fuels by the end of 2023. While carbon and commodity pricing may put pressure on costs, decarbonisation and new supplier and customer contracts offer the opportunity to receive value for more efficient and sustainable products. Macro-economic factors continue to result in uncertainty over the recovery of demand across the civil aviation industry. As explained in note 5, a 25% probability of there being a severe but plausible downside forecast in relation to the civil aviation industry has been taken into account in the assessment of the recovery of the UK deferred tax assets. The estimates take account of the inherent uncertainties constraining the expected level of profit as appropriate. Changes in these  estimates will affect future profits and, therefore, the recoverability of the deferred tax assets. The following sensitivities have been  modelled to demonstrate the impact of changes in assumptions on the recoverability of deferred tax assets.  \u2014 A 5% change in margin in the main Civil Aerospace large engine programmes.  \u2014 A 5% change in the number of shop visits driven by EFHs.  \u2014 Assumed future cost increases from climate change expected to pass through to customers at 100% are restricted to 90% pass through. All of these could be driven by a number of factors, including the impact of climate change as explained on pages 110 to 112 and changes in foreign exchange rates.  A 5% change in margin or shop visits (which could be driven by fewer EFHs as a result of climate change) would result in an increase/ decrease in the deferred tax asset of around \u00a3130m. If only 90% of assumed future cost increases from climate change are passed on to customers, this would result in a decrease in the deferred tax asset of around \u00a350m, and if carbon prices were to double, this would be \u00a380m. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-765": {
   "value": "Taxation The tax charge/credit on the profit or loss for the year comprises current and deferred tax:  \u2014 Current tax is the expected tax payable for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any  adjustment to tax payable in respect of previous years.  \u2014 Deferred tax is provided using the balance sheet liability method, providing for temporary differences between the carrying amounts  of the assets and liabilities for financial reporting purposes and the amounts used for tax purposes and is calculated using the enacted or substantively enacted rates that are expected to apply when the asset or liability is settled. In the UK, the deferred tax liability on the pension scheme surplus is recognised consistently with the basis for recognising the surplus i.e. at the rate applicable to refunds from a trust. Tax is charged or credited to the income statement or OCI as appropriate, except when it relates to items credited or charged directly to equity in which case the tax is also dealt with in equity. Deferred tax liabilities are recognised for taxable temporary differences arising on investments in subsidiaries and joint arrangements,  except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax is not recognised on taxable temporary differences arising on the initial recognition of goodwill or for temporary differences arising from the initial recognition of assets and liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profits, which include the reversal of taxable temporary differences, will be available against which the assets can be utilised. Further details on the Group\u2019s tax position can be found on page 133. Key estimate \u2013 Estimates necessary to assess whether it is probable that sufficient suitable taxable profits will arise in the UK to  utilise the deferred tax assets recognised Deferred tax assets are only recognised to the extent it is probable that future taxable profits will be available, against which the  deductible temporary difference can be utilised. On this basis a deferred tax asset of \u00a32,040m is not recognised in respect of UK tax losses. Further details are included in note 5.  In addition to taking into account a severe but plausible downside forecast (see below), the climate-related estimates and assumptions  (set out on pages 110 to 112) have also been considered when assessing the recoverability of the deferred tax assets. Recognising the  longer terms over which these assets will be recovered, the Group has considered the risk that regulatory changes could materially impact demand for our products and shifting investment focus towards more sustainable products and solutions. The climate  scenarios prepared do not indicate a significant deterioration in demand or profitability for Civil Aerospace programmes given that all commercial aero-engines will be compatible with sustainable fuels by the end of 2023. While carbon and commodity pricing may put pressure on costs, decarbonisation and new supplier and customer contracts offer the opportunity to receive value for more efficient and sustainable products. Macro-economic factors continue to result in uncertainty over the recovery of demand across the civil aviation industry. As explained in note 5, a 25% probability of there being a severe but plausible downside forecast in relation to the civil aviation industry has been taken into account in the assessment of the recovery of the UK deferred tax assets. The estimates take account of the inherent uncertainties constraining the expected level of profit as appropriate. Changes in these  estimates will affect future profits and, therefore, the recoverability of the deferred tax assets. The following sensitivities have been  modelled to demonstrate the impact of changes in assumptions on the recoverability of deferred tax assets.  \u2014 A 5% change in margin in the main Civil Aerospace large engine programmes.  \u2014 A 5% change in the number of shop visits driven by EFHs.  \u2014 Assumed future cost increases from climate change expected to pass through to customers at 100% are restricted to 90% pass through. All of these could be driven by a number of factors, including the impact of climate change as explained on pages 110 to 112 and changes in foreign exchange rates.  A 5% change in margin or shop visits (which could be driven by fewer EFHs as a result of climate change) would result in an increase/ decrease in the deferred tax asset of around \u00a3130m. If only 90% of assumed future cost increases from climate change are passed on to customers, this would result in a decrease in the deferred tax asset of around \u00a350m, and if carbon prices were to double, this would be \u00a380m. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-766": {
   "value": "Foreign currency translation Transactions denominated in currencies other than the functional currency of the transacting group undertaking are translated into the  functional currency at the average monthly exchange rate when the transaction occurs. Monetary assets and liabilities denominated in foreign currencies are translated into the relevant functional currency at the rate prevailing at the year end. Exchange differences arising on foreign exchange transactions and the retranslation of monetary assets and liabilities into functional currencies at the rate prevailing  at the year end are included in profit/(loss) before taxation. The trading results of Group undertakings are translated into sterling at the average exchange rates for the year. The assets and liabilities of overseas undertakings, including goodwill and fair value adjustments arising on acquisition, are translated at the exchange rates prevailing at the year end. Exchange adjustments arising from the retranslation of the opening net assets, and from the translation of the profits or losses at average rates, are recognised in OCI. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-767": {
   "value": "Discontinued operations and business disposals A discontinued operation is defined in IFRS 5 Non-current Assets Held for Sale and Discontinued Operations as a component of an entity that has been disposed of or is classified as held for sale, represents a separate major line of business or geographical area of operations, is part of a single co-ordinated plan to dispose of such a line of business or is a subsidiary acquired exclusively with a view to resale. The  results of discontinued operations are required to be presented separately in the income statement. Assets and businesses are classified as held for sale when their carrying amounts will be recovered through sale rather than through continuing use. Key judgement \u2013 The assets, liabilities and associated consolidation adjustments of the ITP Aero business recognised on disposal In identifying the assets and liabilities that form part of the disposal group in relation to the ITP Aero business, the Group has  considered whether the associated consolidation adjustments meet the criteria to be classified within the disposal group. The  consolidation adjustments allocated to the disposal group are those that relate to the carrying value of the disposal group\u2019s assets  and liabilities. Further detail can be found in note 27. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-818": {
   "value": "Financial instruments \u2013 Classification and measurement Financial assets primarily include trade receivables, cash and cash equivalents, short-term investments, derivatives (foreign exchange,  commodity and interest rate contracts), and listed and unlisted investments.  \u2014 Trade receivables are classified either as held to collect and measured at amortised cost, or as held to collect and sell and measured at  fair value, with movements in fair value recognised through other comprehensive income (FVOCI). The Group may sell trade receivables  due from certain customers before the due date. Any trade receivables from such customers that are not sold at the reporting date are classified as \u2018held to collect and sell\u2019.  \u2014 Cash and cash equivalents (consisting of balances with banks and other financial institutions, money-market funds, short-term deposits) and short-term investments are subject to low market risk. Cash balances, short-term deposits and short-term investments are measured at amortised cost. Money market funds are measured at fair value, with movements in fair value recognised in the income statement as  a profit or loss (FVPL).  \u2014 Derivatives and unlisted investments are measured at FVPL. The Company has elected to measure its listed investments at FVOCI Financial liabilities primarily consist of trade payables, borrowings, derivatives, financial RRSAs and C Shares.  \u2014 Derivatives are classified and measured at FVPL.  \u2014 All other financial liabilities are classified and measured at amortised cost. ",
   "dimensions": {
    "concept": "rollsroyceholdings:DescriptionOfAccountingPolicyForFinancialInstrumentsClassificationAndMeasurement",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-768": {
   "value": "Financial instruments \u2013 Classification and measurement Financial assets primarily include trade receivables, cash and cash equivalents, short-term investments, derivatives (foreign exchange,  commodity and interest rate contracts), and listed and unlisted investments.  \u2014 Trade receivables are classified either as held to collect and measured at amortised cost, or as held to collect and sell and measured at  fair value, with movements in fair value recognised through other comprehensive income (FVOCI). The Group may sell trade receivables  due from certain customers before the due date. Any trade receivables from such customers that are not sold at the reporting date are classified as \u2018held to collect and sell\u2019.  \u2014 Cash and cash equivalents (consisting of balances with banks and other financial institutions, money-market funds, short-term deposits) and short-term investments are subject to low market risk. Cash balances, short-term deposits and short-term investments are measured at amortised cost. Money market funds are measured at fair value, with movements in fair value recognised in the income statement as  a profit or loss (FVPL).  \u2014 Derivatives and unlisted investments are measured at FVPL. The Company has elected to measure its listed investments at FVOCI Financial liabilities primarily consist of trade payables, borrowings, derivatives, financial RRSAs and C Shares.  \u2014 Derivatives are classified and measured at FVPL.  \u2014 All other financial liabilities are classified and measured at amortised cost. Financial instruments \u2013 Impairment of financial assets and contract assets IFRS 9 Financial Instruments sets out the basis for the accounting of ECLs on financial assets and contract assets resulting from  transactions within the scope of IFRS 15. The Group has adopted the simplified approach to provide for ECLs, measuring the loss allowance at a probability weighted amount that considers reasonable and supportable information about past events, current conditions and  forecasts of future economic conditions of customers. These are incorporated in the simplified model adopted by using credit ratings which are publicly available, or through internal risk assessments derived using the customer\u2019s latest available financial information. The ECLs are updated at each reporting date to reflect changes in credit risk since initial recognition. ECLs are calculated for all financial  assets in scope, regardless of whether or not they are overdue. Financial instruments \u2013 Hedge accounting Forward foreign exchange contracts and commodity swaps (derivative financial instruments) are held to manage the cash flow exposures  of forecast transactions denominated in foreign currencies or in commodities respectively. Derivative financial instruments qualify for hedge accounting when: (i) there is a formal designation and documentation of the hedging relationship and the Group\u2019s risk management  objective and strategy for undertaking the hedge at the inception of the hedge; and (ii) the hedge is expected to be effective. In general, the Group has chosen to not apply hedge accounting in respect of these exposures. The Group economically hedges the fair value and cash flow exposures of its borrowings. Cross-currency interest rate swaps are held to  manage the fair value or cash flow exposures of borrowings denominated in foreign currencies and are designated as fair value hedges or cash flow hedges as appropriate. Interest rate swaps are held to manage the interest rate exposures of fixed and floating rate  borrowings and may be designated as fair value hedges or cash flow hedges as appropriate. If the swaps are not designated as fair value or cash flow hedges, the economic effect is included in the underlying results \u2013 see note 2. Changes in the fair values of derivatives that are designated as fair value hedges are recognised directly in the income statement. The fair value changes of effective cash flow hedge derivatives are recognised in OCI and subsequently recycled to the income statement in the  same period or periods during which the hedged cash flows affect profit or loss. Any ineffectiveness in the hedging relationship is included in the income statement. Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated, exercised, or no longer qualifies for hedge accounting. At that time, for cash flow hedges and, if the forecast transaction remains probable, any net cumulative gain or loss on the hedging instrument recognised in SOCIE is retained until the forecast transaction occurs. If a hedged transaction is no longer expected  to occur, the net cumulative gain or loss is recycled to the income statement. Financial instruments \u2013 Replacement of benchmark interest rates In August 2020, Phase 2 of IBOR reform was published, effective from 1 January 2021. The amendments address issues that arise from the implementation of the reforms including the replacement of one benchmark with an alternative one. The Phase 2 amendments provide  additional temporary reliefs from applying specific IAS 39 Financial Instruments: Recognition and Measurement and IFRS 9 hedge  accounting requirements to hedging relationships directly affected by IBOR reform. A number of the Group\u2019s lease liabilities are based on a LIBOR index. These are predominantly referencing USD LIBOR, which is not expected to cease until 2023, hence the change in relation to these contracts has not impacted the 2022 financial statements. Amendments to these contracts is in progress at the balance sheet date. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-816": {
   "value": "Financial instruments \u2013 Impairment of financial assets and contract assets IFRS 9 Financial Instruments sets out the basis for the accounting of ECLs on financial assets and contract assets resulting from  transactions within the scope of IFRS 15. The Group has adopted the simplified approach to provide for ECLs, measuring the loss allowance at a probability weighted amount that considers reasonable and supportable information about past events, current conditions and  forecasts of future economic conditions of customers. These are incorporated in the simplified model adopted by using credit ratings which are publicly available, or through internal risk assessments derived using the customer\u2019s latest available financial information. The ECLs are updated at each reporting date to reflect changes in credit risk since initial recognition. ECLs are calculated for all financial  assets in scope, regardless of whether or not they are overdue. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-817": {
   "value": "Financial instruments \u2013 Hedge accounting Forward foreign exchange contracts and commodity swaps (derivative financial instruments) are held to manage the cash flow exposures  of forecast transactions denominated in foreign currencies or in commodities respectively. Derivative financial instruments qualify for hedge accounting when: (i) there is a formal designation and documentation of the hedging relationship and the Group\u2019s risk management  objective and strategy for undertaking the hedge at the inception of the hedge; and (ii) the hedge is expected to be effective. In general, the Group has chosen to not apply hedge accounting in respect of these exposures. The Group economically hedges the fair value and cash flow exposures of its borrowings. Cross-currency interest rate swaps are held to  manage the fair value or cash flow exposures of borrowings denominated in foreign currencies and are designated as fair value hedges or cash flow hedges as appropriate. Interest rate swaps are held to manage the interest rate exposures of fixed and floating rate  borrowings and may be designated as fair value hedges or cash flow hedges as appropriate. If the swaps are not designated as fair value or cash flow hedges, the economic effect is included in the underlying results \u2013 see note 2. Changes in the fair values of derivatives that are designated as fair value hedges are recognised directly in the income statement. The fair value changes of effective cash flow hedge derivatives are recognised in OCI and subsequently recycled to the income statement in the  same period or periods during which the hedged cash flows affect profit or loss. Any ineffectiveness in the hedging relationship is included in the income statement. Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated, exercised, or no longer qualifies for hedge accounting. At that time, for cash flow hedges and, if the forecast transaction remains probable, any net cumulative gain or loss on the hedging instrument recognised in SOCIE is retained until the forecast transaction occurs. If a hedged transaction is no longer expected  to occur, the net cumulative gain or loss is recycled to the income statement. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-819": {
   "value": "Financial instruments \u2013 Replacement of benchmark interest rates In August 2020, Phase 2 of IBOR reform was published, effective from 1 January 2021. The amendments address issues that arise from the implementation of the reforms including the replacement of one benchmark with an alternative one. The Phase 2 amendments provide  additional temporary reliefs from applying specific IAS 39 Financial Instruments: Recognition and Measurement and IFRS 9 hedge  accounting requirements to hedging relationships directly affected by IBOR reform. A number of the Group\u2019s lease liabilities are based on a LIBOR index. These are predominantly referencing USD LIBOR, which is not expected to cease until 2023, hence the change in relation to these contracts has not impacted the 2022 financial statements. Amendments to these contracts is in progress at the balance sheet date.  ",
   "dimensions": {
    "concept": "rollsroyceholdings:DescriptionOfAccountingPolicyForFinancialInstrumentsReplacementOfBenchmarkInterestRates",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-769": {
   "value": "Business combinations and goodwill Goodwill recognised represents the excess of the fair value of the purchase consideration over the fair value to the Group of the net of  the identifiable assets acquired and the liabilities assumed. On transition to IFRS on 1 January 2004, business combinations were  not retrospectively adjusted to comply with UK-adopted International Accounting Standards and goodwill was recognised based on the  carrying value under the previous accounting policies. Goodwill, in respect of the acquisition of a subsidiary, is recognised as an  intangible asset. Goodwill arising on the acquisition of joint arrangements and associates is included in the carrying value of the  investment. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-820": {
   "value": "Business combinations and goodwill Goodwill recognised represents the excess of the fair value of the purchase consideration over the fair value to the Group of the net of  the identifiable assets acquired and the liabilities assumed. On transition to IFRS on 1 January 2004, business combinations were  not retrospectively adjusted to comply with UK-adopted International Accounting Standards and goodwill was recognised based on the  carrying value under the previous accounting policies. Goodwill, in respect of the acquisition of a subsidiary, is recognised as an  intangible asset. Goodwill arising on the acquisition of joint arrangements and associates is included in the carrying value of the  investment. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-770": {
   "value": "Customer relationships The fair value of customer relationships recognised as a result of a business combination relate to the acquired company\u2019s established  relationships with its existing customers that result in repeat purchases and customer loyalty. Amortisation is charged on a straight-line  basis over its useful economic life, up to a maximum of 15 years. ",
   "dimensions": {
    "concept": "rollsroyceholdings:DescriptionOfAccountingPolicyForCustomerRelationships",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-841": {
   "value": "Customer relationships The fair value of customer relationships recognised as a result of a business combination relate to the acquired company\u2019s established  relationships with its existing customers that result in repeat purchases and customer loyalty. Amortisation is charged on a straight-line  basis over its useful economic life, up to a maximum of 15 years. Certification costs Costs incurred, in respect of meeting regulatory certification requirements for new Civil Aerospace aero-engine/aircraft combinations, including payments made to airframe manufacturers for this, are recognised as intangible assets to the extent that they can be recovered out of future sales. They are charged to the income statement over the programme life. Individual programme assets are allocated pro rata  to the estimated number of units to be produced. Amortisation commences as each unit is delivered and then charged on a 15-year  straight-line basis. Research and development Expenditure incurred on research and development is distinguished as relating either to a research phase or to a development phase. All  research phase expenditure is charged to the income statement. Development expenditure is recognised as an internally generated  intangible asset (programme asset) only if it meets strict criteria, relating in particular to technical feasibility and generation of future  economic benefits. More specifically, development costs are capitalised from the point at which the following conditions have been met:  \u2014 the technical feasibility of completing the programme and the intention and ability (availability of technical, financial and other resources) to complete the programme asset and use or sell it;  \u2014 the probability that future economic benefits will flow from the programme asset; and  \u2014 the ability to measure reliably the expenditure attributable to the programme asset during its development. Capitalisation continues until the point at which the programme asset meets its originally contracted technical specification (defined internally as the point at which the asset is capable of operating in the manner intended by the Directors). Subsequent expenditure is capitalised where it enhances the functionality of the programme asset and demonstrably generates an enhanced economic benefit to the Group. All other subsequent expenditure on programme assets is expensed as incurred. Individual programme assets are allocated pro rata to the estimated number of units to be produced. Amortisation commences as each  unit is delivered and then charged on a 15-year straight-line basis. In accordance with IAS 38 Intangible Assets, the basis on which  programme assets are amortised is assessed annually. Software Software that is not specific to an item of property, plant and equipment is classified as an intangible asset, recognised at its acquisition  cost and amortised on a straight-line basis over its useful economic life. The amortisation period of software assets is reviewed annually.  In 2022, the amortisation period was changed from a maximum of five years to a maximum of ten years to reflect the expected useful lives of the assets. The change has been accounted for as a change in accounting estimate and has impacted a limited amount of assets with  an immaterial impact on the results for the year. The cost of internally developed software includes direct labour and an appropriate proportion of overheads. Other intangible assets These principally include intangible assets arising on acquisition of businesses, such as technology, patents and licences, which are  amortised on a straight-line basis over a maximum of 15 years, and trademarks which are not amortised. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-771": {
   "value": "Certification costs Costs incurred, in respect of meeting regulatory certification requirements for new Civil Aerospace aero-engine/aircraft combinations, including payments made to airframe manufacturers for this, are recognised as intangible assets to the extent that they can be recovered out of future sales. They are charged to the income statement over the programme life. Individual programme assets are allocated pro rata  to the estimated number of units to be produced. Amortisation commences as each unit is delivered and then charged on a 15-year  straight-line basis. ",
   "dimensions": {
    "concept": "rollsroyceholdings:DescriptionOfAccountingPolicyForCertificationCosts",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-772": {
   "value": "Research and development Expenditure incurred on research and development is distinguished as relating either to a research phase or to a development phase. All  research phase expenditure is charged to the income statement. Development expenditure is recognised as an internally generated  intangible asset (programme asset) only if it meets strict criteria, relating in particular to technical feasibility and generation of future  economic benefits. More specifically, development costs are capitalised from the point at which the following conditions have been met:  \u2014 the technical feasibility of completing the programme and the intention and ability (availability of technical, financial and other resources) to complete the programme asset and use or sell it;  \u2014 the probability that future economic benefits will flow from the programme asset; and  \u2014 the ability to measure reliably the expenditure attributable to the programme asset during its development. Capitalisation continues until the point at which the programme asset meets its originally contracted technical specification (defined internally as the point at which the asset is capable of operating in the manner intended by the Directors). Subsequent expenditure is capitalised where it enhances the functionality of the programme asset and demonstrably generates an enhanced economic benefit to the Group. All other subsequent expenditure on programme assets is expensed as incurred. Individual programme assets are allocated pro rata to the estimated number of units to be produced. Amortisation commences as each  unit is delivered and then charged on a 15-year straight-line basis. In accordance with IAS 38 Intangible Assets, the basis on which  programme assets are amortised is assessed annually. Key judgement \u2013 Determination of the point in time when costs incurred on an internal programme development meet the criteria for  capitalisation The Group incurs significant research and development expenditure in respect of various development programmes. Determining  when capitalisation should commence and cease is a key judgement, as is the determination of when subsequent expenditure on the  programme assets should be capitalised. During the year, \u00a3131m of development expenditure was capitalised. Within the Group, there is an established Product Introduction and Lifecycle Management process (PILM) in place. Within this process, the technical feasibility, the commercial viability and financial assessment of the programme is assessed at certain milestones. When  these are met, development expenditure is capitalised. Prior to this, expenditure is expensed as incurred. The Group continues to invest in new technologies as a result of its decarbonisation commitments. As these are new technologies, there is a higher level of uncertainty over potential outcomes and, therefore, this could impact the level of expenditure that is  capitalised or recognised in the income statement in future years. Subsequent expenditure after entry into service which enhances the performance of the engine and the economic benefits to the  Group is capitalised. This expenditure is referred to as enhanced performance and is governed by the PILM process referred to above. All other development costs are expensed as incurred. Key judgement \u2013 Determination of the basis for amortising capitalised development costs The economic benefits of the development costs are primarily those cash inflows arising from LTSAs, which are expected to be  relatively consistent for each engine within a programme. Amortisation of development costs is recognised on a straight-line basis over the estimated period of operation of the engine by its initial operator. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-773": {
   "value": "Software Software that is not specific to an item of property, plant and equipment is classified as an intangible asset, recognised at its acquisition  cost and amortised on a straight-line basis over its useful economic life. The amortisation period of software assets is reviewed annually.  In 2022, the amortisation period was changed from a maximum of five years to a maximum of ten years to reflect the expected useful lives of the assets. The change has been accounted for as a change in accounting estimate and has impacted a limited amount of assets with  an immaterial impact on the results for the year. The cost of internally developed software includes direct labour and an appropriate proportion of overheads. ",
   "dimensions": {
    "concept": "rollsroyceholdings:DescriptionOfAccountingPolicyForSoftware",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-774": {
   "value": "Property, plant and equipment Property, plant and equipment are stated at acquisition cost less accumulated depreciation and any provision for impairment in value.  The cost of self-constructed assets includes the cost of materials, direct labour and an appropriate proportion of overheads and, where  appropriate, interest. Depreciation is provided on a straight-line basis to write off the cost, less the estimated residual value, of property, plant and equipment  over their estimated useful lives. No depreciation is recorded on assets in the course of construction. Estimated useful lives are reassessed annually and are as follows:  \u2014 Land and buildings, as advised by the Group\u2019s professional advisers:  \u2022 freehold buildings \u2013 five to 50 years (average 23 years); and  \u2022 no depreciation is provided on freehold land.  \u2014 Plant and equipment \u2013 two to 27 years (average 11 years).  \u2014 Aircraft and engines \u2013 five to 20 years (average 16 years). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-775": {
   "value": "Leases Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments:  \u2014 fixed payments less any lease incentive receivable;  \u2014 variable lease payments that are based on an index or a rate;  \u2014 amounts expected to be payable by the Group under residual value guarantees;  \u2014 the exercise price of a purchase option if the Group is reasonably certain to exercise that option; and  \u2014 payments of penalties for termination of the lease, if the lease term reflects the Group exercising that option. Where leases commenced after the initial IFRS 16 Leases transition date, the lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be determined, the Group\u2019s incremental borrowing rate is used, being the rate that the Group would have  to pay to borrow the funds necessary to obtain an asset of similar value in a similar economic environment with similar terms and  conditions. Where appropriate, lease liabilities are revalued at each reporting date using the spot exchange rate. The Group did not adopt the amendment to IFRS 16 Leases, effective in 2022, which provides a practical expedient to not treat COVID-19 rent concessions as lease modifications.  Right-of-use assets are measured at cost comprising the following:  \u2014 the amount of the initial measurement of lease liability or a revaluation of the liability;  \u2014 any lease payments made at or before the commencement date less any lease incentives received;  \u2014 any initial direct costs; and  \u2014 restoration costs. Each right-of-use asset is depreciated over the shorter of its useful economic life and the lease term on a straight-line basis unless the lease is expected to transfer ownership of the underlying asset to the Group, in which case the asset is depreciated to the end of the  useful life of the asset. Short-term leases are leases with a lease term of 12 months or less. Payments associated with short-term leases and low-value leases are  recognised on a straight-line basis as an expense in the income statement. Key judgement \u2013 Determination of lease term In determining the lease term, the Group considers all facts and circumstances that create an economic incentive to exercise an  extension option, or not exercise a termination option. Extension options (or periods after termination) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated). Certain land and building leases have renewal options with  renewal dates for the most significant property leases evenly spread between 2023\u20132028 and in 2041. The Group reviews its  judgements on lease terms annually, including the operational significance of the site, especially where utilised for manufacturing  activities. Key estimates \u2013 Estimates of the payments required to meet residual value guarantees at the end of engine leases Engine leases in the Civil Aerospace business often include clauses that require the engines to be returned to the lessor with specific levels of usable life remaining or cash payments to the lessor. The costs of meeting these requirements are included in the lease  payments. The amounts payable are calculated based upon an estimate of the utilisation of the engines over the lease term, whether the engine is restored to the required condition by performing an overhaul at our own cost or through the payments of amounts specified in the contract and any new contractual arrangements arising when the current lease contracts end. Amounts due can vary depending on the level of utilisation of the engines, overhaul activity prior to the end of the contract, and decisions taken on whether ongoing access to the assets is required at the end of the lease term. During the year, adjustments to return conditions at the end of leases resulted in a credit of \u00a34m to the income statement. The lease liability at 31 December 2022 included \u00a3434m relating to the cost of meeting these residual value guarantees in the Civil Aerospace business. Up to \u00a3114m is payable in the next 12 months, \u00a3175m is due  over the following four years and the remaining balance after five years.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-776": {
   "value": "Impairment <span class=\"_ _3\"></span>of non-curr<span class=\"_ _3\"></span>ent a<span class=\"_ _3\"></span>ssets<span class=\"_ _351\"> </span>Impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent of <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent asse<span class=\"_ _0\"></span>ts is consid<span class=\"_ _0\"></span>ered in accordan<span class=\"_ _0\"></span>ce with IA<span class=\"_ _0\"></span>S 36 <span class=\"ffbe ls79 wsa8\">Imp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt of<span class=\"_ _0\"></span> As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s</span><span class=\"ls6b ws98\">. Where <span class=\"_ _f\"></span>the asset <span class=\"_ _f\"></span>do<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>not <span class=\"_ _3\"></span>generate <span class=\"_ _3\"></span>cash<span class=\"_ _351\"> </span></span><span class=\"ls6b ws98\"> </span>flow<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>that <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh-<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>uni<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>(CG<span class=\"_ _0\"></span>U) <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will<span class=\"_ _2\"></span>, i<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>fini<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>life <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>yet <span class=\"_ _0\"></span>avai<span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>use <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>annua<span class=\"_ _0\"></span>lly. O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>intangible assets <span class=\"_ _0\"></span>(includi<span class=\"_ _3\"></span>ng <span class=\"_ _0\"></span>programme-related intangible asset<span class=\"_ _0\"></span>s),<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, pl<span class=\"_ _0\"></span>ant and e<span class=\"_ _0\"></span>quipment<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>and investments <span class=\"_ _0\"></span>are assessed <span class=\"_ _0\"></span>for any<span class=\"_ _351\"> </span> indic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>annu<span class=\"_ _0\"></span>ally. <span class=\"_ _2\"></span>If <span class=\"_ _2\"></span>any <span class=\"_ _2\"></span>ind<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>dent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>ment <span class=\"_ _2\"></span>te<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>recoverable amoun<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>If <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set <span class=\"_ _0\"></span>(o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>CG<span class=\"_ _0\"></span>U) <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>low <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ue, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ue <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble <span class=\"_ _2\"></span>amou<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>highe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>ir<span class=\"_ _351\"> </span> valu<span class=\"_ _0\"></span>e le<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>if <span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>s is <span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>dily <span class=\"_ _0\"></span>ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e in <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>e of <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>flow<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>a p<span class=\"_ _0\"></span>re-<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>disc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span> rate <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t refl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lue <span class=\"_ _0\"></span>of m<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>sk s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c to <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set <span class=\"_ _0\"></span>(or C<span class=\"_ _0\"></span>GU<span class=\"_ _0\"></span>). Fair <span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ue l<span class=\"_ _0\"></span>ess <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of <span class=\"_ _0\"></span>disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>LCOD) re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> marke<span class=\"_ _0\"></span>t inp<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s or <span class=\"_ _0\"></span>inpu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on m<span class=\"_ _0\"></span>arke<span class=\"_ _0\"></span>t ev<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nce i<span class=\"_ _0\"></span>f rea<span class=\"_ _0\"></span>dily <span class=\"_ _0\"></span>avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e. <span class=\"_ _0\"></span>If t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e inp<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re not <span class=\"_ _0\"></span>readil<span class=\"_ _0\"></span>y ava<span class=\"_ _0\"></span>ila<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue <span class=\"_ _0\"></span>is es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> by <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows <span class=\"_ _2\"></span>mo<span class=\"_ _0\"></span>difi<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>marke<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ews<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>rele<span class=\"_ _0\"></span>vant <span class=\"_ _2\"></span>loc<span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>tor<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ave <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>in <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>cal<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pos<span class=\"_ _0\"></span>t-tax to pre<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>ax dis<span class=\"_ _0\"></span>coun<span class=\"_ _0\"></span>t rates<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Key judgemen<span class=\"_ _3\"></span>t \u2013 Determination of CGUs for assessing impairment of goodwill<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> rev<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> CG<span class=\"_ _0\"></span>U<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>S 36<span class=\"_ _2\"></span>, im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>r go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> are<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>U<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> no <span class=\"_ _0\"></span>hig<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>seg<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>CG<span class=\"_ _0\"></span>Us <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>dwil<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>rev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> Rol<span class=\"_ _0\"></span>ls-<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>oyce De<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>sch<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>d Ltd &amp; C<span class=\"_ _0\"></span>o KG and at an a<span class=\"_ _0\"></span>ggre<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ed Ro<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royce P<span class=\"_ _0\"></span>ower Sys<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms AG level<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-777": {
   "value": "Inventories Inventories are valued on a first-in, first-out basis, at the lower of cost and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those direct and indirect overheads, including depreciation of property, plant and equipment, that  have been incurred in bringing the inventories to their present location and condition. Net realisable value represents the estimated  selling prices less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. All inventories are  classified as current as it is expected that they will be used in the Group\u2019s operating cycle, regardless of whether this is expected to be  within 12 months of the balance sheet date. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-778": {
   "value": "Cash and cash equivalents Cash and cash equivalents include cash at bank and in hand, investments in money-market funds and short-term deposits with a maturity of three months or less on inception. The Group considers overdrafts (repayable on demand) to be an integral part of its cash management  activities and these are included in cash and cash equivalents for the purposes of the cash flow statement. Where the Group operates pooled banking arrangements across multiple accounts, these are presented on a net basis when it has both a legal right and intention to  settle the balances on a net basis. The Group offers a supply chain financing (SCF) programme through partnership with banks to enable suppliers, including joint ventures, who are on our standard 75 day or more payment terms to receive their payment sooner. The election to utilise the programme is the sole decision of the supplier. As the Group continues to have a contractual obligation to pay its suppliers under commercial terms which are  unaffected by any utilisation of the programme, and it does not retain any ongoing involvement in the SCF, the related payables are retained on the Group\u2019s balance sheet and classified as trade payables. Further details are disclosed in note 19. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-779": {
   "value": "Provisions Provisions are recognised when the Group has a present obligation as a result of a past event, and it is probable that the Group will be  required to settle that obligation. Provisions are discounted to present value where the effect is material. The principal provisions are recognised as follows:  \u2014 Trent 1000 in-service issues when wastage costs are identified as described on page 115;  \u2014 contract losses based on an assessment of whether the direct costs to fulfil a contract are greater than the expected revenue;  \u2014 warranty and guarantees based on an assessment of future claims with reference to past experience and recognised at the earlier of when the underlying products and services are sold and when the likelihood of a future cost is identified; and  \u2014 restructuring when the Group has approved a detailed and formal restructuring plan, and the restructuring has either commenced or has created a valid expectation to those affected. Key judgement \u2013 Whether any costs should be treated as wastage As described further on page 115, in rare circumstances, the Group may incur costs of wasted material, labour or other resources to  fulfil a contract where the level of cost was not reflected in the contract price. The identification of such costs is a matter of  judgement and would only be expected to arise where there has been a series of abnormal events which give rise to a significant level of cost of a nature that the Group would not expect to incur and hence is not reflected in the contract price. Provision is made for any costs identified as wastage when the obligation to incur them arises. Specifically for the Trent 1000 wastage costs, provision has been made as the Group is an owner of an engine Type Certificate under which it has a present obligation to develop appropriate design changes to address certain engine conditions that have been noted  in issued Airworthiness Directives. The Group is also required to ensure engine operators can continue to safely operate engines  within the terms of their LTSAs, and this requires the engines to be compliant with the requirements of those issued Airworthiness  Directives. These requirements cannot be met without the Group incurring significant costs in the form of replacement parts and  customer claims. Given the significant activities of the Group in designing and overhauling aero engines it is very experienced in  making the required estimates in relation to the number and timing of shop visits, parts costs, overhaul labour costs and customer claims. Key estimates \u2013 Estimates of the time to resolve the technical issues on the Trent 1000, including the development of the modified  HPT blade and estimates of the expenditure required to settle the obligation relating to Trent 1000 claims and to settle Trent 1000  long-term contracts assessed as onerous The Group has provisions for Trent 1000 wastage costs at 31 December 2022 of \u00a3179m (2021: \u00a3157m). These represent the Directors\u2019  best estimate of the expenditure required to settle the obligations at the balance sheet date. These estimates take account of  information available and different possible outcomes. The Group considers that at 31 December 2022 the Trent 1000 contract loss provisions and the Trent 1000 wastage cost provision  are most sensitive to changes in estimates. A 12-month delay in the availability of the modified HPT blade could lead to around a \u00a340\u201370m increase in the Trent 1000 wastage costs provision. Key estimates \u2013 Estimates of the future revenues and costs to fulfil onerous contracts The Group has provisions for onerous contracts at 31 December 2022 of \u00a31,592m (1 January 2022: \u00a31,568m). An increase in Civil Aerospace large engine estimates of LTSA costs of 1% over the remaining term of the contracts could lead to around a \u00a3100\u2013125m increase in the provision for contract losses across all programmes. Key estimates \u2013 Assumptions implicit within the calculation of discount rates The contract loss provisions for onerous contracts are sensitive to changes in the discount rate used to value the provisions. The rate used for each contract is derived from bond yields (i.e. risk-free rates) with a similar duration and currency to the contract that they are applied to. The rate is adjusted to reflect the specific inflation characteristics of the contracts. The forecast rates are determined from third-party market analysis and average 4%. A 1% change in the discount rates used could lead to around a \u00a380-100m change  in the provision. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-780": {
   "value": "Customer financing support In connection with the sale of its products, the Group will, on occasion, provide financing support for its customers. These arrangements fall into two categories: credit-based guarantees and asset-value guarantees. Credit-based guarantees are disclosed as commitments or  contingent liabilities dependent on whether aircraft have been delivered or not. The Group considers asset-value guarantees to be  non-financial liabilities and provides for amounts required. As described on page 169, the Directors consider the likelihood of  crystallisation in assessing whether provision is required for any contingent liabilities. The Group\u2019s contingent liabilities relating to financing arrangements are spread over many years and relate to a number of customers and  a broad product portfolio and are reported on a discounted basis. ",
   "dimensions": {
    "concept": "rollsroyceholdings:DescriptionOfAccountingPolicyForCustomerFinancingSupport",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-781": {
   "value": "Post-retirement benefits Pensions and similar benefits (principally healthcare) are accounted for under IAS 19 Employee Benefits. For defined benefit plans, obligations are measured at discounted present value, using a discount rate derived from high-quality corporate bonds denominated in the currency of the plan, whilst plan assets are recorded at fair value. Surpluses in schemes are recognised as assets  only if they represent economic benefits available to the Group in the future. Actuarial gains and losses are recognised immediately in  OCI. The service and financing costs of such plans are recognised separately in the income statement:  \u2014 current service costs are spread systematically over the lives of employees;  \u2014 past-service costs and settlements are recognised immediately; and  \u2014 financing costs are recognised in the periods in which they arise. UK pension obligations include the estimated impact of the obligation to equalise defined benefit pensions and transfer values for men  and women. Payments to defined contribution schemes are charged as an expense as they fall due. Key estimate \u2013 Estimates of the assumptions for valuing the net defined benefit obligation The Group\u2019s defined benefit pension schemes and similar arrangements are assessed annually in accordance with IAS 19. The  valuations, which are based on assumptions determined with independent actuarial advice, resulted in a net deficit of \u00a3420m before deferred taxation being recognised on the balance sheet at 31 December 2022 (2021: deficit of \u00a3225m). The size of the net surplus/ deficit is sensitive to the actuarial assumptions, which include the discount rate, price inflation, pension and salary increases,  longevity and, in the UK, the number of plan members who take the option to transfer their pension to a lump sum on retirement  or who  choose to take the Bridging Pension  Option. Following consultation, the UK  scheme closed  to  future accrual on  31 December 2020. A reduction in the discount rate of 0.25% from 4.80% could lead to an increase in the defined benefit obligations of the RR UK  Pension Fund (RRUKPF) of approximately \u00a3205m. This would be expected to be broadly offset by changes in the value of scheme  assets, as the scheme\u2019s investment policies are designed to mitigate this risk. An increase in the assumed rate of inflation of 0.25% (RPI of 3.50% and CPI of 2.95%) could lead to an increase in the defined  benefit obligations of the RRUKPF of approximately \u00a370m. A one-year increase in life expectancy from 21.9 years (male aged 65) and from 23.2 years (male aged 45) would increase the defined benefit obligations of the RRUKPF by approximately \u00a3165m. Further details and sensitivities are included in note 22. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-782": {
   "value": "Share-based payments The Group provides share-based payment arrangements to certain employees. These are principally equity-settled arrangements and are  measured at fair value (excluding the effect of non-market based vesting conditions) at the date of grant. The fair value is expensed on a  straight-line basis over the vesting period. The amount recognised as an expense is adjusted to reflect the actual number of shares or  options that will vest, except where additional shares vest as a result market-based performance conditions, such as the total shareholder return (TSR) performance condition in the long-term incentive plan (LTIP), where no adjustment is required as allowance for these  performance conditions are included in the initial fair value. Cash-settled share options (grants in the International ShareSave plan) are measured at fair value at the balance sheet date. The Group  recognises a liability at the balance sheet date based on these fair values, taking into account the estimated number of options that are expected to vest and the relative completion of the vesting period. Changes in the value of this liability are recognised in the income  statement for the year. The cost of shares of Rolls-Royce Holdings plc held by the Group for the purpose of fulfilling obligations in respect of employee share  plans is deducted from equity in the consolidated balance sheet. See note 24 for a further description of the share-based payment plans. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-783": {
   "value": "Costs of share issues The costs of issuing ordinary shares are charged to the share premium account. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-784": {
   "value": "Revisions to IFRS not applicable in 2022 Standards and interpretations issued by the IASB are only applicable if endorsed by the UK. Other than IFRS 17 Insurance Contracts  described on page 125, the Group does not consider that any standards, amendments or interpretations issued by the IASB, but not yet  applicable will have a significant impact on the Consolidated Financial Statements. IFRS 17 Insurance Contracts IFRS 17 issued in May 2018, establishes the principles for the recognition, measurement, presentation and disclosure of insurance contracts  within the scope of the Standard. The Standard is effective for years beginning on or after 1 January 2023 with a requirement to restate  comparatives.  The Group has reviewed whether its arrangements meet the accounting definition of an insurance contract. While some contracts,  including Civil LTSAs, may transfer an element of insurance risk, they relate to warranty and service type agreements that are issued in  connection with the Group\u2019s sales of its goods or services and therefore will remain accounted for under the existing revenue and  provision standards. The Directors have judged that such arrangements entered into after the original equipment sale remain sufficiently related to the sale of the Group\u2019s goods and services.  The Group has identified that the Standard will impact the results of its captive insurance company as it issues insurance contracts,  however, the impact is expected to largely consolidate out in the Consolidated Financial Statements. The Standard includes a simplified approach and modifications to its general measurement model that can be applied in certain circumstances. Given the coverage period  of these insurance policies within the captive insurance company are 12 months or less, it is intended to make use of the \u2018premium  allocation approach\u2019 for the recognition of premiums. The confidence level and risk adjustments have been calculated using a weighted average cost of capital calculation with discount rates based on the European Insurance and Occupational Pension Authority (EIOPA)  risk-free interest rates. The opening balances on 1 January 2022, as well as the results for 2022, have been run under IFRS 17, and the expected impact on accumulated losses is less than \u00a31m. The Group is in the process of concluding its analysis of whether there is any further impact as a result of adopting the new Standard. This  will conclude in the first half of 2023. At this time there is no further known or reasonably estimatable information to disclose that is  relevant to assessing the possible impact that application of the new IFRS will have on the Consolidated Financial Statements. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-785": {
   "value": "Post balance sheet events The Group has taken the latest legal position in relation to any ongoing legal proceedings and reflected these in the 2022 results as appropriate. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-786": {
   "value": "2\u2002<span class=\"_ _c\"> </span>S<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>al\u2002analysis<span class=\"_ _351\"> </span>The <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>alys<span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>by <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess <span class=\"_ _2\"></span>se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ccord<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>8 <span class=\"_ _2\"></span><span class=\"ffbe ls7b wsaa\">Op<span class=\"_ _0\"></span>erating <span class=\"_ _0\"></span>Segments</span>, <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>ba<span class=\"_ _0\"></span>sis <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>tho<span class=\"_ _0\"></span>se <span class=\"_ _2\"></span>se<span class=\"_ _0\"></span>gmen<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>wh<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span> op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ting results are <span class=\"_ _f\"></span>regu<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>rly <span class=\"_ _3\"></span>rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>by <span class=\"_ _3\"></span>the Board <span class=\"_ _3\"></span>(who act<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>as <span class=\"_ _3\"></span>the Chief <span class=\"_ _3\"></span>Op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>De<span class=\"_ _0\"></span>cisio<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>Maker as <span class=\"_ _f\"></span>de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>by <span class=\"_ _3\"></span>IF<span class=\"_ _0\"></span>RS 8). <span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>Gro<span class=\"_ _0\"></span>up\u2019s<span class=\"_ _351\"> </span> four busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>ses are set ou<span class=\"_ _0\"></span>t belo<span class=\"_ _0\"></span>w.<span class=\"_ _351\"> </span> Civ<span class=\"_ _0\"></span>il Aerosp<span class=\"_ _0\"></span>ace <span class=\"_ _a5\"> </span> <span class=\"_ _33\"></span>devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>, manu<span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ture, ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>ing and sa<span class=\"_ _0\"></span>les of comm<span class=\"_ _0\"></span>ercial ae<span class=\"_ _0\"></span>ro engine<span class=\"_ _0\"></span>s and af<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket ser<span class=\"_ _2\"></span>vice<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>Defence <span class=\"_ _17e\"> </span> <span class=\"_ _33\"></span>development, manufac<span class=\"_ _0\"></span>ture, marketing and <span class=\"_ _0\"></span>sales <span class=\"_ _0\"></span>of militar<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>aero <span class=\"_ _0\"></span>engines, <span class=\"_ _0\"></span>naval<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>engines, <span class=\"_ _0\"></span>submarine nuclear <span class=\"_ _0\"></span>power<span class=\"_ _351\"> </span> pla<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and af<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket ser<span class=\"_ _2\"></span>vice<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>Power Sys<span class=\"_ _0\"></span>tems <span class=\"_ _59\"> </span>d<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>opm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, manu<span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ure, mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>ing and sal<span class=\"_ _0\"></span>es of integr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d solu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns for onsi<span class=\"_ _0\"></span>te powe<span class=\"_ _0\"></span>r and propu<span class=\"_ _0\"></span>lsi<span class=\"_ _0\"></span>on<span class=\"_ _351\"> </span>New Ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s <span class=\"_ _81\"> </span>d<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>, manu<span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ture and sal<span class=\"_ _0\"></span>es of small mo<span class=\"_ _0\"></span>dula<span class=\"_ _0\"></span>r reac<span class=\"_ _0\"></span>tor (SM<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>) and new ele<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>cal p<span class=\"_ _0\"></span>ower so<span class=\"_ _0\"></span>lut<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>O<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>B<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>A<span class=\"_ _b\"></span>S <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> of<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> on<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>l Nu<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>ar I<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>&amp; C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>trol <span class=\"_ _0\"></span>bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>til <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>date <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>disp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l on <span class=\"_ _0\"></span>5 N<span class=\"_ _0\"></span>ovemb<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1 an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ding <span class=\"_ _0\"></span>result<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span> Civ<span class=\"_ _0\"></span>il Nucle<span class=\"_ _0\"></span>ar busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Underl<span class=\"_ _3\"></span>ying r<span class=\"_ _3\"></span>esults<span class=\"_ _351\"> </span> The Grou<span class=\"_ _0\"></span>p present<span class=\"_ _0\"></span>s the finan<span class=\"_ _0\"></span>cial pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of the continui<span class=\"_ _0\"></span>ng busine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es in <span class=\"_ _3\"></span>ac<span class=\"_ _0\"></span>corda<span class=\"_ _0\"></span>nce wit<span class=\"_ _0\"></span>h IFRS 8 and consis<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ly wit<span class=\"_ _0\"></span>h the basis on<span class=\"_ _351\"> </span> which p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce is commu<span class=\"_ _0\"></span>nica<span class=\"_ _0\"></span>ted to the B<span class=\"_ _0\"></span>oard ea<span class=\"_ _0\"></span>ch mont<span class=\"_ _0\"></span>h.<span class=\"_ _0\"></span> Und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g result<span class=\"_ _0\"></span>s are present<span class=\"_ _0\"></span>ed by recordi<span class=\"_ _0\"></span>ng all releva<span class=\"_ _0\"></span>nt revenue and cos<span class=\"_ _0\"></span>t of sales tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns at the averag<span class=\"_ _0\"></span>e exchange rate ach<span class=\"_ _0\"></span>ieve<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> on <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>led <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>flow <span class=\"_ _2\"></span>occur<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>revalu<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>net<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s usin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he excha<span class=\"_ _0\"></span>nge <span class=\"_ _0\"></span>rate <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>to b<span class=\"_ _0\"></span>e ach<span class=\"_ _0\"></span>ieve<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>he u<span class=\"_ _0\"></span>se of <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e ef<span class=\"_ _2\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k is <span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin <span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g<span class=\"_ _351\"> </span> cos<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>sal<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>Und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>fina<span class=\"_ _0\"></span>ncing <span class=\"_ _2\"></span>excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>reva<span class=\"_ _0\"></span>luing <span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>end <span class=\"_ _2\"></span>exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>. <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span>T<span class=\"_ _f\"></span>ra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>iminat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Un<span class=\"_ _0\"></span>reali<span class=\"_ _0\"></span>sed <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>/(loss<span class=\"_ _0\"></span>es) <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>fore<span class=\"_ _0\"></span>ign <span class=\"_ _2\"></span>exchan<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hey <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tuto<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>s, <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>from<span class=\"_ _0\"></span> <span class=\"_ _35\"></span><span class=\"ffbf ls3 ws3\"> </span>un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> resu<span class=\"_ _0\"></span>lt<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>. T<span class=\"_ _3\"></span>o th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> tha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y for<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> tra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span> are no<span class=\"_ _0\"></span> lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to<span class=\"_ _0\"></span> occ<span class=\"_ _0\"></span>ur, an app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> unreal<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d fair valu<span class=\"_ _0\"></span>e gain/(l<span class=\"_ _0\"></span>oss) on foreign excha<span class=\"_ _0\"></span>nge con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts is reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d immed<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>ly in the unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g result<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.  Amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>rece<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>ble/(<span class=\"_ _0\"></span>pay<span class=\"_ _0\"></span>able) <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>teres<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>rate <span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>wap<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>no<span class=\"_ _0\"></span>t <span class=\"_ _2\"></span>desi<span class=\"_ _0\"></span>gnate<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>ps <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>purp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>are<span class=\"_ _351\"> </span> recl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _2\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>tor<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sis <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e/(p<span class=\"_ _0\"></span>ayabl<span class=\"_ _0\"></span>e) <span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>if <span class=\"_ _2\"></span>they <span class=\"_ _2\"></span>were <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span> ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve hed<span class=\"_ _0\"></span>ge rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ip.<span class=\"_ _0\"></span> In the<span class=\"_ _3\"></span> year <span class=\"_ _3\"></span>to 31<span class=\"_ _3\"></span> December 2022, the Group<span class=\"_ _3\"></span> was a<span class=\"_ _3\"></span> net selle<span class=\"_ _3\"></span>r of USD <span class=\"_ _3\"></span>at an <span class=\"_ _3\"></span>achieved<span class=\"_ _3\"></span> exc<span class=\"_ _3\"></span>hange rat<span class=\"_ _3\"></span>e GBP:US<span class=\"_ _0\"></span>D of<span class=\"_ _3\"></span> 1.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0 (2021: In <span class=\"_ _3\"></span>the first h<span class=\"_ _3\"></span>alf<span class=\"_ _351\"> </span> of t<span class=\"_ _3\"></span>he y<span class=\"_ _3\"></span>ear<span class=\"_ _f\"></span>, the<span class=\"_ _3\"></span> Grou<span class=\"_ _3\"></span>p was<span class=\"_ _f\"></span> a net pu<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>haser<span class=\"_ _3\"></span> of USD<span class=\"_ _3\"></span> at a<span class=\"_ _3\"></span>n ach<span class=\"_ _3\"></span>iev<span class=\"_ _3\"></span>ed ex<span class=\"_ _f\"></span>change<span class=\"_ _3\"></span> rat<span class=\"_ _3\"></span>e GBP:USD of<span class=\"_ _3\"></span> 1.<span class=\"_ _0\"></span>39. In<span class=\"_ _f\"></span> the secon<span class=\"_ _3\"></span>d hal<span class=\"_ _3\"></span>f of<span class=\"_ _3\"></span> 2021, the Gr<span class=\"_ _3\"></span>oup<span class=\"_ _351\"> </span> was a net seller of US<span class=\"_ _0\"></span>D at <span class=\"_ _3\"></span>an achieve<span class=\"_ _0\"></span>d exchang<span class=\"_ _0\"></span>e rate of <span class=\"_ _3\"></span>GB<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>:U<span class=\"_ _0\"></span>SD of 1.<span class=\"_ _2\"></span>59) bas<span class=\"_ _0\"></span>ed on the US<span class=\"_ _0\"></span>D hedg<span class=\"_ _0\"></span>e book<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:920.2965px;\">Es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>of future USD cash flows <span class=\"_ _3\"></span>have bee<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>usi<span class=\"_ _0\"></span>ng the <span class=\"_ _3\"></span>Gro<span class=\"_ _0\"></span>up\u2019s <span class=\"_ _3\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>se foreca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>. These USD cash flows have <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en used to<span class=\"_ _351\"> </span> </div><div class=\"t m6b5 h1a ffbd fse fc2 sc0 ls6d ws9a\" style=\"bottom:905.2965px;\">est<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>lish <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>US<span class=\"_ _0\"></span>D <span class=\"_ _2\"></span>hed<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>requi<span class=\"_ _0\"></span>rement<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>In <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Group <span class=\"_ _2\"></span>to<span class=\"_ _0\"></span>ok <span class=\"_ _2\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>duce <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>size <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>US<span class=\"_ _0\"></span>D <span class=\"_ _2\"></span>hed<span class=\"_ _0\"></span>ge <span class=\"_ _2\"></span>bo<span class=\"_ _0\"></span>ok <span class=\"_ _2\"></span>by<span class=\"_ _351\"> </span> </div><div class=\"t m6b9 h1a ffbd fse fc2 sc0 ls69 ws96\" style=\"bottom:890.2965px;\">$<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>1<span class=\"_ _b\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>-<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span> un<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>\u00a3<span class=\"_ _b\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls3 ws3\" style=\"bottom:875.2965px;\">cash settlement<span class=\"_ _3\"></span> costs occu<span class=\"_ _3\"></span>rring o<span class=\"_ _3\"></span>ver the<span class=\"_ _3\"></span> period 2020-2026. The deriva<span class=\"_ _3\"></span>tives r<span class=\"_ _3\"></span>elating t<span class=\"_ _3\"></span>o this<span class=\"_ _3\"></span> underlying<span class=\"_ _3\"></span> char<span class=\"_ _3\"></span>ge ha<span class=\"_ _3\"></span>ve been s<span class=\"_ _3\"></span>ubsequently<span class=\"_ _351\"> </span> </div><div class=\"t m436 h1a ffbd fse fc2 sc0 ls74 wsa2\" style=\"bottom:860.29645px;\">exclud<span class=\"_ _0\"></span>ed <span class=\"_ _2\"></span>fro<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>and<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>refo<span class=\"_ _0\"></span>re, <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>al<span class=\"_ _0\"></span>so <span class=\"_ _2\"></span>exclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>aver<span class=\"_ _0\"></span>age <span class=\"_ _2\"></span>exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate <span class=\"_ _2\"></span>achi<span class=\"_ _0\"></span>eved <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls80 wsae\" style=\"bottom:845.29645px;\">curren<span class=\"_ _3\"></span>t and futu<span class=\"_ _3\"></span>re periods. This c<span class=\"_ _3\"></span>harge was<span class=\"_ _3\"></span> rever<span class=\"_ _3\"></span>sed in arriving <span class=\"_ _3\"></span>at the 2020 statutory per<span class=\"_ _0\"></span>formance on the<span class=\"_ _3\"></span> basis that<span class=\"_ _3\"></span> the cum<span class=\"_ _3\"></span>ulative fair<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:830.29645px;\">valu<span class=\"_ _0\"></span>e change<span class=\"_ _0\"></span>s on thes<span class=\"_ _0\"></span>e deri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts are reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as th<span class=\"_ _0\"></span>ey aris<span class=\"_ _0\"></span>e.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:807.79645px;\">Und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g per<span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>manc<span class=\"_ _0\"></span>e also exclu<span class=\"_ _0\"></span>des th<span class=\"_ _0\"></span>e follo<span class=\"_ _0\"></span>wing<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:785.29645px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ct of acqu<span class=\"_ _0\"></span>isit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n accoun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g and busin<span class=\"_ _0\"></span>ess disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s;<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:770.29645px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls6b ws98\">impairment of <span class=\"_ _0\"></span>goodwill<span class=\"_ _0\"></span>, ot<span class=\"_ _0\"></span>her non-<span class=\"_ _0\"></span>current and current asset<span class=\"_ _0\"></span>s where <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>reasons for t<span class=\"_ _0\"></span>he impairment are <span class=\"_ _0\"></span>outside <span class=\"_ _0\"></span>of no<span class=\"_ _0\"></span>rmal operating<span class=\"_ _351\"> </span></span><span class=\"ffbd ls6b ws98\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls62 ws8f\" style=\"left:13.294952px; bottom:755.29645px;\">activities;<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:740.29645px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">excep<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onal ite<span class=\"_ _0\"></span>ms; and<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbf fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:725.29645px;\"> <span class=\"_ _37\"></span>\u2014<span class=\"_ _34\"> </span><span class=\"ffbd ls5c ws8a\">cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n othe<span class=\"_ _0\"></span>r items whic<span class=\"_ _0\"></span>h are market dri<span class=\"_ _0\"></span>ven and out<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e of the cont<span class=\"_ _0\"></span>rol of mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h15 ffbc fsc fc2 sc0 ls6f ws9c\" style=\"bottom:693.79645px;\">Acquisition <span class=\"_ _3\"></span>accounting, busines<span class=\"_ _f\"></span>s disposals <span class=\"_ _3\"></span>and impairment<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:678.79645px;\">The Gro<span class=\"_ _0\"></span>up exclude the<span class=\"_ _0\"></span>se from unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g result<span class=\"_ _0\"></span>s so that the current year and comp<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve result<span class=\"_ _0\"></span>s are direct<span class=\"_ _0\"></span>ly comp<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc2 sc0 ls6f ws9c\" style=\"bottom:647.29645px;\">Ex<span class=\"_ _3\"></span>ceptional <span class=\"_ _3\"></span>items<span class=\"_ _351\"> </span></div><div class=\"t m6ba h1a ffbd fse fc2 sc0 ls6c ws99\" style=\"bottom:632.29645px;\">Ite<span class=\"_ _0\"></span>ms <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>excep<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onal <span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ieve <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>result<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>way <span class=\"_ _2\"></span>is <span class=\"_ _2\"></span>us<span class=\"_ _0\"></span>eful <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ffbf ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws9a\" style=\"bottom:617.29645px;\">unde<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g of the Group\u2019s financi<span class=\"_ _0\"></span>al per<span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>manc<span class=\"_ _0\"></span>e. E<span class=\"_ _0\"></span>xcep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal item<span class=\"_ _0\"></span>s are identi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d by vir<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>e of their size, natu<span class=\"_ _0\"></span>re or inciden<span class=\"_ _0\"></span>ce.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls9e wscc\" style=\"bottom:594.79645px;\">I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> de<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> wh<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> tr<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>D<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> qu<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span></div><div class=\"t m6bb h1a ffbd fse fc2 sc0 ls6d wscb\" style=\"bottom:579.79645px;\">frequ<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>pred<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ccur<span class=\"_ _0\"></span>rence<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>E<span class=\"_ _0\"></span>xamp<span class=\"_ _0\"></span>les <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>excep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal <span class=\"_ _2\"></span>ite<span class=\"_ _0\"></span>ms <span class=\"_ _2\"></span>inclu<span class=\"_ _0\"></span>de <span class=\"_ _2\"></span>one<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>time <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>charg<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>respe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>erosp<span class=\"_ _0\"></span>ace<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:564.79645px;\">pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, cost<span class=\"_ _0\"></span>s of res<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>es and one<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>e past se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice charg<span class=\"_ _0\"></span>es and credi<span class=\"_ _0\"></span>ts on p<span class=\"_ _0\"></span>ost-ret<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent sche<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:542.29645px;\">Subs<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uent <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>exce<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>item<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>so <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>exce<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>All <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>will <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:527.29645px;\">reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:504.79645px;\">E<span class=\"_ _0\"></span>xcep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal ite<span class=\"_ _0\"></span>ms are not allo<span class=\"_ _0\"></span>cate<span class=\"_ _0\"></span>d to segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and may not be comp<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>ble to simil<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y tit<span class=\"_ _0\"></span>led me<span class=\"_ _0\"></span>asures us<span class=\"_ _0\"></span>ed by oth<span class=\"_ _0\"></span>er comp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc2 sc0 ls6f ws9c\" style=\"bottom:480.79645px;\">Other items<span class=\"_ _351\"> </span></div><div class=\"t m6bc h1a ffbd fse fc2 sc0 ls60 ws8d\" style=\"bottom:465.79645px;\">The <span class=\"_ _f\"></span>financing <span class=\"_ _f\"></span>component <span class=\"_ _f\"></span>of <span class=\"_ _f\"></span>the <span class=\"_ _f\"></span>de<span class=\"_ _0\"></span>fined <span class=\"_ _f\"></span>benefi<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>pension <span class=\"_ _f\"></span>scheme <span class=\"_ _f\"></span>cost <span class=\"_ _3\"></span>is <span class=\"_ _f\"></span>determined <span class=\"_ _f\"></span>by <span class=\"_ _f\"></span>market <span class=\"_ _f\"></span>conditions <span class=\"_ _f\"></span>and <span class=\"_ _f\"></span>has <span class=\"_ _f\"></span>therefore <span class=\"_ _f\"></span>been <span class=\"_ _f\"></span>included<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:450.79645px;\">as a reconci<span class=\"_ _0\"></span>ling di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en unde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing and s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tuto<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls86 wsb4\" style=\"bottom:428.29645px;\">Th<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ef<span class=\"_ _2\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s of th<span class=\"_ _0\"></span>e ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e are<span class=\"_ _0\"></span> exclu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> und<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>. In<span class=\"_ _0\"></span> add<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> in ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> rate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> or cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:413.29645px;\">amou<span class=\"_ _0\"></span>nt of recovera<span class=\"_ _0\"></span>ble de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x or adv<span class=\"_ _0\"></span>ance co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ta<span class=\"_ _0\"></span>x reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed are als<span class=\"_ _0\"></span>o exclude<span class=\"_ _0\"></span>d.