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   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls64 ws6d gsac\">1<span class=\"_ _2\"></span>. Accounti<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g policies<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls47 ws31 gsad\">(a<span class=\"_ _0\"></span>) Basis of prepar<span class=\"_ _0\"></span>ation<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsae\">A sum<span class=\"_ _2\"></span>mar<span class=\"_ _2\"></span>y of th<span class=\"_ _2\"></span>e pri<span class=\"_ _2\"></span>ncipa<span class=\"_ _2\"></span>l account<span class=\"_ _2\"></span>ing po<span class=\"_ _2\"></span>lici<span class=\"_ _2\"></span>es, al<span class=\"_ _2\"></span>l of whi<span class=\"_ _2\"></span>ch have be<span class=\"_ _2\"></span>en ap<span class=\"_ _2\"></span>plie<span class=\"_ _2\"></span>d consis<span class=\"_ _2\"></span>tently th<span class=\"_ _2\"></span>rough<span class=\"_ _2\"></span>out th<span class=\"_ _2\"></span>e year<span class=\"_ _0\"></span>, i<span class=\"_ _2\"></span>s set out b<span class=\"_ _2\"></span>elow.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls57 ws6d gsaf\">Bas<span class=\"_ _2\"></span>is of a<span class=\"_ _2\"></span>ccountin<span class=\"_ _2\"></span>g<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsb0\">Th<span class=\"_ _2\"></span>ese Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dated Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s have be<span class=\"_ _2\"></span>en prep<span class=\"_ _2\"></span>ared an<span class=\"_ _2\"></span>d app<span class=\"_ _2\"></span>roved in a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>rdan<span class=\"_ _2\"></span>ce with UK-<span class=\"_ _2\"></span>ado<span class=\"_ _2\"></span>pted Intern<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nal Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsb1\">Rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ting St<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ards (\u2018<span class=\"_ _2\"></span>IFRS\u2019<span class=\"_ _2\"></span>), app<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>able l<span class=\"_ _2\"></span>egal a<span class=\"_ _2\"></span>nd regu<span class=\"_ _2\"></span>lator<span class=\"_ _2\"></span>y req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of the Co<span class=\"_ _2\"></span>mpan<span class=\"_ _2\"></span>ies Ac<span class=\"_ _2\"></span>t 2006 a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>e UK Lis<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g Rules of t<span class=\"_ _2\"></span>he <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsb2\">Fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l Cond<span class=\"_ _2\"></span>uct Au<span class=\"_ _2\"></span>thor<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsb3\">Whe<span class=\"_ _2\"></span>re prese<span class=\"_ _2\"></span>ntati<span class=\"_ _2\"></span>onal g<span class=\"_ _2\"></span>uid<span class=\"_ _2\"></span>ance set o<span class=\"_ _2\"></span>ut in the St<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nt of Recom<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ded Pr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>ice (\u2018<span class=\"_ _2\"></span>SORP<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>) for inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt trus<span class=\"_ _2\"></span>t compa<span class=\"_ _2\"></span>nie<span class=\"_ _2\"></span>s issue<span class=\"_ _2\"></span>d by the<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsb4\">A<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ation o<span class=\"_ _2\"></span>f Invest<span class=\"_ _2\"></span>ment Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>nies (<span class=\"_ _2\"></span>\u2018<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>IC\u2019<span class=\"_ _2\"></span>) in Jul<span class=\"_ _2\"></span>y 2022 is consi<span class=\"_ _2\"></span>stent wit<span class=\"_ _2\"></span>h the req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of IFRS<span class=\"_ _2\"></span>, the Di<span class=\"_ _2\"></span>rector<span class=\"_ _2\"></span>s have sou<span class=\"_ _2\"></span>ght to prep<span class=\"_ _2\"></span>are the<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsb5\">Cons<span class=\"_ _2\"></span>olid<span class=\"_ _2\"></span>ated Fina<span class=\"_ _2\"></span>ncia<span class=\"_ _2\"></span>l Stateme<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>n a basis com<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>ant with t<span class=\"_ _2\"></span>he recom<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>dati<span class=\"_ _2\"></span>ons of th<span class=\"_ _2\"></span>e SORP<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gsb6\">Th<span class=\"_ _2\"></span>e notes a<span class=\"_ _2\"></span>nd fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al sta<span class=\"_ _2\"></span>tement<span class=\"_ _2\"></span>s are pre<span class=\"_ _2\"></span>sented i<span class=\"_ _2\"></span>n poun<span class=\"_ _2\"></span>ds ster<span class=\"_ _2\"></span>ling (<span class=\"_ _2\"></span>bein<span class=\"_ _2\"></span>g the f<span class=\"_ _2\"></span>unc<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>al curre<span class=\"_ _2\"></span>ncy a<span class=\"_ _2\"></span>nd pres<span class=\"_ _2\"></span>entat<span class=\"_ _2\"></span>ion cur<span class=\"_ _2\"></span>renc<span class=\"_ _2\"></span>y for the Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ny) </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsb7\">an<span class=\"_ _2\"></span>d are round<span class=\"_ _2\"></span>ed to the n<span class=\"_ _2\"></span>eares<span class=\"_ _2\"></span>t tho<span class=\"_ _2\"></span>usan<span class=\"_ _2\"></span>d except wh<span class=\"_ _2\"></span>ere oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>wise i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ated.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls6b ws44 gsb8\">Applicable standards and interpre<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tions<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsb9\">Th<span class=\"_ _2\"></span>e account<span class=\"_ _2\"></span>ing p<span class=\"_ _2\"></span>olici<span class=\"_ _2\"></span>es ad<span class=\"_ _2\"></span>opted are con<span class=\"_ _2\"></span>sistent w<span class=\"_ _2\"></span>ith th<span class=\"_ _2\"></span>ose of the p<span class=\"_ _2\"></span>revio<span class=\"_ _2\"></span>us fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l year, except that t<span class=\"_ _2\"></span>he follow<span class=\"_ _2\"></span>ing n<span class=\"_ _2\"></span>ew ame<span class=\"_ _2\"></span>ndm<span class=\"_ _2\"></span>ent to the<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsba\">st<span class=\"_ _2\"></span>anda<span class=\"_ _2\"></span>rds has b<span class=\"_ _2\"></span>ecome e<span class=\"_ _2\"></span>ffe<span class=\"_ _2\"></span>ctive i<span class=\"_ _2\"></span>n the cur<span class=\"_ _2\"></span>rent year:<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gsbb\">\u2022 <span class=\"_ _10\"> </span><span class=\"ff24 ws1\">Am<span class=\"_ _2\"></span>endm<span class=\"_ _2\"></span>ents to I<span class=\"_ _2\"></span>AS 1: Cl<span class=\"_ _2\"></span>assi<span class=\"_ _2\"></span>ficati<span class=\"_ _2\"></span>on of Lia<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>ies as Cu<span class=\"_ _2\"></span>rrent or N<span class=\"_ _2\"></span>on-c<span class=\"_ _2\"></span>urrent:<span class=\"ff25\"> I<span class=\"_ _2\"></span>n Janu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y 2020 and O<span class=\"_ _2\"></span>ctob<span class=\"_ _2\"></span>er 2022, th<span class=\"_ _2\"></span>e IA<span class=\"_ _2\"></span>SB issu<span class=\"_ _2\"></span>ed </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gsbc\">amendments to<span class=\"_ _0\"></span> specif<span class=\"_ _2\"></span>y<span class=\"_ _1\"></span> the r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>quir<span class=\"_ _0\"></span>ements for c<span class=\"_ _0\"></span>lassif<span class=\"_ _2\"></span>ying li<span class=\"_ _0\"></span>ab<span class=\"_ _2\"></span>ili<span class=\"_ _0\"></span>ties as cu<span class=\"_ _0\"></span>rrent or non-current.<span class=\"_ _0\"></span> T<span class=\"_ _2\"></span>he<span class=\"_ _1\"></span> amendments clarify: </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls1 ws1 gsbd\"> <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">What i<span class=\"_ _2\"></span>s meant by a r<span class=\"_ _2\"></span>ight to de<span class=\"_ _2\"></span>fer set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent;</span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls1 ws1 gsbe\"> <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">Th<span class=\"_ _2\"></span>at a righ<span class=\"_ _2\"></span>t to defer mu<span class=\"_ _2\"></span>st exis<span class=\"_ _2\"></span>t at the e<span class=\"_ _2\"></span>nd of th<span class=\"_ _2\"></span>e repo<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>ng pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>;</span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls1 ws1 gsbf\"> <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">Th<span class=\"_ _2\"></span>at clas<span class=\"_ _2\"></span>sific<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n is unaf<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed by t<span class=\"_ _2\"></span>he like<span class=\"_ _2\"></span>liho<span class=\"_ _2\"></span>od tha<span class=\"_ _2\"></span>t an enti<span class=\"_ _2\"></span>ty w<span class=\"_ _2\"></span>ill exercis<span class=\"_ _2\"></span>e its de<span class=\"_ _2\"></span>ferra<span class=\"_ _2\"></span>l right<span class=\"_ _2\"></span>; and</span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls1 ws1 gsc0\"> <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">Th<span class=\"_ _2\"></span>at only i<span class=\"_ _2\"></span>f an emb<span class=\"_ _2\"></span>edd<span class=\"_ _2\"></span>ed de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tive in a conv<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ible l<span class=\"_ _2\"></span>iabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y is its<span class=\"_ _2\"></span>elf an e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent wo<span class=\"_ _2\"></span>uld the te<span class=\"_ _2\"></span>rms of a lia<span class=\"_ _2\"></span>bil<span class=\"_ _2\"></span>ity n<span class=\"_ _2\"></span>ot imp<span class=\"_ _2\"></span>act </span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls47 ws44 gsc1\">its clas<span class=\"_ _2\"></span>sificat<span class=\"_ _2\"></span>ion.</div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsc2\"> <span class=\"_ _4f\"> </span>In ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on, a req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ent ha<span class=\"_ _2\"></span>s bee<span class=\"_ _2\"></span>n introd<span class=\"_ _2\"></span>uced to requ<span class=\"_ _2\"></span>ire disclo<span class=\"_ _2\"></span>sure whe<span class=\"_ _2\"></span>n a liab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>ising f<span class=\"_ _2\"></span>rom a loa<span class=\"_ _2\"></span>n agree<span class=\"_ _2\"></span>ment is cl<span class=\"_ _2\"></span>assi<span class=\"_ _2\"></span>fied a<span class=\"_ _2\"></span>s <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsc3\">no<span class=\"_ _2\"></span>n-<span class=\"_ _2\"></span>curre<span class=\"_ _2\"></span>nt and t<span class=\"_ _2\"></span>he enti<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span>\u2019s right to d<span class=\"_ _2\"></span>efer set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent is cont<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>ent on com<span class=\"_ _2\"></span>plia<span class=\"_ _2\"></span>nce wit<span class=\"_ _2\"></span>h future cove<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s with<span class=\"_ _2\"></span>in tw<span class=\"_ _2\"></span>elve mo<span class=\"_ _2\"></span>nths<span class=\"_ _2\"></span>. <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gsc4\">The amendments are<span class=\"_ _0\"></span> app<span class=\"_ _2\"></span>lied<span class=\"_ _0\"></span> retro<span class=\"_ _0\"></span>spectively<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsc5\">Th<span class=\"_ _2\"></span>is ame<span class=\"_ _2\"></span>ndm<span class=\"_ _2\"></span>ent do<span class=\"_ _2\"></span>es not h<span class=\"_ _2\"></span>ave an im<span class=\"_ _2\"></span>pact o<span class=\"_ _2\"></span>n the Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dated Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls14 ws1 gsc6\">Standard<span class=\"_ _2\"></span>s issued but not yet effe<span class=\"_ _2\"></span>ctive<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gsc7\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">IFRS 18: Pre<span class=\"_ _2\"></span>senta<span class=\"_ _2\"></span>tion a<span class=\"_ _2\"></span>nd Dis<span class=\"_ _2\"></span>closure in F<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial Sta<span class=\"_ _2\"></span>tement<span class=\"_ _2\"></span>s: In Ap<span class=\"_ _2\"></span>ril 202<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>, the IA<span class=\"_ _2\"></span>SB is<span class=\"_ _2\"></span>sued I<span class=\"_ _2\"></span>FRS 18, wh<span class=\"_ _2\"></span>ich repl<span class=\"_ _2\"></span>aces IA<span class=\"_ _2\"></span>S 1. I<span class=\"_ _2\"></span>FRS 18 set<span class=\"_ _2\"></span>s out </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gsc8\">ge<span class=\"_ _2\"></span>nera<span class=\"_ _2\"></span>l prese<span class=\"_ _2\"></span>ntati<span class=\"_ _2\"></span>on an<span class=\"_ _2\"></span>d disclos<span class=\"_ _2\"></span>ure requ<span class=\"_ _2\"></span>ireme<span class=\"_ _2\"></span>nts th<span class=\"_ _2\"></span>at app<span class=\"_ _2\"></span>ly across t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>imar<span class=\"_ _2\"></span>y f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial s<span class=\"_ _2\"></span>tateme<span class=\"_ _2\"></span>nts a<span class=\"_ _2\"></span>nd the n<span class=\"_ _2\"></span>otes but d<span class=\"_ _2\"></span>oes n<span class=\"_ _2\"></span>ot chan<span class=\"_ _2\"></span>ge how<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gsc9\">ent<span class=\"_ _2\"></span>ities re<span class=\"_ _2\"></span>cognis<span class=\"_ _2\"></span>e and m<span class=\"_ _2\"></span>easure item<span class=\"_ _2\"></span>s in the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial s<span class=\"_ _2\"></span>tatem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>is inclu<span class=\"_ _2\"></span>des t<span class=\"_ _2\"></span>he requ<span class=\"_ _2\"></span>ireme<span class=\"_ _2\"></span>nt for pres<span class=\"_ _2\"></span>entat<span class=\"_ _2\"></span>ion of t<span class=\"_ _2\"></span>wo ne<span class=\"_ _2\"></span>w defi<span class=\"_ _2\"></span>ned su<span class=\"_ _2\"></span>btotal<span class=\"_ _2\"></span>s </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gsca\">in the<span class=\"_ _0\"></span> Income Stat<span class=\"_ _0\"></span>ement. It also<span class=\"_ _0\"></span> requires d<span class=\"_ _1\"></span>iscl<span class=\"_ _1\"></span>osur<span class=\"_ _0\"></span>e of management<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>defined performance<span class=\"_ _0\"></span> measures and<span class=\"_ _0\"></span> includes new r<span class=\"_ _0\"></span>equirements f<span class=\"_ _0\"></span>or </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gscb\">ag<span class=\"_ _2\"></span>gregat<span class=\"_ _2\"></span>ion an<span class=\"_ _2\"></span>d disa<span class=\"_ _2\"></span>ggre<span class=\"_ _2\"></span>gatio<span class=\"_ _2\"></span>n of fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l infor<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n base<span class=\"_ _2\"></span>d on the i<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span>ifie<span class=\"_ _2\"></span>d \u2018roles\u2019 of th<span class=\"_ _2\"></span>e prim<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al st<span class=\"_ _2\"></span>atement<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d the no<span class=\"_ _2\"></span>tes. