Net treasury income Total income Gross profit Operating expenses before depreciation, amortisation and impairment Profit on disposal of business Income from equity investments Earnings before interest, tax, depreciation, amortisation and impairment Gains on digital and related assets Clearing member assets Digital assets Current borrowings and lease liabilities Clearing member financial liabilities Non-current borrowings and lease liabilities Net assets Purchase of non-controlling interests Tradeweb share buyback Shares withheld from employee options exercised (Tradeweb) Tax on investment in partnerships Adjustments to non-controlling interest Transfer between reserves Put option liability for non-controlling interests shares Authorisation of share repurchases by subsidiary Tradeweb Adjustments for gain on digital and related assets Adjustments for amortisation and impairment of intangible assets Adjustments for depreciation and impairment of property, plant and equipment Adjustments for profit on disposal of business Adjustments for fair value losses/(gains) on embedded foreign exchange contracts Adjustments for decrease in clearing member balances Cash generated from operations Payment for SwapClear intangible asset classified as investing activities Investments in financial assets and joint ventures classified as investing activities classified as investing activities Proceeds from disposal of digital assets and other business classified as investing activities Repurchase of shares by subsidiary (Tradeweb), classified as financing activities Proceeds from changes in non-controlling interests classified as financing activities Purchase of non-controlling interests classified as financing activities Increase/(decrease) in cash and cash equivalents Movements relocated between other assets and other liabilities Reclassified from other liabiltities Net increase/decrease in borrowings with short-term maturities classified as financing activities Net decrease in borrowings with short-term maturities (included in repayments of borrowings and settlement of derivative financial instruments) Disclosure of climate change Disclosure of total income and contract liabilities Description of accounting policy for contract liabilities Description of accounting policy for gains on digital and related assets