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 lsf1 wsac\" style=\"bottom:390.79645px;\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e Gr<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>\u2019s<span class=\"_ _0\"></span> bu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s on<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s de<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ab<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> a <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:375.79645px;\">unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g result<span class=\"_ _0\"></span>s to those rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed in the con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted inc<span class=\"_ _0\"></span>ome st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 lsd9 ws104\" style=\"left:325.03754px; bottom:345.59546px;\">Civil</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 lsd9 ws104\" style=\"left:295.8609px; bottom:335.0947px;\">\u2002Aerospace\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:332.39624px; bottom:324.59396px;\">\u00a3m\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls183 ws1b7\" style=\"left:372.408px; bottom:335.0947px;\">Defence\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:395.97046px; bottom:324.59396px;\">\u00a3m\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls236 ws2a8\" style=\"left:445.1001px; bottom:345.59546px;\">Power\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls23a ws2ac\" style=\"left:436.79504px; bottom:335.0947px;\">Systems\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:458.88525px; bottom:324.59396px;\">\u00a3m\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 lsbf wsec\" style=\"left:516.93646px; bottom:345.59546px;\">New\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls193 ws1c7\" style=\"left:500.9469px; bottom:335.0947px;\">Ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:523.4883px; bottom:324.59396px;\">\u00a3m\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls237 ws2a9\" style=\"left:574.2843px; bottom:345.59546px;\">Other\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls50 ws7c\" style=\"left:554.6439px; bottom:335.0947px;\">businesses\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:587.30896px; bottom:324.59396px;\">\u00a3m\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls23a ws2ac\" style=\"left:618.9312px; bottom:356.0962px;\">Corpo<span class=\"_ _0\"></span>rate\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls22a ws233\" style=\"left:620.6785px; bottom:345.59546px;\">and\u2002I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>r-<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls237 ws2a9\" style=\"left:626.9988px; bottom:335.0947px;\">segment\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:650.2944px; bottom:324.59396px;\">\u00a3m\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls18a ws2ad\" style=\"left:706.3641px; bottom:345.59546px;\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls183 ws1b7\" style=\"left:678.82965px; bottom:335.0947px;\">Underlying<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:714.86804px; bottom:324.59396px;\">\u00a3m\u2002</div><div class=\"t m0 h1d ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:307.6156px;\">Y<span class=\"_ _f\"></span>ear\u2002ended\u200231\u2002December\u20022022<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:290.63562px;\">Underlying r<span class=\"_ _f\"></span>evenue from <span class=\"_ _3\"></span>sale of origina<span class=\"_ _3\"></span>l equipment<span class=\"_ _7d\"> </span><span class=\"ffc2 ls15b ws189\">1,982 <span class=\"_ _5d\"> </span><span class=\"ffbb ls3 ws3\">1<span class=\"_ _0\"></span>,63<span class=\"_ _0\"></span>4\u2002<span class=\"_ _5a\"> </span></span><span class=\"ls6d wscb\">2<span class=\"_ _2\"></span>,18<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _75\"> </span><span class=\"ls3 ws3\">1 <span class=\"_ _2b\"> </span><span class=\"ffbb\">\u2013<span class=\"_ _ae\"> </span></span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _10d\"> </span><span class=\"lsa9 wsd6\">5,799<span class=\"_ _3\"></span> </span></span></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:273.6556px;\">Underlying r<span class=\"_ _f\"></span>evenue from <span class=\"_ _3\"></span>aftermarket services<span class=\"_ _f2\"> </span><span class=\"ffbb\">3<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>04<span class=\"_ _0\"></span>\u2002<span class=\"_ _10d\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>,02<span class=\"_ _0\"></span>6\u2002<span class=\"_ _cc\"> </span><span class=\"ls6d wscb\">1,1<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>\u2002<span class=\"_ _2b\"> </span></span><span class=\"ffc2\">2 <span class=\"_ _2b\"> </span></span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _10d\"> </span><span class=\"ffc2\">6,8<span class=\"_ _0\"></span>92<span class=\"_ _351\"> </span></span></span></span><span class=\"ffbb\"><span class=\"ls3 ws3\"><span class=\"ffc2\"> </span></span></span></div><div class=\"t m0 h25 ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:256.6756px;\">T<span class=\"_ _f\"></span>otal\u2002underlying\u2002r<span class=\"_ _3\"></span>evenue\u2002<span class=\"_ _116\"> </span><span class=\"ffc2 lsa9 wsd6\">5,68<span class=\"_ _3\"></span>6 <span class=\"_ _114\"> </span><span class=\"ffbb\">3,660\u2002<span class=\"_ _ad\"> </span><span class=\"ls83 wsb1\">3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>47\u2002<span class=\"_ _ae\"> </span><span class=\"ls3 ws3\">3\u2002<span class=\"_ _2b\"> </span>\u2013<span class=\"_ _ae\"> </span></span></span></span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _10b\"> </span><span class=\"lsaa wsd7\">12,691<span class=\"_ _351\"> </span></span></span></span><span class=\"ffc2 lsa9 wsd6\"><span class=\"lsb5 ws9a\"><span class=\"lsaa wsd7\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws3\" style=\"bottom:239.69562px;\">Gr<span class=\"_ _3\"></span>oss profit/(loss)<span class=\"_ _fb\"> </span><span class=\"ffbb ls3\">853\u2002<span class=\"_ _81\"> </span><span class=\"ffc2\">7<span class=\"_ _0\"></span>26 <span class=\"_ _99\"> </span>918 <span class=\"_ _7b\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>)<span class=\"_ _7d\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _73\"> </span></span></span></span>10\u2002<span class=\"_ _5d\"> </span><span class=\"ls83 wsb1\">2<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>47<span class=\"_ _0\"></span>7\u2002</span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:222.7156px;\">Commer<span class=\"_ _3\"></span>cial and admini<span class=\"_ _3\"></span>strative costs<span class=\"_ _203\"> </span><span class=\"ffbb ls7b wsaa\">(371)<span class=\"_ _68\"> </span><span class=\"ls9f wscd\">(<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>74)<span class=\"_ _124\"> </span><span class=\"ls68 ws95\">(44<span class=\"_ _0\"></span>1)<span class=\"_ _7f\"> </span><span class=\"ls6d wscb\">(2<span class=\"_ _0\"></span>3)<span class=\"_ _1a\"> </span><span class=\"ffc2 ls77 wsa5\">(2)<span class=\"_ _71\"> </span></span></span></span></span><span class=\"ffc2\">(51)<span class=\"_ _10b\"> </span></span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>62<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:205.7356px;\">Resear<span class=\"_ _3\"></span>ch and dev<span class=\"_ _3\"></span>elopment costs<span class=\"_ _e3\"> </span><span class=\"ffbb ls68 ws95\">(4<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span><span class=\"ffc2 ls63 ws90\">(1<span class=\"_ _0\"></span>22)<span class=\"_ _56\"> </span></span><span class=\"ls74 wsa2\">(204)<span class=\"_ _a0\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8)<span class=\"_ _ae\"> </span><span class=\"ls3 ws3\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _95\"> </span><span class=\"ffc2 ls6c ws99\">(8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span></span></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:188.75562px;\">Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>esults of joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _1e\"> </span><span class=\"ffbb ls3 ws3\">113\u2002<span class=\"_ _ae\"> </span><span class=\"ffc2\">2 <span class=\"_ _60\"> </span>8 <span class=\"_ _84\"> </span></span>\u2013\u2002<span class=\"_ _ae\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _61\"> </span>123\u2002</span></div><div class=\"t m0 h25 ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:172.2196px;\">Underlying\u2002opera<span class=\"_ _3\"></span>ting\u2002profit/(los<span class=\"_ _3\"></span>s)\u2002<span class=\"_ _13b\"> </span><span class=\"ls62 ws8f\">143\u2002<span class=\"_ _81\"> </span><span class=\"ls60 ws8d\">4<span class=\"_ _0\"></span>32\u2002<span class=\"_ _61\"> </span><span class=\"ffc2 ls3 ws3\">281 <span class=\"_ _124\"> </span></span>(1<span class=\"_ _0\"></span>32)<span class=\"_ _aa\"> </span><span class=\"ls77 wsa5\">(<span class=\"_ _0\"></span>31)<span class=\"_ _71\"> </span><span class=\"ls68 ws95\">(41<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span><span class=\"ffc2 ls6c ws99\">6<span class=\"_ _0\"></span>52<span class=\"_ _351\"> </span></span></span></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:138.07962px;\">Y<span class=\"_ _f\"></span>ear ended 31 December <span class=\"_ _3\"></span>2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:121.09961px;\">Underlying r<span class=\"_ _f\"></span>evenue from <span class=\"_ _3\"></span>sale of origina<span class=\"_ _3\"></span>l equipment<span class=\"_ _72\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>12 <span class=\"_ _6b\"> </span><span class=\"ls6c ws99\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>411 <span class=\"_ _2a\"> </span><span class=\"lsce wsf8\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _84\"> </span></span></span><span class=\"ffbf\">\u2013<span class=\"_ _71\"> </span></span>15<span class=\"_ _0\"></span>5<span class=\"_ _15a\"> </span><span class=\"ls80 wsae\">(11)<span class=\"_ _6e\"> </span></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>911<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:104.1196px;\">Underlying r<span class=\"_ _f\"></span>evenue from <span class=\"_ _3\"></span>aftermarket services<span class=\"_ _38\"> </span><span class=\"ls62 ws8f\">2,9<span class=\"_ _0\"></span>24 <span class=\"_ _154\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>57 <span class=\"_ _1f7\"> </span>1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5 <span class=\"_ _ae\"> </span>2 <span class=\"_ _7d\"> </span>148 <span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013<span class=\"_ _5d\"> </span></span><span class=\"ls9c wsc9\">6,036<span class=\"_ _351\"> </span></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:87.1396px;\">T<span class=\"_ _3\"></span>otal underlying r<span class=\"_ _f\"></span>evenue<span class=\"_ _e4\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>53<span class=\"_ _0\"></span>6 <span class=\"_ _9c\"> </span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>8 <span class=\"_ _5d\"> </span><span class=\"lsce wsf8\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _ae\"> </span></span>2 <span class=\"_ _5e\"> </span>30<span class=\"_ _0\"></span>3 <span class=\"_ _64\"> </span><span class=\"ls80 wsae\">(11)<span class=\"_ _a4\"> </span><span class=\"ls63 ws90\">10<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>47<span class=\"_ _351\"> </span></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws3\" style=\"bottom:70.15961px;\">Gr<span class=\"_ _3\"></span>oss profit/(loss)<span class=\"_ _204\"> </span><span class=\"lsce wsf8\">474<span class=\"_ _2\"></span> <span class=\"_ _7f\"> </span></span><span class=\"ls3\">72<span class=\"_ _0\"></span>1 <span class=\"_ _81\"> </span>7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>8 <span class=\"_ _de\"> </span>1 <span class=\"_ _83\"> </span><span class=\"ls6b ws98\">32 <span class=\"_ _67\"> </span><span class=\"ls80 wsae\">(10)<span class=\"_ _5d\"> </span></span></span>1,9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:53.17961px;\">Commer<span class=\"_ _3\"></span>cial and admini<span class=\"_ _3\"></span>strative costs<span class=\"_ _29\"> </span><span class=\"ls3 ws3\">(297<span class=\"_ _0\"></span>)<span class=\"_ _6c\"> </span><span class=\"ls80 wsae\">(1<span class=\"_ _0\"></span>61)<span class=\"_ _56\"> </span><span class=\"ls6b ws98\">(3<span class=\"_ _0\"></span>83)<span class=\"_ _1a\"> </span>(3)<span class=\"_ _7d\"> </span></span>(20)<span class=\"_ _61\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5)<span class=\"_ _95\"> </span><span class=\"ls62 ws8f\">(899)<span class=\"_ _351\"> </span></span></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:36.1996px;\">Resear<span class=\"_ _3\"></span>ch and dev<span class=\"_ _3\"></span>elopment costs<span class=\"_ _13b\"> </span><span class=\"ls74 wsa2\">(4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _6b\"> </span><span class=\"ls65 ws92\">(1<span class=\"_ _0\"></span>05)<span class=\"_ _68\"> </span><span class=\"ls6e ws9b\">(157<span class=\"_ _0\"></span>)<span class=\"_ _7d\"> </span><span class=\"ls80 wsae\">(6<span class=\"_ _0\"></span>8)<span class=\"_ _67\"> </span>(1<span class=\"_ _0\"></span>0)<span class=\"_ _84\"> </span><span class=\"ffbf ls3 ws3\">\u2013<span class=\"_ _157\"> </span></span><span class=\"lsce wsf8\">(<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:19.219604px;\">Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>esults of joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _1a2\"> </span><span class=\"ls3 ws3\">85 <span class=\"_ _ae\"> </span>2 <span class=\"_ _ae\"> </span>4 <span class=\"_ _2b\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _64\"> </span></span>9<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:2.683609px;\">Underlying oper<span class=\"_ _3\"></span>ating (loss)/pr<span class=\"_ _3\"></span>ofit<span class=\"_ _f6\"> </span><span class=\"ls6e ws9b\">(172<span class=\"_ _0\"></span>)<span class=\"_ _81\"> </span><span class=\"ls3 ws3\">457<span class=\"_ _67\"> </span></span>242 <span class=\"_ _7d\"> </span><span class=\"ls80 wsae\">(<span class=\"_ _0\"></span>70)<span class=\"_ _ae\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _5c\"> </span><span class=\"ls74 wsa2\">(4<span class=\"_ _0\"></span>5)<span class=\"_ _61\"> </span><span class=\"ls6c ws99\">414<span class=\"_ _351\"> </span></span></span></span></span></span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:950.28406px;\">2\u2002<span class=\"_ _c\"> </span>Se<span class=\"_ _0\"></span>gmental\u2002anal<span class=\"_ _3\"></span>ysis\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:850.36414px;\">2\u2002<span class=\"_ _c\"> </span>Se<span class=\"_ _0\"></span>gmental\u2002anal<span class=\"_ _3\"></span>ysis\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:818.86414px;\">Reconcilia<span class=\"_ _3\"></span>tion to sta<span class=\"_ _3\"></span>tutory r<span class=\"_ _3\"></span>esults<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls18a ws2ad\" style=\"left:536.1819px; bottom:775.1631px;\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls183 ws1b7\" style=\"left:509.1336px; bottom:764.66235px;\">underlying<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:543.88934px; bottom:754.16156px;\">\u00a3m\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls183 ws1b7\" style=\"left:593.8973px; bottom:806.6653px;\">Underlying\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls22a ws233\" style=\"left:570.6618px; bottom:796.16455px;\">adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s\u2002an<span class=\"_ _0\"></span>d\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls237 ws2a9\" style=\"left:589.63574px; bottom:785.6638px;\">adjustments\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls22a ws233\" style=\"left:600.36017px; bottom:775.1631px;\">to\u2002fo<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls183 ws1b7\" style=\"left:600.36017px; bottom:764.66235px;\">exc<span class=\"_ _3\"></span>hange<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:629.4235px; bottom:754.16156px;\">\u00a3m\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 lsa0 ws1d8\" style=\"left:698.943px; bottom:785.6638px;\">Grou<span class=\"_ _0\"></span>p\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls183 ws1b7\" style=\"left:687.21045px; bottom:775.1631px;\">statutory\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls23b ws2ae\" style=\"left:698.943px; bottom:764.66235px;\">result<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:714.86804px; bottom:754.16156px;\">\u00a3m\u2002</div><div class=\"t m0 h1d ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:737.1832px;\">Y<span class=\"_ _f\"></span>ear\u2002ended\u200231\u2002December\u20022022<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:720.20325px;\">Continuing\u2002opera<span class=\"_ _3\"></span>tions<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:703.2232px;\">Revenue <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>sale of original <span class=\"_ _3\"></span>equipment<span class=\"_ _205\"> </span><span class=\"ffc2 lsa9 wsd6\">5,7<span class=\"_ _3\"></span>99 <span class=\"_ _65\"> </span><span class=\"ffbb ls9f wscd\">4<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>\u2002<span class=\"_ _15a\"> </span><span class=\"ls3 ws3\">6,<span class=\"_ _0\"></span>27<span class=\"_ _0\"></span>3\u2002</span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:686.2432px;\">Revenue <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>aftermarket services<span class=\"_ _206\"> </span><span class=\"ffc2 ls3 ws3\">6,<span class=\"_ _0\"></span>892 <span class=\"_ _c4\"> </span><span class=\"ffbb\">355\u2002<span class=\"_ _ae\"> </span><span class=\"ls85 wsb3\">7,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>\u2002</span></span></span></div><div class=\"t m0 h25 ffbb fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:669.26324px;\">T<span class=\"_ _f\"></span>otal\u2002re<span class=\"_ _3\"></span>venue\u2002<span class=\"_ _196\"> </span><span class=\"ffc2 lsaa wsd7\">12,691 <span class=\"_ _dc\"> </span><span class=\"ls3 ws3\">82<span class=\"_ _0\"></span>9 <span class=\"_ _72\"> </span></span></span><span class=\"ls6c ws99\">13<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>520<span class=\"_ _0\"></span>\u2002</span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws3\" style=\"left:13.294952px; bottom:652.28326px;\">Gr<span class=\"_ _3\"></span>oss profit<span class=\"_ _207\"> </span><span class=\"ffbb ls83 wsb1\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>47<span class=\"_ _2\"></span>7\u2002<span class=\"_ _dc\"> </span><span class=\"ls3 ws3\">28<span class=\"_ _0\"></span>0\u2002<span class=\"_ _60\"> </span></span></span><span class=\"ffc2 ws8a\">2<span class=\"_ _0\"></span>,75<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span><span class=\"ffc2 ws8a\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:635.3032px;\">Commer<span class=\"_ _3\"></span>cial and admini<span class=\"_ _3\"></span>strative costs<span class=\"_ _176\"> </span><span class=\"ffbb ls63 ws90\">(1,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>62)<span class=\"_ _c3\"> </span><span class=\"ffc2 lsb5 ws9a\">(1<span class=\"_ _0\"></span>5)<span class=\"_ _26\"> </span></span>(1<span class=\"_ _0\"></span>,07<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:618.32324px;\">Resear<span class=\"_ _3\"></span>ch and dev<span class=\"_ _3\"></span>elopment costs<span class=\"_ _208\"> </span><span class=\"ffc2 ls6c ws99\">(88<span class=\"_ _0\"></span>6)<span class=\"_ _38\"> </span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _bb\"> </span></span>(8<span class=\"_ _0\"></span>91<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:601.34326px;\">Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>esults of joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _209\"> </span><span class=\"ffbb ls3 ws3\">123\u2002<span class=\"_ _17e\"> </span><span class=\"ffc2 lsb5 ws9a\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5)<span class=\"_ _39\"> </span></span>48\u2002</span></div><div class=\"t m0 h25 ffbb fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:584.3632px;\">Operating\u2002pr<span class=\"_ _f\"></span>ofit<span class=\"_ _192\"> </span><span class=\"ffc2 ls6c ws99\">652 <span class=\"_ _19\"> </span><span class=\"ls3 ws3\">18<span class=\"_ _0\"></span>5 <span class=\"_ _e7\"> </span></span></span><span class=\"ls62 ws8f\">837\u2002</span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws3\" style=\"left:13.294952px; bottom:567.38324px;\">Gain arising on the disposal of businesses<span class=\"_ _20a\"> </span><span class=\"ffbb ls3\">\u2013\u2002<span class=\"_ _f2\"> </span><span class=\"ffc2\">81 <span class=\"_ _f2\"> </span>81<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3\"><span class=\"ffc2\"> </span></span></div><div class=\"t m0 h25 ffbb fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:550.40326px;\">Profit\u2002bef<span class=\"_ _3\"></span>ore\u2002financing\u2002and\u2002ta<span class=\"_ _3\"></span>xation<span class=\"_ _20b\"> </span><span class=\"ffc2 ls6c ws99\">652 <span class=\"_ _dc\"> </span><span class=\"ls3 ws3\">26<span class=\"_ _0\"></span>6 <span class=\"_ _19\"> </span>918<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 ls6c ws99\"><span class=\"ls3 ws3\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:533.4232px;\">Net financing<span class=\"_ _19f\"> </span><span class=\"ffbb ls68 ws95\">(4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _1a\"> </span><span class=\"ls15b ws189\">(1,9<span class=\"_ _3\"></span>7<span class=\"_ _f\"></span>4)<span class=\"_ _72\"> </span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>20)<span class=\"_ _351\"> </span></span></span></span></div><div class=\"t m0 h1d ffbb fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:516.44324px;\">Profit/(lo<span class=\"_ _3\"></span>ss)\u2002befor<span class=\"_ _3\"></span>e\u2002taxation<span class=\"_ _20c\"> </span><span class=\"ls3 ws3\">206\u2002<span class=\"_ _1a\"> </span></span>(1,70<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _64\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>02)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:499.46326px;\">T<span class=\"_ _3\"></span>axation <span class=\"_ _20d\"> </span><span class=\"ffbb ls68 ws95\">(4<span class=\"_ _0\"></span>8)<span class=\"_ _dc\"> </span><span class=\"ls3 ws3\">356\u2002<span class=\"_ _c5\"> </span>30<span class=\"_ _0\"></span>8\u2002</span></span></div><div class=\"t m0 h25 ffbb fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:482.48322px;\">Profit/(lo<span class=\"_ _3\"></span>ss)\u2002for\u2002the\u2002year\u2002fr<span class=\"_ _f\"></span>om\u2002continuing\u2002operations<span class=\"_ _13\"> </span><span class=\"ffc2 ls3 ws3\">1<span class=\"_ _0\"></span>58 <span class=\"_ _1a\"> </span></span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span>2)<span class=\"_ _85\"> </span><span class=\"ls6d wscb\">(1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:465.50323px;\">Discontinued oper<span class=\"_ _3\"></span>ations<span class=\"_ _351\"> </span> </div><div class=\"t m0 h39 ffbd fs13 fc2 sc0 ls3 ws3\" style=\"left:132.39195px; bottom:469.50043px;\">1<span class=\"_ _351\"> </span></div><div class=\"t m0 h25 ffc2 fse fc2 sc0 ls3 ws3\" style=\"left:543.88934px; bottom:465.50446px;\">67 <span class=\"_ _dc\"> </span><span class=\"ffbb ls83 wsb1\">(<span class=\"_ _0\"></span>147<span class=\"_ _0\"></span>)<span class=\"_ _19\"> </span><span class=\"ls63 ws90\">(8<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h25 ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:448.96844px;\">Profit/(lo<span class=\"_ _3\"></span>ss)\u2002for\u2002the\u2002year<span class=\"_ _20e\"> </span><span class=\"ffc2 ls3 ws3\">225 <span class=\"_ _64\"> </span></span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>99)<span class=\"_ _62\"> </span><span class=\"ls9f wscd\">(<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1d ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:431.8084px;\">Attributable\u2002to:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:414.82843px;\">Or<span class=\"_ _3\"></span>dinary shar<span class=\"_ _3\"></span>eholders<span class=\"_ _1c6\"> </span><span class=\"ffbb ls3 ws3\">23<span class=\"_ _0\"></span>0\u2002<span class=\"_ _64\"> </span><span class=\"ls63 ws90\">(1,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9)<span class=\"_ _64\"> </span><span class=\"ffc2 lsaa wsd7\">(1,<span class=\"_ _0\"></span>269)<span class=\"_ _351\"> </span></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:398.29242px;\">Non-contr<span class=\"_ _3\"></span>olling inter<span class=\"_ _3\"></span>ests<span class=\"_ _20f\"> </span><span class=\"ffc2 lsb5 ws9a\">(5)<span class=\"_ _f7\"> </span><span class=\"ffbb ls3 ws3\">\u2013\u2002<span class=\"_ _38\"> </span></span>(5)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:364.15247px;\">Y<span class=\"_ _f\"></span>ear ended 31 December <span class=\"_ _3\"></span>2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:347.17242px;\">Continuing oper<span class=\"_ _3\"></span>ations<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:330.19244px;\">Revenue <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>sale of original <span class=\"_ _3\"></span>equipment<span class=\"_ _210\"> </span><span class=\"ls3 ws3\">4,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>11 <span class=\"_ _ed\"> </span><span class=\"ls7b wsaa\">152 <span class=\"_ _6f\"> </span></span>5<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>63<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:313.21246px;\">Revenue <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>aftermarket services<span class=\"_ _78\"> </span><span class=\"ls9c wsc9\">6,036 <span class=\"_ _bf\"> </span><span class=\"ls3 ws3\">11<span class=\"_ _0\"></span>9 <span class=\"_ _ae\"> </span><span class=\"ls7b wsaa\">6,1<span class=\"_ _0\"></span>55<span class=\"_ _351\"> </span></span></span></span><span class=\"ls9c wsc9\"><span class=\"ls3 ws3\"><span class=\"ls7b wsaa\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:296.23242px;\">T<span class=\"_ _3\"></span>otal r<span class=\"_ _3\"></span>evenue<span class=\"_ _1e6\"> </span><span class=\"ls63 ws90\">1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>947<span class=\"_ _0\"></span> <span class=\"_ _ed\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>71 <span class=\"_ _7b\"> </span>11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>18<span class=\"_ _351\"> </span></span></span><span class=\"ls63 ws90\"><span class=\"ls3 ws3\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws3\" style=\"left:13.294952px; bottom:279.25244px;\">Gr<span class=\"_ _3\"></span>oss profit<span class=\"_ _207\"> </span><span class=\"ls3\">1,<span class=\"_ _0\"></span>99<span class=\"_ _0\"></span>6 <span class=\"_ _d2\"> </span>1<span class=\"_ _0\"></span>40 <span class=\"_ _2b\"> </span><span class=\"ls7b wsaa\">2<span class=\"_ _0\"></span>,13<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span><span class=\"ls3\"><span class=\"ls7b wsaa\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:262.27246px;\">Commer<span class=\"_ _3\"></span>cial and admini<span class=\"_ _3\"></span>strative costs<span class=\"_ _211\"> </span><span class=\"ls62 ws8f\">(89<span class=\"_ _0\"></span>9)<span class=\"_ _28\"> </span><span class=\"ls3 ws3\">9 <span class=\"_ _75\"> </span><span class=\"ls80 wsae\">(89<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:245.29245px;\">Resear<span class=\"_ _3\"></span>ch and dev<span class=\"_ _3\"></span>elopment costs<span class=\"_ _212\"> </span><span class=\"lsce wsf8\">(<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _27\"> </span><span class=\"ls74 wsa2\">(4)<span class=\"_ _57\"> </span><span class=\"ls62 ws8f\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:228.31244px;\">Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>esults of joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _1d3\"> </span><span class=\"ls3 ws3\">91 <span class=\"_ _ed\"> </span><span class=\"ls74 wsa2\">(46)<span class=\"_ _ca\"> </span></span>4<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:211.33243px;\">Operating <span class=\"_ _3\"></span>profit<span class=\"_ _213\"> </span><span class=\"ls6c ws99\">414 <span class=\"_ _f5\"> </span><span class=\"ls3 ws3\">9<span class=\"_ _0\"></span>9 <span class=\"_ _ed\"> </span><span class=\"ls74 wsa2\">513<span class=\"_ _351\"> </span></span></span></span><span class=\"ls6c ws99\"><span class=\"ls3 ws3\"><span class=\"ls74 wsa2\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws3\" style=\"left:13.294952px; bottom:194.35245px;\">Gain arising on the disposal of businesses<span class=\"_ _20a\"> </span><span class=\"ffbf ls3\">\u2013 <span class=\"_ _39\"> </span><span class=\"ffbd\">56 <span class=\"_ _39\"> </span>56<span class=\"_ _351\"> </span></span></span><span class=\"ffbf ls3\"><span class=\"ffbd\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:177.37244px;\">Pr<span class=\"_ _3\"></span>ofit befor<span class=\"_ _3\"></span>e financing <span class=\"_ _3\"></span>and taxation <span class=\"_ _214\"> </span><span class=\"ls6c ws99\">414 <span class=\"_ _11e\"> </span><span class=\"ls3 ws3\">15<span class=\"_ _0\"></span>5 <span class=\"_ _c5\"> </span><span class=\"ls97 wsc4\">569<span class=\"_ _351\"> </span></span></span></span><span class=\"ls6c ws99\"><span class=\"ls3 ws3\"><span class=\"ls97 wsc4\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:160.39243px;\">Net financing<span class=\"_ _215\"> </span><span class=\"ls9c wsc9\">(378)<span class=\"_ _a8\"> </span><span class=\"ls74 wsa2\">(4<span class=\"_ _2\"></span>85)<span class=\"_ _a8\"> </span><span class=\"ls90 wsbd\">(863)<span class=\"_ _351\"> </span></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:143.41245px;\">Pr<span class=\"_ _3\"></span>ofit/(loss) befor<span class=\"_ _3\"></span>e taxation<span class=\"_ _1e9\"> </span><span class=\"ls3 ws3\">36 <span class=\"_ _de\"> </span><span class=\"ls80 wsae\">(3<span class=\"_ _0\"></span>30)<span class=\"_ _58\"> </span><span class=\"ls60 ws8d\">(2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:126.432434px;\">T<span class=\"_ _3\"></span>axation <span class=\"_ _20d\"> </span><span class=\"ls80 wsae\">(2<span class=\"_ _0\"></span>6)<span class=\"_ _dc\"> </span><span class=\"ls1af ws20e\">444<span class=\"_ _f\"></span> <span class=\"_ _11e\"> </span><span class=\"ls6c ws99\">41<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span><span class=\"ls80 wsae\"><span class=\"ls1af ws20e\"><span class=\"ls6c ws99\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:109.45242px;\">Pr<span class=\"_ _3\"></span>ofit for the <span class=\"_ _3\"></span>year fr<span class=\"_ _f\"></span>om continuing operations<span class=\"_ _216\"> </span><span class=\"ls3 ws3\">10 <span class=\"_ _f5\"> </span>1<span class=\"_ _0\"></span>14 <span class=\"_ _ed\"> </span><span class=\"ls62 ws8f\">124<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ls62 ws8f\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:92.47244px;\">Discontinued oper<span class=\"_ _3\"></span>ations<span class=\"_ _351\"> </span> </div><div class=\"t m0 h39 ffbd fs13 fc2 sc0 ls3 ws3\" style=\"left:132.39195px; bottom:96.485535px;\">1<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls74 wsa2\" style=\"left:547.0264px; bottom:92.48953px;\">51 <span class=\"_ _ed\"> </span><span class=\"ls60 ws8d\">(54)<span class=\"_ _38\"> </span><span class=\"ls6b ws98\">(3)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:75.95352px;\">Profit\u2002f<span class=\"_ _3\"></span>or\u2002the\u2002year<span class=\"_ _217\"> </span><span class=\"ffbd ls3 ws3\">61 <span class=\"_ _bf\"> </span>6<span class=\"_ _0\"></span>0 <span class=\"_ _c3\"> </span>12<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span><span class=\"ffbd ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:58.79355px;\">Attributable to:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:41.813538px;\">Or<span class=\"_ _3\"></span>dinary shar<span class=\"_ _3\"></span>eholders<span class=\"_ _20e\"> </span><span class=\"ls3 ws3\">6<span class=\"_ _0\"></span>0 <span class=\"_ _bf\"> </span>6<span class=\"_ _0\"></span>0 <span class=\"_ _19\"> </span>12<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:25.277527px;\">Non-contr<span class=\"_ _3\"></span>olling inter<span class=\"_ _3\"></span>ests<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">1 <span class=\"_ _219\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _21a\"> </span></span>1<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 hd ffbd fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:4.860138px;\">1 <span class=\"_ _1\"> </span> </div><div class=\"t m0 h7 ffbd fs2 fc2 sc0 ls4 ws4\" style=\"left:9.041397px; bottom:1.8631287px;\">Discontinued oper<span class=\"_ _3\"></span>ations relate <span class=\"_ _3\"></span>to the r<span class=\"_ _3\"></span>esults of ITP Aer<span class=\"_ _f\"></span>o and are <span class=\"_ _3\"></span>presented net <span class=\"_ _3\"></span>of intercompany <span class=\"_ _3\"></span>trading eliminations <span class=\"_ _3\"></span>and related <span class=\"_ _3\"></span>consolidation adjustments<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffbb fs11 fc1 sc0 ls46 ws70\" style=\"left:253.5333px; bottom:806.48914px;\">2\u2002<span class=\"_ _c\"> </span>Se<span class=\"_ _0\"></span>gmental\u2002anal<span class=\"_ _3\"></span>ysis\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc1 sc0 ls6f ws9c\" style=\"bottom:774.98914px;\">Disaggr<span class=\"_ _3\"></span>egation of <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>enue fr<span class=\"_ _3\"></span>om contr<span class=\"_ _f\"></span>ac<span class=\"_ _0\"></span>ts with cus<span class=\"_ _3\"></span>tomers<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffbc fsc fc2 sc0 ls6f ws9c\" style=\"bottom:758.49207px;\">Anal<span class=\"_ _f\"></span>ysis b<span class=\"_ _3\"></span>y type and <span class=\"_ _3\"></span>basis <span class=\"_ _3\"></span>of r<span class=\"_ _3\"></span>ecognition<span class=\"_ _351\"> </span> </div><div class=\"t m0 h17 ffbb fsb fc2 sc0 lsd9 ws104\" style=\"left:325.03754px; bottom:735.7881px;\">Civil\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 lsd9 ws104\" style=\"left:298.6803px; bottom:725.28735px;\">Aerospace<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:332.39624px; bottom:714.78656px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls183 ws1b7\" style=\"left:372.408px; bottom:725.28735px;\">Defence<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:395.97046px; bottom:714.78656px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls236 ws2a8\" style=\"left:445.1001px; bottom:735.7881px;\">Power\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls23a ws2ac\" style=\"left:436.79504px; bottom:725.28735px;\">Systems<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:458.88525px; bottom:714.78656px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 lsbf wsec\" style=\"left:516.93646px; bottom:735.7881px;\">New\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls193 ws1c7\" style=\"left:500.9469px; bottom:725.28735px;\">Ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:523.4883px; bottom:714.78656px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls237 ws2a9\" style=\"left:574.2843px; bottom:735.7881px;\">Other\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls50 ws7c\" style=\"left:554.6439px; bottom:725.28735px;\">businesses\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:587.30896px; bottom:714.78656px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls23a ws2ac\" style=\"left:618.9312px; bottom:746.2888px;\">Corpo<span class=\"_ _0\"></span>rate\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls22a ws233\" style=\"left:620.6785px; bottom:735.7881px;\">and\u2002I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>r-<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls237 ws2a9\" style=\"left:626.9988px; bottom:725.28735px;\">segment\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:650.2944px; bottom:714.78656px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls18a ws2ad\" style=\"left:706.3641px; bottom:735.7881px;\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls183 ws1b7\" style=\"left:678.82965px; bottom:725.28735px;\">Underlying<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:714.86804px; bottom:714.78656px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:697.8082px;\">Y<span class=\"_ _f\"></span>ear\u2002ended\u200231\u2002December\u20022022<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:680.82825px;\">Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>at a point <span class=\"_ _3\"></span>in time<span class=\"_ _b6\"> </span><span class=\"ffc2 ls15b ws189\">1,982 <span class=\"_ _6b\"> </span><span class=\"ls3 ws3\">689 <span class=\"_ _5a\"> </span><span class=\"ls6d wscb\">2<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>55<span class=\"_ _0\"></span> <span class=\"_ _75\"> </span></span>1 <span class=\"_ _2b\"> </span><span class=\"ffbb\">\u2013\u2002<span class=\"_ _1a\"> </span></span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _1f7\"> </span></span><span class=\"ffbb\">4,<span class=\"_ _0\"></span>822\u2002</span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:663.8482px;\">Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>over time<span class=\"_ _21b\"> </span><span class=\"ffbb ls3 ws3\">\u2013\u2002<span class=\"_ _5e\"> </span>94<span class=\"_ _0\"></span>5\u2002<span class=\"_ _83\"> </span><span class=\"ls60 ws8d\">32\u2002<span class=\"_ _2b\"> </span></span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _81\"> </span><span class=\"ffc2\">9<span class=\"_ _0\"></span>77<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3 ws3\"><span class=\"ffc2\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:646.8682px;\">Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed at a point <span class=\"_ _3\"></span>in time<span class=\"_ _c5\"> </span><span class=\"ffc2 ls3 ws3\">8<span class=\"_ _0\"></span>65 <span class=\"_ _68\"> </span><span class=\"ls73 wsa1\">769<span class=\"_ _0\"></span> <span class=\"_ _6a\"> </span><span class=\"ffbb\">1<span class=\"_ _0\"></span>,076\u2002<span class=\"_ _2b\"> </span></span></span>2 <span class=\"_ _2b\"> </span><span class=\"ffbb\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2a\"> </span></span></span><span class=\"ffc2\">2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:629.88824px;\">Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed over time<span class=\"_ _17\"> </span><span class=\"ffc2\">2<span class=\"_ _2\"></span>,7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _5a\"> </span><span class=\"ls6c ws99\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>257<span class=\"_ _0\"></span> <span class=\"_ _72\"> </span><span class=\"ffbb ls3 ws3\">8<span class=\"_ _0\"></span>4\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _95\"> </span>4,113\u2002</span></span></span></div><div class=\"t m0 h1d ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:612.90826px;\">T<span class=\"_ _f\"></span>otal\u2002underlying\u2002customer\u2002contr<span class=\"_ _3\"></span>act\u2002re<span class=\"_ _3\"></span>venue\u2002</div><div class=\"t m0 hc8 ffc2 fs13 fc2 sc0 ls3 ws3\" style=\"left:236.32861px; bottom:616.90454px;\">1<span class=\"_ _351\"> </span></div><div class=\"t m0 h25 ffc2 fse fc2 sc0 ls3 ws3\" style=\"left:316.5336px; bottom:612.9085px;\">5,6<span class=\"_ _0\"></span>19 <span class=\"_ _114\"> </span><span class=\"ffbb lsa9 wsd6\">3,660\u2002<span class=\"_ _ad\"> </span><span class=\"ls83 wsb1\">3<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>47\u2002<span class=\"_ _2b\"> </span></span></span><span class=\"ffbb\">3\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _1a\"> </span></span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _a4\"> </span><span class=\"ffbb lsaa wsd7\">12<span class=\"_ _0\"></span>,624\u2002</span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:595.9285px;\">Other underlying r<span class=\"_ _f\"></span>evenue<span class=\"_ _21c\"> </span><span class=\"ffc2 ls3 ws3\">67 <span class=\"_ _2b\"> </span><span class=\"ffbb\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _5c\"> </span></span>6<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span><span class=\"ffc2 ls3 ws3\"> </span></div><div class=\"t m0 h25 ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:579.3925px;\">T<span class=\"_ _f\"></span>otal\u2002underlying\u2002r<span class=\"_ _3\"></span>evenue<span class=\"_ _129\"> </span><span class=\"ffc2 lsa9 wsd6\">5,686 <span class=\"_ _114\"> </span><span class=\"ffbb\">3,660\u2002<span class=\"_ _ad\"> </span><span class=\"ls83 wsb1\">3<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>347<span class=\"_ _0\"></span>\u2002<span class=\"_ _ae\"> </span><span class=\"ls3 ws3\">3\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _1a\"> </span></span></span></span><span class=\"lsb5 ws9a\">(5)<span class=\"_ _10b\"> </span><span class=\"lsaa wsd7\">12,691<span class=\"_ _351\"> </span></span></span></span><span class=\"ffc2 lsa9 wsd6\"><span class=\"lsb5 ws9a\"><span class=\"lsaa wsd7\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:545.25256px;\">Y<span class=\"_ _f\"></span>ear ended 31 December <span class=\"_ _3\"></span>2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:528.2725px;\">Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>at a point <span class=\"_ _3\"></span>in time<span class=\"_ _19\"> </span><span class=\"ls3 ws3\">1,6<span class=\"_ _0\"></span>12 <span class=\"_ _156\"> </span>6<span class=\"_ _0\"></span>04 <span class=\"_ _5a\"> </span></span>1<span class=\"_ _0\"></span>,7<span class=\"_ _2\"></span>20<span class=\"_ _0\"></span> <span class=\"_ _2b\"> </span><span class=\"ffbf ls3 ws3\">\u2013 <span class=\"_ _7f\"> </span></span><span class=\"ls6e ws9b\">142 <span class=\"_ _64\"> </span><span class=\"ls80 wsae\">(11)<span class=\"_ _10d\"> </span><span class=\"ls3 ws3\">4,0<span class=\"_ _0\"></span>67<span class=\"_ _351\"> </span></span></span></span><span class=\"ls6e ws9b\"><span class=\"ls80 wsae\"><span class=\"ls3 ws3\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:511.29254px;\">Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>over time<span class=\"_ _21b\"> </span><span class=\"ffbf ls3 ws3\">\u2013 <span class=\"_ _124\"> </span></span><span class=\"ls6e ws9b\">807 <span class=\"_ _83\"> </span><span class=\"ls62 ws8f\">24 <span class=\"_ _2b\"> </span><span class=\"ffbf ls3 ws3\">\u2013 <span class=\"_ _26\"> </span><span class=\"ffbd\">13 <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _124\"> </span><span class=\"ffbd\">84<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span></span></span></span><span class=\"ls6e ws9b\"><span class=\"ls62 ws8f\"><span class=\"ffbf ls3 ws3\"><span class=\"ffbd\"> </span></span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:494.31256px;\">Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed at a point <span class=\"_ _3\"></span>in time<span class=\"_ _dc\"> </span><span class=\"ls52 wse4\">629<span class=\"_ _3\"></span> <span class=\"_ _68\"> </span><span class=\"ls3 ws3\">82<span class=\"_ _0\"></span>5 <span class=\"_ _7d\"> </span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1 <span class=\"_ _ae\"> </span>2 <span class=\"_ _7d\"> </span>148 <span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _59\"> </span></span><span class=\"ls63 ws90\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span></span><span class=\"ls52 wse4\"><span class=\"ls3 ws3\"><span class=\"ls63 ws90\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:477.33252px;\">Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed over time<span class=\"_ _1fe\"> </span><span class=\"ls90 wsbd\">2,223 <span class=\"_ _92\"> </span><span class=\"ls7b wsaa\">1,132<span class=\"_ _0\"></span> <span class=\"_ _7d\"> </span><span class=\"ls3 ws3\">134 <span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _9c\"> </span></span>3,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span></span><span class=\"ls90 wsbd\"><span class=\"ls7b wsaa\"><span class=\"ls3 ws3\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:460.35254px;\">T<span class=\"_ _3\"></span>otal underlying custom<span class=\"_ _3\"></span>er contract <span class=\"_ _3\"></span>revenue<span class=\"_ _351\"> </span> <span class=\"_ _3\"></span></div><div class=\"t m0 h39 ffbd fs13 fc2 sc0 ls3 ws3\" style=\"left:236.32861px; bottom:464.35706px;\">1<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls169 ws198\" style=\"left:313.62px; bottom:460.36108px;\">4,464 <span class=\"_ _9c\"> </span><span class=\"ls3 ws3\">3,<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>8 <span class=\"_ _5d\"> </span><span class=\"lsce wsf8\">2<span class=\"_ _2\"></span>,74<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _2b\"> </span></span>2 <span class=\"_ _5e\"> </span>303 <span class=\"_ _64\"> </span><span class=\"ls80 wsae\">(11)<span class=\"_ _a4\"> </span><span class=\"ls9c wsc9\">1<span class=\"_ _0\"></span>0,875<span class=\"_ _351\"> </span></span></span></span><span class=\"ls3 ws3\"><span class=\"ls80 wsae\"><span class=\"ls9c wsc9\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:443.3811px;\">Other underlying r<span class=\"_ _f\"></span>evenue<span class=\"_ _1f8\"> </span><span class=\"ls3 ws3\">7<span class=\"_ _0\"></span>2 <span class=\"_ _2b\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _83\"> </span></span>7<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:426.8451px;\">T<span class=\"_ _3\"></span>otal underlying r<span class=\"_ _f\"></span>evenue<span class=\"_ _e4\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>53<span class=\"_ _0\"></span>6 <span class=\"_ _9c\"> </span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>8 <span class=\"_ _5d\"> </span><span class=\"lsce wsf8\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _ae\"> </span></span>2 <span class=\"_ _5e\"> </span>30<span class=\"_ _0\"></span>3 <span class=\"_ _64\"> </span><span class=\"ls80 wsae\">(11)<span class=\"_ _a4\"> </span><span class=\"ls63 ws90\">10<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>47<span class=\"_ _351\"> </span></span></span></span><span class=\"ls3 ws3\"><span class=\"ls80 wsae\"><span class=\"ls63 ws90\"> </span></span></span></div><div class=\"t m0 hd ffbd fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:406.41974px;\">1<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffbd fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:403.42273px;\">Includes \u00a3367m, <span class=\"_ _3\"></span>of which \u00a3360m r<span class=\"_ _3\"></span>elates to Civil L<span class=\"_ _f\"></span>TSA contracts, (2021: \u00a3159m, of which \u00a3214m <span class=\"_ _3\"></span>relates to Civil <span class=\"_ _3\"></span>LTSA <span class=\"_ _3\"></span>contracts) of r<span class=\"_ _3\"></span>evenue r<span class=\"_ _3\"></span>ecognised in the year r<span class=\"_ _f\"></span>elating to performance<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffbd fs2 fc2 sc0 ls4 ws4\" style=\"left:9.041397px; bottom:392.91974px;\">obligations satisfied in <span class=\"_ _3\"></span>previous year<span class=\"_ _3\"></span>s<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls18a ws2ad\" style=\"left:536.1819px; bottom:334.22174px;\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls183 ws1b7\" style=\"left:509.1336px; bottom:323.721px;\">underlying<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:543.88934px; bottom:313.2202px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls183 ws1b7\" style=\"left:593.8973px; bottom:365.724px;\">Underlying\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls22a ws233\" style=\"left:570.6618px; bottom:355.2232px;\">adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s\u2002an<span class=\"_ _0\"></span>d\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls237 ws2a9\" style=\"left:589.63574px; bottom:344.72247px;\">adjustments\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls22a ws233\" style=\"left:600.36017px; bottom:334.22174px;\">to\u2002fo<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls183 ws1b7\" style=\"left:600.36017px; bottom:323.721px;\">exc<span class=\"_ _3\"></span>hange<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:629.4235px; bottom:313.2202px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 lsa0 ws1d8\" style=\"left:698.943px; bottom:344.72247px;\">Grou<span class=\"_ _0\"></span>p\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls183 ws1b7\" style=\"left:687.21045px; bottom:334.22174px;\">statutory\u2002</div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls22a ws233\" style=\"left:698.943px; bottom:323.721px;\">resu<span class=\"_ _0\"></span>lts\u2002</div><div class=\"t m0 h48 ffbd fs15 fc2 sc0 ls3 ws3\" style=\"left:730.1655px; bottom:326.9685px;\">1<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffbb fsb fc2 sc0 ls235 ws2a7\" style=\"left:714.86804px; bottom:313.22174px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:296.24176px;\">Y<span class=\"_ _f\"></span>ear\u2002ended\u200231\u2002December\u20022022<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:279.26172px;\">Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>at a point <span class=\"_ _3\"></span>in time<span class=\"_ _21d\"> </span><span class=\"ffbb ls3 ws3\">4,<span class=\"_ _0\"></span>822\u2002<span class=\"_ _d2\"> </span><span class=\"ls9f wscd\">4<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>\u2002<span class=\"_ _1a\"> </span></span><span class=\"ffc2\">5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>29<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3 ws3\"><span class=\"ffc2\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:262.28174px;\">Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>over time<span class=\"_ _21e\"> </span><span class=\"ffc2 ls3 ws3\">97<span class=\"_ _0\"></span>7 <span class=\"_ _f7\"> </span><span class=\"ffbb\">\u2013\u2002<span class=\"_ _e7\"> </span></span>97<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span><span class=\"ffc2 ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:245.30176px;\">Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed at a point <span class=\"_ _3\"></span>in time<span class=\"_ _21f\"> </span><span class=\"ffc2\">2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2 <span class=\"_ _19\"> </span><span class=\"ffbb ls3 ws3\">164\u2002<span class=\"_ _85\"> </span></span><span class=\"ls73 wsa1\">2,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>76<span class=\"_ _351\"> </span></span></span><span class=\"ffc2\"><span class=\"ls73 wsa1\"> </span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:228.32172px;\">Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed over time<span class=\"_ _8f\"> </span><span class=\"ffbb ls3 ws3\">4<span class=\"_ _0\"></span>,113\u2002<span class=\"_ _11e\"> </span><span class=\"ffc2 ls73 wsa1\">1<span class=\"_ _0\"></span>76 <span class=\"_ _1a\"> </span></span>4,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>89\u2002</span></div><div class=\"t m0 h1d ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:211.34174px;\">T<span class=\"_ _f\"></span>otal\u2002customer\u2002contract\u2002r<span class=\"_ _f\"></span>evenue<span class=\"_ _220\"> </span><span class=\"lsaa wsd7\">12,624\u2002<span class=\"_ _11e\"> </span><span class=\"ls62 ws8f\">814\u2002<span class=\"_ _72\"> </span><span class=\"lsd1 wsfc\">13,43<span class=\"_ _3\"></span>8\u2002</span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:194.36172px;\">Other r<span class=\"_ _3\"></span>evenue<span class=\"_ _221\"> </span><span class=\"ffc2 ls3 ws3\">67 <span class=\"_ _f2\"> </span>1<span class=\"_ _0\"></span>5 <span class=\"_ _127\"> </span>82<span class=\"_ _351\"> </span></span><span class=\"ffc2 ls3 ws3\"> </span></div><div class=\"t m0 h25 ffbb fse fc2 sc0 ls5c ws8a\" style=\"bottom:177.82574px;\">T<span class=\"_ _f\"></span>otal\u2002re<span class=\"_ _3\"></span>venue\u2002<span class=\"_ _215\"> </span><span class=\"ffc2 lsaa wsd7\">12,691 <span class=\"_ _dc\"> </span><span class=\"ls3 ws3\">829 <span class=\"_ _5c\"> </span></span></span><span class=\"ls6c ws99\">13,<span class=\"_ _0\"></span>520<span class=\"_ _0\"></span>\u2002</span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:143.68573px;\">Y<span class=\"_ _f\"></span>ear ended 31 December <span class=\"_ _3\"></span>2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:126.70575px;\">Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>at a point <span class=\"_ _3\"></span>in time<span class=\"_ _153\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>7 <span class=\"_ _ed\"> </span><span class=\"ls7b wsaa\">152 <span class=\"_ _ae\"> </span></span>4,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>19<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:109.72574px;\">Original equipment <span class=\"_ _3\"></span>recognised <span class=\"_ _3\"></span>over time<span class=\"_ _20a\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4 <span class=\"_ _219\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _dc\"> </span></span>84<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:92.74573px;\">Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed at a point <span class=\"_ _3\"></span>in time<span class=\"_ _1e7\"> </span><span class=\"ls63 ws90\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>475<span class=\"_ _0\"></span> <span class=\"_ _39\"> </span><span class=\"ls3 ws3\">38 <span class=\"_ _84\"> </span><span class=\"ls74 wsa2\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span></span></span><span class=\"ls63 ws90\"><span class=\"ls3 ws3\"><span class=\"ls74 wsa2\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:75.76575px;\">Aftermarket services <span class=\"_ _3\"></span>recogni<span class=\"_ _3\"></span>sed over time<span class=\"_ _222\"> </span><span class=\"ls3 ws3\">3,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>89 <span class=\"_ _c9\"> </span>75 <span class=\"_ _26\"> </span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>56<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:58.785736px;\">T<span class=\"_ _3\"></span>otal customer contr<span class=\"_ _f\"></span>act revenue<span class=\"_ _1a7\"> </span><span class=\"ls9c wsc9\">1<span class=\"_ _0\"></span>0,875 <span class=\"_ _c4\"> </span><span class=\"ls3 ws3\">265 <span class=\"_ _15a\"> </span><span class=\"ls7b wsaa\">11<span class=\"_ _0\"></span>,14<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span></span></span><span class=\"ls9c wsc9\"><span class=\"ls3 ws3\"><span class=\"ls7b wsaa\"> </span></span></span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:41.805725px;\">Other r<span class=\"_ _3\"></span>evenue<span class=\"_ _223\"> </span><span class=\"ls3 ws3\">72 <span class=\"_ _d8\"> </span>6 <span class=\"_ _ca\"> </span>7<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffbd fse fc2 sc0 ls5c ws8a\" style=\"bottom:25.269745px;\">T<span class=\"_ _3\"></span>otal r<span class=\"_ _3\"></span>evenue <span class=\"_ _224\"> </span><span class=\"ls63 ws90\">10<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>47 <span class=\"_ _ed\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1 <span class=\"_ _7b\"> </span>11,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>18<span class=\"_ _351\"> </span></span></span><span class=\"ls63 ws90\"><span class=\"ls3 ws3\"> </span></span></div><div class=\"t m0 hd ffbd fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:4.8533936px;\">1<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffbd fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:1.8563843px;\">During the year <span class=\"_ _3\"></span>to 31 December 2022, <span class=\"_ _3\"></span>revenue <span class=\"_ _3\"></span>recognised within <span class=\"_ _3\"></span>Civil Aerospace, <span class=\"_ _3\"></span>Defence and P<span class=\"_ _3\"></span>ower Systems of \u00a31,788m <span class=\"_ _3\"></span>(2021: \u00a31,634m) was r<span class=\"_ _f\"></span>eceived from a <span class=\"_ _3\"></span>single customer<span class=\"_ _351\"> </span></div>2\u2002<span class=\"_ _c\"> </span>Se<span class=\"_ _0\"></span>gmental\u2002anal<span class=\"_ _3\"></span>ysis\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Anal<span class=\"_ _f\"></span>ysis b<span class=\"_ _3\"></span>y geographic<span class=\"_ _3\"></span>al destina<span class=\"_ _3\"></span>tion<span class=\"_ _351\"> </span>The Gro<span class=\"_ _0\"></span>up\u2019s revenue by dest<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the ultim<span class=\"_ _0\"></span>ate ope<span class=\"_ _0\"></span>rato<span class=\"_ _0\"></span>r is as <span class=\"_ _3\"></span>fo<span class=\"_ _0\"></span>llow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m\u20022021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span> United Kingdom<span class=\"_ _225\"> </span><span class=\"ffc2 lsaa wsd7\">1,669 <span class=\"_ _2b\"> </span></span><span class=\"ls3 ws3\">1,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>97<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Germany<span class=\"_ _226\"> </span><span class=\"ffc2 ls3 ws3\">855 <span class=\"_ _d2\"> </span><span class=\"ffbd\">737<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 ls3 ws3\"><span class=\"ffbd\"> </span></span>Switzerland<span class=\"_ _227\"> </span><span class=\"ffbb ls3 ws3\">334\u2002<span class=\"_ _19\"> </span><span class=\"ffbd\">1<span class=\"_ _0\"></span>64<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3 ws3\"><span class=\"ffbd\"> </span></span>Ir<span class=\"_ _3\"></span>eland<span class=\"_ _228\"> </span><span class=\"ffbb ls60 ws8d\">328\u2002<span class=\"_ _f7\"> </span></span><span class=\"ls3 ws3\">5<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _f\"></span>urkey<span class=\"_ _229\"> </span><span class=\"ffbb lsaa wsd7\">220\u2002<span class=\"_ _19\"> </span></span><span class=\"ls3 ws3\">146<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Spain<span class=\"_ _22a\"> </span><span class=\"ffc2 ls3 ws3\">188 <span class=\"_ _d2\"> </span><span class=\"ffbd\">10<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 ls3 ws3\"><span class=\"ffbd\"> </span></span>Fr<span class=\"_ _3\"></span>ance<span class=\"_ _228\"> </span><span class=\"ffc2 ls3 ws3\">255 <span class=\"_ _e7\"> </span></span><span class=\"ls6b ws98\">332<span class=\"_ _0\"></span> </span>Italy<span class=\"_ _22b\"> </span><span class=\"ffbb ls3 ws3\">238\u2002<span class=\"_ _ed\"> </span><span class=\"ffbd\">187<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3 ws3\"><span class=\"ffbd\"> </span></span>Norway<span class=\"_ _22c\"> </span><span class=\"ffc2 ls3 ws3\">61 <span class=\"_ _19\"> </span><span class=\"ffbd\">14<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 ls3 ws3\"><span class=\"ffbd\"> </span></span>Rest of <span class=\"_ _3\"></span>Europe<span class=\"_ _22d\"> </span><span class=\"ffbb ls3 ws3\">601\u2002<span class=\"_ _dc\"> </span></span><span class=\"ls52 wse4\">629<span class=\"_ _351\"> </span></span><span class=\"ls52 wse4\"> </span>Europe<span class=\"_ _226\"> </span><span class=\"ls9f wscd\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>\u2002<span class=\"_ _1a\"> </span><span class=\"ffbd ls3 ws3\">3,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>49<span class=\"_ _351\"> </span></span></span><span class=\"ls9f wscd\"><span class=\"ffbd ls3 ws3\"> </span></span>United States<span class=\"_ _22e\"> </span><span class=\"ffbb ls3 ws3\">4,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>34\u2002<span class=\"_ _85\"> </span></span><span class=\"ls7b wsaa\">3,<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span><span class=\"ls7b wsaa\"> </span>Canada<span class=\"_ _22f\"> </span><span class=\"ffc2 ls3 ws3\">267 <span class=\"_ _e7\"> </span><span class=\"ffbd\">23<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 ls3 ws3\"><span class=\"ffbd\"> </span></span>North\u2002America<span class=\"_ _230\"> </span><span class=\"ls3 ws3\">4,<span class=\"_ _0\"></span>601\u2002<span class=\"_ _62\"> </span></span><span class=\"ffbd\">3<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>0<span class=\"_ _351\"> </span></span><span class=\"ffbd\"> </span>South\u2002America<span class=\"_ _1ce\"> </span><span class=\"ffc2 ls5a ws9f\">168 <span class=\"_ _11e\"> </span><span class=\"ffbd ls6e ws9b\">170<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 ls5a ws9f\"><span class=\"ffbd ls6e ws9b\"> </span></span>Centra<span class=\"_ _3\"></span>l\u2002America<span class=\"_ _22d\"> </span><span class=\"ffc2 ls3 ws3\">9<span class=\"_ _0\"></span>1 <span class=\"_ _127\"> </span><span class=\"ffbd ls80 wsae\">76<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 ls3 ws3\"><span class=\"ffbd ls80 wsae\"> </span></span>Saudi Ar<span class=\"_ _3\"></span>abia<span class=\"_ _231\"> </span><span class=\"ffbb ls60 ws8d\">322\u2002<span class=\"_ _17e\"> </span></span><span class=\"ls3 ws3\">27<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Qatar<span class=\"_ _232\"> </span><span class=\"ffbb ls77 wsa5\">231<span class=\"_ _0\"></span>\u2002<span class=\"_ _c3\"> </span></span><span class=\"ls73 wsa1\">131<span class=\"_ _0\"></span> </span>United Ar<span class=\"_ _3\"></span>ab Emirates<span class=\"_ _9d\"> </span><span class=\"ffbb ls95 wsc2\">180\u2002<span class=\"_ _11e\"> </span></span><span class=\"ls3 ws3\">126<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Rest of <span class=\"_ _3\"></span>Middle East<span class=\"_ _233\"> </span><span class=\"ffbb ls3 ws3\">16<span class=\"_ _0\"></span>4\u2002<span class=\"_ _11e\"> </span></span><span class=\"ls6e ws9b\">107<span class=\"_ _351\"> </span></span><span class=\"ls6e ws9b\"> </span>Middle\u2002East<span class=\"_ _234\"> </span><span class=\"ffc2 ls3 ws3\">897 <span class=\"_ _dc\"> </span><span class=\"ffbd\">635<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 ls3 ws3\"><span class=\"ffbd\"> </span></span>China<span class=\"_ _235\"> </span><span class=\"ffbb ls3 ws3\">1,<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>6\u2002<span class=\"_ _2b\"> </span></span><span class=\"ls162 ws40\">1,245<span class=\"_ _351\"> </span></span><span class=\"ls162 ws40\"> </span>Singapor<span class=\"_ _3\"></span>e<span class=\"_ _236\"> </span><span class=\"ffbb ls77 wsa5\">317\u2002<span class=\"_ _19\"> </span></span><span class=\"ls3 ws3\">105<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Japan<span class=\"_ _237\"> </span><span class=\"ffc2 ls73 wsa1\">276 <span class=\"_ _e7\"> </span></span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>33<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>South Kor<span class=\"_ _f\"></span>ea<span class=\"_ _238\"> </span><span class=\"ffbb ls3 ws3\">16<span class=\"_ _0\"></span>4\u2002<span class=\"_ _ed\"> </span><span class=\"ffbd\">137<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3 ws3\"><span class=\"ffbd\"> </span></span>India<span class=\"_ _239\"> </span><span class=\"ffc2 ls3 ws3\">119 <span class=\"_ _19\"> </span><span class=\"ffbd\">140<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 ls3 ws3\"><span class=\"ffbd\"> </span></span>Rest of <span class=\"_ _3\"></span>Asia<span class=\"_ _1ae\"> </span><span class=\"ffbb ls3 ws3\">3<span class=\"_ _0\"></span>81\u2002<span class=\"_ _dc\"> </span><span class=\"ffbd\">359<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3 ws3\"><span class=\"ffbd\"> </span></span>Asia<span class=\"_ _23a\"> </span><span class=\"ls80 wsae\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>503\u2002<span class=\"_ _2b\"> </span><span class=\"ffbd ls3 ws3\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span><span class=\"ls80 wsae\"><span class=\"ffbd ls3 ws3\"> </span></span>Africa<span class=\"_ _237\"> </span><span class=\"ffc2 ls3 ws3\">282 <span class=\"_ _ed\"> </span><span class=\"ffbd\">21<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 ls3 ws3\"><span class=\"ffbd\"> </span></span>Austr<span class=\"_ _3\"></span>alasia<span class=\"_ _1d7\"> </span><span class=\"ffc2 ls3 ws3\">229 <span class=\"_ _19\"> </span><span class=\"ffbd\">196<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 ls3 ws3\"><span class=\"ffbd\"> </span></span>13,<span class=\"_ _2\"></span>520\u2002<span class=\"_ _60\"> </span><span class=\"ffbd ls3 ws3\">11,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>18<span class=\"_ _351\"> </span></span>Or<span class=\"_ _3\"></span>der backlog<span class=\"_ _351\"> </span>Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>at <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>lon<span class=\"_ _0\"></span>g-te<span class=\"_ _0\"></span>rm <span class=\"_ _2\"></span>exchang<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>reve<span class=\"_ _0\"></span>nue <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rman<span class=\"_ _0\"></span>ce obli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are sati<span class=\"_ _0\"></span>sfi<span class=\"_ _0\"></span>ed in the fu<span class=\"_ _0\"></span>ture (refer<span class=\"_ _0\"></span>red to as order ba<span class=\"_ _0\"></span>cklo<span class=\"_ _0\"></span>g) is as foll<span class=\"_ _0\"></span>ows<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>2022<span class=\"_ _51\"> </span><span class=\"ffbd\">2021<span class=\"_ _351\"> </span></span>Within<span class=\"_ _0\"></span>\u2002fi<span class=\"_ _0\"></span>ve\u2002year<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3bn<span class=\"_ _351\"> </span>After<span class=\"_ _0\"></span>\u2002fi<span class=\"_ _0\"></span>ve\u2002year<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3bn<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3bn<span class=\"_ _351\"> </span>Withi<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span> fi<span class=\"_ _0\"></span>ve yea<span class=\"_ _0\"></span>rs<span class=\"_ _351\"> </span>\u00a3bn<span class=\"_ _351\"> </span>Af<span class=\"_ _0\"></span>ter<span class=\"_ _351\"> </span> fi<span class=\"_ _0\"></span>ve yea<span class=\"_ _0\"></span>rs<span class=\"_ _351\"> </span>\u00a3bn<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3bn<span class=\"_ _351\"> </span>Civil Aer<span class=\"_ _f\"></span>ospace<span class=\"_ _23b\"> </span><span class=\"ffc2\">2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.7 <span class=\"_ _67\"> </span><span class=\"ffbb ls3 ws3\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.0\u2002<span class=\"_ _83\"> </span><span class=\"ls7e wsac\">4<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>\u2002<span class=\"_ _aa\"> </span></span></span></span><span class=\"lsca ws18e\">20.<span class=\"_ _0\"></span>3 <span class=\"_ _67\"> </span>20.8 <span class=\"_ _62\"> </span><span class=\"ls6c ws99\">41.1<span class=\"_ _0\"></span> </span></span>Defence <span class=\"_ _178\"> </span><span class=\"ffc2 ls7e wsac\">7.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _15a\"> </span></span><span class=\"ffbb\">0<span class=\"_ _0\"></span>.7\u2002<span class=\"_ _85\"> </span><span class=\"ffc2 ls3 ws3\">8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _85\"> </span><span class=\"ffbd\">6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _62\"> </span>0.<span class=\"_ _0\"></span>3 <span class=\"_ _62\"> </span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span></span><span class=\"ffbb\"><span class=\"ffc2 ls3 ws3\"><span class=\"ffbd\"> </span></span></span>Power Systems<span class=\"_ _21d\"> </span><span class=\"ffbb\">3<span class=\"_ _0\"></span>.7\u2002<span class=\"_ _62\"> </span><span class=\"ls3 ws3\">0.<span class=\"_ _0\"></span>3\u2002<span class=\"_ _62\"> </span>4<span class=\"_ _0\"></span>.0\u2002<span class=\"_ _15a\"> </span><span class=\"ffbd\">2.<span class=\"_ _0\"></span>6 <span class=\"_ _85\"> </span>0.2 <span class=\"_ _15a\"> </span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span><span class=\"ffbb\"><span class=\"ls3 ws3\"><span class=\"ffbd\"> </span></span></span>New Markets<span class=\"_ _1d0\"> </span><span class=\"ffbb ls3 ws3\">\u2013\u2002<span class=\"_ _d2\"> </span>\u2013\u2002<span class=\"_ _d2\"> </span>\u2013\u2002<span class=\"_ _d2\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3 ws3\"><span class=\"ffbf\"> </span></span>Other businesses<span class=\"_ _23c\"> </span><span class=\"ffbb ls3 ws3\">\u2013\u2002<span class=\"_ _d2\"> </span>\u2013\u2002<span class=\"_ _d2\"> </span>\u2013\u2002<span class=\"_ _85\"> </span><span class=\"ffbd\">0.2 <span class=\"_ _19\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _62\"> </span></span>0<span class=\"_ _0\"></span>.2<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3 ws3\"><span class=\"ffbd\"> </span></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>\u2002<span class=\"_ _aa\"> </span><span class=\"ls3 ws3\">23<span class=\"_ _0\"></span>.0\u2002<span class=\"_ _21\"> </span>60<span class=\"_ _0\"></span>.2\u2002<span class=\"_ _aa\"> </span><span class=\"ffbd\">2<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>3 <span class=\"_ _73\"> </span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _7f\"> </span>5<span class=\"_ _0\"></span>0.6<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ffbd\"> </span></span>The <span class=\"_ _2\"></span>par<span class=\"_ _2\"></span>tie<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>pprove<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>ers <span class=\"_ _2\"></span>do <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>have <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>unil<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ral <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nforce<span class=\"_ _0\"></span>able <span class=\"_ _2\"></span>righ<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ermi<span class=\"_ _0\"></span>nate <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>out <span class=\"_ _2\"></span>comp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>exclu<span class=\"_ _0\"></span>des <span class=\"_ _2\"></span>Civ<span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Aero<span class=\"_ _0\"></span>spa<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>OE <span class=\"_ _2\"></span>orde<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>(for <span class=\"_ _2\"></span>deli<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ies <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>eyo<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>nex<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>7-12 <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hs) <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>our<span class=\"_ _0\"></span> cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>rs have <span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ace<span class=\"_ _0\"></span>d wh<span class=\"_ _0\"></span>ere t<span class=\"_ _0\"></span>hey re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in a r<span class=\"_ _0\"></span>ight <span class=\"_ _0\"></span>to c<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n his<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce is <span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>ese <span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>rs<span class=\"_ _351\"> </span> w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>W<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>0<span class=\"_ _b\"></span>-<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>y<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>y,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>y<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>P<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> Syste<span class=\"_ _0\"></span>ms will be rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d over the nex<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>wo years as it is a shor<span class=\"_ _0\"></span>t cycle bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>2\u2002<span class=\"_ _c\"> </span>Se<span class=\"_ _0\"></span>gmental\u2002anal<span class=\"_ _3\"></span>ysis\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Underl<span class=\"_ _3\"></span>ying adjustments<span class=\"_ _351\"> </span>2022<span class=\"_ _23d\"> </span>2021<span class=\"_ _351\"> </span>Reven<span class=\"_ _0\"></span>ue<span class=\"_ _351\"> </span>\u00a3m\u2002Profit<span class=\"_ _0\"></span>\u2002before\u2002financing<span class=\"_ _351\"> </span>\u00a3m\u2002Net\u2002financing<span class=\"_ _351\"> </span>\u00a3m\u2002T<span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>xation\u2002\u00a3m\u2002Revenue<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span> Profi<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span> before<span class=\"_ _351\"> </span> financing<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span> Net<span class=\"_ _351\"> </span> financing<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span> Ta<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Underlying\u2002performance<span class=\"_ _1f2\"> </span><span class=\"ffc2 lsaa wsd7\">12<span class=\"_ _0\"></span>,691 <span class=\"_ _68\"> </span><span class=\"ls6c ws99\">652<span class=\"_ _0\"></span> <span class=\"_ _95\"> </span></span></span><span class=\"ls68 ws95\">(4<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _61\"> </span>(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _a4\"> </span><span class=\"ffbd ls63 ws90\">10,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span> <span class=\"_ _7d\"> </span><span class=\"ls6c ws99\">41<span class=\"_ _0\"></span>4 <span class=\"_ _87\"> </span><span class=\"ls9c wsc9\">(378)<span class=\"_ _61\"> </span><span class=\"ls80 wsae\">(26)<span class=\"_ _351\"> </span></span></span></span></span></span>Impact of <span class=\"_ _3\"></span>foreig<span class=\"_ _3\"></span>n exchange<span class=\"_ _351\"> </span> differ<span class=\"_ _3\"></span>ences as a <span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>ult of hedging<span class=\"_ _351\"> </span> activities on tr<span class=\"_ _f\"></span>ading transactions<span class=\"_ _351\"> </span> 1<span class=\"_ _351\"> </span>A<span class=\"_ _61\"> </span><span class=\"ffc2 fse\">829 <span class=\"_ _81\"> </span>26<span class=\"_ _0\"></span>7 <span class=\"_ _56\"> </span><span class=\"ffbb ls6c ws99\">(35<span class=\"_ _0\"></span>8)<span class=\"_ _aa\"> </span><span class=\"ffc2\">(8<span class=\"_ _0\"></span>1)<span class=\"_ _61\"> </span></span></span><span class=\"ffbd\">27<span class=\"_ _0\"></span>1 <span class=\"_ _61\"> </span><span class=\"ls60 ws8d\">(<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _5c\"> </span></span>62 <span class=\"_ _72\"> </span>3<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 fse\"><span class=\"ffbd\"> </span></span>Unr<span class=\"_ _3\"></span>ealised fair value <span class=\"_ _3\"></span>changes on<span class=\"_ _351\"> </span> derivative contr<span class=\"_ _3\"></span>acts held f<span class=\"_ _3\"></span>or trading<span class=\"_ _351\"> </span> 2 <span class=\"_ _4a\"> </span><span class=\"ffbd fsb\">A<span class=\"_ _58\"> </span></span><span class=\"ffbb\">\u2013\u2002<span class=\"_ _1a\"> </span><span class=\"ls6d wscb\">(3)<span class=\"_ _9c\"> </span><span class=\"ffc2 ls5c ws8a\">(1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8)<span class=\"_ _7d\"> </span><span class=\"ffbb\">451\u2002<span class=\"_ _84\"> </span></span></span></span></span>\u2013 <span class=\"_ _26\"> </span><span class=\"ffbd ls80 wsae\">(6)<span class=\"_ _6b\"> </span>(61<span class=\"_ _0\"></span>8)<span class=\"_ _67\"> </span></span><span class=\"ffbd\">110<span class=\"_ _351\"> </span></span><span class=\"ffbd\"> </span>Unr<span class=\"_ _3\"></span>ealised net gain <span class=\"_ _3\"></span>on closing futur<span class=\"_ _f\"></span>e<span class=\"_ _0\"></span> over-hedged position<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span>A<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _26\"> </span><span class=\"ffbd ls62 ws8f\">(8)<span class=\"_ _84\"> </span></span>\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffbb fse\"><span class=\"ffbf\"> </span></span>Realised n<span class=\"_ _3\"></span>et gain on closing<span class=\"_ _351\"> </span> over-hedged position<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span>A<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _26\"> </span><span class=\"ffbd ls80 wsae\">(6)<span class=\"_ _2b\"> </span></span>\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffbb fse\"><span class=\"ffbf\"> </span></span>Unr<span class=\"_ _3\"></span>ealised fair value <span class=\"_ _3\"></span>change to<span class=\"_ _351\"> </span> derivative contr<span class=\"_ _3\"></span>acts held f<span class=\"_ _3\"></span>or<span class=\"_ _351\"> </span> financing<span class=\"_ _351\"> </span> 4<span class=\"_ _351\"> </span> A<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _67\"> </span><span class=\"ffc2\">191 <span class=\"_ _21\"> </span></span><span class=\"ls68 ws95\">(47<span class=\"_ _0\"></span>)<span class=\"_ _2b\"> </span></span><span class=\"ffbf\">\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ffbd\">79 <span class=\"_ _7d\"> </span><span class=\"ls80 wsae\">(2<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></span></span>Exceptional pr<span class=\"_ _f\"></span>ogramme cr<span class=\"_ _f\"></span>edits/<span class=\"_ _351\"> </span>(charges)<span class=\"_ _351\"> </span> 5<span class=\"_ _351\"> </span>B<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _71\"> </span><span class=\"ffc2\">69 <span class=\"_ _1a\"> </span></span><span class=\"ls6d wscb\">(3)<span class=\"_ _ae\"> </span></span>\u2013\u2002<span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _6c\"> </span><span class=\"ffbd\">10<span class=\"_ _0\"></span>5 <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _60\"> </span><span class=\"ffbd ls80 wsae\">(1)<span class=\"_ _351\"> </span></span></span></span>Exceptional r<span class=\"_ _f\"></span>estructuring (charges)/<span class=\"_ _351\"> </span> cr<span class=\"_ _3\"></span>edit<span class=\"_ _351\"> </span> 6<span class=\"_ _351\"> </span>B<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _21\"> </span><span class=\"ls68 ws95\">(47<span class=\"_ _0\"></span>)<span class=\"_ _ae\"> </span></span>\u2013\u2002<span class=\"_ _ae\"> </span>4\u2002<span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _72\"> </span><span class=\"ffbd\">4<span class=\"_ _0\"></span>5 <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _de\"> </span><span class=\"ffbd\">1<span class=\"_ _351\"> </span></span></span></span><span class=\"ffbb fse\"><span class=\"ffbf\"><span class=\"ffbd\"> </span></span></span>Impairment (charges)/r<span class=\"_ _f\"></span>eversals<span class=\"_ _351\"> </span> 7<span class=\"_ _351\"> </span>C<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _7d\"> </span><span class=\"ffc2 lsb5 ws9a\">(<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5)<span class=\"_ _ae\"> </span></span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _60\"> </span><span class=\"ffbd\">9 <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _84\"> </span>\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffbb fse\"><span class=\"ffbf\"> </span></span>Effect of <span class=\"_ _3\"></span>acquisition accounting<span class=\"_ _351\"> </span> 8<span class=\"_ _351\"> </span>C<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _61\"> </span><span class=\"ffc2 ls6c ws99\">(58)<span class=\"_ _ae\"> </span></span>\u2013\u2002<span class=\"_ _60\"> </span><span class=\"ffc2\">9 <span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _7d\"> </span><span class=\"ffbd ls80 wsae\">(50)<span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _26\"> </span><span class=\"ffbd\">12<span class=\"_ _351\"> </span></span></span></span></span><span class=\"ffbb fse\"><span class=\"ffc2\"><span class=\"ffbf\"><span class=\"ffbd\"> </span></span></span></span>Pension past-service <span class=\"_ _3\"></span>credit<span class=\"_ _351\"> </span> 9<span class=\"_ _351\"> </span>B<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _83\"> </span><span class=\"ffc2\">22 <span class=\"_ _2b\"> </span></span>\u2013\u2002<span class=\"_ _1a\"> </span><span class=\"ffc2 ls77 wsa5\">(2)<span class=\"_ _2b\"> </span></span><span class=\"ffbf\">\u2013 <span class=\"_ _83\"> </span><span class=\"ffbd ls63 ws90\">47<span class=\"_ _0\"></span> <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _72\"> </span><span class=\"ffbd ls6b ws98\">(1<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span></span></span>Other<span class=\"_ _351\"> </span> 10<span class=\"_ _351\"> </span>D<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _7d\"> </span><span class=\"ls60 ws8d\">(3<span class=\"_ _0\"></span>6)<span class=\"_ _99\"> </span><span class=\"ffc2 ls63 ws90\">(6<span class=\"_ _0\"></span>9)<span class=\"_ _2b\"> </span></span></span><span class=\"ffbf\">\u2013 <span class=\"_ _72\"> </span><span class=\"ffbd ls6e ws9b\">(1<span class=\"_ _0\"></span>7)<span class=\"_ _60\"> </span></span><span class=\"ffbd\">6 <span class=\"_ _7f\"> </span><span class=\"ls9c wsc9\">(37<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Gain arising on disposals of<span class=\"_ _351\"> </span> businesses<span class=\"_ _351\"> </span> 11<span class=\"_ _351\"> </span>C<span class=\"_ _58\"> </span><span class=\"ffbb fse\">\u2013\u2002<span class=\"_ _64\"> </span><span class=\"ffc2\">81 <span class=\"_ _84\"> </span></span>\u2013\u2002<span class=\"_ _1a\"> </span><span class=\"ffc2 ls77 wsa5\">(2)<span class=\"_ _ae\"> </span></span><span class=\"ffbf\">\u2013 <span class=\"_ _72\"> </span><span class=\"ffbd\">5<span class=\"_ _0\"></span>6 <span class=\"_ _2b\"> </span></span>\u2013 <span class=\"_ _2b\"> </span><span class=\"ffbd\">2<span class=\"_ _351\"> </span></span></span></span><span class=\"ffbb fse\"><span class=\"ffbf\"><span class=\"ffbd\"> </span></span></span>Impact of <span class=\"_ _3\"></span>tax rate <span class=\"_ _3\"></span>change<span class=\"_ _351\"> </span> 12<span class=\"_ _351\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _6c\"> </span><span class=\"ffbd ls6b ws98\">327<span class=\"_ _351\"> </span></span></span><span class=\"ffbf\"><span class=\"ffbd ls6b ws98\"> </span></span>Re-r<span class=\"_ _3\"></span>ecognition of <span class=\"_ _f\"></span>deferred <span class=\"_ _f\"></span>tax assets<span class=\"_ _351\"> </span> 13<span class=\"_ _351\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _2b\"> </span>\u2013\u2002<span class=\"_ _72\"> </span><span class=\"ls7b wsaa\">93\u2002<span class=\"_ _84\"> </span></span><span class=\"ffbf\">\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _71\"> </span><span class=\"ffbd\">30<span class=\"_ _351\"> </span></span></span><span class=\"ffbf\"><span class=\"ffbd\"> </span></span>T<span class=\"_ _f\"></span>otal\u2002underlying\u2002adjustments<span class=\"_ _174\"> </span><span class=\"ffc2 ls3 ws3\">829 <span class=\"_ _124\"> </span>266 <span class=\"_ _ad\"> </span></span><span class=\"ls15b ws189\">(1,9<span class=\"_ _3\"></span>7<span class=\"_ _f\"></span>4)<span class=\"_ _6b\"> </span><span class=\"ls3 ws3\">35<span class=\"_ _0\"></span>6\u2002<span class=\"_ _7f\"> </span><span class=\"ffbd\">27<span class=\"_ _0\"></span>1 <span class=\"_ _7d\"> </span>155 <span class=\"_ _92\"> </span><span class=\"ls74 wsa2\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5)<span class=\"_ _5e\"> </span><span class=\"ls1af ws20e\">444<span class=\"_ _351\"> </span></span></span></span></span></span><span class=\"ls15b ws189\"><span class=\"ls3 ws3\"><span class=\"ffbd\"><span class=\"ls74 wsa2\"><span class=\"ls1af ws20e\"> </span></span></span></span></span>Statutory\u2002performance\u2002per\u2002consolidated\u2002income\u2002statemen<span class=\"_ _3\"></span>t<span class=\"_ _163\"> </span><span class=\"ls6c ws99\">13<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>0\u2002<span class=\"_ _99\"> </span><span class=\"ffc2 ls3 ws3\">91<span class=\"_ _0\"></span>8 <span class=\"_ _25\"> </span></span><span class=\"ls77 wsa5\">(2<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>42<span class=\"_ _0\"></span>0)<span class=\"_ _6b\"> </span><span class=\"ls3 ws3\">308\u2002<span class=\"_ _6a\"> </span><span class=\"ffbd\">11,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>18 <span class=\"_ _5e\"> </span><span class=\"ls97 wsc4\">569 <span class=\"_ _95\"> </span><span class=\"ls90 wsbd\">(863)<span class=\"_ _99\"> </span></span></span></span></span></span><span class=\"ffbd\">41<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span><span class=\"ls6c ws99\"><span class=\"ffbd\"> </span></span>A \u2013 FX, <span class=\"_ _3\"></span>B \u2013 Exceptional, <span class=\"_ _3\"></span>C \u2013 M&amp;A and <span class=\"_ _3\"></span>impairment, D \u2013 Other<span class=\"_ _351\"> </span>1<span class=\"_ _351\"> </span> The impact of measuring r<span class=\"_ _3\"></span>evenues and costs at the aver<span class=\"_ _3\"></span>age exchange rate <span class=\"_ _3\"></span>during the year and the impact of valuation of assets and liabilities using the <span class=\"_ _3\"></span>year end exchange rate <span class=\"_ _3\"></span>rather<span class=\"_ _351\"> </span> than <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>achieved <span class=\"_ _3\"></span>rate <span class=\"_ _f\"></span>or the <span class=\"_ _f\"></span>exchange <span class=\"_ _f\"></span>rate th<span class=\"_ _3\"></span>at i<span class=\"_ _3\"></span>s e<span class=\"_ _3\"></span>xpected <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>be achiev<span class=\"_ _3\"></span>ed b<span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>the use <span class=\"_ _f\"></span>of <span class=\"_ _3\"></span>the <span class=\"_ _3\"></span>hedge <span class=\"_ _3\"></span>book <span class=\"_ _3\"></span>increased <span class=\"_ _f\"></span>statutory r<span class=\"_ _f\"></span>evenues by <span class=\"_ _f\"></span>\u00a3829m <span class=\"_ _3\"></span>(2021: <span class=\"_ _3\"></span>increased <span class=\"_ _f\"></span>by \u00a3271m) <span class=\"_ _f\"></span>and <span class=\"_ _3\"></span>increased<span class=\"_ _351\"> </span> profit before financing <span class=\"_ _2\"></span>and <span class=\"_ _0\"></span>taxation <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>\u00a3267m <span class=\"_ _0\"></span>(2021: <span class=\"_ _0\"></span>reduced <span class=\"_ _0\"></span>profit by <span class=\"_ _0\"></span>\u00a334m). <span class=\"_ _2\"></span>Underlying <span class=\"_ _0\"></span>financing <span class=\"_ _0\"></span>excludes <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>impact <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>revaluing monetary <span class=\"_ _0\"></span>asse<span class=\"_ _0\"></span>ts <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>liabilities <span class=\"_ _0\"></span>at <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>year-end<span class=\"_ _351\"> </span> exchange r<span class=\"_ _3\"></span>ate<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span> The underlying <span class=\"_ _3\"></span>results <span class=\"_ _3\"></span>exclude <span class=\"_ _3\"></span>the fair value <span class=\"_ _f\"></span>changes on derivative <span class=\"_ _3\"></span>contracts held <span class=\"_ _f\"></span>for trading. Th<span class=\"_ _3\"></span>ese fair value <span class=\"_ _f\"></span>changes are <span class=\"_ _3\"></span>subsequently r<span class=\"_ _3\"></span>ecognised in <span class=\"_ _3\"></span>the underlying <span class=\"_ _3\"></span>results <span class=\"_ _3\"></span>when the<span class=\"_ _351\"> </span> contracts ar<span class=\"_ _f\"></span>e settled<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span> In 2020, <span class=\"_ _0\"></span>the Group took <span class=\"_ _0\"></span>action to <span class=\"_ _0\"></span>reduce the size <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>the USD <span class=\"_ _0\"></span>hedge <span class=\"_ _0\"></span>book by <span class=\"_ _0\"></span>$11.8bn across 2020-2026, <span class=\"_ _0\"></span>resulting in an <span class=\"_ _0\"></span>underlying charge <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>\u00a31.7bn at <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>December 2020. <span class=\"_ _0\"></span>In 2021, <span class=\"_ _0\"></span>this<span class=\"_ _351\"> </span> estimate was updated <span class=\"_ _3\"></span>to reflect <span class=\"_ _3\"></span>the actual cash cost <span class=\"_ _3\"></span>and r<span class=\"_ _3\"></span>esulted in a \u00a315m <span class=\"_ _3\"></span>gain to underlying finance <span class=\"_ _3\"></span>costs<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span> Includes the <span class=\"_ _3\"></span>gains on <span class=\"_ _3\"></span>hedge ineffectiveness <span class=\"_ _3\"></span>in the <span class=\"_ _3\"></span>year of <span class=\"_ _3\"></span>\u00a31m (2021: <span class=\"_ _3\"></span>losses of \u00a31m) <span class=\"_ _3\"></span>and net <span class=\"_ _3\"></span>fair value <span class=\"_ _3\"></span>gains of \u00a3190m <span class=\"_ _3\"></span>(2021: gains <span class=\"_ _3\"></span>of \u00a380m) <span class=\"_ _3\"></span>on any <span class=\"_ _3\"></span>interest r<span class=\"_ _3\"></span>ate swaps <span class=\"_ _3\"></span>not designated <span class=\"_ _3\"></span>into<span class=\"_ _351\"> </span> hedging r<span class=\"_ _3\"></span>elationships for accounting <span class=\"_ _3\"></span>purposes<span class=\"_ _351\"> </span> 5<span class=\"_ _351\"> </span> During the <span class=\"_ _0\"></span>year <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>December <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>and 2021, <span class=\"_ _0\"></span>contract <span class=\"_ _0\"></span>loss <span class=\"_ _0\"></span>provisions previously recognised in <span class=\"_ _0\"></span>respect of the <span class=\"_ _0\"></span>Tr<span class=\"_ _3\"></span>ent <span class=\"_ _0\"></span>1000 <span class=\"_ _0\"></span>technical issues <span class=\"_ _0\"></span>which <span class=\"_ _0\"></span>were identified <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>2019 <span class=\"_ _0\"></span>have been<span class=\"_ _0\"></span> rever<span class=\"_ _3\"></span>sed due to a <span class=\"_ _3\"></span>reduction in <span class=\"_ _3\"></span>the estimated cost of <span class=\"_ _3\"></span>settling the obligation<span class=\"_ _351\"> </span> 6<span class=\"_ _351\"> </span> During <span class=\"_ _3\"></span>the year <span class=\"_ _f\"></span>to 31 <span class=\"_ _3\"></span>December 20<span class=\"_ _3\"></span>22, the <span class=\"_ _f\"></span>Group r<span class=\"_ _f\"></span>ecorded <span class=\"_ _3\"></span>an ex<span class=\"_ _3\"></span>ceptional r<span class=\"_ _f\"></span>estructuring charge <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>\u00a347m <span class=\"_ _3\"></span>(2021: cr<span class=\"_ _f\"></span>edit of <span class=\"_ _3\"></span>\u00a345m) which <span class=\"_ _f\"></span>included \u00a35<span class=\"_ _3\"></span>7m <span class=\"_ _3\"></span>(2021: \u00a393m) <span class=\"_ _f\"></span>associated with <span class=\"_ _3\"></span>initiatives<span class=\"_ _351\"> </span> to enable r<span class=\"_ _f\"></span>estructuring offset by \u00a310m (2021: \u00a3138m) <span class=\"_ _3\"></span>released fr<span class=\"_ _f\"></span>om the provision<span class=\"_ _351\"> </span>7<span class=\"_ _351\"> </span> The Group has assessed the car<span class=\"_ _3\"></span>rying value of its assets. Further details are pr<span class=\"_ _3\"></span>ovided in notes 9, 10, 11 and 12<span class=\"_ _351\"> </span> 8<span class=\"_ _351\"> </span> The effect of <span class=\"_ _3\"></span>acquisition accounting includes <span class=\"_ _3\"></span>the amortisation of intangible <span class=\"_ _3\"></span>assets arising on pr<span class=\"_ _3\"></span>evious acquisitions<span class=\"_ _351\"> </span>9<span class=\"_ _351\"> </span> The past-service credit of \u00a322m includes <span class=\"_ _0\"></span>a \u00a323m credit as a <span class=\"_ _0\"></span>result of changes in the schemes <span class=\"_ _0\"></span>in Power Systems, <span class=\"_ _0\"></span>a settlement loss <span class=\"_ _0\"></span>of \u00a37m on the <span class=\"_ _0\"></span>Rolls-Royce North America retir<span class=\"_ _3\"></span>ement<span class=\"_ _351\"> </span> scheme and <span class=\"_ _f\"></span>a credit <span class=\"_ _f\"></span>of \u00a36m as <span class=\"_ _f\"></span>a result <span class=\"_ _f\"></span>of a constructive <span class=\"_ _f\"></span>obligation recognised <span class=\"_ _f\"></span>for the <span class=\"_ _3\"></span>offering of <span class=\"_ _3\"></span>the Bridging <span class=\"_ _3\"></span>Pension <span class=\"_ _3\"></span>Option (BPO) <span class=\"_ _3\"></span>to other <span class=\"_ _3\"></span>deferr<span class=\"_ _3\"></span>ed members <span class=\"_ _3\"></span>in the <span class=\"_ _f\"></span>RRUKPF. <span class=\"_ _3\"></span>Further<span class=\"_ _351\"> </span> details ar<span class=\"_ _3\"></span>e provided <span class=\"_ _3\"></span>in note 22<span class=\"_ _351\"> </span>10  Includes <span class=\"_ _0\"></span>\u00a3(14)m <span class=\"_ _0\"></span>(2021: <span class=\"_ _0\"></span>\u00a314m) <span class=\"_ _0\"></span>reclassification <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>amounts <span class=\"_ _0\"></span>(received)/paid <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>interest <span class=\"_ _0\"></span>rate swaps <span class=\"_ _0\"></span>which <span class=\"_ _2\"></span>are not <span class=\"_ _0\"></span>designated <span class=\"_ _0\"></span>as <span class=\"_ _2\"></span>hedge <span class=\"_ _0\"></span>relationship for <span class=\"_ _0\"></span>accounting <span class=\"_ _2\"></span>purposes <span class=\"_ _0\"></span>from interest<span class=\"_ _351\"> </span> payable on an <span class=\"_ _3\"></span>underlying basis to <span class=\"_ _3\"></span>fair value movement<span class=\"_ _351\"> </span>11<span class=\"_ _351\"> </span> Gains arising on the disposals of businesses ar<span class=\"_ _3\"></span>e set out in note 27<span class=\"_ _351\"> </span>12<span class=\"_ _351\"> </span> The 2021 tax <span class=\"_ _3\"></span>credit r<span class=\"_ _f\"></span>elates to the incr<span class=\"_ _3\"></span>ease in the UK <span class=\"_ _3\"></span>tax rate fr<span class=\"_ _f\"></span>om 19% to 25%<span class=\"_ _351\"> </span>13<span class=\"_ _351\"> </span> The r<span class=\"_ _3\"></span>e-recognition of <span class=\"_ _3\"></span>deferred <span class=\"_ _3\"></span>tax assets r<span class=\"_ _3\"></span>elates to for<span class=\"_ _3\"></span>eign exchange <span class=\"_ _3\"></span>derivatives<span class=\"_ _351\"> </span>2\u2002<span class=\"_ _c\"> </span>Se<span class=\"_ _0\"></span>gmental\u2002anal<span class=\"_ _3\"></span>ysis\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Balance <span class=\"_ _3\"></span>sheet anal<span class=\"_ _3\"></span>ysis<span class=\"_ _351\"> </span>Y<span class=\"_ _f\"></span>ear\u2002ended\u200231\u2002December\u20022022<span class=\"_ _351\"> </span>Civil\u2002Aerospace<span class=\"_ _351\"> </span>\u00a3m\u2002Defence<span class=\"_ _351\"> </span>\u00a3m\u2002Power\u2002Systems<span class=\"_ _351\"> </span>\u00a3m\u2002New\u2002Ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m\u2002To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>\u2002reportable\u2002segments<span class=\"_ _351\"> </span>\u00a3m\u2002Segment assets<span class=\"_ _23e\"> </span><span class=\"ffbb lsb7 wse5\">1<span class=\"_ _0\"></span>7,<span class=\"_ _b\"></span>5<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>\u2002<span class=\"_ _9c\"> </span><span class=\"ls17b ws1ab\">3,430<span class=\"_ _f\"></span>\u2002<span class=\"_ _10b\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>84\u2002<span class=\"_ _7d\"> </span>13<span class=\"_ _0\"></span>5\u2002<span class=\"_ _9b\"> </span><span class=\"ffc2 lsd4 ws1a5\">25,186<span class=\"_ _3\"></span> </span></span></span></span>Inter<span class=\"_ _3\"></span>ests in joint <span class=\"_ _3\"></span>ventures <span class=\"_ _3\"></span>and associates<span class=\"_ _1de\"> </span><span class=\"ffbb ls90 wsbd\">387\u2002<span class=\"_ _60\"> </span><span class=\"ls3 ws3\">4\u2002<span class=\"_ _6f\"> </span>31\u2002<span class=\"_ _ae\"> </span>\u2013\u2002<span class=\"_ _157\"> </span>42<span class=\"_ _0\"></span>2\u2002</span></span>Segment liabilities<span class=\"_ _23f\"> </span><span class=\"ffbb lsd4 ws1a5\">(25,35<span class=\"_ _3\"></span>7)<span class=\"_ _10b\"> </span><span class=\"ls6b ws98\">(3,1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _10b\"> </span><span class=\"lsab wsd8\">(1,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>02)<span class=\"_ _7d\"> </span><span class=\"ffc2\">(97<span class=\"_ _0\"></span>)<span class=\"_ _115\"> </span></span><span class=\"ls75 wsa3\">(30<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>40<span class=\"_ _0\"></span>2)<span class=\"_ _351\"> </span></span></span></span></span>Net\u2002(liabilities)/<span class=\"_ _3\"></span>assets<span class=\"_ _211\"> </span><span class=\"ls17b ws1ab\">(7<span class=\"_ _32\"></span>,433)<span class=\"_ _6b\"> </span><span class=\"ffc2 ls3 ws3\">28<span class=\"_ _0\"></span>8 <span class=\"_ _154\"> </span><span class=\"ffbb\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>313\u2002<span class=\"_ _5c\"> </span>38\u2002<span class=\"_ _b4\"> </span><span class=\"ls65 ws92\">(4,<span class=\"_ _0\"></span>79<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Investment <span class=\"_ _3\"></span>in intangible assets, pr<span class=\"_ _f\"></span>opert<span class=\"_ _0\"></span>y<span class=\"_ _f\"></span>, plant and <span class=\"_ _3\"></span>equipment, right-of-use<span class=\"_ _351\"> </span> assets and joint <span class=\"_ _3\"></span>ventures <span class=\"_ _3\"></span>and associates<span class=\"_ _240\"> </span><span class=\"ffbb ls6e ws9b\">415\u2002<span class=\"_ _99\"> </span><span class=\"ls3 ws3\">14<span class=\"_ _0\"></span>6\u2002<span class=\"_ _61\"> </span><span class=\"ffc2\">1<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>7 <span class=\"_ _86\"> </span>1<span class=\"_ _0\"></span>6 <span class=\"_ _81\"> </span></span>75<span class=\"_ _0\"></span>4\u2002</span></span>Depr<span class=\"_ _3\"></span>eciation, amortisation and <span class=\"_ _3\"></span>impairment<span class=\"_ _241\"> </span><span class=\"ffc2 lsaa wsd7\">755<span class=\"_ _71\"> </span><span class=\"ls97 wsc4\">128<span class=\"_ _aa\"> </span><span class=\"ffbb ls157 ws186\">193<span class=\"_ _de\"> </span></span><span class=\"ls3 ws3\">6<span class=\"_ _2a\"> </span><span class=\"ffbb\">1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>82\u2002</span></span></span></span>Y<span class=\"_ _f\"></span>ear ended 31 December <span class=\"_ _3\"></span>2021<span class=\"_ _351\"> </span>Segment assets<span class=\"_ _242\"> </span><span class=\"ls3 ws3\">15<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>6 <span class=\"_ _ad\"> </span><span class=\"ls7b wsaa\">2<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _74\"> </span></span>3,<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>31 <span class=\"_ _67\"> </span>9<span class=\"_ _0\"></span>0 <span class=\"_ _14d\"> </span><span class=\"ls166 ws194\">22,233<span class=\"_ _3\"></span> </span></span><span class=\"ls3 ws3\"><span class=\"ls166 ws194\"></span></span>Inter<span class=\"_ _3\"></span>ests in joint <span class=\"_ _3\"></span>ventures <span class=\"_ _3\"></span>and associates<span class=\"_ _1de\"> </span><span class=\"ls3 ws3\">37<span class=\"_ _0\"></span>8 <span class=\"_ _60\"> </span>9 <span class=\"_ _86\"> </span>1<span class=\"_ _0\"></span>6 <span class=\"_ _84\"> </span><span class=\"ffbf\">\u2013 <span class=\"_ _6b\"> </span></span>4<span class=\"_ _0\"></span>03<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Segment liabilities<span class=\"_ _20b\"> </span><span class=\"lsc9 wsf5\">(<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _b4\"> </span><span class=\"ls62 ws8f\">(2<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5)<span class=\"_ _10b\"> </span><span class=\"ls9c wsc9\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>03)<span class=\"_ _7d\"> </span>(3<span class=\"_ _0\"></span>3)<span class=\"_ _149\"> </span><span class=\"ls98 wsc5\">(24,<span class=\"_ _0\"></span>91<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span></span></span></span>Net (liabilities)/assets<span class=\"_ _206\"> </span><span class=\"ls6e ws9b\">(4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>1)<span class=\"_ _6c\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0 <span class=\"_ _9c\"> </span>2,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4 <span class=\"_ _83\"> </span>57 <span class=\"_ _a4\"> </span><span class=\"ls98 wsc5\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></span>Investment <span class=\"_ _3\"></span>in intangible assets, pr<span class=\"_ _f\"></span>opert<span class=\"_ _0\"></span>y<span class=\"_ _f\"></span>, plant and <span class=\"_ _3\"></span>equipment, right-of-use<span class=\"_ _351\"> </span> assets and joint <span class=\"_ _3\"></span>ventures <span class=\"_ _3\"></span>and associates<span class=\"_ _1e8\"> </span><span class=\"ls3 ws3\">323 <span class=\"_ _5c\"> </span>9<span class=\"_ _0\"></span>7 <span class=\"_ _7d\"> </span>1<span class=\"_ _0\"></span>87 <span class=\"_ _6f\"> </span>1<span class=\"_ _0\"></span>5 <span class=\"_ _68\"> </span>62<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Depr<span class=\"_ _3\"></span>eciation, amortisation and <span class=\"_ _3\"></span>impairment<span class=\"_ _243\"> </span><span class=\"ls3 ws3\">66<span class=\"_ _0\"></span>0 <span class=\"_ _72\"> </span>11<span class=\"_ _0\"></span>7 <span class=\"_ _61\"> </span>1<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>7 <span class=\"_ _ae\"> </span>4 <span class=\"_ _6b\"> </span>9<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Reconcilia<span class=\"_ _3\"></span>tion to the <span class=\"_ _3\"></span>balance sheet<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m\u20022021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span> T<span class=\"_ _3\"></span>otal r<span class=\"_ _3\"></span>eportable segment <span class=\"_ _3\"></span>assets excluding <span class=\"_ _3\"></span>held for sale<span class=\"_ _214\"> </span><span class=\"ffc2 lsd4 ws1a5\">25,186<span class=\"_ _3\"></span> <span class=\"_ _14d\"> </span><span class=\"ffbd ls166 ws194\">22,233<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 lsd4 ws1a5\"><span class=\"ffbd ls166 ws194\"> </span></span>Other businesses<span class=\"_ _244\"> </span><span class=\"ffc2 ls3 ws3\">19 <span class=\"_ _26\"> </span><span class=\"ffbd\">14<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 ls3 ws3\"><span class=\"ffbd\"> </span></span>Corporate <span class=\"_ _3\"></span>and Inter-segment<span class=\"_ _245\"> </span><span class=\"ffbb ls3 ws3\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0)<span class=\"_ _b4\"> </span></span><span class=\"ls62 ws8f\">(2,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span>Inter<span class=\"_ _3\"></span>ests in joint <span class=\"_ _3\"></span>ventures <span class=\"_ _3\"></span>and associates<span class=\"_ _246\"> </span><span class=\"ffbb ls3 ws3\">422\u2002<span class=\"_ _5e\"> </span><span class=\"ffbd\">4<span class=\"_ _0\"></span>03<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3 ws3\"><span class=\"ffbd\"> </span></span>Assets held f<span class=\"_ _3\"></span>or sale<span class=\"_ _351\"> </span> 1<span class=\"_ _351\"> </span>\u2013\u2002<span class=\"_ _10d\"> </span><span class=\"ffbd\">2<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>28<span class=\"_ _351\"> </span></span><span class=\"ffbd\"> </span>Cash and <span class=\"_ _3\"></span>cash equivalents and <span class=\"_ _3\"></span>short-term investments<span class=\"_ _15c\"> </span><span class=\"ffc2 ls3 ws3\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>61<span class=\"_ _0\"></span>8 <span class=\"_ _10d\"> </span></span><span class=\"lsd1 wsfc\">2,629<span class=\"_ _351\"> </span></span><span class=\"lsd1 wsfc\"> </span>Fair <span class=\"_ _3\"></span>value of sw<span class=\"_ _3\"></span>aps hedging fix<span class=\"_ _3\"></span>ed rate <span class=\"_ _3\"></span>borrowing<span class=\"_ _3\"></span>s<span class=\"_ _247\"> </span><span class=\"ffbb ls3 ws3\">19<span class=\"_ _0\"></span>4\u2002<span class=\"_ _7d\"> </span><span class=\"ffbd\">13<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3 ws3\"><span class=\"ffbd\"> </span></span>Deferr<span class=\"_ _3\"></span>ed and incom<span class=\"_ _3\"></span>e tax assets<span class=\"_ _248\"> </span><span class=\"ffc2 ls3 ws3\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>58 <span class=\"_ _10d\"> </span><span class=\"ffbd\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span><span class=\"ffc2 ls3 ws3\"><span class=\"ffbd\"> </span></span>Post-r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme surpluses<span class=\"_ _221\"> </span><span class=\"ffbb ls3 ws3\">613\u2002<span class=\"_ _6e\"> </span><span class=\"ffbd\">1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3 ws3\"><span class=\"ffbd\"> </span></span>T<span class=\"_ _f\"></span>otal\u2002assets<span class=\"_ _249\"> </span><span class=\"ls3 ws3\">29,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0\u2002<span class=\"_ _14d\"> </span><span class=\"ffbd lsc9 wsf5\">28<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>74<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ffbd lsc9 wsf5\"> </span></span>T<span class=\"_ _3\"></span>otal r<span class=\"_ _3\"></span>eportable segment <span class=\"_ _3\"></span>liabilities excluding <span class=\"_ _3\"></span>held for <span class=\"_ _3\"></span>sale<span class=\"_ _24a\"> </span><span class=\"ffbb ls75 wsa3\">(30,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>02)<span class=\"_ _24b\"> </span></span><span class=\"ls98 wsc5\">(24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>91<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span>Other businesses<span class=\"_ _24c\"> </span><span class=\"ffbb ls6e ws9b\">(3<span class=\"_ _0\"></span>4)<span class=\"_ _86\"> </span></span><span class=\"ls98 wsc5\">(11)<span class=\"_ _351\"> </span></span>Corporate <span class=\"_ _3\"></span>and Inter-segment<span class=\"_ _24d\"> </span><span class=\"ffbb ls3 ws3\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>56\u2002<span class=\"_ _154\"> </span></span><span class=\"ls52 wse4\">2<span class=\"_ _0\"></span>,139<span class=\"_ _351\"> </span></span><span class=\"ls52 wse4\"> </span>Liabilities associated <span class=\"_ _3\"></span>with assets held f<span class=\"_ _3\"></span>or sale<span class=\"_ _351\"> </span> 1<span class=\"_ _351\"> </span>\u2013\u2002<span class=\"_ _92\"> </span><span class=\"ffbd ls9c wsc9\">(<span class=\"_ _0\"></span>72<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span><span class=\"ffbd ls9c wsc9\">)<span class=\"_ _351\"> </span></span>Borr<span class=\"_ _3\"></span>owings and <span class=\"_ _3\"></span>lease liabilities<span class=\"_ _221\"> </span><span class=\"ffc2 ls63 ws90\">(5,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>5)<span class=\"_ _114\"> </span></span><span class=\"ls98 wsc5\">(<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>,7<span class=\"_ _0\"></span>76)<span class=\"_ _351\"> </span></span>Fair <span class=\"_ _3\"></span>value of sw<span class=\"_ _3\"></span>aps hedging fix<span class=\"_ _3\"></span>ed rate <span class=\"_ _3\"></span>borrowing<span class=\"_ _3\"></span>s<span class=\"_ _20c\"> </span><span class=\"ffbb lsab wsd8\">(1<span class=\"_ _0\"></span>08)<span class=\"_ _99\"> </span></span><span class=\"ls98 wsc5\">(9<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span>Deferr<span class=\"_ _3\"></span>ed and incom<span class=\"_ _3\"></span>e tax liabilities<span class=\"_ _1bd\"> </span><span class=\"ffbb lsab wsd8\">(390)<span class=\"_ _56\"> </span></span><span class=\"ls157 ws186\">(<span class=\"_ _0\"></span>552)<span class=\"_ _351\"> </span></span>Post-r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme deficits<span class=\"_ _193\"> </span><span class=\"ffbb ls6b ws98\">(1,0<span class=\"_ _0\"></span>33)<span class=\"_ _9c\"> </span></span><span class=\"ls9c wsc9\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>73)<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>otal\u2002liabilities<span class=\"_ _1ce\"> </span><span class=\"lsd4 ws1a5\">(<span class=\"_ _3\"></span>35,466)<span class=\"_ _14c\"> </span><span class=\"ffbd ls72 wsa0\">(3<span class=\"_ _0\"></span>3,<span class=\"_ _2\"></span>310<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Net\u2002liabilities<span class=\"_ _244\"> </span><span class=\"lsab wsd8\">(6<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>16)<span class=\"_ _9b\"> </span><span class=\"ffbd ls6e ws9b\">(4<span class=\"_ _2\"></span>,6<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span></span>1<span class=\"_ _351\"> </span> At 31 <span class=\"_ _f\"></span>December 2021, assets <span class=\"_ _3\"></span>and liabilities <span class=\"_ _3\"></span>relating <span class=\"_ _3\"></span>to ITP <span class=\"_ _3\"></span>Aero, <span class=\"_ _3\"></span>the investm<span class=\"_ _3\"></span>ent in <span class=\"_ _3\"></span>Airtanker Holdings <span class=\"_ _3\"></span>and other <span class=\"_ _3\"></span>non-current <span class=\"_ _f\"></span>asse<span class=\"_ _0\"></span>ts r<span class=\"_ _3\"></span>elated to <span class=\"_ _3\"></span>the Gr<span class=\"_ _f\"></span>oup\u2019s site <span class=\"_ _3\"></span>rationalisation <span class=\"_ _3\"></span>activities wer<span class=\"_ _3\"></span>e<span class=\"_ _351\"> </span> classified as held <span class=\"_ _3\"></span>for sale. F<span class=\"_ _3\"></span>or further details see note <span class=\"_ _3\"></span>27<span class=\"_ _351\"> </span>The carrying amounts of the Gr<span class=\"_ _3\"></span>oup\u2019s non-curr<span class=\"_ _f\"></span>ent assets including investments but excluding financial instruments, def<span class=\"_ _3\"></span>erred tax assets and<span class=\"_ _351\"> </span> post-r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme surpluses/(deficits), by <span class=\"_ _3\"></span>the geogr<span class=\"_ _3\"></span>aphical ar<span class=\"_ _3\"></span>ea in which <span class=\"_ _3\"></span>the assets ar<span class=\"_ _f\"></span>e located, ar<span class=\"_ _3\"></span>e as follows:<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m\u20022021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span> United Kingdom<span class=\"_ _1cd\"> </span><span class=\"ffbb ls3 ws3\">5,2<span class=\"_ _0\"></span>02\u2002<span class=\"_ _9c\"> </span><span class=\"ffbd\">5<span class=\"_ _0\"></span>,4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3 ws3\"><span class=\"ffbd\"> </span></span>Germany<span class=\"_ _229\"> </span><span class=\"ffc2 ls5c ws8a\">2<span class=\"_ _2\"></span>,1<span class=\"_ _0\"></span>51 <span class=\"_ _9c\"> </span></span><span class=\"ls90 wsbd\">2,086<span class=\"_ _351\"> </span></span><span class=\"ls90 wsbd\"> </span>United States<span class=\"_ _14f\"> </span><span class=\"ffbb ls3 ws3\">1,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>65\u2002<span class=\"_ _cc\"> </span><span class=\"ffbd\">1,<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span></span><span class=\"ffbb ls3 ws3\"><span class=\"ffbd\"> </span></span>Other<span class=\"_ _24e\"> </span><span class=\"ffbb ls3 ws3\">735\u2002<span class=\"_ _157\"> </span></span><span class=\"lsce wsf8\">74<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> </span>9,5<span class=\"_ _0\"></span>53\u2002<span class=\"_ _5d\"> </span><span class=\"ffbd ls3 ws3\">9,601<span class=\"_ _351\"> </span></span><span class=\"ffbd ls3 ws3\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-15": {