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls1 ws24 gscc\">The amendment<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> may become e<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>fectiv<span class=\"_ _0\"></span>e for annual<span class=\"_ _0\"></span> repor<span class=\"_ _2\"></span>ting<span class=\"_ _1\"></span> periods beginning on<span class=\"_ _0\"></span> or after 1 Janu<span class=\"_ _1\"></span>ar<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> 2027<span class=\"_ _f\"></span>, with<span class=\"_ _0\"></span> early application permitt<span class=\"_ _0\"></span>ed, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gscd\">an<span class=\"_ _2\"></span>d with any ch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>es be<span class=\"_ _2\"></span>ing ap<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>ed retrosp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>ively. Howeve<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>, thi<span class=\"_ _2\"></span>s sta<span class=\"_ _2\"></span>ndard h<span class=\"_ _2\"></span>as not yet b<span class=\"_ _2\"></span>een e<span class=\"_ _2\"></span>ndo<span class=\"_ _2\"></span>rsed fo<span class=\"_ _2\"></span>r use in th<span class=\"_ _2\"></span>e UK<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsce\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p doe<span class=\"_ _2\"></span>s not consi<span class=\"_ _2\"></span>der t<span class=\"_ _2\"></span>hat the f<span class=\"_ _2\"></span>uture a<span class=\"_ _2\"></span>dopt<span class=\"_ _2\"></span>ion of an<span class=\"_ _2\"></span>y new st<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ards, a<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ded s<span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>dards or i<span class=\"_ _2\"></span>nterpret<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns, in t<span class=\"_ _2\"></span>he form cu<span class=\"_ _2\"></span>rrentl<span class=\"_ _2\"></span>y </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gscf\">avai<span class=\"_ _2\"></span>lab<span class=\"_ _2\"></span>le, wil<span class=\"_ _2\"></span>l have any ma<span class=\"_ _2\"></span>terial i<span class=\"_ _2\"></span>mpac<span class=\"_ _2\"></span>t on th<span class=\"_ _2\"></span>e Conso<span class=\"_ _2\"></span>lidate<span class=\"_ _2\"></span>d Finan<span class=\"_ _2\"></span>cial St<span class=\"_ _2\"></span>atemen<span class=\"_ _2\"></span>ts as p<span class=\"_ _2\"></span>resented<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls6b ws44 gsd0\">Significant estimat<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gsd1\">The preparat<span class=\"_ _0\"></span>ion of financial<span class=\"_ _0\"></span> st<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tements<span class=\"_ _1\"></span> requir<span class=\"_ _0\"></span>es management t<span class=\"_ _0\"></span>o make estima<span class=\"_ _1\"></span>tes<span class=\"_ _0\"></span> and assumptions t<span class=\"_ _1\"></span>hat a<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>fect<span class=\"_ _0\"></span> the amounts reported f<span class=\"_ _0\"></span>or assets </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsd2\">an<span class=\"_ _2\"></span>d liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es as at th<span class=\"_ _2\"></span>e bala<span class=\"_ _2\"></span>nce she<span class=\"_ _2\"></span>et date an<span class=\"_ _2\"></span>d the am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed for rev<span class=\"_ _2\"></span>enue a<span class=\"_ _2\"></span>nd exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s dur<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e per<span class=\"_ _2\"></span>iod. T<span class=\"_ _2\"></span>he n<span class=\"_ _2\"></span>ature of th<span class=\"_ _2\"></span>e esti<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsd3\">mea<span class=\"_ _2\"></span>ns that a<span class=\"_ _2\"></span>ctua<span class=\"_ _2\"></span>l outcom<span class=\"_ _2\"></span>es could d<span class=\"_ _2\"></span>iffe<span class=\"_ _2\"></span>r from th<span class=\"_ _2\"></span>ose es<span class=\"_ _2\"></span>timates<span class=\"_ _2\"></span>. Es<span class=\"_ _2\"></span>timates a<span class=\"_ _2\"></span>nd un<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>lyin<span class=\"_ _2\"></span>g assum<span class=\"_ _2\"></span>ptio<span class=\"_ _2\"></span>ns are revi<span class=\"_ _2\"></span>ewed on a<span class=\"_ _2\"></span>n ong<span class=\"_ _2\"></span>oin<span class=\"_ _2\"></span>g basis<span class=\"_ _2\"></span>. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsd4\">Revi<span class=\"_ _2\"></span>sions to a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng est<span class=\"_ _2\"></span>imates a<span class=\"_ _2\"></span>re recogni<span class=\"_ _2\"></span>sed in t<span class=\"_ _2\"></span>he pe<span class=\"_ _2\"></span>riod i<span class=\"_ _2\"></span>n which t<span class=\"_ _2\"></span>he es<span class=\"_ _2\"></span>timate<span class=\"_ _2\"></span>s are revise<span class=\"_ _2\"></span>d and i<span class=\"_ _2\"></span>n any futu<span class=\"_ _2\"></span>re per<span class=\"_ _2\"></span>iods af<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>ted. </div><div class=\"t m0 h1c ff18 fs5 fc4 sc0 lsca wsf4 gsd5\">Revalu<span class=\"_ _2\"></span>ation of i<span class=\"_ _2\"></span>nvestme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties (estim<span class=\"_ _2\"></span>ate)<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsd6\">Sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>cant e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ates and a<span class=\"_ _2\"></span>ssum<span class=\"_ _2\"></span>ptio<span class=\"_ _2\"></span>ns are ma<span class=\"_ _2\"></span>de in th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>ation of t<span class=\"_ _2\"></span>he inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p eng<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>d an ind<span class=\"_ _2\"></span>epe<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>nt valu<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsd7\">sp<span class=\"_ _2\"></span>ecial<span class=\"_ _2\"></span>ist to asse<span class=\"_ _2\"></span>ss fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ues for t<span class=\"_ _2\"></span>he inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e key assu<span class=\"_ _2\"></span>mptio<span class=\"_ _2\"></span>ns use<span class=\"_ _2\"></span>d to determi<span class=\"_ _2\"></span>ne th<span class=\"_ _2\"></span>e fair v<span class=\"_ _2\"></span>alue of t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s and </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsd8\">sen<span class=\"_ _2\"></span>sitiv<span class=\"_ _2\"></span>ity a<span class=\"_ _2\"></span>naly<span class=\"_ _2\"></span>ses are p<span class=\"_ _2\"></span>rovide<span class=\"_ _2\"></span>d in Notes 9 a<span class=\"_ _2\"></span>nd 16.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls13 ws37 gsd9\">Other est<span class=\"_ _0\"></span>imates<span class=\"_ _231\"> </span></div><div class=\"t m0 h1c ff18 fs5 fc4 sc0 ls14 ws1 gsda\">Provision for expe<span class=\"_ _2\"></span>cted credit losses of accrued re<span class=\"_ _2\"></span>nt and trade receivab<span class=\"_ _2\"></span>les (estimate<span class=\"_ _0\"></span>)<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsdb\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p uses a p<span class=\"_ _2\"></span>rovisio<span class=\"_ _2\"></span>n matri<span class=\"_ _2\"></span>x to calcul<span class=\"_ _2\"></span>ate expe<span class=\"_ _2\"></span>cted cred<span class=\"_ _2\"></span>it losse<span class=\"_ _2\"></span>s for accru<span class=\"_ _2\"></span>ed rent a<span class=\"_ _2\"></span>nd tra<span class=\"_ _2\"></span>de recei<span class=\"_ _2\"></span>vab<span class=\"_ _2\"></span>les. T<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>rovisio<span class=\"_ _2\"></span>n rates are in<span class=\"_ _2\"></span>itial<span class=\"_ _2\"></span>ly </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsdc\">bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s histor<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>l obser<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>d defa<span class=\"_ _2\"></span>ult rates<span class=\"_ _2\"></span>, adj<span class=\"_ _2\"></span>usted for fo<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span>-lo<span class=\"_ _2\"></span>okin<span class=\"_ _2\"></span>g infor<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n. At eve<span class=\"_ _2\"></span>ry re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g date, th<span class=\"_ _2\"></span>e histor<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>l </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsdd\">obs<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ved def<span class=\"_ _2\"></span>ault r<span class=\"_ _2\"></span>ates are up<span class=\"_ _2\"></span>dated an<span class=\"_ _2\"></span>d chan<span class=\"_ _2\"></span>ges in t<span class=\"_ _2\"></span>he for<span class=\"_ _2\"></span>wa<span class=\"_ _2\"></span>rd-<span class=\"_ _2\"></span>look<span class=\"_ _2\"></span>ing e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ates are ana<span class=\"_ _2\"></span>lyse<span class=\"_ _2\"></span>d. Whe<span class=\"_ _2\"></span>re histo<span class=\"_ _2\"></span>rica<span class=\"_ _2\"></span>l por<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio los<span class=\"_ _2\"></span>ses are n<span class=\"_ _2\"></span>ot </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsde\">tho<span class=\"_ _2\"></span>ught a<span class=\"_ _2\"></span>n app<span class=\"_ _2\"></span>ropri<span class=\"_ _2\"></span>ate measu<span class=\"_ _2\"></span>re of expe<span class=\"_ _2\"></span>cted cred<span class=\"_ _2\"></span>it losse<span class=\"_ _2\"></span>s base<span class=\"_ _2\"></span>d on the ci<span class=\"_ _2\"></span>rcumst<span class=\"_ _2\"></span>ances of p<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ticul<span class=\"_ _2\"></span>ar tena<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>, the ex<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>ted credit los<span class=\"_ _2\"></span>ses a<span class=\"_ _2\"></span>re </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsdf\">ca<span class=\"_ _2\"></span>lculated by i<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span>if<span class=\"_ _2\"></span>yin<span class=\"_ _2\"></span>g scenar<span class=\"_ _2\"></span>ios tha<span class=\"_ _2\"></span>t speci<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>y the am<span class=\"_ _2\"></span>ount a<span class=\"_ _2\"></span>nd tim<span class=\"_ _2\"></span>ing of c<span class=\"_ _2\"></span>ash flo<span class=\"_ _2\"></span>ws for pa<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>cula<span class=\"_ _2\"></span>r outcome<span class=\"_ _2\"></span>s based o<span class=\"_ _2\"></span>n the G<span class=\"_ _2\"></span>roup\u2019s de<span class=\"_ _2\"></span>tail<span class=\"_ _2\"></span>ed </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gse0\">kno<span class=\"_ _2\"></span>wled<span class=\"_ _2\"></span>ge, an<span class=\"_ _2\"></span>alysi<span class=\"_ _2\"></span>s and un<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>ndin<span class=\"_ _2\"></span>g of the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial s<span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>ding o<span class=\"_ _2\"></span>f each in<span class=\"_ _2\"></span>divi<span class=\"_ _2\"></span>dual re<span class=\"_ _2\"></span>ntal i<span class=\"_ _2\"></span>ncome d<span class=\"_ _2\"></span>ebtor (i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, where a<span class=\"_ _2\"></span>pprop<span class=\"_ _2\"></span>riate, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gse1\">consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ation o<span class=\"_ _2\"></span>f rental g<span class=\"_ _2\"></span>uar<span class=\"_ _2\"></span>antees<span class=\"_ _2\"></span>, renta<span class=\"_ _2\"></span>l dep<span class=\"_ _2\"></span>osits a<span class=\"_ _2\"></span>nd oth<span class=\"_ _2\"></span>er form<span class=\"_ _2\"></span>s of suret<span class=\"_ _2\"></span>y). The ex<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>ted credit lo<span class=\"_ _2\"></span>ss is ca<span class=\"_ _2\"></span>lculated b<span class=\"_ _2\"></span>y weigh<span class=\"_ _2\"></span>ting t<span class=\"_ _2\"></span>he <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gse2\">pred<span class=\"_ _2\"></span>icted l<span class=\"_ _2\"></span>oss un<span class=\"_ _2\"></span>der ea<span class=\"_ _2\"></span>ch scenar<span class=\"_ _2\"></span>io by an e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ate of the p<span class=\"_ _2\"></span>robab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y of each of t<span class=\"_ _2\"></span>hese o<span class=\"_ _2\"></span>utcomes<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gse3\">Th<span class=\"_ _2\"></span>e asse<span class=\"_ _2\"></span>ssm<span class=\"_ _2\"></span>ent of th<span class=\"_ _2\"></span>e correl<span class=\"_ _2\"></span>ation b<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>ween h<span class=\"_ _2\"></span>istori<span class=\"_ _2\"></span>cal o<span class=\"_ _2\"></span>bser<span class=\"_ _2\"></span>ved d<span class=\"_ _2\"></span>efau<span class=\"_ _2\"></span>lt rates<span class=\"_ _2\"></span>, for<span class=\"_ _2\"></span>ward lo<span class=\"_ _2\"></span>okin<span class=\"_ _2\"></span>g inform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n and es<span class=\"_ _2\"></span>tima<span class=\"_ _2\"></span>ted credit lo<span class=\"_ _2\"></span>sses is<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gse4\">an es<span class=\"_ _2\"></span>tim<span class=\"_ _2\"></span>ate, as is the a<span class=\"_ _2\"></span>sses<span class=\"_ _2\"></span>smen<span class=\"_ _2\"></span>t of the cor<span class=\"_ _2\"></span>relati<span class=\"_ _2\"></span>on be<span class=\"_ _2\"></span>twe<span class=\"_ _2\"></span>en the i<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span>ific<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of the p<span class=\"_ _2\"></span>otentia<span class=\"_ _2\"></span>l scenar<span class=\"_ _2\"></span>ios th<span class=\"_ _2\"></span>at may ari<span class=\"_ _2\"></span>se and t<span class=\"_ _2\"></span>he es<span class=\"_ _2\"></span>timate<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gse5\">prob<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y of each su<span class=\"_ _2\"></span>ch scenar<span class=\"_ _2\"></span>io occur<span class=\"_ _2\"></span>rin<span class=\"_ _2\"></span>g. Th<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>unt of es<span class=\"_ _2\"></span>timated cre<span class=\"_ _2\"></span>dit los<span class=\"_ _2\"></span>ses is se<span class=\"_ _2\"></span>nsiti<span class=\"_ _2\"></span>ve to chang<span class=\"_ _2\"></span>es in th<span class=\"_ _2\"></span>e fina<span class=\"_ _2\"></span>ncia<span class=\"_ _2\"></span>l circumst<span class=\"_ _2\"></span>ances<span class=\"_ _2\"></span> <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gse6\">of in<span class=\"_ _2\"></span>divi<span class=\"_ _2\"></span>dual te<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s and i<span class=\"_ _2\"></span>n for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span>-lo<span class=\"_ _2\"></span>okin<span class=\"_ _2\"></span>g infor<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n. Fur<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r deta<span class=\"_ _2\"></span>ils a<span class=\"_ _2\"></span>re provid<span class=\"_ _2\"></span>ed in No<span class=\"_ _2\"></span>tes 3 and 16.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls47 ws31 gse8\">Going concer<span class=\"_ _0\"></span>n<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gse9\">Th<span class=\"_ _2\"></span>e Dire<span class=\"_ _2\"></span>ctors ha<span class=\"_ _2\"></span>ve contin<span class=\"_ _2\"></span>ued to pl<span class=\"_ _2\"></span>ace a par<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>cular fo<span class=\"_ _2\"></span>cus on th<span class=\"_ _2\"></span>e app<span class=\"_ _2\"></span>ropria<span class=\"_ _2\"></span>tenes<span class=\"_ _2\"></span>s of ado<span class=\"_ _2\"></span>ptin<span class=\"_ _2\"></span>g the go<span class=\"_ _2\"></span>ing con<span class=\"_ _2\"></span>cern ba<span class=\"_ _2\"></span>sis in <span class=\"_ _2\"></span>pre<span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>rin<span class=\"_ _2\"></span>g t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsea\">st<span class=\"_ _2\"></span>atemen<span class=\"_ _2\"></span>ts for th<span class=\"_ _2\"></span>e year e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s goin<span class=\"_ _2\"></span>g concer<span class=\"_ _2\"></span>n asse<span class=\"_ _2\"></span>ssme<span class=\"_ _2\"></span>nt par<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>cular<span class=\"_ _2\"></span>ly consi<span class=\"_ _2\"></span>dered t<span class=\"_ _2\"></span>hat:<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gseb\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>e of the G<span class=\"_ _2\"></span>roup\u2019s p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfol<span class=\"_ _2\"></span>io of ass<span class=\"_ _2\"></span>ets si<span class=\"_ _2\"></span>gnif<span class=\"_ _2\"></span>icant<span class=\"_ _2\"></span>ly exceed<span class=\"_ _2\"></span>s the va<span class=\"_ _2\"></span>lue of it<span class=\"_ _2\"></span>s liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gsec\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p is contr<span class=\"_ _2\"></span>actu<span class=\"_ _2\"></span>ally en<span class=\"_ _2\"></span>titled to re<span class=\"_ _2\"></span>ceive rent<span class=\"_ _2\"></span>al inco<span class=\"_ _2\"></span>me wh<span class=\"_ _2\"></span>ich sign<span class=\"_ _2\"></span>ific<span class=\"_ _2\"></span>antly e<span class=\"_ _2\"></span>xceeds it<span class=\"_ _2\"></span>s foreca<span class=\"_ _2\"></span>st exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s and lo<span class=\"_ _2\"></span>an intere<span class=\"_ _2\"></span>st; </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gsed\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p remai<span class=\"_ _2\"></span>ns with<span class=\"_ _2\"></span>in its l<span class=\"_ _2\"></span>oan coven<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span>s, wit<span class=\"_ _2\"></span>h a weigh<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed ave<span class=\"_ _2\"></span>rag<span class=\"_ _2\"></span>e term to matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y of 4.<span class=\"_ _2\"></span>2 years a<span class=\"_ _2\"></span>nd a fixe<span class=\"_ _2\"></span>d interes<span class=\"_ _2\"></span>t rate on \u00a32<span class=\"_ _2\"></span>30 mill<span class=\"_ _2\"></span>ion </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsee\">of th<span class=\"_ _2\"></span>e Group\u2019s b<span class=\"_ _2\"></span>orrow<span class=\"_ _2\"></span>ings at 3<span class=\"_ _2\"></span>0 June 2025;<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gsef\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p had b<span class=\"_ _2\"></span>ank lo<span class=\"_ _2\"></span>an faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s that we<span class=\"_ _2\"></span>re due to exp<span class=\"_ _2\"></span>ire in Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2025 which re<span class=\"_ _2\"></span>sulted in t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup hav<span class=\"_ _2\"></span>ing ne<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ve net curre<span class=\"_ _2\"></span>nt </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsf0\">ass<span class=\"_ _2\"></span>ets at 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _2\"></span>. Subs<span class=\"_ _2\"></span>eque<span class=\"_ _2\"></span>nt to the ba<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>ce sheet d<span class=\"_ _2\"></span>ate, the G<span class=\"_ _2\"></span>roup su<span class=\"_ _2\"></span>ccessf<span class=\"_ _2\"></span>ully re<span class=\"_ _2\"></span>-f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ced the<span class=\"_ _2\"></span>se loa<span class=\"_ _2\"></span>ns; </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gsf1\">\u2022 <span class=\"_ _10\"> </span><span class=\"ls2f ws1\">Th<span class=\"_ _2\"></span>e previ<span class=\"_ _2\"></span>ous cont<span class=\"_ _2\"></span>inuat<span class=\"_ _2\"></span>ion vote th<span class=\"_ _2\"></span>at was req<span class=\"_ _2\"></span>uired to b<span class=\"_ _2\"></span>e propo<span class=\"_ _2\"></span>sed un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any\u2019s A<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>icles w<span class=\"_ _2\"></span>as pass<span class=\"_ _2\"></span>ed wit<span class=\"_ _2\"></span>h 100 p<span class=\"_ _2\"></span>er ce<span class=\"_ _2\"></span>nt of t<span class=\"_ _2\"></span>he vo<span class=\"_ _2\"></span>tes </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsf2\">cas<span class=\"_ _2\"></span>t bei<span class=\"_ _2\"></span>ng in f<span class=\"_ _2\"></span>avour of th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any\u2019s con<span class=\"_ _2\"></span>tinu<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e nex<span class=\"_ _2\"></span>t continu<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n vote unde<span class=\"_ _2\"></span>r the Co<span class=\"_ _2\"></span>mpany<span class=\"_ _2\"></span>\u2019s Ar<span class=\"_ _2\"></span>ticle<span class=\"_ _2\"></span>s is requ<span class=\"_ _2\"></span>ired to be p<span class=\"_ _2\"></span>ropose<span class=\"_ _2\"></span>d at </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsf3\">the AG<span class=\"_ _2\"></span>M expe<span class=\"_ _2\"></span>cted to be h<span class=\"_ _2\"></span>eld in 2027<span class=\"_ _0\"></span>. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsf4\">Th<span class=\"_ _2\"></span>e foreca<span class=\"_ _2\"></span>st cas<span class=\"_ _2\"></span>h flows co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>red as pa<span class=\"_ _2\"></span>rt of t<span class=\"_ _2\"></span>he go<span class=\"_ _2\"></span>ing con<span class=\"_ _2\"></span>cern as<span class=\"_ _2\"></span>sess<span class=\"_ _2\"></span>ment a<span class=\"_ _2\"></span>re based o<span class=\"_ _2\"></span>n the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od from t<span class=\"_ _2\"></span>he date of ap<span class=\"_ _2\"></span>prova<span class=\"_ _2\"></span>l of the </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsf5\">fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al st<span class=\"_ _2\"></span>atement<span class=\"_ _2\"></span>s to 31 Decem<span class=\"_ _2\"></span>ber 2026 as co<span class=\"_ _2\"></span>ntain<span class=\"_ _2\"></span>ed in t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s five<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>year via<span class=\"_ _2\"></span>bili<span class=\"_ _2\"></span>ty m<span class=\"_ _2\"></span>ode<span class=\"_ _2\"></span>l (as set out o<span class=\"_ _2\"></span>n pag<span class=\"_ _2\"></span>es 38 an<span class=\"_ _2\"></span>d 39)<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he vi<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsf6\">mo<span class=\"_ _2\"></span>del is b<span class=\"_ _2\"></span>ased o<span class=\"_ _2\"></span>n a severe b<span class=\"_ _2\"></span>ut pla<span class=\"_ _2\"></span>usib<span class=\"_ _2\"></span>le downs<span class=\"_ _2\"></span>ide sce<span class=\"_ _2\"></span>nari<span class=\"_ _2\"></span>o. Thro<span class=\"_ _2\"></span>ugho<span class=\"_ _2\"></span>ut thi<span class=\"_ _2\"></span>s severe bu<span class=\"_ _2\"></span>t plau<span class=\"_ _2\"></span>sible d<span class=\"_ _2\"></span>ownsi<span class=\"_ _2\"></span>de scen<span class=\"_ _2\"></span>ario t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup has s<span class=\"_ _2\"></span>uff<span class=\"_ _2\"></span>icien<span class=\"_ _2\"></span>t </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsf7\">cas<span class=\"_ _2\"></span>h reser<span class=\"_ _2\"></span>ves a<span class=\"_ _2\"></span>nd is fore<span class=\"_ _2\"></span>cast to b<span class=\"_ _2\"></span>e able to rem<span class=\"_ _2\"></span>ain wi<span class=\"_ _2\"></span>thin th<span class=\"_ _2\"></span>e fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l covenan<span class=\"_ _2\"></span>ts for ea<span class=\"_ _2\"></span>ch of its l<span class=\"_ _2\"></span>oan fa<span class=\"_ _2\"></span>ciliti<span class=\"_ _2\"></span>es for a p<span class=\"_ _2\"></span>erio<span class=\"_ _2\"></span>d of at leas<span class=\"_ _2\"></span>t tw<span class=\"_ _2\"></span>elve </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsf8\">mo<span class=\"_ _2\"></span>nths fro<span class=\"_ _2\"></span>m the date of a<span class=\"_ _2\"></span>pprova<span class=\"_ _2\"></span>l of the<span class=\"_ _2\"></span>se fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l state<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup has a s<span class=\"_ _2\"></span>ignif<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>nt bal<span class=\"_ _2\"></span>ance of ca<span class=\"_ _2\"></span>sh and u<span class=\"_ _2\"></span>ndr<span class=\"_ _2\"></span>awn de<span class=\"_ _2\"></span>bt avail<span class=\"_ _2\"></span>able a<span class=\"_ _2\"></span>nd </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsf9\">the G<span class=\"_ _2\"></span>roup\u2019s cur<span class=\"_ _2\"></span>rent po<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>y is to pru<span class=\"_ _2\"></span>dentl<span class=\"_ _2\"></span>y retain a p<span class=\"_ _2\"></span>ropor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>is to ensure it c<span class=\"_ _2\"></span>an conti<span class=\"_ _2\"></span>nue to pay t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s expe<span class=\"_ _2\"></span>nses a<span class=\"_ _2\"></span>nd loa<span class=\"_ _2\"></span>n interes<span class=\"_ _2\"></span>t </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsfa\">in th<span class=\"_ _2\"></span>e unli<span class=\"_ _2\"></span>kely scen<span class=\"_ _2\"></span>ario t<span class=\"_ _2\"></span>hat th<span class=\"_ _2\"></span>e level of ren<span class=\"_ _2\"></span>tal in<span class=\"_ _2\"></span>come rece<span class=\"_ _2\"></span>ived d<span class=\"_ _2\"></span>eterior<span class=\"_ _2\"></span>ates sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>cantl<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n retain<span class=\"_ _2\"></span>ed wi<span class=\"_ _2\"></span>ll be kep<span class=\"_ _2\"></span>t unde<span class=\"_ _2\"></span>r review<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gsfb\">dependent on portfolio performanc<span class=\"_ _0\"></span>e and market<span class=\"_ _0\"></span> conditions.