   "value": "The Group\u2019s  four businesses are set out below.  Civil Aerospace   development, manufacture, marketing and sales of commercial aero engines and aftermarket services Defence   development, manufacture, marketing and sales of military aero engines, naval engines, submarine nuclear power  plants and aftermarket services Power Systems  development, manufacture, marketing and sales of integrated solutions for onsite power and propulsion New Markets  development, manufacture and sales of small modular reactor (SMR) and new electrical power solutions ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-821": {
   "value": "Analysis by geographical destination The Group\u2019s revenue by destination of the ultimate operator is as follows: 2022 \u00a3m\u20022021 \u00a3m  United Kingdom 1,669  1,497  Germany 855  737  Switzerland 334\u2002 164  Ireland 328\u2002 5  Turkey 220\u2002 146  Spain 188  106  France 255  332 Italy 238\u2002 187  Norway 61  146  Rest of Europe 601\u2002 629  Europe 4,749\u2002 3,949  United States 4,334\u2002 3,525  Canada 267  235  North\u2002America 4,601\u2002 3,760  South\u2002America 168  170  Central\u2002America 91  76  Saudi Arabia 322\u2002 271  Qatar 231\u2002 131 United Arab Emirates 180\u2002 126  Rest of Middle East 164\u2002 107  Middle\u2002East 897  635  China 1,246\u2002 1,245  Singapore 317\u2002 105  Japan 276  233  South Korea 164\u2002 137  India 119  140  Rest of Asia 381\u2002 359  Asia 2,503\u2002 2,219  Africa 282  213  Australasia 229  196  13,520\u2002 11,218  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-787": {
   "value": "3\u2002 Research\u2002and\u2002development 2022 \u00a3m 2021 \u00a3m Gross research and development costs (1,287) (1,179) Contributions and fees  1 359\u2002 366  Expenditure in the year (928) (813) Capitalised as intangible assets 131\u2002 105  Amortisation and impairment of capitalised costs  2 (94) (70) Net\u2002cost\u2002recognised\u2002in\u2002the\u2002income\u2002statement (891) (778) Underlying adjustments relating to effects of acquisition accounting and foreign exchange  5  4  Net\u2002underlying\u2002cost\u2002recognised\u2002in\u2002the\u2002income\u2002statement (886) (774) 1  Includes government funding 2  See note 9 for analysis of amortisation and impairment. During the year, amortisation of \u00a3nil (2021: \u00a35m) has been incurred within the disposal group recognised as a discontinued  operation ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-788": {
   "value": "4\u2002 Net\u2002financing 2022 2021 Statutory \u00a3m Underlying\u20021 \u00a3m Statutory \u00a3m Underlying  1 \u00a3m Interest receivable 35\u2002 35\u2002 7  7  Net fair value gains on foreign currency contracts \u2013\u2002 \u2013\u2002 80  \u2013  Net fair value gains on non-hedge accounted interest rate swaps  2 190\u2002 \u2013\u2002 \u2013  \u2013  Net fair value gains on commodity contracts 106\u2002 \u2013 63 \u2013  Financing on post-retirement scheme surpluses 24\u2002 \u2013 17 \u2013  Net foreign exchange gains  \u2013\u2002 \u2013\u2002 62  \u2013  Realised net gains on closing over-hedged position  3 \u2013\u2002 \u2013\u2002 \u2013  6  Unrealised net gains on closing over-hedged position  3 \u2013\u2002 \u2013\u2002 \u2013  8  Financing\u2002income 355\u2002 35\u2002 229  21  Interest payable (343) (320) (252) (262) Net fair value losses on foreign currency contracts (1,875) \u2013 (681) \u2013  Foreign exchange differences and changes in forecast payments relating to  financial RRSAs (7) \u2013 (7) \u2013 Financing on post-retirement scheme deficits (26) \u2013 (20) \u2013 Net foreign exchange losses (358) \u2013 \u2013  \u2013  Cost of undrawn facilities (61) (61) (62) (62) Other financing charges (105) (100) (70) (75) Financing\u2002costs (2,775) (481) (1,092) (399) Net\u2002financing\u2002costs (2,420) (446) (863) (378) Analysed\u2002as: Net interest payable (308) (285) (245) (255) Net fair value (losses)/gains on derivative contracts (1,579) \u2013 (538) 14  Net post-retirement scheme financing (2) \u2013 (3) \u2013 Net foreign exchange (losses)/gains (358) \u2013 62  \u2013  Net other financing (173) (161) (139) (137) Net\u2002financing\u2002costs (2,420) (446) (863) (378) 1  See note 2 for definition of underlying result 2  The consolidated income statement shows the net fair value gain/(loss) on any interest rate swaps not designated into hedging relationships for accounting purposes. Underlying  financing reclassifies the fair value movements on these interest rate swaps to net interest payable 3  In 2020, the Group took action to reduce the size of the USD hedge book by $11.8bn across 2020-2026, resulting in an underlying charge of \u00a31,689m at 31 December 2020. In 2021, this  estimate was updated to reflect the actual cash settlement cost of \u00a31,674m and resulted in a \u00a315m gain to underlying finance costs in the year to 31 December 2021. The cash settlement  costs of \u00a31,674m covers the period 2020-2026, \u00a3326m was incurred in the year to 31 December 2022 (2021: \u00a3452m, 2020: \u00a3186m). The Group estimates that future cash outflows of \u00a3389m  will be incurred in 2023 and \u00a3321m spread over 2024-2026 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-842": {
   "value": "4\u2002 Net\u2002financing 2022 2021 Statutory \u00a3m Underlying\u20021 \u00a3m Statutory \u00a3m Underlying  1 \u00a3m Interest receivable 35\u2002 35\u2002 7  7  Net fair value gains on foreign currency contracts \u2013\u2002 \u2013\u2002 80  \u2013  Net fair value gains on non-hedge accounted interest rate swaps  2 190\u2002 \u2013\u2002 \u2013  \u2013  Net fair value gains on commodity contracts 106\u2002 \u2013 63 \u2013  Financing on post-retirement scheme surpluses 24\u2002 \u2013 17 \u2013  Net foreign exchange gains  \u2013\u2002 \u2013\u2002 62  \u2013  Realised net gains on closing over-hedged position  3 \u2013\u2002 \u2013\u2002 \u2013  6  Unrealised net gains on closing over-hedged position  3 \u2013\u2002 \u2013\u2002 \u2013  8  Financing\u2002income 355\u2002 35\u2002 229  21  Interest payable (343) (320) (252) (262) Net fair value losses on foreign currency contracts (1,875) \u2013 (681) \u2013  Foreign exchange differences and changes in forecast payments relating to  financial RRSAs (7) \u2013 (7) \u2013 Financing on post-retirement scheme deficits (26) \u2013 (20) \u2013 Net foreign exchange losses (358) \u2013 \u2013  \u2013  Cost of undrawn facilities (61) (61) (62) (62) Other financing charges (105) (100) (70) (75) Financing\u2002costs (2,775) (481) (1,092) (399) Net\u2002financing\u2002costs (2,420) (446) (863) (378) Analysed\u2002as: Net interest payable (308) (285) (245) (255) Net fair value (losses)/gains on derivative contracts (1,579) \u2013 (538) 14  Net post-retirement scheme financing (2) \u2013 (3) \u2013 Net foreign exchange (losses)/gains (358) \u2013 62  \u2013  Net other financing (173) (161) (139) (137) Net\u2002financing\u2002costs (2,420) (446) (863) (378) 1  See note 2 for definition of underlying result 2  The consolidated income statement shows the net fair value gain/(loss) on any interest rate swaps not designated into hedging relationships for accounting purposes. Underlying  financing reclassifies the fair value movements on these interest rate swaps to net interest payable 3  In 2020, the Group took action to reduce the size of the USD hedge book by $11.8bn across 2020-2026, resulting in an underlying charge of \u00a31,689m at 31 December 2020. In 2021, this  estimate was updated to reflect the actual cash settlement cost of \u00a31,674m and resulted in a \u00a315m gain to underlying finance costs in the year to 31 December 2021. The cash settlement  costs of \u00a31,674m covers the period 2020-2026, \u00a3326m was incurred in the year to 31 December 2022 (2021: \u00a3452m, 2020: \u00a3186m). The Group estimates that future cash outflows of \u00a3389m  will be incurred in 2023 and \u00a3321m spread over 2024-2026 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-822": {
   "value": "4\u2002 Net\u2002financing 2022 2021 Statutory \u00a3m Underlying\u20021 \u00a3m Statutory \u00a3m Underlying  1 \u00a3m Interest receivable 35\u2002 35\u2002 7  7  Net fair value gains on foreign currency contracts \u2013\u2002 \u2013\u2002 80  \u2013  Net fair value gains on non-hedge accounted interest rate swaps  2 190\u2002 \u2013\u2002 \u2013  \u2013  Net fair value gains on commodity contracts 106\u2002 \u2013 63 \u2013  Financing on post-retirement scheme surpluses 24\u2002 \u2013 17 \u2013  Net foreign exchange gains  \u2013\u2002 \u2013\u2002 62  \u2013  Realised net gains on closing over-hedged position  3 \u2013\u2002 \u2013\u2002 \u2013  6  Unrealised net gains on closing over-hedged position  3 \u2013\u2002 \u2013\u2002 \u2013  8  Financing\u2002income 355\u2002 35\u2002 229  21  Interest payable (343) (320) (252) (262) Net fair value losses on foreign currency contracts (1,875) \u2013 (681) \u2013  Foreign exchange differences and changes in forecast payments relating to  financial RRSAs (7) \u2013 (7) \u2013 Financing on post-retirement scheme deficits (26) \u2013 (20) \u2013 Net foreign exchange losses (358) \u2013 \u2013  \u2013  Cost of undrawn facilities (61) (61) (62) (62) Other financing charges (105) (100) (70) (75) Financing\u2002costs (2,775) (481) (1,092) (399) Net\u2002financing\u2002costs (2,420) (446) (863) (378) Analysed\u2002as: Net interest payable (308) (285) (245) (255) Net fair value (losses)/gains on derivative contracts (1,579) \u2013 (538) 14  Net post-retirement scheme financing (2) \u2013 (3) \u2013 Net foreign exchange (losses)/gains (358) \u2013 62  \u2013  Net other financing (173) (161) (139) (137) Net\u2002financing\u2002costs (2,420) (446) (863) (378) 1  See note 2 for definition of underlying result 2  The consolidated income statement shows the net fair value gain/(loss) on any interest rate swaps not designated into hedging relationships for accounting purposes. Underlying  financing reclassifies the fair value movements on these interest rate swaps to net interest payable 3  In 2020, the Group took action to reduce the size of the USD hedge book by $11.8bn across 2020-2026, resulting in an underlying charge of \u00a31,689m at 31 December 2020. In 2021, this  estimate was updated to reflect the actual cash settlement cost of \u00a31,674m and resulted in a \u00a315m gain to underlying finance costs in the year to 31 December 2021. The cash settlement  costs of \u00a31,674m covers the period 2020-2026, \u00a3326m was incurred in the year to 31 December 2022 (2021: \u00a3452m, 2020: \u00a3186m). The Group estimates that future cash outflows of \u00a3389m  will be incurred in 2023 and \u00a3321m spread over 2024-2026 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-789": {
   "value": "<div class=\"t m0 h2a ffc5 fs11 fc1 sc0 ls246 ws128\" style=\"left:330.7017px; bottom:970.661px;\">5\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>axation<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls54 ws81\" style=\"left:364.4355px; bottom:943.45996px;\">UK<span class=\"_ _25b\"> </span><span class=\"ls11e ws147\">Overseas<span class=\"_ _172\"> </span><span class=\"ls219 ws269\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:344.1951px; bottom:926.7582px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:354.1395px; bottom:916.25745px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:418.4397px; bottom:926.7582px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:425.262px; bottom:916.25745px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:488.86407px; bottom:926.7582px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:496.85925px; bottom:916.25745px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:562.9818px; bottom:926.7582px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:570.6618px; bottom:916.25745px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:633.4494px; bottom:926.7582px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:642.17957px; bottom:916.25745px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:708.4656px; bottom:926.7582px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:714.86804px; bottom:916.25745px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:899.27905px;\">Curr<span class=\"_ _3\"></span>ent tax charge <span class=\"_ _3\"></span>for the y<span class=\"_ _3\"></span>ear<span class=\"_ _66\"> </span><span class=\"ffc7 ls3 ws3\">18 <span class=\"_ _1b5\"> </span><span class=\"ffc8\">17 <span class=\"_ _1a\"> </span></span><span class=\"ls6e ws9b\">159<span class=\"_ _0\"></span> <span class=\"_ _2b\"> </span></span></span><span class=\"ls74 wsa2\">1<span class=\"_ _0\"></span>51 <span class=\"_ _85\"> </span><span class=\"ffc7 ls3 ws3\">17<span class=\"_ _0\"></span>7 <span class=\"_ _1a\"> </span><span class=\"ffc8\">16<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span><span class=\"ls74 wsa2\"><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:882.29913px;\">Adjustments in <span class=\"_ _3\"></span>respect <span class=\"_ _3\"></span>of prior year<span class=\"_ _3\"></span>s<span class=\"_ _13f\"> </span><span class=\"ffc7 lsb5 ws9a\">(5)<span class=\"_ _65\"> </span></span><span class=\"ls3 ws3\">2 <span class=\"_ _be\"> </span><span class=\"ffc7 ls6c ws99\">(8)<span class=\"_ _1b5\"> </span></span>12 <span class=\"_ _2b\"> </span><span class=\"ffc7 ls6d wscb\">(<span class=\"_ _0\"></span>13)<span class=\"_ _57\"> </span></span>14<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc5 fse fc2 sc0 ls5c ws8a\" style=\"bottom:865.3191px;\">Curr<span class=\"_ _3\"></span>ent\u2002tax<span class=\"_ _25c\"> </span><span class=\"ffc7 ls6e ws9b\">13 <span class=\"_ _58\"> </span><span class=\"ffc8 ls3 ws3\">19 <span class=\"_ _ae\"> </span></span></span><span class=\"ffc7\">1<span class=\"_ _0\"></span>51 <span class=\"_ _1a\"> </span><span class=\"ffc8 ls3 ws3\">1<span class=\"_ _0\"></span>63 <span class=\"_ _1a\"> </span><span class=\"ffc7\">164 <span class=\"_ _85\"> </span></span>182<span class=\"_ _351\"> </span></span></span><span class=\"ffc7\"><span class=\"ffc8 ls3 ws3\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:831.35913px;\">Deferr<span class=\"_ _3\"></span>ed tax cr<span class=\"_ _f\"></span>edit for the <span class=\"_ _3\"></span>year<span class=\"_ _25d\"> </span><span class=\"ffc7 ls68 ws95\">(42<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _86\"> </span><span class=\"ffc6 ls6b ws98\">(1<span class=\"_ _0\"></span>73)<span class=\"_ _ae\"> </span></span><span class=\"ls63 ws90\">(6<span class=\"_ _0\"></span>1)<span class=\"_ _62\"> </span><span class=\"ffc6 ls3 ws3\">(59)<span class=\"_ _67\"> </span></span></span>(48<span class=\"_ _2\"></span>8)<span class=\"_ _71\"> </span><span class=\"ffc6 ls6b ws98\">(2<span class=\"_ _0\"></span>32)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:814.3791px;\">Adjustments in <span class=\"_ _3\"></span>respect <span class=\"_ _3\"></span>of prior year<span class=\"_ _3\"></span>s<span class=\"_ _108\"> </span><span class=\"ffc7 ls3 ws3\">4 <span class=\"_ _84\"> </span><span class=\"ffc6 ls65 ws92\">(1 5)<span class=\"_ _1b5\"> </span></span>12 <span class=\"_ _85\"> </span><span class=\"ffc6 ls80 wsae\">(26)<span class=\"_ _58\"> </span></span>16 <span class=\"_ _c8\"> </span><span class=\"ffc6 ls74 wsa2\">(41)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls8e wsbb\" style=\"bottom:797.3991px;\">Deferr<span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>tax cr<span class=\"_ _f\"></span>edit r<span class=\"_ _f\"></span>esulting fr<span class=\"_ _f\"></span>om an <span class=\"_ _f\"></span>increase <span class=\"_ _f\"></span>in UK tax <span class=\"_ _f\"></span>rate<span class=\"_ _11e\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _72\"> </span><span class=\"ffc6 ls6b ws98\">(327<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _aa\"> </span><span class=\"ffc6 ls6b ws98\">(<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>7)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h25 ffc5 fse fc2 sc0 ls5c ws8a\" style=\"bottom:780.4191px;\">Deferr<span class=\"_ _3\"></span>ed\u2002tax<span class=\"_ _209\"> </span><span class=\"ffc7 ls68 ws95\">(42<span class=\"_ _0\"></span>3)<span class=\"_ _73\"> </span><span class=\"ffc6 ls74 wsa2\">(<span class=\"_ _0\"></span>515 )<span class=\"_ _85\"> </span></span>(49<span class=\"_ _0\"></span>)<span class=\"_ _85\"> </span><span class=\"ffc6 ls65 ws92\">(85)<span class=\"_ _72\"> </span></span>(47<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _99\"> </span><span class=\"ffc6 ls80 wsae\">(6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc5 fse fc2 sc0 ls5c ws8a\" style=\"bottom:746.90314px;\">(Credited)/<span class=\"_ _f\"></span>charged\u2002in\u2002the\u2002income\u2002statement<span class=\"_ _47\"> </span><span class=\"ffc7 ls68 ws95\">(41<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _21\"> </span><span class=\"ffc6 ls74 wsa2\">(49<span class=\"_ _2\"></span>6)<span class=\"_ _1a\"> </span></span><span class=\"ls3 ws3\">102 <span class=\"_ _c8\"> </span><span class=\"ffc8\">7<span class=\"_ _0\"></span>8 <span class=\"_ _7f\"> </span></span><span class=\"ls6c ws99\">(30<span class=\"_ _0\"></span>8)<span class=\"_ _83\"> </span><span class=\"ffc6 ls74 wsa2\">(41<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span></div><div class=\"t m0 h15 ffc9 fsc fc1 sc0 ls6f ws9c\" style=\"bottom:709.9815px;\">Other ta<span class=\"_ _3\"></span>x cr<span class=\"_ _3\"></span>edits/(charges)<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls199 ws1cc\" style=\"left:433.83972px; bottom:697.78033px;\">OCI<span class=\"_ _1f8\"> </span><span class=\"ffc5 ls120 ws149\">Equity<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls1a6 ws1d8\" style=\"left:297.2064px; bottom:681.0786px;\">It<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s\u2002th<span class=\"_ _0\"></span>at\u2002w<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>l\u2002no<span class=\"_ _0\"></span>t\u2002be\u2002r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d<span class=\"_ _3e\"> </span><span class=\"lsd9 ws104\">It<span class=\"_ _0\"></span>ems\u2002t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t\u2002wil<span class=\"_ _0\"></span>l\u2002be\u2002re<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span></span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:633.4494px; bottom:664.37683px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:642.17957px; bottom:653.8761px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:708.4656px; bottom:664.37683px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:714.86804px; bottom:653.8761px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:344.1951px; bottom:664.37683px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:354.1395px; bottom:653.8761px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:418.4397px; bottom:664.37683px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:425.262px; bottom:653.8761px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:488.86407px; bottom:664.37683px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:496.85925px; bottom:653.8761px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:562.9818px; bottom:664.37683px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:570.6618px; bottom:653.8761px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h1d ffc5 fse fc2 sc0 ls5c ws8a\" style=\"bottom:636.8985px;\">Deferr<span class=\"_ _3\"></span>ed\u2002tax:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:619.9185px;\">Movement in <span class=\"_ _3\"></span>post-retir<span class=\"_ _f\"></span>ement schemes<span class=\"_ _31\"> </span><span class=\"ffc7 ls3 ws3\">8<span class=\"_ _0\"></span>9 <span class=\"_ _85\"> </span><span class=\"ffc6\">(7 9)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:602.93854px;\">Cash flow h<span class=\"_ _3\"></span>edge<span class=\"_ _25e\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _57\"> </span></span>12 <span class=\"_ _bb\"> </span><span class=\"ffc6\">(2)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:585.9585px;\">Net investment <span class=\"_ _3\"></span>hedge<span class=\"_ _77\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>2 <span class=\"_ _1b5\"> </span><span class=\"ffc6 ls6b ws98\">(3)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:568.9785px;\">Shar<span class=\"_ _3\"></span>e-based payments \u2013 <span class=\"_ _3\"></span>direct <span class=\"_ _3\"></span>to equity<span class=\"_ _166\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _ed\"> </span></span>1 <span class=\"_ _be\"> </span><span class=\"ffc8\">17<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc5 fse fc2 sc0 ls5c ws8a\" style=\"bottom:552.4425px;\">Other\u2002tax\u2002cr<span class=\"_ _3\"></span>edits/(charges)<span class=\"_ _8d\"> </span><span class=\"ffc7 ls3 ws3\">89 <span class=\"_ _85\"> </span><span class=\"ffc6\">(<span class=\"_ _0\"></span>79)<span class=\"_ _57\"> </span></span><span class=\"ls62 ws8f\">14 <span class=\"_ _1b5\"> </span><span class=\"ffc6 ls65 ws92\">(5)<span class=\"_ _ed\"> </span></span></span>1 <span class=\"_ _bb\"> </span><span class=\"ffc8\">17<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h15 ffc9 fsc fc1 sc0 ls6f ws9c\" style=\"bottom:515.52045px;\">T<span class=\"_ _f\"></span>ax <span class=\"_ _3\"></span>reconcilia<span class=\"_ _3\"></span>tion on con<span class=\"_ _3\"></span>tinuing opera<span class=\"_ _3\"></span>tions<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:633.4494px; bottom:503.31946px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:642.17957px; bottom:492.81873px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:708.4656px; bottom:503.31946px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:714.86804px; bottom:492.81873px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:475.8396px;\">Loss befor<span class=\"_ _f\"></span>e taxation fr<span class=\"_ _3\"></span>om continuing <span class=\"_ _3\"></span>operations<span class=\"_ _25f\"> </span><span class=\"ffc7 ls63 ws90\">(1,<span class=\"_ _2\"></span>502)<span class=\"_ _67\"> </span><span class=\"ffc6 ls60 ws8d\">(2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:458.85962px;\">Less shar<span class=\"_ _f\"></span>e of r<span class=\"_ _3\"></span>esults of joint <span class=\"_ _3\"></span>ventur<span class=\"_ _3\"></span>es and associates <span class=\"_ _3\"></span>(note 12)<span class=\"_ _260\"> </span><span class=\"ffc7 ls63 ws90\">(9)<span class=\"_ _15a\"> </span><span class=\"ffc6 ls3 ws3\">(2<span class=\"_ _0\"></span>2)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:441.87964px;\">Loss befor<span class=\"_ _f\"></span>e taxation fr<span class=\"_ _3\"></span>om continuing <span class=\"_ _3\"></span>operations ex<span class=\"_ _3\"></span>cluding joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _76\"> </span><span class=\"ffc7\">(1,<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>1)<span class=\"_ _83\"> </span><span class=\"ffc6 ls73 wsa1\">(316<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:407.91962px;\">Nominal tax <span class=\"_ _3\"></span>credit <span class=\"_ _3\"></span>at UK corpor<span class=\"_ _3\"></span>ation tax r<span class=\"_ _3\"></span>ate 19% (2021: <span class=\"_ _3\"></span>19%)<span class=\"_ _42\"> </span><span class=\"ffc7 ls77 wsa5\">(28<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _26\"> </span><span class=\"ffc6 ls80 wsae\">(6<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:390.93964px;\">UK tax r<span class=\"_ _f\"></span>ate differenti<span class=\"_ _3\"></span>al<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:120.706955px; bottom:394.93604px;\">1<span class=\"_ _351\"> </span></div><div class=\"t m0 h25 ffc7 fse fc2 sc0 ls63 ws90\" style=\"left:637.674px; bottom:390.94006px;\">(69)<span class=\"_ _85\"> </span><span class=\"ffc6 ls6b ws98\">(33<span class=\"_ _351\"> </span></span><span class=\"ffc6 ls6b ws98\">)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:373.96008px;\">Overseas r<span class=\"_ _3\"></span>ate differ<span class=\"_ _f\"></span>ences<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:138.20715px; bottom:377.95605px;\">2<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc7 fse fc2 sc0 ls3 ws3\" style=\"left:643.8348px; bottom:373.96008px;\">18 <span class=\"_ _c8\"> </span><span class=\"ffc8\">26<span class=\"_ _351\"> </span></span><span class=\"ffc8\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:356.98007px;\">Exempt gain <span class=\"_ _3\"></span>on disposal of <span class=\"_ _3\"></span>businesses<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:204.28604px; bottom:360.9762px;\">3<span class=\"_ _351\"> </span></div><div class=\"t m0 h25 ffc7 fse fc2 sc0 ls74 wsa2\" style=\"left:640.6284px; bottom:356.98022px;\">(14)<span class=\"_ _84\"> </span><span class=\"ffc6 ls65 ws92\">(15)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:340.0002px;\">R&amp;D cr<span class=\"_ _f\"></span>edits<span class=\"_ _235\"> </span><span class=\"ffc7 lsa9 wsd6\">(7)<span class=\"_ _7b\"> </span><span class=\"ffc6 ls80 wsae\">(1<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:323.0202px;\">Other permanent diff<span class=\"_ _3\"></span>erences<span class=\"_ _261\"> </span><span class=\"ffc7 ls3 ws3\">23 <span class=\"_ _be\"> </span><span class=\"ffc8\">13<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:306.04022px;\">Benefit to <span class=\"_ _3\"></span>deferred <span class=\"_ _3\"></span>tax fr<span class=\"_ _3\"></span>om pr<span class=\"_ _f\"></span>eviously unrecognised <span class=\"_ _3\"></span>tax losses and <span class=\"_ _3\"></span>temporary diff<span class=\"_ _3\"></span>erences<span class=\"_ _351\"> </span> <span class=\"_ _3\"></span></div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:479.9427px; bottom:310.03635px;\">4<span class=\"_ _351\"> </span></div><div class=\"t m0 h25 ffc7 fse fc2 sc0 ls74 wsa2\" style=\"left:633.4494px; bottom:306.04037px;\">(13<span class=\"_ _0\"></span>4)<span class=\"_ _15a\"> </span><span class=\"ffc6\">(47<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:289.06036px;\">T<span class=\"_ _3\"></span>ax losses and <span class=\"_ _3\"></span>other tempor<span class=\"_ _3\"></span>ary differ<span class=\"_ _3\"></span>ences not r<span class=\"_ _f\"></span>ecognised in defer<span class=\"_ _3\"></span>red <span class=\"_ _3\"></span>tax<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:394.5534px; bottom:293.05637px;\">5<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc7 fse fc2 sc0 ls6e ws9b\" style=\"left:637.674px; bottom:289.06036px;\">159 <span class=\"_ _c8\"> </span><span class=\"ffc8 ls3 ws3\">62<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:272.08035px;\">Adjustments in <span class=\"_ _3\"></span>respect <span class=\"_ _3\"></span>of prior year<span class=\"_ _3\"></span>s<span class=\"_ _1dd\"> </span><span class=\"ffc7 ls3 ws3\">3 <span class=\"_ _7b\"> </span><span class=\"ffc6\">(2<span class=\"_ _0\"></span>7 )<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:255.10037px;\">Incr<span class=\"_ _3\"></span>ease in closing <span class=\"_ _3\"></span>deferr<span class=\"_ _3\"></span>ed taxes <span class=\"_ _3\"></span>resulting <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>a change in <span class=\"_ _3\"></span>the UK tax <span class=\"_ _3\"></span>rate<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:403.75934px; bottom:259.09665px;\">6<span class=\"_ _351\"> </span></div><div class=\"t m0 h25 ffc7 fse fc2 sc0 ls3 ws3\" style=\"left:649.17914px; bottom:255.10052px;\">\u2013 <span class=\"_ _71\"> </span><span class=\"ffc6 ls6b ws98\">(32<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h25 ffc7 fse fc2 sc0 ls6c ws99\" style=\"left:629.4235px; bottom:238.56451px;\">(30<span class=\"_ _0\"></span>8)<span class=\"_ _83\"> </span><span class=\"ffc6 ls74 wsa2\">(41<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:221.40451px;\">Underlying items <span class=\"_ _3\"></span>(note 2)<span class=\"_ _262\"> </span><span class=\"ffc7 ls3 ws3\">48 <span class=\"_ _c8\"> </span><span class=\"ffc8\">26<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:204.4245px;\">Non-underlying items<span class=\"_ _263\"> </span><span class=\"ffc7 ls60 ws8d\">(356)<span class=\"_ _67\"> </span><span class=\"ffc6 ls1af ws20e\">(<span class=\"_ _f\"></span>444<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls60 ws8d\"><span class=\"ffc6 ls1af ws20e\">)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h25 ffc7 fse fc2 sc0 ls6c ws99\" style=\"left:629.4235px; bottom:187.88852px;\">(30<span class=\"_ _0\"></span>8)<span class=\"_ _83\"> </span><span class=\"ffc6 ls74 wsa2\">(41<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h15 ffc9 fsc fc1 sc0 ls6f ws9c\" style=\"bottom:150.97412px;\">T<span class=\"_ _f\"></span>ax <span class=\"_ _3\"></span>on discon<span class=\"_ _3\"></span>tinued operations<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:633.4494px; bottom:138.7731px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:642.17957px; bottom:128.27237px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:708.4656px; bottom:138.7731px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:714.86804px; bottom:128.27237px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:111.29326px;\">T<span class=\"_ _3\"></span>ax charge/(cr<span class=\"_ _3\"></span>edit) on pr<span class=\"_ _f\"></span>ofit/(loss) befor<span class=\"_ _3\"></span>e taxation fr<span class=\"_ _f\"></span>om discontinued oper<span class=\"_ _3\"></span>ations <span class=\"_ _264\"> </span><span class=\"ffc7 ls3 ws3\">10 <span class=\"_ _85\"> </span><span class=\"ffc6 ls60 ws8d\">(3<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:94.31326px;\">T<span class=\"_ _3\"></span>ax cr<span class=\"_ _3\"></span>edit on di<span class=\"_ _3\"></span>sposal of discontinued <span class=\"_ _3\"></span>operations <span class=\"_ _20c\"> </span><span class=\"ffc7 ls77 wsa5\">(31)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h25 ffc7 fse fc2 sc0 ls77 wsa5\" style=\"left:640.6284px; bottom:77.77727px;\">(21)<span class=\"_ _85\"> </span><span class=\"ffc6 ls60 ws8d\">(3<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:57.352066px;\">1<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:54.355057px;\">The UK tax <span class=\"_ _3\"></span>rate differ<span class=\"_ _3\"></span>ential arises on <span class=\"_ _3\"></span>the differ<span class=\"_ _3\"></span>ence between the defer<span class=\"_ _3\"></span>red tax <span class=\"_ _3\"></span>rate and the <span class=\"_ _3\"></span>statutory tax rate<span class=\"_ _351\"> </span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:46.852066px;\">2<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws3\" style=\"left:7.978348px; bottom:43.855057px;\">Overseas rate differ<span class=\"_ _f\"></span>ences mainly relate to tax on profits or losses in countries s<span class=\"_ _3\"></span>uch as the US and Germany<span class=\"_ _f\"></span>, which have higher tax rates than the UK<span class=\"_ _351\"> </span> </div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:36.352066px;\">3<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:33.355057px;\">The exempt <span class=\"_ _3\"></span>gain mainly r<span class=\"_ _3\"></span>elates to the di<span class=\"_ _3\"></span>sposal of Airtanker Holding<span class=\"_ _3\"></span>s Ltd. The 2021 <span class=\"_ _3\"></span>exempt gain r<span class=\"_ _f\"></span>elates to the disposal of <span class=\"_ _3\"></span>the Civil Nuclear Instrumentation <span class=\"_ _3\"></span>and Contr<span class=\"_ _3\"></span>ols business<span class=\"_ _351\"> </span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:25.852066px;\">4<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:22.855057px;\">Benefit to defer<span class=\"_ _3\"></span>red tax <span class=\"_ _3\"></span>from pr<span class=\"_ _3\"></span>eviously unr<span class=\"_ _3\"></span>ecognised tax losses and <span class=\"_ _3\"></span>temporary differ<span class=\"_ _f\"></span>ences mainly relates <span class=\"_ _3\"></span>to for<span class=\"_ _3\"></span>eign exchange derivativ<span class=\"_ _3\"></span>es<span class=\"_ _351\"> </span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:15.352066px;\">5<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:12.355057px;\">T<span class=\"_ _3\"></span>ax losses and other <span class=\"_ _3\"></span>temporary differ<span class=\"_ _3\"></span>ences not r<span class=\"_ _f\"></span>eco<span class=\"_ _0\"></span>gnised mainly r<span class=\"_ _f\"></span>elate to the UK<span class=\"_ _351\"> </span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:4.852066px;\">6<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:1.8550568px;\">The 2021 tax <span class=\"_ _3\"></span>credit arising <span class=\"_ _3\"></span>on the change in <span class=\"_ _3\"></span>the UK tax r<span class=\"_ _3\"></span>ate r<span class=\"_ _3\"></span>epresents the <span class=\"_ _3\"></span>impact of r<span class=\"_ _3\"></span>e-measurement <span class=\"_ _3\"></span>of the UK deferr<span class=\"_ _f\"></span>ed tax asset balances fr<span class=\"_ _3\"></span>om 19% to <span class=\"_ _3\"></span>25%<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffc5 fs11 fc1 sc0 ls46 ws70\" style=\"left:289.04025px; bottom:976.8329px;\">5\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>axation\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffc9 fsc fc1 sc0 ls6f ws9c\" style=\"bottom:945.3329px;\">Deferred <span class=\"_ _3\"></span>taxa<span class=\"_ _3\"></span>tion as<span class=\"_ _f\"></span>se<span class=\"_ _0\"></span>ts and <span class=\"_ _3\"></span>liabilities<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:633.4494px; bottom:933.13184px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:642.17957px; bottom:922.6311px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:708.4656px; bottom:933.13184px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:714.86804px; bottom:922.6311px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:905.652px;\">At 31 <span class=\"_ _3\"></span>December (as pr<span class=\"_ _f\"></span>eviously reported)<span class=\"_ _265\"> </span>1<span class=\"_ _0\"></span>,79<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _6c\"> </span><span class=\"ls6b ws98\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>32<span class=\"_ _351\"> </span></span><span class=\"ls6b ws98\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:888.672px;\">Adoption of <span class=\"_ _3\"></span>amendment to IAS <span class=\"_ _3\"></span>37<span class=\"_ _1e0\"> </span><span class=\"ffc6 ls80 wsae\">(6)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:871.69196px;\">At 1 <span class=\"_ _3\"></span>January<span class=\"_ _1d7\"> </span><span class=\"ffc7\">1,7<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span> <span class=\"_ _6c\"> </span></span><span class=\"ls6b ws98\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>32<span class=\"_ _351\"> </span></span><span class=\"ls6b ws98\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:854.712px;\">Amount cr<span class=\"_ _f\"></span>edited to income statement<span class=\"_ _266\"> </span><span class=\"ffc7 ls3 ws3\">495 <span class=\"_ _83\"> </span><span class=\"ffc8\">63<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:837.732px;\">Amount cr<span class=\"_ _f\"></span>edited/(charged) to OCI<span class=\"_ _1c1\"> </span><span class=\"ffc7 ls3 ws3\">91 <span class=\"_ _15a\"> </span><span class=\"ffc6 ls62 ws8f\">(82<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:820.752px;\">Amount cr<span class=\"_ _f\"></span>edited/(charged) to hedging r<span class=\"_ _f\"></span>eserves<span class=\"_ _20c\"> </span><span class=\"ffc7 ls3 ws3\">12 <span class=\"_ _b6\"> </span><span class=\"ffc6\">(2<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc6\">)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:803.772px;\">Amount cr<span class=\"_ _f\"></span>edited to equity<span class=\"_ _267\"> </span><span class=\"ffc7 ls3 ws3\">1 <span class=\"_ _1b5\"> </span><span class=\"ffc8\">17<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:786.792px;\">On disposal <span class=\"_ _3\"></span>of businesses<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:151.11134px; bottom:790.78845px;\">1<span class=\"_ _351\"> </span></div><div class=\"t m0 h25 ffc7 fse fc2 sc0 ls3 ws3\" style=\"left:642.17957px; bottom:786.7924px;\">28 <span class=\"_ _bb\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _351\"> </span></span><span class=\"ffc6 ls74 wsa2\">)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:769.81244px;\">T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span> <span class=\"_ _3\"></span></div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:193.2255px; bottom:773.8086px;\">2<span class=\"_ _351\"> </span></div><div class=\"t m0 h25 ffc7 fse fc2 sc0 ls3 ws3\" style=\"left:649.17914px; bottom:769.81256px;\">\u2013 <span class=\"_ _85\"> </span><span class=\"ffc6 ls65 ws92\">(8 5)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:752.8326px;\">Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _1c7\"> </span><span class=\"ffc7 ls3 ws3\">26 <span class=\"_ _c8\"> </span><span class=\"ffc6 ls60 ws8d\">(14<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc6 ls60 ws8d\">)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:736.2966px;\">At 31 <span class=\"_ _3\"></span>December<span class=\"_ _22e\"> </span><span class=\"ffc7 ls3 ws3\">2<span class=\"_ _2\"></span>,4<span class=\"_ _0\"></span>45 <span class=\"_ _99\"> </span></span>1<span class=\"_ _0\"></span>,79<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:719.1366px;\">Deferr<span class=\"_ _3\"></span>ed tax assets <span class=\"_ _a1\"> </span><span class=\"ffc7\">2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>31 <span class=\"_ _5e\"> </span></span><span class=\"ls62 ws8f\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>249<span class=\"_ _351\"> </span></span><span class=\"ls62 ws8f\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:702.1566px;\">Deferr<span class=\"_ _3\"></span>ed tax liabilities<span class=\"_ _263\"> </span><span class=\"ffc7 ls77 wsa5\">(2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6)<span class=\"_ _73\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>51)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc7 fse fc2 sc0 ls3 ws3\" style=\"left:624.35474px; bottom:685.6206px;\">2<span class=\"_ _0\"></span>,4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5 <span class=\"_ _6c\"> </span><span class=\"ffc8 ls5c ws8a\">1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls5c ws8a\"> </span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:665.2032px;\">1<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls5c ws8a\" style=\"left:7.978348px; bottom:662.2062px;\">The 2022 <span class=\"_ _3\"></span>deferred <span class=\"_ _3\"></span>tax relates <span class=\"_ _3\"></span>to the disposal <span class=\"_ _3\"></span>of ITP A<span class=\"_ _3\"></span>ero. The <span class=\"_ _3\"></span>2021 deferr<span class=\"_ _3\"></span>ed tax r<span class=\"_ _f\"></span>elates to the disposal <span class=\"_ _3\"></span>of Bergen Engines <span class=\"_ _3\"></span>AS and the <span class=\"_ _3\"></span>Civil Nuclear Instrumentation <span class=\"_ _3\"></span>and Contr<span class=\"_ _3\"></span>ol business<span class=\"_ _351\"> </span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:654.7032px;\">2<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:651.7062px;\">The 2021 defer<span class=\"_ _3\"></span>red tax <span class=\"_ _3\"></span>transferr<span class=\"_ _3\"></span>ed to assets held f<span class=\"_ _3\"></span>or sale r<span class=\"_ _3\"></span>elates to ITP Aer<span class=\"_ _f\"></span>o<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:621.7062px;\">The ana<span class=\"_ _0\"></span>lysi<span class=\"_ _0\"></span>s of the defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d tax p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls22a ws233\" style=\"left:223.3407px; bottom:602.0052px;\">At\u200231<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls183 ws1b7\" style=\"left:198.17221px; bottom:591.50446px;\">December<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls22a ws233\" style=\"left:182.90564px; bottom:581.00366px;\">(as\u2002prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>sly<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls184 ws1b6\" style=\"left:201.09479px; bottom:570.5029px;\">reported<span class=\"_ _3\"></span>)<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls235 ws2a7\" style=\"left:230.04419px; bottom:560.0022px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls183 ws1b7\" style=\"left:247.81769px; bottom:591.50446px;\">On\u2002adoption<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls6a ws97\" style=\"left:293.2893px; bottom:581.00366px;\">of<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsd9 ws104\" style=\"left:251.48114px; bottom:570.5029px;\">amendment<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls22a ws233\" style=\"left:264.40424px; bottom:560.0022px;\">to\u2002IA<span class=\"_ _0\"></span>S\u200237<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls22a ws233\" style=\"left:339.54135px; bottom:581.00366px;\">At\u20021\u2002</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsbf wsec\" style=\"left:319.4298px; bottom:570.5029px;\">Januar<span class=\"_ _0\"></span>y\u2002</div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls235 ws2a7\" style=\"left:341.6925px; bottom:560.0022px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls6a ws97\" style=\"left:358.95224px; bottom:591.50446px;\">Recognised<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls22a ws233\" style=\"left:367.03006px; bottom:581.00366px;\">in\u2002in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls183 ws1b7\" style=\"left:365.5881px; bottom:570.5029px;\">statement<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls235 ws2a7\" style=\"left:395.97046px; bottom:560.0022px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls6a ws97\" style=\"left:412.7772px; bottom:581.00366px;\">Recognised<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls22a ws233\" style=\"left:433.83972px; bottom:570.5029px;\">in\u2002OC<span class=\"_ _0\"></span>I<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls235 ws2a7\" style=\"left:448.95178px; bottom:560.0022px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls6a ws97\" style=\"left:465.68042px; bottom:581.00366px;\">Recognised<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls22a ws233\" style=\"left:476.6001px; bottom:570.5029px;\">in\u2002eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls235 ws2a7\" style=\"left:502.17163px; bottom:560.0022px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsd9 ws104\" style=\"left:526.79px; bottom:591.50446px;\">Disposals<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls170 ws19a\" style=\"left:537.41144px; bottom:581.00366px;\">related<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls22a ws233\" style=\"left:536.1819px; bottom:570.5029px;\">activit<span class=\"_ _0\"></span>y<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls235 ws2a7\" style=\"left:554.6439px; bottom:560.0022px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsd9 ws104\" style=\"left:572.4315px; bottom:591.50446px;\">T<span class=\"_ _f\"></span>ransfe<span class=\"_ _0\"></span>rred\u2002</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls22a ws233\" style=\"left:590.6431px; bottom:581.00366px;\">to\u2002he<span class=\"_ _0\"></span>ld<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls22a ws233\" style=\"left:589.63574px; bottom:570.5029px;\">for\u2002s<span class=\"_ _0\"></span>ale<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls235 ws2a7\" style=\"left:608.6784px; bottom:560.0022px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls183 ws1b7\" style=\"left:632.12866px; bottom:581.00366px;\">Exchange<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsd9 ws104\" style=\"left:625.5816px; bottom:570.5029px;\">differences<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls235 ws2a7\" style=\"left:661.3749px; bottom:560.0022px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls22a ws233\" style=\"left:706.3641px; bottom:581.00366px;\">At\u200231<span class=\"_ _0\"></span>\u2002</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls183 ws1b7\" style=\"left:682.3251px; bottom:570.5029px;\">December<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls235 ws2a7\" style=\"left:714.86804px; bottom:560.0022px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h25 ffc7 fse fc2 sc0 ls5c ws8a\" style=\"bottom:543.0253px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:526.04535px;\">Intangible assets<span class=\"_ _268\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _72\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _10d\"> </span><span class=\"ffc7 ls68 ws95\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _56\"> </span></span><span class=\"ffc7\">29 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _99\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>)<span class=\"_ _a4\"> </span><span class=\"ls68 ws95\">(43<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:509.0653px;\">Pr<span class=\"_ _3\"></span>operty<span class=\"_ _3\"></span>, plant and <span class=\"_ _3\"></span>equipment<span class=\"_ _d2\"> </span><span class=\"ffc6 ls157 ws186\">193<span class=\"_ _6f\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _269\"> </span><span class=\"ffc7 ls7b wsaa\">193 <span class=\"_ _56\"> </span></span><span class=\"ffc7\">3<span class=\"_ _0\"></span>3 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7d\"> </span>6 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _68\"> </span><span class=\"ls77 wsa5\">(2)<span class=\"_ _10f\"> </span></span>2<span class=\"_ _0\"></span>30<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ffc7\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:492.08533px;\">Other temporary <span class=\"_ _3\"></span>differ<span class=\"_ _3\"></span>ences<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:154.14px; bottom:496.08148px;\">1<span class=\"_ _351\"> </span></div><div class=\"t m0 h25 ffc6 fse fc2 sc0 ls63 ws90\" style=\"left:225.64111px; bottom:492.0855px;\">47<span class=\"_ _0\"></span>1<span class=\"_ _67\"> </span><span class=\"ls80 wsae\">(6)<span class=\"_ _154\"> </span><span class=\"ffc7 ls3 ws3\">465 <span class=\"_ _74\"> </span><span class=\"ls6e ws9b\">133 <span class=\"_ _7d\"> </span></span></span></span><span class=\"ffc7\">(1)<span class=\"_ _67\"> </span><span class=\"ls3 ws3\">1 <span class=\"_ _269\"> </span>4<span class=\"_ _0\"></span>4 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _61\"> </span>8 <span class=\"_ _114\"> </span>650<span class=\"_ _351\"> </span></span></span><span class=\"ffc7\"><span class=\"ls3 ws3\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:475.10547px;\">Net contract <span class=\"_ _3\"></span>liabilities<span class=\"_ _170\"> </span><span class=\"ffc6 lsa9 wsd6\">73<span class=\"_ _64\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _157\"> </span><span class=\"ffc7\">73 <span class=\"_ _5e\"> </span><span class=\"ls63 ws90\">(9)<span class=\"_ _7f\"> </span></span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _95\"> </span>6<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ffc7\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:458.1255px;\">Pensions and <span class=\"_ _3\"></span>other post-<span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:443.1255px;\">r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme benefits<span class=\"_ _219\"> </span><span class=\"ffc6 ls80 wsae\">(1 4<span class=\"_ _0\"></span>0)<span class=\"_ _72\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _5d\"> </span><span class=\"ffc7 ls63 ws90\">(14<span class=\"_ _0\"></span>0)<span class=\"_ _2a\"> </span>(19<span class=\"_ _0\"></span>)<span class=\"_ _95\"> </span></span><span class=\"ffc7\">89 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _5e\"> </span><span class=\"ls6e ws9b\">13 <span class=\"_ _5a\"> </span><span class=\"ls6c ws99\">(57)<span class=\"_ _351\"> </span></span></span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:426.1455px;\">For<span class=\"_ _f\"></span>eign exchange <span class=\"_ _3\"></span>and commodity<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:411.1455px;\">financial assets <span class=\"_ _3\"></span>and liabilities<span class=\"_ _f2\"> </span><span class=\"ffc6 ls97 wsc4\">362<span class=\"_ _64\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _cc\"> </span><span class=\"ffc7 lsaa wsd7\">362 <span class=\"_ _10d\"> </span><span class=\"ls60 ws8d\">329 <span class=\"_ _5e\"> </span></span></span><span class=\"ffc7\">15 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _cc\"> </span><span class=\"ls77 wsa5\">(22)<span class=\"_ _7f\"> </span></span>\u2013 <span class=\"_ _7d\"> </span>9 <span class=\"_ _10f\"> </span><span class=\"ls7b wsaa\">6<span class=\"_ _0\"></span>93<span class=\"_ _351\"> </span></span></span></span><span class=\"ls3 ws3\"><span class=\"ffc7\"><span class=\"ls7b wsaa\"> </span></span></span></div><div class=\"t m0 h1a ffc6 fse fc2 sc0 ls5c ws8a\" style=\"bottom:394.16547px;\">Losses<span class=\"_ _12b\"> </span><span class=\"ffc8 ls90 wsbd\">1,085<span class=\"_ _64\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _9b\"> </span><span class=\"ffc7\">1<span class=\"_ _0\"></span>,08<span class=\"_ _0\"></span>5 <span class=\"_ _269\"> </span><span class=\"ls63 ws90\">(12)<span class=\"_ _61\"> </span></span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7d\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _149\"> </span><span class=\"ls6e ws9b\">1<span class=\"_ _0\"></span>,072<span class=\"_ _351\"> </span></span></span></span></span></span><span class=\"ffc8 ls90 wsbd\"><span class=\"ls3 ws3\"><span class=\"ffc7\"><span class=\"ls63 ws90\"><span class=\"ls6e ws9b\"> </span></span></span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:377.1855px;\">R&amp;D cr<span class=\"_ _f\"></span>edit<span class=\"_ _10a\"> </span><span class=\"ffc6 ls97 wsc4\">56<span class=\"_ _64\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _124\"> </span><span class=\"ffc7\">56 <span class=\"_ _6c\"> </span>11 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _56\"> </span>67<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ffc7\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:360.20547px;\">Advance corpor<span class=\"_ _3\"></span>ation tax<span class=\"_ _26a\"> </span><span class=\"ffc6 ls52 wse4\">162<span class=\"_ _64\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _269\"> </span><span class=\"ffc7\">1<span class=\"_ _0\"></span>62 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _6a\"> </span>1<span class=\"_ _0\"></span>62<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ffc7\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:215.91599px; bottom:343.2255px;\">1<span class=\"_ _0\"></span>,79<span class=\"_ _0\"></span>8<span class=\"_ _67\"> </span><span class=\"ffc6 ls80 wsae\">(6)<span class=\"_ _a5\"> </span></span><span class=\"ffc7\">1<span class=\"_ _2\"></span>,79<span class=\"_ _0\"></span>2 <span class=\"_ _9c\"> </span><span class=\"ls3 ws3\">49<span class=\"_ _0\"></span>5 <span class=\"_ _59\"> </span><span class=\"ls80 wsae\">1<span class=\"_ _0\"></span>03 <span class=\"_ _71\"> </span></span>1 <span class=\"_ _56\"> </span>28 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _269\"> </span>2<span class=\"_ _0\"></span>6 <span class=\"_ _53\"> </span>2<span class=\"_ _0\"></span>,4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span><span class=\"ffc7\"><span class=\"ls3 ws3\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:326.24548px;\">Recognised in:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:309.26547px;\">Continuing oper<span class=\"_ _3\"></span>ations<span class=\"_ _140\"> </span><span class=\"ffc7 ls83 wsb1\">472<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:292.7295px;\">Discontinued oper<span class=\"_ _3\"></span>ations<span class=\"_ _26b\"> </span><span class=\"ffc7 lsa9 wsd6\">23<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1d ffc6 fse fc2 sc0 ls5c ws8a\" style=\"bottom:275.5695px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:258.58948px;\">Intangible assets<span class=\"_ _201\"> </span><span class=\"ffc6 ls75 wsa3\">(567)<span class=\"_ _10f\"> </span><span class=\"ls6e ws9b\">(102<span class=\"_ _0\"></span>)<span class=\"_ _7f\"> </span></span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _5d\"> </span>1<span class=\"_ _0\"></span>88 <span class=\"_ _124\"> </span>1<span class=\"_ _0\"></span>7 <span class=\"_ _a4\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:241.6095px;\">Pr<span class=\"_ _3\"></span>operty<span class=\"_ _3\"></span>, plant and <span class=\"_ _3\"></span>equipment<span class=\"_ _f1\"> </span><span class=\"ls3 ws3\">34 <span class=\"_ _74\"> </span>14<span class=\"_ _0\"></span>5 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _92\"> </span>23 <span class=\"_ _124\"> </span><span class=\"ffc6 ls80 wsae\">(9)<span class=\"_ _5d\"> </span></span>193<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:224.62949px;\">Other temporary <span class=\"_ _3\"></span>differ<span class=\"_ _3\"></span>ences<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:154.14px; bottom:228.63434px;\">1<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:335.1216px; bottom:224.63834px;\">34<span class=\"_ _0\"></span>3 <span class=\"_ _6a\"> </span>18<span class=\"_ _0\"></span>5 <span class=\"_ _269\"> </span><span class=\"ffc6 ls64 ws91\">(12)<span class=\"_ _21\"> </span></span>\u2013 <span class=\"_ _124\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _154\"> </span>(49<span class=\"_ _0\"></span>)<span class=\"_ _7d\"> </span></span>8 <span class=\"_ _154\"> </span><span class=\"ls63 ws90\">47<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:207.65833px;\">Net contract <span class=\"_ _3\"></span>liabilities<span class=\"_ _26c\"> </span><span class=\"ls3 ws3\">56 <span class=\"_ _124\"> </span>17 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _92\"> </span>7<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:190.67834px;\">Pensions and <span class=\"_ _3\"></span>other post-<span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:175.67834px;\">r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme benefits<span class=\"_ _ef\"> </span><span class=\"ffc6 ls62 ws8f\">(8)<span class=\"_ _5a\"> </span><span class=\"ls74 wsa2\">(47<span class=\"_ _0\"></span>)<span class=\"_ _154\"> </span><span class=\"ls3 ws3\">(7<span class=\"_ _0\"></span>9)<span class=\"_ _7f\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _124\"> </span></span><span class=\"ls80 wsae\">(6)<span class=\"_ _10b\"> </span>(14<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:158.69833px;\">For<span class=\"_ _f\"></span>eign exchange <span class=\"_ _3\"></span>and commodity<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:143.69833px;\">financial assets <span class=\"_ _3\"></span>and liabilities<span class=\"_ _182\"> </span><span class=\"ls3 ws3\">187 <span class=\"_ _5d\"> </span>16<span class=\"_ _0\"></span>5 <span class=\"_ _7f\"> </span>7 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _71\"> </span>1 <span class=\"_ _61\"> </span>2 <span class=\"_ _10d\"> </span>36<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc6 fse fc2 sc0 ls5c ws8a\" style=\"bottom:126.71832px;\">Losses<span class=\"_ _189\"> </span><span class=\"ffc8 ls3 ws3\">850 <span class=\"_ _10d\"> </span>2<span class=\"_ _0\"></span>54 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _124\"> </span>17 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _154\"> </span></span><span class=\"ls6b ws98\">(33)<span class=\"_ _124\"> </span>(3)<span class=\"_ _24b\"> </span><span class=\"ffc8 ls90 wsbd\">1,085<span class=\"_ _351\"> </span></span></span><span class=\"ls6b ws98\"><span class=\"ffc8 ls90 wsbd\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:109.73834px;\">R&amp;D cr<span class=\"_ _f\"></span>edit<span class=\"_ _b9\"> </span><span class=\"lsce wsf8\">2<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span> <span class=\"_ _95\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>0 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _10d\"> </span><span class=\"ffc6 ls66 ws93\">(215<span class=\"_ _3\"></span>)<span class=\"_ _154\"> </span><span class=\"ls6b ws98\">(2<span class=\"_ _0\"></span>3)<span class=\"_ _95\"> </span><span class=\"ffc8 ls3 ws3\">56<span class=\"_ _351\"> </span></span></span></span></span></span><span class=\"lsce wsf8\"><span class=\"ls3 ws3\"><span class=\"ffc6 ls66 ws93\"><span class=\"ls6b ws98\"><span class=\"ffc8 ls3 ws3\"> </span></span></span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:92.75833px;\">Advance corpor<span class=\"_ _3\"></span>ation tax<span class=\"_ _26d\"> </span><span class=\"ls3 ws3\">16<span class=\"_ _0\"></span>3 <span class=\"_ _7d\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _7f\"> </span></span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _6a\"> </span>1<span class=\"_ _0\"></span>62<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls6b ws98\" style=\"left:328.05856px; bottom:75.778336px;\">1,<span class=\"_ _2\"></span>332 <span class=\"_ _10f\"> </span><span class=\"ls3 ws3\">6<span class=\"_ _0\"></span>36 <span class=\"_ _154\"> </span><span class=\"ffc6 ls60 ws8d\">(84)<span class=\"_ _124\"> </span></span>1<span class=\"_ _0\"></span>7 <span class=\"_ _124\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _154\"> </span><span class=\"ls65 ws92\">(8<span class=\"_ _0\"></span>5)<span class=\"_ _269\"> </span><span class=\"ls60 ws8d\">(1 4)<span class=\"_ _151\"> </span></span></span></span><span class=\"ls5c ws8a\">1<span class=\"_ _2\"></span>,79<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:58.79834px;\">Recognised in:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:41.81833px;\">Continuing oper<span class=\"_ _3\"></span>ations<span class=\"_ _4\"> </span><span class=\"ls3 ws3\">600<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:25.282333px;\">Discontinued oper<span class=\"_ _3\"></span>ations<span class=\"_ _26e\"> </span><span class=\"ls3 ws3\">36<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:4.8578796px;\">1<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws3\" style=\"left:7.978348px; bottom:1.860733px;\">Other temporary differ<span class=\"_ _3\"></span>ences mainly relate to the defer<span class=\"_ _3\"></span>ral of relief f<span class=\"_ _3\"></span>or interest expenses in the UK and r<span class=\"_ _3\"></span>evenue r<span class=\"_ _3\"></span>ecognised earlier under local GAAP compared to IFRS in Germany<span class=\"_ _351\"> </span></div><div class=\"t m0 h2a ffc5 fs11 fc1 sc0 ls46 ws70\" style=\"left:289.04025px; bottom:914.4833px;\">5\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>axation\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffc9 fsc fc1 sc0 ls6f ws9c\" style=\"bottom:882.9833px;\">Unr<span class=\"_ _3\"></span>ecognised deferred ta<span class=\"_ _3\"></span>x a<span class=\"_ _3\"></span>ssets<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:633.4494px; bottom:870.7822px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:642.17957px; bottom:860.2815px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:708.4656px; bottom:870.7822px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:714.86804px; bottom:860.2815px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:843.30237px;\">Advance corpor<span class=\"_ _3\"></span>ation tax<span class=\"_ _26f\"> </span><span class=\"ffc7 ls3 ws3\">19 <span class=\"_ _58\"> </span><span class=\"ffc8\">1<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:826.3224px;\">UK losses<span class=\"_ _15b\"> </span><span class=\"ffc7 ls3 ws3\">2<span class=\"_ _0\"></span>,04<span class=\"_ _0\"></span>0 <span class=\"_ _81\"> </span><span class=\"ffc8\">1,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>63<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:809.34235px;\">For<span class=\"_ _f\"></span>eign exchange <span class=\"_ _3\"></span>and commodity financial assets <span class=\"_ _3\"></span>and liabilities<span class=\"_ _178\"> </span><span class=\"ffc7 ls3 ws3\">218 <span class=\"_ _86\"> </span><span class=\"ffc8\">3<span class=\"_ _0\"></span>92<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:792.36237px;\">Losses and <span class=\"_ _3\"></span>other unr<span class=\"_ _3\"></span>ecognised deferr<span class=\"_ _f\"></span>ed tax assets<span class=\"_ _270\"> </span><span class=\"ffc7 ls3 ws3\">33 <span class=\"_ _75\"> </span><span class=\"ffc8\">73<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:775.82635px;\">Deferr<span class=\"_ _3\"></span>ed tax not <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>ecognised on unused <span class=\"_ _3\"></span>tax losses and <span class=\"_ _3\"></span>other items on <span class=\"_ _3\"></span>the basis th<span class=\"_ _3\"></span>at futur<span class=\"_ _3\"></span>e economic benefit<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:760.82635px;\">is uncertain<span class=\"_ _1d7\"> </span><span class=\"ffc7 ls77 wsa5\">2,<span class=\"_ _0\"></span>31<span class=\"_ _0\"></span>0<span class=\"_ _7d\"> </span></span><span class=\"ls63 ws90\">2,0<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws3\" style=\"bottom:732.9024px;\">Gr<span class=\"_ _3\"></span>oss amount and expiry of losses and other deductible temporary diff<span class=\"_ _3\"></span>erences for which n<span class=\"_ _3\"></span>o deferred tax asset has been r<span class=\"_ _f\"></span>ecognised.<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:235.26285px; bottom:705.7032px;\">2022<span class=\"_ _271\"> </span><span class=\"ffc6\">2021<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsd9 ws104\" style=\"left:99.267746px; bottom:667.99994px;\">T<span class=\"_ _3\"></span>ot<span class=\"_ _0\"></span>al\u2002gro<span class=\"_ _0\"></span>ss</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsd9 ws104\" style=\"left:99.267746px; bottom:657.4992px;\">\u2002loss<span class=\"_ _0\"></span>es\u2002a<span class=\"_ _0\"></span>nd</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsdd ws107\" style=\"left:96.820496px; bottom:646.9984px;\">\u2002deductible</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsda ws105\" style=\"left:98.25165px; bottom:636.4977px;\">\u2002temporary</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls11d ws145\" style=\"left:93.95415px; bottom:625.99695px;\">\u2002differences<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:133.85864px; bottom:615.49615px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls3 ws3\" style=\"left:198.17221px; bottom:636.4977px;\">UK<span class=\"_ _351\"> </span> </div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls120 ws149\" style=\"left:183.939px; bottom:625.99695px;\">losses<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:198.17221px; bottom:615.49615px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls6a ws97\" style=\"left:239.77411px; bottom:688.9917px;\">Fore<span class=\"_ _0\"></span>ign</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsd9 ws104\" style=\"left:228.92429px; bottom:678.4909px;\">\u2002excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>\u2002</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls11d ws145\" style=\"left:257.30176px; bottom:667.9902px;\">and</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls11d ws145\" style=\"left:223.3407px; bottom:657.48944px;\">\u2002commodity</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls120 ws149\" style=\"left:234.09329px; bottom:646.98865px;\">\u2002financial</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsd9 ws104\" style=\"left:225.64111px; bottom:636.4879px;\">\u2002ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s\u2002an<span class=\"_ _0\"></span>d</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls120 ws149\" style=\"left:232.9725px; bottom:625.9872px;\">\u2002liabilities<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:262.5507px; bottom:615.48645px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls3 ws3\" style=\"left:312.237px; bottom:636.4879px;\">Other\u2002</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls120 ws149\" style=\"left:312.237px; bottom:625.9872px;\">losses\u2002</div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:325.03754px; bottom:615.48645px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls11e ws147\" style=\"left:376.01175px; bottom:657.48944px;\">Other</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsdd ws107\" style=\"left:351.91666px; bottom:646.98865px;\">\u2002deductible</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsda ws105\" style=\"left:352.98224px; bottom:636.4879px;\">\u2002temporary</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls11d ws145\" style=\"left:348.7311px; bottom:625.9872px;\">\u2002differences<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:389.02756px; bottom:615.48645px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls247 ws2b7\" style=\"left:425.262px; bottom:667.9902px;\">T<span class=\"_ _3\"></span>ot<span class=\"_ _0\"></span>al gros<span class=\"_ _0\"></span>s</div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls247 ws2b7\" style=\"left:425.262px; bottom:657.48944px;\"> loss<span class=\"_ _0\"></span>es and</div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls22d ws2a0\" style=\"left:422.75955px; bottom:646.98865px;\"> deductible</div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls247 ws2b7\" style=\"left:424.02374px; bottom:636.4879px;\"> temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y</div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls6a ws97\" style=\"left:420.72736px; bottom:625.9872px;\"> differences<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls1a4 ws1b5\" style=\"left:458.88525px; bottom:615.48645px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls3 ws3\" style=\"left:523.4883px; bottom:636.4879px;\">UK<span class=\"_ _351\"> </span> </div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls245 ws2b6\" style=\"left:510.56848px; bottom:625.9872px;\">losses<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls1a4 ws1b5\" style=\"left:523.4883px; bottom:615.48645px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls248 ws2b8\" style=\"left:568.9028px; bottom:688.98193px;\">Forei<span class=\"_ _0\"></span>gn</div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls199 ws1cc\" style=\"left:557.9025px; bottom:678.4812px;\"> exchange<span class=\"_ _351\"> </span></div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls3 ws3\" style=\"left:587.30896px; bottom:667.9804px;\">and<span class=\"_ _351\"> </span> </div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls11e ws147\" style=\"left:553.6344px; bottom:657.4797px;\">commodi<span class=\"_ _0\"></span>ty</div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls199 ws1cc\" style=\"left:562.9818px; bottom:646.97894px;\"> financial<span class=\"_ _351\"> </span> </div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls183 ws1b7\" style=\"left:557.9025px; bottom:636.47815px;\">ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> </div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls5b ws146\" style=\"left:564.16907px; bottom:625.9774px;\">liabilities<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls199 ws1cc\" style=\"left:590.6431px; bottom:615.4767px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls237 ws2a9\" style=\"left:637.674px; bottom:636.47815px;\">Other<span class=\"_ _351\"> </span> </div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls245 ws2b6\" style=\"left:637.674px; bottom:625.9774px;\">losses<span class=\"_ _351\"> </span> </div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls1a4 ws1b5\" style=\"left:650.2944px; bottom:615.4767px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls237 ws2a9\" style=\"left:701.86993px; bottom:657.4797px;\">Other</div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls22d ws2a0\" style=\"left:677.54565px; bottom:646.97894px;\"> deductible</div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls247 ws2b7\" style=\"left:678.82965px; bottom:636.47815px;\"> temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y</div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls6a ws97\" style=\"left:676.1655px; bottom:625.9774px;\"> differences<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls1a4 ws1b5\" style=\"left:714.86804px; bottom:615.4767px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:598.52234px;\">Expiry within<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:583.52234px;\">5 years<span class=\"_ _272\"> </span><span class=\"ffc7 ls3 ws3\">83 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _5c\"> </span>83 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _c5\"> </span><span class=\"ffc8\">4 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _ae\"> </span>4 <span class=\"_ _2b\"> </span>\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:566.5423px;\">Expiry within<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:551.5423px;\">6 to 30 <span class=\"_ _3\"></span>years<span class=\"_ _de\"> </span><span class=\"ffc7 ls3 ws3\">265 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _68\"> </span>265 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ffc8\">282 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _157\"> </span>282 <span class=\"_ _2b\"> </span>\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:534.5623px;\">No expiry<span class=\"_ _11e\"> </span><span class=\"ffc7 ls6c ws99\">9,0<span class=\"_ _0\"></span>57 <span class=\"_ _cc\"> </span><span class=\"ls6d wscb\">8,1<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span> <span class=\"_ _7d\"> </span><span class=\"ls3 ws3\">87<span class=\"_ _0\"></span>1 <span class=\"_ _83\"> </span>2<span class=\"_ _0\"></span>7 <span class=\"_ _2b\"> </span>2 <span class=\"_ _87\"> </span></span></span></span><span class=\"lsd0 wsfa\">7,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _154\"> </span><span class=\"ls74 wsa2\">6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>51 <span class=\"_ _154\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>56<span class=\"_ _0\"></span>7 <span class=\"_ _71\"> </span>66 <span class=\"_ _6c\"> </span>10<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span><span class=\"lsd0 wsfa\"><span class=\"ls74 wsa2\"><span class=\"ls3 ws3\"> </span></span></span></div><div class=\"t m0 h1a ffc7 fse fc2 sc0 ls62 ws8f\" style=\"left:114.909px; bottom:518.0263px;\">9,4<span class=\"_ _0\"></span>05 <span class=\"_ _cc\"> </span><span class=\"ls6d wscb\">8,1<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span> <span class=\"_ _7d\"> </span><span class=\"ls3 ws3\">87<span class=\"_ _0\"></span>1 <span class=\"_ _157\"> </span><span class=\"ls6e ws9b\">375 <span class=\"_ _ae\"> </span></span>2 <span class=\"_ _87\"> </span><span class=\"ffc8\">8,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>78 <span class=\"_ _154\"> </span><span class=\"ls74 wsa2\">6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span> <span class=\"_ _74\"> </span></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>67 <span class=\"_ _81\"> </span><span class=\"ls7b wsaa\">3<span class=\"_ _0\"></span>52 <span class=\"_ _6c\"> </span></span>10<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span><span class=\"ls6d wscb\"><span class=\"ls3 ws3\"><span class=\"ffc8\"> </span></span></span></div><div class=\"t m651 h1a ffc8 fse fc2 sc0 ls6e ws9b\" style=\"bottom:482.60425px;\">In <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>gross <span class=\"_ _2\"></span>bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ces <span class=\"_ _2\"></span>show<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bove<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>dvan<span class=\"_ _0\"></span>ce <span class=\"_ _2\"></span>cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ax <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>\u00a3<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>m <span class=\"_ _2\"></span>(2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1: <span class=\"_ _2\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>9m) <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>Adv<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span> <span class=\"_ _35\"></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:467.60425px;\">cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>ax ha<span class=\"_ _0\"></span>s no expir<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:437.60425px;\">Of th<span class=\"_ _0\"></span>e total de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et of \u00a32<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>31m<span class=\"_ _0\"></span>, \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,73<span class=\"_ _0\"></span>6m) rela<span class=\"_ _0\"></span>tes to the UK and is mad<span class=\"_ _0\"></span>e up as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:415.10425px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4m) rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng to ta<span class=\"_ _0\"></span>x losse<span class=\"_ _0\"></span>s;<span class=\"_ _0\"></span> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:392.60425px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">\u00a36<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a33<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>m) arisin<span class=\"_ _0\"></span>g on unrealis<span class=\"_ _0\"></span>ed lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on deri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:370.10425px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>62<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a31<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>2m) of advan<span class=\"_ _0\"></span>ce cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>; and<span class=\"_ _0\"></span> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:347.60425px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls92 wsbf\">\u00a3<span class=\"_ _0\"></span>29<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a31<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>1m) rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to othe<span class=\"_ _0\"></span>r dedu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le temp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, in par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icul<span class=\"_ _0\"></span>ar ta<span class=\"_ _0\"></span>x dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> and relie<span class=\"_ _0\"></span>f for interes<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls92 wsbf\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:325.10425px;\">The <span class=\"_ _0\"></span>UK <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>rima<span class=\"_ _0\"></span>rily <span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ise <span class=\"_ _0\"></span>in R<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royc<span class=\"_ _0\"></span>e pl<span class=\"_ _0\"></span>c an<span class=\"_ _0\"></span>d have <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess <span class=\"_ _0\"></span>will<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:310.10428px;\">gen<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>ts an<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies in the fu<span class=\"_ _0\"></span>ture agai<span class=\"_ _0\"></span>nst whi<span class=\"_ _0\"></span>ch the los<span class=\"_ _0\"></span>ses and de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e tempo<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rence<span class=\"_ _0\"></span>s can be ut<span class=\"_ _0\"></span>ilis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m158 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:287.60428px;\">Mos<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>K <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ses <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Ae<span class=\"_ _0\"></span>rospa<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>eng<span class=\"_ _0\"></span>ine <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>makes <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ial <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:272.60428px;\">of a program<span class=\"_ _0\"></span>me and the<span class=\"_ _0\"></span>n makes a profit thro<span class=\"_ _0\"></span>ugh it<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s for ser<span class=\"_ _2\"></span>vic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. The pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e life<span class=\"_ _0\"></span>cycl<span class=\"_ _0\"></span>es are ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y in excess of 30 years<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:250.10428px;\">De<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>onl<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>to <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>ex<span class=\"_ _2\"></span>tent <span class=\"_ _3\"></span>tha<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>is <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>tha<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>uture <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>gai<span class=\"_ _0\"></span>nst <span class=\"_ _3\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls81 wsaf\" style=\"bottom:235.10428px;\">c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span> ut<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> A <span class=\"_ _3\"></span>re<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> ha<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>, ta<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f de<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> ag<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> rev<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 lsc4 wsf0\" style=\"bottom:220.10428px;\">b<span class=\"_ _0\"></span>e of<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> usi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g la<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t UK<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>, wh<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span> are ma<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nl<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> dri<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n by th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> Ci<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> Aer<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e la<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> bus<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>, to as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> lev<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l of fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:205.10428px;\">ta<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:182.60428px;\">The rec<span class=\"_ _0\"></span>overab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s has be<span class=\"_ _0\"></span>en ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed on th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing ba<span class=\"_ _0\"></span>sis:<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:160.10428px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">usin<span class=\"_ _0\"></span>g the mos<span class=\"_ _0\"></span>t recen<span class=\"_ _0\"></span>t UK profi<span class=\"_ _0\"></span>t forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s which are consis<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t with pa<span class=\"_ _0\"></span>st exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce and ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal sou<span class=\"_ _0\"></span>rces on mar<span class=\"_ _0\"></span>ket condi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:145.10428px;\">fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s cover the nex<span class=\"_ _0\"></span>t five yea<span class=\"_ _0\"></span>rs;<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:122.60428px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span></div><div class=\"t m6c5 h1a ffc8 fse fc2 sc0 ls77 wsa5\" style=\"left:13.294952px; bottom:122.60428px;\">the <span class=\"_ _2\"></span>lon<span class=\"_ _0\"></span>g-t<span class=\"_ _0\"></span>erm <span class=\"_ _2\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>profi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rofil<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>jor <span class=\"_ _2\"></span>la<span class=\"_ _0\"></span>rge <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>excess <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ears <span class=\"_ _2\"></span>from <span class=\"_ _2\"></span>init<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:107.60428px;\">inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt to retirem<span class=\"_ _0\"></span>ent of the fle<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g the af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>rket revenu<span class=\"_ _0\"></span>es earn<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m airlin<span class=\"_ _0\"></span>e custo<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s;<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:85.10428px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>into <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>unt <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>k <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>tor<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ges <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>lly <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>dema<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>our <span class=\"_ _2\"></span>prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>shif<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>cus<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls5c ws8a\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:70.10428px;\">toward<span class=\"_ _0\"></span>s more sust<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e produ<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s and so<span class=\"_ _0\"></span>lut<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s;<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:47.60428px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n that all comm<span class=\"_ _0\"></span>ercial ae<span class=\"_ _0\"></span>ro-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es will be co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le wit<span class=\"_ _0\"></span>h sust<span class=\"_ _0\"></span>aina<span class=\"_ _0\"></span>ble fu<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s by the end of 202<span class=\"_ _0\"></span>3;<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:25.104279px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\"> a 25% proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the severe bu<span class=\"_ _0\"></span>t plaus<span class=\"_ _0\"></span>ible do<span class=\"_ _0\"></span>wnsi<span class=\"_ _0\"></span>de fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t mate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g in relat<span class=\"_ _0\"></span>ion to the civ<span class=\"_ _0\"></span>il avia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n indus<span class=\"_ _0\"></span>tr<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls5c ws8a\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:2.6042786px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">th<span class=\"_ _0\"></span>e long<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t profi<span class=\"_ _0\"></span>t and cost pro<span class=\"_ _0\"></span>file of the ot<span class=\"_ _0\"></span>her pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of the busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> </span></span></div><div class=\"t m0 h2a ffc5 fs11 fc1 sc0 ls46 ws70\" style=\"left:289.04025px; bottom:430.10828px;\">5\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>axation\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls87 wsb5\" style=\"bottom:400.10828px;\">The<span class=\"_ _0\"></span> asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent ta<span class=\"_ _0\"></span>kes into acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span> UK ta<span class=\"_ _0\"></span>x law<span class=\"_ _0\"></span>s that<span class=\"_ _0\"></span>, in bro<span class=\"_ _0\"></span>ad ter<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span>, res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>t the of<span class=\"_ _2\"></span>fs<span class=\"_ _0\"></span>et of the<span class=\"_ _0\"></span> car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d for<span class=\"_ _2\"></span>ward t<span class=\"_ _0\"></span>ax lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es to 50<span class=\"_ _0\"></span>% of curren<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span> </div><div class=\"t m622 h1a ffc8 fse fc2 sc0 ls6a ws97\" style=\"bottom:385.10828px;\">year <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>In <span class=\"_ _2\"></span>addi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>amou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>timi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws9a\" style=\"bottom:370.10828px;\">macro<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic f<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s and cl<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge on <span class=\"_ _0\"></span>exis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng l<span class=\"_ _0\"></span>arge e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. B<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n this a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup ha<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:355.10828px;\">a total UK de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et of \u00a32<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m. Thi<span class=\"_ _0\"></span>s refle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e conclu<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s that<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:325.10822px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">It is prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e that the bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s will gen<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>te ta<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le inco<span class=\"_ _0\"></span>me and ta<span class=\"_ _0\"></span>x liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in the future ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t which the<span class=\"_ _0\"></span>se los<span class=\"_ _0\"></span>ses ca<span class=\"_ _0\"></span>n be util<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls5c ws8a\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:302.60822px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span></div><div class=\"t m65a h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:302.60822px;\">Ba<span class=\"_ _0\"></span>sed <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrent <span class=\"_ _2\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>ous <span class=\"_ _2\"></span>scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>dif<span class=\"_ _2\"></span>feren<span class=\"_ _0\"></span>ces <span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>be <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ull<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:287.60822px;\">wit<span class=\"_ _0\"></span>hin <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>rge <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>life<span class=\"_ _0\"></span>cyc<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>expl<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oten<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>clima<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:272.60822px;\">and sen<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y anal<span class=\"_ _0\"></span>ysis ca<span class=\"_ _0\"></span>n be found in note 1<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws9a\" style=\"bottom:242.60822px;\">The Gro<span class=\"_ _0\"></span>up has not recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a deferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>t in r<span class=\"_ _3\"></span>esp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct of 20<span class=\"_ _0\"></span>22 UK t<span class=\"_ _0\"></span>ax los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>es the impa<span class=\"_ _0\"></span>ct of the IA<span class=\"_ _0\"></span>S 37 ame<span class=\"_ _0\"></span>ndme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls6e wsb1\" style=\"bottom:212.60822px;\">The othe<span class=\"_ _3\"></span>r sig<span class=\"_ _3\"></span>nificant <span class=\"_ _3\"></span>deferred <span class=\"_ _3\"></span>tax asset <span class=\"_ _3\"></span>arises <span class=\"_ _3\"></span>in R<span class=\"_ _3\"></span>olls-Royce <span class=\"_ _3\"></span>Deutschland L<span class=\"_ _3\"></span>td &amp;<span class=\"_ _3\"></span> Co <span class=\"_ _3\"></span>KG, wher<span class=\"_ _3\"></span>e the<span class=\"_ _3\"></span> mai<span class=\"_ _3\"></span>n activity is <span class=\"_ _3\"></span>business<span class=\"_ _3\"></span> avi<span class=\"_ _3\"></span>ation. The<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:197.60822px;\">tot<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m), <span class=\"_ _0\"></span>whic<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>has <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>full<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>reve<span class=\"_ _0\"></span>nue <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:182.60822px;\">reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed and t<span class=\"_ _0\"></span>axe<span class=\"_ _0\"></span>d ear<span class=\"_ _0\"></span>lier und<span class=\"_ _0\"></span>er lo<span class=\"_ _0\"></span>cal t<span class=\"_ _0\"></span>ax rul<span class=\"_ _0\"></span>es result<span class=\"_ _0\"></span>ing in a ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t when revenu<span class=\"_ _0\"></span>e is recogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in the accou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s.