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsfc\">Bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>ese con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>ns, t<span class=\"_ _2\"></span>he Dire<span class=\"_ _2\"></span>ctors co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>r that th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p has a<span class=\"_ _2\"></span>dequ<span class=\"_ _2\"></span>ate resources to con<span class=\"_ _2\"></span>tinu<span class=\"_ _2\"></span>e in ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>onal e<span class=\"_ _2\"></span>xisten<span class=\"_ _2\"></span>ce to </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsfd\">31 Dece<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2026, whi<span class=\"_ _2\"></span>ch is at leas<span class=\"_ _2\"></span>t twe<span class=\"_ _2\"></span>lve mon<span class=\"_ _2\"></span>ths from t<span class=\"_ _2\"></span>he date of is<span class=\"_ _2\"></span>suan<span class=\"_ _2\"></span>ce of this rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>t. For t<span class=\"_ _2\"></span>his reaso<span class=\"_ _2\"></span>n, th<span class=\"_ _2\"></span>ey contin<span class=\"_ _2\"></span>ue to ad<span class=\"_ _2\"></span>opt th<span class=\"_ _2\"></span>e goin<span class=\"_ _2\"></span>g </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsfe\">conce<span class=\"_ _2\"></span>rn basi<span class=\"_ _2\"></span>s in prep<span class=\"_ _2\"></span>arin<span class=\"_ _2\"></span>g the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial st<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts for t<span class=\"_ _2\"></span>he year e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gsff\">In pre<span class=\"_ _2\"></span>pari<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e Conso<span class=\"_ _2\"></span>lidated F<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial St<span class=\"_ _2\"></span>atement<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>he Dire<span class=\"_ _2\"></span>ctors h<span class=\"_ _2\"></span>ave consi<span class=\"_ _2\"></span>dered t<span class=\"_ _2\"></span>he imp<span class=\"_ _2\"></span>act of cl<span class=\"_ _2\"></span>imate cha<span class=\"_ _2\"></span>nge ri<span class=\"_ _2\"></span>sk as set o<span class=\"_ _2\"></span>ut on pa<span class=\"_ _2\"></span>ge 26. In<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs100\">lin<span class=\"_ _2\"></span>e with IFR<span class=\"_ _2\"></span>S, inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s are valu<span class=\"_ _2\"></span>ed at fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue bas<span class=\"_ _2\"></span>ed on op<span class=\"_ _2\"></span>en ma<span class=\"_ _2\"></span>rket va<span class=\"_ _2\"></span>luatio<span class=\"_ _2\"></span>ns as de<span class=\"_ _2\"></span>scrib<span class=\"_ _2\"></span>ed in N<span class=\"_ _2\"></span>otes 1(h) and 9. T<span class=\"_ _2\"></span>he as<span class=\"_ _2\"></span>sess<span class=\"_ _2\"></span>ment </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs101\">of the<span class=\"_ _0\"></span> op<span class=\"_ _2\"></span>en<span class=\"_ _0\"></span> market valua<span class=\"_ _0\"></span>tion includes c<span class=\"_ _0\"></span>onsideration of<span class=\"_ _0\"></span> environmental<span class=\"_ _1\"></span> matters<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> the condition<span class=\"_ _0\"></span> of each pr<span class=\"_ _0\"></span>oper<span class=\"_ _2\"></span>ty.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> investment pr<span class=\"_ _0\"></span>oper<span class=\"_ _2\"></span>ties </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs102\">conti<span class=\"_ _2\"></span>nue to be m<span class=\"_ _2\"></span>onito<span class=\"_ _2\"></span>red by the I<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment M<span class=\"_ _2\"></span>anag<span class=\"_ _2\"></span>er an<span class=\"_ _2\"></span>d key consid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ions i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e EPC rat<span class=\"_ _2\"></span>ings as s<span class=\"_ _2\"></span>umma<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span>d at a por<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>folio lev<span class=\"_ _2\"></span>el on pa<span class=\"_ _2\"></span>ge 9 </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs103\">an<span class=\"_ _2\"></span>d thei<span class=\"_ _2\"></span>r impa<span class=\"_ _2\"></span>ct on t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties\u2019 fo<span class=\"_ _2\"></span>recas<span class=\"_ _2\"></span>t compl<span class=\"_ _2\"></span>iance w<span class=\"_ _2\"></span>ith for<span class=\"_ _2\"></span>thcom<span class=\"_ _2\"></span>ing m<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>um ene<span class=\"_ _2\"></span>rgy ef<span class=\"_ _2\"></span>fici<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y sta<span class=\"_ _2\"></span>nda<span class=\"_ _2\"></span>rds. Hav<span class=\"_ _2\"></span>ing as<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>e impa<span class=\"_ _2\"></span>ct </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs104\">of clim<span class=\"_ _2\"></span>ate chan<span class=\"_ _2\"></span>ge on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p, the Di<span class=\"_ _2\"></span>rector<span class=\"_ _2\"></span>s conclu<span class=\"_ _2\"></span>ded th<span class=\"_ _2\"></span>at it is not e<span class=\"_ _2\"></span>xpec<span class=\"_ _2\"></span>ted to have a si<span class=\"_ _2\"></span>gnif<span class=\"_ _2\"></span>icant i<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ct on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s goin<span class=\"_ _2\"></span>g concer<span class=\"_ _2\"></span>n or </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs105\">via<span class=\"_ _2\"></span>bili<span class=\"_ _2\"></span>ty as<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span>sment a<span class=\"_ _2\"></span>s descr<span class=\"_ _2\"></span>ibe<span class=\"_ _2\"></span>d on pa<span class=\"_ _2\"></span>ges 38 a<span class=\"_ _2\"></span>nd 39.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls47 ws31 gs106\">(b<span class=\"_ _0\"></span>) Basis of cons<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>lida<span class=\"_ _0\"></span>tion<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs107\">Th<span class=\"_ _2\"></span>e Conso<span class=\"_ _2\"></span>lida<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed Fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>cial Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s comp<span class=\"_ _2\"></span>rise th<span class=\"_ _2\"></span>e fina<span class=\"_ _2\"></span>ncia<span class=\"_ _2\"></span>l statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of the Co<span class=\"_ _2\"></span>mpan<span class=\"_ _2\"></span>y and al<span class=\"_ _2\"></span>l of its s<span class=\"_ _2\"></span>ubsid<span class=\"_ _2\"></span>iari<span class=\"_ _2\"></span>es draw<span class=\"_ _2\"></span>n up to 30 Jun<span class=\"_ _2\"></span>e 2025. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs108\">Sub<span class=\"_ _2\"></span>sidia<span class=\"_ _2\"></span>ries a<span class=\"_ _2\"></span>re those e<span class=\"_ _2\"></span>ntiti<span class=\"_ _2\"></span>es, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing sp<span class=\"_ _2\"></span>ecia<span class=\"_ _2\"></span>l purp<span class=\"_ _2\"></span>ose ent<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s, contro<span class=\"_ _2\"></span>lled by th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any an<span class=\"_ _2\"></span>d fur<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r inform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n is provi<span class=\"_ _2\"></span>ded in N<span class=\"_ _2\"></span>ote 11<span class=\"_ _2\"></span>. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs109\">Cont<span class=\"_ _2\"></span>rol exis<span class=\"_ _2\"></span>ts wh<span class=\"_ _2\"></span>en th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny is exp<span class=\"_ _2\"></span>osed, o<span class=\"_ _2\"></span>r has ri<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span>s, to var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e returns f<span class=\"_ _2\"></span>rom its i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment w<span class=\"_ _2\"></span>ith the i<span class=\"_ _2\"></span>nvestee a<span class=\"_ _2\"></span>nd has t<span class=\"_ _2\"></span>he ab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y to affe<span class=\"_ _2\"></span>ct </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs10a\">tho<span class=\"_ _2\"></span>se return<span class=\"_ _2\"></span>s throu<span class=\"_ _2\"></span>gh its p<span class=\"_ _2\"></span>ower ove<span class=\"_ _2\"></span>r the inve<span class=\"_ _2\"></span>stee. I<span class=\"_ _2\"></span>n asses<span class=\"_ _2\"></span>sin<span class=\"_ _2\"></span>g control<span class=\"_ _2\"></span>, potenti<span class=\"_ _2\"></span>al voti<span class=\"_ _2\"></span>ng rig<span class=\"_ _2\"></span>hts th<span class=\"_ _2\"></span>at pres<span class=\"_ _2\"></span>ently are e<span class=\"_ _2\"></span>xercisab<span class=\"_ _2\"></span>le are ta<span class=\"_ _2\"></span>ken into accou<span class=\"_ _2\"></span>nt. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs10b\">Th<span class=\"_ _2\"></span>e fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l state<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s of subs<span class=\"_ _2\"></span>idia<span class=\"_ _2\"></span>ries a<span class=\"_ _2\"></span>re inclu<span class=\"_ _2\"></span>ded in t<span class=\"_ _2\"></span>he Cons<span class=\"_ _2\"></span>olid<span class=\"_ _2\"></span>ated Fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l Stateme<span class=\"_ _2\"></span>nts f<span class=\"_ _2\"></span>rom the d<span class=\"_ _2\"></span>ate that cont<span class=\"_ _2\"></span>rol comm<span class=\"_ _2\"></span>ences u<span class=\"_ _2\"></span>ntil th<span class=\"_ _2\"></span>e </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs10c\">date th<span class=\"_ _2\"></span>at control ceas<span class=\"_ _2\"></span>es.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs10d\">In pre<span class=\"_ _2\"></span>pari<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e Conso<span class=\"_ _2\"></span>lidated F<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial St<span class=\"_ _2\"></span>atement<span class=\"_ _2\"></span>s, i<span class=\"_ _2\"></span>ntra gro<span class=\"_ _2\"></span>up bal<span class=\"_ _2\"></span>ances<span class=\"_ _2\"></span>, tra<span class=\"_ _2\"></span>nsac<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s and u<span class=\"_ _2\"></span>nrealis<span class=\"_ _2\"></span>ed gai<span class=\"_ _2\"></span>ns or los<span class=\"_ _2\"></span>ses ha<span class=\"_ _2\"></span>ve bee<span class=\"_ _2\"></span>n elim<span class=\"_ _2\"></span>inated in f<span class=\"_ _2\"></span>ull<span class=\"_ _2\"></span>. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs10e\">Uni<span class=\"_ _2\"></span>form accou<span class=\"_ _2\"></span>nting p<span class=\"_ _2\"></span>oli<span class=\"_ _2\"></span>cies are a<span class=\"_ _2\"></span>dopte<span class=\"_ _2\"></span>d for all com<span class=\"_ _2\"></span>pani<span class=\"_ _2\"></span>es wit<span class=\"_ _2\"></span>hin th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls6b ws44 gs10f\">(c<span class=\"_ _0\"></span>) Revenue recogni<span class=\"_ _0\"></span>tion<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls14 ws1 gs110\">Rental Income<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs111\">Rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come ar<span class=\"_ _2\"></span>ising o<span class=\"_ _2\"></span>n inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties is a<span class=\"_ _2\"></span>ccounted for i<span class=\"_ _2\"></span>n the Sta<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>em<span class=\"_ _2\"></span>ent of Com<span class=\"_ _2\"></span>preh<span class=\"_ _2\"></span>ensive I<span class=\"_ _2\"></span>ncome o<span class=\"_ _2\"></span>n a str<span class=\"_ _2\"></span>aigh<span class=\"_ _2\"></span>t line b<span class=\"_ _2\"></span>asis over t<span class=\"_ _2\"></span>he </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs112\">leas<span class=\"_ _2\"></span>e term ta<span class=\"_ _2\"></span>king a<span class=\"_ _2\"></span>cc<span class=\"_ _1\"></span>oun<span class=\"_ _2\"></span>t of the fol<span class=\"_ _2\"></span>lowin<span class=\"_ _2\"></span>g:<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs113\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e lease a<span class=\"_ _2\"></span>gree<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s on th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties h<span class=\"_ _2\"></span>eld wit<span class=\"_ _2\"></span>hin th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfoli<span class=\"_ _2\"></span>o gen<span class=\"_ _2\"></span>eral<span class=\"_ _2\"></span>ly allow fo<span class=\"_ _2\"></span>r regul<span class=\"_ _2\"></span>ar in<span class=\"_ _2\"></span>creases in t<span class=\"_ _2\"></span>he contr<span class=\"_ _2\"></span>acted<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs114\">rent<span class=\"_ _2\"></span>al level i<span class=\"_ _2\"></span>n line w<span class=\"_ _2\"></span>ith inf<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>on, wi<span class=\"_ _2\"></span>thin a c<span class=\"_ _2\"></span>ap and a co<span class=\"_ _2\"></span>llar, or at a fixe<span class=\"_ _2\"></span>d level<span class=\"_ _2\"></span>. Any ren<span class=\"_ _2\"></span>tal in<span class=\"_ _2\"></span>come f<span class=\"_ _2\"></span>rom such f<span class=\"_ _2\"></span>uture fi<span class=\"_ _2\"></span>xed and m<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>um </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs115\">gua<span class=\"_ _2\"></span>rantee<span class=\"_ _2\"></span>d rent revi<span class=\"_ _2\"></span>ew upl<span class=\"_ _2\"></span>ift<span class=\"_ _2\"></span>s is rec<span class=\"_ _2\"></span>alcula<span class=\"_ _2\"></span>ted to reflec<span class=\"_ _2\"></span>t the a<span class=\"_ _2\"></span>ctua<span class=\"_ _2\"></span>l rent upl<span class=\"_ _2\"></span>ift re<span class=\"_ _2\"></span>alise<span class=\"_ _2\"></span>d in the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od an<span class=\"_ _2\"></span>d is recogn<span class=\"_ _2\"></span>ised o<span class=\"_ _2\"></span>n a stra<span class=\"_ _2\"></span>ight l<span class=\"_ _2\"></span>ine ba<span class=\"_ _2\"></span>sis </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs116\">over th<span class=\"_ _2\"></span>e rema<span class=\"_ _2\"></span>inde<span class=\"_ _2\"></span>r of the le<span class=\"_ _2\"></span>ase term;<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs117\">\u2022 <span class=\"_ _10\"> </span><span class=\"ls2f ws1\">Lease i<span class=\"_ _2\"></span>ncenti<span class=\"_ _2\"></span>ves are sp<span class=\"_ _2\"></span>read eve<span class=\"_ _2\"></span>nly over t<span class=\"_ _2\"></span>he leas<span class=\"_ _2\"></span>e term, eve<span class=\"_ _2\"></span>n if paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are not m<span class=\"_ _2\"></span>ade o<span class=\"_ _2\"></span>n such a bas<span class=\"_ _2\"></span>is. T<span class=\"_ _2\"></span>he leas<span class=\"_ _2\"></span>e term is th<span class=\"_ _2\"></span>e non<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>cella<span class=\"_ _2\"></span>ble </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs118\">pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d of the lea<span class=\"_ _2\"></span>se toget<span class=\"_ _2\"></span>her w<span class=\"_ _2\"></span>ith any f<span class=\"_ _2\"></span>urt<span class=\"_ _2\"></span>her ter<span class=\"_ _2\"></span>m for whi<span class=\"_ _2\"></span>ch the ten<span class=\"_ _2\"></span>ant has t<span class=\"_ _2\"></span>he opt<span class=\"_ _2\"></span>ion to conti<span class=\"_ _2\"></span>nue th<span class=\"_ _2\"></span>e lease w<span class=\"_ _2\"></span>here, at t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>ceptio<span class=\"_ _2\"></span>n of the </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs119\">leas<span class=\"_ _2\"></span>e, the D<span class=\"_ _2\"></span>irector<span class=\"_ _2\"></span>s are reaso<span class=\"_ _2\"></span>nab<span class=\"_ _2\"></span>ly cer<span class=\"_ _2\"></span>tain t<span class=\"_ _2\"></span>hat the te<span class=\"_ _2\"></span>nant wi<span class=\"_ _2\"></span>ll exercise t<span class=\"_ _2\"></span>hat opt<span class=\"_ _2\"></span>ion; an<span class=\"_ _2\"></span>d<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs11a\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Cont<span class=\"_ _2\"></span>inge<span class=\"_ _2\"></span>nt rent<span class=\"_ _2\"></span>s are recog<span class=\"_ _2\"></span>nised i<span class=\"_ _2\"></span>n the p<span class=\"_ _2\"></span>erio<span class=\"_ _2\"></span>d in wh<span class=\"_ _2\"></span>ich they a<span class=\"_ _2\"></span>re receive<span class=\"_ _2\"></span>d.<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs11b\">Whe<span class=\"_ _2\"></span>re incom<span class=\"_ _2\"></span>e is recog<span class=\"_ _2\"></span>nised i<span class=\"_ _2\"></span>n adva<span class=\"_ _2\"></span>nce of th<span class=\"_ _2\"></span>e related c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ows due to f<span class=\"_ _2\"></span>ixed or m<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>um gua<span class=\"_ _2\"></span>rantee<span class=\"_ _2\"></span>d rent revi<span class=\"_ _2\"></span>ew upl<span class=\"_ _2\"></span>ift<span class=\"_ _2\"></span>s or le<span class=\"_ _2\"></span>ase ince<span class=\"_ _2\"></span>ntives<span class=\"_ _2\"></span>, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs11c\">an a<span class=\"_ _2\"></span>djus<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t is mad<span class=\"_ _2\"></span>e to ensure th<span class=\"_ _2\"></span>at the c<span class=\"_ _2\"></span>arr<span class=\"_ _2\"></span>yi<span class=\"_ _2\"></span>ng val<span class=\"_ _2\"></span>ue of th<span class=\"_ _2\"></span>e relevan<span class=\"_ _2\"></span>t prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y in<span class=\"_ _2\"></span>cludi<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e accrue<span class=\"_ _2\"></span>d rent rel<span class=\"_ _2\"></span>ating to su<span class=\"_ _2\"></span>ch upl<span class=\"_ _2\"></span>ift<span class=\"_ _2\"></span>s or lea<span class=\"_ _2\"></span>se </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs11d\">ince<span class=\"_ _2\"></span>ntives d<span class=\"_ _2\"></span>oes n<span class=\"_ _2\"></span>ot exceed t<span class=\"_ _2\"></span>he ex<span class=\"_ _2\"></span>terna<span class=\"_ _2\"></span>l valua<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs11e\">Any re<span class=\"_ _2\"></span>ntal in<span class=\"_ _2\"></span>come a<span class=\"_ _2\"></span>risin<span class=\"_ _2\"></span>g in the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od du<span class=\"_ _2\"></span>e to the recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of fixe<span class=\"_ _2\"></span>d or mi<span class=\"_ _2\"></span>nimu<span class=\"_ _2\"></span>m guar<span class=\"_ _2\"></span>anteed re<span class=\"_ _2\"></span>nt review u<span class=\"_ _2\"></span>plif<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s on a str<span class=\"_ _2\"></span>aig<span class=\"_ _2\"></span>ht line b<span class=\"_ _2\"></span>asis </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs11f\">is recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d in the c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al colu<span class=\"_ _2\"></span>mn of the St<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nt of Comp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsive In<span class=\"_ _2\"></span>come. T<span class=\"_ _2\"></span>his is co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>red to be ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l in nat<span class=\"_ _2\"></span>ure as it repre<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span>s </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs120\">a tim<span class=\"_ _2\"></span>ing di<span class=\"_ _2\"></span>ffere<span class=\"_ _2\"></span>nce comp<span class=\"_ _2\"></span>ared to the b<span class=\"_ _2\"></span>asis of reco<span class=\"_ _2\"></span>gniti<span class=\"_ _2\"></span>on ap<span class=\"_ _2\"></span>plie<span class=\"_ _2\"></span>d by the e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>al val<span class=\"_ _2\"></span>uers i<span class=\"_ _2\"></span>n determ<span class=\"_ _2\"></span>inin<span class=\"_ _2\"></span>g the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs121\">prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s, an<span class=\"_ _2\"></span>d therefo<span class=\"_ _2\"></span>re shou<span class=\"_ _2\"></span>ld be m<span class=\"_ _2\"></span>atched ag<span class=\"_ _2\"></span>ains<span class=\"_ _2\"></span>t the e<span class=\"_ _2\"></span>qual b<span class=\"_ _2\"></span>ut opp<span class=\"_ _2\"></span>osite ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l gain/(los<span class=\"_ _2\"></span>s) on inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls14 ws1 gs122\">Other Rent<span class=\"_ _2\"></span>al Income<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws9b gs123\">Sur<span class=\"_ _2\"></span>rend<span class=\"_ _2\"></span>er prem<span class=\"_ _2\"></span>iums rece<span class=\"_ _2\"></span>ivab<span class=\"_ _2\"></span>le are recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d on the co<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>tion of a<span class=\"_ _2\"></span>n uncon<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>onal d<span class=\"_ _2\"></span>eed of s<span class=\"_ _2\"></span>urren<span class=\"_ _2\"></span>der a<span class=\"_ _2\"></span>nd are recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d in revenu<span class=\"_ _2\"></span>e whe<span class=\"_ _2\"></span>re </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs124\">the re<span class=\"_ _2\"></span>ceipt is in co<span class=\"_ _2\"></span>mpe<span class=\"_ _2\"></span>nsati<span class=\"_ _2\"></span>on for a red<span class=\"_ _2\"></span>uct<span class=\"_ _2\"></span>ion in re<span class=\"_ _2\"></span>nt or the g<span class=\"_ _2\"></span>rant<span class=\"_ _2\"></span>ing of a ren<span class=\"_ _2\"></span>t free pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d to an incom<span class=\"_ _2\"></span>ing ten<span class=\"_ _2\"></span>ant, a<span class=\"_ _2\"></span>nd in c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al wh<span class=\"_ _2\"></span>en the p<span class=\"_ _2\"></span>remiu<span class=\"_ _2\"></span>m </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs125\">recei<span class=\"_ _2\"></span>ved is in com<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>satio<span class=\"_ _2\"></span>n for a redu<span class=\"_ _2\"></span>cti<span class=\"_ _2\"></span>on in th<span class=\"_ _2\"></span>e capi<span class=\"_ _2\"></span>tal va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e relev<span class=\"_ _2\"></span>ant prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y as a result of t<span class=\"_ _2\"></span>he tena<span class=\"_ _2\"></span>nt\u2019s su<span class=\"_ _2\"></span>rrend<span class=\"_ _2\"></span>er of th<span class=\"_ _2\"></span>e lease.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls14 ws1 gs127\">Interest Income<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs128\">Interes<span class=\"_ _2\"></span>t inco<span class=\"_ _2\"></span>me is accou<span class=\"_ _2\"></span>nted for on a<span class=\"_ _2\"></span>n accrua<span class=\"_ _2\"></span>ls ba<span class=\"_ _2\"></span>sis.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls13 ws37 gs129\">Service char<span class=\"_ _1\"></span>ges and e<span class=\"_ _0\"></span>xpenses rec<span class=\"_ _1\"></span>ov<span class=\"_ _0\"></span>erable fr<span class=\"_ _0\"></span>om tenan<span class=\"_ _1\"></span>ts<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs12a\">Inco<span class=\"_ _2\"></span>me ar<span class=\"_ _2\"></span>ising f<span class=\"_ _2\"></span>rom exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s recharg<span class=\"_ _2\"></span>ed to tenant<span class=\"_ _2\"></span>s is reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d in the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od in wh<span class=\"_ _2\"></span>ich th<span class=\"_ _2\"></span>e compe<span class=\"_ _2\"></span>nsat<span class=\"_ _2\"></span>ion b<span class=\"_ _2\"></span>ecome<span class=\"_ _2\"></span>s receiva<span class=\"_ _2\"></span>ble. S<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>vice </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs12b\">charg<span class=\"_ _2\"></span>es an<span class=\"_ _2\"></span>d othe<span class=\"_ _2\"></span>r such recei<span class=\"_ _2\"></span>pts a<span class=\"_ _2\"></span>re inclu<span class=\"_ _2\"></span>ded gros<span class=\"_ _2\"></span>s of the re<span class=\"_ _2\"></span>lated cost<span class=\"_ _2\"></span>s, as t<span class=\"_ _2\"></span>he Di<span class=\"_ _2\"></span>rector<span class=\"_ _2\"></span>s consid<span class=\"_ _2\"></span>er the G<span class=\"_ _2\"></span>roup a<span class=\"_ _2\"></span>cts a<span class=\"_ _2\"></span>s prin<span class=\"_ _2\"></span>cipa<span class=\"_ _2\"></span>l in this res<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>t. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs12c\">Property<span class=\"_ _2\"></span>-relat<span class=\"_ _0\"></span>ed expenses<span class=\"_ _1\"></span> which ar<span class=\"_ _0\"></span>e not r<span class=\"_ _0\"></span>ecoverable<span class=\"_ _0\"></span> from t<span class=\"_ _0\"></span>enants are r<span class=\"_ _0\"></span>ecognised in<span class=\"_ _0\"></span> expenses on an<span class=\"_ _0\"></span> accruals basi<span class=\"_ _1\"></span>s.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls13 ws37 gs12d\">(d<span class=\"_ _0\"></span>) Expenses<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs12e\">Ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es are accou<span class=\"_ _2\"></span>nted for on a<span class=\"_ _2\"></span>n accrua<span class=\"_ _2\"></span>ls ba<span class=\"_ _2\"></span>sis an<span class=\"_ _2\"></span>d are inclu<span class=\"_ _2\"></span>sive of ir<span class=\"_ _2\"></span>recovera<span class=\"_ _2\"></span>ble VA<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t mana<span class=\"_ _2\"></span>gem<span class=\"_ _2\"></span>ent an<span class=\"_ _2\"></span>d adm<span class=\"_ _2\"></span>inist<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>on </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs12f\">fees<span class=\"_ _2\"></span>, fin<span class=\"_ _2\"></span>ance cost<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d all oth<span class=\"_ _2\"></span>er exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s are charg<span class=\"_ _2\"></span>ed th<span class=\"_ _2\"></span>rough th<span class=\"_ _2\"></span>e Statem<span class=\"_ _2\"></span>ent of Com<span class=\"_ _2\"></span>preh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e and a<span class=\"_ _2\"></span>re charge<span class=\"_ _2\"></span>d to r<span class=\"_ _1\"></span>even<span class=\"_ _2\"></span>ue, except<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs130\">wh<span class=\"_ _2\"></span>ere such cos<span class=\"_ _2\"></span>ts rel<span class=\"_ _2\"></span>ate whol<span class=\"_ _2\"></span>ly to capi<span class=\"_ _2\"></span>tal ma<span class=\"_ _2\"></span>tters s<span class=\"_ _2\"></span>uch as th<span class=\"_ _2\"></span>e reorga<span class=\"_ _2\"></span>nisa<span class=\"_ _2\"></span>tion of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s equ<span class=\"_ _2\"></span>ity s<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>cture o<span class=\"_ _2\"></span>r the ea<span class=\"_ _2\"></span>rly repay<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t of its </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs131\">external<span class=\"_ _0\"></span> loan facilities.