<span class=\"_ _351\"> </span></div><div class=\"t m6c6 h1a ffc8 fse fc2 sc0 ls74 wsb1\" style=\"bottom:152.60822px;\">Any <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>law <span class=\"_ _2\"></span>or <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ould <span class=\"_ _2\"></span>have <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant <span class=\"_ _2\"></span>ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:137.60822px;\">temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>dif<span class=\"_ _2\"></span>feren<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>inc<span class=\"_ _0\"></span>ludin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>the perio<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>over <span class=\"_ _3\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hey can <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>use<span class=\"_ _0\"></span>d. In <span class=\"_ _f\"></span>vie<span class=\"_ _0\"></span>w <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>his <span class=\"_ _3\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cant judgem<span class=\"_ _0\"></span>ent <span class=\"_ _3\"></span>invol<span class=\"_ _0\"></span>ved <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>Bo<span class=\"_ _0\"></span>ard<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:122.608215px;\">cont<span class=\"_ _0\"></span>inu<span class=\"_ _0\"></span>ousl<span class=\"_ _0\"></span>y reasse<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es this area<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls79 wsa8\" style=\"bottom:92.608215px;\">Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> tem<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ass<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s in sub<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> joi<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> ven<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> and<span class=\"_ _0\"></span> ass<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>es<span class=\"_ _2\"></span>, fo<span class=\"_ _0\"></span>r whi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h a def<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _2\"></span>y ha<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls86 wsb4\" style=\"bottom:77.608215px;\">no<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, ag<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> to \u00a31<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>2m<span class=\"_ _0\"></span> (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a39<span class=\"_ _2\"></span>57m)<span class=\"_ _0\"></span>. N<span class=\"_ _0\"></span>o de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d ta<span class=\"_ _2\"></span>x lia<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>al wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hh<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 lsd5 wsb9\" style=\"bottom:62.608215px;\">d<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:47.608215px;\">will not be gi<span class=\"_ _0\"></span>ven in the fores<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e future<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws9a\" style=\"bottom:17.608215px;\">The <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up is <span class=\"_ _0\"></span>revi<span class=\"_ _0\"></span>ewin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he O<span class=\"_ _0\"></span>ECD P<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>ar T<span class=\"_ _3\"></span>wo <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>glo<span class=\"_ _0\"></span>bal <span class=\"_ _0\"></span>minimum <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>) ru<span class=\"_ _0\"></span>les <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>K dra<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch wa<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws9a\" style=\"bottom:2.6082153px;\">relea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on 20 July 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se rule<span class=\"_ _0\"></span>s will appl<span class=\"_ _0\"></span>y to the Group from 202<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-823": {
   "value": "5\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>axation<span class=\"_ _351\"> </span>UK<span class=\"_ _25b\"> </span><span class=\"ls11e ws147\">Overseas<span class=\"_ _172\"> </span><span class=\"ls219 ws269\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span></span></span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Curr<span class=\"_ _3\"></span>ent tax charge <span class=\"_ _3\"></span>for the y<span class=\"_ _3\"></span>ear<span class=\"_ _66\"> </span><span class=\"ffc7 ls3 ws3\">18 <span class=\"_ _1b5\"> </span><span class=\"ffc8\">17 <span class=\"_ _1a\"> </span></span><span class=\"ls6e ws9b\">159<span class=\"_ _0\"></span> <span class=\"_ _2b\"> </span></span></span><span class=\"ls74 wsa2\">1<span class=\"_ _0\"></span>51 <span class=\"_ _85\"> </span><span class=\"ffc7 ls3 ws3\">17<span class=\"_ _0\"></span>7 <span class=\"_ _1a\"> </span><span class=\"ffc8\">16<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span><span class=\"ls74 wsa2\"><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></span>Adjustments in <span class=\"_ _3\"></span>respect <span class=\"_ _3\"></span>of prior year<span class=\"_ _3\"></span>s<span class=\"_ _13f\"> </span><span class=\"ffc7 lsb5 ws9a\">(5)<span class=\"_ _65\"> </span></span><span class=\"ls3 ws3\">2 <span class=\"_ _be\"> </span><span class=\"ffc7 ls6c ws99\">(8)<span class=\"_ _1b5\"> </span></span>12 <span class=\"_ _2b\"> </span><span class=\"ffc7 ls6d wscb\">(<span class=\"_ _0\"></span>13)<span class=\"_ _57\"> </span></span>14<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Curr<span class=\"_ _3\"></span>ent\u2002tax<span class=\"_ _25c\"> </span><span class=\"ffc7 ls6e ws9b\">13 <span class=\"_ _58\"> </span><span class=\"ffc8 ls3 ws3\">19 <span class=\"_ _ae\"> </span></span></span><span class=\"ffc7\">1<span class=\"_ _0\"></span>51 <span class=\"_ _1a\"> </span><span class=\"ffc8 ls3 ws3\">1<span class=\"_ _0\"></span>63 <span class=\"_ _1a\"> </span><span class=\"ffc7\">164 <span class=\"_ _85\"> </span></span>182<span class=\"_ _351\"> </span></span></span><span class=\"ffc7\"><span class=\"ffc8 ls3 ws3\"> </span></span>Deferr<span class=\"_ _3\"></span>ed tax cr<span class=\"_ _f\"></span>edit for the <span class=\"_ _3\"></span>year<span class=\"_ _25d\"> </span><span class=\"ffc7 ls68 ws95\">(42<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _86\"> </span><span class=\"ffc6 ls6b ws98\">(1<span class=\"_ _0\"></span>73)<span class=\"_ _ae\"> </span></span><span class=\"ls63 ws90\">(6<span class=\"_ _0\"></span>1)<span class=\"_ _62\"> </span><span class=\"ffc6 ls3 ws3\">(59)<span class=\"_ _67\"> </span></span></span>(48<span class=\"_ _2\"></span>8)<span class=\"_ _71\"> </span><span class=\"ffc6 ls6b ws98\">(2<span class=\"_ _0\"></span>32)<span class=\"_ _351\"> </span></span></span>Adjustments in <span class=\"_ _3\"></span>respect <span class=\"_ _3\"></span>of prior year<span class=\"_ _3\"></span>s<span class=\"_ _108\"> </span><span class=\"ffc7 ls3 ws3\">4 <span class=\"_ _84\"> </span><span class=\"ffc6 ls65 ws92\">(1 5)<span class=\"_ _1b5\"> </span></span>12 <span class=\"_ _85\"> </span><span class=\"ffc6 ls80 wsae\">(26)<span class=\"_ _58\"> </span></span>16 <span class=\"_ _c8\"> </span><span class=\"ffc6 ls74 wsa2\">(41)<span class=\"_ _351\"> </span></span></span>Deferr<span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>tax cr<span class=\"_ _f\"></span>edit r<span class=\"_ _f\"></span>esulting fr<span class=\"_ _f\"></span>om an <span class=\"_ _f\"></span>increase <span class=\"_ _f\"></span>in UK tax <span class=\"_ _f\"></span>rate<span class=\"_ _11e\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _72\"> </span><span class=\"ffc6 ls6b ws98\">(327<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _aa\"> </span><span class=\"ffc6 ls6b ws98\">(<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>7)<span class=\"_ _351\"> </span></span></span>Deferr<span class=\"_ _3\"></span>ed\u2002tax<span class=\"_ _209\"> </span><span class=\"ffc7 ls68 ws95\">(42<span class=\"_ _0\"></span>3)<span class=\"_ _73\"> </span><span class=\"ffc6 ls74 wsa2\">(<span class=\"_ _0\"></span>515 )<span class=\"_ _85\"> </span></span>(49<span class=\"_ _0\"></span>)<span class=\"_ _85\"> </span><span class=\"ffc6 ls65 ws92\">(85)<span class=\"_ _72\"> </span></span>(47<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _99\"> </span><span class=\"ffc6 ls80 wsae\">(6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span>(Credited)/<span class=\"_ _f\"></span>charged\u2002in\u2002the\u2002income\u2002statement<span class=\"_ _47\"> </span><span class=\"ffc7 ls68 ws95\">(41<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _21\"> </span><span class=\"ffc6 ls74 wsa2\">(49<span class=\"_ _2\"></span>6)<span class=\"_ _1a\"> </span></span><span class=\"ls3 ws3\">102 <span class=\"_ _c8\"> </span><span class=\"ffc8\">7<span class=\"_ _0\"></span>8 <span class=\"_ _7f\"> </span></span><span class=\"ls6c ws99\">(30<span class=\"_ _0\"></span>8)<span class=\"_ _83\"> </span><span class=\"ffc6 ls74 wsa2\">(41<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Other ta<span class=\"_ _3\"></span>x cr<span class=\"_ _3\"></span>edits/(charges)<span class=\"_ _351\"> </span>OCI<span class=\"_ _1f8\"> </span><span class=\"ffc5 ls120 ws149\">Equity<span class=\"_ _351\"> </span></span>It<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s\u2002th<span class=\"_ _0\"></span>at\u2002w<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>l\u2002no<span class=\"_ _0\"></span>t\u2002be\u2002r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d<span class=\"_ _3e\"> </span><span class=\"lsd9 ws104\">It<span class=\"_ _0\"></span>ems\u2002t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t\u2002wil<span class=\"_ _0\"></span>l\u2002be\u2002re<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span></span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Deferr<span class=\"_ _3\"></span>ed\u2002tax:<span class=\"_ _351\"> </span>Movement in <span class=\"_ _3\"></span>post-retir<span class=\"_ _f\"></span>ement schemes<span class=\"_ _31\"> </span><span class=\"ffc7 ls3 ws3\">8<span class=\"_ _0\"></span>9 <span class=\"_ _85\"> </span><span class=\"ffc6\">(7 9)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>Cash flow h<span class=\"_ _3\"></span>edge<span class=\"_ _25e\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _57\"> </span></span>12 <span class=\"_ _bb\"> </span><span class=\"ffc6\">(2)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>Net investment <span class=\"_ _3\"></span>hedge<span class=\"_ _77\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>2 <span class=\"_ _1b5\"> </span><span class=\"ffc6 ls6b ws98\">(3)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>Shar<span class=\"_ _3\"></span>e-based payments \u2013 <span class=\"_ _3\"></span>direct <span class=\"_ _3\"></span>to equity<span class=\"_ _166\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _ed\"> </span></span>1 <span class=\"_ _be\"> </span><span class=\"ffc8\">17<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>Other\u2002tax\u2002cr<span class=\"_ _3\"></span>edits/(charges)<span class=\"_ _8d\"> </span><span class=\"ffc7 ls3 ws3\">89 <span class=\"_ _85\"> </span><span class=\"ffc6\">(<span class=\"_ _0\"></span>79)<span class=\"_ _57\"> </span></span><span class=\"ls62 ws8f\">14 <span class=\"_ _1b5\"> </span><span class=\"ffc6 ls65 ws92\">(5)<span class=\"_ _ed\"> </span></span></span>1 <span class=\"_ _bb\"> </span><span class=\"ffc8\">17<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>T<span class=\"_ _f\"></span>ax <span class=\"_ _3\"></span>reconcilia<span class=\"_ _3\"></span>tion on con<span class=\"_ _3\"></span>tinuing opera<span class=\"_ _3\"></span>tions<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Loss befor<span class=\"_ _f\"></span>e taxation fr<span class=\"_ _3\"></span>om continuing <span class=\"_ _3\"></span>operations<span class=\"_ _25f\"> </span><span class=\"ffc7 ls63 ws90\">(1,<span class=\"_ _2\"></span>502)<span class=\"_ _67\"> </span><span class=\"ffc6 ls60 ws8d\">(2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>Less shar<span class=\"_ _f\"></span>e of r<span class=\"_ _3\"></span>esults of joint <span class=\"_ _3\"></span>ventur<span class=\"_ _3\"></span>es and associates <span class=\"_ _3\"></span>(note 12)<span class=\"_ _260\"> </span><span class=\"ffc7 ls63 ws90\">(9)<span class=\"_ _15a\"> </span><span class=\"ffc6 ls3 ws3\">(2<span class=\"_ _0\"></span>2)<span class=\"_ _351\"> </span></span></span>Loss befor<span class=\"_ _f\"></span>e taxation fr<span class=\"_ _3\"></span>om continuing <span class=\"_ _3\"></span>operations ex<span class=\"_ _3\"></span>cluding joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _76\"> </span><span class=\"ffc7\">(1,<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>1)<span class=\"_ _83\"> </span><span class=\"ffc6 ls73 wsa1\">(316<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Nominal tax <span class=\"_ _3\"></span>credit <span class=\"_ _3\"></span>at UK corpor<span class=\"_ _3\"></span>ation tax r<span class=\"_ _3\"></span>ate 19% (2021: <span class=\"_ _3\"></span>19%)<span class=\"_ _42\"> </span><span class=\"ffc7 ls77 wsa5\">(28<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _26\"> </span><span class=\"ffc6 ls80 wsae\">(6<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span>UK tax r<span class=\"_ _f\"></span>ate differenti<span class=\"_ _3\"></span>al<span class=\"_ _351\"> </span> 1<span class=\"_ _351\"> </span>(69)<span class=\"_ _85\"> </span><span class=\"ffc6 ls6b ws98\">(33<span class=\"_ _351\"> </span></span><span class=\"ffc6 ls6b ws98\">)<span class=\"_ _351\"> </span></span>Overseas r<span class=\"_ _3\"></span>ate differ<span class=\"_ _f\"></span>ences<span class=\"_ _351\"> </span> 2<span class=\"_ _351\"> </span>18 <span class=\"_ _c8\"> </span><span class=\"ffc8\">26<span class=\"_ _351\"> </span></span><span class=\"ffc8\"> </span>Exempt gain <span class=\"_ _3\"></span>on disposal of <span class=\"_ _3\"></span>businesses<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span>(14)<span class=\"_ _84\"> </span><span class=\"ffc6 ls65 ws92\">(15)<span class=\"_ _351\"> </span></span>R&amp;D cr<span class=\"_ _f\"></span>edits<span class=\"_ _235\"> </span><span class=\"ffc7 lsa9 wsd6\">(7)<span class=\"_ _7b\"> </span><span class=\"ffc6 ls80 wsae\">(1<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span>Other permanent diff<span class=\"_ _3\"></span>erences<span class=\"_ _261\"> </span><span class=\"ffc7 ls3 ws3\">23 <span class=\"_ _be\"> </span><span class=\"ffc8\">13<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>Benefit to <span class=\"_ _3\"></span>deferred <span class=\"_ _3\"></span>tax fr<span class=\"_ _3\"></span>om pr<span class=\"_ _f\"></span>eviously unrecognised <span class=\"_ _3\"></span>tax losses and <span class=\"_ _3\"></span>temporary diff<span class=\"_ _3\"></span>erences<span class=\"_ _351\"> </span> 4<span class=\"_ _351\"> </span>(13<span class=\"_ _0\"></span>4)<span class=\"_ _15a\"> </span><span class=\"ffc6\">(47<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>T<span class=\"_ _3\"></span>ax losses and <span class=\"_ _3\"></span>other tempor<span class=\"_ _3\"></span>ary differ<span class=\"_ _3\"></span>ences not r<span class=\"_ _f\"></span>ecognised in defer<span class=\"_ _3\"></span>red <span class=\"_ _3\"></span>tax<span class=\"_ _351\"> </span> 5<span class=\"_ _351\"> </span>159 <span class=\"_ _c8\"> </span><span class=\"ffc8 ls3 ws3\">62<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls3 ws3\"> </span>Adjustments in <span class=\"_ _3\"></span>respect <span class=\"_ _3\"></span>of prior year<span class=\"_ _3\"></span>s<span class=\"_ _1dd\"> </span><span class=\"ffc7 ls3 ws3\">3 <span class=\"_ _7b\"> </span><span class=\"ffc6\">(2<span class=\"_ _0\"></span>7 )<span class=\"_ _351\"> </span></span></span>Incr<span class=\"_ _3\"></span>ease in closing <span class=\"_ _3\"></span>deferr<span class=\"_ _3\"></span>ed taxes <span class=\"_ _3\"></span>resulting <span class=\"_ _3\"></span>from <span class=\"_ _3\"></span>a change in <span class=\"_ _3\"></span>the UK tax <span class=\"_ _3\"></span>rate<span class=\"_ _351\"> </span> 6<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _71\"> </span><span class=\"ffc6 ls6b ws98\">(32<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>(30<span class=\"_ _0\"></span>8)<span class=\"_ _83\"> </span><span class=\"ffc6 ls74 wsa2\">(41<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span>Underlying items <span class=\"_ _3\"></span>(note 2)<span class=\"_ _262\"> </span><span class=\"ffc7 ls3 ws3\">48 <span class=\"_ _c8\"> </span><span class=\"ffc8\">26<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>Non-underlying items<span class=\"_ _263\"> </span><span class=\"ffc7 ls60 ws8d\">(356)<span class=\"_ _67\"> </span><span class=\"ffc6 ls1af ws20e\">(<span class=\"_ _f\"></span>444<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls60 ws8d\"><span class=\"ffc6 ls1af ws20e\">)<span class=\"_ _351\"> </span></span></span>(30<span class=\"_ _0\"></span>8)<span class=\"_ _83\"> </span><span class=\"ffc6 ls74 wsa2\">(41<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>ax <span class=\"_ _3\"></span>on discon<span class=\"_ _3\"></span>tinued operations<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>T<span class=\"_ _3\"></span>ax charge/(cr<span class=\"_ _3\"></span>edit) on pr<span class=\"_ _f\"></span>ofit/(loss) befor<span class=\"_ _3\"></span>e taxation fr<span class=\"_ _f\"></span>om discontinued oper<span class=\"_ _3\"></span>ations <span class=\"_ _264\"> </span><span class=\"ffc7 ls3 ws3\">10 <span class=\"_ _85\"> </span><span class=\"ffc6 ls60 ws8d\">(3<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>T<span class=\"_ _3\"></span>ax cr<span class=\"_ _3\"></span>edit on di<span class=\"_ _3\"></span>sposal of discontinued <span class=\"_ _3\"></span>operations <span class=\"_ _20c\"> </span><span class=\"ffc7 ls77 wsa5\">(31)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>(21)<span class=\"_ _85\"> </span><span class=\"ffc6 ls60 ws8d\">(3<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span>1<span class=\"_ _351\"> </span> The UK tax <span class=\"_ _3\"></span>rate differ<span class=\"_ _3\"></span>ential arises on <span class=\"_ _3\"></span>the differ<span class=\"_ _3\"></span>ence between the defer<span class=\"_ _3\"></span>red tax <span class=\"_ _3\"></span>rate and the <span class=\"_ _3\"></span>statutory tax rate<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span> Overseas rate differ<span class=\"_ _f\"></span>ences mainly relate to tax on profits or losses in countries s<span class=\"_ _3\"></span>uch as the US and Germany<span class=\"_ _f\"></span>, which have higher tax rates than the UK<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span> The exempt <span class=\"_ _3\"></span>gain mainly r<span class=\"_ _3\"></span>elates to the di<span class=\"_ _3\"></span>sposal of Airtanker Holding<span class=\"_ _3\"></span>s Ltd. The 2021 <span class=\"_ _3\"></span>exempt gain r<span class=\"_ _f\"></span>elates to the disposal of <span class=\"_ _3\"></span>the Civil Nuclear Instrumentation <span class=\"_ _3\"></span>and Contr<span class=\"_ _3\"></span>ols business<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span> Benefit to defer<span class=\"_ _3\"></span>red tax <span class=\"_ _3\"></span>from pr<span class=\"_ _3\"></span>eviously unr<span class=\"_ _3\"></span>ecognised tax losses and <span class=\"_ _3\"></span>temporary differ<span class=\"_ _f\"></span>ences mainly relates <span class=\"_ _3\"></span>to for<span class=\"_ _3\"></span>eign exchange derivativ<span class=\"_ _3\"></span>es<span class=\"_ _351\"> </span>5<span class=\"_ _351\"> </span> T<span class=\"_ _3\"></span>ax losses and other <span class=\"_ _3\"></span>temporary differ<span class=\"_ _3\"></span>ences not r<span class=\"_ _f\"></span>eco<span class=\"_ _0\"></span>gnised mainly r<span class=\"_ _f\"></span>elate to the UK<span class=\"_ _351\"> </span>6<span class=\"_ _351\"> </span> The 2021 tax <span class=\"_ _3\"></span>credit arising <span class=\"_ _3\"></span>on the change in <span class=\"_ _3\"></span>the UK tax r<span class=\"_ _3\"></span>ate r<span class=\"_ _3\"></span>epresents the <span class=\"_ _3\"></span>impact of r<span class=\"_ _3\"></span>e-measurement <span class=\"_ _3\"></span>of the UK deferr<span class=\"_ _f\"></span>ed tax asset balances fr<span class=\"_ _3\"></span>om 19% to <span class=\"_ _3\"></span>25%<span class=\"_ _351\"> </span>5\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>axation\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Deferred <span class=\"_ _3\"></span>taxa<span class=\"_ _3\"></span>tion as<span class=\"_ _f\"></span>se<span class=\"_ _0\"></span>ts and <span class=\"_ _3\"></span>liabilities<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At 31 <span class=\"_ _3\"></span>December (as pr<span class=\"_ _f\"></span>eviously reported)<span class=\"_ _265\"> </span>1<span class=\"_ _0\"></span>,79<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _6c\"> </span><span class=\"ls6b ws98\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>32<span class=\"_ _351\"> </span></span><span class=\"ls6b ws98\"> </span>Adoption of <span class=\"_ _3\"></span>amendment to IAS <span class=\"_ _3\"></span>37<span class=\"_ _1e0\"> </span><span class=\"ffc6 ls80 wsae\">(6)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>At 1 <span class=\"_ _3\"></span>January<span class=\"_ _1d7\"> </span><span class=\"ffc7\">1,7<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span> <span class=\"_ _6c\"> </span></span><span class=\"ls6b ws98\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>32<span class=\"_ _351\"> </span></span><span class=\"ls6b ws98\"> </span>Amount cr<span class=\"_ _f\"></span>edited to income statement<span class=\"_ _266\"> </span><span class=\"ffc7 ls3 ws3\">495 <span class=\"_ _83\"> </span><span class=\"ffc8\">63<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>Amount cr<span class=\"_ _f\"></span>edited/(charged) to OCI<span class=\"_ _1c1\"> </span><span class=\"ffc7 ls3 ws3\">91 <span class=\"_ _15a\"> </span><span class=\"ffc6 ls62 ws8f\">(82<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Amount cr<span class=\"_ _f\"></span>edited/(charged) to hedging r<span class=\"_ _f\"></span>eserves<span class=\"_ _20c\"> </span><span class=\"ffc7 ls3 ws3\">12 <span class=\"_ _b6\"> </span><span class=\"ffc6\">(2<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc6\">)<span class=\"_ _351\"> </span></span></span>Amount cr<span class=\"_ _f\"></span>edited to equity<span class=\"_ _267\"> </span><span class=\"ffc7 ls3 ws3\">1 <span class=\"_ _1b5\"> </span><span class=\"ffc8\">17<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>On disposal <span class=\"_ _3\"></span>of businesses<span class=\"_ _351\"> </span> 1<span class=\"_ _351\"> </span>28 <span class=\"_ _bb\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _351\"> </span></span><span class=\"ffc6 ls74 wsa2\">)<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span> 2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _85\"> </span><span class=\"ffc6 ls65 ws92\">(8 5)<span class=\"_ _351\"> </span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _1c7\"> </span><span class=\"ffc7 ls3 ws3\">26 <span class=\"_ _c8\"> </span><span class=\"ffc6 ls60 ws8d\">(14<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc6 ls60 ws8d\">)<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December<span class=\"_ _22e\"> </span><span class=\"ffc7 ls3 ws3\">2<span class=\"_ _2\"></span>,4<span class=\"_ _0\"></span>45 <span class=\"_ _99\"> </span></span>1<span class=\"_ _0\"></span>,79<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> Deferr<span class=\"_ _3\"></span>ed tax assets <span class=\"_ _a1\"> </span><span class=\"ffc7\">2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>31 <span class=\"_ _5e\"> </span></span><span class=\"ls62 ws8f\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>249<span class=\"_ _351\"> </span></span><span class=\"ls62 ws8f\"> </span>Deferr<span class=\"_ _3\"></span>ed tax liabilities<span class=\"_ _263\"> </span><span class=\"ffc7 ls77 wsa5\">(2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6)<span class=\"_ _73\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>51)<span class=\"_ _351\"> </span></span></span>2<span class=\"_ _0\"></span>,4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5 <span class=\"_ _6c\"> </span><span class=\"ffc8 ls5c ws8a\">1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls5c ws8a\"> </span>1<span class=\"_ _351\"> </span> The 2022 <span class=\"_ _3\"></span>deferred <span class=\"_ _3\"></span>tax relates <span class=\"_ _3\"></span>to the disposal <span class=\"_ _3\"></span>of ITP A<span class=\"_ _3\"></span>ero. The <span class=\"_ _3\"></span>2021 deferr<span class=\"_ _3\"></span>ed tax r<span class=\"_ _f\"></span>elates to the disposal <span class=\"_ _3\"></span>of Bergen Engines <span class=\"_ _3\"></span>AS and the <span class=\"_ _3\"></span>Civil Nuclear Instrumentation <span class=\"_ _3\"></span>and Contr<span class=\"_ _3\"></span>ol business<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span> The 2021 defer<span class=\"_ _3\"></span>red tax <span class=\"_ _3\"></span>transferr<span class=\"_ _3\"></span>ed to assets held f<span class=\"_ _3\"></span>or sale r<span class=\"_ _3\"></span>elates to ITP Aer<span class=\"_ _f\"></span>o<span class=\"_ _351\"> </span>The ana<span class=\"_ _0\"></span>lysi<span class=\"_ _0\"></span>s of the defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d tax p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>At\u200231<span class=\"_ _351\"> </span>December<span class=\"_ _351\"> </span>(as\u2002prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>sly<span class=\"_ _351\"> </span>reported<span class=\"_ _3\"></span>)<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>On\u2002adoption<span class=\"_ _351\"> </span>of<span class=\"_ _351\"> </span>amendment<span class=\"_ _351\"> </span>to\u2002IA<span class=\"_ _0\"></span>S\u200237<span class=\"_ _351\"> </span>At\u20021\u2002Januar<span class=\"_ _0\"></span>y\u2002\u00a3m<span class=\"_ _351\"> </span>Recognised<span class=\"_ _351\"> </span>in\u2002in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span>statement<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Recognised<span class=\"_ _351\"> </span>in\u2002OC<span class=\"_ _0\"></span>I<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Recognised<span class=\"_ _351\"> </span>in\u2002eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Disposals<span class=\"_ _351\"> </span>related<span class=\"_ _351\"> </span>activit<span class=\"_ _0\"></span>y<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>ransfe<span class=\"_ _0\"></span>rred\u2002to\u2002he<span class=\"_ _0\"></span>ld<span class=\"_ _351\"> </span>for\u2002s<span class=\"_ _0\"></span>ale<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Exchange<span class=\"_ _351\"> </span>differences<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>At\u200231<span class=\"_ _0\"></span>\u2002December<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>Intangible assets<span class=\"_ _268\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _72\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _10d\"> </span><span class=\"ffc7 ls68 ws95\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _56\"> </span></span><span class=\"ffc7\">29 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _99\"> </span><span class=\"ls63 ws90\">(1<span class=\"_ _0\"></span>)<span class=\"_ _a4\"> </span><span class=\"ls68 ws95\">(43<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Pr<span class=\"_ _3\"></span>operty<span class=\"_ _3\"></span>, plant and <span class=\"_ _3\"></span>equipment<span class=\"_ _d2\"> </span><span class=\"ffc6 ls157 ws186\">193<span class=\"_ _6f\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _269\"> </span><span class=\"ffc7 ls7b wsaa\">193 <span class=\"_ _56\"> </span></span><span class=\"ffc7\">3<span class=\"_ _0\"></span>3 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7d\"> </span>6 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _68\"> </span><span class=\"ls77 wsa5\">(2)<span class=\"_ _10f\"> </span></span>2<span class=\"_ _0\"></span>30<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ffc7\"> </span></span>Other temporary <span class=\"_ _3\"></span>differ<span class=\"_ _3\"></span>ences<span class=\"_ _351\"> </span> 1<span class=\"_ _351\"> </span>47<span class=\"_ _0\"></span>1<span class=\"_ _67\"> </span><span class=\"ls80 wsae\">(6)<span class=\"_ _154\"> </span><span class=\"ffc7 ls3 ws3\">465 <span class=\"_ _74\"> </span><span class=\"ls6e ws9b\">133 <span class=\"_ _7d\"> </span></span></span></span><span class=\"ffc7\">(1)<span class=\"_ _67\"> </span><span class=\"ls3 ws3\">1 <span class=\"_ _269\"> </span>4<span class=\"_ _0\"></span>4 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _61\"> </span>8 <span class=\"_ _114\"> </span>650<span class=\"_ _351\"> </span></span></span><span class=\"ffc7\"><span class=\"ls3 ws3\"> </span></span>Net contract <span class=\"_ _3\"></span>liabilities<span class=\"_ _170\"> </span><span class=\"ffc6 lsa9 wsd6\">73<span class=\"_ _64\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _157\"> </span><span class=\"ffc7\">73 <span class=\"_ _5e\"> </span><span class=\"ls63 ws90\">(9)<span class=\"_ _7f\"> </span></span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _95\"> </span>6<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ffc7\"> </span></span>Pensions and <span class=\"_ _3\"></span>other post-<span class=\"ls3 ws3\"> </span>r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme benefits<span class=\"_ _219\"> </span><span class=\"ffc6 ls80 wsae\">(1 4<span class=\"_ _0\"></span>0)<span class=\"_ _72\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _5d\"> </span><span class=\"ffc7 ls63 ws90\">(14<span class=\"_ _0\"></span>0)<span class=\"_ _2a\"> </span>(19<span class=\"_ _0\"></span>)<span class=\"_ _95\"> </span></span><span class=\"ffc7\">89 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _5e\"> </span><span class=\"ls6e ws9b\">13 <span class=\"_ _5a\"> </span><span class=\"ls6c ws99\">(57)<span class=\"_ _351\"> </span></span></span></span></span>For<span class=\"_ _f\"></span>eign exchange <span class=\"_ _3\"></span>and commodity<span class=\"_ _351\"> </span> financial assets <span class=\"_ _3\"></span>and liabilities<span class=\"_ _f2\"> </span><span class=\"ffc6 ls97 wsc4\">362<span class=\"_ _64\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _cc\"> </span><span class=\"ffc7 lsaa wsd7\">362 <span class=\"_ _10d\"> </span><span class=\"ls60 ws8d\">329 <span class=\"_ _5e\"> </span></span></span><span class=\"ffc7\">15 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _cc\"> </span><span class=\"ls77 wsa5\">(22)<span class=\"_ _7f\"> </span></span>\u2013 <span class=\"_ _7d\"> </span>9 <span class=\"_ _10f\"> </span><span class=\"ls7b wsaa\">6<span class=\"_ _0\"></span>93<span class=\"_ _351\"> </span></span></span></span><span class=\"ls3 ws3\"><span class=\"ffc7\"><span class=\"ls7b wsaa\"> </span></span></span>Losses<span class=\"_ _12b\"> </span><span class=\"ffc8 ls90 wsbd\">1,085<span class=\"_ _64\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _9b\"> </span><span class=\"ffc7\">1<span class=\"_ _0\"></span>,08<span class=\"_ _0\"></span>5 <span class=\"_ _269\"> </span><span class=\"ls63 ws90\">(12)<span class=\"_ _61\"> </span></span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7d\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _149\"> </span><span class=\"ls6e ws9b\">1<span class=\"_ _0\"></span>,072<span class=\"_ _351\"> </span></span></span></span></span></span><span class=\"ffc8 ls90 wsbd\"><span class=\"ls3 ws3\"><span class=\"ffc7\"><span class=\"ls63 ws90\"><span class=\"ls6e ws9b\"> </span></span></span></span></span>R&amp;D cr<span class=\"_ _f\"></span>edit<span class=\"_ _10a\"> </span><span class=\"ffc6 ls97 wsc4\">56<span class=\"_ _64\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _124\"> </span><span class=\"ffc7\">56 <span class=\"_ _6c\"> </span>11 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _56\"> </span>67<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ffc7\"> </span></span>Advance corpor<span class=\"_ _3\"></span>ation tax<span class=\"_ _26a\"> </span><span class=\"ffc6 ls52 wse4\">162<span class=\"_ _64\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _269\"> </span><span class=\"ffc7\">1<span class=\"_ _0\"></span>62 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _6a\"> </span>1<span class=\"_ _0\"></span>62<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ffc7\"> </span></span>1<span class=\"_ _0\"></span>,79<span class=\"_ _0\"></span>8<span class=\"_ _67\"> </span><span class=\"ffc6 ls80 wsae\">(6)<span class=\"_ _a5\"> </span></span><span class=\"ffc7\">1<span class=\"_ _2\"></span>,79<span class=\"_ _0\"></span>2 <span class=\"_ _9c\"> </span><span class=\"ls3 ws3\">49<span class=\"_ _0\"></span>5 <span class=\"_ _59\"> </span><span class=\"ls80 wsae\">1<span class=\"_ _0\"></span>03 <span class=\"_ _71\"> </span></span>1 <span class=\"_ _56\"> </span>28 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _269\"> </span>2<span class=\"_ _0\"></span>6 <span class=\"_ _53\"> </span>2<span class=\"_ _0\"></span>,4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span><span class=\"ffc7\"><span class=\"ls3 ws3\"> </span></span>Recognised in:<span class=\"_ _351\"> </span>Continuing oper<span class=\"_ _3\"></span>ations<span class=\"_ _140\"> </span><span class=\"ffc7 ls83 wsb1\">472<span class=\"_ _351\"> </span></span>Discontinued oper<span class=\"_ _3\"></span>ations<span class=\"_ _26b\"> </span><span class=\"ffc7 lsa9 wsd6\">23<span class=\"_ _351\"> </span></span>2021<span class=\"_ _351\"> </span>Intangible assets<span class=\"_ _201\"> </span><span class=\"ffc6 ls75 wsa3\">(567)<span class=\"_ _10f\"> </span><span class=\"ls6e ws9b\">(102<span class=\"_ _0\"></span>)<span class=\"_ _7f\"> </span></span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _5d\"> </span>1<span class=\"_ _0\"></span>88 <span class=\"_ _124\"> </span>1<span class=\"_ _0\"></span>7 <span class=\"_ _a4\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>Pr<span class=\"_ _3\"></span>operty<span class=\"_ _3\"></span>, plant and <span class=\"_ _3\"></span>equipment<span class=\"_ _f1\"> </span><span class=\"ls3 ws3\">34 <span class=\"_ _74\"> </span>14<span class=\"_ _0\"></span>5 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _92\"> </span>23 <span class=\"_ _124\"> </span><span class=\"ffc6 ls80 wsae\">(9)<span class=\"_ _5d\"> </span></span>193<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Other temporary <span class=\"_ _3\"></span>differ<span class=\"_ _3\"></span>ences<span class=\"_ _351\"> </span> 1<span class=\"_ _351\"> </span>34<span class=\"_ _0\"></span>3 <span class=\"_ _6a\"> </span>18<span class=\"_ _0\"></span>5 <span class=\"_ _269\"> </span><span class=\"ffc6 ls64 ws91\">(12)<span class=\"_ _21\"> </span></span>\u2013 <span class=\"_ _124\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _154\"> </span>(49<span class=\"_ _0\"></span>)<span class=\"_ _7d\"> </span></span>8 <span class=\"_ _154\"> </span><span class=\"ls63 ws90\">47<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> </span>Net contract <span class=\"_ _3\"></span>liabilities<span class=\"_ _26c\"> </span><span class=\"ls3 ws3\">56 <span class=\"_ _124\"> </span>17 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _92\"> </span>7<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Pensions and <span class=\"_ _3\"></span>other post-<span class=\"ls3 ws3\"> </span>r<span class=\"_ _3\"></span>etirement <span class=\"_ _3\"></span>scheme benefits<span class=\"_ _ef\"> </span><span class=\"ffc6 ls62 ws8f\">(8)<span class=\"_ _5a\"> </span><span class=\"ls74 wsa2\">(47<span class=\"_ _0\"></span>)<span class=\"_ _154\"> </span><span class=\"ls3 ws3\">(7<span class=\"_ _0\"></span>9)<span class=\"_ _7f\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _124\"> </span></span><span class=\"ls80 wsae\">(6)<span class=\"_ _10b\"> </span>(14<span class=\"_ _0\"></span>0)<span class=\"_ _351\"> </span></span></span></span></span>For<span class=\"_ _f\"></span>eign exchange <span class=\"_ _3\"></span>and commodity<span class=\"_ _351\"> </span> financial assets <span class=\"_ _3\"></span>and liabilities<span class=\"_ _182\"> </span><span class=\"ls3 ws3\">187 <span class=\"_ _5d\"> </span>16<span class=\"_ _0\"></span>5 <span class=\"_ _7f\"> </span>7 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _71\"> </span>1 <span class=\"_ _61\"> </span>2 <span class=\"_ _10d\"> </span>36<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Losses<span class=\"_ _189\"> </span><span class=\"ffc8 ls3 ws3\">850 <span class=\"_ _10d\"> </span>2<span class=\"_ _0\"></span>54 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _124\"> </span>17 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _154\"> </span></span><span class=\"ls6b ws98\">(33)<span class=\"_ _124\"> </span>(3)<span class=\"_ _24b\"> </span><span class=\"ffc8 ls90 wsbd\">1,085<span class=\"_ _351\"> </span></span></span><span class=\"ls6b ws98\"><span class=\"ffc8 ls90 wsbd\"> </span></span>R&amp;D cr<span class=\"_ _f\"></span>edit<span class=\"_ _b9\"> </span><span class=\"lsce wsf8\">2<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span> <span class=\"_ _95\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>0 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _10d\"> </span><span class=\"ffc6 ls66 ws93\">(215<span class=\"_ _3\"></span>)<span class=\"_ _154\"> </span><span class=\"ls6b ws98\">(2<span class=\"_ _0\"></span>3)<span class=\"_ _95\"> </span><span class=\"ffc8 ls3 ws3\">56<span class=\"_ _351\"> </span></span></span></span></span></span><span class=\"lsce wsf8\"><span class=\"ls3 ws3\"><span class=\"ffc6 ls66 ws93\"><span class=\"ls6b ws98\"><span class=\"ffc8 ls3 ws3\"> </span></span></span></span></span>Advance corpor<span class=\"_ _3\"></span>ation tax<span class=\"_ _26d\"> </span><span class=\"ls3 ws3\">16<span class=\"_ _0\"></span>3 <span class=\"_ _7d\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _7f\"> </span></span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _7f\"> </span>\u2013 <span class=\"_ _21\"> </span>\u2013 <span class=\"_ _6a\"> </span>1<span class=\"_ _0\"></span>62<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>1,<span class=\"_ _2\"></span>332 <span class=\"_ _10f\"> </span><span class=\"ls3 ws3\">6<span class=\"_ _0\"></span>36 <span class=\"_ _154\"> </span><span class=\"ffc6 ls60 ws8d\">(84)<span class=\"_ _124\"> </span></span>1<span class=\"_ _0\"></span>7 <span class=\"_ _124\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _154\"> </span><span class=\"ls65 ws92\">(8<span class=\"_ _0\"></span>5)<span class=\"_ _269\"> </span><span class=\"ls60 ws8d\">(1 4)<span class=\"_ _151\"> </span></span></span></span><span class=\"ls5c ws8a\">1<span class=\"_ _2\"></span>,79<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> </span></span>Recognised in:<span class=\"_ _351\"> </span>Continuing oper<span class=\"_ _3\"></span>ations<span class=\"_ _4\"> </span><span class=\"ls3 ws3\">600<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Discontinued oper<span class=\"_ _3\"></span>ations<span class=\"_ _26e\"> </span><span class=\"ls3 ws3\">36<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>1<span class=\"_ _351\"> </span> Other temporary differ<span class=\"_ _3\"></span>ences mainly relate to the defer<span class=\"_ _3\"></span>ral of relief f<span class=\"_ _3\"></span>or interest expenses in the UK and r<span class=\"_ _3\"></span>evenue r<span class=\"_ _3\"></span>ecognised earlier under local GAAP compared to IFRS in Germany<span class=\"_ _351\"> </span>5\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>axation\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Unr<span class=\"_ _3\"></span>ecognised deferred ta<span class=\"_ _3\"></span>x a<span class=\"_ _3\"></span>ssets<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Advance corpor<span class=\"_ _3\"></span>ation tax<span class=\"_ _26f\"> </span><span class=\"ffc7 ls3 ws3\">19 <span class=\"_ _58\"> </span><span class=\"ffc8\">1<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>UK losses<span class=\"_ _15b\"> </span><span class=\"ffc7 ls3 ws3\">2<span class=\"_ _0\"></span>,04<span class=\"_ _0\"></span>0 <span class=\"_ _81\"> </span><span class=\"ffc8\">1,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>63<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>For<span class=\"_ _f\"></span>eign exchange <span class=\"_ _3\"></span>and commodity financial assets <span class=\"_ _3\"></span>and liabilities<span class=\"_ _178\"> </span><span class=\"ffc7 ls3 ws3\">218 <span class=\"_ _86\"> </span><span class=\"ffc8\">3<span class=\"_ _0\"></span>92<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>Losses and <span class=\"_ _3\"></span>other unr<span class=\"_ _3\"></span>ecognised deferr<span class=\"_ _f\"></span>ed tax assets<span class=\"_ _270\"> </span><span class=\"ffc7 ls3 ws3\">33 <span class=\"_ _75\"> </span><span class=\"ffc8\">73<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>Deferr<span class=\"_ _3\"></span>ed tax not <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>ecognised on unused <span class=\"_ _3\"></span>tax losses and <span class=\"_ _3\"></span>other items on <span class=\"_ _3\"></span>the basis th<span class=\"_ _3\"></span>at futur<span class=\"_ _3\"></span>e economic benefit<span class=\"_ _351\"> </span> is uncertain<span class=\"_ _1d7\"> </span><span class=\"ffc7 ls77 wsa5\">2,<span class=\"_ _0\"></span>31<span class=\"_ _0\"></span>0<span class=\"_ _7d\"> </span></span><span class=\"ls63 ws90\">2,0<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span> </span>Gr<span class=\"_ _3\"></span>oss amount and expiry of losses and other deductible temporary diff<span class=\"_ _3\"></span>erences for which n<span class=\"_ _3\"></span>o deferred tax asset has been r<span class=\"_ _f\"></span>ecognised.<span class=\"_ _351\"> </span>2022<span class=\"_ _271\"> </span><span class=\"ffc6\">2021<span class=\"_ _351\"> </span></span>T<span class=\"_ _3\"></span>ot<span class=\"_ _0\"></span>al\u2002gro<span class=\"_ _0\"></span>ss\u2002loss<span class=\"_ _0\"></span>es\u2002a<span class=\"_ _0\"></span>nd\u2002deductible\u2002temporary\u2002differences<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>UK<span class=\"_ _351\"> </span> losses<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Fore<span class=\"_ _0\"></span>ign\u2002excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>\u2002and\u2002commodity\u2002financial\u2002ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s\u2002an<span class=\"_ _0\"></span>d\u2002liabilities<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other\u2002losses\u2002\u00a3m<span class=\"_ _351\"> </span>Other\u2002deductible\u2002temporary\u2002differences<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _0\"></span>al gros<span class=\"_ _0\"></span>s loss<span class=\"_ _0\"></span>es and deductible temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y differences<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>UK<span class=\"_ _351\"> </span> losses<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Forei<span class=\"_ _0\"></span>gn exchange<span class=\"_ _351\"> </span>and<span class=\"_ _351\"> </span> commodi<span class=\"_ _0\"></span>ty financial<span class=\"_ _351\"> </span> ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> liabilities<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other<span class=\"_ _351\"> </span> losses<span class=\"_ _351\"> </span> \u00a3m<span class=\"_ _351\"> </span>Other deductible temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y differences<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Expiry within<span class=\"_ _351\"> </span> 5 years<span class=\"_ _272\"> </span><span class=\"ffc7 ls3 ws3\">83 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _5c\"> </span>83 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _c5\"> </span><span class=\"ffc8\">4 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _ae\"> </span>4 <span class=\"_ _2b\"> </span>\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>Expiry within<span class=\"_ _351\"> </span> 6 to 30 <span class=\"_ _3\"></span>years<span class=\"_ _de\"> </span><span class=\"ffc7 ls3 ws3\">265 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _68\"> </span>265 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ffc8\">282 <span class=\"_ _84\"> </span>\u2013 <span class=\"_ _2b\"> </span>\u2013 <span class=\"_ _157\"> </span>282 <span class=\"_ _2b\"> </span>\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>No expiry<span class=\"_ _11e\"> </span><span class=\"ffc7 ls6c ws99\">9,0<span class=\"_ _0\"></span>57 <span class=\"_ _cc\"> </span><span class=\"ls6d wscb\">8,1<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span> <span class=\"_ _7d\"> </span><span class=\"ls3 ws3\">87<span class=\"_ _0\"></span>1 <span class=\"_ _83\"> </span>2<span class=\"_ _0\"></span>7 <span class=\"_ _2b\"> </span>2 <span class=\"_ _87\"> </span></span></span></span><span class=\"lsd0 wsfa\">7,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _154\"> </span><span class=\"ls74 wsa2\">6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>51 <span class=\"_ _154\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>56<span class=\"_ _0\"></span>7 <span class=\"_ _71\"> </span>66 <span class=\"_ _6c\"> </span>10<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span><span class=\"lsd0 wsfa\"><span class=\"ls74 wsa2\"><span class=\"ls3 ws3\"> </span></span></span>9,4<span class=\"_ _0\"></span>05 <span class=\"_ _cc\"> </span><span class=\"ls6d wscb\">8,1<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span> <span class=\"_ _7d\"> </span><span class=\"ls3 ws3\">87<span class=\"_ _0\"></span>1 <span class=\"_ _157\"> </span><span class=\"ls6e ws9b\">375 <span class=\"_ _ae\"> </span></span>2 <span class=\"_ _87\"> </span><span class=\"ffc8\">8,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>78 <span class=\"_ _154\"> </span><span class=\"ls74 wsa2\">6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span> <span class=\"_ _74\"> </span></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>67 <span class=\"_ _81\"> </span><span class=\"ls7b wsaa\">3<span class=\"_ _0\"></span>52 <span class=\"_ _6c\"> </span></span>10<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span></span></span><span class=\"ls6d wscb\"><span class=\"ls3 ws3\"><span class=\"ffc8\"> </span></span></span>In <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>gross <span class=\"_ _2\"></span>bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ces <span class=\"_ _2\"></span>show<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bove<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>dvan<span class=\"_ _0\"></span>ce <span class=\"_ _2\"></span>cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ax <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>\u00a3<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>m <span class=\"_ _2\"></span>(2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1: <span class=\"_ _2\"></span>\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>9m) <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>Adv<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span> <span class=\"_ _35\"></span><span class=\"ls3 ws3\"> </span>cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>ax ha<span class=\"_ _0\"></span>s no expir<span class=\"_ _0\"></span>y.<span class=\"_ _351\"> </span> Of th<span class=\"_ _0\"></span>e total de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et of \u00a32<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>31m<span class=\"_ _0\"></span>, \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,73<span class=\"_ _0\"></span>6m) rela<span class=\"_ _0\"></span>tes to the UK and is mad<span class=\"_ _0\"></span>e up as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4m) rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng to ta<span class=\"_ _0\"></span>x losse<span class=\"_ _0\"></span>s;<span class=\"_ _0\"></span> </span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">\u00a36<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a33<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>m) arisin<span class=\"_ _0\"></span>g on unrealis<span class=\"_ _0\"></span>ed lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on deri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">\u00a3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>62<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a31<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>2m) of advan<span class=\"_ _0\"></span>ce cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>; and<span class=\"_ _0\"></span> </span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls92 wsbf\">\u00a3<span class=\"_ _0\"></span>29<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a31<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>1m) rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to othe<span class=\"_ _0\"></span>r dedu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le temp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, in par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icul<span class=\"_ _0\"></span>ar ta<span class=\"_ _0\"></span>x dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> and relie<span class=\"_ _0\"></span>f for interes<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls92 wsbf\"> </span></span>The <span class=\"_ _0\"></span>UK <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>rima<span class=\"_ _0\"></span>rily <span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ise <span class=\"_ _0\"></span>in R<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royc<span class=\"_ _0\"></span>e pl<span class=\"_ _0\"></span>c an<span class=\"_ _0\"></span>d have <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess <span class=\"_ _0\"></span>will<span class=\"_ _0\"></span> gen<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>ts an<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies in the fu<span class=\"_ _0\"></span>ture agai<span class=\"_ _0\"></span>nst whi<span class=\"_ _0\"></span>ch the los<span class=\"_ _0\"></span>ses and de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e tempo<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rence<span class=\"_ _0\"></span>s can be ut<span class=\"_ _0\"></span>ilis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> Mos<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>K <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ses <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Ae<span class=\"_ _0\"></span>rospa<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>eng<span class=\"_ _0\"></span>ine <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>makes <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ial <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span> of a program<span class=\"_ _0\"></span>me and the<span class=\"_ _0\"></span>n makes a profit thro<span class=\"_ _0\"></span>ugh it<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s for ser<span class=\"_ _2\"></span>vic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. The pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e life<span class=\"_ _0\"></span>cycl<span class=\"_ _0\"></span>es are ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y in excess of 30 years<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> De<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>onl<span class=\"_ _0\"></span>y <span class=\"_ _f\"></span>to <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>ex<span class=\"_ _2\"></span>tent <span class=\"_ _3\"></span>tha<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>is <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>tha<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>f<span class=\"_ _0\"></span>uture <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _f\"></span>p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>gai<span class=\"_ _0\"></span>nst <span class=\"_ _3\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span> ut<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> A <span class=\"_ _3\"></span>re<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> ha<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>, ta<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f de<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> ag<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> rev<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>e of<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> usi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g la<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t UK<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>, wh<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span> are ma<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nl<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> dri<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n by th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> Ci<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> Aer<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e la<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> bus<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>, to as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> lev<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l of fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> ta<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> The rec<span class=\"_ _0\"></span>overab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s has be<span class=\"_ _0\"></span>en ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed on th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing ba<span class=\"_ _0\"></span>sis:<span class=\"_ _0\"></span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">usin<span class=\"_ _0\"></span>g the mos<span class=\"_ _0\"></span>t recen<span class=\"_ _0\"></span>t UK profi<span class=\"_ _0\"></span>t forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s which are consis<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t with pa<span class=\"_ _0\"></span>st exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce and ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal sou<span class=\"_ _0\"></span>rces on mar<span class=\"_ _0\"></span>ket condi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span> </span></span>fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s cover the nex<span class=\"_ _0\"></span>t five yea<span class=\"_ _0\"></span>rs;<span class=\"_ _0\"></span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>the <span class=\"_ _2\"></span>lon<span class=\"_ _0\"></span>g-t<span class=\"_ _0\"></span>erm <span class=\"_ _2\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st <span class=\"_ _2\"></span>profi<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rofil<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>jor <span class=\"_ _2\"></span>la<span class=\"_ _0\"></span>rge <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wh<span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>excess <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ears <span class=\"_ _2\"></span>from <span class=\"_ _2\"></span>init<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span> <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt to retirem<span class=\"_ _0\"></span>ent of the fle<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g the af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>rket revenu<span class=\"_ _0\"></span>es earn<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m airlin<span class=\"_ _0\"></span>e custo<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s;<span class=\"_ _0\"></span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>into <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>unt <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>k <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>tor<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ges <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>lly <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>dema<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>our <span class=\"_ _2\"></span>prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>shif<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>cus<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls5c ws8a\"> </span></span>toward<span class=\"_ _0\"></span>s more sust<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e produ<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s and so<span class=\"_ _0\"></span>lut<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s;<span class=\"_ _0\"></span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n that all comm<span class=\"_ _0\"></span>ercial ae<span class=\"_ _0\"></span>ro-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>es will be co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le wit<span class=\"_ _0\"></span>h sust<span class=\"_ _0\"></span>aina<span class=\"_ _0\"></span>ble fu<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s by the end of 202<span class=\"_ _0\"></span>3;<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\"> a 25% proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the severe bu<span class=\"_ _0\"></span>t plaus<span class=\"_ _0\"></span>ible do<span class=\"_ _0\"></span>wnsi<span class=\"_ _0\"></span>de fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t mate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g in relat<span class=\"_ _0\"></span>ion to the civ<span class=\"_ _0\"></span>il avia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n indus<span class=\"_ _0\"></span>tr<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls5c ws8a\"> </span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">th<span class=\"_ _0\"></span>e long<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t profi<span class=\"_ _0\"></span>t and cost pro<span class=\"_ _0\"></span>file of the ot<span class=\"_ _0\"></span>her pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of the busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> </span></span>5\u2002<span class=\"_ _c\"> </span>T<span class=\"_ _f\"></span>axation\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>The<span class=\"_ _0\"></span> asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent ta<span class=\"_ _0\"></span>kes into acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span> UK ta<span class=\"_ _0\"></span>x law<span class=\"_ _0\"></span>s that<span class=\"_ _0\"></span>, in bro<span class=\"_ _0\"></span>ad ter<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span>, res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>t the of<span class=\"_ _2\"></span>fs<span class=\"_ _0\"></span>et of the<span class=\"_ _0\"></span> car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d for<span class=\"_ _2\"></span>ward t<span class=\"_ _0\"></span>ax lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es to 50<span class=\"_ _0\"></span>% of curren<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span> year <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>In <span class=\"_ _2\"></span>addi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>amou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>timi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of<span class=\"_ _0\"></span> macro<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic f<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s and cl<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge on <span class=\"_ _0\"></span>exis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng l<span class=\"_ _0\"></span>arge e<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. B<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n this a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup ha<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> a total UK de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et of \u00a32<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m. Thi<span class=\"_ _0\"></span>s refle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e conclu<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s that<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">It is prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e that the bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s will gen<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>te ta<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le inco<span class=\"_ _0\"></span>me and ta<span class=\"_ _0\"></span>x liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in the future ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t which the<span class=\"_ _0\"></span>se los<span class=\"_ _0\"></span>ses ca<span class=\"_ _0\"></span>n be util<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls5c ws8a\"> </span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>Ba<span class=\"_ _0\"></span>sed <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrent <span class=\"_ _2\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>ous <span class=\"_ _2\"></span>scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rar<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>dif<span class=\"_ _2\"></span>feren<span class=\"_ _0\"></span>ces <span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>be <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ull<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>hin <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>rge <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>life<span class=\"_ _0\"></span>cyc<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>expl<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oten<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>impa<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>clima<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ge <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> and sen<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y anal<span class=\"_ _0\"></span>ysis ca<span class=\"_ _0\"></span>n be found in note 1<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> The Gro<span class=\"_ _0\"></span>up has not recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a deferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>t in r<span class=\"_ _3\"></span>esp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct of 20<span class=\"_ _0\"></span>22 UK t<span class=\"_ _0\"></span>ax los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>es the impa<span class=\"_ _0\"></span>ct of the IA<span class=\"_ _0\"></span>S 37 ame<span class=\"_ _0\"></span>ndme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The othe<span class=\"_ _3\"></span>r sig<span class=\"_ _3\"></span>nificant <span class=\"_ _3\"></span>deferred <span class=\"_ _3\"></span>tax asset <span class=\"_ _3\"></span>arises <span class=\"_ _3\"></span>in R<span class=\"_ _3\"></span>olls-Royce <span class=\"_ _3\"></span>Deutschland L<span class=\"_ _3\"></span>td &amp;<span class=\"_ _3\"></span> Co <span class=\"_ _3\"></span>KG, wher<span class=\"_ _3\"></span>e the<span class=\"_ _3\"></span> mai<span class=\"_ _3\"></span>n activity is <span class=\"_ _3\"></span>business<span class=\"_ _3\"></span> avi<span class=\"_ _3\"></span>ation. The<span class=\"_ _351\"> </span> tot<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>set <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: <span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m), <span class=\"_ _0\"></span>whic<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>has <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>full<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>reve<span class=\"_ _0\"></span>nue <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g<span class=\"_ _351\"> </span> reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed and t<span class=\"_ _0\"></span>axe<span class=\"_ _0\"></span>d ear<span class=\"_ _0\"></span>lier und<span class=\"_ _0\"></span>er lo<span class=\"_ _0\"></span>cal t<span class=\"_ _0\"></span>ax rul<span class=\"_ _0\"></span>es result<span class=\"_ _0\"></span>ing in a ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t when revenu<span class=\"_ _0\"></span>e is recogni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in the accou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s.<span class=\"_ _351\"> </span>Any <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x <span class=\"_ _0\"></span>law <span class=\"_ _2\"></span>or <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ture <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ould <span class=\"_ _2\"></span>have <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant <span class=\"_ _2\"></span>ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>dif<span class=\"_ _2\"></span>feren<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>inc<span class=\"_ _0\"></span>ludin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>the perio<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>over <span class=\"_ _3\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hey can <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>use<span class=\"_ _0\"></span>d. In <span class=\"_ _f\"></span>vie<span class=\"_ _0\"></span>w <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>his <span class=\"_ _3\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cant judgem<span class=\"_ _0\"></span>ent <span class=\"_ _3\"></span>invol<span class=\"_ _0\"></span>ved <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>Bo<span class=\"_ _0\"></span>ard<span class=\"_ _351\"> </span> cont<span class=\"_ _0\"></span>inu<span class=\"_ _0\"></span>ousl<span class=\"_ _0\"></span>y reasse<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es this area<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> tem<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> ass<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>s in sub<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> joi<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> ven<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> and<span class=\"_ _0\"></span> ass<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>es<span class=\"_ _2\"></span>, fo<span class=\"_ _0\"></span>r whi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h a def<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _2\"></span>y ha<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, ag<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> to \u00a31<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>2m<span class=\"_ _0\"></span> (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: \u00a39<span class=\"_ _2\"></span>57m)<span class=\"_ _0\"></span>. N<span class=\"_ _0\"></span>o de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d ta<span class=\"_ _2\"></span>x lia<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>al wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hh<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> will not be gi<span class=\"_ _0\"></span>ven in the fores<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e future<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> The <span class=\"_ _0\"></span>Gro<span class=\"_ _0\"></span>up is <span class=\"_ _0\"></span>revi<span class=\"_ _0\"></span>ewin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he O<span class=\"_ _0\"></span>ECD P<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>ar T<span class=\"_ _3\"></span>wo <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>glo<span class=\"_ _0\"></span>bal <span class=\"_ _0\"></span>minimum <span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>) ru<span class=\"_ _0\"></span>les <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>K dra<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch wa<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> relea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on 20 July 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se rule<span class=\"_ _0\"></span>s will appl<span class=\"_ _0\"></span>y to the Group from 202<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-790": {
   "value": "6\u2002 Earnings\u2002per\u2002ordinary\u2002share Basic earnings per ordinary share (EPS) is calculated by dividing the (loss)/profit attributable to ordinary shareholders by the weighted  average number of ordinary shares in issue during the year, excluding ordinary shares held under trust, which have been treated as if  they had been cancelled. As there is a continuing loss during the year, the effect of potentially dilutive ordinary shares is anti-dilutive. 2022 2021  Basic Potentially\u2002dilutive\u2002share\u2002options Diluted\u2002 Basic Potentially  dilutive share options Diluted  (Loss)/profit attributable to ordinary shareholders (\u00a3m): Continuing operations (1,189) (1,189) 123  123  Discontinued operations (80) (80) (3) (3) (1,269) (1,269) 120  120  Weighted average number of ordinary shares (millions) 8,349  \u2013  8,349  8,332  20  8,352 EPS (pence): Continuing operations (14.24) \u2013  (14.24) 1.48  (0.01) 1.47  Discontinued operations (0.96) \u2013  (0.96) (0.04) \u2013  (0.04) (15.20) \u2013  (15.20) 1.44  (0.01) 1.43  The reconciliation between underlying EPS and basic EPS is as follows: 2022 2021  Pence\u2002 \u00a3m Pence  \u00a3m Underlying EPS/Underlying profit from continuing operations attributable to  ordinary shareholders 1.95  163  0.11  9  Total underlying adjustments to (loss)/profit before taxation (note 2) (20.45) (1,708) (3.96) (330) Related tax effects 4.26  356  5.33  444 EPS/(Loss)/profit from continuing operations attributable to ordinary shareholders (14.24) (1,189) 1.48  123  Diluted underlying EPS from continuing operations attributable to ordinary  shareholders 1.95  0.11  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-791": {
   "value": "7\u2002 Auditors\u2019\u2002remuneration 2022 \u00a3m  2021 \u00a3m  Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s annual Financial Statements 3.5  3.3  Fees payable to the Company\u2019s auditor and its associates for the audit of the Company\u2019s subsidiaries pursuant  to legislation  8.5  8.3  Total\u2002fees\u2002payable\u2002for\u2002audit\u2002services 12.0  11.6  Fees payable to the Company\u2019s auditor and its associates for other services: Audit related assurance services  1 1.3  1.7 Other assurance services  2 0.2  0.2  Total fees payable to the Company\u2019s auditor and its associates  3 13.5  13.5  Fees payable in respect of the Group\u2019s pension schemes: Audit 0.1  0.1 1  This includes \u00a30.7m (2021: \u00a30.7m) for the review of the half-year report, \u00a30.6m (2021: \u00a30.8m) in respect of the audit of grant claims 2  This includes \u00a30.1m in respect of agreed upon procedures in respect of levies payable to BEIS (Department of Business, Energy and Industrial Strategy) (2021: \u00a30.1m) and \u00a30.1m in respect  of sustainability assurance work (2021: \u00a3nil) 3  Audit fees for overseas entities are reported at the average exchange rate for the year ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-792": {
   "value": "8\u2002 Employee\u2002information 2022  Number 2021 Number United Kingdom 19,900  19,700 Germany 9,700  9,500  United States 5,000  5,000 Spain 1,800  2,700  Italy 900  900  Singapore 700  900  Canada 700  700  India 500  600  France 100  600  Nordics \u2013  700  Rest of world 2,500  2,700  Monthly\u2002average\u2002number\u2002of\u2002employees 41,800  44,000 Civil Aerospace  17,700  17,900  Defence  11,000  11,100  Power Systems  9,400  9,100 New Markets  800  400  Other businesses  1 \u2013  1,400  Corporate  2 100  100  Monthly\u2002average\u2002number\u2002of\u2002employees\u2002excluding\u2002discontinued\u2002operations 39,000  40,000  ITP Aero (classified as discontinued operation)  3 2,800  4,000  Monthly\u2002average\u2002number\u2002of\u2002employees 41,800  44,000 2022 2021 Continuing\u2002operations \u00a3m  Discontinued\u2002operations \u00a3m  Total \u00a3m  Continuing operations \u00a3m  Discontinued  operations \u00a3m  Total \u00a3m  Wages, salaries and benefits 2,629  117  2,746  2,392  154  2,546  Social security costs 378  27  405  343  36  379  Share-based payments (note 24) 47  \u2013  47  28  \u2013  28  Pensions and other post-retirement scheme benefits  (note 22) 268  2  270  250  3  253  Group\u2002employment\u2002costs\u20024 3,322  146  3,468  3,013 193 3,206 1  Other businesses are set out in note 2 on page 125  2  Corporate consists of employees who do not provide a shared service to the segments. Where corporate functions provide such a service, employees have been allocated to the  segments on an appropriate basis 3  ITP Aero was disposed of on 15 September 2022. The monthly average number of employees over the nine months to disposal was 4,200 4  Remuneration of key management personnel is shown in note 26  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-843": {
   "value": "9\u2002<span class=\"_ _c\"> </span>Intangible\u2002assets<span class=\"_ _351\"> </span>Goodwill<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Certification<span class=\"_ _351\"> </span>costs<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Development<span class=\"_ _351\"> </span>expenditure<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Customer\u2002relationships<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re\u20021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Cost:<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January 2021<span class=\"_ _28a\"> </span><span class=\"ls64 ws91\">1,112 <span class=\"_ _5c\"> </span><span class=\"ls3 ws3\">9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3 <span class=\"_ _a0\"> </span>3,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>64 <span class=\"_ _68\"> </span><span class=\"ls169 ws198\">1,403 <span class=\"_ _5c\"> </span></span>968 <span class=\"_ _73\"> </span>893 <span class=\"_ _92\"> </span><span class=\"lsd1 wsfc\">8,903<span class=\"_ _3\"></span> </span></span></span>Additions<span class=\"_ _243\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _ed\"> </span>1 <span class=\"_ _1a\"> </span>104 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _84\"> </span>83 <span class=\"_ _c8\"> </span>35 <span class=\"_ _64\"> </span><span class=\"ls90 wsbd\">223<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ls90 wsbd\"> </span></span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span> 2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _57\"> </span><span class=\"ffc6 ls80 wsae\">(6)<span class=\"_ _73\"> </span><span class=\"ls6e ws9b\">(1<span class=\"_ _0\"></span>79)<span class=\"_ _21\"> </span><span class=\"ls62 ws8f\">(86<span class=\"_ _0\"></span>8)<span class=\"_ _84\"> </span><span class=\"ls65 ws92\">(1<span class=\"_ _0\"></span>5)<span class=\"_ _62\"> </span></span></span></span></span><span class=\"ffc6\">(59)<span class=\"_ _99\"> </span></span><span class=\"ls7b wsaa\">(1,1<span class=\"_ _0\"></span>27<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Disposals<span class=\"_ _28b\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _7b\"> </span><span class=\"ls3 ws3\">(22)<span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _84\"> </span></span></span>(51<span class=\"_ _0\"></span>)<span class=\"_ _bb\"> </span><span class=\"ls3 ws3\">(2)<span class=\"_ _85\"> </span>(79)<span class=\"_ _351\"> </span></span></span>Reclassifications<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _bb\"> </span><span class=\"ffc6\">(2)<span class=\"_ _e7\"> </span></span>8 <span class=\"_ _e7\"> </span>6<span class=\"_ _351\"> </span> Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _d6\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _1b5\"> </span><span class=\"ls6b ws98\">(3)<span class=\"_ _1a\"> </span><span class=\"ls80 wsae\">(9<span class=\"_ _0\"></span>6)<span class=\"_ _1a\"> </span>(60)<span class=\"_ _1b5\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>5)<span class=\"_ _7b\"> </span></span></span></span>(42)<span class=\"_ _aa\"> </span><span class=\"ls60 ws8d\">(2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _d7\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>60 <span class=\"_ _73\"> </span>93<span class=\"_ _0\"></span>3 <span class=\"_ _156\"> </span>3,<span class=\"_ _0\"></span>393 <span class=\"_ _6f\"> </span><span class=\"ls63 ws90\">475<span class=\"_ _0\"></span> <span class=\"_ _86\"> </span></span>978 <span class=\"_ _73\"> </span>83<span class=\"_ _0\"></span>3 <span class=\"_ _81\"> </span><span class=\"lsd0 wsfa\">7,<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span> </span></span><span class=\"ls3 ws3\"><span class=\"lsd0 wsfa\"></span></span><span class=\"ls3 ws3\"><span class=\"lsd0 wsfa\"></span></span><span class=\"ls3 ws3\"><span class=\"lsd0 wsfa\"></span></span>Additions<span class=\"_ _243\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _ae\"> </span><span class=\"ls77 wsa5\">131 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _75\"> </span>78 <span class=\"_ _be\"> </span>21 <span class=\"_ _73\"> </span>230<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>Disposals<span class=\"_ _26c\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _26\"> </span><span class=\"ls63 ws90\">(9<span class=\"_ _0\"></span>0)<span class=\"_ _dc\"> </span>(1)<span class=\"_ _ae\"> </span>(91)<span class=\"_ _351\"> </span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _d7\"> </span><span class=\"ffc7 ls6e ws9b\">75<span class=\"_ _0\"></span> <span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">2 <span class=\"_ _ae\"> </span>80 <span class=\"_ _de\"> </span><span class=\"ls62 ws8f\">37 <span class=\"_ _be\"> </span></span>12 <span class=\"_ _c8\"> </span>33 <span class=\"_ _86\"> </span>239<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls6e ws9b\"><span class=\"ls3 ws3\"> </span></span>At\u200231\u2002December\u20022022<span class=\"_ _187\"> </span><span class=\"ffc7 ls6d wscb\">1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span> <span class=\"_ _73\"> </span><span class=\"ls7b wsaa\">935 <span class=\"_ _87\"> </span><span class=\"ls3 ws3\">3,6<span class=\"_ _0\"></span>04 <span class=\"_ _85\"> </span></span></span></span><span class=\"ffc7\">51<span class=\"_ _0\"></span>2 <span class=\"_ _86\"> </span><span class=\"ls75 wsa3\">978 <span class=\"_ _83\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _0\"></span>86 <span class=\"_ _56\"> </span>8<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>50<span class=\"_ _351\"> </span></span></span></span><span class=\"ffc7\"><span class=\"ls75 wsa3\"><span class=\"ls3 ws3\"> </span></span></span>Accumulated\u2002amortisation\u2002and\u2002impair<span class=\"_ _3\"></span>ment:<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January 2021<span class=\"_ _66\"> </span><span class=\"ls3 ws3\">38 <span class=\"_ _86\"> </span><span class=\"ls6e ws9b\">429 <span class=\"_ _68\"> </span></span>1,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>03 <span class=\"_ _64\"> </span><span class=\"ls63 ws90\">47<span class=\"_ _0\"></span>8 <span class=\"_ _83\"> </span><span class=\"ls6e ws9b\">6<span class=\"_ _0\"></span>07 <span class=\"_ _5c\"> </span></span></span>4<span class=\"_ _0\"></span>03 <span class=\"_ _124\"> </span></span>3<span class=\"_ _0\"></span>,75<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span> Charge for <span class=\"_ _3\"></span>the year<span class=\"_ _351\"> </span> 4<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _be\"> </span>21 <span class=\"_ _75\"> </span>75 <span class=\"_ _84\"> </span>5<span class=\"_ _0\"></span>9 <span class=\"_ _c8\"> </span>97 <span class=\"_ _84\"> </span>2<span class=\"_ _0\"></span>9 <span class=\"_ _85\"> </span>281<span class=\"_ _351\"> </span> Impairment<span class=\"_ _28c\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _ed\"> </span>1 <span class=\"_ _65\"> </span>8 <span class=\"_ _e7\"> </span>9<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span> 2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _1b5\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _c8\"> </span>(51)<span class=\"_ _73\"> </span><span class=\"ls80 wsae\">(1<span class=\"_ _0\"></span>76)<span class=\"_ _60\"> </span>( 1<span class=\"_ _0\"></span>0)<span class=\"_ _19\"> </span></span></span>\u2013 <span class=\"_ _73\"> </span><span class=\"ffc6 ls6c ws99\">(<span class=\"_ _0\"></span>241)<span class=\"_ _351\"> </span></span>Disposals<span class=\"_ _28b\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _c8\"> </span><span class=\"ls80 wsae\">(21)<span class=\"_ _d2\"> </span></span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _62\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _c4\"> </span><span class=\"ls80 wsae\">(1)<span class=\"_ _7b\"> </span><span class=\"lsce wsf8\">(<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Reclassifications<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _e7\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _e7\"> </span>6 <span class=\"_ _17e\"> </span>1 <span class=\"_ _c4\"> </span>6<span class=\"_ _351\"> </span> Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _28d\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _62\"> </span><span class=\"ffc6 ls80 wsae\">(66)<span class=\"_ _2b\"> </span><span class=\"ls6e ws9b\">(19)<span class=\"_ _1b5\"> </span><span class=\"ls6b ws98\">(3)<span class=\"_ _85\"> </span></span></span>(20)<span class=\"_ _72\"> </span><span class=\"ls6e ws9b\">(10<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">34 <span class=\"_ _64\"> </span><span class=\"ls6e ws9b\">42<span class=\"_ _0\"></span>5 <span class=\"_ _157\"> </span></span></span>1<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>0 <span class=\"_ _64\"> </span><span class=\"ls6e ws9b\">3<span class=\"_ _0\"></span>42 <span class=\"_ _5c\"> </span><span class=\"ls3 ws3\">650 <span class=\"_ _73\"> </span></span>42<span class=\"_ _0\"></span>0 <span class=\"_ _157\"> </span><span class=\"ls73 wsa1\">3<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>31<span class=\"_ _351\"> </span></span></span><span class=\"ls6e ws9b\"><span class=\"ls73 wsa1\"> </span></span>Charge for <span class=\"_ _3\"></span>the year<span class=\"_ _351\"> </span> 4<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _be\"> </span>21 <span class=\"_ _75\"> </span>7<span class=\"_ _0\"></span>7 <span class=\"_ _c8\"> </span>35 <span class=\"_ _84\"> </span>86 <span class=\"_ _c8\"> </span>33 <span class=\"_ _6f\"> </span><span class=\"ls6c ws99\">2<span class=\"_ _0\"></span>52<span class=\"_ _351\"> </span></span><span class=\"ls6c ws99\"> </span>Impairment<span class=\"_ _1f5\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _1b5\"> </span>17 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _57\"> </span><span class=\"ls6e ws9b\">13<span class=\"_ _0\"></span> <span class=\"_ _65\"> </span></span>5 <span class=\"_ _c8\"> </span>35<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>Disposals<span class=\"_ _26c\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _85\"> </span><span class=\"ls6c ws99\">(82)<span class=\"_ _dc\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _85\"> </span><span class=\"ls6d wscb\">(83)<span class=\"_ _351\"> </span></span></span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _1b9\"> </span><span class=\"ffc7 ls3 ws3\">2 <span class=\"_ _ed\"> </span>1 <span class=\"_ _c8\"> </span>58 <span class=\"_ _28f\"> </span>29 <span class=\"_ _65\"> </span>8 <span class=\"_ _58\"> </span>19 <span class=\"_ _2b\"> </span>117<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _df\"> </span><span class=\"ffc7 ls3 ws3\">36 <span class=\"_ _64\"> </span><span class=\"ls83 wsb1\">4<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span> <span class=\"_ _61\"> </span><span class=\"ls15b ws189\">1,912 <span class=\"_ _72\"> </span></span></span>40<span class=\"_ _0\"></span>6 <span class=\"_ _86\"> </span><span class=\"ls6e ws9b\">6<span class=\"_ _0\"></span>75 <span class=\"_ _64\"> </span><span class=\"ls83 wsb1\">476<span class=\"_ _0\"></span> <span class=\"_ _6b\"> </span><span class=\"ls6c ws99\">3,<span class=\"_ _0\"></span>952<span class=\"_ _0\"></span> </span></span></span></span>Net\u2002book\u2002value\u2002at:<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _bd\"> </span><span class=\"ffc7 ls3 ws3\">1<span class=\"_ _0\"></span>,09<span class=\"_ _0\"></span>9 <span class=\"_ _83\"> </span>4<span class=\"_ _0\"></span>88 <span class=\"_ _157\"> </span><span class=\"lsaa wsd7\">1,692 <span class=\"_ _64\"> </span></span>1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6 <span class=\"_ _83\"> </span><span class=\"ls80 wsae\">303 <span class=\"_ _1a\"> </span><span class=\"ls74 wsa2\">410 <span class=\"_ _92\"> </span></span></span>4,<span class=\"_ _0\"></span>098<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _131\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,026 <span class=\"_ _83\"> </span>508 <span class=\"_ _81\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>63<span class=\"_ _0\"></span>3 <span class=\"_ _62\"> </span>133 <span class=\"_ _64\"> </span><span class=\"ls6b ws98\">328 <span class=\"_ _85\"> </span><span class=\"ls6c ws99\">413 <span class=\"_ _81\"> </span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>41<span class=\"_ _0\"></span> </span></span></span>1<span class=\"_ _351\"> </span> Includes \u00a393m (2021: <span class=\"_ _3\"></span>\u00a3115m) of softwar<span class=\"_ _3\"></span>e under course <span class=\"_ _3\"></span>of construction which is <span class=\"_ _3\"></span>not amortised<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span> ITP Aer<span class=\"_ _3\"></span>o was classified as <span class=\"_ _3\"></span>a disposal gr<span class=\"_ _f\"></span>oup held for sale at <span class=\"_ _3\"></span>30 June 2021<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span> Includes r<span class=\"_ _3\"></span>eclassifications within intangible assets <span class=\"_ _3\"></span>or from <span class=\"_ _3\"></span>property<span class=\"_ _f\"></span>, plant and equipment when <span class=\"_ _3\"></span>available for use<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span> Charged to cost <span class=\"_ _3\"></span>of sales and commer<span class=\"_ _f\"></span>cial and administrative <span class=\"_ _3\"></span>costs except development <span class=\"_ _3\"></span>costs, which ar<span class=\"_ _3\"></span>e charged to r<span class=\"_ _f\"></span>esearch and development <span class=\"_ _3\"></span>costs<span class=\"_ _351\"> </span>At 31 <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up had expe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ture commi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s for sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re of \u00a337m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a349<span class=\"_ _0\"></span>m).<span class=\"_ _0\"></span> 9\u2002<span class=\"_ _c\"> </span>Intangible\u2002assets\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Goodwill<span class=\"_ _351\"> </span>In <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce <span class=\"_ _f\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>requi<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts of <span class=\"_ _f\"></span>IA<span class=\"_ _0\"></span>S <span class=\"_ _3\"></span>36<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>is <span class=\"_ _3\"></span>all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _f\"></span>CG<span class=\"_ _0\"></span>Us<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>grou<span class=\"_ _0\"></span>ps <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>C<span class=\"_ _0\"></span>GU<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to <span class=\"_ _f\"></span>ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span> from the s<span class=\"_ _0\"></span>yne<span class=\"_ _0\"></span>rgies of th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss comb<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n that gave rise to the go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>dwil<span class=\"_ _0\"></span>l as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>Cash-gener<span class=\"_ _3\"></span>ating unit (CGU) or gr<span class=\"_ _3\"></span>oup of CGUs<span class=\"_ _351\"> </span>Primary<span class=\"_ _0\"></span>\u2002operating<span class=\"_ _351\"> </span>segment<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Rolls-Roy<span class=\"_ _3\"></span>ce Power Systems <span class=\"_ _3\"></span>AG<span class=\"_ _42\"> </span><span class=\"ls6b ws98\">Power <span class=\"_ _3\"></span>Systems<span class=\"_ _f5\"> </span><span class=\"ffc7 ls3 ws3\">81<span class=\"_ _0\"></span>8 <span class=\"_ _dc\"> </span></span><span class=\"ls80 wsae\">760<span class=\"_ _351\"> </span></span></span><span class=\"ls6b ws98\"><span class=\"ls80 wsae\"> </span></span>Rolls-Roy<span class=\"_ _3\"></span>ce Deutschland Ltd <span class=\"_ _3\"></span>&amp; Co K<span class=\"_ _3\"></span>G<span class=\"_ _1da\"> </span><span class=\"ls77 wsa5\">C<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>l Aerosp<span class=\"_ _0\"></span>ace<span class=\"_ _39\"> </span><span class=\"ffc7 ls74 wsa2\">2<span class=\"_ _0\"></span>41 <span class=\"_ _e7\"> </span></span><span class=\"ls3 ws3\">22<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span><span class=\"ls77 wsa5\"><span class=\"ls3 ws3\"> </span></span>Other<span class=\"_ _290\"> </span><span class=\"lsab wsd8\">V<span class=\"_ _3\"></span>arious<span class=\"_ _d9\"> </span><span class=\"ffc7 ls3 ws3\">4<span class=\"_ _0\"></span>0 <span class=\"_ _127\"> </span><span class=\"ffc8\">3<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span></span></span><span class=\"lsab wsd8\"><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></span>1,0<span class=\"_ _0\"></span>99 <span class=\"_ _60\"> </span><span class=\"ffc8 ls9c wsc9\">1<span class=\"_ _0\"></span>,026<span class=\"_ _351\"> </span></span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l has been test<span class=\"_ _0\"></span>ed for impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt during 20<span class=\"_ _0\"></span>22 on the foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g basis:<span class=\"_ _0\"></span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>refere<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>hig<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lue <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>use <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> </span></span>valu<span class=\"_ _0\"></span>e less cos<span class=\"_ _0\"></span>ts of disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al (F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>LCOD)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>The <span class=\"_ _2\"></span>recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount <span class=\"_ _2\"></span>has <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>sing <span class=\"_ _2\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>are <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>consi<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>pas<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>urces <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>inf<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket <span class=\"_ _2\"></span>cond<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>nera<span class=\"_ _0\"></span>lly <span class=\"_ _2\"></span>cover <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>five <span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ars<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>red <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>refl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>G<span class=\"_ _b\"></span>U<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>U<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>I<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>fl<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>commi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>relev<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Wh<span class=\"_ _0\"></span>ere <span class=\"_ _3\"></span>gen<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion assumpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>have <span class=\"_ _3\"></span>be<span class=\"_ _0\"></span>en r<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d, these <span class=\"_ _3\"></span>have been estim<span class=\"_ _0\"></span>ated base<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rnal<span class=\"_ _0\"></span>ly<span class=\"_ _351\"> </span> sourc<span class=\"_ _0\"></span>ed data<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>infl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>3% <span class=\"_ _3\"></span>to 4% <span class=\"_ _f\"></span>have <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>een includ<span class=\"_ _0\"></span>ed in <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>on the <span class=\"_ _f\"></span>n<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>nd geogr<span class=\"_ _0\"></span>aphy<span class=\"_ _0\"></span> of the flow<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls8a wsb7\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ke<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>re<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mp<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> are<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> dis<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n pa<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>ic<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> </span><span class=\"ffc8 ls8a wsb7\"></span></span><span class=\"ffc6\"><span class=\"ffc8 ls8a wsb7\"></span></span><span class=\"ffc6\"><span class=\"ffc8 ls8a wsb7\"></span></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> vo<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s)<span class=\"_ _2\"></span>, th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> exc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> on<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n se<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> and cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d grow<span class=\"_ _0\"></span>th rate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt test<span class=\"_ _0\"></span>s are per<span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>med usi<span class=\"_ _0\"></span>ng preva<span class=\"_ _0\"></span>ilin<span class=\"_ _0\"></span>g exchange rat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ieve <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>grow<span class=\"_ _2\"></span>th <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>unit<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>from <span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Roy<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ayin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>role <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _35\"></span><span class=\"ls3 ws3\"> </span>tra<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to net zero<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>st at th<span class=\"_ _0\"></span>e same ti<span class=\"_ _0\"></span>me clim<span class=\"_ _0\"></span>ate chan<span class=\"_ _0\"></span>ge po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s pote<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span>ly signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t risk<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. The ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons us<span class=\"_ _0\"></span>ed by the Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs<span class=\"_ _351\"> </span> are b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rien<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal <span class=\"_ _0\"></span>sou<span class=\"_ _0\"></span>rces o<span class=\"_ _0\"></span>f in<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>main <span class=\"_ _0\"></span>cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>area<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> and<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>thei<span class=\"_ _3\"></span>r us<span class=\"_ _3\"></span>efu<span class=\"_ _3\"></span>l liv<span class=\"_ _3\"></span>es<span class=\"_ _f\"></span>) and<span class=\"_ _3\"></span> shifti<span class=\"_ _3\"></span>ng i<span class=\"_ _3\"></span>nv<span class=\"_ _3\"></span>estme<span class=\"_ _3\"></span>nt f<span class=\"_ _3\"></span>ocu<span class=\"_ _3\"></span>s to<span class=\"_ _3\"></span>war<span class=\"_ _3\"></span>ds<span class=\"_ _3\"></span> more<span class=\"_ _3\"></span> sus<span class=\"_ _3\"></span>tain<span class=\"_ _3\"></span>able<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>pro<span class=\"_ _3\"></span>ducts<span class=\"_ _3\"></span> and so<span class=\"_ _3\"></span>luti<span class=\"_ _3\"></span>ons.<span class=\"_ _3\"></span> Based<span class=\"_ _3\"></span> on the<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>cli<span class=\"_ _3\"></span>mat<span class=\"_ _3\"></span>e sc<span class=\"_ _3\"></span>enar<span class=\"_ _3\"></span>ios<span class=\"_ _351\"> </span> prep<span class=\"_ _0\"></span>ared<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>o n<span class=\"_ _0\"></span>ot as<span class=\"_ _0\"></span>sume <span class=\"_ _0\"></span>a si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>dem<span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>Civ<span class=\"_ _0\"></span>il A<span class=\"_ _0\"></span>erosp<span class=\"_ _0\"></span>ace <span class=\"_ _0\"></span>(inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g Ro<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royce <span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>schl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d)<span class=\"_ _351\"> </span> pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ven <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>all <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omme<span class=\"_ _0\"></span>rcial <span class=\"_ _2\"></span>aero<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>pat<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nabl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Si<span class=\"_ _0\"></span>mil<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y, th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span> po<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r reci<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g en<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>s in Pow<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> Syst<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>ll b<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h su<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e fue<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>s by th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d of 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> requ<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> to ensure<span class=\"_ _3\"></span> our new produc<span class=\"_ _0\"></span>ts will be co<span class=\"_ _0\"></span>mpatible with net zero operati<span class=\"_ _0\"></span>on by 2030, an<span class=\"_ _0\"></span>d to achieve<span class=\"_ _3\"></span> net zero scope 1 and 2 G<span class=\"_ _0\"></span>HG emissions<span class=\"_ _351\"> </span> is refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted in the fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> A 1<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>5<span class=\"_ _351\"> </span>o<span class=\"_ _351\"> </span>C <span class=\"_ _3\"></span>sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>io has <span class=\"_ _3\"></span>be<span class=\"_ _0\"></span>en prepare<span class=\"_ _0\"></span>d using <span class=\"_ _3\"></span>key data point<span class=\"_ _0\"></span>s from <span class=\"_ _3\"></span>ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal sources includi<span class=\"_ _0\"></span>ng Oxf<span class=\"_ _0\"></span>ord Economi<span class=\"_ _0\"></span>cs<span class=\"_ _0\"></span>, Glob<span class=\"_ _0\"></span>al Climate Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice and<span class=\"_ _351\"> </span> Dat<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ank an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e Int<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al En<span class=\"_ _0\"></span>ergy <span class=\"_ _0\"></span>Age<span class=\"_ _0\"></span>ncy. Th<span class=\"_ _0\"></span>is sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio <span class=\"_ _0\"></span>has b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en us<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>as t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>asis <span class=\"_ _0\"></span>of a s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _2\"></span>y. It is a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>gove<span class=\"_ _0\"></span>rnme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> ado<span class=\"_ _0\"></span>pt <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ter produc<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>and behav<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>ral stand<span class=\"_ _0\"></span>ards and <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ures <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _3\"></span>resul<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>hig<span class=\"_ _0\"></span>her carb<span class=\"_ _0\"></span>on pricing<span class=\"_ _0\"></span>. Unde<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>se condit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>it is <span class=\"_ _f\"></span>as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> that <span class=\"_ _2\"></span>mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>illin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ay <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>low <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>c <span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>urn <span class=\"_ _2\"></span>from <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gic <span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on<span class=\"_ _351\"> </span> alte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>kelih<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>f de<span class=\"_ _0\"></span>mand <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r our <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>l e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span> the <span class=\"_ _2\"></span>mar<span class=\"_ _0\"></span>ketp<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>alte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>tly <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>sen<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>so <span class=\"_ _2\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _351\"> </span> impa<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>of a <span class=\"_ _0\"></span>bro<span class=\"_ _0\"></span>ad r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e of <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ial <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s imp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>by p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icy <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>regul<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns (t<span class=\"_ _0\"></span>hroug<span class=\"_ _0\"></span>h c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g). <span class=\"_ _0\"></span>This <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> not indi<span class=\"_ _0\"></span>cate th<span class=\"_ _0\"></span>e nee<span class=\"_ _0\"></span>d for an impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt charge<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The pr<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>pal assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s for goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d to be indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>lly sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cant are:<span class=\"_ _351\"> </span>Rolls-R<span class=\"_ _3\"></span>oy<span class=\"_ _f\"></span>ce Po<span class=\"_ _3\"></span>wer S<span class=\"_ _3\"></span>ystem<span class=\"_ _3\"></span>s A<span class=\"_ _3\"></span>G<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>Recoverable<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>amount <span class=\"_ _0\"></span>represents F<span class=\"_ _0\"></span>VLCOD <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>reflect <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>future <span class=\"_ _0\"></span>strategy <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>business. <span class=\"_ _0\"></span>Whilst <span class=\"_ _0\"></span>there <span class=\"_ _0\"></span>are no <span class=\"_ _0\"></span>indicators <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>impairment<span class=\"_ _351\"> </span> un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> me<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in 20<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Di<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> inf<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>F<span class=\"_ _2\"></span>V<span class=\"_ _0\"></span>LC<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> her<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> is a<span class=\"_ _3\"></span> more u<span class=\"_ _3\"></span>seful r<span class=\"_ _3\"></span>epresentation<span class=\"_ _3\"></span> of the r<span class=\"_ _3\"></span>ecove<span class=\"_ _3\"></span>rable amo<span class=\"_ _3\"></span>unt when<span class=\"_ _3\"></span> consideri<span class=\"_ _3\"></span>ng the fut<span class=\"_ _3\"></span>ure strat<span class=\"_ _3\"></span>egy of the<span class=\"_ _3\"></span> busines<span class=\"_ _3\"></span>s, includi<span class=\"_ _3\"></span>ng the im<span class=\"_ _3\"></span>pact<span class=\"_ _351\"> </span> of c<span class=\"_ _0\"></span>limat<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>opp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tuni<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Due <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket <span class=\"_ _0\"></span>input<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>inp<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket <span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce,<span class=\"_ _0\"></span> the fair value is estim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>by discou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g future cash flows (Level 3 <span class=\"_ _3\"></span>as defin<span class=\"_ _0\"></span>ed by <span class=\"_ _3\"></span>IF<span class=\"_ _0\"></span>RS 13 <span class=\"ffca ls60 ws198\">F<span class=\"_ _3\"></span>air V<span class=\"_ _3\"></span>alue Measuremen<span class=\"_ _3\"></span>t<span class=\"ffc8 lsb8 wse6\">) mo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> for<span class=\"_ _0\"></span> mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> </span></span>participants v<span class=\"_ _3\"></span>iews;<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 lsab wsd8\">T<span class=\"_ _f\"></span>rading<span class=\"_ _3\"></span> assum<span class=\"_ _3\"></span>ptions (<span class=\"_ _f\"></span>e.g<span class=\"_ _0\"></span>. vo<span class=\"_ _3\"></span>lume o<span class=\"_ _3\"></span>f equi<span class=\"_ _3\"></span>pment d<span class=\"_ _3\"></span>eliverie<span class=\"_ _3\"></span>s, pricing<span class=\"_ _3\"></span> achi<span class=\"_ _3\"></span>eved a<span class=\"_ _3\"></span>nd cost<span class=\"_ _3\"></span> escalation<span class=\"_ _3\"></span>) tha<span class=\"_ _3\"></span>t are<span class=\"_ _3\"></span> based on<span class=\"_ _3\"></span> curr<span class=\"_ _3\"></span>ent a<span class=\"_ _3\"></span>nd know<span class=\"_ _3\"></span>n<span class=\"_ _351\"> </span></span><span class=\"ffc8 lsab wsd8\"> </span></span>fut<span class=\"_ _0\"></span>ure progr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, est<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s of market share and lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m econ<span class=\"_ _0\"></span>omic fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Se<span class=\"_ _0\"></span>vere but pl<span class=\"_ _0\"></span>ausib<span class=\"_ _0\"></span>le down<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e scena<span class=\"_ _0\"></span>rio in rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to macro<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic fac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d with a 20<span class=\"_ _0\"></span>% weigh<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g;<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Ca<span class=\"_ _0\"></span>sh flows b<span class=\"_ _0\"></span>eyon<span class=\"_ _0\"></span>d the five<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are assume<span class=\"_ _0\"></span>d to grow at 1.0<span class=\"_ _0\"></span>% (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: 2<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>%)<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">No<span class=\"_ _0\"></span>minal p<span class=\"_ _0\"></span>ost-ta<span class=\"_ _0\"></span>x dis<span class=\"_ _0\"></span>count rat<span class=\"_ _0\"></span>e 10<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>% (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: 8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>%).<span class=\"_ _351\"> </span></span></span>The <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>consi<span class=\"_ _0\"></span>der <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ny <span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>bly <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>chang<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>key <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d risk<span class=\"_ _0\"></span>s above) woul<span class=\"_ _0\"></span>d cause th<span class=\"_ _0\"></span>e F<span class=\"_ _0\"></span>VLCO<span class=\"_ _0\"></span>D of the busi<span class=\"_ _0\"></span>ness to fal<span class=\"_ _0\"></span>l bel<span class=\"_ _0\"></span>ow its c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>yin<span class=\"_ _0\"></span>g value of goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>9\u2002<span class=\"_ _c\"> </span>Intangible\u2002assets\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Rolls-R<span class=\"_ _3\"></span>oy<span class=\"_ _f\"></span>ce Deutschland Ltd <span class=\"_ _3\"></span>&amp; Co K<span class=\"_ _f\"></span>G<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Re<span class=\"_ _0\"></span>covera<span class=\"_ _0\"></span>ble amo<span class=\"_ _0\"></span>unt repres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s the val<span class=\"_ _0\"></span>ue in use of the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s in their cur<span class=\"_ _0\"></span>rent cond<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on;<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>(e<span class=\"_ _0\"></span>.g<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>lume <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>urs <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alle<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>assum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>recove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _351\"> </span> aeros<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y, <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on) <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>now<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>prog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>mar<span class=\"_ _0\"></span>ket <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>long-term <span class=\"_ _3\"></span>economic f<span class=\"_ _3\"></span>orecasts;<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Se<span class=\"_ _0\"></span>vere but pl<span class=\"_ _0\"></span>ausib<span class=\"_ _0\"></span>le down<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e scena<span class=\"_ _0\"></span>rio in rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to macro<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic fac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d with a 25% wei<span class=\"_ _0\"></span>ghti<span class=\"_ _0\"></span>ng;<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Ca<span class=\"_ _0\"></span>sh flows b<span class=\"_ _0\"></span>eyon<span class=\"_ _0\"></span>d the five<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are assume<span class=\"_ _0\"></span>d to grow at 2.0<span class=\"_ _0\"></span>% (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: 2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0%)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">No<span class=\"_ _0\"></span>minal pre<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x disco<span class=\"_ _0\"></span>unt rate 13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>% (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: 11.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>%)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls5c ws8a\"> </span></span>The <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>consi<span class=\"_ _0\"></span>der <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ny <span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>bly <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>chang<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>key <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d risk<span class=\"_ _0\"></span>s above) woul<span class=\"_ _0\"></span>d cause th<span class=\"_ _0\"></span>e value in use of the go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l to fall bel<span class=\"_ _0\"></span>ow it<span class=\"_ _0\"></span>s car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Other CGUs<span class=\"_ _351\"> </span>G<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>l bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es ac<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span> that<span class=\"_ _0\"></span> are not co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to be ind<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span> sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t were<span class=\"_ _0\"></span> als<span class=\"_ _0\"></span>o tes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d for imp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>, resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> in no<span class=\"_ _351\"> </span> impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent charge (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: no impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt charge) bei<span class=\"_ _0\"></span>ng reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt and the residu<span class=\"_ _0\"></span>al life of the mate<span class=\"_ _0\"></span>rial int<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ble ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s (excludin<span class=\"_ _0\"></span>g goo<span class=\"_ _0\"></span>dwil<span class=\"_ _0\"></span>l) for the Gro<span class=\"_ _0\"></span>up is as <span class=\"_ _3\"></span>fol<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>Residual <span class=\"_ _3\"></span>life<span class=\"_ _351\"> </span> 1<span class=\"_ _351\"> </span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok va<span class=\"_ _0\"></span>lue<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>rent pr<span class=\"_ _f\"></span>ogramme intangible assets<span class=\"_ _351\"> </span> 2<span class=\"_ _351\"> </span>3<span class=\"_ _0\"></span>-15 year<span class=\"_ _0\"></span>s <span class=\"_ _bf\"> </span><span class=\"ffc7 ls3 ws3\">1,<span class=\"_ _0\"></span>826 <span class=\"_ _c8\"> </span></span><span class=\"ls5c ws8a\">1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span><span class=\"ls5c ws8a\"> </span>Business aviation <span class=\"_ _3\"></span>prog<span class=\"_ _3\"></span>ramme intangible <span class=\"_ _3\"></span>assets<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span>12-15 yea<span class=\"_ _0\"></span>rs <span class=\"_ _c7\"> </span><span class=\"ffc7 ls3 ws3\">250 <span class=\"_ _d2\"> </span><span class=\"ffc8\">237<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>Intangible assets r<span class=\"_ _f\"></span>elated to Power <span class=\"_ _3\"></span>Systems<span class=\"_ _351\"> </span> 4<span class=\"_ _351\"> </span>46<span class=\"_ _0\"></span>6 <span class=\"_ _19\"> </span><span class=\"ffc8\">49<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span><span class=\"ffc8\"> </span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>542 <span class=\"_ _84\"> </span><span class=\"ffc8 ls74 wsa2\">2,<span class=\"_ _2\"></span>51<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls74 wsa2\"> </span>1  Residual <span class=\"_ _3\"></span>life r<span class=\"_ _3\"></span>eflects the <span class=\"_ _3\"></span>remaining <span class=\"_ _f\"></span>amortisation period of <span class=\"_ _3\"></span>those assets <span class=\"_ _3\"></span>where <span class=\"_ _f\"></span>amortisation has commenced. <span class=\"_ _f\"></span>As per page <span class=\"_ _3\"></span>120, the <span class=\"_ _3\"></span>amortisation period <span class=\"_ _f\"></span>of 15 years <span class=\"_ _f\"></span>will commence on <span class=\"_ _f\"></span>those<span class=\"_ _0\"></span> assets which ar<span class=\"_ _3\"></span>e not being am<span class=\"_ _3\"></span>ortised as the units <span class=\"_ _3\"></span>are deliver<span class=\"_ _f\"></span>ed<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span> Included within the <span class=\"_ _3\"></span>T<span class=\"_ _3\"></span>rent pr<span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>grammes <span class=\"_ _3\"></span>are the <span class=\"_ _3\"></span>Tr<span class=\"_ _f\"></span>ent 1000, T<span class=\"_ _3\"></span>rent 7000 <span class=\"_ _3\"></span>and T<span class=\"_ _3\"></span>rent XWB<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span> Included within business <span class=\"_ _3\"></span>aviation ar<span class=\"_ _3\"></span>e the Pearl <span class=\"_ _3\"></span>700 and Pearl <span class=\"_ _3\"></span>15<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span> Includes \u00a3114m (2021: <span class=\"_ _3\"></span>\u00a3108m) in r<span class=\"_ _3\"></span>espect of a br<span class=\"_ _3\"></span>and intangible asset which <span class=\"_ _3\"></span>is not amortised. <span class=\"_ _3\"></span>Remaining assets ar<span class=\"_ _3\"></span>e amortised over <span class=\"_ _3\"></span>a range of <span class=\"_ _3\"></span>three to <span class=\"_ _3\"></span>20 years<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> CG<span class=\"_ _2\"></span>U<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt of goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll or inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s with in<span class=\"_ _0\"></span>defi<span class=\"_ _0\"></span>nite us<span class=\"_ _0\"></span>eful li<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _2\"></span>inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>(incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s) <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>acco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _2\"></span>IA<span class=\"_ _0\"></span>S <span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>. <span class=\"_ _35\"></span><span class=\"ls3 ws3\"> </span>Assessments <span class=\"_ _0\"></span>have considered <span class=\"_ _0\"></span>potential <span class=\"_ _0\"></span>triggers <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>impairment such <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>external <span class=\"_ _0\"></span>fac<span class=\"_ _0\"></span>tors, <span class=\"_ _0\"></span>including climate change, <span class=\"_ _0\"></span>significant changes<span class=\"_ _351\"> </span> wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>adv<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ef<span class=\"_ _2\"></span>fe<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ysin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>repa<span class=\"_ _0\"></span>red <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>any<span class=\"_ _351\"> </span> dete<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> Whe<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>gge<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>est <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>requ<span class=\"_ _0\"></span>ired <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>tes<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>s <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d on the foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g basis<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing values have <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed by <span class=\"_ _f\"></span>refe<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>in use. <span class=\"_ _3\"></span>Th<span class=\"_ _0\"></span>ese have <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>usin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _3\"></span>flow<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>from the <span class=\"_ _3\"></span>mos<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>rec<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </span></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> over the li<span class=\"_ _0\"></span>ves of the respe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve progr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>s; and<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>fl<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>j<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> share <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rici<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>limat<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ks <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ered <span class=\"_ _2\"></span>when <span class=\"_ _2\"></span>mak<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h the assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s above.<span class=\"_ _0\"></span> The<span class=\"_ _0\"></span>re have been no (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: none) indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y mater<span class=\"_ _0\"></span>ial imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent charg<span class=\"_ _0\"></span>es or revers<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d durin<span class=\"_ _0\"></span>g the year.<span class=\"_ _351\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-824": {
   "value": "9\u2002<span class=\"_ _c\"> </span>Intangible\u2002assets<span class=\"_ _351\"> </span>Goodwill<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Certification<span class=\"_ _351\"> </span>costs<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Development<span class=\"_ _351\"> </span>expenditure<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Customer\u2002relationships<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re\u20021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Cost:<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January 2021<span class=\"_ _28a\"> </span><span class=\"ls64 ws91\">1,112 <span class=\"_ _5c\"> </span><span class=\"ls3 ws3\">9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3 <span class=\"_ _a0\"> </span>3,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>64 <span class=\"_ _68\"> </span><span class=\"ls169 ws198\">1,403 <span class=\"_ _5c\"> </span></span>968 <span class=\"_ _73\"> </span>893 <span class=\"_ _92\"> </span><span class=\"lsd1 wsfc\">8,903<span class=\"_ _3\"></span> </span></span></span>Additions<span class=\"_ _243\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _ed\"> </span>1 <span class=\"_ _1a\"> </span>104 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _84\"> </span>83 <span class=\"_ _c8\"> </span>35 <span class=\"_ _64\"> </span><span class=\"ls90 wsbd\">223<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ls90 wsbd\"> </span></span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span> 2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _57\"> </span><span class=\"ffc6 ls80 wsae\">(6)<span class=\"_ _73\"> </span><span class=\"ls6e ws9b\">(1<span class=\"_ _0\"></span>79)<span class=\"_ _21\"> </span><span class=\"ls62 ws8f\">(86<span class=\"_ _0\"></span>8)<span class=\"_ _84\"> </span><span class=\"ls65 ws92\">(1<span class=\"_ _0\"></span>5)<span class=\"_ _62\"> </span></span></span></span></span><span class=\"ffc6\">(59)<span class=\"_ _99\"> </span></span><span class=\"ls7b wsaa\">(1,1<span class=\"_ _0\"></span>27<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Disposals<span class=\"_ _28b\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _7b\"> </span><span class=\"ls3 ws3\">(22)<span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _84\"> </span></span></span>(51<span class=\"_ _0\"></span>)<span class=\"_ _bb\"> </span><span class=\"ls3 ws3\">(2)<span class=\"_ _85\"> </span>(79)<span class=\"_ _351\"> </span></span></span>Reclassifications<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _bb\"> </span><span class=\"ffc6\">(2)<span class=\"_ _e7\"> </span></span>8 <span class=\"_ _e7\"> </span>6<span class=\"_ _351\"> </span> Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _d6\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _1b5\"> </span><span class=\"ls6b ws98\">(3)<span class=\"_ _1a\"> </span><span class=\"ls80 wsae\">(9<span class=\"_ _0\"></span>6)<span class=\"_ _1a\"> </span>(60)<span class=\"_ _1b5\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>5)<span class=\"_ _7b\"> </span></span></span></span>(42)<span class=\"_ _aa\"> </span><span class=\"ls60 ws8d\">(2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _d7\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>60 <span class=\"_ _73\"> </span>93<span class=\"_ _0\"></span>3 <span class=\"_ _156\"> </span>3,<span class=\"_ _0\"></span>393 <span class=\"_ _6f\"> </span><span class=\"ls63 ws90\">475<span class=\"_ _0\"></span> <span class=\"_ _86\"> </span></span>978 <span class=\"_ _73\"> </span>83<span class=\"_ _0\"></span>3 <span class=\"_ _81\"> </span><span class=\"lsd0 wsfa\">7,<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span> </span></span><span class=\"ls3 ws3\"><span class=\"lsd0 wsfa\"></span></span><span class=\"ls3 ws3\"><span class=\"lsd0 wsfa\"></span></span>Additions<span class=\"_ _243\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _ae\"> </span><span class=\"ls77 wsa5\">131 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _75\"> </span>78 <span class=\"_ _be\"> </span>21 <span class=\"_ _73\"> </span>230<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>Disposals<span class=\"_ _26c\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _26\"> </span><span class=\"ls63 ws90\">(9<span class=\"_ _0\"></span>0)<span class=\"_ _dc\"> </span>(1)<span class=\"_ _ae\"> </span>(91)<span class=\"_ _351\"> </span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _d7\"> </span><span class=\"ffc7 ls6e ws9b\">75<span class=\"_ _0\"></span> <span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">2 <span class=\"_ _ae\"> </span>80 <span class=\"_ _de\"> </span><span class=\"ls62 ws8f\">37 <span class=\"_ _be\"> </span></span>12 <span class=\"_ _c8\"> </span>33 <span class=\"_ _86\"> </span>239<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls6e ws9b\"><span class=\"ls3 ws3\"> </span></span>At\u200231\u2002December\u20022022<span class=\"_ _187\"> </span><span class=\"ffc7 ls6d wscb\">1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span> <span class=\"_ _73\"> </span><span class=\"ls7b wsaa\">935 <span class=\"_ _87\"> </span><span class=\"ls3 ws3\">3,6<span class=\"_ _0\"></span>04 <span class=\"_ _85\"> </span></span></span></span><span class=\"ffc7\">51<span class=\"_ _0\"></span>2 <span class=\"_ _86\"> </span><span class=\"ls75 wsa3\">978 <span class=\"_ _83\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _0\"></span>86 <span class=\"_ _56\"> </span>8<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>50<span class=\"_ _351\"> </span></span></span></span><span class=\"ffc7\"><span class=\"ls75 wsa3\"><span class=\"ls3 ws3\"> </span></span></span>Accumulated\u2002amortisation\u2002and\u2002impair<span class=\"_ _3\"></span>ment:<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January 2021<span class=\"_ _66\"> </span><span class=\"ls3 ws3\">38 <span class=\"_ _86\"> </span><span class=\"ls6e ws9b\">429 <span class=\"_ _68\"> </span></span>1,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>03 <span class=\"_ _64\"> </span><span class=\"ls63 ws90\">47<span class=\"_ _0\"></span>8 <span class=\"_ _83\"> </span><span class=\"ls6e ws9b\">6<span class=\"_ _0\"></span>07 <span class=\"_ _5c\"> </span></span></span>4<span class=\"_ _0\"></span>03 <span class=\"_ _124\"> </span></span>3<span class=\"_ _0\"></span>,75<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span> Charge for <span class=\"_ _3\"></span>the year<span class=\"_ _351\"> </span> 4<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _be\"> </span>21 <span class=\"_ _75\"> </span>75 <span class=\"_ _84\"> </span>5<span class=\"_ _0\"></span>9 <span class=\"_ _c8\"> </span>97 <span class=\"_ _84\"> </span>2<span class=\"_ _0\"></span>9 <span class=\"_ _85\"> </span>281<span class=\"_ _351\"> </span> Impairment<span class=\"_ _28c\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _ed\"> </span>1 <span class=\"_ _65\"> </span>8 <span class=\"_ _e7\"> </span>9<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span> 2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _1b5\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _c8\"> </span>(51)<span class=\"_ _73\"> </span><span class=\"ls80 wsae\">(1<span class=\"_ _0\"></span>76)<span class=\"_ _60\"> </span>( 1<span class=\"_ _0\"></span>0)<span class=\"_ _19\"> </span></span></span>\u2013 <span class=\"_ _73\"> </span><span class=\"ffc6 ls6c ws99\">(<span class=\"_ _0\"></span>241)<span class=\"_ _351\"> </span></span>Disposals<span class=\"_ _28b\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _c8\"> </span><span class=\"ls80 wsae\">(21)<span class=\"_ _d2\"> </span></span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _62\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _c4\"> </span><span class=\"ls80 wsae\">(1)<span class=\"_ _7b\"> </span><span class=\"lsce wsf8\">(<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Reclassifications<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _e7\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _e7\"> </span>6 <span class=\"_ _17e\"> </span>1 <span class=\"_ _c4\"> </span>6<span class=\"_ _351\"> </span> Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _28d\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _62\"> </span><span class=\"ffc6 ls80 wsae\">(66)<span class=\"_ _2b\"> </span><span class=\"ls6e ws9b\">(19)<span class=\"_ _1b5\"> </span><span class=\"ls6b ws98\">(3)<span class=\"_ _85\"> </span></span></span>(20)<span class=\"_ _72\"> </span><span class=\"ls6e ws9b\">(10<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">34 <span class=\"_ _64\"> </span><span class=\"ls6e ws9b\">42<span class=\"_ _0\"></span>5 <span class=\"_ _157\"> </span></span></span>1<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>0 <span class=\"_ _64\"> </span><span class=\"ls6e ws9b\">3<span class=\"_ _0\"></span>42 <span class=\"_ _5c\"> </span><span class=\"ls3 ws3\">650 <span class=\"_ _73\"> </span></span>42<span class=\"_ _0\"></span>0 <span class=\"_ _157\"> </span><span class=\"ls73 wsa1\">3<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>31<span class=\"_ _351\"> </span></span></span><span class=\"ls6e ws9b\"><span class=\"ls73 wsa1\"> </span></span>Charge for <span class=\"_ _3\"></span>the year<span class=\"_ _351\"> </span> 4<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _be\"> </span>21 <span class=\"_ _75\"> </span>7<span class=\"_ _0\"></span>7 <span class=\"_ _c8\"> </span>35 <span class=\"_ _84\"> </span>86 <span class=\"_ _c8\"> </span>33 <span class=\"_ _6f\"> </span><span class=\"ls6c ws99\">2<span class=\"_ _0\"></span>52<span class=\"_ _351\"> </span></span><span class=\"ls6c ws99\"> </span>Impairment<span class=\"_ _1f5\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _1b5\"> </span>17 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _57\"> </span><span class=\"ls6e ws9b\">13<span class=\"_ _0\"></span> <span class=\"_ _65\"> </span></span>5 <span class=\"_ _c8\"> </span>35<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>Disposals<span class=\"_ _26c\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _85\"> </span><span class=\"ls6c ws99\">(82)<span class=\"_ _dc\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _85\"> </span><span class=\"ls6d wscb\">(83)<span class=\"_ _351\"> </span></span></span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _1b9\"> </span><span class=\"ffc7 ls3 ws3\">2 <span class=\"_ _ed\"> </span>1 <span class=\"_ _c8\"> </span>58 <span class=\"_ _28f\"> </span>29 <span class=\"_ _65\"> </span>8 <span class=\"_ _58\"> </span>19 <span class=\"_ _2b\"> </span>117<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _df\"> </span><span class=\"ffc7 ls3 ws3\">36 <span class=\"_ _64\"> </span><span class=\"ls83 wsb1\">4<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span> <span class=\"_ _61\"> </span><span class=\"ls15b ws189\">1,912 <span class=\"_ _72\"> </span></span></span>40<span class=\"_ _0\"></span>6 <span class=\"_ _86\"> </span><span class=\"ls6e ws9b\">6<span class=\"_ _0\"></span>75 <span class=\"_ _64\"> </span><span class=\"ls83 wsb1\">476<span class=\"_ _0\"></span> <span class=\"_ _6b\"> </span><span class=\"ls6c ws99\">3,<span class=\"_ _0\"></span>952<span class=\"_ _0\"></span> </span></span></span></span>Net\u2002book\u2002value\u2002at:<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _bd\"> </span><span class=\"ffc7 ls3 ws3\">1<span class=\"_ _0\"></span>,09<span class=\"_ _0\"></span>9 <span class=\"_ _83\"> </span>4<span class=\"_ _0\"></span>88 <span class=\"_ _157\"> </span><span class=\"lsaa wsd7\">1,692 <span class=\"_ _64\"> </span></span>1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6 <span class=\"_ _83\"> </span><span class=\"ls80 wsae\">303 <span class=\"_ _1a\"> </span><span class=\"ls74 wsa2\">410 <span class=\"_ _92\"> </span></span></span>4,<span class=\"_ _0\"></span>098<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _131\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,026 <span class=\"_ _83\"> </span>508 <span class=\"_ _81\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>63<span class=\"_ _0\"></span>3 <span class=\"_ _62\"> </span>133 <span class=\"_ _64\"> </span><span class=\"ls6b ws98\">328 <span class=\"_ _85\"> </span><span class=\"ls6c ws99\">413 <span class=\"_ _81\"> </span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>41<span class=\"_ _0\"></span> </span></span></span>1<span class=\"_ _351\"> </span> Includes \u00a393m (2021: <span class=\"_ _3\"></span>\u00a3115m) of softwar<span class=\"_ _3\"></span>e under course <span class=\"_ _3\"></span>of construction which is <span class=\"_ _3\"></span>not amortised<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span> ITP Aer<span class=\"_ _3\"></span>o was classified as <span class=\"_ _3\"></span>a disposal gr<span class=\"_ _f\"></span>oup held for sale at <span class=\"_ _3\"></span>30 June 2021<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span> Includes r<span class=\"_ _3\"></span>eclassifications within intangible assets <span class=\"_ _3\"></span>or from <span class=\"_ _3\"></span>property<span class=\"_ _f\"></span>, plant and equipment when <span class=\"_ _3\"></span>available for use<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span> Charged to cost <span class=\"_ _3\"></span>of sales and commer<span class=\"_ _f\"></span>cial and administrative <span class=\"_ _3\"></span>costs except development <span class=\"_ _3\"></span>costs, which ar<span class=\"_ _3\"></span>e charged to r<span class=\"_ _f\"></span>esearch and development <span class=\"_ _3\"></span>costs<span class=\"_ _351\"> </span>At 31 <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up had expe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ture commi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s for sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re of \u00a337m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a349<span class=\"_ _0\"></span>m).<span class=\"_ _0\"></span> 9\u2002<span class=\"_ _c\"> </span>Intangible\u2002assets\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Goodwill<span class=\"_ _351\"> </span>In <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce <span class=\"_ _f\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>requi<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts of <span class=\"_ _f\"></span>IA<span class=\"_ _0\"></span>S <span class=\"_ _3\"></span>36<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>is <span class=\"_ _3\"></span>all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _f\"></span>CG<span class=\"_ _0\"></span>Us<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>grou<span class=\"_ _0\"></span>ps <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>C<span class=\"_ _0\"></span>GU<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to <span class=\"_ _f\"></span>ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span> from the s<span class=\"_ _0\"></span>yne<span class=\"_ _0\"></span>rgies of th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss comb<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n that gave rise to the go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>dwil<span class=\"_ _0\"></span>l as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>Cash-gener<span class=\"_ _3\"></span>ating unit (CGU) or gr<span class=\"_ _3\"></span>oup of CGUs<span class=\"_ _351\"> </span>Primary<span class=\"_ _0\"></span>\u2002operating<span class=\"_ _351\"> </span>segment<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Rolls-Roy<span class=\"_ _3\"></span>ce Power Systems <span class=\"_ _3\"></span>AG<span class=\"_ _42\"> </span><span class=\"ls6b ws98\">Power <span class=\"_ _3\"></span>Systems<span class=\"_ _f5\"> </span><span class=\"ffc7 ls3 ws3\">81<span class=\"_ _0\"></span>8 <span class=\"_ _dc\"> </span></span><span class=\"ls80 wsae\">760<span class=\"_ _351\"> </span></span></span><span class=\"ls6b ws98\"><span class=\"ls80 wsae\"> </span></span>Rolls-Roy<span class=\"_ _3\"></span>ce Deutschland Ltd <span class=\"_ _3\"></span>&amp; Co K<span class=\"_ _3\"></span>G<span class=\"_ _1da\"> </span><span class=\"ls77 wsa5\">C<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>l Aerosp<span class=\"_ _0\"></span>ace<span class=\"_ _39\"> </span><span class=\"ffc7 ls74 wsa2\">2<span class=\"_ _0\"></span>41 <span class=\"_ _e7\"> </span></span><span class=\"ls3 ws3\">22<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span><span class=\"ls77 wsa5\"><span class=\"ls3 ws3\"> </span></span>Other<span class=\"_ _290\"> </span><span class=\"lsab wsd8\">V<span class=\"_ _3\"></span>arious<span class=\"_ _d9\"> </span><span class=\"ffc7 ls3 ws3\">4<span class=\"_ _0\"></span>0 <span class=\"_ _127\"> </span><span class=\"ffc8\">3<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span></span></span><span class=\"lsab wsd8\"><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></span>1,0<span class=\"_ _0\"></span>99 <span class=\"_ _60\"> </span><span class=\"ffc8 ls9c wsc9\">1<span class=\"_ _0\"></span>,026<span class=\"_ _351\"> </span></span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l has been test<span class=\"_ _0\"></span>ed for impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt during 20<span class=\"_ _0\"></span>22 on the foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g basis:<span class=\"_ _0\"></span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>refere<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>hig<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lue <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>use <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> </span></span>valu<span class=\"_ _0\"></span>e less cos<span class=\"_ _0\"></span>ts of disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al (F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>LCOD)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>The <span class=\"_ _2\"></span>recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount <span class=\"_ _2\"></span>has <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>sing <span class=\"_ _2\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>are <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>consi<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>pas<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>urces <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>inf<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket <span class=\"_ _2\"></span>cond<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>nera<span class=\"_ _0\"></span>lly <span class=\"_ _2\"></span>cover <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>five <span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ars<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>red <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>refl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>G<span class=\"_ _b\"></span>U<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>U<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>I<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>fl<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>commi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>relev<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Wh<span class=\"_ _0\"></span>ere <span class=\"_ _3\"></span>gen<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion assumpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>have <span class=\"_ _3\"></span>be<span class=\"_ _0\"></span>en r<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d, these <span class=\"_ _3\"></span>have been estim<span class=\"_ _0\"></span>ated base<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rnal<span class=\"_ _0\"></span>ly<span class=\"_ _351\"> </span> sourc<span class=\"_ _0\"></span>ed data<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>infl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>3% <span class=\"_ _3\"></span>to 4% <span class=\"_ _f\"></span>have <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>een includ<span class=\"_ _0\"></span>ed in <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>on the <span class=\"_ _f\"></span>n<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>nd geogr<span class=\"_ _0\"></span>aphy<span class=\"_ _0\"></span> of the flow<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls8a wsb7\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ke<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>re<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mp<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> are<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> dis<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n pa<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>ic<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> </span><span class=\"ffc8 ls8a wsb7\"></span></span><span class=\"ffc6\"><span class=\"ffc8 ls8a wsb7\"></span></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> vo<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s)<span class=\"_ _2\"></span>, th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> exc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> on<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n se<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> and cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d grow<span class=\"_ _0\"></span>th rate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt test<span class=\"_ _0\"></span>s are per<span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>med usi<span class=\"_ _0\"></span>ng preva<span class=\"_ _0\"></span>ilin<span class=\"_ _0\"></span>g exchange rat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ieve <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>grow<span class=\"_ _2\"></span>th <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>unit<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>from <span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Roy<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ayin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>role <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _35\"></span><span class=\"ls3 ws3\"> </span>tra<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to net zero<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>st at th<span class=\"_ _0\"></span>e same ti<span class=\"_ _0\"></span>me clim<span class=\"_ _0\"></span>ate chan<span class=\"_ _0\"></span>ge po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s pote<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span>ly signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t risk<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. The ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons us<span class=\"_ _0\"></span>ed by the Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs<span class=\"_ _351\"> </span> are b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rien<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal <span class=\"_ _0\"></span>sou<span class=\"_ _0\"></span>rces o<span class=\"_ _0\"></span>f in<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>main <span class=\"_ _0\"></span>cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>area<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> and<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>thei<span class=\"_ _3\"></span>r us<span class=\"_ _3\"></span>efu<span class=\"_ _3\"></span>l liv<span class=\"_ _3\"></span>es<span class=\"_ _f\"></span>) and<span class=\"_ _3\"></span> shifti<span class=\"_ _3\"></span>ng i<span class=\"_ _3\"></span>nv<span class=\"_ _3\"></span>estme<span class=\"_ _3\"></span>nt f<span class=\"_ _3\"></span>ocu<span class=\"_ _3\"></span>s to<span class=\"_ _3\"></span>war<span class=\"_ _3\"></span>ds<span class=\"_ _3\"></span> more<span class=\"_ _3\"></span> sus<span class=\"_ _3\"></span>tain<span class=\"_ _3\"></span>able<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>pro<span class=\"_ _3\"></span>ducts<span class=\"_ _3\"></span> and so<span class=\"_ _3\"></span>luti<span class=\"_ _3\"></span>ons.<span class=\"_ _3\"></span> Based<span class=\"_ _3\"></span> on the<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>cli<span class=\"_ _3\"></span>mat<span class=\"_ _3\"></span>e sc<span class=\"_ _3\"></span>enar<span class=\"_ _3\"></span>ios<span class=\"_ _351\"> </span> prep<span class=\"_ _0\"></span>ared<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>o n<span class=\"_ _0\"></span>ot as<span class=\"_ _0\"></span>sume <span class=\"_ _0\"></span>a si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>dem<span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>Civ<span class=\"_ _0\"></span>il A<span class=\"_ _0\"></span>erosp<span class=\"_ _0\"></span>ace <span class=\"_ _0\"></span>(inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g Ro<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royce <span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>schl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d)<span class=\"_ _351\"> </span> pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ven <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>all <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omme<span class=\"_ _0\"></span>rcial <span class=\"_ _2\"></span>aero<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>pat<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nabl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Si<span class=\"_ _0\"></span>mil<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y, th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span> po<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r reci<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g en<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>s in Pow<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> Syst<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>ll b<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h su<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e fue<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>s by th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d of 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> requ<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> to ensure<span class=\"_ _3\"></span> our new produc<span class=\"_ _0\"></span>ts will be co<span class=\"_ _0\"></span>mpatible with net zero operati<span class=\"_ _0\"></span>on by 2030, an<span class=\"_ _0\"></span>d to achieve<span class=\"_ _3\"></span> net zero scope 1 and 2 G<span class=\"_ _0\"></span>HG emissions<span class=\"_ _351\"> </span> is refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted in the fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> A 1<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>5<span class=\"_ _351\"> </span>o<span class=\"_ _351\"> </span>C <span class=\"_ _3\"></span>sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>io has <span class=\"_ _3\"></span>be<span class=\"_ _0\"></span>en prepare<span class=\"_ _0\"></span>d using <span class=\"_ _3\"></span>key data point<span class=\"_ _0\"></span>s from <span class=\"_ _3\"></span>ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal sources includi<span class=\"_ _0\"></span>ng Oxf<span class=\"_ _0\"></span>ord Economi<span class=\"_ _0\"></span>cs<span class=\"_ _0\"></span>, Glob<span class=\"_ _0\"></span>al Climate Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice and<span class=\"_ _351\"> </span> Dat<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ank an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e Int<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al En<span class=\"_ _0\"></span>ergy <span class=\"_ _0\"></span>Age<span class=\"_ _0\"></span>ncy. Th<span class=\"_ _0\"></span>is sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio <span class=\"_ _0\"></span>has b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en us<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>as t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>asis <span class=\"_ _0\"></span>of a s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _2\"></span>y. It is a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>gove<span class=\"_ _0\"></span>rnme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> ado<span class=\"_ _0\"></span>pt <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ter produc<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>and behav<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>ral stand<span class=\"_ _0\"></span>ards and <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ures <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _3\"></span>resul<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>hig<span class=\"_ _0\"></span>her carb<span class=\"_ _0\"></span>on pricing<span class=\"_ _0\"></span>. Unde<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>se condit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>it is <span class=\"_ _f\"></span>as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> that <span class=\"_ _2\"></span>mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>illin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ay <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>low <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>c <span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>urn <span class=\"_ _2\"></span>from <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gic <span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on<span class=\"_ _351\"> </span> alte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>kelih<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>f de<span class=\"_ _0\"></span>mand <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r our <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>l e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span> the <span class=\"_ _2\"></span>mar<span class=\"_ _0\"></span>ketp<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>alte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>tly <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>sen<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>so <span class=\"_ _2\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _351\"> </span> impa<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>of a <span class=\"_ _0\"></span>bro<span class=\"_ _0\"></span>ad r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e of <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ial <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s imp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>by p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icy <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>regul<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns (t<span class=\"_ _0\"></span>hroug<span class=\"_ _0\"></span>h c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g). <span class=\"_ _0\"></span>This <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> not indi<span class=\"_ _0\"></span>cate th<span class=\"_ _0\"></span>e nee<span class=\"_ _0\"></span>d for an impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt charge<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The pr<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>pal assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s for goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d to be indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>lly sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cant are:<span class=\"_ _351\"> </span>Rolls-R<span class=\"_ _3\"></span>oy<span class=\"_ _f\"></span>ce Po<span class=\"_ _3\"></span>wer S<span class=\"_ _3\"></span>ystem<span class=\"_ _3\"></span>s A<span class=\"_ _3\"></span>G<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>Recoverable<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>amount <span class=\"_ _0\"></span>represents F<span class=\"_ _0\"></span>VLCOD <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>reflect <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>future <span class=\"_ _0\"></span>strategy <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>business. <span class=\"_ _0\"></span>Whilst <span class=\"_ _0\"></span>there <span class=\"_ _0\"></span>are no <span class=\"_ _0\"></span>indicators <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>impairment<span class=\"_ _351\"> </span> un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> me<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in 20<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Di<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> inf<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>F<span class=\"_ _2\"></span>V<span class=\"_ _0\"></span>LC<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> her<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> is a<span class=\"_ _3\"></span> more u<span class=\"_ _3\"></span>seful r<span class=\"_ _3\"></span>epresentation<span class=\"_ _3\"></span> of the r<span class=\"_ _3\"></span>ecove<span class=\"_ _3\"></span>rable amo<span class=\"_ _3\"></span>unt when<span class=\"_ _3\"></span> consideri<span class=\"_ _3\"></span>ng the fut<span class=\"_ _3\"></span>ure strat<span class=\"_ _3\"></span>egy of the<span class=\"_ _3\"></span> busines<span class=\"_ _3\"></span>s, includi<span class=\"_ _3\"></span>ng the im<span class=\"_ _3\"></span>pact<span class=\"_ _351\"> </span> of c<span class=\"_ _0\"></span>limat<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>opp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tuni<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Due <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket <span class=\"_ _0\"></span>input<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>inp<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket <span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce,<span class=\"_ _0\"></span> the fair value is estim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>by discou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g future cash flows (Level 3 <span class=\"_ _3\"></span>as defin<span class=\"_ _0\"></span>ed by <span class=\"_ _3\"></span>IF<span class=\"_ _0\"></span>RS 13 <span class=\"ffca ls60 ws198\">F<span class=\"_ _3\"></span>air V<span class=\"_ _3\"></span>alue Measuremen<span class=\"_ _3\"></span>t<span class=\"ffc8 lsb8 wse6\">) mo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> for<span class=\"_ _0\"></span> mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> </span></span>participants v<span class=\"_ _3\"></span>iews;<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 lsab wsd8\">T<span class=\"_ _f\"></span>rading<span class=\"_ _3\"></span> assum<span class=\"_ _3\"></span>ptions (<span class=\"_ _f\"></span>e.g<span class=\"_ _0\"></span>. vo<span class=\"_ _3\"></span>lume o<span class=\"_ _3\"></span>f equi<span class=\"_ _3\"></span>pment d<span class=\"_ _3\"></span>eliverie<span class=\"_ _3\"></span>s, pricing<span class=\"_ _3\"></span> achi<span class=\"_ _3\"></span>eved a<span class=\"_ _3\"></span>nd cost<span class=\"_ _3\"></span> escalation<span class=\"_ _3\"></span>) tha<span class=\"_ _3\"></span>t are<span class=\"_ _3\"></span> based on<span class=\"_ _3\"></span> curr<span class=\"_ _3\"></span>ent a<span class=\"_ _3\"></span>nd know<span class=\"_ _3\"></span>n<span class=\"_ _351\"> </span></span><span class=\"ffc8 lsab wsd8\"> </span></span>fut<span class=\"_ _0\"></span>ure progr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, est<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s of market share and lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m econ<span class=\"_ _0\"></span>omic fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Se<span class=\"_ _0\"></span>vere but pl<span class=\"_ _0\"></span>ausib<span class=\"_ _0\"></span>le down<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e scena<span class=\"_ _0\"></span>rio in rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to macro<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic fac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d with a 20<span class=\"_ _0\"></span>% weigh<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g;<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Ca<span class=\"_ _0\"></span>sh flows b<span class=\"_ _0\"></span>eyon<span class=\"_ _0\"></span>d the five<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are assume<span class=\"_ _0\"></span>d to grow at 1.0<span class=\"_ _0\"></span>% (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: 2<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>%)<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">No<span class=\"_ _0\"></span>minal p<span class=\"_ _0\"></span>ost-ta<span class=\"_ _0\"></span>x dis<span class=\"_ _0\"></span>count rat<span class=\"_ _0\"></span>e 10<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>% (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: 8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>%).<span class=\"_ _351\"> </span></span></span>The <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>consi<span class=\"_ _0\"></span>der <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ny <span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>bly <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>chang<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>key <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d risk<span class=\"_ _0\"></span>s above) woul<span class=\"_ _0\"></span>d cause th<span class=\"_ _0\"></span>e F<span class=\"_ _0\"></span>VLCO<span class=\"_ _0\"></span>D of the busi<span class=\"_ _0\"></span>ness to fal<span class=\"_ _0\"></span>l bel<span class=\"_ _0\"></span>ow its c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>yin<span class=\"_ _0\"></span>g value of goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>9\u2002<span class=\"_ _c\"> </span>Intangible\u2002assets\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Rolls-R<span class=\"_ _3\"></span>oy<span class=\"_ _f\"></span>ce Deutschland Ltd <span class=\"_ _3\"></span>&amp; Co K<span class=\"_ _f\"></span>G<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Re<span class=\"_ _0\"></span>covera<span class=\"_ _0\"></span>ble amo<span class=\"_ _0\"></span>unt repres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s the val<span class=\"_ _0\"></span>ue in use of the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s in their cur<span class=\"_ _0\"></span>rent cond<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on;<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>T<span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>(e<span class=\"_ _0\"></span>.g<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>lume <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>urs <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alle<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>assum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>recove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _351\"> </span> aeros<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y, <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on) <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>now<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>prog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>mar<span class=\"_ _0\"></span>ket <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>long-term <span class=\"_ _3\"></span>economic f<span class=\"_ _3\"></span>orecasts;<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Se<span class=\"_ _0\"></span>vere but pl<span class=\"_ _0\"></span>ausib<span class=\"_ _0\"></span>le down<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e scena<span class=\"_ _0\"></span>rio in rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to macro<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic fac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d with a 25% wei<span class=\"_ _0\"></span>ghti<span class=\"_ _0\"></span>ng;<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Ca<span class=\"_ _0\"></span>sh flows b<span class=\"_ _0\"></span>eyon<span class=\"_ _0\"></span>d the five<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are assume<span class=\"_ _0\"></span>d to grow at 2.0<span class=\"_ _0\"></span>% (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: 2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0%)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">No<span class=\"_ _0\"></span>minal pre<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x disco<span class=\"_ _0\"></span>unt rate 13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>% (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: 11.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>%)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls5c ws8a\"> </span></span>The <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>consi<span class=\"_ _0\"></span>der <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ny <span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>bly <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>chang<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>key <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d risk<span class=\"_ _0\"></span>s above) woul<span class=\"_ _0\"></span>d cause th<span class=\"_ _0\"></span>e value in use of the go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l to fall bel<span class=\"_ _0\"></span>ow it<span class=\"_ _0\"></span>s car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>Other CGUs<span class=\"_ _351\"> </span>G<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>l bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es ac<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span> that<span class=\"_ _0\"></span> are not co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to be ind<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span> sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t were<span class=\"_ _0\"></span> als<span class=\"_ _0\"></span>o tes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d for imp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>, resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> in no<span class=\"_ _351\"> </span> impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent charge (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: no impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt charge) bei<span class=\"_ _0\"></span>ng reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt and the residu<span class=\"_ _0\"></span>al life of the mate<span class=\"_ _0\"></span>rial int<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ble ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s (excludin<span class=\"_ _0\"></span>g goo<span class=\"_ _0\"></span>dwil<span class=\"_ _0\"></span>l) for the Gro<span class=\"_ _0\"></span>up is as <span class=\"_ _3\"></span>fol<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>Residual <span class=\"_ _3\"></span>life<span class=\"_ _351\"> </span> 1<span class=\"_ _351\"> </span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok va<span class=\"_ _0\"></span>lue<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>T<span class=\"_ _f\"></span>rent pr<span class=\"_ _f\"></span>ogramme intangible assets<span class=\"_ _351\"> </span> 2<span class=\"_ _351\"> </span>3<span class=\"_ _0\"></span>-15 year<span class=\"_ _0\"></span>s <span class=\"_ _bf\"> </span><span class=\"ffc7 ls3 ws3\">1,<span class=\"_ _0\"></span>826 <span class=\"_ _c8\"> </span></span><span class=\"ls5c ws8a\">1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span><span class=\"ls5c ws8a\"> </span>Business aviation <span class=\"_ _3\"></span>prog<span class=\"_ _3\"></span>ramme intangible <span class=\"_ _3\"></span>assets<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span>12-15 yea<span class=\"_ _0\"></span>rs <span class=\"_ _c7\"> </span><span class=\"ffc7 ls3 ws3\">250 <span class=\"_ _d2\"> </span><span class=\"ffc8\">237<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>Intangible assets r<span class=\"_ _f\"></span>elated to Power <span class=\"_ _3\"></span>Systems<span class=\"_ _351\"> </span> 4<span class=\"_ _351\"> </span>46<span class=\"_ _0\"></span>6 <span class=\"_ _19\"> </span><span class=\"ffc8\">49<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span><span class=\"ffc8\"> </span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>542 <span class=\"_ _84\"> </span><span class=\"ffc8 ls74 wsa2\">2,<span class=\"_ _2\"></span>51<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls74 wsa2\"> </span>1  Residual <span class=\"_ _3\"></span>life r<span class=\"_ _3\"></span>eflects the <span class=\"_ _3\"></span>remaining <span class=\"_ _f\"></span>amortisation period of <span class=\"_ _3\"></span>those assets <span class=\"_ _3\"></span>where <span class=\"_ _f\"></span>amortisation has commenced. <span class=\"_ _f\"></span>As per page <span class=\"_ _3\"></span>120, the <span class=\"_ _3\"></span>amortisation period <span class=\"_ _f\"></span>of 15 years <span class=\"_ _f\"></span>will commence on <span class=\"_ _f\"></span>those<span class=\"_ _0\"></span> assets which ar<span class=\"_ _3\"></span>e not being am<span class=\"_ _3\"></span>ortised as the units <span class=\"_ _3\"></span>are deliver<span class=\"_ _f\"></span>ed<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span> Included within the <span class=\"_ _3\"></span>T<span class=\"_ _3\"></span>rent pr<span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>grammes <span class=\"_ _3\"></span>are the <span class=\"_ _3\"></span>Tr<span class=\"_ _f\"></span>ent 1000, T<span class=\"_ _3\"></span>rent 7000 <span class=\"_ _3\"></span>and T<span class=\"_ _3\"></span>rent XWB<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span> Included within business <span class=\"_ _3\"></span>aviation ar<span class=\"_ _3\"></span>e the Pearl <span class=\"_ _3\"></span>700 and Pearl <span class=\"_ _3\"></span>15<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span> Includes \u00a3114m (2021: <span class=\"_ _3\"></span>\u00a3108m) in r<span class=\"_ _3\"></span>espect of a br<span class=\"_ _3\"></span>and intangible asset which <span class=\"_ _3\"></span>is not amortised. <span class=\"_ _3\"></span>Remaining assets ar<span class=\"_ _3\"></span>e amortised over <span class=\"_ _3\"></span>a range of <span class=\"_ _3\"></span>three to <span class=\"_ _3\"></span>20 years<span class=\"_ _351\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> CG<span class=\"_ _2\"></span>U<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt of goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll or inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s with in<span class=\"_ _0\"></span>defi<span class=\"_ _0\"></span>nite us<span class=\"_ _0\"></span>eful li<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _2\"></span>inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>(incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s) <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>acco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _2\"></span>IA<span class=\"_ _0\"></span>S <span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>. <span class=\"_ _35\"></span><span class=\"ls3 ws3\"> </span>Assessments <span class=\"_ _0\"></span>have considered <span class=\"_ _0\"></span>potential <span class=\"_ _0\"></span>triggers <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>impairment such <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>external <span class=\"_ _0\"></span>fac<span class=\"_ _0\"></span>tors, <span class=\"_ _0\"></span>including climate change, <span class=\"_ _0\"></span>significant changes<span class=\"_ _351\"> </span> wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>adv<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ef<span class=\"_ _2\"></span>fe<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ysin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>repa<span class=\"_ _0\"></span>red <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>any<span class=\"_ _351\"> </span> dete<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> Whe<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>gge<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>est <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>requ<span class=\"_ _0\"></span>ired <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>tes<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>s <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d on the foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g basis<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing values have <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed by <span class=\"_ _f\"></span>refe<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>in use. <span class=\"_ _3\"></span>Th<span class=\"_ _0\"></span>ese have <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>usin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _3\"></span>flow<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>from the <span class=\"_ _3\"></span>mos<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>rec<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </span></span>f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> over the li<span class=\"_ _0\"></span>ves of the respe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve progr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>s; and<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>fl<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>j<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> share <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rici<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>limat<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ks <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ered <span class=\"_ _2\"></span>when <span class=\"_ _2\"></span>mak<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h the assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s above.<span class=\"_ _0\"></span> The<span class=\"_ _0\"></span>re have been no (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: none) indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y mater<span class=\"_ _0\"></span>ial imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent charg<span class=\"_ _0\"></span>es or revers<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d durin<span class=\"_ _0\"></span>g the year.<span class=\"_ _351\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-793": {