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls6b ws44 gs132\">(e<span class=\"_ _0\"></span>) Divide<span class=\"_ _2\"></span>nds<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs133\">Di<span class=\"_ _2\"></span>vide<span class=\"_ _2\"></span>nds are a<span class=\"_ _2\"></span>ccounted for i<span class=\"_ _2\"></span>n the p<span class=\"_ _2\"></span>erio<span class=\"_ _2\"></span>d in wh<span class=\"_ _2\"></span>ich they a<span class=\"_ _2\"></span>re paid<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls14 ws1 gs134\">(f) T<span class=\"_ _0\"></span>axation<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs135\">T<span class=\"_ _0\"></span>axat<span class=\"_ _2\"></span>ion on t<span class=\"_ _2\"></span>he prof<span class=\"_ _2\"></span>it or los<span class=\"_ _2\"></span>s for the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od not e<span class=\"_ _2\"></span>xempt un<span class=\"_ _2\"></span>der U<span class=\"_ _2\"></span>K-REI<span class=\"_ _2\"></span>T regul<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns comp<span class=\"_ _2\"></span>rises cu<span class=\"_ _2\"></span>rrent an<span class=\"_ _2\"></span>d defer<span class=\"_ _2\"></span>red ta<span class=\"_ _2\"></span>x. T<span class=\"_ _0\"></span>axat<span class=\"_ _2\"></span>ion is re<span class=\"_ _2\"></span>cognis<span class=\"_ _2\"></span>ed </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs136\">in th<span class=\"_ _2\"></span>e Statem<span class=\"_ _2\"></span>ent of Com<span class=\"_ _2\"></span>prehe<span class=\"_ _2\"></span>nsive I<span class=\"_ _2\"></span>ncome e<span class=\"_ _2\"></span>xcept to the ex<span class=\"_ _2\"></span>tent th<span class=\"_ _2\"></span>at it relates to item<span class=\"_ _2\"></span>s recogn<span class=\"_ _2\"></span>ised as d<span class=\"_ _2\"></span>irect m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts in e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y, in which<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs137\">cas<span class=\"_ _2\"></span>e it is al<span class=\"_ _2\"></span>so recogn<span class=\"_ _2\"></span>ised as a d<span class=\"_ _2\"></span>irect m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nt in eq<span class=\"_ _2\"></span>uit<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs138\">Curre<span class=\"_ _2\"></span>nt tax is t<span class=\"_ _2\"></span>he exp<span class=\"_ _2\"></span>ecte<span class=\"_ _2\"></span>d tax pay<span class=\"_ _2\"></span>able o<span class=\"_ _2\"></span>n the t<span class=\"_ _2\"></span>axab<span class=\"_ _2\"></span>le inco<span class=\"_ _2\"></span>me for th<span class=\"_ _2\"></span>e per<span class=\"_ _2\"></span>iod, u<span class=\"_ _2\"></span>sing t<span class=\"_ _2\"></span>ax rates e<span class=\"_ _2\"></span>nac<span class=\"_ _2\"></span>ted or sub<span class=\"_ _2\"></span>stan<span class=\"_ _2\"></span>tivel<span class=\"_ _2\"></span>y enac<span class=\"_ _2\"></span>ted at the b<span class=\"_ _2\"></span>ala<span class=\"_ _2\"></span>nce </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws55 gs139\">sh<span class=\"_ _2\"></span>ee<span class=\"_ _2\"></span>t date<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs13a\">Defe<span class=\"_ _2\"></span>rred in<span class=\"_ _2\"></span>come t<span class=\"_ _2\"></span>ax is provi<span class=\"_ _2\"></span>ded u<span class=\"_ _2\"></span>sing th<span class=\"_ _2\"></span>e liab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y met<span class=\"_ _2\"></span>hod o<span class=\"_ _2\"></span>n all tem<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y dif<span class=\"_ _2\"></span>ference<span class=\"_ _2\"></span>s at the rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g date bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the t<span class=\"_ _2\"></span>ax base<span class=\"_ _2\"></span>s of asse<span class=\"_ _2\"></span>ts </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs13b\">an<span class=\"_ _2\"></span>d liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es and t<span class=\"_ _2\"></span>heir c<span class=\"_ _2\"></span>arr<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>ing am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s for fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ting p<span class=\"_ _2\"></span>urp<span class=\"_ _2\"></span>oses<span class=\"_ _2\"></span>. Defer<span class=\"_ _2\"></span>red inco<span class=\"_ _2\"></span>me ta<span class=\"_ _2\"></span>x asset<span class=\"_ _2\"></span>s are recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d only to th<span class=\"_ _2\"></span>e exten<span class=\"_ _2\"></span>t that it<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs13c\">is pro<span class=\"_ _2\"></span>babl<span class=\"_ _2\"></span>e that ta<span class=\"_ _2\"></span>xab<span class=\"_ _2\"></span>le profit w<span class=\"_ _2\"></span>ill be a<span class=\"_ _2\"></span>vail<span class=\"_ _2\"></span>able a<span class=\"_ _2\"></span>gain<span class=\"_ _2\"></span>st whi<span class=\"_ _2\"></span>ch ded<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ble tem<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y dif<span class=\"_ _2\"></span>ference<span class=\"_ _2\"></span>s, ca<span class=\"_ _2\"></span>rrie<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span>ward t<span class=\"_ _2\"></span>ax credit<span class=\"_ _2\"></span>s or ta<span class=\"_ _2\"></span>x losse<span class=\"_ _2\"></span>s can b<span class=\"_ _2\"></span>e </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs13d\">util<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span>. The a<span class=\"_ _2\"></span>mou<span class=\"_ _2\"></span>nt of defer<span class=\"_ _2\"></span>red ta<span class=\"_ _2\"></span>x provid<span class=\"_ _2\"></span>ed is bas<span class=\"_ _2\"></span>ed on t<span class=\"_ _2\"></span>he exp<span class=\"_ _2\"></span>ected m<span class=\"_ _2\"></span>ann<span class=\"_ _2\"></span>er of reali<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>on or set<span class=\"_ _2\"></span>tle<span class=\"_ _2\"></span>ment of t<span class=\"_ _2\"></span>he car<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>yin<span class=\"_ _2\"></span>g amou<span class=\"_ _2\"></span>nt of ass<span class=\"_ _2\"></span>ets an<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs13e\">lia<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span>. In deter<span class=\"_ _2\"></span>mini<span class=\"_ _2\"></span>ng the e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>cted ma<span class=\"_ _2\"></span>nner o<span class=\"_ _2\"></span>f realis<span class=\"_ _2\"></span>ation of a<span class=\"_ _2\"></span>n asse<span class=\"_ _2\"></span>t the Di<span class=\"_ _2\"></span>rector<span class=\"_ _2\"></span>s consid<span class=\"_ _2\"></span>er tha<span class=\"_ _2\"></span>t the G<span class=\"_ _2\"></span>roup wil<span class=\"_ _2\"></span>l recover th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>e of inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs13f\">prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y throu<span class=\"_ _2\"></span>gh sal<span class=\"_ _2\"></span>e. Defer<span class=\"_ _2\"></span>red inco<span class=\"_ _2\"></span>me ta<span class=\"_ _2\"></span>x relati<span class=\"_ _2\"></span>ng to items reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d direc<span class=\"_ _2\"></span>tly in e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y is recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d in equ<span class=\"_ _2\"></span>ity a<span class=\"_ _2\"></span>nd no<span class=\"_ _2\"></span>t in profit o<span class=\"_ _2\"></span>r loss<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h1c ff18 fs5 fc4 sc0 ls14 ws1 gs140\">Entry to UK<span class=\"_ _0\"></span>-REIT Regime<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs141\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p entered t<span class=\"_ _2\"></span>he UK-<span class=\"_ _2\"></span>REIT reg<span class=\"_ _2\"></span>ime wi<span class=\"_ _2\"></span>th ef<span class=\"_ _2\"></span>fect fro<span class=\"_ _2\"></span>m 1 June 201<span class=\"_ _2\"></span>3. T<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany en<span class=\"_ _2\"></span>tered the G<span class=\"_ _2\"></span>roup R<span class=\"_ _2\"></span>EIT regim<span class=\"_ _2\"></span>e with ef<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>t from 7 Au<span class=\"_ _2\"></span>gus<span class=\"_ _2\"></span>t </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs142\">2019, the d<span class=\"_ _2\"></span>ate at which i<span class=\"_ _2\"></span>t becom<span class=\"_ _2\"></span>e the p<span class=\"_ _2\"></span>arent com<span class=\"_ _2\"></span>pany of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s subsid<span class=\"_ _2\"></span>iari<span class=\"_ _2\"></span>es all e<span class=\"_ _2\"></span>nter the G<span class=\"_ _2\"></span>roup REI<span class=\"_ _2\"></span>T regim<span class=\"_ _2\"></span>e on acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>on/<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs143\">inco<span class=\"_ _2\"></span>rpo<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n. Entr<span class=\"_ _2\"></span>y to th<span class=\"_ _2\"></span>e regim<span class=\"_ _2\"></span>e result<span class=\"_ _2\"></span>s in, s<span class=\"_ _2\"></span>ubje<span class=\"_ _2\"></span>ct to contin<span class=\"_ _2\"></span>uin<span class=\"_ _2\"></span>g releva<span class=\"_ _2\"></span>nt UK-<span class=\"_ _2\"></span>REIT criter<span class=\"_ _2\"></span>ia bei<span class=\"_ _2\"></span>ng met<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e profit<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup\u2019s p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs144\">rent<span class=\"_ _2\"></span>al bus<span class=\"_ _2\"></span>ines<span class=\"_ _2\"></span>s, com<span class=\"_ _2\"></span>prisi<span class=\"_ _2\"></span>ng bot<span class=\"_ _2\"></span>h incom<span class=\"_ _2\"></span>e and c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al gai<span class=\"_ _2\"></span>ns, b<span class=\"_ _2\"></span>ein<span class=\"_ _2\"></span>g exempt f<span class=\"_ _2\"></span>rom UK ta<span class=\"_ _2\"></span>xatio<span class=\"_ _2\"></span>n.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs145\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p ensure<span class=\"_ _2\"></span>s that it com<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>es with t<span class=\"_ _2\"></span>he UK-<span class=\"_ _2\"></span>REIT re<span class=\"_ _2\"></span>gulat<span class=\"_ _2\"></span>ions t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h mon<span class=\"_ _2\"></span>itorin<span class=\"_ _2\"></span>g the on<span class=\"_ _2\"></span>goi<span class=\"_ _2\"></span>ng cond<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>ns requi<span class=\"_ _2\"></span>red to mai<span class=\"_ _2\"></span>ntain R<span class=\"_ _2\"></span>EIT st<span class=\"_ _2\"></span>atus.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls47 ws31 gs146\">(g<span class=\"_ _0\"></span>) Property acquisitions<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs147\">Whe<span class=\"_ _2\"></span>re prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty is a<span class=\"_ _2\"></span>cquire<span class=\"_ _2\"></span>d, via cor<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ate acquis<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>ns or oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>wise, m<span class=\"_ _2\"></span>ana<span class=\"_ _2\"></span>gem<span class=\"_ _2\"></span>ent consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>s the su<span class=\"_ _2\"></span>bsta<span class=\"_ _2\"></span>nce of th<span class=\"_ _2\"></span>e asset<span class=\"_ _2\"></span>s and a<span class=\"_ _2\"></span>cti<span class=\"_ _2\"></span>vitie<span class=\"_ _2\"></span>s of the<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs148\">acqu<span class=\"_ _2\"></span>ired ent<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y in determ<span class=\"_ _2\"></span>inin<span class=\"_ _2\"></span>g whe<span class=\"_ _2\"></span>ther t<span class=\"_ _2\"></span>he acqu<span class=\"_ _2\"></span>isiti<span class=\"_ _2\"></span>on repre<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span>s the acq<span class=\"_ _2\"></span>uisit<span class=\"_ _2\"></span>ion of a b<span class=\"_ _2\"></span>usine<span class=\"_ _2\"></span>ss or t<span class=\"_ _2\"></span>he acqu<span class=\"_ _2\"></span>isitio<span class=\"_ _2\"></span>n of an as<span class=\"_ _2\"></span>set.