   "value": "9\u2002<span class=\"_ _c\"> </span>Intangible\u2002assets<span class=\"_ _351\"> </span>Goodwill<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Certification<span class=\"_ _351\"> </span>costs<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Development<span class=\"_ _351\"> </span>expenditure<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Customer\u2002relationships<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re\u20021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Other<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Cost:<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January 2021<span class=\"_ _28a\"> </span><span class=\"ls64 ws91\">1,112 <span class=\"_ _5c\"> </span><span class=\"ls3 ws3\">9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3 <span class=\"_ _a0\"> </span>3,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>64 <span class=\"_ _68\"> </span><span class=\"ls169 ws198\">1,403 <span class=\"_ _5c\"> </span></span>968 <span class=\"_ _73\"> </span>893 <span class=\"_ _92\"> </span><span class=\"lsd1 wsfc\">8,903<span class=\"_ _3\"></span> </span></span></span>Additions<span class=\"_ _243\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _ed\"> </span>1 <span class=\"_ _1a\"> </span>104 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _84\"> </span>83 <span class=\"_ _c8\"> </span>35 <span class=\"_ _64\"> </span><span class=\"ls90 wsbd\">223<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ls90 wsbd\"> </span></span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span> 2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _57\"> </span><span class=\"ffc6 ls80 wsae\">(6)<span class=\"_ _73\"> </span><span class=\"ls6e ws9b\">(1<span class=\"_ _0\"></span>79)<span class=\"_ _21\"> </span><span class=\"ls62 ws8f\">(86<span class=\"_ _0\"></span>8)<span class=\"_ _84\"> </span><span class=\"ls65 ws92\">(1<span class=\"_ _0\"></span>5)<span class=\"_ _62\"> </span></span></span></span></span><span class=\"ffc6\">(59)<span class=\"_ _99\"> </span></span><span class=\"ls7b wsaa\">(1,1<span class=\"_ _0\"></span>27<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Disposals<span class=\"_ _28b\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _7b\"> </span><span class=\"ls3 ws3\">(22)<span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _84\"> </span></span></span>(51<span class=\"_ _0\"></span>)<span class=\"_ _bb\"> </span><span class=\"ls3 ws3\">(2)<span class=\"_ _85\"> </span>(79)<span class=\"_ _351\"> </span></span></span>Reclassifications<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _bb\"> </span><span class=\"ffc6\">(2)<span class=\"_ _e7\"> </span></span>8 <span class=\"_ _e7\"> </span>6<span class=\"_ _351\"> </span> Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _d6\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _1b5\"> </span><span class=\"ls6b ws98\">(3)<span class=\"_ _1a\"> </span><span class=\"ls80 wsae\">(9<span class=\"_ _0\"></span>6)<span class=\"_ _1a\"> </span>(60)<span class=\"_ _1b5\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>5)<span class=\"_ _7b\"> </span></span></span></span>(42)<span class=\"_ _aa\"> </span><span class=\"ls60 ws8d\">(2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _d7\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>60 <span class=\"_ _73\"> </span>93<span class=\"_ _0\"></span>3 <span class=\"_ _156\"> </span>3,<span class=\"_ _0\"></span>393 <span class=\"_ _6f\"> </span><span class=\"ls63 ws90\">475<span class=\"_ _0\"></span> <span class=\"_ _86\"> </span></span>978 <span class=\"_ _73\"> </span>83<span class=\"_ _0\"></span>3 <span class=\"_ _81\"> </span><span class=\"lsd0 wsfa\">7,<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span> </span></span><span class=\"ls3 ws3\"><span class=\"lsd0 wsfa\"></span></span>Additions<span class=\"_ _243\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _ae\"> </span><span class=\"ls77 wsa5\">131 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _75\"> </span>78 <span class=\"_ _be\"> </span>21 <span class=\"_ _73\"> </span>230<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>Disposals<span class=\"_ _26c\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _26\"> </span><span class=\"ls63 ws90\">(9<span class=\"_ _0\"></span>0)<span class=\"_ _dc\"> </span>(1)<span class=\"_ _ae\"> </span>(91)<span class=\"_ _351\"> </span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _d7\"> </span><span class=\"ffc7 ls6e ws9b\">75<span class=\"_ _0\"></span> <span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">2 <span class=\"_ _ae\"> </span>80 <span class=\"_ _de\"> </span><span class=\"ls62 ws8f\">37 <span class=\"_ _be\"> </span></span>12 <span class=\"_ _c8\"> </span>33 <span class=\"_ _86\"> </span>239<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls6e ws9b\"><span class=\"ls3 ws3\"> </span></span>At\u200231\u2002December\u20022022<span class=\"_ _187\"> </span><span class=\"ffc7 ls6d wscb\">1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span> <span class=\"_ _73\"> </span><span class=\"ls7b wsaa\">935 <span class=\"_ _87\"> </span><span class=\"ls3 ws3\">3,6<span class=\"_ _0\"></span>04 <span class=\"_ _85\"> </span></span></span></span><span class=\"ffc7\">51<span class=\"_ _0\"></span>2 <span class=\"_ _86\"> </span><span class=\"ls75 wsa3\">978 <span class=\"_ _83\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _0\"></span>86 <span class=\"_ _56\"> </span>8<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>50<span class=\"_ _351\"> </span></span></span></span><span class=\"ffc7\"><span class=\"ls75 wsa3\"><span class=\"ls3 ws3\"> </span></span></span>Accumulated\u2002amortisation\u2002and\u2002impair<span class=\"_ _3\"></span>ment:<span class=\"_ _351\"> </span>At 1 <span class=\"_ _3\"></span>January 2021<span class=\"_ _66\"> </span><span class=\"ls3 ws3\">38 <span class=\"_ _86\"> </span><span class=\"ls6e ws9b\">429 <span class=\"_ _68\"> </span></span>1,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>03 <span class=\"_ _64\"> </span><span class=\"ls63 ws90\">47<span class=\"_ _0\"></span>8 <span class=\"_ _83\"> </span><span class=\"ls6e ws9b\">6<span class=\"_ _0\"></span>07 <span class=\"_ _5c\"> </span></span></span>4<span class=\"_ _0\"></span>03 <span class=\"_ _124\"> </span></span>3<span class=\"_ _0\"></span>,75<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span> Charge for <span class=\"_ _3\"></span>the year<span class=\"_ _351\"> </span> 4<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _be\"> </span>21 <span class=\"_ _75\"> </span>75 <span class=\"_ _84\"> </span>5<span class=\"_ _0\"></span>9 <span class=\"_ _c8\"> </span>97 <span class=\"_ _84\"> </span>2<span class=\"_ _0\"></span>9 <span class=\"_ _85\"> </span>281<span class=\"_ _351\"> </span> Impairment<span class=\"_ _28c\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _ed\"> </span>1 <span class=\"_ _65\"> </span>8 <span class=\"_ _e7\"> </span>9<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span> 2<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _1b5\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _c8\"> </span>(51)<span class=\"_ _73\"> </span><span class=\"ls80 wsae\">(1<span class=\"_ _0\"></span>76)<span class=\"_ _60\"> </span>( 1<span class=\"_ _0\"></span>0)<span class=\"_ _19\"> </span></span></span>\u2013 <span class=\"_ _73\"> </span><span class=\"ffc6 ls6c ws99\">(<span class=\"_ _0\"></span>241)<span class=\"_ _351\"> </span></span>Disposals<span class=\"_ _28b\"> </span><span class=\"ffc6 ls74 wsa2\">(4)<span class=\"_ _c8\"> </span><span class=\"ls80 wsae\">(21)<span class=\"_ _d2\"> </span></span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _62\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _c4\"> </span><span class=\"ls80 wsae\">(1)<span class=\"_ _7b\"> </span><span class=\"lsce wsf8\">(<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span></span></span>Reclassifications<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _e7\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _e7\"> </span>6 <span class=\"_ _17e\"> </span>1 <span class=\"_ _c4\"> </span>6<span class=\"_ _351\"> </span> Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _28d\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _62\"> </span><span class=\"ffc6 ls80 wsae\">(66)<span class=\"_ _2b\"> </span><span class=\"ls6e ws9b\">(19)<span class=\"_ _1b5\"> </span><span class=\"ls6b ws98\">(3)<span class=\"_ _85\"> </span></span></span>(20)<span class=\"_ _72\"> </span><span class=\"ls6e ws9b\">(10<span class=\"_ _0\"></span>8)<span class=\"_ _351\"> </span></span></span></span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">34 <span class=\"_ _64\"> </span><span class=\"ls6e ws9b\">42<span class=\"_ _0\"></span>5 <span class=\"_ _157\"> </span></span></span>1<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>0 <span class=\"_ _64\"> </span><span class=\"ls6e ws9b\">3<span class=\"_ _0\"></span>42 <span class=\"_ _5c\"> </span><span class=\"ls3 ws3\">650 <span class=\"_ _73\"> </span></span>42<span class=\"_ _0\"></span>0 <span class=\"_ _157\"> </span><span class=\"ls73 wsa1\">3<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>31<span class=\"_ _351\"> </span></span></span><span class=\"ls6e ws9b\"><span class=\"ls73 wsa1\"> </span></span>Charge for <span class=\"_ _3\"></span>the year<span class=\"_ _351\"> </span> 4<span class=\"_ _351\"> </span>\u2013 <span class=\"_ _be\"> </span>21 <span class=\"_ _75\"> </span>7<span class=\"_ _0\"></span>7 <span class=\"_ _c8\"> </span>35 <span class=\"_ _84\"> </span>86 <span class=\"_ _c8\"> </span>33 <span class=\"_ _6f\"> </span><span class=\"ls6c ws99\">2<span class=\"_ _0\"></span>52<span class=\"_ _351\"> </span></span><span class=\"ls6c ws99\"> </span>Impairment<span class=\"_ _1f5\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _1b5\"> </span>17 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _57\"> </span><span class=\"ls6e ws9b\">13<span class=\"_ _0\"></span> <span class=\"_ _65\"> </span></span>5 <span class=\"_ _c8\"> </span>35<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>Disposals<span class=\"_ _26c\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _85\"> </span><span class=\"ls6c ws99\">(82)<span class=\"_ _dc\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _85\"> </span><span class=\"ls6d wscb\">(83)<span class=\"_ _351\"> </span></span></span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _1b9\"> </span><span class=\"ffc7 ls3 ws3\">2 <span class=\"_ _ed\"> </span>1 <span class=\"_ _c8\"> </span>58 <span class=\"_ _28f\"> </span>29 <span class=\"_ _65\"> </span>8 <span class=\"_ _58\"> </span>19 <span class=\"_ _2b\"> </span>117<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _df\"> </span><span class=\"ffc7 ls3 ws3\">36 <span class=\"_ _64\"> </span><span class=\"ls83 wsb1\">4<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span> <span class=\"_ _61\"> </span><span class=\"ls15b ws189\">1,912 <span class=\"_ _72\"> </span></span></span>40<span class=\"_ _0\"></span>6 <span class=\"_ _86\"> </span><span class=\"ls6e ws9b\">6<span class=\"_ _0\"></span>75 <span class=\"_ _64\"> </span><span class=\"ls83 wsb1\">476<span class=\"_ _0\"></span> <span class=\"_ _6b\"> </span><span class=\"ls6c ws99\">3,<span class=\"_ _0\"></span>952<span class=\"_ _0\"></span> </span></span></span></span>Net\u2002book\u2002value\u2002at:<span class=\"_ _351\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _bd\"> </span><span class=\"ffc7 ls3 ws3\">1<span class=\"_ _0\"></span>,09<span class=\"_ _0\"></span>9 <span class=\"_ _83\"> </span>4<span class=\"_ _0\"></span>88 <span class=\"_ _157\"> </span><span class=\"lsaa wsd7\">1,692 <span class=\"_ _64\"> </span></span>1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6 <span class=\"_ _83\"> </span><span class=\"ls80 wsae\">303 <span class=\"_ _1a\"> </span><span class=\"ls74 wsa2\">410 <span class=\"_ _92\"> </span></span></span>4,<span class=\"_ _0\"></span>098<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>At 31 <span class=\"_ _3\"></span>December 2021<span class=\"_ _131\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,026 <span class=\"_ _83\"> </span>508 <span class=\"_ _81\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>63<span class=\"_ _0\"></span>3 <span class=\"_ _62\"> </span>133 <span class=\"_ _64\"> </span><span class=\"ls6b ws98\">328 <span class=\"_ _85\"> </span><span class=\"ls6c ws99\">413 <span class=\"_ _81\"> </span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>41<span class=\"_ _0\"></span> </span></span></span>1<span class=\"_ _351\"> </span> Includes \u00a393m (2021: <span class=\"_ _3\"></span>\u00a3115m) of softwar<span class=\"_ _3\"></span>e under course <span class=\"_ _3\"></span>of construction which is <span class=\"_ _3\"></span>not amortised<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span> ITP Aer<span class=\"_ _3\"></span>o was classified as <span class=\"_ _3\"></span>a disposal gr<span class=\"_ _f\"></span>oup held for sale at <span class=\"_ _3\"></span>30 June 2021<span class=\"_ _351\"> </span>3<span class=\"_ _351\"> </span> Includes r<span class=\"_ _3\"></span>eclassifications within intangible assets <span class=\"_ _3\"></span>or from <span class=\"_ _3\"></span>property<span class=\"_ _f\"></span>, plant and equipment when <span class=\"_ _3\"></span>available for use<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span> Charged to cost <span class=\"_ _3\"></span>of sales and commer<span class=\"_ _f\"></span>cial and administrative <span class=\"_ _3\"></span>costs except development <span class=\"_ _3\"></span>costs, which ar<span class=\"_ _3\"></span>e charged to r<span class=\"_ _f\"></span>esearch and development <span class=\"_ _3\"></span>costs<span class=\"_ _351\"> </span>At 31 <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up had expe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ture commi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s for sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re of \u00a337m (20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>: \u00a349<span class=\"_ _0\"></span>m).<span class=\"_ _0\"></span> 9\u2002<span class=\"_ _c\"> </span>Intangible\u2002assets\u2002\u2013\u2002continued<span class=\"_ _351\"> </span>Goodwill<span class=\"_ _351\"> </span>In <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce <span class=\"_ _f\"></span>w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>requi<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts of <span class=\"_ _f\"></span>IA<span class=\"_ _0\"></span>S <span class=\"_ _3\"></span>36<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>is <span class=\"_ _3\"></span>all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _f\"></span>CG<span class=\"_ _0\"></span>Us<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>or <span class=\"_ _3\"></span>grou<span class=\"_ _0\"></span>ps <span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _f\"></span>C<span class=\"_ _0\"></span>GU<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _f\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _3\"></span>are <span class=\"_ _f\"></span>ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to <span class=\"_ _f\"></span>ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t<span class=\"_ _351\"> </span> from the s<span class=\"_ _0\"></span>yne<span class=\"_ _0\"></span>rgies of th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss comb<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n that gave rise to the go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>dwil<span class=\"_ _0\"></span>l as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span>Cash-gener<span class=\"_ _3\"></span>ating unit (CGU) or gr<span class=\"_ _3\"></span>oup of CGUs<span class=\"_ _351\"> </span>Primary<span class=\"_ _0\"></span>\u2002operating<span class=\"_ _351\"> </span>segment<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Rolls-Roy<span class=\"_ _3\"></span>ce Power Systems <span class=\"_ _3\"></span>AG<span class=\"_ _42\"> </span><span class=\"ls6b ws98\">Power <span class=\"_ _3\"></span>Systems<span class=\"_ _f5\"> </span><span class=\"ffc7 ls3 ws3\">81<span class=\"_ _0\"></span>8 <span class=\"_ _dc\"> </span></span><span class=\"ls80 wsae\">760<span class=\"_ _351\"> </span></span></span><span class=\"ls6b ws98\"><span class=\"ls80 wsae\"> </span></span>Rolls-Roy<span class=\"_ _3\"></span>ce Deutschland Ltd <span class=\"_ _3\"></span>&amp; Co K<span class=\"_ _3\"></span>G<span class=\"_ _1da\"> </span><span class=\"ls77 wsa5\">C<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>l Aerosp<span class=\"_ _0\"></span>ace<span class=\"_ _39\"> </span><span class=\"ffc7 ls74 wsa2\">2<span class=\"_ _0\"></span>41 <span class=\"_ _e7\"> </span></span><span class=\"ls3 ws3\">22<span class=\"_ _0\"></span>9<span class=\"_ _351\"> </span></span></span><span class=\"ls77 wsa5\"><span class=\"ls3 ws3\"> </span></span>Other<span class=\"_ _290\"> </span><span class=\"lsab wsd8\">V<span class=\"_ _3\"></span>arious<span class=\"_ _d9\"> </span><span class=\"ffc7 ls3 ws3\">4<span class=\"_ _0\"></span>0 <span class=\"_ _127\"> </span><span class=\"ffc8\">3<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span></span></span><span class=\"lsab wsd8\"><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></span>1,0<span class=\"_ _0\"></span>99 <span class=\"_ _60\"> </span><span class=\"ffc8 ls9c wsc9\">1<span class=\"_ _0\"></span>,026<span class=\"_ _351\"> </span></span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l has been test<span class=\"_ _0\"></span>ed for impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt during 20<span class=\"_ _0\"></span>22 on the foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g basis:<span class=\"_ _0\"></span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>refere<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>hig<span class=\"_ _0\"></span>her <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lue <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>use <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> </span></span>valu<span class=\"_ _0\"></span>e less cos<span class=\"_ _0\"></span>ts of disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al (F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>LCOD)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>The <span class=\"_ _2\"></span>recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ount <span class=\"_ _2\"></span>has <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>sing <span class=\"_ _2\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>hich <span class=\"_ _2\"></span>are <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>consi<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _2\"></span>pas<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nce <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>urces <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>inf<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket <span class=\"_ _2\"></span>cond<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. <span class=\"_ _2\"></span>The<span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>nera<span class=\"_ _0\"></span>lly <span class=\"_ _2\"></span>cover <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>five <span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ars<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ot <span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>red <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>whi<span class=\"_ _0\"></span>ch <span class=\"_ _0\"></span>refl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>G<span class=\"_ _b\"></span>U<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>U<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>I<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>fl<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>commi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>whe<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>relev<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Wh<span class=\"_ _0\"></span>ere <span class=\"_ _3\"></span>gen<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l <span class=\"_ _f\"></span>i<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion assumpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>have <span class=\"_ _3\"></span>be<span class=\"_ _0\"></span>en r<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d, these <span class=\"_ _3\"></span>have been estim<span class=\"_ _0\"></span>ated base<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>on <span class=\"_ _3\"></span>ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rnal<span class=\"_ _0\"></span>ly<span class=\"_ _351\"> </span> sourc<span class=\"_ _0\"></span>ed data<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>infl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>3% <span class=\"_ _3\"></span>to 4% <span class=\"_ _f\"></span>have <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>een includ<span class=\"_ _0\"></span>ed in <span class=\"_ _f\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>on the <span class=\"_ _f\"></span>n<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>re <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span>nd geogr<span class=\"_ _0\"></span>aphy<span class=\"_ _0\"></span> of the flow<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls8a wsb7\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ke<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>re<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mp<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> are<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> dis<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n pa<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>ic<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> </span><span class=\"ffc8 ls8a wsb7\"></span></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> vo<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s)<span class=\"_ _2\"></span>, th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> exc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> on<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n se<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> and cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d grow<span class=\"_ _0\"></span>th rate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt test<span class=\"_ _0\"></span>s are per<span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>med usi<span class=\"_ _0\"></span>ng preva<span class=\"_ _0\"></span>ilin<span class=\"_ _0\"></span>g exchange rat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>  <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>The <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ieve <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>grow<span class=\"_ _2\"></span>th <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>unit<span class=\"_ _0\"></span>ies <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>from <span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Roy<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ayin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>role <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _35\"></span><span class=\"ls3 ws3\"> </span>tra<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to net zero<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>st at th<span class=\"_ _0\"></span>e same ti<span class=\"_ _0\"></span>me clim<span class=\"_ _0\"></span>ate chan<span class=\"_ _0\"></span>ge po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s pote<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span>ly signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t risk<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. The ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons us<span class=\"_ _0\"></span>ed by the Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs<span class=\"_ _351\"> </span> are b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rien<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal <span class=\"_ _0\"></span>sou<span class=\"_ _0\"></span>rces o<span class=\"_ _0\"></span>f in<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>main <span class=\"_ _0\"></span>cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted <span class=\"_ _0\"></span>area<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e<span class=\"_ _351\"> </span> r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> co<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> and<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>thei<span class=\"_ _3\"></span>r us<span class=\"_ _3\"></span>efu<span class=\"_ _3\"></span>l liv<span class=\"_ _3\"></span>es<span class=\"_ _f\"></span>) and<span class=\"_ _3\"></span> shifti<span class=\"_ _3\"></span>ng i<span class=\"_ _3\"></span>nv<span class=\"_ _3\"></span>estme<span class=\"_ _3\"></span>nt f<span class=\"_ _3\"></span>ocu<span class=\"_ _3\"></span>s to<span class=\"_ _3\"></span>war<span class=\"_ _3\"></span>ds<span class=\"_ _3\"></span> more<span class=\"_ _3\"></span> sus<span class=\"_ _3\"></span>tain<span class=\"_ _3\"></span>able<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>pro<span class=\"_ _3\"></span>ducts<span class=\"_ _3\"></span> and so<span class=\"_ _3\"></span>luti<span class=\"_ _3\"></span>ons.<span class=\"_ _3\"></span> Based<span class=\"_ _3\"></span> on the<span class=\"_ _f\"></span> <span class=\"_ _0\"></span>cli<span class=\"_ _3\"></span>mat<span class=\"_ _3\"></span>e sc<span class=\"_ _3\"></span>enar<span class=\"_ _3\"></span>ios<span class=\"_ _351\"> </span> prep<span class=\"_ _0\"></span>ared<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>o n<span class=\"_ _0\"></span>ot as<span class=\"_ _0\"></span>sume <span class=\"_ _0\"></span>a si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>dem<span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>for <span class=\"_ _0\"></span>Civ<span class=\"_ _0\"></span>il A<span class=\"_ _0\"></span>erosp<span class=\"_ _0\"></span>ace <span class=\"_ _0\"></span>(inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g Ro<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>Royce <span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>schl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d)<span class=\"_ _351\"> </span> pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ven <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _2\"></span>all <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omme<span class=\"_ _0\"></span>rcial <span class=\"_ _2\"></span>aero<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gine<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>pat<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>th <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nabl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Si<span class=\"_ _0\"></span>mil<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y, th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span> po<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r reci<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g en<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>s in Pow<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> Syst<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>ll b<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> wit<span class=\"_ _0\"></span>h su<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e fue<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>s by th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d of 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> requ<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> to ensure<span class=\"_ _3\"></span> our new produc<span class=\"_ _0\"></span>ts will be co<span class=\"_ _0\"></span>mpatible with net zero operati<span class=\"_ _0\"></span>on by 2030, an<span class=\"_ _0\"></span>d to achieve<span class=\"_ _3\"></span> net zero scope 1 and 2 G<span class=\"_ _0\"></span>HG emissions<span class=\"_ _351\"> </span> is refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted in the fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> A 1<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>5<span class=\"_ _351\"> </span>o<span class=\"_ _351\"> </span>C <span class=\"_ _3\"></span>sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>io has <span class=\"_ _3\"></span>be<span class=\"_ _0\"></span>en prepare<span class=\"_ _0\"></span>d using <span class=\"_ _3\"></span>key data point<span class=\"_ _0\"></span>s from <span class=\"_ _3\"></span>ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal sources includi<span class=\"_ _0\"></span>ng Oxf<span class=\"_ _0\"></span>ord Economi<span class=\"_ _0\"></span>cs<span class=\"_ _0\"></span>, Glob<span class=\"_ _0\"></span>al Climate Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice and<span class=\"_ _351\"> </span> Dat<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ank an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e Int<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al En<span class=\"_ _0\"></span>ergy <span class=\"_ _0\"></span>Age<span class=\"_ _0\"></span>ncy. Th<span class=\"_ _0\"></span>is sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio <span class=\"_ _0\"></span>has b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en us<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>as t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>asis <span class=\"_ _0\"></span>of a s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _2\"></span>y. It is a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>gove<span class=\"_ _0\"></span>rnme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> ado<span class=\"_ _0\"></span>pt <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ter produc<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>and behav<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>ral stand<span class=\"_ _0\"></span>ards and <span class=\"_ _f\"></span>m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ures <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _3\"></span>resul<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>hig<span class=\"_ _0\"></span>her carb<span class=\"_ _0\"></span>on pricing<span class=\"_ _0\"></span>. Unde<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>se condit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>it is <span class=\"_ _f\"></span>as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>d<span class=\"_ _351\"> </span> that <span class=\"_ _2\"></span>mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>illin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ay <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>low <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>here <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>c <span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>urn <span class=\"_ _2\"></span>from <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gic <span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on<span class=\"_ _351\"> </span> alte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>kelih<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>f de<span class=\"_ _0\"></span>mand <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r our <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>l e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n<span class=\"_ _351\"> </span> the <span class=\"_ _2\"></span>mar<span class=\"_ _0\"></span>ketp<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>alte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>tly <span class=\"_ _2\"></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>sen<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>so <span class=\"_ _2\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _351\"> </span> impa<span class=\"_ _0\"></span>ct <span class=\"_ _0\"></span>of a <span class=\"_ _0\"></span>bro<span class=\"_ _0\"></span>ad r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e of <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ial <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s imp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>by p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icy <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>regul<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns (t<span class=\"_ _0\"></span>hroug<span class=\"_ _0\"></span>h c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g). <span class=\"_ _0\"></span>This <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span> not indi<span class=\"_ _0\"></span>cate th<span class=\"_ _0\"></span>e nee<span class=\"_ _0\"></span>d for an impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt charge<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The pr<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>pal assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s for goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d to be indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>lly sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cant are:<span class=\"_ _351\"> </span>Rolls-R<span class=\"_ _3\"></span>oy<span class=\"_ _f\"></span>ce Po<span class=\"_ _3\"></span>wer S<span class=\"_ _3\"></span>ystem<span class=\"_ _3\"></span>s A<span class=\"_ _3\"></span>G<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span>Recoverable<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>amount <span class=\"_ _0\"></span>represents F<span class=\"_ _0\"></span>VLCOD <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>reflect <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>future <span class=\"_ _0\"></span>strategy <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>business. <span class=\"_ _0\"></span>Whilst <span class=\"_ _0\"></span>there <span class=\"_ _0\"></span>are no <span class=\"_ _0\"></span>indicators <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>impairment<span class=\"_ _351\"> </span> un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> me<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> in 20<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Di<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> inf<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on<span class=\"_ _0\"></span> a <span class=\"_ _3\"></span>F<span class=\"_ _2\"></span>V<span class=\"_ _0\"></span>LC<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> her<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> is a<span class=\"_ _3\"></span> more u<span class=\"_ _3\"></span>seful r<span class=\"_ _3\"></span>epresentation<span class=\"_ _3\"></span> of the r<span class=\"_ _3\"></span>ecove<span class=\"_ _3\"></span>rable amo<span class=\"_ _3\"></span>unt when<span class=\"_ _3\"></span> consideri<span class=\"_ _3\"></span>ng the fut<span class=\"_ _3\"></span>ure strat<span class=\"_ _3\"></span>egy of the<span class=\"_ _3\"></span> busines<span class=\"_ _3\"></span>s, includi<span class=\"_ _3\"></span>ng the im<span class=\"_ _3\"></span>pact<span class=\"_ _351\"> </span> of c<span class=\"_ _0\"></span>limat<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>opp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tuni<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Due <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket <span class=\"_ _0\"></span>input<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>inp<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket <span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce,<span class=\"_ _0\"></span> the fair value is estim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>by discou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g future cash flows (Level 3 <span class=\"_ _3\"></span>as defin<span class=\"_ _0\"></span>ed by <span class=\"_ _3\"></span>IF<span class=\"_ _0\"></span>RS 13 <span class=\"ffca ls60 ws198\">F<span class=\"_ _3\"></span>air V<span class=\"_ _3\"></span>alue Measuremen<span class=\"_ _3\"></span>t<span class=\"ffc8 lsb8 wse6\">) mo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> for<span class=\"_ _0\"></span> mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> </span></span>participants v<span class=\"_ _3\"></span>iews;<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 lsab wsd8\">T<span class=\"_ _f\"></span>rading<span class=\"_ _3\"></span> assum<span class=\"_ _3\"></span>ptions (<span class=\"_ _f\"></span>e.g<span class=\"_ _0\"></span>. vo<span class=\"_ _3\"></span>lume o<span class=\"_ _3\"></span>f equi<span class=\"_ _3\"></span>pment d<span class=\"_ _3\"></span>eliverie<span class=\"_ _3\"></span>s, pricing<span class=\"_ _3\"></span> achi<span class=\"_ _3\"></span>eved a<span class=\"_ _3\"></span>nd cost<span class=\"_ _3\"></span> escalation<span class=\"_ _3\"></span>) tha<span class=\"_ _3\"></span>t are<span class=\"_ _3\"></span> based on<span class=\"_ _3\"></span> curr<span class=\"_ _3\"></span>ent a<span class=\"_ _3\"></span>nd know<span class=\"_ _3\"></span>n<span class=\"_ _351\"> </span></span><span class=\"ffc8 lsab wsd8\"> </span></span>fut<span class=\"_ _0\"></span>ure progr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, est<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s of market share and lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m econ<span class=\"_ _0\"></span>omic fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>;<span class=\"_ _351\"> </span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Se<span class=\"_ _0\"></span>vere but pl<span class=\"_ _0\"></span>ausib<span class=\"_ _0\"></span>le down<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e scena<span class=\"_ _0\"></span>rio in rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to macro<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic fac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d with a 20<span class=\"_ _0\"></span>% weigh<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g;<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Ca<span class=\"_ _0\"></span>sh flows b<span class=\"_ _0\"></span>eyon<span class=\"_ _0\"></span>d the five<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are assume<span class=\"_ _0\"></span>d to grow at 1.0<span class=\"_ _0\"></span>% (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: 2<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>%)<span class=\"_ _0\"></span>; and<span class=\"_ _351\"> </span></span></span> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">No<span class=\"_ _0\"></span>minal p<span class=\"_ _0\"></span>ost-ta<span class=\"_ _0\"></span>x dis<span class=\"_ _0\"></span>count rat<span class=\"_ _0\"></span>e 10<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>% (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: 8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>%).<span class=\"_ _351\"> </span></span></span>The <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>consi<span class=\"_ _0\"></span>der <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ny <span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>bly <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>chang<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>key <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span>clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d risk<span class=\"_ _0\"></span>s above) woul<span class=\"_ _0\"></span>d cause th<span class=\"_ _0\"></span>e F<span class=\"_ _0\"></span>VLCO<span class=\"_ _0\"></span>D of the busi<span class=\"_ _0\"></span>ness to fal<span class=\"_ _0\"></span>l bel<span class=\"_ _0\"></span>ow its c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>yin<span class=\"_ _0\"></span>g value of goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span><div class=\"t m0 h2a ffc5 fs11 fc1 sc0 ls46 ws70\" style=\"left:260.3331px; bottom:777.3114px;\">9\u2002<span class=\"_ _c\"> </span>Intangible\u2002assets\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffc9 fsc fc2 sc0 ls6f ws9c\" style=\"bottom:745.8114px;\">Rolls-R<span class=\"_ _3\"></span>oy<span class=\"_ _f\"></span>ce Deutschland Ltd <span class=\"_ _3\"></span>&amp; Co K<span class=\"_ _f\"></span>G<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:730.8114px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Re<span class=\"_ _0\"></span>covera<span class=\"_ _0\"></span>ble amo<span class=\"_ _0\"></span>unt repres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s the val<span class=\"_ _0\"></span>ue in use of the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s in their cur<span class=\"_ _0\"></span>rent cond<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on;<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:708.3114px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span></div><div class=\"t m6cc h1a ffc8 fse fc2 sc0 ls65 ws92\" style=\"left:13.294952px; bottom:708.3114px;\">T<span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>(e<span class=\"_ _0\"></span>.g<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>lume <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>urs <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alle<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>assum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _2\"></span>recove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _351\"> </span> </div><div class=\"t m6cd h1a ffc8 fse fc2 sc0 ls73 wsa1\" style=\"left:13.294952px; bottom:693.3114px;\">aeros<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y, <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on) <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>now<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>ture <span class=\"_ _2\"></span>prog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>mar<span class=\"_ _0\"></span>ket <span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>are <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls80 wsae\" style=\"left:13.294952px; bottom:678.31134px;\">long-term <span class=\"_ _3\"></span>economic f<span class=\"_ _3\"></span>orecasts;<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:655.81134px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Se<span class=\"_ _0\"></span>vere but pl<span class=\"_ _0\"></span>ausib<span class=\"_ _0\"></span>le down<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e scena<span class=\"_ _0\"></span>rio in rela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to macro<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic fac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d with a 25% wei<span class=\"_ _0\"></span>ghti<span class=\"_ _0\"></span>ng;<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:633.31134px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Ca<span class=\"_ _0\"></span>sh flows b<span class=\"_ _0\"></span>eyon<span class=\"_ _0\"></span>d the five<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar forec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are assume<span class=\"_ _0\"></span>d to grow at 2.0<span class=\"_ _0\"></span>% (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1: 2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0%)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:610.81134px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">No<span class=\"_ _0\"></span>minal pre<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x disco<span class=\"_ _0\"></span>unt rate 13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>% (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: 11.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>%)<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls5c ws8a\"> </span></span></div><div class=\"t m6cb h1a ffc8 fse fc2 sc0 ls7b wsaa\" style=\"bottom:580.81134px;\">The <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>consi<span class=\"_ _0\"></span>der <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ny <span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>bly <span class=\"_ _2\"></span>po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>chang<span class=\"_ _0\"></span>es <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>key <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>(in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:565.81134px;\">clima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>-rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d risk<span class=\"_ _0\"></span>s above) woul<span class=\"_ _0\"></span>d cause th<span class=\"_ _0\"></span>e value in use of the go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l to fall bel<span class=\"_ _0\"></span>ow it<span class=\"_ _0\"></span>s car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h15 ffc9 fsc fc2 sc0 ls6f ws3\" style=\"bottom:541.81134px;\">Other CGUs<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 lsc3 wsf5\" style=\"bottom:526.81134px;\">G<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>l bal<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es ac<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span> that<span class=\"_ _0\"></span> are not co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to be ind<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span> sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t were<span class=\"_ _0\"></span> als<span class=\"_ _0\"></span>o tes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d for imp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _2\"></span>, resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> in no<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:511.81134px;\">impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent charge (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: no impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt charge) bei<span class=\"_ _0\"></span>ng reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws9a\" style=\"bottom:481.81134px;\">The ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt and the residu<span class=\"_ _0\"></span>al life of the mate<span class=\"_ _0\"></span>rial int<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ble ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s (excludin<span class=\"_ _0\"></span>g goo<span class=\"_ _0\"></span>dwil<span class=\"_ _0\"></span>l) for the Gro<span class=\"_ _0\"></span>up is as <span class=\"_ _3\"></span>fol<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span></div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 ls11e ws147\" style=\"left:491.21265px; bottom:462.11035px;\">Residual <span class=\"_ _3\"></span>life<span class=\"_ _351\"> </span> </div><div class=\"t m0 hb8 ffc6 fs15 fc2 sc0 ls3 ws3\" style=\"left:545.7507px; bottom:465.35712px;\">1<span class=\"_ _351\"> </span></div><div class=\"t m0 h13 ffc8 fsb fc2 sc0 lsd9 ws104\" style=\"left:612.8208px; bottom:462.11035px;\">Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok va<span class=\"_ _0\"></span>lue<span class=\"_ _351\"> </span></div><div class=\"t m0 haa ffc7 fs2 fc2 sc0 ls171 ws19f\" style=\"left:621.7827px; bottom:446.00183px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 haa ffc7 fs2 fc2 sc0 ls5c ws8a\" style=\"left:630.64996px; bottom:435.49884px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h6 ffc6 fs2 fc2 sc0 ls158 ws187\" style=\"left:708.4656px; bottom:446.00183px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h6 ffc6 fs2 fc2 sc0 ls161 ws190\" style=\"left:715.89343px; bottom:435.49884px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:418.52197px;\">T<span class=\"_ _f\"></span>rent pr<span class=\"_ _f\"></span>ogramme intangible assets<span class=\"_ _351\"> </span> <span class=\"_ _3\"></span></div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:185.52121px; bottom:422.518px;\">2<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls77 wsa5\" style=\"left:491.21265px; bottom:418.52197px;\">3<span class=\"_ _0\"></span>-15 year<span class=\"_ _0\"></span>s <span class=\"_ _bf\"> </span><span class=\"ffc7 ls3 ws3\">1,<span class=\"_ _0\"></span>826 <span class=\"_ _c8\"> </span></span><span class=\"ls5c ws8a\">1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _351\"> </span></span><span class=\"ls5c ws8a\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:401.542px;\">Business aviation <span class=\"_ _3\"></span>prog<span class=\"_ _3\"></span>ramme intangible <span class=\"_ _3\"></span>assets<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:247.81769px; bottom:405.53802px;\">3<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls77 wsa5\" style=\"left:487.25714px; bottom:401.542px;\">12-15 yea<span class=\"_ _0\"></span>rs <span class=\"_ _c7\"> </span><span class=\"ffc7 ls3 ws3\">250 <span class=\"_ _d2\"> </span><span class=\"ffc8\">237<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:384.562px;\">Intangible assets r<span class=\"_ _f\"></span>elated to Power <span class=\"_ _3\"></span>Systems<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:227.52316px; bottom:388.55817px;\">4<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc7 fse fc2 sc0 ls3 ws3\" style=\"left:620.6785px; bottom:384.56213px;\">46<span class=\"_ _0\"></span>6 <span class=\"_ _19\"> </span><span class=\"ffc8\">49<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span><span class=\"ffc8\"> </span></div><div class=\"t m0 h1a ffc7 fse fc2 sc0 ls3 ws3\" style=\"left:611.5017px; bottom:368.02612px;\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>542 <span class=\"_ _84\"> </span><span class=\"ffc8 ls74 wsa2\">2,<span class=\"_ _2\"></span>51<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls74 wsa2\"> </span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:347.60083px;\">1  </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:344.60382px;\">Residual <span class=\"_ _3\"></span>life r<span class=\"_ _3\"></span>eflects the <span class=\"_ _3\"></span>remaining <span class=\"_ _f\"></span>amortisation period of <span class=\"_ _3\"></span>those assets <span class=\"_ _3\"></span>where <span class=\"_ _f\"></span>amortisation has commenced. <span class=\"_ _f\"></span>As per page <span class=\"_ _3\"></span>120, the <span class=\"_ _3\"></span>amortisation period <span class=\"_ _f\"></span>of 15 years <span class=\"_ _f\"></span>will commence on <span class=\"_ _f\"></span>those<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws4\" style=\"left:9.041397px; bottom:334.10083px;\">assets which ar<span class=\"_ _3\"></span>e not being am<span class=\"_ _3\"></span>ortised as the units <span class=\"_ _3\"></span>are deliver<span class=\"_ _f\"></span>ed<span class=\"_ _351\"> </span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:326.60083px;\">2<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:323.60382px;\">Included within the <span class=\"_ _3\"></span>T<span class=\"_ _3\"></span>rent pr<span class=\"_ _f\"></span>o<span class=\"_ _0\"></span>grammes <span class=\"_ _3\"></span>are the <span class=\"_ _3\"></span>Tr<span class=\"_ _f\"></span>ent 1000, T<span class=\"_ _3\"></span>rent 7000 <span class=\"_ _3\"></span>and T<span class=\"_ _3\"></span>rent XWB<span class=\"_ _351\"> </span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:316.10083px;\">3<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:313.10382px;\">Included within business <span class=\"_ _3\"></span>aviation ar<span class=\"_ _3\"></span>e the Pearl <span class=\"_ _3\"></span>700 and Pearl <span class=\"_ _3\"></span>15<span class=\"_ _351\"> </span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:305.60083px;\">4<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:302.60382px;\">Includes \u00a3114m (2021: <span class=\"_ _3\"></span>\u00a3108m) in r<span class=\"_ _3\"></span>espect of a br<span class=\"_ _3\"></span>and intangible asset which <span class=\"_ _3\"></span>is not amortised. <span class=\"_ _3\"></span>Remaining assets ar<span class=\"_ _3\"></span>e amortised over <span class=\"_ _3\"></span>a range of <span class=\"_ _3\"></span>three to <span class=\"_ _3\"></span>20 years<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 lsc1 ws195\" style=\"bottom:272.60382px;\">T<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> CG<span class=\"_ _2\"></span>U<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>fi<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _3\"></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:257.60382px;\">car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt of goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll or inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s with in<span class=\"_ _0\"></span>defi<span class=\"_ _0\"></span>nite us<span class=\"_ _0\"></span>eful li<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m5 h1a ffc8 fse fc2 sc0 lsab wsd8\" style=\"bottom:227.60382px;\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"_ _2\"></span>inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _2\"></span>(incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s) <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _2\"></span>rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>acco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h <span class=\"_ _2\"></span>IA<span class=\"_ _0\"></span>S <span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>. <span class=\"_ _35\"></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m38a h1a ffc8 fse fc2 sc0 ls6e ws9b\" style=\"bottom:212.60382px;\">Assessments <span class=\"_ _0\"></span>have considered <span class=\"_ _0\"></span>potential <span class=\"_ _0\"></span>triggers <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>impairment such <span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>external <span class=\"_ _0\"></span>fac<span class=\"_ _0\"></span>tors, <span class=\"_ _0\"></span>including climate change, <span class=\"_ _0\"></span>significant changes<span class=\"_ _351\"> </span> </div><div class=\"t m16c h1a ffc8 fse fc2 sc0 ls74 wsa2\" style=\"bottom:197.60382px;\">wit<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>adv<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ef<span class=\"_ _2\"></span>fe<span class=\"_ _0\"></span>ct <span class=\"_ _2\"></span>on <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>gramm<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>by <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ysin<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>orec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>repa<span class=\"_ _0\"></span>red <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>y <span class=\"_ _2\"></span>any<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:182.60382px;\">dete<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m6ce h1a ffc8 fse fc2 sc0 ls65 ws92\" style=\"bottom:152.60379px;\">Whe<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>gge<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nt <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>an <span class=\"_ _2\"></span>impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>est <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>here <span class=\"_ _2\"></span>an <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>requ<span class=\"_ _0\"></span>ired <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>tes<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>s <span class=\"_ _33\"></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:137.60379px;\">pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d on the foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g basis<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:115.10379px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _34\"> </span><span class=\"ffc8 ls5c ws8a\">Th<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing values have <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed by <span class=\"_ _f\"></span>refe<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>in use. <span class=\"_ _3\"></span>Th<span class=\"_ _0\"></span>ese have <span class=\"_ _f\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span>usin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _3\"></span>flow<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span>from the <span class=\"_ _3\"></span>mos<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>rec<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </span></span></div><div class=\"t m67e h1a ffc8 fse fc2 sc0 ls8c wsb9\" style=\"left:13.294952px; bottom:100.10379px;\">f<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>c<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _b\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>x<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _b\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:85.10379px;\">over the li<span class=\"_ _0\"></span>ves of the respe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve progr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>s; and<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls3 ws3\" style=\"left:9.041397px; bottom:62.60379px;\"> <span class=\"_ _37\"></span><span class=\"ffc6\">\u2014<span class=\"_ _351\"> </span></span></div><div class=\"t m6cf h1a ffc8 fse fc2 sc0 ls5e ws8b\" style=\"left:13.294952px; bottom:62.60379px;\">T<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>k<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>c<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>fl<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>j<span class=\"_ _2\"></span>e<span class=\"_ _b\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>f<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span></div><div class=\"t m6d0 h1a ffc8 fse fc2 sc0 ls6d wscb\" style=\"left:13.294952px; bottom:47.60379px;\">share <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rici<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>st <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>limat<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ks <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ered <span class=\"_ _2\"></span>when <span class=\"_ _2\"></span>mak<span class=\"_ _0\"></span>ing <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:32.60379px;\">wit<span class=\"_ _0\"></span>h the assu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s above.<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:2.6037903px;\">The<span class=\"_ _0\"></span>re have been no (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>: none) indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y mater<span class=\"_ _0\"></span>ial imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent charg<span class=\"_ _0\"></span>es or revers<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d durin<span class=\"_ _0\"></span>g the year.<span class=\"_ _351\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-794": {
   "value": "10\u2002 Property,\u2002plant\u2002and\u2002equipment Land\u2002and\u2002buildings \u00a3m Plant\u2002and\u2002equipment \u00a3m Aircraft\u2002and\u2002engines \u00a3m In\u2002course\u2002of\u2002construction \u00a3m Total \u00a3m Cost: At 1 January 2021 1,994  5,442  1,025  451  8,912  Additions 19  120  6  154  299  Transferred to assets held for sale  1 (200) (305) (22) (8) (535) Disposals/write-offs (59) (264) (11) (23) (357) Reclassifications  2 144  75  53  (271) 1  Exchange differences (33) (82) (5) (3) (123) At 31 December 2021 1,865  4,986  1,046  300  8,197  Additions 34  127  26  162  349  Disposals/write-offs (38) (142) (81) (1) (262) Reclassifications  2 3  82  (3) (82) \u2013  Exchange differences 72  172  11  21  276  At\u200231\u2002December\u20022022 1,936  5,225  999  400  8,560  Accumulated\u2002depreciation\u2002and\u2002impairment: At 1 January 2021 679  3,336  374  8  4,397  Charge for the year  3 70  312  57  \u2013  439  Impairment 1  18  \u2013  \u2013  19  Transferred to assets held for sale  1 (74) (127) (5) \u2013  ( 206) Disposals/write-offs (48) (254) (1) \u2013  (303) Reclassifications  2 (7) 11  (10) \u2013  (6) Exchange differences (7) (52) (1) \u2013  (60) At 31 December 2021 614  3,244  414  8  4,280  Charge for the year  3 79  296  55  \u2013  430  Impairment  4 5  (5) \u2013  \u2013  \u2013  Disposals/write-offs (24) (142) (57) \u2013  (223) Reclassifications  2 (2) 5  (3) \u2013  \u2013  Exchange differences 23  109  4  1  137  At\u200231\u2002December\u20022022 695  3,507  413  9  4,624  Net\u2002book\u2002value\u2002at: At\u200231\u2002December\u20022022 1,241  1,718  586  391  3,936  At 31 December 2021 1,251  1,742  632  292  3,917  1  ITP Aero and certain property, plant and equipment related to the Group\u2019s site rationalisation activities were classified as a disposal group or assets held for sale during the year to 31 December 2021 2  Includes reclassifications of assets under construction to the relevant classification in property, plant and equipment, right-of-use assets or intangible assets when available for use 3  Depreciation is charged to cost of sales and commercial and administrative costs or included in the cost of inventory as appropriate 4  The carrying values of property, plant and equipment have been assessed during the year in line with IAS 36. Material items of plant and equipment and aircraft and engines are assessed  for impairment together with other assets used in individual programmes \u2013 see assumptions in note 9. Land and buildings are generally used across multiple programmes and are  considered based on future expectations of the use of the site, which includes any implications from climate-related risks as explained in note 9. As a result of this assessment, there are  no individually material impairment charges or reversals in the year. The reversal in the year relates to an element of the non-underlying impairments recorded in 2020 in Civil Aerospace  for site rationalisation where there has been a subsequent change in strategy to continue production on those sites Property, plant and equipment includes: 2022 \u00a3m 2021 \u00a3m Assets held for use in leases where the Group is the lessor: Cost 779  808  Depreciation (343) (311) Net book value 436  497  Capital expenditure commitments 221  121  Cost of fully depreciated assets 2,184  2,001  The Group\u2019s share of equity accounted entities\u2019 capital commitments is \u00a334m (2021: \u00a322m).  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-795": {
   "value": "11\u2002 Right-of-use\u2002assets Land\u2002and\u2002buildings \u00a3m Plant\u2002and\u2002equipment \u00a3m Aircraft\u2002and\u2002engines \u00a3m Total \u00a3m Cost: At 1 January 2021 447  150  1,833  2,430  Additions/modification of leases 37  15  30  82  Transferred to assets held for sale  1 (16) (2) \u2013  (18) Disposals (8) (16) (66) (90) Reclassifications to PPE \u2013  \u2013  (8) (8) Exchange differences (4) (4) (4) (12) At 31 December 2021 456  143  1,785  2,384  Additions/modification of leases 52  34  59  145  Disposals (30) (19) (22) (71) Exchange differences 28  4  5  37  At\u200231\u2002December\u20022022 506  162  1,827  2,495  Accumulated\u2002depreciation\u2002and\u2002impairment: At 1 January 2021 159  60  806  1,025  Charge for the year 43  30  199  272  Impairment  2 (2) (6) (7) (15) Transferred to assets held for sale  1 (4) ( 1) \u2013  (5) Disposals (8) (16) (66) (90) Reclassifications to PPE \u2013  \u2013  (1) (1) Exchange differences (2) (1) (2) (5) At 31 December 2021 186  66  929  1,181  Charge for the year 43  37  190  270  Impairment  2 (2) (1) 20  17  Disposals (13) (19) (22) (54) Exchange differences 16  1  3  20  At\u200231\u2002December\u20022022 230  84  1,120  1,434 Net\u2002book\u2002value\u2002at: At\u200231\u2002December\u20022022 276  78  707  1,061  At 31 December 2021 270  77  856  1,203  Right-of-use assets held for use in operating leases where the Group is the lessor Cost 6  \u2013  1,827  1,833  Depreciation (3) \u2013  (1,120) (1,123) Net book value at 31 December 2022 3  \u2013  707  710  Cost 2  1  1,785  1,788  Depreciation (1) (1) (929) (931) Net book value at 31 December 2021 1  \u2013  856  857  1  ITP Aero was classified as a disposal group held for sale at 30 June 2021 2  The carrying values of right-of-use assets have been assessed during the year in line with IAS 36. Material items of plant and equipment and aircraft and engines are assessed for  impairment together with other assets used in individual programmes \u2013 see assumptions in note 9. Land and buildings are generally used across multiple programmes and are considered  based on future expectations of the use of the site (which includes any implications from climate-related risks as explained in note 9). During the year, a reversal was recognised relating  to an element of the non-underlying impairments recorded in 2020 in Civil Aerospace for site rationalisation where there has been a subsequent change in strategy to continue  production on those sites. In addition, a charge of \u00a320m was recognised due to the current sanctions applicable over assets in Russia. At the balance sheet date the Group could not  access the assets that were on lease and it is not known when this situation would be resolved to enable the Group to generate a recoverable amount ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-796": {
   "value": "12\u2002<span class=\"_ _c\"> </span>Inv<span class=\"_ _3\"></span>estments<span class=\"_ _351\"> </span>Composition of the Gr<span class=\"_ _3\"></span>oup<span class=\"_ _351\"> </span>The ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>ing to the Grou<span class=\"_ _0\"></span>p\u2019s financi<span class=\"_ _0\"></span>al result<span class=\"_ _0\"></span>s are listed on pag<span class=\"_ _0\"></span>es 17<span class=\"_ _0\"></span>9 to 18<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> W<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>G<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _b\"></span>0<span class=\"_ _2\"></span>%<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>g<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _b\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _b\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _f\"></span>w<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _f\"></span>s<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>d<span class=\"_ _b\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _b\"></span>(<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>)<span class=\"_ _b\"></span> that <span class=\"_ _0\"></span>give <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion <span class=\"_ _0\"></span>or p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to a<span class=\"_ _0\"></span>cquire <span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e thi<span class=\"_ _0\"></span>rd pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies\u2019 <span class=\"_ _0\"></span>share<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese <span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s have <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed <span class=\"_ _0\"></span>and<span class=\"_ _0\"></span> are not consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d to have a <span class=\"_ _3\"></span>sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ant val<span class=\"_ _0\"></span>ue, ind<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>dual<span class=\"_ _0\"></span>ly or in aggre<span class=\"_ _0\"></span>gate<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span>The Gro<span class=\"_ _0\"></span>up does not have any materi<span class=\"_ _0\"></span>al non<span class=\"_ _0\"></span>-wh<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>y owne<span class=\"_ _0\"></span>d subsidi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> Equity accoun<span class=\"_ _3\"></span>ted and other in<span class=\"_ _f\"></span>ves<span class=\"_ _3\"></span>tments<span class=\"_ _351\"> </span> Equity\u2002accounted<span class=\"_ _19b\"> </span><span class=\"lsd9 ws104\">Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r\u2002</span>1<span class=\"_ _351\"> </span>Joint\u2002ventures<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Associate<span class=\"_ _0\"></span>s<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _bb\"> </span>\u00a3m<span class=\"_ _351\"> </span>At\u20021\u2002January\u20022021<span class=\"_ _ce\"> </span><span class=\"ffc8 ls3 ws3\">39<span class=\"_ _0\"></span>3 <span class=\"_ _ed\"> </span>1 <span class=\"_ _73\"> </span>394 <span class=\"_ _57\"> </span>19<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls3 ws3\"> </span>Additions <span class=\"_ _298\"> </span><span class=\"ls3 ws3\">2 <span class=\"_ _ed\"> </span>1 <span class=\"_ _e7\"> </span>3 <span class=\"_ _de\"> </span>27<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Disposals <span class=\"_ _29e\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _c4\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _351\"> </span></span></span>Impairment <span class=\"_ _29f\"> </span><span class=\"ffc6 ls3 ws3\">(2)<span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _bb\"> </span></span>(2)<span class=\"_ _1b5\"> </span><span class=\"ls65 ws92\">(<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span>Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>tained pr<span class=\"_ _f\"></span>ofit/(loss)<span class=\"_ _351\"> </span> 2<span class=\"_ _351\"> </span>19 <span class=\"_ _e7\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _58\"> </span></span>1<span class=\"_ _0\"></span>8 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span> Reclassification of <span class=\"_ _3\"></span>deferr<span class=\"_ _3\"></span>ed pr<span class=\"_ _3\"></span>ofit to defer<span class=\"_ _3\"></span>red <span class=\"_ _3\"></span>income<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span>(24)<span class=\"_ _19\"> </span><span class=\"ffc8 ls3 ws3\">\u2013 <span class=\"_ _15a\"> </span></span>(24)<span class=\"_ _19\"> </span><span class=\"ffc8 ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls3 ws3\"> </span>T<span class=\"_ _f\"></span>ransferr<span class=\"_ _3\"></span>ed to assets held <span class=\"_ _3\"></span>for sale<span class=\"_ _351\"> </span> 4<span class=\"_ _351\"> </span>(3<span class=\"_ _0\"></span>5)<span class=\"_ _19\"> </span><span class=\"ffc8 ls3 ws3\">\u2013 <span class=\"_ _85\"> </span></span>(35)<span class=\"_ _19\"> </span><span class=\"ffc8 ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span><span class=\"ffc8 ls3 ws3\"> </span>Repayment <span class=\"_ _3\"></span>of loans<span class=\"_ _251\"> </span><span class=\"ffc6 ls6b ws98\">(3)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _bb\"> </span><span class=\"ffc6 ls6b ws98\">(3)<span class=\"_ _d2\"> </span></span>\u2013<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Revaluation of <span class=\"_ _3\"></span>other inv<span class=\"_ _3\"></span>estments accounted for <span class=\"_ _3\"></span>at FVOCI<span class=\"_ _66\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _bb\"> </span><span class=\"ffc6\">(2<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _2a0\"> </span><span class=\"ls3 ws3\">8 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _65\"> </span>8 <span class=\"_ _bb\"> </span><span class=\"ffc6\">(2)<span class=\"_ _351\"> </span></span></span>Shar<span class=\"_ _3\"></span>e of OCI<span class=\"_ _351\"> </span> 5<span class=\"_ _351\"> </span>45 <span class=\"_ _19\"> </span>\u2013 <span class=\"_ _84\"> </span>4<span class=\"_ _0\"></span>5 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span> At\u20021\u2002January\u20022022<span class=\"_ _2a1\"> </span><span class=\"ffc7 ls80 wsae\">403 <span class=\"_ _ed\"> </span><span class=\"ls3 ws3\">1 <span class=\"_ _83\"> </span>404 <span class=\"_ _84\"> </span>3<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls80 wsae\"><span class=\"ls3 ws3\"> </span></span>Additions<span class=\"_ _351\"> </span> 6<span class=\"_ _351\"> </span>29 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _28f\"> </span>2<span class=\"_ _0\"></span>9 <span class=\"_ _d2\"> </span>7<span class=\"_ _351\"> </span> Disposals <span class=\"_ _192\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _c4\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _dc\"> </span>(1)<span class=\"_ _bb\"> </span><span class=\"ls77 wsa5\">(2)<span class=\"_ _351\"> </span></span></span></span>Impairment<span class=\"_ _351\"> </span> 7<span class=\"_ _351\"> </span>(<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _19\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _15a\"> </span></span>(<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _c4\"> </span><span class=\"ls63 ws90\">(1)<span class=\"_ _351\"> </span></span>Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>tained loss<span class=\"_ _351\"> </span> 2<span class=\"_ _351\"> </span>(2<span class=\"_ _0\"></span>5)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _15a\"> </span></span>(2<span class=\"_ _0\"></span>5)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Reclassification of <span class=\"_ _3\"></span>deferr<span class=\"_ _3\"></span>ed pr<span class=\"_ _3\"></span>ofit to defer<span class=\"_ _3\"></span>red <span class=\"_ _3\"></span>income<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span>(4)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _1b5\"> </span></span>(4)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>Repayment <span class=\"_ _3\"></span>of loans<span class=\"_ _251\"> </span><span class=\"ffc7 lsb5 ws9a\">(5)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _1b5\"> </span></span>(5)<span class=\"_ _d2\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 lsb5 ws9a\"><span class=\"ls3 ws3\"> </span></span>Revaluation of <span class=\"_ _3\"></span>other inv<span class=\"_ _3\"></span>estments accounted for <span class=\"_ _3\"></span>at FVOCI<span class=\"_ _2a2\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _1b5\"> </span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></span>Exchange diff<span class=\"_ _3\"></span>erences<span class=\"_ _2a3\"> </span><span class=\"ffc7 ls3 ws3\">96 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _2b\"> </span>9<span class=\"_ _0\"></span>6 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>Shar<span class=\"_ _3\"></span>e of OCI<span class=\"_ _2a4\"> </span><span class=\"ffc7 ls3 ws3\">2 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _d2\"> </span>2 <span class=\"_ _d2\"> </span>\u2013<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>At\u200231\u2002December\u20022022<span class=\"_ _2a5\"> </span><span class=\"ffc7 ls3 ws3\">422 <span class=\"_ _d2\"> </span>\u2013 <span class=\"_ _6f\"> </span>422 <span class=\"_ _84\"> </span>3<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span><span class=\"ffc7 ls3 ws3\"> </span>1<span class=\"_ _351\"> </span> Other investments in<span class=\"_ _3\"></span>cludes unlisted investments <span class=\"_ _3\"></span>of \u00a326m (2021: \u00a329m) <span class=\"_ _3\"></span>and listed investments <span class=\"_ _3\"></span>of \u00a310m (2021: \u00a37<span class=\"_ _3\"></span>m)<span class=\"_ _351\"> </span>2<span class=\"_ _351\"> </span> See table below<span class=\"_ _351\"> </span> 3<span class=\"_ _351\"> </span> The Group\u2019s share of <span class=\"_ _0\"></span>unrealised profit on sales <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>joint <span class=\"_ _0\"></span>ventures is <span class=\"_ _0\"></span>eliminated against <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>carrying <span class=\"_ _0\"></span>value <span class=\"_ _0\"></span>of the <span class=\"_ _0\"></span>investment <span class=\"_ _0\"></span>in the <span class=\"_ _0\"></span>entit<span class=\"_ _0\"></span>y<span class=\"_ _f\"></span>. <span class=\"_ _0\"></span>Any <span class=\"_ _0\"></span>excess amount, <span class=\"_ _0\"></span>once <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>carrying <span class=\"_ _0\"></span>value is<span class=\"_ _0\"></span> reduced <span class=\"_ _3\"></span>to nil, is r<span class=\"_ _f\"></span>ecorded as deferr<span class=\"_ _f\"></span>ed income<span class=\"_ _351\"> </span>4<span class=\"_ _351\"> </span> The Group<span class=\"_ _3\"></span>\u2019s investment in Airtanker Holding<span class=\"_ _3\"></span>s Limited was classified as a non-current asset held for sale at 13 September 2021. F<span class=\"_ _3\"></span>urther detail can be found in note 27<span class=\"_ _351\"> </span>5<span class=\"_ _351\"> </span> Up to 13 September 2021, when Airtanker Holdings Limited was tr<span class=\"_ _3\"></span>ansferred to held for sa<span class=\"_ _3\"></span>le, the Group r<span class=\"_ _3\"></span>ecognised share of OCI r<span class=\"_ _3\"></span>elating to cash flow hedges of \u00a343m<span class=\"_ _351\"> </span> 6<span class=\"_ _351\"> </span> During the <span class=\"_ _f\"></span>year<span class=\"_ _f\"></span>, additions to <span class=\"_ _f\"></span>investments of <span class=\"_ _3\"></span>\u00a329m include <span class=\"_ _3\"></span>the following <span class=\"_ _f\"></span>significant transactions: <span class=\"_ _3\"></span>On 20 <span class=\"_ _f\"></span>June 2022, the <span class=\"_ _f\"></span>Group acquir<span class=\"_ _f\"></span>ed a 54% <span class=\"_ _3\"></span>investment <span class=\"_ _3\"></span>in Hoeller <span class=\"_ _3\"></span>Electrolyzer<span class=\"_ _32\"></span>. Although<span class=\"_ _351\"> </span> the Group has acquired a 54% stake, the <span class=\"_ _0\"></span>Group has considered whether the majority <span class=\"_ _0\"></span>stake constitutes a <span class=\"_ _0\"></span>subsidiary as per <span class=\"_ _0\"></span>the basis of <span class=\"_ _0\"></span>consolidation on page <span class=\"_ _0\"></span>113 and <span class=\"_ _0\"></span>114. Based on <span class=\"_ _0\"></span>key <span class=\"_ _3d\"></span><span class=\"ls3\"> </span>decisions <span class=\"_ _0\"></span>requiring <span class=\"_ _0\"></span>consent <span class=\"_ _2\"></span>from both <span class=\"_ _2\"></span>shareholders, the <span class=\"_ _2\"></span>Group <span class=\"_ _0\"></span>has <span class=\"_ _0\"></span>concluded <span class=\"_ _2\"></span>that <span class=\"_ _0\"></span>Hoeller <span class=\"_ _2\"></span>Electrolyser <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span>jointly <span class=\"_ _2\"></span>controlled <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>is <span class=\"_ _2\"></span>equity <span class=\"_ _2\"></span>accounted <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>the <span class=\"_ _0\"></span>Consolidated <span class=\"_ _2\"></span>Financial <span class=\"_ _e\"></span><span class=\"ls3\"> </span>Statements. On 1 September 2022, the Group and Air Chin<span class=\"_ _3\"></span>a established a joint venture called Beijing Aer<span class=\"_ _3\"></span>o Engine Services Company Limited<span class=\"_ _351\"> </span>7 During <span class=\"_ _0\"></span>the <span class=\"_ _2\"></span>year<span class=\"_ _f\"></span>, <span class=\"_ _0\"></span>one <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>the <span class=\"_ _2\"></span>Group\u2019<span class=\"_ _3\"></span>s <span class=\"_ _0\"></span>investments <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>its <span class=\"_ _2\"></span>Civil <span class=\"_ _0\"></span>Aerospace <span class=\"_ _0\"></span>joint <span class=\"_ _0\"></span>venture <span class=\"_ _0\"></span>repair <span class=\"_ _0\"></span>and <span class=\"_ _2\"></span>overhaul <span class=\"_ _0\"></span>facilities <span class=\"_ _0\"></span>has <span class=\"_ _2\"></span>been <span class=\"_ _0\"></span>impaired <span class=\"_ _0\"></span>by <span class=\"_ _2\"></span>\u00a374m. <span class=\"_ _0\"></span>This <span class=\"_ _0\"></span>reflects <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>Directors\u2019 <span class=\"_ _0\"></span>updated <span class=\"_ _e\"></span><span class=\"ls3\"> </span>judgement of the r<span class=\"_ _3\"></span>ecoverable amount fr<span class=\"_ _f\"></span>om that investment when measur<span class=\"_ _3\"></span>ed on a value in use basi<span class=\"_ _3\"></span>s by discounting expected futur<span class=\"_ _3\"></span>e dividends at 12.4% cost of equity<span class=\"_ _f\"></span>. The charge in the<span class=\"_ _351\"> </span> year r<span class=\"_ _3\"></span>eflects a higher di<span class=\"_ _3\"></span>scount rate and <span class=\"_ _3\"></span>revised ass<span class=\"_ _3\"></span>umptions taking into account th<span class=\"_ _3\"></span>e impact of inflation and <span class=\"_ _3\"></span>interest <span class=\"_ _3\"></span>rates on that <span class=\"_ _3\"></span>business, reflecting <span class=\"_ _3\"></span>current m<span class=\"_ _3\"></span>arket conditions<span class=\"_ _351\"> </span>Rec<span class=\"_ _0\"></span>oncil<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of share of retain<span class=\"_ _0\"></span>ed (lo<span class=\"_ _0\"></span>ss)/profit to the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment an<span class=\"_ _0\"></span>d cash flow st<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>:<span class=\"_ _351\"> </span>2022<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>2021<span class=\"_ _351\"> </span>\u00a3m<span class=\"_ _351\"> </span>Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>esults of joint ventur<span class=\"_ _f\"></span>es and associates<span class=\"_ _ce\"> </span><span class=\"ffc7 ls3 ws3\">9 <span class=\"_ _75\"> </span><span class=\"ffc8\">2<span class=\"_ _0\"></span>2<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span>Adjustments for <span class=\"_ _3\"></span>intercompan<span class=\"_ _3\"></span>y trading<span class=\"_ _351\"> </span> 1<span class=\"_ _351\"> </span>39 <span class=\"_ _c8\"> </span><span class=\"ffc8\">2<span class=\"_ _0\"></span>3<span class=\"_ _351\"> </span></span><span class=\"ffc8\"> </span>Shar<span class=\"_ _3\"></span>e of results of joint ventur<span class=\"_ _f\"></span>es and associates to the Group<span class=\"_ _21e\"> </span><span class=\"ffc7 ls3\">48 <span class=\"_ _28f\"> </span><span class=\"ffc8\">4<span class=\"_ _0\"></span>5<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3\"><span class=\"ffc8\"> </span></span>Dividends paid by joint ventur<span class=\"_ _3\"></span>es and associates to the Gr<span class=\"_ _3\"></span>oup (cash flow statement)<span class=\"_ _2a6\"> </span><span class=\"ffc7 ls6d wscb\">(<span class=\"_ _0\"></span>73)<span class=\"_ _7b\"> </span></span><span class=\"ffc6 ls3\">(27<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span>Shar<span class=\"_ _3\"></span>e of r<span class=\"_ _f\"></span>e<span class=\"_ _0\"></span>tained (loss)/pr<span class=\"_ _f\"></span>ofit attributable to continuing <span class=\"_ _3\"></span>operations (abov<span class=\"_ _3\"></span>e)<span class=\"_ _109\"> </span><span class=\"ffc7 lsb5 ws9a\">(2<span class=\"_ _0\"></span>5)<span class=\"_ _58\"> </span></span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>8<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span>1<span class=\"_ _351\"> </span> During the <span class=\"_ _0\"></span>year<span class=\"_ _f\"></span>, <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>Group sold <span class=\"_ _0\"></span>spare engines <span class=\"_ _0\"></span>to Rolls-Royce &amp; <span class=\"_ _0\"></span>Partners <span class=\"_ _0\"></span>Finance, a <span class=\"_ _0\"></span>joint <span class=\"_ _0\"></span>venture and <span class=\"_ _0\"></span>subsidiary of <span class=\"_ _0\"></span>Alpha <span class=\"_ _0\"></span>Partners Leasing <span class=\"_ _0\"></span>Limited. <span class=\"_ _0\"></span>The <span class=\"_ _0\"></span>Group<span class=\"_ _3\"></span>\u2019s share of <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>profit on<span class=\"_ _351\"> </span> these <span class=\"_ _3\"></span>sales <span class=\"_ _3\"></span>is def<span class=\"_ _3\"></span>erred <span class=\"_ _f\"></span>and r<span class=\"_ _3\"></span>eleased to <span class=\"_ _f\"></span>match the <span class=\"_ _f\"></span>depreciation <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>the engin<span class=\"_ _3\"></span>es in <span class=\"_ _f\"></span>the joint <span class=\"_ _f\"></span>venture\u2019s <span class=\"_ _f\"></span>financial statements. <span class=\"_ _f\"></span>In 2022 <span class=\"_ _f\"></span>and 2021, <span class=\"_ _f\"></span>profit <span class=\"_ _3\"></span>deferred <span class=\"_ _f\"></span>on the <span class=\"_ _f\"></span>sale of <span class=\"_ _f\"></span>engines was <span class=\"_ _f\"></span>lower<span class=\"_ _351\"> </span> than the r<span class=\"_ _f\"></span>elease of that deferr<span class=\"_ _3\"></span>ed in prior year<span class=\"_ _3\"></span>s<span class=\"_ _351\"> </span><div class=\"t m0 h2a ffc5 fs11 fc1 sc0 ls46 ws70\" style=\"left:274.4055px; bottom:979.25476px;\">12\u2002<span class=\"_ _c\"> </span>Investments\u2002\u2013\u2002continued<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws9a\" style=\"bottom:949.25476px;\">The fol<span class=\"_ _0\"></span>lowi<span class=\"_ _0\"></span>ng joint vent<span class=\"_ _0\"></span>ures are consid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d to <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>lly mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l to <span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e Group:<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsd9 ws104\" style=\"left:319.4298px; bottom:919.0537px;\">Pri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pal\u2002l<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _26\"> </span><span class=\"lsde ws108\">Activity<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls3 ws3\" style=\"left:682.3251px; bottom:929.55444px;\">Ownershi<span class=\"_ _0\"></span>p\u2002</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsde ws108\" style=\"left:697.34625px; bottom:919.0537px;\">interest<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:902.07385px;\">Alpha P<span class=\"_ _3\"></span>artners Leasing <span class=\"_ _3\"></span>Limited (APL)<span class=\"_ _159\"> </span><span class=\"ffc6\">UK<span class=\"_ _2a7\"> </span></span>Aer<span class=\"_ _3\"></span>o engine leasing<span class=\"_ _2a8\"> </span><span class=\"lsca ws18e\">50.0%<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:885.0939px;\">Hong Kong <span class=\"_ _3\"></span>Aero <span class=\"_ _3\"></span>Engine Services Limited <span class=\"_ _3\"></span>(HAESL)<span class=\"_ _75\"> </span>Hong Kong<span class=\"_ _c3\"> </span>Aero engin<span class=\"_ _3\"></span>e r<span class=\"_ _3\"></span>epair and overhaul<span class=\"_ _158\"> </span><span class=\"lsca ws18e\">50.0%<span class=\"_ _351\"> </span></span><span class=\"lsca ws18e\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:868.55786px;\">Singapor<span class=\"_ _3\"></span>e Aer<span class=\"_ _3\"></span>o Engine Services <span class=\"_ _3\"></span>Pte Limited (SAESL)<span class=\"_ _61\"> </span>Singapore<span class=\"_ _c7\"> </span>Aer<span class=\"_ _3\"></span>o engine r<span class=\"_ _f\"></span>epair and overhaul<span class=\"_ _158\"> </span><span class=\"lsca ws18e\">50.0%<span class=\"_ _351\"> </span></span><span class=\"lsca ws18e\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws9a\" style=\"bottom:833.13385px;\">Summa<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ed fina<span class=\"_ _0\"></span>ncial info<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the Group<span class=\"_ _0\"></span>\u2019s indivi<span class=\"_ _0\"></span>duall<span class=\"_ _0\"></span>y mater<span class=\"_ _0\"></span>ial join<span class=\"_ _0\"></span>t ventures is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls120 ws149\" style=\"left:360.8172px; bottom:813.4345px;\">APL<span class=\"_ _21b\"> </span><span class=\"ffc5 ls199 ws1cc\">HAESL<span class=\"_ _2a9\"> </span><span class=\"ls11f ws148\">SAESL<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:344.1951px; bottom:796.7328px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:352.98224px; bottom:786.232px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:418.4397px; bottom:796.7328px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:425.262px; bottom:786.232px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:488.86407px; bottom:796.7328px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:496.85925px; bottom:786.232px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:562.9818px; bottom:796.7328px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:570.6618px; bottom:786.232px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:633.4494px; bottom:796.7328px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:642.17957px; bottom:786.232px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:708.4656px; bottom:796.7328px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:714.86804px; bottom:786.232px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:769.25366px;\">Revenue<span class=\"_ _179\"> </span><span class=\"ffc7 ls77 wsa5\">31<span class=\"_ _0\"></span>0 <span class=\"_ _6f\"> </span></span><span class=\"ls3 ws3\">2<span class=\"_ _0\"></span>78 <span class=\"_ _156\"> </span><span class=\"ffc7\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>388 <span class=\"_ _124\"> </span></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>60<span class=\"_ _0\"></span>5 <span class=\"_ _81\"> </span><span class=\"ffc7 ls72 wsa0\">2<span class=\"_ _0\"></span>,012 <span class=\"_ _6c\"> </span></span>1,0<span class=\"_ _0\"></span>57<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:752.2737px;\">Pr<span class=\"_ _3\"></span>ofit/(loss) and total <span class=\"_ _3\"></span>comprehensive <span class=\"_ _3\"></span>income/(expense)<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:737.2737px;\">for the <span class=\"_ _3\"></span>year<span class=\"_ _2aa\"> </span><span class=\"ffc7 ls3 ws3\">55 <span class=\"_ _2b\"> </span><span class=\"ffc6 ls80 wsae\">(16)<span class=\"_ _de\"> </span></span>72 <span class=\"_ _be\"> </span></span><span class=\"ls74 wsa2\">51<span class=\"_ _0\"></span> <span class=\"_ _57\"> </span><span class=\"ffc7 ls77 wsa5\">31 <span class=\"_ _84\"> </span></span><span class=\"ls3 ws3\">20<span class=\"_ _351\"> </span></span></span><span class=\"ls74 wsa2\"><span class=\"ls3 ws3\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:720.29364px;\">Dividends paid <span class=\"_ _3\"></span>during the year<span class=\"_ _2ab\"> </span><span class=\"ffc7 ls77 wsa5\">(22)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _62\"> </span><span class=\"ffc7 ls63 ws90\">(66)<span class=\"_ _62\"> </span><span class=\"ffc6 ls74 wsa2\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span></span></span><span class=\"ffc7\">\u2013 <span class=\"_ _19\"> </span></span>\u2013<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:703.31366px;\">Pr<span class=\"_ _3\"></span>ofit/(loss) for the <span class=\"_ _3\"></span>year included <span class=\"_ _3\"></span>the following:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:686.3337px;\">Depr<span class=\"_ _3\"></span>eciation and amortisation<span class=\"_ _28e\"> </span><span class=\"ffc7 ls63 ws90\">(1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0)<span class=\"_ _5c\"> </span><span class=\"ffc6 ls65 ws92\">(1<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5)<span class=\"_ _84\"> </span></span><span class=\"ls6d wscb\">(13)<span class=\"_ _84\"> </span><span class=\"ffc6 ls60 ws8d\">(14)<span class=\"_ _84\"> </span></span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>1)<span class=\"_ _62\"> </span><span class=\"ffc6 ls80 wsae\">(20)<span class=\"_ _351\"> </span></span></span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:669.35364px;\">Inter<span class=\"_ _3\"></span>est income<span class=\"_ _1e7\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _ed\"> </span></span>1 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:652.37366px;\">Inter<span class=\"_ _3\"></span>est expense<span class=\"_ _2ac\"> </span><span class=\"ffc7 ls6c ws99\">(89)<span class=\"_ _62\"> </span><span class=\"ffc6 ls65 ws92\">(6<span class=\"_ _0\"></span>5)<span class=\"_ _b6\"> </span></span><span class=\"ls77 wsa5\">(2)<span class=\"_ _c4\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _be\"> </span></span><span class=\"ls6d wscb\">(<span class=\"_ _0\"></span>3)<span class=\"_ _be\"> </span><span class=\"ffc6 ls6b ws98\">(<span class=\"_ _0\"></span>3)<span class=\"_ _351\"> </span></span></span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:635.83765px;\">Income tax <span class=\"_ _3\"></span>expense<span class=\"_ _23d\"> </span><span class=\"ffc7 ls6d wscb\">(13)<span class=\"_ _85\"> </span><span class=\"ffc6 lsd4 ws1a5\">(77)<span class=\"_ _ae\"> </span></span><span class=\"ls74 wsa2\">(<span class=\"_ _0\"></span>14)<span class=\"_ _60\"> </span><span class=\"ffc6 ls80 wsae\">(1<span class=\"_ _0\"></span>0)<span class=\"_ _bb\"> </span></span><span class=\"ls77 wsa5\">(2)<span class=\"_ _d2\"> </span></span></span></span><span class=\"ls3 ws3\">\u2013<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:601.69763px;\">Curr<span class=\"_ _3\"></span>ent assets<span class=\"_ _2ad\"> </span><span class=\"ffc7 ls6e ws9b\">375 <span class=\"_ _85\"> </span></span><span class=\"ls73 wsa1\">314 <span class=\"_ _83\"> </span><span class=\"ffc7 ls3 ws3\">886 <span class=\"_ _86\"> </span><span class=\"ffc8\">5<span class=\"_ _0\"></span>33 <span class=\"_ _83\"> </span></span>8<span class=\"_ _0\"></span>65 <span class=\"_ _73\"> </span></span><span class=\"ls80 wsae\">6<span class=\"_ _0\"></span>76<span class=\"_ _351\"> </span></span></span><span class=\"ls73 wsa1\"><span class=\"ls80 wsae\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:584.71765px;\">Non-curr<span class=\"_ _3\"></span>ent assets<span class=\"_ _82\"> </span><span class=\"ffc7 lsa9 wsd6\">3,199 <span class=\"_ _6b\"> </span></span><span class=\"ls3 ws3\">2,<span class=\"_ _0\"></span>978 <span class=\"_ _84\"> </span><span class=\"ffc7\">98 <span class=\"_ _ae\"> </span></span>9<span class=\"_ _0\"></span>0 <span class=\"_ _1a\"> </span><span class=\"ffc7\">154 <span class=\"_ _84\"> </span></span><span class=\"ls74 wsa2\">151<span class=\"_ _351\"> </span></span></span><span class=\"ls3 ws3\"><span class=\"ls74 wsa2\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:567.7377px;\">Curr<span class=\"_ _3\"></span>ent liabilities<span class=\"_ _2ae\"> </span><span class=\"ffc7 ls68 ws95\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>0)<span class=\"_ _71\"> </span><span class=\"ffc6 ls3 ws3\">(287<span class=\"_ _0\"></span>)<span class=\"_ _5c\"> </span></span><span class=\"ls60 ws8d\">(<span class=\"_ _0\"></span>71<span class=\"_ _0\"></span>6)<span class=\"_ _67\"> </span><span class=\"ffc6 ls6b ws98\">(34<span class=\"_ _0\"></span>3)<span class=\"_ _67\"> </span></span><span class=\"ls63 ws90\">(68<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _67\"> </span></span><span class=\"ffc6\">(55<span class=\"_ _0\"></span>4)<span class=\"_ _351\"> </span></span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:550.7577px;\">Non-curr<span class=\"_ _3\"></span>ent liabilities<span class=\"_ _2af\"> </span><span class=\"ffc7 ls77 wsa5\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>89)<span class=\"_ _87\"> </span></span><span class=\"ls169 ws198\">(2,40<span class=\"_ _3\"></span>1)<span class=\"_ _62\"> </span><span class=\"ffc7 ls77 wsa5\">(26)<span class=\"_ _15a\"> </span><span class=\"ffc6 ls6b ws98\">(<span class=\"_ _0\"></span>73)<span class=\"_ _1a\"> </span></span><span class=\"ls63 ws90\">(60)<span class=\"_ _62\"> </span><span class=\"ffc6 ls65 ws92\">(6<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:533.77765px;\">Net assets<span class=\"_ _1d0\"> </span><span class=\"ffc7 ls7b wsaa\">705 <span class=\"_ _5c\"> </span></span><span class=\"ls3 ws3\">6<span class=\"_ _0\"></span>04 <span class=\"_ _6f\"> </span><span class=\"ffc7\">242 <span class=\"_ _64\"> </span></span><span class=\"ls6e ws9b\">207 <span class=\"_ _6f\"> </span></span><span class=\"ffc7\">2<span class=\"_ _0\"></span>72 <span class=\"_ _83\"> </span></span>2<span class=\"_ _0\"></span>08<span class=\"_ _351\"> </span></span><span class=\"ls3 ws3\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:516.79767px;\">Included in <span class=\"_ _3\"></span>the above:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:499.8177px;\">Cash and <span class=\"_ _3\"></span>cash equivalents<span class=\"_ _2b0\"> </span><span class=\"ffc7 ls3 ws3\">239 <span class=\"_ _86\"> </span><span class=\"ffc8\">2<span class=\"_ _0\"></span>39 <span class=\"_ _c4\"> </span></span>6 <span class=\"_ _84\"> </span><span class=\"ffc8\">30 <span class=\"_ _a8\"> </span></span>6<span class=\"_ _0\"></span>1 <span class=\"_ _26\"> </span><span class=\"ffc8\">1<span class=\"_ _0\"></span>05<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:482.83765px;\">Curr<span class=\"_ _3\"></span>ent financial li<span class=\"_ _3\"></span>abilities<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:154.14px; bottom:486.84265px;\">1<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc7 fse fc2 sc0 ls68 ws95\" style=\"left:348.7311px; bottom:482.84668px;\">(411<span class=\"_ _0\"></span>)<span class=\"_ _86\"> </span><span class=\"ffc6 ls3 ws3\">(21<span class=\"_ _0\"></span>7)<span class=\"_ _73\"> </span></span><span class=\"lsb5 ws9a\">(13<span class=\"_ _0\"></span>5)<span class=\"_ _d2\"> </span><span class=\"ffc8 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc7\">\u2013 <span class=\"_ _19\"> </span></span>\u2013<span class=\"_ _351\"> </span></span></span><span class=\"lsb5 ws9a\"><span class=\"ffc8 ls3 ws3\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:466.31067px;\">Non-curr<span class=\"_ _3\"></span>ent financial li<span class=\"_ _3\"></span>abilities<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:177.93661px; bottom:470.31146px;\">1<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc7 fse fc2 sc0 ls6d wscb\" style=\"left:329.6934px; bottom:466.3155px;\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>03)<span class=\"_ _cc\"> </span><span class=\"ffc8 ls62 ws8f\">(<span class=\"_ _0\"></span>2,0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8)<span class=\"_ _84\"> </span></span><span class=\"ls63 ws90\">(17<span class=\"_ _0\"></span>)<span class=\"_ _62\"> </span><span class=\"ffc6 ls80 wsae\">(6<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _1a\"> </span></span>(60)<span class=\"_ _62\"> </span><span class=\"ffc6 ls65 ws92\">(6<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:432.17548px;\">Reconciliation to <span class=\"_ _3\"></span>the carrying <span class=\"_ _3\"></span>amount r<span class=\"_ _3\"></span>ecognised in the <span class=\"_ _3\"></span>Consolidated Financial <span class=\"_ _3\"></span>Statements:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:415.19543px;\">Ownership inter<span class=\"_ _f\"></span>est<span class=\"_ _fb\"> </span><span class=\"ffc7 ls157 ws186\">50.0%<span class=\"_ _92\"> </span></span><span class=\"lsca ws18e\">50.0%<span class=\"_ _92\"> </span><span class=\"ffc7 ls157 ws186\">50.0% <span class=\"_ _cc\"> </span></span>50.0%<span class=\"_ _56\"> </span><span class=\"ffc7 ls157 ws186\">50.0%<span class=\"_ _92\"> </span></span>50.0%<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws3\" style=\"bottom:398.21545px;\">Gr<span class=\"_ _3\"></span>oup share of net assets above<span class=\"_ _e6\"> </span><span class=\"ffc7 ls3\">3<span class=\"_ _0\"></span>53 <span class=\"_ _73\"> </span><span class=\"ffc8\">302 <span class=\"_ _ae\"> </span></span>12<span class=\"_ _0\"></span>1 <span class=\"_ _26\"> </span><span class=\"ffc8\">1<span class=\"_ _0\"></span>04 <span class=\"_ _1a\"> </span></span><span class=\"ls6e ws9b\">13<span class=\"_ _0\"></span>6 <span class=\"_ _26\"> </span></span><span class=\"ffc8\">1<span class=\"_ _0\"></span>04<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws3\" style=\"bottom:381.23547px;\">Goodwill<span class=\"_ _42\"> </span><span class=\"ffc7 ls3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _84\"> </span></span>3<span class=\"_ _0\"></span>8 <span class=\"_ _28f\"> </span><span class=\"ffc8\">3<span class=\"_ _0\"></span>4 <span class=\"_ _c5\"> </span></span>11 <span class=\"_ _75\"> </span><span class=\"ffc8\">78<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:364.25546px;\">Adjustments for <span class=\"_ _3\"></span>inter<span class=\"_ _3\"></span>company trading<span class=\"_ _cb\"> </span><span class=\"ffc7 ls6d wscb\">(35<span class=\"_ _0\"></span>3)<span class=\"_ _21\"> </span><span class=\"ffc6 ls64 ws91\">(3<span class=\"_ _0\"></span>02)<span class=\"_ _1b5\"> </span></span><span class=\"ls77 wsa5\">(2<span class=\"_ _0\"></span>)<span class=\"_ _c4\"> </span><span class=\"ffc6 ls80 wsae\">(1)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013<span class=\"_ _351\"> </span></span></span></span></span><span class=\"ffc7 ls6d wscb\"><span class=\"ls77 wsa5\"><span class=\"ls3 ws3\"><span class=\"ffc8\"> </span></span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:347.71945px;\">Included in <span class=\"_ _3\"></span>the balance sheet<span class=\"_ _275\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _62\"> </span></span><span class=\"ls6c ws99\">157<span class=\"_ _0\"></span> <span class=\"_ _85\"> </span></span><span class=\"ffc8\">13<span class=\"_ _0\"></span>7 <span class=\"_ _85\"> </span></span><span class=\"ls83 wsb1\">147<span class=\"_ _0\"></span> <span class=\"_ _85\"> </span></span><span class=\"ffc8\">182<span class=\"_ _351\"> </span></span></span><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:327.29755px;\">1<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:324.30057px;\">Excluding tr<span class=\"_ _3\"></span>ade payables and oth<span class=\"_ _3\"></span>er liabilities<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws9a\" style=\"bottom:294.30057px;\">The summa<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ed ag<span class=\"_ _0\"></span>grega<span class=\"_ _0\"></span>ted resul<span class=\"_ _0\"></span>ts of the Gro<span class=\"_ _0\"></span>up\u2019s share of equit<span class=\"_ _0\"></span>y acco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d invest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls120 ws149\" style=\"left:169.89465px; bottom:274.59955px;\">Individually\u2002material\u2002joint\u2002</div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 lsd9 ws104\" style=\"left:189.5568px; bottom:264.09882px;\">vent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s\u2002(above)<span class=\"_ _dc\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er\u2002j<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t\u2002ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s\u2002</div><div class=\"t m0 hba ffc7 fs15 fc2 sc0 ls3 ws3\" style=\"left:414.5469px; bottom:267.3463px;\">1<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc5 fsb fc2 sc0 ls96 ws16b\" style=\"left:491.21265px; bottom:264.09955px;\">Associate<span class=\"_ _0\"></span>s<span class=\"_ _47\"> </span><span class=\"ls241 ws2b2\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _351\"> </span></span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:199.689px; bottom:247.3978px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:207.8157px; bottom:236.89706px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:274.4055px; bottom:247.3978px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:281.80875px; bottom:236.89706px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:344.1951px; bottom:247.3978px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:352.98224px; bottom:236.89706px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:418.4397px; bottom:247.3978px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:425.262px; bottom:236.89706px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:488.86407px; bottom:247.3978px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:496.85925px; bottom:236.89706px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:562.9818px; bottom:247.3978px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:570.6618px; bottom:236.89706px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls21b ws26b\" style=\"left:633.4494px; bottom:247.3978px;\">2022<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffc7 fsb fc2 sc0 ls22d ws2a0\" style=\"left:642.17957px; bottom:236.89706px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 ls21b ws26b\" style=\"left:708.4656px; bottom:247.3978px;\">2021<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffc6 fsb fc2 sc0 lsde ws108\" style=\"left:714.86804px; bottom:236.89706px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:219.91855px;\">Assets:<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:202.93857px;\">Non-curr<span class=\"_ _3\"></span>ent assets<span class=\"_ _1a2\"> </span><span class=\"ffc7\">1<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6 <span class=\"_ _7d\"> </span></span><span class=\"ls3 ws3\">1<span class=\"_ _0\"></span>,61<span class=\"_ _0\"></span>0 <span class=\"_ _26\"> </span><span class=\"ffc7\">19<span class=\"_ _0\"></span>9 <span class=\"_ _83\"> </span></span>2<span class=\"_ _0\"></span>05 <span class=\"_ _d2\"> </span><span class=\"ffc7\">\u2013 <span class=\"_ _19\"> </span></span>\u2013 <span class=\"_ _81\"> </span><span class=\"ffc7 ls15b ws189\">1,925<span class=\"_ _3\"></span> <span class=\"_ _7f\"> </span><span class=\"ffc8 ls3 ws3\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>815<span class=\"_ _351\"> </span></span></span></span><span class=\"ls3 ws3\"><span class=\"ffc7 ls15b ws189\"><span class=\"ffc8 ls3 ws3\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:185.95856px;\">Curr<span class=\"_ _3\"></span>ent assets<span class=\"_ _d4\"> </span><span class=\"ffc7 ls3 ws3\">1,0<span class=\"_ _0\"></span>63 <span class=\"_ _6f\"> </span></span><span class=\"ls80 wsae\">762 <span class=\"_ _6f\"> </span><span class=\"ffc7 ls60 ws8d\">32<span class=\"_ _0\"></span>7 <span class=\"_ _62\"> </span></span><span class=\"ls73 wsa1\">31<span class=\"_ _0\"></span>6 <span class=\"_ _d2\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _17e\"> </span><span class=\"ffc8\">1 <span class=\"_ _5e\"> </span></span><span class=\"ls15b ws189\">1,390 <span class=\"_ _81\"> </span></span></span><span class=\"ls6e ws9b\">1,<span class=\"_ _0\"></span>079<span class=\"_ _351\"> </span></span></span></span><span class=\"ls80 wsae\"><span class=\"ls73 wsa1\"><span class=\"ls6e ws9b\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:168.97855px;\">Liabilities:<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffc6 fs13 fc2 sc0 ls3 ws3\" style=\"left:56.333847px; bottom:172.97485px;\">2<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:151.99887px;\">Curr<span class=\"_ _3\"></span>ent liabilities<span class=\"_ _24\"> </span><span class=\"ffc7 ls63 ws90\">(9<span class=\"_ _0\"></span>42)<span class=\"_ _67\"> </span><span class=\"ffc6 ls64 ws91\">(592)<span class=\"_ _aa\"> </span></span><span class=\"lsb5 ws9a\">(2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5)<span class=\"_ _71\"> </span><span class=\"ffc6 ls6b ws98\">(2<span class=\"_ _0\"></span>32)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _68\"> </span></span><span class=\"ls6d wscb\">(1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _aa\"> </span><span class=\"ffc6 ls62 ws8f\">(824)<span class=\"_ _351\"> </span></span></span></span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"left:13.294952px; bottom:135.01886px;\">Non-curr<span class=\"_ _3\"></span>ent liabilities<span class=\"_ _65\"> </span><span class=\"ffc7 lsa9 wsd6\">(1,237)<span class=\"_ _87\"> </span></span><span class=\"ls6e ws9b\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>270)<span class=\"_ _85\"> </span><span class=\"ffc7 ls6c ws99\">(58)<span class=\"_ _85\"> </span><span class=\"ffc6 ls60 ws8d\">(84)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _92\"> </span></span><span class=\"lsb5 ws9a\">(1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5)<span class=\"_ _a0\"> </span></span></span></span><span class=\"ls162 ws40\">(1,354<span class=\"_ _f\"></span>)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws3\" style=\"bottom:118.038864px;\">Gr<span class=\"_ _3\"></span>oup adjustment for<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:103.038864px;\">goodwill<span class=\"_ _112\"> </span><span class=\"ffc7 ls3 ws3\">49 <span class=\"_ _28f\"> </span></span><span class=\"ls64 ws91\">112 <span class=\"_ _d2\"> </span><span class=\"ffc7 ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _19\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _2b\"> </span></span>4<span class=\"_ _0\"></span>9 <span class=\"_ _84\"> </span></span>112<span class=\"_ _351\"> </span></span><span class=\"ls64 ws91\"> </span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:86.05887px;\">Adjustment for<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:71.05887px;\">inter<span class=\"_ _3\"></span>company trading<span class=\"_ _155\"> </span><span class=\"ffc7 lsb5 ws9a\">(<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>55)<span class=\"_ _21\"> </span><span class=\"ffc6 ls9c wsc9\">(303)<span class=\"_ _72\"> </span></span>(1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5)<span class=\"_ _62\"> </span><span class=\"ffc6 ls80 wsae\">(12<span class=\"_ _0\"></span>1)<span class=\"_ _d2\"> </span></span><span class=\"ls3 ws3\">\u2013 <span class=\"_ _d2\"> </span><span class=\"ffc8\">\u2013 <span class=\"_ _7f\"> </span></span><span class=\"ls68 ws95\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0)<span class=\"_ _72\"> </span><span class=\"ffc6 ls74 wsa2\">(424)<span class=\"_ _351\"> </span></span></span></span></span></div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:54.522858px;\">Included in <span class=\"_ _3\"></span>the balance<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffc8 fse fc2 sc0 ls5c ws8a\" style=\"bottom:39.522858px;\">sheet<span class=\"_ _1f3\"> </span><span class=\"ffc7 ls3 ws3\">304 <span class=\"_ _62\"> </span></span><span class=\"ls73 wsa1\">31<span class=\"_ _0\"></span>9 <span class=\"_ _60\"> </span><span class=\"ffc7 ls3 ws3\">11<span class=\"_ _0\"></span>8 <span class=\"_ _84\"> </span><span class=\"ffc8\">8<span class=\"_ _0\"></span>4 <span class=\"_ _d2\"> </span></span>\u2013 <span class=\"_ _17e\"> </span><span class=\"ffc8\">1 <span class=\"_ _64\"> </span></span>42<span class=\"_ _0\"></span>2 <span class=\"_ _5c\"> </span><span class=\"ffc8\">4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _351\"> </span></span></span></span><span class=\"ls73 wsa1\"><span class=\"ffc7 ls3 ws3\"><span class=\"ffc8\"> </span></span></span></div><div class=\"t m0 hc ffca fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:27.73796px;\">2<span class=\"_ _351\"> </span> </div><div class=\"t m0 haa ffcb fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:24.740967px;\">Liabilities include <span class=\"_ _3\"></span>borrowings of:<span class=\"_ _19\"> </span><span class=\"ffcc ls63 ws90\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>313)<span class=\"_ _83\"> </span><span class=\"ffca ls3 ws3\">(1<span class=\"_ _0\"></span>,19<span class=\"_ _0\"></span>8)<span class=\"_ _de\"> </span></span><span class=\"ls3a ws7d\">(84)<span class=\"_ _85\"> </span><span class=\"ffca ls159 ws142\">(534)<span class=\"_ _17e\"> </span></span><span class=\"ls3 ws3\">\u2013<span class=\"ffca\"> <span class=\"_ _17e\"> </span>\u2013 <span class=\"_ _aa\"> </span><span class=\"ffc7 ls225 ws276\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>397<span class=\"_ _0\"></span>)<span class=\"_ _5c\"> </span></span><span class=\"ls60 ws8d\">(1<span class=\"_ _0\"></span>,73<span class=\"_ _0\"></span>2)<span class=\"_ _351\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ffc8 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:4.862961px;\">1<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffc8 fs2 fc2 sc0 ls4 ws3\" style=\"left:7.978348px; bottom:1.8659668px;\">The aggregate v<span class=\"_ _3\"></span>alue of the Group\u2019<span class=\"_ _3\"></span>s share of pr<span class=\"_ _3\"></span>ofit/(loss) and total comprehensive (e<span class=\"_ _3\"></span>xpense)/income of individually immaterial joint ventures i<span class=\"_ _3\"></span>s \u00a3(68)m (2021: \u00a339m)<span class=\"_ _351\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-797": {
   "value": "13\u2002 Inventories 2022 \u00a3m 2021 \u00a3m Raw materials 479  376  Work in progress 1,633  1,135 Finished goods 2,593  2,146  Payments on account 3  9  4,708  3,666  Inventories stated at net realisable value 209  215  Amount of inventory write-down 85  92  Reversal of inventory write-down 27  26  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-798": {
   "value": "14\u2002 Trade\u2002receivables\u2002and\u2002other\u2002assets Current Non-current Total 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m Trade receivables  1, 2 2,376  2,141  43  52  2,419  2,193  Prepayments 886  572  893  378  1,779  950  Receivables due on RRSAs  2 928  702  255  67  1,183  769  Amounts owed by joint ventures and associates  632  598  16  1  648  599  Other taxation and social security receivable 147  197  9  8  156  205  Costs to obtain contracts with customers  3 12  13  67  41  79  54  Other receivables  4 617  593  55  20  672  613  5,598  4,816  1,338  567  6,936  5,383  Trade receivables and other assets are analysed as follows: Financial instruments (note 20): Trade receivables and similar items 4,147  3,466  Other non-derivative financial assets 775  705  Non-financial instruments 2,014  1,212  6,936  5,383  1  Non-current trade receivables relate to amounts not expected to be received in the next 12 months from customers on payment plans  2  Includes receivables due from ITP Aero that were previously eliminated on consolidation 3  These are amortised over the term of the related contract in line with engine deliveries, resulting in amortisation of \u00a311m (2021: \u00a39m) in the year. There were no impairment losses 4  Other receivables includes unbilled recoveries relating to completed overhaul activity where the right to consideration is unconditional The Group has adopted the simplified approach to provide for ECLs, measuring the loss allowance at a probability weighted amount incorporated by using credit ratings which are publicly available, or through internal risk assessments derived using the customer\u2019s latest available financial information. The ECLs for trade receivables and other assets has increased by \u00a387m to \u00a3346m (2021: \u00a37m to \u00a3259m). This movement is mainly driven  by the Civil Aerospace business of \u00a390m, of which \u00a383m relates to specific customers and \u00a37m relates to updates to the recoverability of other receivables. The assumptions and inputs used for the estimation of the ECLs are disclosed in the table below: 2022 2021  1 Trade\u2002receivables\u2002and\u2002other\u2002financial assets \u00a3m Loss\u2002allowance \u00a3m Average\u2002ECL\u2002rate % Trade receivables  and other  financial  assets \u00a3m Loss  allowance \u00a3m Average  ECL rate % Investment grade  2 1,637  (177) 11% 1,296  (68) 5% Non-investment grade 124  (16) 13% 48  (2) 4% Without credit rating 3,507  (153) 4% 3,086  (189) 6% 5,268  (346) 7% 4,430  (259) 6% 1  During the year, the presentation of ECLs has been analysed in greater detail. This has resulted in comparative balances being represented in more appropriate line items. Trade receivables  and other financial assets that are classified as investment grade has increased by \u00a3204m, with a decrease of \u00a399m and \u00a3105m to those classified as non-investment grade and without  credit rating respectively. The loss allowance against assets classified as investment grade has increased by \u00a341m with the respective decrease in the loss allowance for those without a  credit rating. The total amount of trade receivables and other financial assets and loss allowance as at 31 December 2021 has remained unchanged 2  Counterparties with a credit rating of \u2018C\u2019 or above are classified as investment grade 14\u2002 Trade\u2002receivables\u2002and\u2002other\u2002assets\u2002\u2013\u2002continued The movements of the Group ECLs provision are as follows: 2022 \u00a3m 2021 \u00a3m At 1 January (259) (252) Increases in loss allowance recognised in the income statement during the year (118) (124) Loss allowance utilised 22  46  Releases of loss allowance previously provided 45  46  Transferred to assets held for sale \u2013  2  Exchange differences (36) 23  At 31 December (346) (259) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-799": {
   "value": "15\u2002 Contract\u2002assets\u2002and\u2002liabilities Current Non-current\u20021 Total\u20022 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m Contract\u2002assets Contract assets with customers 621  586  617  641  1,238  1,227  Participation fee contract assets 28  27  215  219  243  246  649  613  832  860  1,481  1,473  1  Contract assets and contract liabilities have been presented on the face of the balance sheet in line with the operating cycle of the business. Contract liabilities are further split according  to when the related performance obligation is expected to be satisfied and, therefore, when revenue is estimated to be recognised in the income statement. Further disclosure of contract  assets is provided in the table above, which shows within current the element of consideration that will become unconditional in the next year 2  Contract assets are classified as non-financial instruments The balance includes \u00a3885m (2021: \u00a3915m) of Civil Aerospace LTSA assets, with most of the remaining balance relating to Defence. The  decrease in the Civil Aerospace balance is due to collection of higher cash receipts than revenue recognised in relation to completion of performance obligations on those contracts with a contract asset balance. Revenue recognised relating to performance obligations  satisfied in previous years was \u00a326m in Civil Aerospace. No impairment losses in relation to these contract assets (2021: none) have arisen  during the year.  Participation fee contract assets have reduced by \u00a33m (2021: \u00a3188m) due to amortisation exceeding additions by \u00a37m, offset by foreign  exchange on consolidation of \u00a34m. The absolute value of ECLs for contract assets has increased by \u00a36m to \u00a321m (2021: \u00a315m).  Current Non-current Total 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m Contract\u2002liabilities 4,825  3,599  7,337  6,710  12,162  10,309  Contract liabilities are analysed as follows: Financial instruments (note 20) 420  264  Non-financial instruments 11,742  10,045  12,162  10,309  During the year \u00a33,321m (2021: \u00a32,713m) of the opening contract liability was recognised as revenue. Contract liabilities have increased by \u00a31,853m. The movement in the Group balance is as a result of increases in Civil Aerospace of \u00a31,395m and Defence of \u00a3324m. The main reason for the Civil Aerospace increase is a growth in LTSA liabilities of \u00a31,128m to \u00a38,257m (2021: \u00a37,129m) driven by growth in customer payments as engine flying hours continue to recover from the COVID-19 pandemic and price escalation. There have also been additional buy-in fees received in relation to new contracts. This has been partly offset by revenue being recognised in  relation to performance obligations satisfied in previous years of \u00a3334m as contract performance improves, which decreases the contract liability. An increase in Defence is from the receipt of deposits in advance of performance obligations being completed.  ",
   "dimensions": {
    "concept": "rollsroyceholdings:DisclosureOfContractAssetsAndLiabilities",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-800": {
   "value": "16\u2002 Cash\u2002and\u2002cash\u2002equivalents 2022 \u00a3m 2021 \u00a3m Cash at bank and in hand 847  795  Money-market funds 34  49  Short-term deposits 1,726  1,777 Cash and cash equivalents per the balance sheet 2,607  2,621  Cash and cash equivalents included within assets held for sale (note 27) \u2013  25  Overdrafts (note 17) (2) (7) Cash and cash equivalents per cash flow statement (page 106) 2,605  2,639  Cash and cash equivalents at 31 December 2022 includes \u00a3235m (2021: \u00a389m) that is not available for general use by the Group. This  balance includes \u00a340m which is held in an account that is exclusively for the general use of Rolls-Royce Submarines Limited and \u00a3138m which is held exclusively for the use of Rolls-Royce Saudi Arabia Limited. This cash is not available for use by other entities within the  Group. The remaining balance relates to cash held in non-wholly owned subsidiaries and joint arrangements. Balances are presented on a net basis when the Group has both a legal right of offset and the intention to either settle on a net basis or realise the asset and settle the liability simultaneously. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-801": {
   "value": "17\u2002 Borrowings\u2002and\u2002lease\u2002liabilities Current Non-current Total 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m Unsecured Overdrafts 2  7  \u2013  \u2013  2  7  Bank loans  1 1  2  \u2013  1,975  1  1,977  0.875% Notes 2024 \u20ac550m  2 \u2013  \u2013  472  471  472  471  3.625% Notes 2025 $1,000m  2 \u2013  \u2013  801  781  801  781  3.375% Notes 2026 \u00a3375m  3 \u2013  \u2013  351  394  351  394  4.625% Notes 2026 \u20ac750m  4 \u2013  \u2013  661  624  661  624  5.75% Notes 2027 $1,000m  4  \u2013  \u2013  825  735  825  735  5.75% Notes 2027 \u00a3545m \u2013  \u2013  541  540  541  540  1.625% Notes 2028 \u20ac550m  2 \u2013  \u2013  444  493  444  493  Other loans \u2013  \u2013  10  10  10  10  Total\u2002unsecured 3  9  4,105  6,023  4,108  6,032  Lease liability \u2013 Land and buildings 46  46  400  365  446  411  Lease liability \u2013 Aircraft and engines 278  198  1,047  1,053  1,325  1,251  Lease liability \u2013 Plant and equipment 31  26  45  56  76  82  Total\u2002lease\u2002liabilities 355  270  1,492  1,474  1,847  1,744 Total\u2002borrowings\u2002and\u2002lease\u2002liabilities 358  279  5,597  7,497  5,955  7,776 All outstanding items described as notes above are listed on the London Stock Exchange 1  On 16 September 2022, the Group repaid the \u00a32,000m loan maturing in 2025 (supported by an 80% guarantee from UK Export Finance) 2  These notes are the subject of cross-currency interest rate swap agreements under which the Group has undertaken to pay \ufb02oating rates of GBP interest, which form a fair value hedge.  They are also subject to interest rate swap agreements under which the Group has undertaken to pay fixed rates of interest, which are classified as fair value through profit and loss 3  These notes are the subject of interest rate swap agreements under which the Group has undertaken to pay \ufb02oating rates of interest, which form a fair value hedge. They are also subject  to interest rate swap agreements under which the Group has undertaken to pay fixed rates of interest, which are classified as fair value through profit and loss 4  These notes are the subject of cross-currency interest rate swap agreements under which the Group has undertaken to pay fixed rates of GBP interest, which form a cash flow hedge  During the year ended 31 December 2022, the Group entered into a new \u00a31,000m sustainability-linked facility, maturing in 2027 (supported by an 80% guarantee from UK Export Finance). The facility was undrawn at 31 December 2022. At 31 December 2022, the Group had total undrawn facilities of \u00a35,500m (2021: \u00a34,500m). Under the terms of certain recent loan facilities, the Company is restricted from declaring, making or paying distributions to shareholders  on or prior to 31 December 2022 and from declaring, making or paying distributions to shareholders from 1 January 2023 unless certain  conditions are satisfied. The restrictions on distributions do not prevent the Company from redeeming any unredeemed C Shares issued prior to March 2021. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-802": {
   "value": "18\u2002 Leases Leases as lessee The net book value of right-of-use assets at 31 December 2022 was \u00a31,061m (2021: \u00a31,203m), with a lease liability of \u00a31,847m (2021: \u00a31,744m), per notes 11 and 17 respectively. Leases that have not yet commenced to which the Group is committed have a future liability of \u00a339m and  consist of mainly plant and equipment and properties. The consolidated income statement shows the following amounts relating to leases: 2022 \u00a3m 2021 \u00a3m Land and buildings depreciation and impairment  1 (41) (41) Plant and equipment depreciation and impairment  2 (36) (24) Aircraft and engines depreciation and impairment  3 (210) (192) Total\u2002depreciation\u2002and\u2002impairment\u2002charge\u2002for\u2002right-of-use\u2002assets\u2002 (287) (257 ) Adjustment of amounts payable under residual value guarantees within lease liabilities  3, 4 3  4  Expense relating to short-term leases of 12 months or less recognised as an expense on a straight line basis  2 (28) (16) Expense relating to variable lease payments not included in lease liabilities  3, 5 (2) (2) Total\u2002operating\u2002costs (314) (271) Interest expense  6 (68) (63) Total\u2002lease\u2002expense (382) (334) Income from sub-leasing right-of-use assets 32  35  Total\u2002amount\u2002recognised\u2002in\u2002the\u2002income\u2002statement (350) (299) 1  Included in cost of sales and commercial and administration costs depending on the nature and the use of the right-of-use asset 2  Included in cost of sales, commercial and administration costs, or research and development depending on the nature and use of the right-of-use asset 3  Included in cost of sales 4  Where the cost of meeting residual value guarantees is less than that previously estimated, as costs have been mitigated or liabilities waived by the lessor, the lease liability has been remeasured. Where the value of this remeasurement exceeds the value of the right-of use asset, the reduction in the lease liability is credited to cost of sales 5  Variable lease payments primarily arise on a small number of contracts where engine lease payments are dependent upon utilisation rather than a periodic charge 6  Included in financing costs The total cash outflow for leases in 2022 was \u00a3316m (2021: \u00a3448m). Of this, \u00a3286m related to leases reflected in the lease liability, \u00a328m to  short-term leases where lease payments are expensed on a straight-line basis and \u00a32m for variable lease payments where obligations are  only due when the assets are used. The timing difference between income statement charge and cash flow relates to costs incurred at the end of leases for residual value guarantees and restoration costs that are recognised within depreciation over the term of the lease, the most significant amounts relate to engine leases. Leases as lessor The Group acts as lessor for engines to Civil Aerospace customers when they require engines to support their fleets. Lease agreements  with the lessees provide protection over the assets. Usage in excess of specified limits and damage to the engine while on lease are covered by variable lease payment structures. Lessee bankruptcy risk is managed through the Cape Town Convention on International Interests in  Mobile Equipment (including a specific protocol relating to aircraft equipment); an international treaty that creates common standards for  the registration of lease contracts and establishes various legal remedies for default in financing agreements, including repossession and  the effect of particular states\u2019 bankruptcy laws. Engines are only leased once the Group confirm that appropriate insurance documentation is established that covers the engine assets to pre-agreed amounts. All such contracts are operating leases. The Group also leases out a  small number of properties, or parts of properties, where there is excess capacity under operating leases. 2022 \u00a3m 2021 \u00a3m Operating lease income \u2013 credited within revenue from aftermarket services  1, 2 84 80  1  Includes variable lease payments received of \u00a373m (2021: \u00a371m) that do not depend on an index or a rate 2  Items of property, plant and equipment subject to an operating lease are disclosed in note 10 Total non-cancellable future operating lease rentals (undiscounted) of \u00a395m (2021: \u00a358m) are receivable over the next 12 years. \u00a312m (2021: \u00a39m) is due within one year, \u00a345m (2021: \u00a328m) between one to five years and \u00a338m (2021: \u00a321m) after five years. In a limited number of circumstances, the Group sublets properties that are treated as a finance lease when the arrangement transfers  substantially all the risks and rewards of ownership of the asset. At 31 December 2022, the total undiscounted lease payments receivable  is \u00a339m (2021: \u00a319m) on annual lease income of \u00a34m (2021: \u00a32m). The discounted finance lease receivable at 31 December 2022 is \u00a332m  (2021: \u00a317m). There was nil (2021: nil) finance income recognised during the year. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-803": {
   "value": "19\u2002 Trade\u2002payables\u2002and\u2002other\u2002liabilities Current Non-current Total 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m Trade payables  1 1,735  1,272  \u2013  \u2013  1,735  1,272  Accruals 1,477  1,361  199  192  1,676  1,553  Customer concession credits  2 616  1,106  864  399  1,480  1,505  Payables due on RRSAs  1 1,392  739  \u2013  \u2013  1,392  739  Deferred receipts from RRSA workshare partners 32  23  829  484  861  507  Amounts owed to joint ventures and associates 567  486  \u2013  \u2013  567  486  Warranty credits 212  201  152  161  364  362  Government grants  3 21  28  41  39  62  67  Other taxation and social security 88  40  \u2013  \u2013  88  40  Other payables  4 843  760  279  300  1,122  1,060  6,983  6,016  2,364  1,575  9,347  7,591 Trade payables and other liabilities are analysed as follows  5 : Financial instruments (note 20): Trade payables and similar items 5,739  4,409  Other non-derivative financial liabilities 2,385  2,403 Non-financial instruments 1,223  779  9,347  7,591 1  Includes payables due to ITP Aero that were previously eliminated on consolidation 2  Customer concession credits are a form of discount and are reported within revenue as set out on page 114 3  During the year, \u00a320m, including \u00a35m in discontinued operations, (2021: \u00a313m) of government grants were released to the income statement  4  Other payables includes parts purchase obligations, payroll liabilities, HM Government UK levies and payables associated with business disposals 5  During the year, the classification between financial instruments and non-financial instruments has been reviewed and resulted in an increase to the 2021 classification of trade payables  and other liabilities disclosed as financial instruments of \u00a3364m The Group\u2019s payment terms with suppliers vary on the products and services being sourced, the competitive global markets the Group  operates in and other commercial aspects of suppliers\u2019 relationships. Industry average payment terms vary between 90-120 days. The Group offers reduced payment terms for smaller suppliers, so that they are paid in 30 days. In line with aerospace industry practice, the Group offers a SCF programme in partnership with banks to enable suppliers, including joint ventures, who are on standard 75-day  payment terms to receive their payments sooner. The SCF programme is available to suppliers at their discretion and does not change  rights and obligations with suppliers nor the timing of payment to suppliers. At 31 December 2022, suppliers had drawn \u00a3422m under the  SCF scheme (2021: \u00a3540m). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-804": {
   "value": "20\u2002 Financial\u2002instruments Carrying values and fair values of financial instruments Notes Basis for determining  fair value Assets Liabilities Total FVPL \u00a3m FVOCI \u00a3m Amortised\u2002cost \u00a3m FVPL \u00a3m Other \u00a3m \u00a3m 2022 Other non-current asset investments 12 A  26  10  \u2013  \u2013  \u2013  36  Trade receivables and similar items 14 B/C  \u2013  10  4,137  \u2013  \u2013  4,147 Other non-derivative financial assets 14 B  \u2013 \u2013  775  \u2013  \u2013  775  Other assets D  35  \u2013  \u2013  \u2013  \u2013  35  Derivative financial assets  1 C  648  \u2013  \u2013  \u2013  \u2013  648  Short-term investments B  \u2013  \u2013  11  \u2013  \u2013  11  Cash and cash equivalents 16 B  34  \u2013  2,573  \u2013  \u2013  2,607  Borrowings 17 E/F  \u2013  \u2013  \u2013  \u2013  (4,108) (4,108) Lease liabilities 17 G  \u2013  \u2013  \u2013  \u2013  (1,847) (1,847) Derivative financial liabilities  1 C  \u2013  \u2013  \u2013  (4,099) \u2013  (4,099) Financial RRSAs H  \u2013  \u2013  \u2013  \u2013  (22) (22) Other liabilities H  \u2013  \u2013  \u2013  \u2013  (101) (101) C Shares B  \u2013  \u2013  \u2013  \u2013  (24) (24) Trade payables and similar items 19 B  \u2013  \u2013  \u2013  \u2013  (5,739) (5,739) Other non-derivative financial liabilities 19 B  \u2013  \u2013  \u2013  \u2013  (2,385) (2,385) Contract liabilities 15 B  \u2013  \u2013  \u2013  \u2013  (420) (420) 743  20  7,496  (4,099) (14,646) (10,486) 2021 Other non-current asset investments 12 A  36  \u2013  \u2013  \u2013  \u2013  36  Trade receivables and similar items  14 B/C  \u2013  17  3,449  \u2013  \u2013  3,466  Other non-derivative financial assets  14 B  \u2013  \u2013  705  \u2013  \u2013  705  Other assets D  28  \u2013  \u2013  \u2013  \u2013  28  Derivative financial assets  1 C  379  \u2013  \u2013  \u2013  \u2013  379  Short-term investments B  \u2013  \u2013  8  \u2013  \u2013  8  Cash and cash equivalents  16 B  49  \u2013  2,572  \u2013  \u2013  2,621  Borrowings 17 E/F  \u2013  \u2013  \u2013  \u2013  (6,032) (6,032) Lease liabilities 17 G  \u2013  \u2013  \u2013  \u2013  (1,744) (1,744) Derivative financial liabilities  1 C  \u2013  \u2013  \u2013  (3,292) \u2013  (3,292) Financial RRSAs H  \u2013  \u2013  \u2013  \u2013  (12) (12) Other H  \u2013  \u2013  \u2013  \u2013  (75) (75) C Shares B  \u2013  \u2013  \u2013  \u2013  (25) (25) Trade payables and similar items  2 19 B  \u2013  \u2013  \u2013  \u2013  (4,409) (4,409) Other non-derivative financial liabilities  19 B  \u2013  \u2013  \u2013  \u2013  (2,403) (2,403) Contract liabilities  15 B  \u2013  \u2013  \u2013  \u2013  (264) (264) 492  17  6,734  (3,292) (14,964) (11,013) 1  In the event of counterparty default relating to derivative financial assets and liabilities, offsetting would apply and financial assets and liabilities held with the same counterparty would  net off. If this occurred with every counterparty, total financial assets would be \u00a38m (2021: nil) and liabilities \u00a33,459m (2021: \u00a32,913m) 2  During the year trade payables and similar items have been analysed in greater detail and consequently have been represented to include items previously classified as non-financial  instruments 20\u2002 Financial\u2002instruments\u2002\u2013\u2002continued Fair values equate to book values for both 2022 and 2021, with the following exceptions: Basis for  determining fair  value 2022 2021 Book\u2002value \u00a3m Fair\u2002value \u00a3m Book value \u00a3m Fair value \u00a3m Borrowings E  (4,095) (3,812) (4,038) (4,106) Borrowings F  (13) (15) (1,994) (2,122) Financial RRSAs H  (22) (22) (12) (13) The fair value of a financial instrument is the price at which an asset could be exchanged, or a liability settled, between knowledgeable,  willing parties in an arm\u2019s-length transaction. There have been no transfers during the year from or to Level 3 valuation. Fair values have  been determined with reference to available market information at the balance sheet date, using the methodologies described below.  A  These primarily comprise unconsolidated companies where fair value approximates to the book value. Listed investments are valued using Level 1 methodology  B  Fair values are assumed to approximate to cost either due to the short-term maturity of the instruments or because the interest rate of the investments is reset after periods not exceeding  six months. Money market funds are valued using Level 1 methodology  C  Fair values of derivative financial assets and liabilities and trade receivables held to collect or sell are estimated by discounting expected future contractual cash \ufb02ows using prevailing  interest rate curves. For commodity derivatives, forward commodity prices are used to determine expected future cash flows. Amounts denominated in foreign currencies are valued a t the exchange rate prevailing at the balance sheet date. These financial instruments are included on the balance sheet at fair value, derived from observable market prices (Level 2) D  Other assets are included on the balance sheet at fair value, derived from observable market prices or latest forecast (Level 2/Level 3). At 31 December 2022, Level 3 assets totalled \u00a325m  (2021: \u00a315m) E  Borrowings are carried at amortised cost. Amounts denominated in foreign currencies are valued at the exchange rate prevailing at the balance sheet date. The fair value of borrowings  is estimated using quoted prices (Level 1) F  Borrowings are carried at amortised cost. Amounts denominated in foreign currencies are valued at the exchange rate prevailing at the balance sheet date. The fair value of borrowings  is estimated by discounting contractual future cash flows (Level 2) G  The fair value of lease liabilities are estimated by discounting future contractual cash flows using either the interest rate implicit in the lease or the Group\u2019s incremental cost of borrowing  (Level 2) H  The fair value of RRSAs and other liabilities are estimated by discounting expected future cash flows. The contractual cash flows are based on future trading activity, which is estimated  based on latest forecasts (Level 3)  IFRS 13 Fair Value Measurement defines a three-level valuation hierarchy:  Level 1 \u2013 quoted prices for similar instruments;  Level 2 \u2013 directly observable market inputs other than Level 1 inputs; and  Level 3 \u2013 inputs not based on observable market data. 20\u2002 Financial\u2002instruments\u2002\u2013\u2002continued Derivative financial instruments The Group uses various financial instruments to manage its exposure to movements in foreign exchange rates. The Group uses commodity swaps to manage its exposure to movements in the price of commodities (jet fuel and base metals). To hedge the currency risk associated with a borrowing denominated in a foreign currency, the Group has currency derivatives designated as part of fair value or cash flow hedges. The Group uses interest rate swaps and forward rate agreements to manage its exposure to movements in interest rates. Movements in the fair values of derivative financial assets and liabilities were as follows: Foreign\u2002exchange\u2002instruments Commodity\u2002instruments Interest\u2002rate\u2002instruments\u2002 \u2013\u2002hedge\u2002accounted\u20021 Interest\u2002rate\u2002instruments\u2002 -\u2002non-hedge\u2002accounted Total 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m At 1 January (3,039) (2,871) 32  (11) 57 233  37  (57) (2,913) (2,706) Movements in fair value  hedges  \u2013  \u2013  \u2013  \u2013  (74) (143) \u2013  \u2013  (74) (143) Movements in cash flow  hedges (56) (13) \u2013 4 142  (2) \u2013 \u2013  86  (11) Movements in other  derivative contracts  2 (1,875) (681) 106 63  \u2013  \u2013  190  80  (1,579) (538) Contracts settled 1,119  538  (76) (9) \u2013 (31) (14) 14 1,029  512  Reclassification to held  for sale \u2013 (12) \u2013 (15) \u2013  \u2013  \u2013  \u2013  \u2013 (27) At 31 December (3,851) (3,039) 62  32  125  57  213  37  (3,451) (2,913) 1  Includes the foreign exchange impact of cross-currency interest rate swaps 2  Included in net financing Financial RRSAs and other financial assets and liabilities The Group has financial liabilities arising from financial RRSAs. These financial liabilities are valued at each reporting date using the  amortised cost method. This involves calculating the present value of the forecast cash flows of the arrangements using the internal rate of return at the inception of the arrangements as the discount rate. Movements in the carrying values were as follows:  Financial\u2002RRSAs Other\u2002\u2013\u2002assets Other\u2002\u2013\u2002liabilities 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m At 1 January (12) (81) 15  15  (75) (73) Exchange adjustments included in OCI (2) 4 2  \u2013 (4) 4  Additions (6) \u2013 11  \u2013 (35) (9) Financing charge  1 \u2013  \u2013  \u2013  \u2013  (4) (1) Excluded from underlying profit/(loss): Changes in forecast payments  1 (7) (7) \u2013  \u2013  \u2013  \u2013  Cash paid 5  3  (3) \u2013 8  3  Other \u2013  \u2013  \u2013  \u2013  9  1  Reclassification to assets held for sale \u2013 69 \u2013  \u2013  \u2013  \u2013  At 31 December (22) (12) 25  15  (101) (75) 1  Included in financing 20\u2002 Financial\u2002instruments\u2002\u2013\u2002continued Effect of hedging instruments on the financial position and performance  To manage the risk of changes in the fair values of fixed rate borrowings (the hedged items), the Group has entered into fixed-to-floating interest rate swaps (the hedging instruments), which, for accounting purposes, are designated as fair value hedges. The impact of fair value  hedges on the financial position and performance of the Group is as follows: Hedged\u2002item\u20021 Hedging\u2002instrument\u20022 Nominal \u00a3m FV  adjustment\u2002in\u2002the\u2002period \u00a3m FV  adjustment\u2002since\u2002inception \u00a3m Carrying\u2002amount \u00a3m Nominal \u00a3m Carrying\u2002amount\u2002asset \u00a3m Carrying\u2002amount\u2002liability \u00a3m FV  movement\u2002in\u2002the\u2002period \u00a3m Hedge\u2002ineffect- iveness\u2002in\u2002the\u2002period\u20023 \u00a3m Weighted\u2002average\u2002FX\u2002rate Weighted\u2002average\u2002interest\u2002rate At\u200231\u2002December\u20022022 Sterling  (375) 43  24  (351) 375  \u2013  (24) (43) \u2013  1.00  SONIA\u2002+\u20020.89  USD (658) (20) (143) (801) 658  134  \u2013  18  (2) 1.52  SONIA\u2002+\u20021.47 Euro (968) 49  52  (916) 968  \u2013  (72) (51) (2) 1.14 SONIA\u2002+\u20020.92 At 31 December 2021 Sterling (375) 27  (19) (394) 375  19  \u2013  (27) \u2013  1.00  SONIA +  0.89  USD (658) 19  (125) (781) 658  116  \u2013  (20) (1) 1.52  SONIA +  1.47  Euro (968) 91  1  (965) 968  \u2013  (21) (90) 1  1.14  SONIA +  0.92 1  Hedged items are included in borrowings in the balance sheet 2  Hedging instruments are included in other financial assets or liabilities in the balance sheet 3  Hedge ineffectiveness is included in net financing in the income statement To manage the foreign exchange rate risk in cash flows on fixed rate non-GBP borrowings (the hedged items), the Group has entered into fixed-to-fixed cross-currency interest rate swaps (the hedging instruments) to hedge the cash flows into GBP, which, for accounting  purposes, are designated as cash flow hedges.  During the year to 31 December 2022, the Group entered into deal contingent forwards with a nominal amount of \u20ac1,500m to manage the foreign exchange risk in Euro proceeds expected from the disposal of ITP Aero (hedged item). These contracts were designated as the  hedging instrument in cash flow hedges with hedge ratio of 1:1. At inception, the existence of an economic relationship between the hedged item and the hedging instrument is verified. Both the spot component and the contingent element were designated as the hedging instrument. At deal completion, these contracts had a fair value of \u00a3(56)m, based on the weighted average foreign exchange rate of 1.1992. \u00a352m was reclassified to loss on disposal in the income statement from hedging reserves (\u00a362m from hedging reserve and \u00a3(10)m from cost of hedging reserve). There was ineffectiveness of \u00a34m recognised in net financing during the year. The forward element and basis were excluded from  the hedging instrument designation and separately accounted for in the equity reserve for cost of hedging. The impact of cash flow hedges on the financial position and performance of the Group is as follows: Hedged\u2002item\u2002 Hedging\u2002instrument\u20021 Hedging\u2002reserves Nominal \u00a3m FV  movement\u2002in\u2002the\u2002period \u00a3m Nominal \u00a3m Carrying\u2002amount\u2002asset/ (liability) \u00a3m FV  movement\u2002in\u2002the\u2002period \u00a3m Hedge\u2002ineffect- iveness\u2002in\u2002the\u2002period\u2002\u00a3m Weighted\u2002average\u2002FX\u2002rate Weighted\u2002average\u2002interest\u2002rate Amount\u2002recognised\u2002in\u2002OCI \u00a3m Recycled\u2002to\u2002net\u2002financing \u00a3m Closing\u2002cash\u2002flow\u2002hedge\u2002reserve \u00a3m At\u200231\u2002December\u20022022 USD (772) (104) 772  89  109  5  1.29  5.33  (111) 96 (25) Euro (677) (35) 677  (2) 35  \u2013  1.11  5.45  (27) 28  (9) At 31 December 2021 USD (772) (35) 772  (20) 35  \u2013  1.29  5.33 (36) 10  (10) Euro (677) 32  677  (37) (32) (1) 1.11  5.45 39  (51) (10) 1  Hedging instruments are included in other financial assets or liabilities in the balance sheet 20\u2002 Financial\u2002instruments\u2002\u2013\u2002continued Risk management policies and hedging activities  The principal financial risks to which the Group is exposed are: foreign currency exchange rate risk; liquidity risk; credit risk; interest rate risk; and commodity price risk. The Board has approved policies for the management of these risks. Foreign\u2002currency\u2002exchange\u2002rate\u2002risk\u2002\u2013 The Group has significant cash flows (most significantly USD, followed by the euro) denominated in currencies other than the functional currency of the relevant trading entity. To manage its exposures to changes in values of future foreign currency cash flows, so as to maintain relatively stable long-term foreign exchange rates on settled transactions, the Group enters into  derivative forward foreign currency transactions. During the year, the Board approved a revised FX hedging policy reducing the time horizon from 10 years to 5 years. The Group  economically hedges its GBP/USD exposure by forecasting highly probable net USD receipts up to five years forward. Hedges are taken out within prescribed maximum and minimum hedge positions set out in the Group FX Policy. Transition of the existing hedge book to  the levels stated with the new policy will be completed in the near term. The maximum and minimum policy bands decline gradually over  the five-year horizon and are calculated as a percentage of forecast net income. A similar policy is operated for the Group\u2019s EUR/USD  exposure. For accounting purposes, these derivative contracts are not designated in hedging relationships. The Group also has exposures to cash flows on EUR and USD denominated fixed rate borrowings. To manage its exposures to changes  in values of future foreign currency cash flows, the Group has entered into fixed-to-fixed cross-currency interest rate swaps, which, for  accounting purposes, are designated as cash flow hedges. The swaps have similar critical terms to the hedged items, such as the initial exchange amounts, payment dates and maturities. Therefore, there is an economic relationship and the hedge ratio is established as 1:1. Possible sources of ineffectiveness in the cash flow hedge relationship are changes in the credit risk of either party to the interest rate  swap. Another possible source of ineffectiveness would be if the notional of the borrowings is less than the notional of the derivative, for example, in the event of a partial repayment of hedged debt prior to its maturity.  The Group regards its interests in overseas subsidiary companies as long-term investments. The Group aims to match its translational exposures by matching the currencies of assets and liabilities.  Liquidity\u2002risk\u2002\u2013 The Group\u2019s policy is to hold financial investments and maintain undrawn committed facilities at a level sufficient to ensure that the Group has available funds to meet its medium-term capital and funding obligations and to meet any unforeseen obligations and  opportunities. The Group holds cash and short-term investments, which, together with the undrawn committed facilities, enable the Group  to manage its liquidity risk. Credit\u2002risk\u2002\u2013 The Group is exposed to credit risk to the extent of non-payment by either its customers or the counterparties of its financial  instruments. The effective monitoring and controlling of credit risk is a key component of the Group\u2019s risk management activities. The Group has credit policies covering both trading and financial exposures. Credit risks arising from treasury activities are managed by a  central treasury function in accordance with the Group credit policy. The objective of the policy is to diversify and minimise the Group\u2019s  exposure to credit risk from its treasury activities by ensuring the Group transacts strictly with \u2018BBB\u2019 or higher rated financial institutions based on pre-established limits per financial institution. At the balance sheet date, there were no significant concentrations of credit risk to individual customers or counterparties. The Group\u2019s revenue is generated from customers located across multiple geographical locations (see note 2). These customers are typically: airframers and airline operators relating to Civil Aerospace; government defence  departments for the UK and US; and multiple smaller entities for Power Systems. Whilst there are a limited number of customers related to Civil Aerospace and Defence, they are spread across various geographical locations. The maximum exposure to credit risk at the balance  sheet date is represented by the carrying value of each financial asset, including derivative financial instruments. Interest\u2002rate\u2002risk\u2002\u2013 The Group\u2019s interest rate risk is primarily in relation to its fixed rate borrowings (fair value risk), floating rate borrowings and cash and cash equivalents (cash flow risk). Interest rate derivatives are used to manage the overall interest rate profile of the Group.  The fixed or floating rate interest rate decision on long-term borrowings is determined for each new agreement at the point it is entered  into. The aggregate interest rate position of the Group is reviewed regularly and can be revised at any time in order to react to changes  in market conditions or circumstances. The Group also has exposures to the fair values of non-derivative financial instruments such as EUR, GBP and USD fixed rate borrowings. To manage the risk of changes in these fair values, the Group has entered into fixed-to-floating interest rate swaps and cross-currency interest rate swaps, which, for accounting purposes, are designated as fair value hedges. The swaps have similar critical terms to the  hedged items, such as the reference rate, reset dates, notional amounts, payment dates and maturities. Therefore, there is an economic  relationship and the hedge ratio is established as 1:1. Possible sources of ineffectiveness in the fair value hedge relationship are changes  in the credit risk of either party to the interest rate swap and, for cross-currency interest rate swaps, the cross-currency basis risk as this risk is present in the hedging instrument only. Another possible source of ineffectiveness would be if the notional of the borrowings is less than the notional of the derivative, for example in the event of a partial repayment of hedged debt prior to its maturity. The Group has exposure to changes in cash flows due to changes in interest rates. To manage this risk the Group has entered into floating- to-fixed interest rate swaps to hedge a proportion of its floating rate exposure to fixed rates. The swaps have similar critical terms to the  floating leg of swaps that form part of the fair value hedges, such as the reference rate, reset dates, notional amounts, payment dates and  maturities. For accounting purposes, these derivative contracts are generally not designated as hedging instruments. Commodity\u2002price\u2002risk\u2002\u2013 The Group has exposures to the price of jet fuel and base metals arising from business operations. To minimise its cash flow exposures to changes in commodity prices, the Group enters into derivative commodity transactions. The commodity hedging policy is similar to the Group FX policy, in that the Group forecasts highly probable exposures to commodities, and takes out hedges within prescribed maximum and minimum levels as set out in the policy. The maximum and minimum policy bands decline gradually over time. For accounting purposes, these derivative contracts are generally not designated in hedging relationships. Other\u2002price\u2002risk\u2002\u2013 The Group\u2019s cash equivalent balances represent investments in money-market instruments, with a term of up to three months. The Group does not consider that these are subject to significant price risk. 20\u2002 Financial\u2002instruments\u2002\u2013\u2002continued Derivative financial instruments The nominal amounts, analysed by year of expected maturity, and fair values of derivative financial instruments are as follows:  Nominal amount \u00a3m Expected\u2002maturity Fair\u2002value Within one\u2002year \u00a3m Between one\u2002and two\u2002years \u00a3m Between two\u2002and five\u2002years \u00a3m After five\u2002years \u00a3m Assets \u00a3m Liabilities \u00a3m At\u200231\u2002December\u20022022 Foreign exchange contracts: Non-hedge accounted 22,844  9,539  4,180  8,898  227  145  (3,996 ) Interest rate contracts: Fair value hedges 2,001  \u2013  484  1,033  484  135  (97) Cash flow hedges 1,449  \u2013  \u2013  1,449  \u2013  89  (2 ) Non-hedge accounted 2,001  \u2013  484  1,033  484  214  (1 ) Commodity contracts: Non-hedge accounted 219  97  79  43  \u2013  65  (3) 28,514  9,636  5,227  12,456  1,195  648  (4,099) At 31 December 2021 Foreign exchange contracts: Non-hedge accounted 28,767  6,975  8,139  12,471  1,182  171  (3,210 ) Interest rate contracts: Fair value hedges 2,001  \u2013  \u2013  1,517  484  135  (21) Cash flow hedges 1,449  \u2013  \u2013  677  772  \u2013  (57) Non-hedge accounted 2,001  \u2013  \u2013  1,517  484  41  (4) Commodity contracts: Non-hedge accounted 179  85  60  34  \u2013  32  \u2013  34,397  7,060  8,199  16,216  2,922  379  (3,292) As described above, all derivative financial instruments are entered into for risk management purposes, although these may not b e  designated into hedging relationships for accounting purposes.  Currency analysis Foreign exchange contracts are denominated in the following currencies: Nominal\u2002amount\u2002of\u2002currencies\u2002purchased\u2002forward Sterling \u00a3m USD \u00a3m Euro \u00a3m Other \u00a3m Total \u00a3m At\u200231\u2002December\u20022022 Currencies sold forward: Sterling \u2013  4,321  45  146  4,512  USD 16,246  \u2013  1,578  253  18,077  Euro 30  160  \u2013  40  230  Other \u2013  8  17  \u2013  25  At 31 December 2021 Currencies sold forward: Sterling \u2013  5,479  \u2013  250  5,729  USD 19,916  \u2013  2,430  325  22,671  Euro \u2013  263  \u2013  46  309  Other 2  41  14  1  58  The nominal value of interest rate and commodity contracts are denominated in the following currencies: 2022 \u00a3m  2021 \u00a3m  Sterling 2,376  2,376 USD 1,629  1,600  Euro 1,665  1,654  20\u2002 Financial\u2002instruments\u2002\u2013\u2002continued Non-derivative financial instruments are denominated in the following currencies: Sterling \u00a3m USD \u00a3m Euro \u00a3m Other \u00a3m Total \u00a3m At\u200231\u2002December\u20022022 Other non-current investments 10  16  10  \u2013  36  Trade receivables and similar items 231  3,270  565  81  4,147  Other non-derivative financial assets 61  666  33  15  775  Other assets \u2013  24  11  \u2013  35  Short-term investments \u2013  \u2013  11  \u2013  11  Cash and cash equivalents 398  897  1,155  157  2,607  Assets 700  4,873  1,785  253  7,611  Borrowings (893) (1,627) (1,587) (1) (4,108) Lease liabilities (181) (1,401) (49) (216) (1,847) Financial RRSAs \u2013  (7) (15) \u2013  (22) Other liabilities (11) (90) \u2013  \u2013  (101) C Shares (24) \u2013  \u2013  \u2013  (24) Trade payables and similar items (690) (4,315) (675) (59) (5,739) Other non-derivative financial liabilities (271) (1,941) (129) (44) (2,385) Contract liabilities \u2013  (420) \u2013  \u2013  (420) Liabilities (2,070) (9,801) (2,455) (320) (14,646) (1,370) (4,928) (670) (67) (7,035) At 31 December 2021 Other non-current investments 12  23  1  \u2013  36  Trade receivables and similar items  176  2,776  450  64  3,466  Other non-derivative financial assets  17  640  30  18  705  Other assets \u2013  28  \u2013  \u2013  28  Short-term investments \u2013  \u2013  8  \u2013  8  Cash and cash equivalents  700  673  1,135  113  2,621  Assets 905  4,140  1,624  195  6,864  Borrowings (2,915) (1,518) (1,598) (1) (6,032) Lease liabilities (188) (1,300) (48) (208) (1,744) Financial RRSAs \u2013  \u2013  (12) \u2013  (12) Other liabilities (17) (58) \u2013  \u2013  (75) C Shares (25) \u2013  \u2013  \u2013  (25) Trade payables and similar items  1 (503) (3,399) (444) (63) (4,409) Other non-derivative financial liabilities  (287) (1,957) (113) (46) (2,403) Contract liabilities  \u2013  (264) \u2013  \u2013  ( 264) Liabilities (3,935) (8,496) (2,215) (318) (14,964) (3,030) (4,356) (591) (123) (8,100) 1  During the year, trade payables and similar items have been analysed in greater detail and consequently have been represented to include items previously classified as non-financial  instruments 20\u2002 Financial\u2002instruments\u2002\u2013\u2002continued Currency exposures The Group\u2019s actual currency exposures on financial instruments after taking account of derivative foreign currency contracts, which ar e not designated as hedging instruments for accounting purposes are as follows: Functional\u2002currency\u2002of\u2002Group\u2002operations Sterling \u00a3m USD \u00a3m Euro \u00a3m Other \u00a3m Total \u00a3m At\u200231\u2002December\u20022022 Sterling  \u2013  \u2013  1  4  5  USD (7) \u2013  (2) 7  (2 ) Euro (1) \u2013  \u2013  \u2013  (1 ) Other 108  26  86  \u2013  220  At 31 December 2021 Sterling  \u2013  1  1  (4) (2) USD (8) \u2013  \u2013  4  (4) Euro 1  (4) \u2013  3  \u2013  Other 82  14  51  2  149  Ageing beyond contractual due date of financial assets Within terms \u00a3m Up\u2002to three months overdue \u00a3m Between three months\u2002and one\u2002year overdue \u00a3m More\u2002than one\u2002year overdue \u00a3m Total \u00a3m At\u200231\u2002December\u20022022 Other non-current asset investments 36  \u2013  \u2013  \u2013  36  Trade receivables and similar items 3,646  219  169  113  4,147 Other non-derivative financial assets 755  9  10  1  775  Other assets 35  \u2013  \u2013  \u2013  35  Derivative financial assets 648  \u2013  \u2013  \u2013  648  Short-term investments 11  \u2013  \u2013  \u2013  11  Cash and cash equivalents 2,607  \u2013  \u2013  \u2013  2,607  7,738  228  179  114  8,259  At 31 December 2021 Other non-current asset investments 36  \u2013  \u2013  \u2013  36  Trade receivables and similar items 2,749  369  211  137  3,466  Other non-derivative financial assets 699  \u2013  5  1  705  Other assets 28  \u2013  \u2013  \u2013  28  Derivative financial assets 379  \u2013  \u2013  \u2013  379  Short-term investments 8  \u2013  \u2013  \u2013  8  Cash and cash equivalents  2,621  \u2013  \u2013  \u2013  2,621  6,520  369  216  138  7,243 20\u2002 Financial\u2002instruments\u2002\u2013\u2002continued Contractual maturity analysis of non-derivative financial liabilities Gross\u2002values Carrying\u2002value \u00a3m Within one\u2002year \u00a3m Between one\u2002and two\u2002years \u00a3m Between two\u2002and five\u2002years \u00a3m After five\u2002years \u00a3m At\u200231\u2002December\u20022022 Borrowings (168) (653) (3,612) (510) (4,108) Lease liabilities (435) (311) (886) (734) (1,847) Financial RRSAs (10) (7) (1) (5) (22) Other liabilities (15) (10) (30) (46) (101) C Shares (24) \u2013  \u2013  \u2013  (24) Trade payables and similar items (5,352) (147) (107) (133) (5,739) Other non-derivative financial liabilities (1,367) (427) (234) (357) (2,385) Contract liabilities (420) \u2013  \u2013  \u2013  (420) (7,791) (1,555) (4,870) (1,785) (14,646) At 31 December 2021 Borrowings (259) (265) (4,806) (1,849) (6,032) Lease liabilities (322) (261) (724) (852) (1,744) Financial RRSAs (6) (5) (2) \u2013  (12) Other liabilities (27) (9) (24) (15) (75) C Shares (25) \u2013  \u2013  \u2013  (25) Trade payables and similar items  1 (4,019) (33) (131) (226) (4,409) Other non-derivative financial liabilities  (1,812) (83) (207) (301) (2,403) Contract liabilities  (264) \u2013  \u2013  \u2013  (264) (6,734) (656) (5,894) (3,243) (14,964) 1  During the year trade payables and similar items have been analysed in greater detail and consequently have been represented to include items previously classified as non-financial  instruments. Expected maturity analysis of derivative financial instruments Gross\u2002values Carrying\u2002value \u00a3m Within one\u2002year \u00a3m Between one\u2002and two\u2002years \u00a3m Between two\u2002and five\u2002years \u00a3m After five\u2002years \u00a3m At\u200231\u2002December\u20022022 Derivative\u2002financial\u2002assets: Cash inflows 3,002  551  3,179  \u2013  Cash outflows (2,907) (540) (2,886) \u2013  Other net cash flows  1 131  90  98  7  226  101  391  7  648  Derivative\u2002financial\u2002liabilities: Cash inflows 6,658  4,238  8,290  722  Cash outflows (8,019) (5,162) (10,604) (745) Other net cash flows  1 (10) (10) (4) \u2013  (1,371) (934) (2,318) (23) (4,099) At 31 December 2021 Derivative financial assets: Cash inflows 840  1,051  3,145  456  Cash outflows (811) (1,017) (2,922) (445) Other net cash flows  1 26  27  43  2  55  61  266  13  379  Derivative financial liabilities: Cash inflows 6,246  7,198  11,441  1,987  Cash outflows (6,917) (8,022) (13,200) (2,314) Other net cash flows  1 (2) (1) \u2013 \u2013 (673) (825) (1,759) (327) (3,292) 1  Derivative financial assets and liabilities that are settled on a net cash basis 20\u2002 Financial\u2002instruments\u2002\u2013\u2002continued Interest rate risk In respect of income-earning financial assets and interest-bearing financial liabilities, the following table indicates their effective interest  rates. The value shown is the carrying amount before taking account of swaps. 2022 2021 Fixed\u2002rate \u00a3m Floating\u2002rate \u00a3m Total \u00a3m Fixed rate \u00a3m Floating rate \u00a3m Total \u00a3m Short-term investments \u2013  11  11  \u2013  8  8  Cash and cash equivalents  1 \u2013  2,607  2,607  \u2013  2,621  2,621  Borrowings (4,096) (12) (4,108) (4,041) (1,991) (6,032) Lease liabilities  (1,235) (612) (1,847) (1,084) (660) (1,744) (5,331) 1,994  (3,337) (5,125) (22) (5,147) Weighted average interest rates Borrowings 3.7%  4.7%  3.7%  4.1%  Lease liabilities  2 3.9%  6.3%  4.0%  2.0%  1  Cash and cash equivalents comprises bank balances and term deposits and earn interest based on short-term floating market interest rates  2  Interest rates for lease liabilities are considered to be the discount rates at the balance sheet date None (2021: \u00a38m (including borrowings classified as held for sale)) of the Group\u2019s borrowings are subject to the Group meeting certain  obligations, including customary financial covenants. There are no rating triggers contained in any of the Group\u2019s facilities that could require the Group to accelerate or repay any facility for a given movement in the Group\u2019s credit rating.  \u00a3111m (2021: \u00a399m) of the Group\u2019s lease liabilities include a customary loan-to-value covenant. The Group has several contractual cures available in the event the stipulated loan-to-value ratio is exceeded. Failure by the Group to satisfy its contractual obligations under the  covenant gives rights to the lessor to terminate its lease and claim termination amounts for the outstanding lease balance. At 31 December 2022 none (2021: none) of these were in breach.  Sensitivity analysis Sensitivities\u2002at\u200231\u2002December\u2002(all\u2002other\u2002variables\u2002held\u2002constant)\u2002\u2013\u2002impact\u2002on\u2002profit\u2002after\u2002taxation\u2002and\u2002equity 2022 \u00a3m  2021 \u00a3m  Sterling 10% weaker against the USD (1,600) (1,687) Sterling 10% stronger against the USD 1,309  1,382  Euro 10% weaker against the USD (46) (227 ) Euro 10% stronger against the USD 38  185  Sterling 10% weaker against the Euro (17) (1 5) Sterling 10% stronger against the Euro 14  12  Commodity prices 10% lower (21) (17) Commodity prices 10% higher 21  17  Interest rates 50 basis points lower (65) (67) Interest rates 50 basis points higher 64  65  C Shares and payments to shareholders The Company issues non-cumulative redeemable preference shares (C Shares) as an alternative to paying a cash dividend. C Shares in respect of a year are issued in the following year. Shareholders are able to redeem any number of their C Shares for cash. Any C Shares  retained attract a dividend of Bank of England base rate on the 0.1p nominal value of each share, paid on a twice-yearly basis, and have limited voting rights. The Company has the option to compulsorily redeem the C Shares, at any time, if the aggregate number of C Shares in issue is less than 10% of the aggregate number of C Shares issued, or on the acquisition or capital restructuring of the Company. Movements in issued and fully paid C Shares during the year were as follows: 2022 2021 Millions Nominal value \u00a3m  Millions Nominal value \u00a3m At 1 January 24,928  25  27,540  28  Redeemed (1,073) (1) (2,612) (3) At 31 December 23,855  24  24,928  25  Payments to shareholders represent the value of C Shares to be issued in respect of the results for the year. There have been no issues (2021: no issues) of C Shares declared in respect of the year to 31 December 2022. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-825": {
   "value": "Carrying values and fair values of financial instruments Notes Basis for determining  fair value Assets Liabilities Total FVPL \u00a3m FVOCI \u00a3m Amortised\u2002cost \u00a3m FVPL \u00a3m Other \u00a3m \u00a3m 2022 Other non-current asset investments 12 A  26  10  \u2013  \u2013  \u2013  36  Trade receivables and similar items 14 B/C  \u2013  10  4,137  \u2013  \u2013  4,147 Other non-derivative financial assets 14 B  \u2013 \u2013  775  \u2013  \u2013  775  Other assets D  35  \u2013  \u2013  \u2013  \u2013  35  Derivative financial assets  1 C  648  \u2013  \u2013  \u2013  \u2013  648  Short-term investments B  \u2013  \u2013  11  \u2013  \u2013  11  Cash and cash equivalents 16 B  34  \u2013  2,573  \u2013  \u2013  2,607  Borrowings 17 E/F  \u2013  \u2013  \u2013  \u2013  (4,108) (4,108) Lease liabilities 17 G  \u2013  \u2013  \u2013  \u2013  (1,847) (1,847) Derivative financial liabilities  1 C  \u2013  \u2013  \u2013  (4,099) \u2013  (4,099) Financial RRSAs H  \u2013  \u2013  \u2013  \u2013  (22) (22) Other liabilities H  \u2013  \u2013  \u2013  \u2013  (101) (101) C Shares B  \u2013  \u2013  \u2013  \u2013  (24) (24) Trade payables and similar items 19 B  \u2013  \u2013  \u2013  \u2013  (5,739) (5,739) Other non-derivative financial liabilities 19 B  \u2013  \u2013  \u2013  \u2013  (2,385) (2,385) Contract liabilities 15 B  \u2013  \u2013  \u2013  \u2013  (420) (420) 743  20  7,496  (4,099) (14,646) (10,486) 2021 Other non-current asset investments 12 A  36  \u2013  \u2013  \u2013  \u2013  36  Trade receivables and similar items  14 B/C  \u2013  17  3,449  \u2013  \u2013  3,466  Other non-derivative financial assets  14 B  \u2013  \u2013  705  \u2013  \u2013  705  Other assets D  28  \u2013  \u2013  \u2013  \u2013  28  Derivative financial assets  1 C  379  \u2013  \u2013  \u2013  \u2013  379  Short-term investments B  \u2013  \u2013  8  \u2013  \u2013  8  Cash and cash equivalents  16 B  49  \u2013  2,572  \u2013  \u2013  2,621  Borrowings 17 E/F  \u2013  \u2013  \u2013  \u2013  (6,032) (6,032) Lease liabilities 17 G  \u2013  \u2013  \u2013  \u2013  (1,744) (1,744) Derivative financial liabilities  1 C  \u2013  \u2013  \u2013  (3,292) \u2013  (3,292) Financial RRSAs H  \u2013  \u2013  \u2013  \u2013  (12) (12) Other H  \u2013  \u2013  \u2013  \u2013  (75) (75) C Shares B  \u2013  \u2013  \u2013  \u2013  (25) (25) Trade payables and similar items  2 19 B  \u2013  \u2013  \u2013  \u2013  (4,409) (4,409) Other non-derivative financial liabilities  19 B  \u2013  \u2013  \u2013  \u2013  (2,403) (2,403) Contract liabilities  15 B  \u2013  \u2013  \u2013  \u2013  (264) (264) 492  17  6,734  (3,292) (14,964) (11,013) 1  In the event of counterparty default relating to derivative financial assets and liabilities, offsetting would apply and financial assets and liabilities held with the same counterparty would  net off. If this occurred with every counterparty, total financial assets would be \u00a38m (2021: nil) and liabilities \u00a33,459m (2021: \u00a32,913m) 2  During the year trade payables and similar items have been analysed in greater detail and consequently have been represented to include items previously classified as non-financial  instruments Fair values equate to book values for both 2022 and 2021, with the following exceptions: Basis for  determining fair  value 2022 2021 Book\u2002value \u00a3m Fair\u2002value \u00a3m Book value \u00a3m Fair value \u00a3m Borrowings E  (4,095) (3,812) (4,038) (4,106) Borrowings F  (13) (15) (1,994) (2,122) Financial RRSAs H  (22) (22) (12) (13) The fair value of a financial instrument is the price at which an asset could be exchanged, or a liability settled, between knowledgeable,  willing parties in an arm\u2019s-length transaction. There have been no transfers during the year from or to Level 3 valuation. Fair values have  been determined with reference to available market information at the balance sheet date, using the methodologies described below.  A  These primarily comprise unconsolidated companies where fair value approximates to the book value. Listed investments are valued using Level 1 methodology  B  Fair values are assumed to approximate to cost either due to the short-term maturity of the instruments or because the interest rate of the investments is reset after periods not exceeding  six months. Money market funds are valued using Level 1 methodology  C  Fair values of derivative financial assets and liabilities and trade receivables held to collect or sell are estimated by discounting expected future contractual cash \ufb02ows using prevailing  interest rate curves. For commodity derivatives, forward commodity prices are used to determine expected future cash flows. Amounts denominated in foreign currencies are valued a t the exchange rate prevailing at the balance sheet date. These financial instruments are included on the balance sheet at fair value, derived from observable market prices (Level 2) D  Other assets are included on the balance sheet at fair value, derived from observable market prices or latest forecast (Level 2/Level 3). At 31 December 2022, Level 3 assets totalled \u00a325m  (2021: \u00a315m) E  Borrowings are carried at amortised cost. Amounts denominated in foreign currencies are valued at the exchange rate prevailing at the balance sheet date. The fair value of borrowings  is estimated using quoted prices (Level 1) F  Borrowings are carried at amortised cost. Amounts denominated in foreign currencies are valued at the exchange rate prevailing at the balance sheet date. The fair value of borrowings  is estimated by discounting contractual future cash flows (Level 2) G  The fair value of lease liabilities are estimated by discounting future contractual cash flows using either the interest rate implicit in the lease or the Group\u2019s incremental cost of borrowing  (Level 2) H  The fair value of RRSAs and other liabilities are estimated by discounting expected future cash flows. The contractual cash flows are based on future trading activity, which is estimated  based on latest forecasts (Level 3)  IFRS 13 Fair Value Measurement defines a three-level valuation hierarchy:  Level 1 \u2013 quoted prices for similar instruments;  Level 2 \u2013 directly observable market inputs other than Level 1 inputs; and  Level 3 \u2013 inputs not based on observable market data. Carrying values of other financial assets and liabilities Foreign\u2002exchange\u2002contracts \u00a3m Commodity\u2002contracts \u00a3m Interest\u2002rate\u2002contracts\u20021 \u00a3m Total\u2002derivatives\u2002\u00a3m Financial\u2002RRSAs \u00a3m Other \u00a3m C\u2002Shares \u00a3m Total \u00a3m 2022 Non-current assets 58  25  436  519  \u2013  23  \u2013  542  Current assets 87  40  2  129  \u2013  12  \u2013  141 Assets 145  65  438  648  \u2013  35  \u2013  683  Current liabilities (966) (1) (2) (969) (8) (15) (24) (1,016) Non-current liabilities (3,030) (2) (98) (3,130) (14) (86) \u2013  (3,230) Liabilities (3,996) (3) (100) (4,099) (22) (101) (24) (4,246) (3,851) 62  338  (3,451) (22) (66) (24) (3,563) 2021 Non-current assets 159  11  176  346  \u2013  15  \u2013  361  Current assets 12  21  \u2013  33  \u2013  13  \u2013  46  Assets 171  32  176  379  \u2013  28  \u2013  407  Current liabilities (629) \u2013  \u2013  (629) (7) (28) (25) (689) Non-current liabilities (2,581) \u2013  (82) (2,663) (5) (47) \u2013  (2,715) Liabilities (3,210) \u2013  (82) (3,292) (12) (75) (25) (3,404) (3,039) 32  94  (2,913) (12) (4 7) (25) (2,997) 1   Includes the foreign exchange impact of cross-currency interest rate swaps ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-805": {
   "value": "Carrying values of other financial assets and liabilities Foreign\u2002exchange\u2002contracts \u00a3m Commodity\u2002contracts \u00a3m Interest\u2002rate\u2002contracts\u20021 \u00a3m Total\u2002derivatives\u2002\u00a3m Financial\u2002RRSAs \u00a3m Other \u00a3m C\u2002Shares \u00a3m Total \u00a3m 2022 Non-current assets 58  25  436  519  \u2013  23  \u2013  542  Current assets 87  40  2  129  \u2013  12  \u2013  141 Assets 145  65  438  648  \u2013  35  \u2013  683  Current liabilities (966) (1) (2) (969) (8) (15) (24) (1,016) Non-current liabilities (3,030) (2) (98) (3,130) (14) (86) \u2013  (3,230) Liabilities (3,996) (3) (100) (4,099) (22) (101) (24) (4,246) (3,851) 62  338  (3,451) (22) (66) (24) (3,563) 2021 Non-current assets 159  11  176  346  \u2013  15  \u2013  361  Current assets 12  21  \u2013  33  \u2013  13  \u2013  46  Assets 171  32  176  379  \u2013  28  \u2013  407  Current liabilities (629) \u2013  \u2013  (629) (7) (28) (25) (689) Non-current liabilities (2,581) \u2013  (82) (2,663) (5) (47) \u2013  (2,715) Liabilities (3,210) \u2013  (82) (3,292) (12) (75) (25) (3,404) (3,039) 32  94  (2,913) (12) (4 7) (25) (2,997) 1   Includes the foreign exchange impact of cross-currency interest rate swaps ",
   "dimensions": {
    "concept": "rollsroyceholdings:DisclosureOfCarryingValuesOfOtherFinancialAssetsAndLiailities",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-826": {
   "value": "Derivative financial instruments The Group uses various financial instruments to manage its exposure to movements in foreign exchange rates. The Group uses commodity swaps to manage its exposure to movements in the price of commodities (jet fuel and base metals). To hedge the currency risk associated with a borrowing denominated in a foreign currency, the Group has currency derivatives designated as part of fair value or cash flow hedges. The Group uses interest rate swaps and forward rate agreements to manage its exposure to movements in interest rates. Movements in the fair values of derivative financial assets and liabilities were as follows: Foreign\u2002exchange\u2002instruments Commodity\u2002instruments Interest\u2002rate\u2002instruments\u2002 \u2013\u2002hedge\u2002accounted\u20021 Interest\u2002rate\u2002instruments\u2002 -\u2002non-hedge\u2002accounted Total 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m At 1 January (3,039) (2,871) 32  (11) 57 233  37  (57) (2,913) (2,706) Movements in fair value  hedges  \u2013  \u2013  \u2013  \u2013  (74) (143) \u2013  \u2013  (74) (143) Movements in cash flow  hedges (56) (13) \u2013 4 142  (2) \u2013 \u2013  86  (11) Movements in other  derivative contracts  2 (1,875) (681) 106 63  \u2013  \u2013  190  80  (1,579) (538) Contracts settled 1,119  538  (76) (9) \u2013 (31) (14) 14 1,029  512  Reclassification to held  for sale \u2013 (12) \u2013 (15) \u2013  \u2013  \u2013  \u2013  \u2013 (27) At 31 December (3,851) (3,039) 62  32  125  57  213  37  (3,451) (2,913) 1  Includes the foreign exchange impact of cross-currency interest rate swaps 2  Included in net financing Derivative financial instruments The nominal amounts, analysed by year of expected maturity, and fair values of derivative financial instruments are as follows:  Nominal amount \u00a3m Expected\u2002maturity Fair\u2002value Within one\u2002year \u00a3m Between one\u2002and two\u2002years \u00a3m Between two\u2002and five\u2002years \u00a3m After five\u2002years \u00a3m Assets \u00a3m Liabilities \u00a3m At\u200231\u2002December\u20022022 Foreign exchange contracts: Non-hedge accounted 22,844  9,539  4,180  8,898  227  145  (3,996 ) Interest rate contracts: Fair value hedges 2,001  \u2013  484  1,033  484  135  (97) Cash flow hedges 1,449  \u2013  \u2013  1,449  \u2013  89  (2 ) Non-hedge accounted 2,001  \u2013  484  1,033  484  214  (1 ) Commodity contracts: Non-hedge accounted 219  97  79  43  \u2013  65  (3) 28,514  9,636  5,227  12,456  1,195  648  (4,099) At 31 December 2021 Foreign exchange contracts: Non-hedge accounted 28,767  6,975  8,139  12,471  1,182  171  (3,210 ) Interest rate contracts: Fair value hedges 2,001  \u2013  \u2013  1,517  484  135  (21) Cash flow hedges 1,449  \u2013  \u2013  677  772  \u2013  (57) Non-hedge accounted 2,001  \u2013  \u2013  1,517  484  41  (4) Commodity contracts: Non-hedge accounted 179  85  60  34  \u2013  32  \u2013  34,397  7,060  8,199  16,216  2,922  379  (3,292) As described above, all derivative financial instruments are entered into for risk management purposes, although these may not b e  designated into hedging relationships for accounting purposes.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-827": {
   "value": "Financial RRSAs and other financial assets and liabilities The Group has financial liabilities arising from financial RRSAs. These financial liabilities are valued at each reporting date using the  amortised cost method. This involves calculating the present value of the forecast cash flows of the arrangements using the internal rate of return at the inception of the arrangements as the discount rate. Movements in the carrying values were as follows:  Financial\u2002RRSAs Other\u2002\u2013\u2002assets Other\u2002\u2013\u2002liabilities 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m At 1 January (12) (81) 15  15  (75) (73) Exchange adjustments included in OCI (2) 4 2  \u2013 (4) 4  Additions (6) \u2013 11  \u2013 (35) (9) Financing charge  1 \u2013  \u2013  \u2013  \u2013  (4) (1) Excluded from underlying profit/(loss): Changes in forecast payments  1 (7) (7) \u2013  \u2013  \u2013  \u2013  Cash paid 5  3  (3) \u2013 8  3  Other \u2013  \u2013  \u2013  \u2013  9  1  Reclassification to assets held for sale \u2013 69 \u2013  \u2013  \u2013  \u2013  At 31 December (22) (12) 25  15  (101) (75) 1  Included in financing ",
   "dimensions": {
    "concept": "rollsroyceholdings:DisclosureOfFinancialRRSAsAndOtherFinancialAssetsAndLiabilities",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-828": {
   "value": "Effect of hedging instruments on the financial position and performance  To manage the risk of changes in the fair values of fixed rate borrowings (the hedged items), the Group has entered into fixed-to-floating interest rate swaps (the hedging instruments), which, for accounting purposes, are designated as fair value hedges. The impact of fair value  hedges on the financial position and performance of the Group is as follows: Hedged\u2002item\u20021 Hedging\u2002instrument\u20022 Nominal \u00a3m FV  adjustment\u2002in\u2002the\u2002period \u00a3m FV  adjustment\u2002since\u2002inception \u00a3m Carrying\u2002amount \u00a3m Nominal \u00a3m Carrying\u2002amount\u2002asset \u00a3m Carrying\u2002amount\u2002liability \u00a3m FV  movement\u2002in\u2002the\u2002period \u00a3m Hedge\u2002ineffect- iveness\u2002in\u2002the\u2002period\u20023 \u00a3m Weighted\u2002average\u2002FX\u2002rate Weighted\u2002average\u2002interest\u2002rate At\u200231\u2002December\u20022022 Sterling  (375) 43  24  (351) 375  \u2013  (24) (43) \u2013  1.00  SONIA\u2002+\u20020.89  USD (658) (20) (143) (801) 658  134  \u2013  18  (2) 1.52  SONIA\u2002+\u20021.47 Euro (968) 49  52  (916) 968  \u2013  (72) (51) (2) 1.14 SONIA\u2002+\u20020.92 At 31 December 2021 Sterling (375) 27  (19) (394) 375  19  \u2013  (27) \u2013  1.00  SONIA +  0.89  USD (658) 19  (125) (781) 658  116  \u2013  (20) (1) 1.52  SONIA +  1.47  Euro (968) 91  1  (965) 968  \u2013  (21) (90) 1  1.14  SONIA +  0.92 1  Hedged items are included in borrowings in the balance sheet 2  Hedging instruments are included in other financial assets or liabilities in the balance sheet 3  Hedge ineffectiveness is included in net financing in the income statement To manage the foreign exchange rate risk in cash flows on fixed rate non-GBP borrowings (the hedged items), the Group has entered into fixed-to-fixed cross-currency interest rate swaps (the hedging instruments) to hedge the cash flows into GBP, which, for accounting  purposes, are designated as cash flow hedges.  During the year to 31 December 2022, the Group entered into deal contingent forwards with a nominal amount of \u20ac1,500m to manage the foreign exchange risk in Euro proceeds expected from the disposal of ITP Aero (hedged item). These contracts were designated as the  hedging instrument in cash flow hedges with hedge ratio of 1:1. At inception, the existence of an economic relationship between the hedged item and the hedging instrument is verified. Both the spot component and the contingent element were designated as the hedging instrument. At deal completion, these contracts had a fair value of \u00a3(56)m, based on the weighted average foreign exchange rate of 1.1992. \u00a352m was reclassified to loss on disposal in the income statement from hedging reserves (\u00a362m from hedging reserve and \u00a3(10)m from cost of hedging reserve). There was ineffectiveness of \u00a34m recognised in net financing during the year. The forward element and basis were excluded from  the hedging instrument designation and separately accounted for in the equity reserve for cost of hedging. The impact of cash flow hedges on the financial position and performance of the Group is as follows: Hedged\u2002item\u2002 Hedging\u2002instrument\u20021 Hedging\u2002reserves Nominal \u00a3m FV  movement\u2002in\u2002the\u2002period \u00a3m Nominal \u00a3m Carrying\u2002amount\u2002asset/ (liability) \u00a3m FV  movement\u2002in\u2002the\u2002period \u00a3m Hedge\u2002ineffect- iveness\u2002in\u2002the\u2002period\u2002\u00a3m Weighted\u2002average\u2002FX\u2002rate Weighted\u2002average\u2002interest\u2002rate Amount\u2002recognised\u2002in\u2002OCI \u00a3m Recycled\u2002to\u2002net\u2002financing \u00a3m Closing\u2002cash\u2002flow\u2002hedge\u2002reserve \u00a3m At\u200231\u2002December\u20022022 USD (772) (104) 772  89  109  5  1.29  5.33  (111) 96 (25) Euro (677) (35) 677  (2) 35  \u2013  1.11  5.45  (27) 28  (9) At 31 December 2021 USD (772) (35) 772  (20) 35  \u2013  1.29  5.33 (36) 10  (10) Euro (677) 32  677  (37) (32) (1) 1.11  5.45 39  (51) (10) 1  Hedging instruments are included in other financial assets or liabilities in the balance sheet ",
   "dimensions": {
    "concept": "rollsroyceholdings:DisclosureOfEffectOfHedgingInstrumentsOnTheFinancialPositionAndPerformance",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-829": {
   "value": "Risk management policies and hedging activities  The principal financial risks to which the Group is exposed are: foreign currency exchange rate risk; liquidity risk; credit risk; interest rate risk; and commodity price risk. The Board has approved policies for the management of these risks. Foreign\u2002currency\u2002exchange\u2002rate\u2002risk\u2002\u2013 The Group has significant cash flows (most significantly USD, followed by the euro) denominated in currencies other than the functional currency of the relevant trading entity. To manage its exposures to changes in values of future foreign currency cash flows, so as to maintain relatively stable long-term foreign exchange rates on settled transactions, the Group enters into  derivative forward foreign currency transactions. During the year, the Board approved a revised FX hedging policy reducing the time horizon from 10 years to 5 years. The Group  economically hedges its GBP/USD exposure by forecasting highly probable net USD receipts up to five years forward. Hedges are taken out within prescribed maximum and minimum hedge positions set out in the Group FX Policy. Transition of the existing hedge book to  the levels stated with the new policy will be completed in the near term. The maximum and minimum policy bands decline gradually over  the five-year horizon and are calculated as a percentage of forecast net income. A similar policy is operated for the Group\u2019s EUR/USD  exposure. For accounting purposes, these derivative contracts are not designated in hedging relationships. The Group also has exposures to cash flows on EUR and USD denominated fixed rate borrowings. To manage its exposures to changes  in values of future foreign currency cash flows, the Group has entered into fixed-to-fixed cross-currency interest rate swaps, which, for  accounting purposes, are designated as cash flow hedges. The swaps have similar critical terms to the hedged items, such as the initial exchange amounts, payment dates and maturities. Therefore, there is an economic relationship and the hedge ratio is established as 1:1. Possible sources of ineffectiveness in the cash flow hedge relationship are changes in the credit risk of either party to the interest rate  swap. Another possible source of ineffectiveness would be if the notional of the borrowings is less than the notional of the derivative, for example, in the event of a partial repayment of hedged debt prior to its maturity.  The Group regards its interests in overseas subsidiary companies as long-term investments. The Group aims to match its translational exposures by matching the currencies of assets and liabilities.  Liquidity\u2002risk\u2002\u2013 The Group\u2019s policy is to hold financial investments and maintain undrawn committed facilities at a level sufficient to ensure that the Group has available funds to meet its medium-term capital and funding obligations and to meet any unforeseen obligations and  opportunities. The Group holds cash and short-term investments, which, together with the undrawn committed facilities, enable the Group  to manage its liquidity risk. Credit\u2002risk\u2002\u2013 The Group is exposed to credit risk to the extent of non-payment by either its customers or the counterparties of its financial  instruments. The effective monitoring and controlling of credit risk is a key component of the Group\u2019s risk management activities. The Group has credit policies covering both trading and financial exposures. Credit risks arising from treasury activities are managed by a  central treasury function in accordance with the Group credit policy. The objective of the policy is to diversify and minimise the Group\u2019s  exposure to credit risk from its treasury activities by ensuring the Group transacts strictly with \u2018BBB\u2019 or higher rated financial institutions based on pre-established limits per financial institution. At the balance sheet date, there were no significant concentrations of credit risk to individual customers or counterparties. The Group\u2019s revenue is generated from customers located across multiple geographical locations (see note 2). These customers are typically: airframers and airline operators relating to Civil Aerospace; government defence  departments for the UK and US; and multiple smaller entities for Power Systems. Whilst there are a limited number of customers related to Civil Aerospace and Defence, they are spread across various geographical locations. The maximum exposure to credit risk at the balance  sheet date is represented by the carrying value of each financial asset, including derivative financial instruments. Interest\u2002rate\u2002risk\u2002\u2013 The Group\u2019s interest rate risk is primarily in relation to its fixed rate borrowings (fair value risk), floating rate borrowings and cash and cash equivalents (cash flow risk). Interest rate derivatives are used to manage the overall interest rate profile of the Group.  The fixed or floating rate interest rate decision on long-term borrowings is determined for each new agreement at the point it is entered  into. The aggregate interest rate position of the Group is reviewed regularly and can be revised at any time in order to react to changes  in market conditions or circumstances. The Group also has exposures to the fair values of non-derivative financial instruments such as EUR, GBP and USD fixed rate borrowings. To manage the risk of changes in these fair values, the Group has entered into fixed-to-floating interest rate swaps and cross-currency interest rate swaps, which, for accounting purposes, are designated as fair value hedges. The swaps have similar critical terms to the  hedged items, such as the reference rate, reset dates, notional amounts, payment dates and maturities. Therefore, there is an economic  relationship and the hedge ratio is established as 1:1. Possible sources of ineffectiveness in the fair value hedge relationship are changes  in the credit risk of either party to the interest rate swap and, for cross-currency interest rate swaps, the cross-currency basis risk as this risk is present in the hedging instrument only. Another possible source of ineffectiveness would be if the notional of the borrowings is less than the notional of the derivative, for example in the event of a partial repayment of hedged debt prior to its maturity. The Group has exposure to changes in cash flows due to changes in interest rates. To manage this risk the Group has entered into floating- to-fixed interest rate swaps to hedge a proportion of its floating rate exposure to fixed rates. The swaps have similar critical terms to the  floating leg of swaps that form part of the fair value hedges, such as the reference rate, reset dates, notional amounts, payment dates and  maturities. For accounting purposes, these derivative contracts are generally not designated as hedging instruments. Commodity\u2002price\u2002risk\u2002\u2013 The Group has exposures to the price of jet fuel and base metals arising from business operations. To minimise its cash flow exposures to changes in commodity prices, the Group enters into derivative commodity transactions. The commodity hedging policy is similar to the Group FX policy, in that the Group forecasts highly probable exposures to commodities, and takes out hedges within prescribed maximum and minimum levels as set out in the policy. The maximum and minimum policy bands decline gradually over time. For accounting purposes, these derivative contracts are generally not designated in hedging relationships. Other\u2002price\u2002risk\u2002\u2013 The Group\u2019s cash equivalent balances represent investments in money-market instruments, with a term of up to three months. The Group does not consider that these are subject to significant price risk. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-844": {