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs149\">Whe<span class=\"_ _2\"></span>re such acq<span class=\"_ _2\"></span>uisit<span class=\"_ _2\"></span>ions a<span class=\"_ _2\"></span>re not jud<span class=\"_ _2\"></span>ged to b<span class=\"_ _2\"></span>e an acqu<span class=\"_ _2\"></span>isitio<span class=\"_ _2\"></span>n of a bus<span class=\"_ _2\"></span>ines<span class=\"_ _2\"></span>s, th<span class=\"_ _2\"></span>ey are not t<span class=\"_ _2\"></span>reated as bu<span class=\"_ _2\"></span>sine<span class=\"_ _2\"></span>ss comb<span class=\"_ _2\"></span>inati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>. Rathe<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>, th<span class=\"_ _2\"></span>e cost to </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 lscb ws1 gs14a\">acqu<span class=\"_ _2\"></span>ire the co<span class=\"_ _2\"></span>rpor<span class=\"_ _2\"></span>ate entit<span class=\"_ _2\"></span>y is al<span class=\"_ _2\"></span>loca<span class=\"_ _2\"></span>ted bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the id<span class=\"_ _2\"></span>entif<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>le asset<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es of th<span class=\"_ _2\"></span>e entit<span class=\"_ _2\"></span>y bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>eir rel<span class=\"_ _2\"></span>ative f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lues at t<span class=\"_ _2\"></span>he acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>on </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls46 ws43 gs14b\">dat<span class=\"_ _0\"></span>e. Ac<span class=\"_ _1\"></span>cor<span class=\"_ _0\"></span>dingly<span class=\"_ _0\"></span>, no goodwil<span class=\"_ _0\"></span>l or addition<span class=\"_ _1\"></span>al def<span class=\"_ _0\"></span>erred tax<span class=\"_ _0\"></span>ation aris<span class=\"_ _0\"></span>es<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Other<span class=\"_ _2\"></span>wise,<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>tions ar<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ounted<span class=\"_ _1\"></span> for<span class=\"_ _0\"></span> as business<span class=\"_ _0\"></span> combination<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls13 ws37 gs14c\">(h<span class=\"_ _0\"></span>) Inv<span class=\"_ _0\"></span>estment pro<span class=\"_ _1\"></span>perties<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs14d\">Inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties co<span class=\"_ _2\"></span>nsist of l<span class=\"_ _2\"></span>and a<span class=\"_ _2\"></span>nd bu<span class=\"_ _2\"></span>ildin<span class=\"_ _2\"></span>gs (pr<span class=\"_ _2\"></span>incip<span class=\"_ _2\"></span>ally c<span class=\"_ _2\"></span>are hom<span class=\"_ _2\"></span>es) whi<span class=\"_ _2\"></span>ch are not o<span class=\"_ _2\"></span>ccupie<span class=\"_ _2\"></span>d for use by, or in th<span class=\"_ _2\"></span>e ope<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>ns of, the G<span class=\"_ _2\"></span>roup, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs14e\">no<span class=\"_ _2\"></span>r for sal<span class=\"_ _2\"></span>e in the o<span class=\"_ _2\"></span>rdina<span class=\"_ _2\"></span>ry co<span class=\"_ _2\"></span>urse of b<span class=\"_ _2\"></span>usin<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span>, but are h<span class=\"_ _2\"></span>eld to ear<span class=\"_ _2\"></span>n renta<span class=\"_ _2\"></span>l incom<span class=\"_ _2\"></span>e togeth<span class=\"_ _2\"></span>er wit<span class=\"_ _2\"></span>h the p<span class=\"_ _2\"></span>otentia<span class=\"_ _2\"></span>l for cap<span class=\"_ _2\"></span>ital a<span class=\"_ _2\"></span>nd in<span class=\"_ _2\"></span>come grow<span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs14f\">Inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties a<span class=\"_ _2\"></span>re initi<span class=\"_ _2\"></span>ally reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d at cost<span class=\"_ _2\"></span>, bein<span class=\"_ _2\"></span>g the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n give<span class=\"_ _2\"></span>n, incl<span class=\"_ _2\"></span>udin<span class=\"_ _2\"></span>g tran<span class=\"_ _2\"></span>sac<span class=\"_ _2\"></span>tion cos<span class=\"_ _2\"></span>ts as<span class=\"_ _2\"></span>socia<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed w<span class=\"_ _2\"></span>ith </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs150\">the i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y. Any subs<span class=\"_ _2\"></span>eque<span class=\"_ _2\"></span>nt cap<span class=\"_ _2\"></span>ital e<span class=\"_ _2\"></span>xpen<span class=\"_ _2\"></span>ditu<span class=\"_ _2\"></span>re incurre<span class=\"_ _2\"></span>d in imp<span class=\"_ _2\"></span>rovin<span class=\"_ _2\"></span>g invest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es is ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>lise<span class=\"_ _2\"></span>d in the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od incu<span class=\"_ _2\"></span>rred </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs151\">an<span class=\"_ _2\"></span>d inclu<span class=\"_ _2\"></span>ded w<span class=\"_ _2\"></span>ithin t<span class=\"_ _2\"></span>he bo<span class=\"_ _2\"></span>ok cost of t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs152\">For pr<span class=\"_ _0\"></span>oper<span class=\"_ _2\"></span>ties s<span class=\"_ _1\"></span>ubject t<span class=\"_ _0\"></span>o contingent<span class=\"_ _0\"></span> per<span class=\"_ _2\"></span>formanc<span class=\"_ _0\"></span>e payment<span class=\"_ _1\"></span> clauses<span class=\"_ _0\"></span> within their pur<span class=\"_ _0\"></span>chase agr<span class=\"_ _0\"></span>eement<span class=\"_ _2\"></span>s, whic<span class=\"_ _0\"></span>h will r<span class=\"_ _0\"></span>esult in a<span class=\"_ _0\"></span> fur<span class=\"_ _2\"></span>ther pa<span class=\"_ _0\"></span>ym<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs153\">if c<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>tain performanc<span class=\"_ _0\"></span>e measures<span class=\"_ _0\"></span> are met, thi<span class=\"_ _0\"></span>s per<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>ormance payment<span class=\"_ _0\"></span> is rec<span class=\"_ _0\"></span>ognised as a<span class=\"_ _0\"></span> liability when the c<span class=\"_ _0\"></span>ontracted performance<span class=\"_ _0\"></span> conditions </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs154\">have b<span class=\"_ _2\"></span>een m<span class=\"_ _2\"></span>et and a re<span class=\"_ _2\"></span>liab<span class=\"_ _2\"></span>le est<span class=\"_ _2\"></span>imate can b<span class=\"_ _2\"></span>e ma<span class=\"_ _2\"></span>de of the a<span class=\"_ _2\"></span>mou<span class=\"_ _2\"></span>nt. Any p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ance pay<span class=\"_ _2\"></span>ment m<span class=\"_ _2\"></span>ade w<span class=\"_ _2\"></span>ill resu<span class=\"_ _2\"></span>lt in an in<span class=\"_ _2\"></span>crease in re<span class=\"_ _2\"></span>ntal </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs155\">inco<span class=\"_ _2\"></span>me recei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>e from th<span class=\"_ _2\"></span>e tenant<span class=\"_ _2\"></span>, to maint<span class=\"_ _2\"></span>ain t<span class=\"_ _2\"></span>he inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt yie<span class=\"_ _2\"></span>ld from th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty, and t<span class=\"_ _2\"></span>herefore a<span class=\"_ _2\"></span>n asset of a<span class=\"_ _2\"></span>pproxi<span class=\"_ _2\"></span>mately e<span class=\"_ _2\"></span>qual v<span class=\"_ _2\"></span>alue is<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs156\">recog<span class=\"_ _2\"></span>nised to ref<span class=\"_ _2\"></span>lect t<span class=\"_ _2\"></span>he fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e of this i<span class=\"_ _2\"></span>ncrease i<span class=\"_ _2\"></span>n renta<span class=\"_ _2\"></span>l incom<span class=\"_ _2\"></span>e.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs157\">Deve<span class=\"_ _2\"></span>lop<span class=\"_ _2\"></span>ment i<span class=\"_ _2\"></span>nterest (wh<span class=\"_ _2\"></span>ere in<span class=\"_ _2\"></span>come is rece<span class=\"_ _2\"></span>ivab<span class=\"_ _2\"></span>le from a d<span class=\"_ _2\"></span>evelop<span class=\"_ _2\"></span>er in re<span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>t of a for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span>-f<span class=\"_ _2\"></span>undi<span class=\"_ _2\"></span>ng ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt) is d<span class=\"_ _2\"></span>edu<span class=\"_ _2\"></span>cted from t<span class=\"_ _2\"></span>he cost of<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs158\">inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt and s<span class=\"_ _2\"></span>hown as a re<span class=\"_ _2\"></span>ceiva<span class=\"_ _2\"></span>ble unt<span class=\"_ _2\"></span>il set<span class=\"_ _2\"></span>tled<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs159\">Af<span class=\"_ _2\"></span>ter ini<span class=\"_ _2\"></span>tial reco<span class=\"_ _2\"></span>gniti<span class=\"_ _2\"></span>on, i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>es are me<span class=\"_ _2\"></span>asured at f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue, w<span class=\"_ _2\"></span>ith gai<span class=\"_ _2\"></span>ns and l<span class=\"_ _2\"></span>osses re<span class=\"_ _2\"></span>cognis<span class=\"_ _2\"></span>ed in th<span class=\"_ _2\"></span>e Statem<span class=\"_ _2\"></span>ent of Com<span class=\"_ _2\"></span>preh<span class=\"_ _2\"></span>ensive<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs15a\">Inco<span class=\"_ _2\"></span>me. Fair val<span class=\"_ _2\"></span>ue is bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>e op<span class=\"_ _2\"></span>en mar<span class=\"_ _2\"></span>ket valu<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>, as provi<span class=\"_ _2\"></span>ded by CB<span class=\"_ _2\"></span>RE Lim<span class=\"_ _2\"></span>ited, in th<span class=\"_ _2\"></span>eir c<span class=\"_ _2\"></span>apaci<span class=\"_ _2\"></span>ty as e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>al va<span class=\"_ _2\"></span>luer<span class=\"_ _2\"></span>s, at th<span class=\"_ _2\"></span>e bala<span class=\"_ _2\"></span>nce </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs15b\">sheet da<span class=\"_ _0\"></span>te using<span class=\"_ _0\"></span> recognised<span class=\"_ _0\"></span> valuation t<span class=\"_ _0\"></span>echniques, appropriat<span class=\"_ _0\"></span>ely adjust<span class=\"_ _0\"></span>ed for unamortised l<span class=\"_ _1\"></span>ease<span class=\"_ _1\"></span> incent<span class=\"_ _0\"></span>ives and r<span class=\"_ _1\"></span>ental adjustments.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs15d\">Th<span class=\"_ _2\"></span>e determ<span class=\"_ _2\"></span>inat<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of inves<span class=\"_ _2\"></span>tment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies req<span class=\"_ _2\"></span>uires th<span class=\"_ _2\"></span>e use of es<span class=\"_ _2\"></span>tim<span class=\"_ _2\"></span>ates such as f<span class=\"_ _2\"></span>uture ca<span class=\"_ _2\"></span>sh flow<span class=\"_ _2\"></span>s from as<span class=\"_ _2\"></span>sets (s<span class=\"_ _2\"></span>uch as let<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>gs, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs15e\">tenan<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>\u2019 profiles, fu<span class=\"_ _0\"></span>ture r<span class=\"_ _0\"></span>evenue stream<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span> capital values<span class=\"_ _0\"></span> of fixtures<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> f<span class=\"_ _2\"></span>ittings,<span class=\"_ _0\"></span> p<span class=\"_ _2\"></span>lant<span class=\"_ _0\"></span> and machinery,<span class=\"_ _0\"></span> any envir<span class=\"_ _0\"></span>onm<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>tal matters<span class=\"_ _0\"></span> and the ov<span class=\"_ _0\"></span>era<span class=\"_ _2\"></span>ll<span class=\"_ _0\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs15f\">repa<span class=\"_ _2\"></span>ir and co<span class=\"_ _2\"></span>ndit<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty) a<span class=\"_ _2\"></span>nd dis<span class=\"_ _2\"></span>count rates a<span class=\"_ _2\"></span>ppl<span class=\"_ _2\"></span>icab<span class=\"_ _2\"></span>le to thos<span class=\"_ _2\"></span>e asset<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e esti<span class=\"_ _2\"></span>mates are b<span class=\"_ _2\"></span>ased o<span class=\"_ _2\"></span>n loca<span class=\"_ _2\"></span>l market co<span class=\"_ _2\"></span>ndit<span class=\"_ _2\"></span>ions </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs160\">exis<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g at the ba<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>ce sheet d<span class=\"_ _2\"></span>ate.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs161\">On d<span class=\"_ _2\"></span>erecog<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n, ga<span class=\"_ _2\"></span>ins an<span class=\"_ _2\"></span>d losse<span class=\"_ _2\"></span>s on disp<span class=\"_ _2\"></span>osa<span class=\"_ _2\"></span>ls of inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s are recogn<span class=\"_ _2\"></span>ised i<span class=\"_ _2\"></span>n the Sta<span class=\"_ _2\"></span>tement of Co<span class=\"_ _2\"></span>mpre<span class=\"_ _2\"></span>hens<span class=\"_ _2\"></span>ive Inco<span class=\"_ _2\"></span>me an<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs162\">tra<span class=\"_ _2\"></span>nsfer<span class=\"_ _2\"></span>red to the C<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al Rese<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ve. Recog<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n and d<span class=\"_ _2\"></span>erecog<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n occur<span class=\"_ _2\"></span>s on the co<span class=\"_ _2\"></span>mplet<span class=\"_ _2\"></span>ion of a s<span class=\"_ _2\"></span>ale be<span class=\"_ _2\"></span>twe<span class=\"_ _2\"></span>en a wil<span class=\"_ _2\"></span>ling b<span class=\"_ _2\"></span>uyer a<span class=\"_ _2\"></span>nd a wi<span class=\"_ _2\"></span>lling s<span class=\"_ _2\"></span>elle<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls14 ws1 gs163\">(i) Cash and c<span class=\"_ _2\"></span>ash equivale<span class=\"_ _2\"></span>nts<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs164\">Cas<span class=\"_ _2\"></span>h and c<span class=\"_ _2\"></span>ash eq<span class=\"_ _2\"></span>uiva<span class=\"_ _2\"></span>lent<span class=\"_ _2\"></span>s consis<span class=\"_ _2\"></span>t of cash i<span class=\"_ _2\"></span>n hand a<span class=\"_ _2\"></span>nd sh<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>t-term de<span class=\"_ _2\"></span>posi<span class=\"_ _2\"></span>ts in ba<span class=\"_ _2\"></span>nks w<span class=\"_ _2\"></span>ith an o<span class=\"_ _2\"></span>rigi<span class=\"_ _2\"></span>nal mat<span class=\"_ _2\"></span>urit<span class=\"_ _2\"></span>y of th<span class=\"_ _2\"></span>ree mon<span class=\"_ _2\"></span>ths or le<span class=\"_ _2\"></span>ss.