   "value": "Liquidity\u2002risk\u2002\u2013 The Group\u2019s policy is to hold financial investments and maintain undrawn committed facilities at a level sufficient to ensure that the Group has available funds to meet its medium-term capital and funding obligations and to meet any unforeseen obligations and  opportunities. The Group holds cash and short-term investments, which, together with the undrawn committed facilities, enable the Group  to manage its liquidity risk. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-845": {
   "value": "Credit\u2002risk\u2002\u2013 The Group is exposed to credit risk to the extent of non-payment by either its customers or the counterparties of its financial  instruments. The effective monitoring and controlling of credit risk is a key component of the Group\u2019s risk management activities. The Group has credit policies covering both trading and financial exposures. Credit risks arising from treasury activities are managed by a  central treasury function in accordance with the Group credit policy. The objective of the policy is to diversify and minimise the Group\u2019s  exposure to credit risk from its treasury activities by ensuring the Group transacts strictly with \u2018BBB\u2019 or higher rated financial institutions based on pre-established limits per financial institution. At the balance sheet date, there were no significant concentrations of credit risk to individual customers or counterparties. The Group\u2019s revenue is generated from customers located across multiple geographical locations (see note 2). These customers are typically: airframers and airline operators relating to Civil Aerospace; government defence  departments for the UK and US; and multiple smaller entities for Power Systems. Whilst there are a limited number of customers related to Civil Aerospace and Defence, they are spread across various geographical locations. The maximum exposure to credit risk at the balance  sheet date is represented by the carrying value of each financial asset, including derivative financial instruments. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-846": {
   "value": "Interest\u2002rate\u2002risk\u2002\u2013 The Group\u2019s interest rate risk is primarily in relation to its fixed rate borrowings (fair value risk), floating rate borrowings and cash and cash equivalents (cash flow risk). Interest rate derivatives are used to manage the overall interest rate profile of the Group.  The fixed or floating rate interest rate decision on long-term borrowings is determined for each new agreement at the point it is entered  into. The aggregate interest rate position of the Group is reviewed regularly and can be revised at any time in order to react to changes  in market conditions or circumstances. The Group also has exposures to the fair values of non-derivative financial instruments such as EUR, GBP and USD fixed rate borrowings. To manage the risk of changes in these fair values, the Group has entered into fixed-to-floating interest rate swaps and cross-currency interest rate swaps, which, for accounting purposes, are designated as fair value hedges. The swaps have similar critical terms to the  hedged items, such as the reference rate, reset dates, notional amounts, payment dates and maturities. Therefore, there is an economic  relationship and the hedge ratio is established as 1:1. Possible sources of ineffectiveness in the fair value hedge relationship are changes  in the credit risk of either party to the interest rate swap and, for cross-currency interest rate swaps, the cross-currency basis risk as this risk is present in the hedging instrument only. Another possible source of ineffectiveness would be if the notional of the borrowings is less than the notional of the derivative, for example in the event of a partial repayment of hedged debt prior to its maturity. The Group has exposure to changes in cash flows due to changes in interest rates. To manage this risk the Group has entered into floating- to-fixed interest rate swaps to hedge a proportion of its floating rate exposure to fixed rates. The swaps have similar critical terms to the  floating leg of swaps that form part of the fair value hedges, such as the reference rate, reset dates, notional amounts, payment dates and  maturities. For accounting purposes, these derivative contracts are generally not designated as hedging instruments. Commodity\u2002price\u2002risk\u2002\u2013 The Group has exposures to the price of jet fuel and base metals arising from business operations. To minimise its cash flow exposures to changes in commodity prices, the Group enters into derivative commodity transactions. The commodity hedging policy is similar to the Group FX policy, in that the Group forecasts highly probable exposures to commodities, and takes out hedges within prescribed maximum and minimum levels as set out in the policy. The maximum and minimum policy bands decline gradually over time. For accounting purposes, these derivative contracts are generally not designated in hedging relationships. Other\u2002price\u2002risk\u2002\u2013 The Group\u2019s cash equivalent balances represent investments in money-market instruments, with a term of up to three months. The Group does not consider that these are subject to significant price risk. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-830": {
   "value": "Currency analysis Foreign exchange contracts are denominated in the following currencies: Nominal\u2002amount\u2002of\u2002currencies\u2002purchased\u2002forward Sterling \u00a3m USD \u00a3m Euro \u00a3m Other \u00a3m Total \u00a3m At\u200231\u2002December\u20022022 Currencies sold forward: Sterling \u2013  4,321  45  146  4,512  USD 16,246  \u2013  1,578  253  18,077  Euro 30  160  \u2013  40  230  Other \u2013  8  17  \u2013  25  At 31 December 2021 Currencies sold forward: Sterling \u2013  5,479  \u2013  250  5,729  USD 19,916  \u2013  2,430  325  22,671  Euro \u2013  263  \u2013  46  309  Other 2  41  14  1  58  The nominal value of interest rate and commodity contracts are denominated in the following currencies: 2022 \u00a3m  2021 \u00a3m  Sterling 2,376  2,376 USD 1,629  1,600  Euro 1,665  1,654  Non-derivative financial instruments are denominated in the following currencies: Sterling \u00a3m USD \u00a3m Euro \u00a3m Other \u00a3m Total \u00a3m At\u200231\u2002December\u20022022 Other non-current investments 10  16  10  \u2013  36  Trade receivables and similar items 231  3,270  565  81  4,147  Other non-derivative financial assets 61  666  33  15  775  Other assets \u2013  24  11  \u2013  35  Short-term investments \u2013  \u2013  11  \u2013  11  Cash and cash equivalents 398  897  1,155  157  2,607  Assets 700  4,873  1,785  253  7,611  Borrowings (893) (1,627) (1,587) (1) (4,108) Lease liabilities (181) (1,401) (49) (216) (1,847) Financial RRSAs \u2013  (7) (15) \u2013  (22) Other liabilities (11) (90) \u2013  \u2013  (101) C Shares (24) \u2013  \u2013  \u2013  (24) Trade payables and similar items (690) (4,315) (675) (59) (5,739) Other non-derivative financial liabilities (271) (1,941) (129) (44) (2,385) Contract liabilities \u2013  (420) \u2013  \u2013  (420) Liabilities (2,070) (9,801) (2,455) (320) (14,646) (1,370) (4,928) (670) (67) (7,035) At 31 December 2021 Other non-current investments 12  23  1  \u2013  36  Trade receivables and similar items  176  2,776  450  64  3,466  Other non-derivative financial assets  17  640  30  18  705  Other assets \u2013  28  \u2013  \u2013  28  Short-term investments \u2013  \u2013  8  \u2013  8  Cash and cash equivalents  700  673  1,135  113  2,621  Assets 905  4,140  1,624  195  6,864  Borrowings (2,915) (1,518) (1,598) (1) (6,032) Lease liabilities (188) (1,300) (48) (208) (1,744) Financial RRSAs \u2013  \u2013  (12) \u2013  (12) Other liabilities (17) (58) \u2013  \u2013  (75) C Shares (25) \u2013  \u2013  \u2013  (25) Trade payables and similar items  1 (503) (3,399) (444) (63) (4,409) Other non-derivative financial liabilities  (287) (1,957) (113) (46) (2,403) Contract liabilities  \u2013  (264) \u2013  \u2013  ( 264) Liabilities (3,935) (8,496) (2,215) (318) (14,964) (3,030) (4,356) (591) (123) (8,100) 1  During the year, trade payables and similar items have been analysed in greater detail and consequently have been represented to include items previously classified as non-financial  instruments ",
   "dimensions": {
    "concept": "rollsroyceholdings:DisclosureOfCurrencyAnalysis",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-831": {
   "value": "Currency exposures The Group\u2019s actual currency exposures on financial instruments after taking account of derivative foreign currency contracts, which ar e not designated as hedging instruments for accounting purposes are as follows: Functional\u2002currency\u2002of\u2002Group\u2002operations Sterling \u00a3m USD \u00a3m Euro \u00a3m Other \u00a3m Total \u00a3m At\u200231\u2002December\u20022022 Sterling  \u2013  \u2013  1  4  5  USD (7) \u2013  (2) 7  (2 ) Euro (1) \u2013  \u2013  \u2013  (1 ) Other 108  26  86  \u2013  220  At 31 December 2021 Sterling  \u2013  1  1  (4) (2) USD (8) \u2013  \u2013  4  (4) Euro 1  (4) \u2013  3  \u2013  Other 82  14  51  2  149 ",
   "dimensions": {
    "concept": "rollsroyceholdings:DisclosureOfCurrencyExposures",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-832": {
   "value": "Ageing beyond contractual due date of financial assets Within terms \u00a3m Up\u2002to three months overdue \u00a3m Between three months\u2002and one\u2002year overdue \u00a3m More\u2002than one\u2002year overdue \u00a3m Total \u00a3m At\u200231\u2002December\u20022022 Other non-current asset investments 36  \u2013  \u2013  \u2013  36  Trade receivables and similar items 3,646  219  169  113  4,147 Other non-derivative financial assets 755  9  10  1  775  Other assets 35  \u2013  \u2013  \u2013  35  Derivative financial assets 648  \u2013  \u2013  \u2013  648  Short-term investments 11  \u2013  \u2013  \u2013  11  Cash and cash equivalents 2,607  \u2013  \u2013  \u2013  2,607  7,738  228  179  114  8,259  At 31 December 2021 Other non-current asset investments 36  \u2013  \u2013  \u2013  36  Trade receivables and similar items 2,749  369  211  137  3,466  Other non-derivative financial assets 699  \u2013  5  1  705  Other assets 28  \u2013  \u2013  \u2013  28  Derivative financial assets 379  \u2013  \u2013  \u2013  379  Short-term investments 8  \u2013  \u2013  \u2013  8  Cash and cash equivalents  2,621  \u2013  \u2013  \u2013  2,621  6,520  369  216  138  7,243 ",
   "dimensions": {
    "concept": "rollsroyceholdings:DisclosureOfAgeingBeyondContractualDueDateOfFinancialAssets",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-833": {
   "value": "Contractual maturity analysis of non-derivative financial liabilities Gross\u2002values Carrying\u2002value \u00a3m Within one\u2002year \u00a3m Between one\u2002and two\u2002years \u00a3m Between two\u2002and five\u2002years \u00a3m After five\u2002years \u00a3m At\u200231\u2002December\u20022022 Borrowings (168) (653) (3,612) (510) (4,108) Lease liabilities (435) (311) (886) (734) (1,847) Financial RRSAs (10) (7) (1) (5) (22) Other liabilities (15) (10) (30) (46) (101) C Shares (24) \u2013  \u2013  \u2013  (24) Trade payables and similar items (5,352) (147) (107) (133) (5,739) Other non-derivative financial liabilities (1,367) (427) (234) (357) (2,385) Contract liabilities (420) \u2013  \u2013  \u2013  (420) (7,791) (1,555) (4,870) (1,785) (14,646) At 31 December 2021 Borrowings (259) (265) (4,806) (1,849) (6,032) Lease liabilities (322) (261) (724) (852) (1,744) Financial RRSAs (6) (5) (2) \u2013  (12) Other liabilities (27) (9) (24) (15) (75) C Shares (25) \u2013  \u2013  \u2013  (25) Trade payables and similar items  1 (4,019) (33) (131) (226) (4,409) Other non-derivative financial liabilities  (1,812) (83) (207) (301) (2,403) Contract liabilities  (264) \u2013  \u2013  \u2013  (264) (6,734) (656) (5,894) (3,243) (14,964) 1  During the year trade payables and similar items have been analysed in greater detail and consequently have been represented to include items previously classified as non-financial  instruments. ",
   "dimensions": {
    "concept": "rollsroyceholdings:DisclosureOfContractualMaturityAnalysisOfNonDerivativeFinancialLiabilities",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-834": {
   "value": "Expected maturity analysis of derivative financial instruments Gross\u2002values Carrying\u2002value \u00a3m Within one\u2002year \u00a3m Between one\u2002and two\u2002years \u00a3m Between two\u2002and five\u2002years \u00a3m After five\u2002years \u00a3m At\u200231\u2002December\u20022022 Derivative\u2002financial\u2002assets: Cash inflows 3,002  551  3,179  \u2013  Cash outflows (2,907) (540) (2,886) \u2013  Other net cash flows  1 131  90  98  7  226  101  391  7  648  Derivative\u2002financial\u2002liabilities: Cash inflows 6,658  4,238  8,290  722  Cash outflows (8,019) (5,162) (10,604) (745) Other net cash flows  1 (10) (10) (4) \u2013  (1,371) (934) (2,318) (23) (4,099) At 31 December 2021 Derivative financial assets: Cash inflows 840  1,051  3,145  456  Cash outflows (811) (1,017) (2,922) (445) Other net cash flows  1 26  27  43  2  55  61  266  13  379  Derivative financial liabilities: Cash inflows 6,246  7,198  11,441  1,987  Cash outflows (6,917) (8,022) (13,200) (2,314) Other net cash flows  1 (2) (1) \u2013 \u2013 (673) (825) (1,759) (327) (3,292) 1  Derivative financial assets and liabilities that are settled on a net cash basis ",
   "dimensions": {
    "concept": "rollsroyceholdings:DisclosureOfExpectedMaturityAnalysisOfDerivativeFinancialInstruments",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-835": {
   "value": "Interest rate risk In respect of income-earning financial assets and interest-bearing financial liabilities, the following table indicates their effective interest  rates. The value shown is the carrying amount before taking account of swaps. 2022 2021 Fixed\u2002rate \u00a3m Floating\u2002rate \u00a3m Total \u00a3m Fixed rate \u00a3m Floating rate \u00a3m Total \u00a3m Short-term investments \u2013  11  11  \u2013  8  8  Cash and cash equivalents  1 \u2013  2,607  2,607  \u2013  2,621  2,621  Borrowings (4,096) (12) (4,108) (4,041) (1,991) (6,032) Lease liabilities  (1,235) (612) (1,847) (1,084) (660) (1,744) (5,331) 1,994  (3,337) (5,125) (22) (5,147) Weighted average interest rates Borrowings 3.7%  4.7%  3.7%  4.1%  Lease liabilities  2 3.9%  6.3%  4.0%  2.0%  1  Cash and cash equivalents comprises bank balances and term deposits and earn interest based on short-term floating market interest rates  2  Interest rates for lease liabilities are considered to be the discount rates at the balance sheet date None (2021: \u00a38m (including borrowings classified as held for sale)) of the Group\u2019s borrowings are subject to the Group meeting certain  obligations, including customary financial covenants. There are no rating triggers contained in any of the Group\u2019s facilities that could require the Group to accelerate or repay any facility for a given movement in the Group\u2019s credit rating.  \u00a3111m (2021: \u00a399m) of the Group\u2019s lease liabilities include a customary loan-to-value covenant. The Group has several contractual cures available in the event the stipulated loan-to-value ratio is exceeded. Failure by the Group to satisfy its contractual obligations under the  covenant gives rights to the lessor to terminate its lease and claim termination amounts for the outstanding lease balance. At 31 December 2022 none (2021: none) of these were in breach.  ",
   "dimensions": {
    "concept": "rollsroyceholdings:DisclosureOfInterestRateRisk",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-836": {
   "value": "Sensitivity analysis Sensitivities\u2002at\u200231\u2002December\u2002(all\u2002other\u2002variables\u2002held\u2002constant)\u2002\u2013\u2002impact\u2002on\u2002profit\u2002after\u2002taxation\u2002and\u2002equity 2022 \u00a3m  2021 \u00a3m  Sterling 10% weaker against the USD (1,600) (1,687) Sterling 10% stronger against the USD 1,309  1,382  Euro 10% weaker against the USD (46) (227 ) Euro 10% stronger against the USD 38  185  Sterling 10% weaker against the Euro (17) (1 5) Sterling 10% stronger against the Euro 14  12  Commodity prices 10% lower (21) (17) Commodity prices 10% higher 21  17  Interest rates 50 basis points lower (65) (67) Interest rates 50 basis points higher 64  65 ",
   "dimensions": {
    "concept": "rollsroyceholdings:DisclosureOfSensitivityAnalysis",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-837": {
   "value": "C Shares and payments to shareholders The Company issues non-cumulative redeemable preference shares (C Shares) as an alternative to paying a cash dividend. C Shares in respect of a year are issued in the following year. Shareholders are able to redeem any number of their C Shares for cash. Any C Shares  retained attract a dividend of Bank of England base rate on the 0.1p nominal value of each share, paid on a twice-yearly basis, and have limited voting rights. The Company has the option to compulsorily redeem the C Shares, at any time, if the aggregate number of C Shares in issue is less than 10% of the aggregate number of C Shares issued, or on the acquisition or capital restructuring of the Company. Movements in issued and fully paid C Shares during the year were as follows: 2022 2021 Millions Nominal value \u00a3m  Millions Nominal value \u00a3m At 1 January 24,928  25  27,540  28  Redeemed (1,073) (1) (2,612) (3) At 31 December 23,855  24  24,928  25  Payments to shareholders represent the value of C Shares to be issued in respect of the results for the year. There have been no issues (2021: no issues) of C Shares declared in respect of the year to 31 December 2022. ",
   "dimensions": {
    "concept": "rollsroyceholdings:DisclosureOfCSharesAndPaymentsToShareholders",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-806": {
   "value": "21\u2002 Provisions\u2002for\u2002liabilities\u2002and\u2002charges At 31 December\u20022021 as  previously\u2002reported \u00a3m On adoption  of amendment  to IAS 37 \u00a3m At  1 January 2022 \u00a3m Charged  to income statement  1 \u00a3m Reversed \u00a3m Utilised \u00a3m Exchange  differences \u00a3m At 31 December\u20022022 \u00a3m Contract losses 845  723  1,568  520  (395) (106) 5  1,592  Warranty and guarantees  305  \u2013 305 98  (20) (87) 21  317 Trent 1000 wastage costs 157  \u2013 157 106  \u2013 (84) \u2013 179 Insurance 52  \u2013 52 15  (20) (7) \u2013 40 Employer liability claims 47  \u2013 47 3  (14) (3) \u2013 33 Restructuring 21  \u2013 21 \u2013 (10) (6) 1 6  Customer financing 17  \u2013 17 \u2013 (7) (10) \u2013 \u2013  Tax related interest and penalties 14  \u2013 14 3  (2) \u2013 1  16  Other 124  \u2013 124 47  (18) (7) 4  150  1,582  723  2,305  792  (486) (310) 32  2,333  Current liabilities 475  513  632  Non-current liabilities 1,107  1,792  1,701 1  The charge to the income statement includes \u00a333m (2021: \u00a332m) as a result of the unwinding of the discounting of provisions previously recognised  Contract losses Provisions for contract losses are recorded when the direct costs to fulfil a contract are assessed as being greater than the expected  revenue. As a result of the amendment to IAS 37 for Onerous Contracts, from 1 January 2022 provisions for contract losses have been measured on a fully costed basis resulting in a \u00a3723m increase of the total contract loss provision as at 1 January 2022 (see note 1 for  details). During the year, additional contract losses for the Group of \u00a3520m have been recognised as a result of changes in future cost estimates, primarily in relation to LTSA shop visits, exchange rate movements and also includes \u00a3157m which arose from the sale of ITP Aero resulting in the recognition of additional costs which were previously eliminated on consolidation. Contract losses of \u00a3395m previously recognised have been reversed following improvements to cost estimates across various large engine programmes as a result of operational  improvements and updates to the discount rate. The Group continues to monitor the contract loss provision for changes in the market and revises the provision as required. The value of the remaining contract loss provisions reflect, in each case, the single most likely outcome. The provisions are expected to be utilised over the term of the customer contracts, typically within 8 to 16 years. Warranty and guarantees Provisions for warranty and guarantees primarily relate to products sold and are calculated based on an assessment of the remediation  costs related to future claims based on past experience. The provision generally covers a period of up to three years. Trent 1000 wastage costs In November 2019, the Group announced the outcome of testing and a thorough technical and financial review of the Trent 1000 TEN programme, following technical issues which were identified in 2019, resulting in a revised timeline and a more conservative estimate of  durability for the improved HP turbine blade for the TEN variant. During the year, the Group has utilised \u00a384m of the Trent 1000 wastage costs provision. This represents customer disruption costs and remediation shop visit costs. During the year, additional Trent 1000 costs  of \u00a3106m relating to wastage have been recognised reflecting delays in certification which have led to revised cost and timing estimates.  The value of the remaining provision reflects the single most likely outcome and is expected to be utilised over the period 2023-2024. Insurance The Group\u2019s captive insurance company retains a portion of the exposures it insures on behalf of the remainder of the Group, which include policies for aviation claims, employer liabilities and healthcare claims. Significant delays can occur in the notification and settlement of claims, and judgement is involved in assessing outstanding liabilities, the ultimate cost and timing of which cannot be known with certainty at the balance sheet date. The insurance provisions are based on information currently available, however, it is inherent in the nature of  the business that ultimate liabilities may vary if the frequency or severity of claims differs from estimated. Provisions for outstanding claims  are established to cover the outstanding expected liability as well as claims incurred but not yet reported. Employer liability claims The provision relating to employer healthcare liability claims is as a result of an historical insolvency of the previous provider and is expected to be utilised over the next 30 years. Customer financing Customer financing provisions are made to cover guarantees provided for asset value and/or financing where it is probable that a payment will be made. These are reported on a discounted basis at the Group\u2019s borrowing rate to better reflect the time span over which these exposures could arise. The values of aircraft providing security are based on advice from a specialist aircraft appraiser. There were no  provisions for Customer financing provisions at 31 December 2022 (2021: \u00a317m). The Group has contingent liabilities for customer financing arrangements where the payment is not probable. See note 25. 21\u2002 Provisions\u2002for\u2002liabilities\u2002and\u2002charges\u2002\u2013\u2002continued Tax related interest and penalties Provisions for tax related interest and penalties relate to uncertain tax positions in some of the jurisdictions in which the Group operates. Utilisation of the provisions will depend on the timing of resolution of the issues with the relevant tax authorities. Other During the year, \u00a347m of other provisions have been charged to the income statement. The items that make up the charge in the year are  individually immaterial and predominately relate to claims. At 31 December 2022, other provisions includes those items, as well as others  (predominantly supplier claims), where the related legal proceedings are ongoing and utilisation will depend upon their resolution. The  value of the provision reflects the single most likely outcome in each case.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-807": {
   "value": "22\u2002 Post-retirement\u2002benefits The Group operates a number of defined benefit and defined contribution schemes:  \u2014 The UK defined benefit scheme is funded, with the assets held in a separate UK trust. The scheme closed to future accrual on 31 December 2020 for all active members and there are no new defined benefit accruals in the UK scheme. As at 31 December 2022 the scheme was estimated to be funded at 109% on the Technical Provisions basis.   \u2014 The Group also operates a large trust-based defined contribution scheme for current employees in the UK (RRRST). Pension contributions are generally paid as a salary sacrifice under which employees agree to a reduction in gross contractual pay in return for the Group  making additional pension contributions on their behalf. As a result, there is a decrease in wages and salaries and a corresponding increase in pension costs of \u00a346m (2021: \u00a345m) in the year.  \u2014 Overseas defined benefit schemes are a mixture of funded and unfunded plans and provide benefits in line with local practice.  Additionally, in the US, and to a lesser extent in some other countries, the Group\u2019s employment practices include the provision of healthcare and life insurance benefits for retired employees. These healthcare schemes are unfunded. The valuations of the defined benefit schemes are based on the results of the most recent funding valuation, where relevant, updated by the scheme actuaries to 31 December 2022. Changes to the defined benefit scheme As at 31 December 2022, a constructive obligation has been recognised for the extension of the Bridging Pension Option (BPO) to other deferred members in RRUKPF. As a result, a past service credit of \u00a36m has been recognised within non-underlying operating profit. The Rolls-Royce North America salaried plan was closed to future accruals in 2021. On 1 December 2022, the remaining assets and liabilities were transferred to Legal and General America Group as a bulk annuity purchase and were derecognised from the balance sheet. This  resulted in a settlement loss of \u00a37m. During the year, Power Systems replaced a number of their existing defined benefit schemes with a new company pension scheme to offer  payment options at time of retirement. The new system, which is similar in structure to a defined contribution scheme with a guarantee  from the Company in accordance with German legislation, significantly reduces interest risks and longevity risks for the employer for  future commitments. Invested assets for the scheme will be managed by Swiss Life. A past service credit of \u00a323m has been recognised within non-underlying operating profit. 22\u2002 Post-retirement\u2002benefits\u2002\u2013\u2002continued Amounts recognised in the income statement 2022 2021 UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m Defined benefit schemes: Current service cost and administrative expenses 8  44  52  10  61  71  Past-service credit and settlement loss (6) (19) (25) (15) (33) (48) 2  25  27  (5) 28 23  Defined contribution schemes 154  87  241  146  81  227  Operating\u2002cost 156  112  268  141  109  250  Net financing (credit)/charge in respect of defined  benefit schemes (21) 23 2  (16) 19 3  Total\u2002income\u2002statement\u2002charge 135  135  270  125  128  253  The operating cost is charged as follows: Defined\u2002benefit Defined\u2002contribution Total 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m 2022 \u00a3m 2021 \u00a3m Cost of sales 37  50  168  158  205  208  Commercial and administrative costs (17) (38) 38  32  21  (6) Research and development costs 7  11  33  35  40  46  27  23  239  225  266  248  Discontinued operations \u2013  \u2013  2  2  2  2  27  23  241  227  268  250  Net financing comprises: 2022 2021 UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m Financing on scheme obligations 149  46  195  137  41  178  Financing on scheme assets (170) (23) (193) (153) (22) (175) Net financing (income)/charge in respect of defined  benefit schemes (21) 23 2  (16) 19 3  Financing income on scheme surpluses (21) (3) (24) (16) (1) (17) Financing cost on scheme deficits \u2013 26 26  \u2013 20 20  Amounts recognised in OCI in respect of defined benefit schemes 2022 2021 UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m Actuarial gains and losses arising from:  Demographic assumptions  1 19  \u2013 19 (101) (2) (103) Financial assumptions  2 3,423  602  4,025  416  159  575  Experience adjustments  3 (235) (7) (242) (88) 12  (76) Return on scheme assets excluding financing income  2 (3,751) (207) (3,958) (112) (30) (142) (544) 388 (156) 115 139  254  1  For the UK Scheme, this reflects latest available CMI mortality projections and an update of the post-retirement mortality assumptions based on an analysis prepared for the 31 March  2020 funding valuation 2  Actuarial gains and losses arising from financial assumptions arise primarily due to changes in interest rates and inflation 3  This reflects realised inflation being higher than expected in the period, resulting in increases in actual pension increases and deferred pension expectations  22\u2002 Post-retirement\u2002benefits\u2002\u2013\u2002continued Amounts recognised in the balance sheet in respect of defined benefit schemes 2022 2021 UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m Present value of funded obligations (4,621) (944) (5,565) (8,010) (863) (8,873) Fair value of scheme assets 5,215  493  5,708  9,128  861  9,989  Net asset/(liability) on funded schemes 594  (451) 143  1,118  (2) 1,116  Present value of unfunded obligations \u2013  (563) (563) \u2013  (1,341) (1,341) Net\u2002asset/(liability)\u2002recognised\u2002in\u2002the\u2002balance\u2002sheet 594  (1,014) (420) 1,118  (1,343) (225) Post-retirement scheme surpluses  1 594  19  613  1,118  30  1,148  Post-retirement scheme deficits \u2013  (1,033) (1,033) \u2013  (1,373) (1,373) 1  The surplus in the UK scheme is recognised as on an ultimate wind-up when there are no longer any remaining members, any surplus would be returned to the Group, which has the  power to prevent the surplus being used for other purposes in advance of this event Overseas schemes are located in the following countries:  2022 2021 Assets \u00a3m Obligations \u00a3m Net \u00a3m Assets \u00a3m Obligations \u00a3m Net \u00a3m Canada 187  (226) (39) 245  (275) (30) Germany 10  (638) (628) 2  (883) (881) US pension schemes 296  (308) (12) 614  (643) (29) US healthcare schemes \u2013  (333) (333) \u2013  (400) (400) Other \u2013  (2) (2) \u2013  (3) (3) Net\u2002asset/(liability)\u2002recognised\u2002in\u2002the\u2002balance\u2002sheet 493  (1,507) (1,014) 861  (2,204) (1,343) Defined benefit schemes Assumptions Significant actuarial assumptions for UK schemes at the balance sheet date were as follows: 2022 2021 Discount rate 4.80% 1.90% Inflation assumption (RPI)  3.50% 3.60% Inflation assumption (CPI)  2.95% 3.05% Transfer assumption (employed deferred/deferred) 50%/40% 50%/40% Bridging Pension Option assumption 30% 25% Life expectancy from age 65:  current male pensioner 21.9\u2002years\u2002 21.8 years  future male pensioner currently aged 45 23.2\u2002years\u2002 23.2 years  current female pensioner 23.7\u2002years 23.6 years future female pensioner currently aged 45 25.5\u2002years 25.4 years  Discount rates are determined by reference to the market yields on AA rated corporate bonds. The rate is determined by using the profile of forecast benefit payments to derive a weighted average discount rate from the yield curve. The inflation assumption is determined by the market-implied assumption based on the yields on long-term index-linked government securities. The mortality assumptions adopted for the UK pension schemes are derived from the SAPS S3 \u2018All\u2019 actuarial tables, with future  improvements in line with the CMI 2021 core projections updated to reflect use of an \u2018A\u2019 parameter of 0.25% for future improvements and long-term improvements of 1.25%. Where appropriate, these are adjusted to take account of the scheme\u2019s actual experience. The assumption for transfers and the BPO is based on actual experience and actuarial advice. Other assumptions have been set on advice from the actuary, having regard to the latest trends in scheme experience and the assumptions used in the most recent funding valuation. The rate of increase of pensions in payment is based on the rules of the scheme, combined with  the inflation assumption where the increase is capped. 22\u2002 Post-retirement\u2002benefits\u2002\u2013\u2002continued Assumptions for overseas schemes are less significant and are based on advice from local actuaries. The principal assumptions are: 2022 2021 Discount rate 4.70% 2.20% Inflation assumption 2.30% 2.10% Long-term healthcare cost trend rate 4.75% 4.75% Male life expectancy from age 65: current pensioner 20.5\u2002years 20.7 years future pensioner currently aged 45 22.4\u2002years 22.5 years Changes in present value of defined benefit obligations 2022 2021 UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m At 1 January (8,010) (2,204) (10,214) (8,879) (2,463) (11,342) Exchange differences \u2013  (165) (165) \u2013  49  49  Current service cost (4) (43) (47) (4) (60) (64) Past-service cost 6  24  30  15  33  48  Finance cost (149) (49) (198) (137) (41) (178) Contributions by employees \u2013  (4) (4) \u2013  (2) (2) Benefits paid out  329  102  431  768  101  869  Disposal of businesses \u2013  \u2013  \u2013  \u2013  12  12  Actuarial gains 3,207  599  3,806  227  169  396  Transfers \u2013  (2) (2) \u2013  (2) (2) Settlement \u2013 235  235  \u2013  \u2013  \u2013  At 31 December (4,621) (1,507) (6,128) (8,010) (2,204) (10,214) Funded schemes (4,621) (944) (5,565) (8,010) (863) (8,873) Unfunded schemes \u2013  (563) (563) \u2013  (1,341) (1,341) The defined benefit obligations are in respect of: Active plan participants  1 (1,681) (693) (2,374) (3,451) (1,193) (4,644) Deferred plan participants (1,172) (93) (1,265) (2,258) (176) (2,434) Pensioners (1,768) (721) (2,489) (2,301) (835) (3,136) Weighted average duration of obligations (years) 17  13  16  22  15  21  1  Although the UK scheme closed to future accrual on 31 December 2020, members who became deferred as a result of the closure and remain employed by the Group retain some  additional benefits compared to other deferred members. The obligations for these members are shown as active plan participants Changes in fair value of scheme assets 2022 2021 UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m At 1 January 9,128  861  9,989  9,762  894  10,656  Exchange differences \u2013  77  77  \u2013  12  12  Administrative expenses (4) (1) (5) (6) (1) (7) Financing 170  23  193  153  22  175  Return on plan assets excluding financing (3,751) (207) (3,958) (112) (30) (142) Contributions by employer 1  80  81  99  63  162  Contributions by employees \u2013  4  4  \u2013  2  2  Benefits paid out  (329) (102) (431) (768) (101) (869) Settlement \u2013  (242) (242) \u2013  \u2013  \u2013  At 31 December 5,215  493  5,708  9,128  861  9,989  Total return on scheme assets (3,581) (184) (3,765) 41  (8) 33  22\u2002 Post-retirement\u2002benefits\u2002\u2013\u2002continued Fair value of scheme assets at 31 December 2022 2021 UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m UK schemes \u00a3m Overseas schemes \u00a3m Total \u00a3m Sovereign debt 3,574  120  3,694  5,756  217  5,973  Corporate debt instruments 1,492  257  1,749  3,122  389  3,511  Interest rate swaps 196  \u2013  196  54  \u2013  54  Inflation swaps 212  \u2013  212  106  \u2013  106  Cash and similar instruments  1 (1,066) \u2013  (1,066) (811) 144  (667) Liability\u2002driven\u2002investment\u2002(LDI)\u2002portfolios\u20022 4,408  377  4,785  8,227  750  8,977  Listed equities \u2013  78  78  \u2013  101  101  Unlisted equities 40  \u2013  40  54  \u2013  54  Synthetic equities  3 (8) \u2013  (8) 43  4  47 Sovereign debt \u2013  \u2013  \u2013  \u2013  4  4  Corporate debt instruments 772  \u2013  772  802  \u2013  802  Cash \u2013  5  5  \u2013  2  2  Other 3  33  36  2  \u2013  2  At 31 December 5,215  493  5,708  9,128  861  9,989  1  UK cash and similar instruments include repurchase agreements on UK Government bonds amounting to \u00a3(1,221)m (2021: \u00a3(1,087)m). The latest maturity date for these short-term  borrowings is April 2024 2  A portfolio of gilt and swap contracts, backed by investment-grade credit instruments and diversified liquidity funds, that is designed to hedge the majority of the interest rate and  inflation risks associated with the schemes\u2019 obligations 3  Portfolios of swap contracts designed to provide investment returns in line with global equity markets. The maximum exposure (notional value and accrued returns) on the portfolios was  \u00a3344m (2021: \u00a3550m) The investment strategy for the UK scheme is controlled by the Trustee in consultation with the Group. The scheme assets do not directly include any of the Group\u2019s own financial instruments, nor any property occupied by, or other assets used by, the Group. At 31 December  2022, there was no indirect holding of the Group\u2019s financial instruments (2021: none).  The liquidity of the UK scheme was not significantly impacted by the rapid rise in UK Government bond yields in the second half of 2022.  The UK scheme (and its predecessor schemes) benefited from prudent cash funding from the Group in previous financial years coupled  with long-term liability hedging programmes. These factors have resulted in the scheme being relatively well funded and consequently enabled it to keep leverage relatively low. Throughout 2022, the UK scheme maintained adequate levels of liquidity and eligible collateral  to service its leveraged positions. Future contributions  The Group expects to contribute approximately \u00a370m to its overseas defined benefit schemes in 2023 (2022: \u00a366m). In the UK, any cash funding of RRUKPF is based on a statutory triennial funding valuation process. The Group and the Trustee negotiate and agree the actuarial assumptions used to value the liabilities (Technical Provisions); assumptions which may differ from those used for accounting set out above. The assumptions used to value Technical Provisions must be prudent rather than a best estimate of the liability. Most notably, the Technical Provision discount rate is currently based upon UK Government yields plus a margin (0.5% at the 31 March 2020 valuation) rather than being based on yields of AA corporate bonds. Once each valuation is signed, a Schedule of Contributions (SoC) must be agreed which sets out the cash contributions to be paid. The most recent valuation, as at 31 March 2020, agreed by the Trustee in June 2021, showed that RRUKPF was estimated to be 105% funded on the Technical Provisions basis (estimated to be 109% at  31 December 2022). All cash due has been paid in full and the current SoC does not require any cash contributions to be made by the Group. The current SoC does include an agreement for contributions between 2024 to 2027 (capped at \u00a3145m in total) if the Technical Provisions funding position is below 107% at 31 March 2023. 22\u2002 Post-retirement\u2002benefits\u2002\u2013\u2002continued Sensitivities The calculations of the defined benefit obligations are sensitive to the assumptions set out above. The following table summarises how the estimated impact of a change in a significant assumption would affect the UK defined benefit obligation at 31 December 2022, while holding all other assumptions constant. This sensitivity analysis may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated. For the most significant funded schemes, the investment strategies hedge the risks from interest rates and inflation measured on a proxy solvency basis. For the UK scheme, the interest rate and inflation hedging is currently based on UK Government bond yields without any adjustment for  any credit spread. The sensitivity analysis set out below have been determined based on a method that estimates the impact on the defined  benefit obligation as a result of reasonable changes in key assumptions occurring at the end of the reporting period. 2022 \u00a3m 2021 \u00a3m Reduction in the discount rate of 0.25%  1 Obligation (205) (460) Plan assets (LDI portfolio) 235  484  Increase in inflation of 0.25%  1 Obligation (70) (210) Plan assets (LDI portfolio) 91  147  Increase of 1% in transfer value assumption  Obligations (30) (55) Increase of 5% of transfers instead of BPO Obligations (5) (30) One year increase in life expectancy Obligations (165) (365) 1  The differences between the sensitivities on obligations and plan assets arise largely due to differences in the methods used to value the obligations for accounting purposes and the  adopted proxy solvency basis  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-808": {
   "value": "23\u2002 Share\u2002capital Non-equity Equity Special Share of \u00a31 Nominal value \u00a3m Ordinary\u2002shares of\u200220p\u2002each Millions Nominal value \u00a3m Issued\u2002and\u2002fully\u2002paid At 1 January 2021 1  \u2013  8,368  1,674 At 31 December 2021 1  \u2013  8,368  1,674 At\u200231\u2002December\u20022022 1  \u2013  8,368  1,674 The rights attaching to each class of share are set out on page 207. In accordance with IAS 32 Financial Instruments: Presentation, the Company\u2019s non-cumulative redeemable preference shares (C Shares)  are classified as financial liabilities. Accordingly, movements in C Shares are included in note 20. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-809": {
   "value": "24\u2002 Share-based\u2002payments Effect of share-based payment transactions on the Group\u2019s results and financial position 2022 \u00a3m 2021 \u00a3m Total expense recognised for equity-settled share-based payments transactions 46  28  Total cost recognised for cash-settled share-based payments transactions 1  \u2013  Share-based payments recognised in the consolidated income statement 47  28  Liability for cash-settled share-based payment transactions 1  \u2013 A description of the share-based payment plans is included in the Directors\u2019 Remuneration Report on pages 77 to 95. Movements in the Group\u2019s share-based payment plans during the year  ShareSave LTIP DSBP Number Millions Weighted average exercise\u2002price Pence Number Millions Number Millions Outstanding at 1 January 2021 49.6  239  67.6  1.4  Granted 56.8  97  33.8  0.1 Forfeited (31.3) 239  (14.3) (0.1) Exercised \u2013  \u2013  (10.1) (0.6) Outstanding at 31 December 2021 75.1  132  77.0  0.8  Granted 0.1  104  47.2  12.3  Forfeited (9.6) 161  (13.4) (0.2) Exercised \u2013  \u2013  (17.8) (0.7) Outstanding\u2002at\u200231\u2002December\u20022022 65.6  127  93.0  12.2  Exercisable\u2002at\u200231\u2002December\u20022022 \u2013  \u2013  \u2013  \u2013  Exercisable at 31 December 2021 \u2013  \u2013  \u2013  \u2013  The weighted average share price at the date share options were exercised was 95p (2021: 119p). The closing price at 31 December 2022  was 93p (2021: 123p). The weighted average remaining contractual life for the share options as at 31 December 2022 was two years (2021: two years) and the  range of exercise prices for the share options as at 31 December 2022 was 97p to 261p. Fair values of share-based payment plans The weighted average fair value per share of equity-settled share-based payment plans granted during the year, estimated at the date of  grant, are as follows: 2022 2021 LTIP 90p  104p  ShareSave \u2013 three year grant n/a\u2002 67p DSBP 91p  105p  Long-term incentive plans (LTIP) The fair value of shares awarded is calculated using a pricing model that takes account of the non-entitlement to dividends (or equivalent)  during the vesting period and the market-based performance condition based on expectations about volatility and the correlation of share price returns in the group of FTSE 100 companies and which incorporates into the valuation the interdependency between share price  performance and TSR vesting. This adjustment decreases the fair value of the award relative to the share price at the date of grant.  ShareSave The fair value of the options granted is calculated using a pricing model that assumes that participants will exercise their options at the  beginning of the six-month window if the share price is greater than the exercise price. Otherwise it assumes that options are held until the expiration of their contractual term. This results in an expected life that falls somewhere between the start and end of the exercise window. Deferred Share Bonus Plan (DSBP) The fair value of shares awarded under DSBP is calculated as the share price on the date of the award, excluding expected dividends  (or equivalent). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-810": {
   "value": "25\u2002 Contingent\u2002liabilities In January 2017, after full cooperation, the Company concluded deferred prosecution agreements (DPA) with the SFO and the US  Department of Justice (DoJ) and a leniency agreement with the MPF, the Brazilian federal prosecutors. The terms of both DPAs have  now expired. The Company continues to co-operate with the Controller General, Brazil (CGU) under the terms of a two-year leniency agreement signed in October 2021 relating to the same historical matters. Certain authorities are investigating members of the Group for matters relating to misconduct in relation to historical matters. The Group is responding appropriately. Action may be taken by further  authorities against the Company or individuals. In addition, the Group could still be affected by actions from other parties, including  customers, customers\u2019 financiers and the Company\u2019s current and former investors, including certain potential claims in respect of the Group\u2019s historical ethics and compliance disclosures which have been notified to the Company. The Directors are not currently aware of  any matters that are likely to lead to a material financial loss over and above the penalties imposed to date, but cannot anticipate all the  possible actions that may be taken or their potential consequences. Contingent liabilities exist in respect of guarantees provided by the Group in the ordinary course of business for product delivery,  commitments made for future service demand in respect of maintenance, repair and overhaul, and performance and reliability. The Group has, in the normal course of business, entered into arrangements in respect of export finance, performance bonds, countertrade obligations  and minor miscellaneous items. Various Group undertakings are parties to legal actions and claims (including with tax authorities) which  arise in the ordinary course of business, some of which are for substantial amounts. As a consequence of the insolvency of an insurer as previously reported, the Group is no longer fully insured against known and potential claims from employees who worked for certain of  the Group\u2019s UK based businesses for a period prior to the acquisition of those businesses by the Group. In connection with the sale of its products, the Group will, on some occasions, provide financing support for its customers, generally in respect of civil aircraft. The Group\u2019s commitments relating to these financing arrangements are spread over many years, relate to a number of customers and a broad product portfolio and are generally secured on the asset subject to the financing. These include commitments of $1.2bn (2021: $1.7bn) (on a discounted basis) to provide facilities to enable customers to purchase aircraft (of which approximately $0.9bn could be called during 2023). These facilities may only be used if the customer is unable to obtain financing elsewhere and are priced at  a premium to the market rate. Significant events impacting the international aircraft financing market, the failure by customers to meet  their obligations under such financing agreements, or inadequate provisions for customer financing liabilities may adversely affect the  Group\u2019s financial position. The Group has responded appropriately to the Russia-Ukraine conflict to comply with international sanctions and export control regime,  and also to implement our business decision to exit from Russia. The Group could be subject to action by impacted customers and other  contract parties. While the outcome of the above matters cannot precisely be foreseen, the Directors do not expect any of these arrangements, legal actions  or claims, after allowing for provisions already made, to result in significant loss to the Group. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-811": {
   "value": "26\u2002 Related\u2002party\u2002transactions 2022 \u00a3m 2021 \u00a3m Sales of goods and services  1 5,074  3,548  Purchases of goods and services  1 (4,915) (3,677) Lease payments to joint ventures and associates (163) (225) Guarantees of joint arrangements\u2019 and associates\u2019 borrowings 3  1  Guarantees of non-wholly owned subsidiaries\u2019 borrowings 3  3  Dividends received from joint ventures and associates 73  27  Other income received from joint ventures and associates 2  3  1  Sales of goods and services to related parties and purchases of goods and services from related parties, including joint ventures and associates, are included at the average exchange  rate, consistent with the statutory income statement  Included in sales of goods and services to related parties are sales of spare engines amounting to \u00a319m (2021: \u00a3157m). Profit recognised in the year on such sales amounted to \u00a350m (2021: \u00a347m), including profit on current year sales and recognition of profit deferred on similar sales in previous years. Cash receipts relating to the sale of spare engines amounted to \u00a340m (2021: \u00a3181m). The aggregated balances with joint ventures are shown in notes 14 and 19. Transactions with Group pension schemes are shown in note 22. In the course of normal operations, related party transactions entered into by the Group have been contracted on an arm\u2019s-length basis. Key management personnel are deemed to be the Directors (pages 62 to 63) and the members of the Executive Team (described on page 59). Remuneration for key management personnel is shown below: 2022 \u00a3m 2021 \u00a3m Salaries and short-term benefits 18 20  Post-retirement schemes \u2013 \u2013  Share-based payments 10 4  28 24  More detailed information regarding the Directors\u2019 remuneration, shareholdings, pension entitlements, share options and other long-term incentive plans is shown in the Directors\u2019 Remuneration Report on pages 77 to 95. The charge for share-based payments above is based on when the award is charged to the income statement in accordance with IFRS 2 Share-based Payment, rather than when the shares vest, which is the basis used in the Directors\u2019 Remuneration Report. 26\u2002 Related\u2002party\u2002transactions\u2002\u2013\u2002continued ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-812": {
   "value": "27\u2002 Disposals,\u2002held\u2002for\u2002sale\u2002and\u2002discontinued\u2002operations Disposals On 13 September 2021, the Group signed an agreement with Equitix Investment Management Limited to dispose its 23.1% shareholding  in Airtanker Holdings Ltd for a cash consideration of \u00a3189m. In accordance with IFRS 5, the Group had classified \u00a347m of the assets as  held for sale at 31 December 2021. The sale completed on 9 February 2022 for a value of \u00a3189m. On disposal, the Group has recycled the Group\u2019s share of cash flow hedge reserve through the income statement during the year. On 27 September 2021, the Group signed an agreement for the sale of ITP Aero to Bain Capital for \u00a31.3bn. In accordance with IFRS 5, at 31 December 2021, the Group classified the net assets of the ITP Aero disposal group of \u00a31.2bn as held for sale. The sale completed on 15 September 2022 for a value of \u00a31.3bn. On disposal, the Group recycled the Group\u2019s share of hedging reserves and the cumulative  currency translation reserve through the income statement. In addition, as part of the disposal, costs have been recognised in loss on  disposal for continuing obligations (\u00a3157m), in particular where previous amounts were eliminated on consolidation in the Group\u2019s results. ITP Aero was acquired in 2017, resulting in a gain on bargain purchase of \u00a3303m recognised in 2018. The consideration for the acquisition was settled by issue of shares and the premium on the share issues, of \u00a3650m, recognised as merger reserve. As a result of the sale of ITP Aero for qualifying consideration, the merger reserve arising has been realised in accumulated losses. ITP Aero \u2013  Total subsidiaries \u00a3m Airtanker \u00a3m Total \u00a3m Proceeds\u2002Cash consideration at prevailing exchange rate  1,387  189  1,576  Impact of deal contingent forward  (52) \u2013  (52) Cash\u2002consideration\u2002at\u2002effective\u2002hedged\u2002rate\u2002 1,335  189  1,524  Cash and cash equivalents disposed  (60) \u2013  (60) Net\u2002cash\u2002consideration\u2002 1,275  189  1,464  Intangible assets  912  \u2013  912  Property, plant and equipment  338  \u2013  338  Right-of-use assets  13  \u2013  13  Investments  1  34  35  Deferred tax assets  57  \u2013  57  Inventory  283  \u2013  283  Trade receivables and other assets  1 768  14  782  Borrowings and lease liabilities  (53) \u2013  (53) Trade payables and other liabilities  1 (1,148) \u2013  (1,148) Provisions for liabilities and charges  (22) \u2013  (22) Less:\u2002Net\u2002assets\u2002disposed\u2002 1,149  48  1,197  Profit\u2002on\u2002disposal\u2002before\u2002disposal\u2002costs\u2002and\u2002accounting\u2002adjustments 126  141  267  Disposal\u2002costs (33) (3) (36) De-recognition\u2002of\u2002NCI (1) \u2013  (1) Cumulative\u2002currency\u2002translation\u2002loss (65) \u2013  (65) Cumulative\u2002hedging\u2002reserves\u2002loss (49) (62) (111) Impact\u2002of\u2002disposal\u2002on\u2002consolidated\u2002position\u2002of\u2002onerous\u2002contracts\u20022  (157) \u2013  (157) (Loss)/profit\u2002before\u2002taxation\u2002 (179) 76  (103) Tax on disposal  31 \u2013  31 (Loss)/profit\u2002on\u2002disposal\u2002of\u2002business\u2002after\u2002taxation (148) 76  (72) 1  At 15 September 2022, trading balances that ITP Aero held with other group undertakings, that were previously eliminated on consolidation, have been reclassified as external balances  and are included in the net assets disposed 2  Reflects increased future costs in Civil Aerospace in respect of amounts charged by ITP Aero that were previously eliminated on consolidation. These future costs relate to onerous  contract provisions and have therefore crystallised on disposal as a result of the ongoing trading with ITP Aero no longer being classified as intra-group 27\u2002 Disposals,\u2002held\u2002for\u2002sale\u2002and\u2002discontinued\u2002operations\u2002\u2013\u2002continued Reconciliation of profit on disposal of businesses in continuing operations to the income statement: Total \u00a3m Profit before taxation on disposal (see above) 76  Adjustment to consideration on disposals completed in prior periods 5  Profit\u2002on\u2002disposal\u2002of\u2002businesses\u2002per\u2002income\u2002statement 81  Reconciliation of cash flow on disposal of businesses to the cash flow statement:  Total \u00a3m Proceeds on disposal (see above) 1,464  Disposal costs paid (45) Cash outflow on disposals completed in prior periods (21) Cash\u2002flow\u2002on\u2002disposal\u2002of\u2002businesses\u2002per\u2002cash\u2002flow\u2002statement 1,398  Discontinued operations ITP Aero represented a separate major line of business and was classified as a disposal group held for sale up to the date of disposal.  Therefore, in line with IFRS 5, the financial results of ITP Aero up to disposal have been classified as a discontinued operation. The financial performance and cash flow information presented reflects the operations for the year that have been classified as  discontinued operations. 2022 \u00a3m 2021 \u00a3m Revenue\u2002 275  365  Operating\u2002profit/(loss)\u20021 86  (4) Profit\u2002before\u2002taxation\u20021 78  2  Income tax (charge)/credit  1 (10) 34  Profit\u2002for\u2002the\u2002year\u2002from\u2002discontinued\u2002operations\u2002on\u2002ordinary\u2002activities\u2002 68  36  Costs of disposal on discontinued operations  2 \u2013  (39) Loss on disposal of discontinued operations (see above) (148) \u2013  Loss\u2002for\u2002the\u2002year\u2002from\u2002discontinued\u2002operations\u2002 (80) (3) Net cash inflow from operating activities  2 85  12  Net cash outflow from investing activities  2 (67) (32) Net cash outflow from financing activities (25) (25) Exchange gain \u2013  4  Net\u2002change\u2002in\u2002cash\u2002and\u2002cash\u2002equivalents (7) (41) 1  Profit/(loss) from discontinued operations on ordinary activities is presented net of intercompany trading eliminations and related consolidation adjustments 2  Cash flows from investing activities include \u00a342m (2021: cash flows from operating activities include \u00a339m) costs of disposal paid during the year to 31 December 2022 that are not a movement in the cash balance of the disposal group as they were borne centrally ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-838": {
   "value": "Disposals On 13 September 2021, the Group signed an agreement with Equitix Investment Management Limited to dispose its 23.1% shareholding  in Airtanker Holdings Ltd for a cash consideration of \u00a3189m. In accordance with IFRS 5, the Group had classified \u00a347m of the assets as  held for sale at 31 December 2021. The sale completed on 9 February 2022 for a value of \u00a3189m. On disposal, the Group has recycled the Group\u2019s share of cash flow hedge reserve through the income statement during the year. On 27 September 2021, the Group signed an agreement for the sale of ITP Aero to Bain Capital for \u00a31.3bn. In accordance with IFRS 5, at 31 December 2021, the Group classified the net assets of the ITP Aero disposal group of \u00a31.2bn as held for sale. The sale completed on 15 September 2022 for a value of \u00a31.3bn. On disposal, the Group recycled the Group\u2019s share of hedging reserves and the cumulative  currency translation reserve through the income statement. In addition, as part of the disposal, costs have been recognised in loss on  disposal for continuing obligations (\u00a3157m), in particular where previous amounts were eliminated on consolidation in the Group\u2019s results. ITP Aero was acquired in 2017, resulting in a gain on bargain purchase of \u00a3303m recognised in 2018. The consideration for the acquisition was settled by issue of shares and the premium on the share issues, of \u00a3650m, recognised as merger reserve. As a result of the sale of ITP Aero for qualifying consideration, the merger reserve arising has been realised in accumulated losses. ITP Aero \u2013  Total subsidiaries \u00a3m Airtanker \u00a3m Total \u00a3m Proceeds\u2002Cash consideration at prevailing exchange rate  1,387  189  1,576  Impact of deal contingent forward  (52) \u2013  (52) Cash\u2002consideration\u2002at\u2002effective\u2002hedged\u2002rate\u2002 1,335  189  1,524  Cash and cash equivalents disposed  (60) \u2013  (60) Net\u2002cash\u2002consideration\u2002 1,275  189  1,464  Intangible assets  912  \u2013  912  Property, plant and equipment  338  \u2013  338  Right-of-use assets  13  \u2013  13  Investments  1  34  35  Deferred tax assets  57  \u2013  57  Inventory  283  \u2013  283  Trade receivables and other assets  1 768  14  782  Borrowings and lease liabilities  (53) \u2013  (53) Trade payables and other liabilities  1 (1,148) \u2013  (1,148) Provisions for liabilities and charges  (22) \u2013  (22) Less:\u2002Net\u2002assets\u2002disposed\u2002 1,149  48  1,197  Profit\u2002on\u2002disposal\u2002before\u2002disposal\u2002costs\u2002and\u2002accounting\u2002adjustments 126  141  267  Disposal\u2002costs (33) (3) (36) De-recognition\u2002of\u2002NCI (1) \u2013  (1) Cumulative\u2002currency\u2002translation\u2002loss (65) \u2013  (65) Cumulative\u2002hedging\u2002reserves\u2002loss (49) (62) (111) Impact\u2002of\u2002disposal\u2002on\u2002consolidated\u2002position\u2002of\u2002onerous\u2002contracts\u20022  (157) \u2013  (157) (Loss)/profit\u2002before\u2002taxation\u2002 (179) 76  (103) Tax on disposal  31 \u2013  31 (Loss)/profit\u2002on\u2002disposal\u2002of\u2002business\u2002after\u2002taxation (148) 76  (72) 1  At 15 September 2022, trading balances that ITP Aero held with other group undertakings, that were previously eliminated on consolidation, have been reclassified as external balances  and are included in the net assets disposed 2  Reflects increased future costs in Civil Aerospace in respect of amounts charged by ITP Aero that were previously eliminated on consolidation. These future costs relate to onerous  contract provisions and have therefore crystallised on disposal as a result of the ongoing trading with ITP Aero no longer being classified as intra-group 27\u2002 Disposals,\u2002held\u2002for\u2002sale\u2002and\u2002discontinued\u2002operations\u2002\u2013\u2002continued Reconciliation of profit on disposal of businesses in continuing operations to the income statement: Total \u00a3m Profit before taxation on disposal (see above) 76  Adjustment to consideration on disposals completed in prior periods 5  Profit\u2002on\u2002disposal\u2002of\u2002businesses\u2002per\u2002income\u2002statement 81  Reconciliation of cash flow on disposal of businesses to the cash flow statement:  Total \u00a3m Proceeds on disposal (see above) 1,464  Disposal costs paid (45) Cash outflow on disposals completed in prior periods (21) Cash\u2002flow\u2002on\u2002disposal\u2002of\u2002businesses\u2002per\u2002cash\u2002flow\u2002statement 1,398 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-839": {
   "value": "Discontinued operations ITP Aero represented a separate major line of business and was classified as a disposal group held for sale up to the date of disposal.  Therefore, in line with IFRS 5, the financial results of ITP Aero up to disposal have been classified as a discontinued operation. The financial performance and cash flow information presented reflects the operations for the year that have been classified as  discontinued operations. 2022 \u00a3m 2021 \u00a3m Revenue\u2002 275  365  Operating\u2002profit/(loss)\u20021 86  (4) Profit\u2002before\u2002taxation\u20021 78  2  Income tax (charge)/credit  1 (10) 34  Profit\u2002for\u2002the\u2002year\u2002from\u2002discontinued\u2002operations\u2002on\u2002ordinary\u2002activities\u2002 68  36  Costs of disposal on discontinued operations  2 \u2013  (39) Loss on disposal of discontinued operations (see above) (148) \u2013  Loss\u2002for\u2002the\u2002year\u2002from\u2002discontinued\u2002operations\u2002 (80) (3) Net cash inflow from operating activities  2 85  12  Net cash outflow from investing activities  2 (67) (32) Net cash outflow from financing activities (25) (25) Exchange gain \u2013  4  Net\u2002change\u2002in\u2002cash\u2002and\u2002cash\u2002equivalents (7) (41) 1  Profit/(loss) from discontinued operations on ordinary activities is presented net of intercompany trading eliminations and related consolidation adjustments 2  Cash flows from investing activities include \u00a342m (2021: cash flows from operating activities include \u00a339m) costs of disposal paid during the year to 31 December 2022 that are not a movement in the cash balance of the disposal group as they were borne centrally ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-840": {
   "value": "<div class=\"t m0 h2a ffcf fs11 fc1 sc0 ls46 ws70\" style=\"left:207.8157px; bottom:805.3114px;\">28\u2002<span class=\"_ _c\"> </span>D<span class=\"_ _0\"></span>erivation\u2002of\u2002summary\u2002funds\u2002flow\u2002statement<span class=\"_ _351\"> </span></div><div class=\"t m0 hb4 ffd0 fsb fc2 sc0 ls21b ws26b\" style=\"left:518.5261px; bottom:778.11035px;\">2022<span class=\"_ _1f6\"> </span><span class=\"ffd1 lse4 ws10e\">2021<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h17 ffcf fsb fc2 sc0 lsd9 ws104\" style=\"left:403.75934px; bottom:719.40564px;\">Cas<span class=\"_ _0\"></span>h\u2002fl<span class=\"_ _0\"></span>ow<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffcf fsb fc2 sc0 ls22d ws2a0\" style=\"left:433.83972px; bottom:708.90485px;\">\u00a3m</div><div class=\"t m0 h17 ffcf fsb fc2 sc0 lsd9 ws104\" style=\"left:457.1859px; bottom:740.4071px;\">\u2002Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t\u2002of<span class=\"_ _0\"></span>\u2002</div><div class=\"t m0 h17 ffcf fsb fc2 sc0 lsdd ws107\" style=\"left:474.66882px; bottom:729.9064px;\">hedge\u2002</div><div class=\"t m0 hb4 ffd0 fsb fc2 sc0 ls185 ws1b8\" style=\"left:478.9167px; bottom:719.40564px;\">book<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffcf fsb fc2 sc0 ls22d ws2a0\" style=\"left:488.86407px; bottom:708.90485px;\">\u00a3m</div><div class=\"t m0 h17 ffcf fsb fc2 sc0 lsd9 ws104\" style=\"left:513.5767px; bottom:740.4071px;\">\u2002Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t\u2002of<span class=\"_ _0\"></span>\u2002</div><div class=\"t m0 h17 ffcf fsb fc2 sc0 ls3 ws3\" style=\"left:509.1336px; bottom:729.9064px;\">acquisition\u2002</div><div class=\"t m0 h17 ffcf fsb fc2 sc0 ls11d ws145\" style=\"left:507.52875px; bottom:719.40564px;\">accounting<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffcf fsb fc2 sc0 ls22d ws2a0\" style=\"left:543.88934px; bottom:708.90485px;\">\u00a3m\u2002</div><div class=\"t m0 h17 ffcf fsb fc2 sc0 lsd9 ws104\" style=\"left:568.9028px; bottom:761.40857px;\">\u2002Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t\u2002of<span class=\"_ _0\"></span>\u2002</div><div class=\"t m0 h17 ffcf fsb fc2 sc0 lsda ws105\" style=\"left:588.5028px; bottom:750.90784px;\">other\u2002</div><div class=\"t m0 hb4 ffd0 fsb fc2 sc0 lsda ws105\" style=\"left:592.7343px; bottom:740.4071px;\">non-<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffcf fsb fc2 sc0 ls11f ws148\" style=\"left:564.16907px; bottom:729.9064px;\">underlying\u2002</div><div class=\"t m0 h17 ffcf fsb fc2 sc0 ls96 ws16b\" style=\"left:588.5028px; bottom:719.40564px;\">items<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffcf fsb fc2 sc0 ls22d ws2a0\" style=\"left:600.36017px; bottom:708.90485px;\">\u00a3m</div><div class=\"t m0 h17 ffcf fsb fc2 sc0 ls170 ws19a\" style=\"left:639.627px; bottom:729.9064px;\">\u2002Fu<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>\u2002</div><div class=\"t m0 h17 ffcf fsb fc2 sc0 ls22d ws2a0\" style=\"left:649.17914px; bottom:719.40564px;\">flow<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffcf fsb fc2 sc0 ls22d ws2a0\" style=\"left:654.1694px; bottom:708.90485px;\">\u00a3m</div><div class=\"t m0 h13 ffd2 fsb fc2 sc0 ls3 ws3\" style=\"left:698.943px; bottom:729.9064px;\"> F<span class=\"_ _3\"></span>unds<span class=\"_ _351\"> </span> </div><div class=\"t m0 h13 ffd2 fsb fc2 sc0 ls11f ws148\" style=\"left:709.8237px; bottom:719.40564px;\">flow<span class=\"_ _351\"> </span></div><div class=\"t m0 h17 ffd1 fsb fc2 sc0 lsde ws108\" style=\"left:714.86804px; bottom:708.90485px;\">\u00a3m<span class=\"_ _351\"> </span></div><div class=\"t m0 h25 ffcf fse fc2 sc0 ls80 wsae\" style=\"bottom:691.9295px;\">Operating\u2002<span class=\"_ _3\"></span>profit<span class=\"_ _317\"> </span><span class=\"ffd0 ls62 ws18e\"> 837 <span class=\"_ _a4\"> </span><span class=\"ls74 ws9b\"> (26<span class=\"_ _0\"></span>4)<span class=\"_ _6e\"> </span><span class=\"ls3 wsfd\"> 58 <span class=\"_ _156\"> </span> 2<span class=\"_ _0\"></span>1 <span class=\"_ _9c\"> </span><span class=\"ls6c ws91\"> 652 <span class=\"_ _56\"> </span><span class=\"ffd1\"> 414<span class=\"_ _351\"> </span></span></span></span></span></span><span class=\"ffd0 ls62 ws18e\"><span class=\"ls74 ws9b\"><span class=\"ls3 wsfd\"><span class=\"ls6c ws91\"><span class=\"ffd1\"> </span></span></span></span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:674.9495px;\">Op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g profit<span class=\"_ _2\"></span>/(loss) from dis<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>inu<span class=\"_ _0\"></span>ed op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _2d5\"> </span><span class=\"ffd0 ls3 wsfd\"> 8<span class=\"_ _0\"></span>6 <span class=\"_ _7d\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _156\"> </span> 86 <span class=\"_ _92\"> </span></span><span class=\"ls74 wsa2\"> (43<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls6b ws98\" style=\"bottom:657.9695px;\">Depreciation, amortisation and i<span class=\"_ _3\"></span>mpairment<span class=\"_ _e4\"> </span><span class=\"ffd0 ls73 wsa0\"> 1,0<span class=\"_ _0\"></span>76 <span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _6e\"> </span><span class=\"ls6c ws91\"> (58)<span class=\"_ _5d\"> </span><span class=\"lsb5 ws90\"> (6<span class=\"_ _0\"></span>5)<span class=\"_ _10b\"> </span></span></span> 9<span class=\"_ _0\"></span>53 <span class=\"_ _269\"> </span></span></span><span class=\"ls77 wsa5\"> 97<span class=\"_ _0\"></span>1<span class=\"_ _351\"> </span></span><span class=\"ls77 wsa5\"> </span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:640.9895px;\">Move<span class=\"_ _0\"></span>ment in provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s<span class=\"_ _2aa\"> </span><span class=\"ffd0 ls63 wsd8\"> (197)<span class=\"_ _87\"> </span><span class=\"ls3 wsfd\"> 9<span class=\"_ _0\"></span>1 <span class=\"_ _7d\"> </span> \u2013<span class=\"_ _6b\"> </span> 83 <span class=\"_ _74\"> </span><span class=\"ls6d ws98\"> (2<span class=\"_ _0\"></span>3)<span class=\"_ _5d\"> </span></span></span></span><span class=\"ls77 wsa5\"> (1<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:624.0095px;\">Move<span class=\"_ _0\"></span>ment in Civ<span class=\"_ _0\"></span>il L<span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>A bala<span class=\"_ _0\"></span>nce<span class=\"_ _202\"> </span><span class=\"ffd0 ls6d ws98\"> 1<span class=\"_ _0\"></span>,15<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _14d\"> </span><span class=\"ls60 wsa3\"> (3<span class=\"_ _0\"></span>66)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _74\"> </span> 792 <span class=\"_ _6b\"> </span></span></span></span><span class=\"ls77 wsa5\"> 6<span class=\"_ _0\"></span>6<span class=\"_ _351\"> </span></span><span class=\"ls77 wsa5\"> </span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:607.0295px;\">Loss on dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>al of prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _3\"></span>, pla<span class=\"_ _0\"></span>nt and equi<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _318\"> </span><span class=\"ffd0 ls3 wsfd\"> 18 <span class=\"_ _7d\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _72\"> </span> \u2013<span class=\"_ _81\"> </span> 1<span class=\"_ _0\"></span>8 <span class=\"_ _72\"> </span></span><span class=\"ls77 wsa5\"> 9<span class=\"_ _351\"> </span></span><span class=\"ls77 wsa5\"> </span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:590.0495px;\">Jo<span class=\"_ _0\"></span>int venture tr<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g<span class=\"_ _319\"> </span><span class=\"ffd0 ls3 wsfd\"> 25 <span class=\"_ _7d\"> </span> \u2013<span class=\"_ _72\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _6b\"> </span> 2<span class=\"_ _0\"></span>5 <span class=\"_ _5e\"> </span></span><span class=\"ls77 wsa5\"> (18)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls64 ws91\" style=\"bottom:573.0695px;\">Int<span class=\"_ _3\"></span>erest<span class=\"_ _3\"></span> rec<span class=\"_ _3\"></span>eived<span class=\"_ _41\"> </span><span class=\"ffd0 ls3 wsfd\"> 36 <span class=\"_ _7d\"> </span> \u2013<span class=\"_ _72\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _156\"> </span> 36 <span class=\"_ _72\"> </span></span><span class=\"ls77 wsa5\"> 9<span class=\"_ _351\"> </span></span><span class=\"ls77 wsa5\"> </span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:556.0895px;\">Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns to defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s in excess of under<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:541.0895px;\">op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ting pro<span class=\"_ _0\"></span>fit charg<span class=\"_ _0\"></span>e<span class=\"_ _2f3\"> </span><span class=\"ffd0 ls74 ws9b\"> (54)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _5e\"> </span> 2<span class=\"_ _0\"></span>2 <span class=\"_ _74\"> </span><span class=\"ls60 wsa3\"> (32)<span class=\"_ _269\"> </span></span></span></span><span class=\"ls77 wsa5\"> (9<span class=\"_ _0\"></span>2)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls62 ws8f\" style=\"bottom:524.1095px;\">Share-based <span class=\"_ _3\"></span>payments<span class=\"_ _2be\"> </span><span class=\"ffd0 ls83 wsa1\"> 47 <span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _72\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _5e\"> </span></span> 47<span class=\"_ _0\"></span> <span class=\"_ _68\"> </span><span class=\"ffd1 ls3 wsfd\"> 28<span class=\"_ _351\"> </span></span></span><span class=\"ffd0 ls83 wsa1\"><span class=\"ffd1 ls3 wsfd\"> </span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls6b ws98\" style=\"bottom:507.12952px;\">Other<span class=\"_ _254\"> </span><span class=\"ffd0 ls3 wsfd\"> \u2013<span class=\"_ _6e\"> </span><span class=\"ls6d ws98\"> (5<span class=\"_ _0\"></span>3)<span class=\"_ _7d\"> </span></span> \u2013<span class=\"_ _aa\"> </span> \u2013<span class=\"_ _95\"> </span><span class=\"ls6d ws98\"> (53)<span class=\"_ _124\"> </span></span><span class=\"ffd2 ws3\">(26)<span class=\"_ _351\"> </span></span></span><span class=\"ffd0 ls3 wsfd\"><span class=\"ffd2 ws3\"> </span></span></div><div class=\"t m0 h25 ffcf fse fc2 sc0 ls5c ws8a\" style=\"bottom:490.14948px;\">Cash\u2002fl<span class=\"_ _0\"></span>ow\u2002be<span class=\"_ _0\"></span>fore\u2002wor<span class=\"_ _0\"></span>king\u2002c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal\u2002an<span class=\"_ _0\"></span>d\u2002ta<span class=\"_ _0\"></span>xati<span class=\"_ _0\"></span>on<span class=\"_ _13f\"> </span><span class=\"ffd0 ls60 wsa3\"> 3,0<span class=\"_ _0\"></span>32 <span class=\"_ _a4\"> </span> (592)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _68\"> </span> 61 <span class=\"_ _79\"> </span> 2,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>01 <span class=\"_ _9c\"> </span><span class=\"ffd1 ls7b ws186\"> 1<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>82</span><span class=\"ws3\"> </span></span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:473.1695px;\">Incre<span class=\"_ _0\"></span>ase in invento<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s<span class=\"_ _292\"> </span><span class=\"ffd0 ls6c ws91\"> (88<span class=\"_ _0\"></span>7)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _10f\"> </span></span> (88<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _59\"> </span></span><span class=\"ls77 wsa5\"> (16<span class=\"_ _0\"></span>9)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:456.1895px;\">Move<span class=\"_ _0\"></span>ment in tra<span class=\"_ _0\"></span>de recei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>/payable<span class=\"_ _0\"></span>s and oth<span class=\"_ _0\"></span>er asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s/li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _7b\"> </span><span class=\"ffd0 ls60 wsa3\"> (3<span class=\"_ _0\"></span>86)<span class=\"_ _9b\"> </span><span class=\"ls6c ws91\"> (34<span class=\"_ _0\"></span>8)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _92\"> </span><span class=\"ls63 wsd8\"> (19)<span class=\"_ _a4\"> </span><span class=\"ls6d ws98\"> (<span class=\"_ _0\"></span>75<span class=\"_ _0\"></span>3)<span class=\"_ _10f\"> </span></span></span></span></span></span><span class=\"ls74 wsa2\"> (4<span class=\"_ _0\"></span>69<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:439.20947px;\">Move<span class=\"_ _0\"></span>ment in cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s/l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies (exclud<span class=\"_ _0\"></span>ing Civ<span class=\"_ _0\"></span>il L<span class=\"_ _f\"></span>T<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>A)<span class=\"_ _16b\"> </span><span class=\"ffd0 ls6e wsd7\"> 59<span class=\"_ _0\"></span>5 <span class=\"_ _10d\"> </span><span class=\"ls3 wsfd\"> 297 <span class=\"_ _7d\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _5d\"> </span> 8<span class=\"_ _0\"></span>92 <span class=\"_ _10d\"> </span><span class=\"ffd2 ws3\"> (289)<span class=\"_ _351\"> </span></span></span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:422.2295px;\">Reval<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>ion of tra<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g asse<span class=\"_ _0\"></span>ts (exclud<span class=\"_ _0\"></span>ing excep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal ite<span class=\"_ _0\"></span>ms)<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffd1 fs13 fc2 sc0 ls3 ws3\" style=\"left:316.5336px; bottom:426.22668px;\">1</div><div class=\"t m0 h25 ffd0 fse fc2 sc0 ls68 ws92\" style=\"left:414.5469px; bottom:422.2307px;\"> (4<span class=\"_ _0\"></span>07<span class=\"_ _0\"></span>)<span class=\"_ _1f7\"> </span><span class=\"ls74 ws9b\"> (114)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _5d\"> </span><span class=\"ls7b ws186\"> (521)<span class=\"_ _124\"> </span><span class=\"ffd1 ls6b wsc9\"> 32<span class=\"_ _351\"> </span></span></span></span></span><span class=\"ls74 ws9b\"><span class=\"ls3 wsfd\"><span class=\"ls7b ws186\"><span class=\"ffd1 ls6b wsc9\"> </span></span></span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:405.25067px;\">Real<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d deri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s in financin<span class=\"_ _0\"></span>g<span class=\"_ _351\"> </span> </div><div class=\"t m0 h3a ffd1 fs13 fc2 sc0 ls3 ws3\" style=\"left:176.1738px; bottom:409.2467px;\">1</div><div class=\"t m0 h25 ffd0 fse fc2 sc0 ls62 ws18e\" style=\"left:419.6901px; bottom:405.25067px;\"> 737 <span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _5a\"> </span></span> 737 <span class=\"_ _124\"> </span><span class=\"ffd1 ls3 wsfd\"> 85<span class=\"_ _351\"> </span></span><span class=\"ffd1 ls3 wsfd\"> </span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:388.2707px;\">Ca<span class=\"_ _0\"></span>sh flows on ot<span class=\"_ _0\"></span>her fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asset<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies hel<span class=\"_ _0\"></span>d for ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls60 ws8d\" style=\"bottom:373.2707px;\">purposes<span class=\"_ _31a\"> </span><span class=\"ffd0 ls63 wsd8\"> (66<span class=\"_ _0\"></span>0)<span class=\"_ _10d\"> </span><span class=\"ls62 ws18e\"> 737 <span class=\"_ _61\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _7d\"> </span><span class=\"lsa3 wsd1\">77<span class=\"_ _6b\"> </span></span></span></span></span><span class=\"ls65 ws92\"> (8<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls6b ws98\" style=\"bottom:356.2907px;\">Income tax<span class=\"_ _31b\"> </span><span class=\"ffd0 ls9f wse6\"> (<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _7d\"> </span><span class=\"ls3 wsfd\"> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _6a\"> </span></span> (<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _6a\"> </span></span><span class=\"ls65 ws92\"> (1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h25 ffcf fse fc2 sc0 ls5c ws8a\" style=\"bottom:339.31073px;\">Cash\u2002f<span class=\"_ _0\"></span>rom\u2002op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing\u2002a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _4f\"> </span><span class=\"ffd0 ls3 wsfd\"> 1,8<span class=\"_ _0\"></span>50 <span class=\"_ _5d\"> </span><span class=\"ls77 ws3\"> (20)<span class=\"_ _7d\"> </span></span> \u2013<span class=\"_ _6b\"> </span> 42 <span class=\"_ _152\"> </span> 1,<span class=\"_ _0\"></span>872 <span class=\"_ _95\"> </span><span class=\"ffd1\"> 102<span class=\"_ _351\"> </span></span></span><span class=\"ffd0 ls3 wsfd\"><span class=\"ffd1\"> </span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:322.3307px;\">Cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al elem<span class=\"_ _0\"></span>ent of leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _2f9\"> </span><span class=\"ffd0 ls77 ws3\"> (2<span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>)<span class=\"_ _2a\"> </span><span class=\"ls3 wsfd\"> 20 <span class=\"_ _71\"> </span><span class=\"ws3\">\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _ad\"> </span><span class=\"ls63 wsd8\"> (1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8)<span class=\"_ _1f7\"> </span></span></span></span></span><span class=\"lsce wsf8\"> (<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls6b ws98\" style=\"bottom:305.3507px;\">Capital expenditur<span class=\"_ _3\"></span>e and <span class=\"_ _3\"></span>investment<span class=\"_ _2bf\"> </span><span class=\"ffd0 ls5c wsaa\"> (512)<span class=\"_ _71\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _156\"> </span><span class=\"wsfd\"> 36 <span class=\"_ _25\"> </span><span class=\"ls68 ws92\"> (476<span class=\"_ _0\"></span>)<span class=\"_ _10d\"> </span></span></span></span></span><span class=\"ls74 wsa2\"> (42<span class=\"_ _0\"></span>6)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls6b ws98\" style=\"bottom:288.37073px;\">Interest<span class=\"_ _3\"></span> paid<span class=\"_ _31c\"> </span><span class=\"ffd0 ls6c ws91\"> (352)<span class=\"_ _aa\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _9c\"> </span></span> (3<span class=\"_ _0\"></span>52)<span class=\"_ _6a\"> </span></span><span class=\"ls77 wsa5\"> (3<span class=\"_ _0\"></span>31)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:271.3907px;\">Se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent of excess de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ves<span class=\"_ _201\"> </span><span class=\"ffd0 ls60 wsa3\"> (32<span class=\"_ _0\"></span>6)<span class=\"_ _aa\"> </span><span class=\"ls3 ws3\">\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _10f\"> </span></span> (326)<span class=\"_ _ad\"> </span></span><span class=\"ls74 wsa2\"> (4<span class=\"_ _0\"></span>52)<span class=\"_ _351\"> </span></span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:254.4107px;\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r (M&amp;<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>, res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ring an<span class=\"_ _0\"></span>d financi<span class=\"_ _0\"></span>al pen<span class=\"_ _0\"></span>alt<span class=\"_ _0\"></span>ies pai<span class=\"_ _0\"></span>d)<span class=\"_ _f8\"> </span><span class=\"ffd0 ls3 wsfd\"> 49 <span class=\"_ _71\"> </span><span class=\"ws3\">\u2013<span class=\"_ _64\"> </span>\u2013<span class=\"_ _6e\"> </span><span class=\"ls6c ws91\"> (<span class=\"_ _0\"></span>78)<span class=\"_ _5d\"> </span></span><span class=\"ls77\"> (2<span class=\"_ _0\"></span>9)<span class=\"_ _5e\"> </span><span class=\"ffd2 wsa5\"> 39<span class=\"_ _351\"> </span></span></span></span></span><span class=\"ffd0 ls3 wsfd\"><span class=\"ws3\"><span class=\"ls77\"><span class=\"ffd2 wsa5\"> </span></span></span></span></div><div class=\"t m0 h1a ffcf fse fc2 sc0 ls5c ws8a\" style=\"bottom:237.43073px;\">Free\u2002cash\u2002flow<span class=\"_ _2ed\"> </span><span class=\"ffd0 ls3 wsfd\"> 491 <span class=\"_ _61\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _71\"> </span> \u2013<span class=\"_ _cc\"> </span> 491 <span class=\"_ _151\"> </span><span class=\"ffd2 ls6e ws9b\"> (1<span class=\"_ _0\"></span>,4<span class=\"_ _2\"></span>42)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 h1d ffd4 fse fc2 sc0 ls5c ws8a\" style=\"bottom:220.29468px;\">\u2013 of which is continuin<span class=\"_ _0\"></span>g opera<span class=\"_ _0\"></span>tions<span class=\"_ _2f9\"> </span><span class=\"ffd5 ls7b wsaa\">505<span class=\"_ _e1\"> </span>50<span class=\"_ _0\"></span>5<span class=\"_ _9c\"> </span><span class=\"ffd6 lsc3 wsc0\">(1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>5)<span class=\"_ _351\"> </span></span></span></div><div class=\"t m0 hc ffd1 fs7 fc2 sc0 ls28 ws4f\" style=\"bottom:200.6066px;\">1<span class=\"_ _351\"> </span> </div><div class=\"t m0 h7 ffd2 fs2 fc2 sc0 ls4 ws4\" style=\"left:7.978348px; bottom:197.60959px;\">Included in working <span class=\"_ _3\"></span>capital<span class=\"_ _351\"> </span></div><div class=\"t m4ae h1a ffd2 fse fc2 sc0 ls74 wsa2\" style=\"bottom:167.60959px;\">The <span class=\"_ _2\"></span>comp<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>tive <span class=\"_ _2\"></span>info<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rent <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>to <span class=\"_ _2\"></span>align <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrent <span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ear <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m86 h1a ffd2 fse fc2 sc0 ls6d wscb\" style=\"bottom:152.60959px;\">In <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ome <span class=\"_ _2\"></span>ins<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>groupi<span class=\"_ _0\"></span>ngs <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>ms <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ay <span class=\"_ _0\"></span>have <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>ll <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>arat<span class=\"_ _0\"></span>ive <span class=\"_ _2\"></span>figure<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>rema<span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted <span class=\"_ _2\"></span>in <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _33\"></span><span class=\"ffd1 ls3 ws3\"> </span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:137.60959px;\">20<span class=\"_ _0\"></span>21 A<span class=\"_ _0\"></span>nnual Rep<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span> </div><div class=\"t m5b3 h1a ffd2 fse fc2 sc0 ls77 wsa5\" style=\"bottom:107.60959px;\">Free <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ure <span class=\"_ _0\"></span>of <span class=\"_ _2\"></span>fina<span class=\"_ _0\"></span>ncial <span class=\"_ _2\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce <span class=\"_ _2\"></span>of <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>\u2019 <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _2\"></span>flow <span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ee <span class=\"_ _2\"></span>what <span class=\"_ _2\"></span>is <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ion <span class=\"_ _2\"></span>amo<span class=\"_ _0\"></span>ng <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>se <span class=\"_ _33\"></span><span class=\"ffd1 ls3 ws3\"> </span></div><div class=\"t m6f5 h1a ffd2 fse fc2 sc0 ls6c ws99\" style=\"bottom:92.60959px;\">st<span class=\"_ _0\"></span>akeh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers <span class=\"_ _2\"></span>fun<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss <span class=\"_ _0\"></span>(i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ding <span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>bt <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>sha<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs). <span class=\"_ _0\"></span>Free <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _2\"></span>as <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>ing <span class=\"_ _2\"></span>cas<span class=\"_ _0\"></span>h <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ess <span class=\"_ _33\"></span><span class=\"ffd1 ls3 ws3\"> </span></div><div class=\"t m6f6 h1a ffd2 fse fc2 sc0 ls7b wsaa\" style=\"bottom:77.60959px;\">recurring <span class=\"_ _32\"></span>ta<span class=\"_ _0\"></span>x <span class=\"_ _f\"></span>and <span class=\"_ _f\"></span>post-employment<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>benefi<span class=\"_ _0\"></span>t <span class=\"_ _f\"></span>expenses. <span class=\"_ _f\"></span>It <span class=\"_ _f\"></span>excludes<span class=\"_ _3\"></span> <span class=\"_ _f\"></span>payments <span class=\"_ _f\"></span>made <span class=\"_ _f\"></span>to <span class=\"_ _f\"></span>shareholders, <span class=\"_ _f\"></span>amounts <span class=\"_ _f\"></span>spent <span class=\"_ _32\"></span>(or <span class=\"_ _f\"></span>received) <span class=\"_ _32\"></span>on <span class=\"_ _f\"></span>business<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:62.60959px;\">acqui<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>ls<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>lti<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aid <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>reign <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>et <span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>rd <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hat <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ree <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash <span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span> </div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws9a\" style=\"bottom:47.60959px;\">refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s cash gen<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ed from the Gro<span class=\"_ _0\"></span>up\u2019s under<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing tra<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>.<span class=\"_ _351\"> </span></div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls6e ws9b\" style=\"bottom:17.609589px;\">Cash flow<span class=\"_ _3\"></span> from operating<span class=\"_ _3\"></span> activities is deter<span class=\"_ _3\"></span>mined to<span class=\"_ _3\"></span> be the near<span class=\"_ _3\"></span>est statutory measure<span class=\"_ _3\"></span> to fr<span class=\"_ _3\"></span>ee cash flow<span class=\"_ _3\"></span>. The r<span class=\"_ _3\"></span>econciliation<span class=\"_ _3\"></span> bet<span class=\"_ _0\"></span>ween fr<span class=\"_ _3\"></span>ee<span class=\"_ _351\"> </span> </div><div class=\"t m0 h1a ffd2 fse fc2 sc0 ls5c ws8a\" style=\"bottom:2.6095886px;\">cas<span class=\"_ _0\"></span>h flow and cas<span class=\"_ _0\"></span>h flow from ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es can be fo<span class=\"_ _0\"></span>und on pag<span class=\"_ _0\"></span>e 20<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "rollsroyceholdings:DisclosureOfDerivationOfSummaryFundsFlowStatement",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-16": {
   "value": "England",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-17": {
   "value": " Kings Place,  90 York Way, London N1 9FX",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800EC7997ZBLZJH69",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}