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls13 ws37 gs165\">(<span class=\"_ _2\"></span>j) R<span class=\"_ _0\"></span>ent and ot<span class=\"_ _0\"></span>her receivabl<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs166\">Rent re<span class=\"_ _2\"></span>ceivab<span class=\"_ _2\"></span>les a<span class=\"_ _2\"></span>re carr<span class=\"_ _2\"></span>ied at am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d cost. A p<span class=\"_ _2\"></span>rovisio<span class=\"_ _2\"></span>n for imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent of tr<span class=\"_ _2\"></span>ade re<span class=\"_ _2\"></span>ceivab<span class=\"_ _2\"></span>les is c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ated throu<span class=\"_ _2\"></span>gh th<span class=\"_ _2\"></span>e expe<span class=\"_ _2\"></span>cted cred<span class=\"_ _2\"></span>it loss </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs167\">met<span class=\"_ _2\"></span>hod i<span class=\"_ _2\"></span>n accordan<span class=\"_ _2\"></span>ce with IFRS 9 a<span class=\"_ _2\"></span>s expl<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>ed in \u2018othe<span class=\"_ _2\"></span>r est<span class=\"_ _2\"></span>imates\u2019 on p<span class=\"_ _2\"></span>age 70. A<span class=\"_ _2\"></span>s par<span class=\"_ _2\"></span>t of th<span class=\"_ _2\"></span>is exp<span class=\"_ _2\"></span>ected cre<span class=\"_ _2\"></span>dit loss p<span class=\"_ _2\"></span>rocess t<span class=\"_ _2\"></span>he foll<span class=\"_ _2\"></span>owing i<span class=\"_ _2\"></span>s </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs168\">taken i<span class=\"_ _0\"></span>nto ac<span class=\"_ _0\"></span>count:<span class=\"_ _0\"></span> significant financial<span class=\"_ _0\"></span> dif<span class=\"_ _2\"></span>fic<span class=\"_ _0\"></span>ulties of t<span class=\"_ _1\"></span>he debt<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>, probability that<span class=\"_ _0\"></span> the debtor<span class=\"_ _0\"></span> will enter<span class=\"_ _0\"></span> bankruptcy or<span class=\"_ _0\"></span> financial reor<span class=\"_ _0\"></span>ganisation, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs169\">an<span class=\"_ _2\"></span>d defa<span class=\"_ _2\"></span>ult or de<span class=\"_ _2\"></span>lin<span class=\"_ _2\"></span>quen<span class=\"_ _2\"></span>cy in p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts (m<span class=\"_ _2\"></span>ore than 3<span class=\"_ _2\"></span>0 days ove<span class=\"_ _2\"></span>rdue). The c<span class=\"_ _2\"></span>arr<span class=\"_ _2\"></span>yi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount of th<span class=\"_ _2\"></span>e ass<span class=\"_ _2\"></span>et is redu<span class=\"_ _2\"></span>ced throu<span class=\"_ _2\"></span>gh use of a<span class=\"_ _2\"></span>n </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs16a\">all<span class=\"_ _2\"></span>owance a<span class=\"_ _2\"></span>ccount an<span class=\"_ _2\"></span>d the am<span class=\"_ _2\"></span>ount o<span class=\"_ _2\"></span>f loss is reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d in th<span class=\"_ _2\"></span>e Stateme<span class=\"_ _2\"></span>nt of Comp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsive In<span class=\"_ _2\"></span>come, s<span class=\"_ _2\"></span>epar<span class=\"_ _2\"></span>ately dis<span class=\"_ _2\"></span>closed a<span class=\"_ _2\"></span>s an imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs16b\">Ba<span class=\"_ _2\"></span>d debt<span class=\"_ _2\"></span>s are wr<span class=\"_ _2\"></span>itten of<span class=\"_ _2\"></span>f on<span class=\"_ _2\"></span>ce all aven<span class=\"_ _2\"></span>ues to recover t<span class=\"_ _2\"></span>he de<span class=\"_ _2\"></span>bt have be<span class=\"_ _2\"></span>en exh<span class=\"_ _2\"></span>auste<span class=\"_ _2\"></span>d and th<span class=\"_ _2\"></span>e lease h<span class=\"_ _2\"></span>as end<span class=\"_ _2\"></span>ed, o<span class=\"_ _2\"></span>r a forma<span class=\"_ _2\"></span>l set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs16c\">ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt has b<span class=\"_ _2\"></span>een rea<span class=\"_ _2\"></span>ched.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs16d\">Oth<span class=\"_ _2\"></span>er in<span class=\"_ _2\"></span>centive<span class=\"_ _2\"></span>s provid<span class=\"_ _2\"></span>ed to tena<span class=\"_ _2\"></span>nts an<span class=\"_ _2\"></span>d fixe<span class=\"_ _2\"></span>d or gua<span class=\"_ _2\"></span>rante<span class=\"_ _2\"></span>ed renta<span class=\"_ _2\"></span>l upl<span class=\"_ _2\"></span>ift<span class=\"_ _2\"></span>s are reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d as an as<span class=\"_ _2\"></span>set and a<span class=\"_ _2\"></span>mor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>ed over t<span class=\"_ _2\"></span>he pe<span class=\"_ _2\"></span>riod f<span class=\"_ _2\"></span>rom the<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs16e\">date of lea<span class=\"_ _2\"></span>se comm<span class=\"_ _2\"></span>encem<span class=\"_ _2\"></span>ent to th<span class=\"_ _2\"></span>e earli<span class=\"_ _2\"></span>est ter<span class=\"_ _2\"></span>mina<span class=\"_ _2\"></span>tion d<span class=\"_ _2\"></span>ate.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls14 ws1 gs16f\">(k) Interest<span class=\"_ _0\"></span>-be<span class=\"_ _2\"></span>aring loans and bo<span class=\"_ _2\"></span>rro<span class=\"_ _1\"></span>wings<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs170\">All l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs are ini<span class=\"_ _2\"></span>tiall<span class=\"_ _2\"></span>y recogni<span class=\"_ _2\"></span>sed at fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue an<span class=\"_ _2\"></span>d net of di<span class=\"_ _2\"></span>rectly at<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span>buta<span class=\"_ _2\"></span>ble tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on cost<span class=\"_ _2\"></span>s. Af<span class=\"_ _2\"></span>ter in<span class=\"_ _2\"></span>itial re<span class=\"_ _2\"></span>cogni<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>, all </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs171\">interes<span class=\"_ _2\"></span>t bea<span class=\"_ _2\"></span>ring l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs are sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>ently m<span class=\"_ _2\"></span>easure<span class=\"_ _2\"></span>d at amo<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ised cos<span class=\"_ _2\"></span>t using t<span class=\"_ _2\"></span>he ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive interes<span class=\"_ _2\"></span>t meth<span class=\"_ _2\"></span>od. A<span class=\"_ _2\"></span>mor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>ed cost is<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs172\">calcula<span class=\"_ _1\"></span>ted<span class=\"_ _0\"></span> by taking int<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ount any<span class=\"_ _0\"></span> loan arrangement c<span class=\"_ _0\"></span>ost<span class=\"_ _2\"></span>s<span class=\"_ _1\"></span> and any<span class=\"_ _0\"></span> discount<span class=\"_ _0\"></span> or premium on<span class=\"_ _0\"></span> settlement.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls14 ws1 gs173\">(l) Derivative finan<span class=\"_ _2\"></span>cial instruments<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs174\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p uses d<span class=\"_ _2\"></span>eriv<span class=\"_ _2\"></span>ative f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s to hed<span class=\"_ _2\"></span>ge it<span class=\"_ _2\"></span>s risk as<span class=\"_ _2\"></span>sociate<span class=\"_ _2\"></span>d with inte<span class=\"_ _2\"></span>rest rate f<span class=\"_ _2\"></span>luct<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>ns. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s po<span class=\"_ _2\"></span>licy i<span class=\"_ _2\"></span>s not to tra<span class=\"_ _2\"></span>de in </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls41 ws3e gs175\">derivative instruments.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs176\">De<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ive ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are init<span class=\"_ _2\"></span>ially re<span class=\"_ _2\"></span>cogni<span class=\"_ _2\"></span>sed in th<span class=\"_ _2\"></span>e Statem<span class=\"_ _2\"></span>ent of Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al Positi<span class=\"_ _2\"></span>on at th<span class=\"_ _2\"></span>eir fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue. F<span class=\"_ _1\"></span>air v<span class=\"_ _2\"></span>alue is d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ined by u<span class=\"_ _2\"></span>sing a </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs177\">mo<span class=\"_ _2\"></span>del to ca<span class=\"_ _2\"></span>lculate th<span class=\"_ _2\"></span>e net p<span class=\"_ _2\"></span>resent v<span class=\"_ _2\"></span>alue of f<span class=\"_ _2\"></span>uture ma<span class=\"_ _2\"></span>rket intere<span class=\"_ _2\"></span>st rates o<span class=\"_ _2\"></span>r by usin<span class=\"_ _2\"></span>g market v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span>s for sim<span class=\"_ _2\"></span>ilar i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span>. T<span class=\"_ _0\"></span>rans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on cost<span class=\"_ _2\"></span>s are </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls6c ws70 gs178\">expensed im<span class=\"_ _2\"></span>mediately<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs179\">Th<span class=\"_ _2\"></span>e ef<span class=\"_ _2\"></span>fecti<span class=\"_ _2\"></span>ve por<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n of the g<span class=\"_ _2\"></span>ains o<span class=\"_ _2\"></span>r losse<span class=\"_ _2\"></span>s arisi<span class=\"_ _2\"></span>ng on th<span class=\"_ _2\"></span>e fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of cash f<span class=\"_ _2\"></span>low he<span class=\"_ _2\"></span>dges i<span class=\"_ _2\"></span>n the for<span class=\"_ _2\"></span>m of der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ents i<span class=\"_ _2\"></span>s repor<span class=\"_ _2\"></span>ted </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs17a\">thro<span class=\"_ _2\"></span>ugh Ot<span class=\"_ _2\"></span>her Co<span class=\"_ _2\"></span>mpreh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e and i<span class=\"_ _2\"></span>s recogni<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>rough t<span class=\"_ _2\"></span>he Hed<span class=\"_ _2\"></span>gin<span class=\"_ _2\"></span>g Reser<span class=\"_ _2\"></span>ve. T<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>ef<span class=\"_ _2\"></span>fecti<span class=\"_ _2\"></span>ve por<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n is recog<span class=\"_ _2\"></span>nised t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs17b\">prof<span class=\"_ _2\"></span>it or los<span class=\"_ _2\"></span>s in the St<span class=\"_ _2\"></span>atemen<span class=\"_ _2\"></span>t of Comp<span class=\"_ _2\"></span>rehen<span class=\"_ _2\"></span>sive In<span class=\"_ _2\"></span>come. O<span class=\"_ _2\"></span>n matur<span class=\"_ _2\"></span>ity, or ea<span class=\"_ _2\"></span>rly red<span class=\"_ _2\"></span>empti<span class=\"_ _2\"></span>on, of t<span class=\"_ _2\"></span>he de<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ive ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent th<span class=\"_ _2\"></span>e unrea<span class=\"_ _2\"></span>lised<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs17c\">gai<span class=\"_ _2\"></span>ns or los<span class=\"_ _2\"></span>ses ar<span class=\"_ _2\"></span>isin<span class=\"_ _2\"></span>g from cas<span class=\"_ _2\"></span>h flow h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>es in th<span class=\"_ _2\"></span>e form of de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tive ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s, in<span class=\"_ _2\"></span>itial<span class=\"_ _2\"></span>ly recogn<span class=\"_ _2\"></span>ised i<span class=\"_ _2\"></span>n Othe<span class=\"_ _2\"></span>r Comp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsive In<span class=\"_ _2\"></span>come, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs17d\">are recl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>ied to prof<span class=\"_ _2\"></span>it or los<span class=\"_ _2\"></span>s whe<span class=\"_ _2\"></span>n the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed forec<span class=\"_ _2\"></span>ast tr<span class=\"_ _2\"></span>ansa<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n is ulti<span class=\"_ _2\"></span>mately reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d in th<span class=\"_ _2\"></span>e profit o<span class=\"_ _2\"></span>r loss<span class=\"_ _2\"></span>, or wh<span class=\"_ _2\"></span>en the fo<span class=\"_ _2\"></span>recas<span class=\"_ _2\"></span>t </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs17e\">tra<span class=\"_ _2\"></span>nsa<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n is no lon<span class=\"_ _2\"></span>ger e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>cted to occur.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs17f\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p consid<span class=\"_ _2\"></span>ers th<span class=\"_ _2\"></span>at its i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s qua<span class=\"_ _2\"></span>lif<span class=\"_ _2\"></span>y for he<span class=\"_ _2\"></span>dge a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng wh<span class=\"_ _2\"></span>en the fo<span class=\"_ _2\"></span>llowin<span class=\"_ _2\"></span>g criter<span class=\"_ _2\"></span>ia are sat<span class=\"_ _2\"></span>isfi<span class=\"_ _2\"></span>ed:<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs180\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s must b<span class=\"_ _2\"></span>e relate<span class=\"_ _2\"></span>d t<span class=\"_ _1\"></span>o an as<span class=\"_ _2\"></span>set or li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs181\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>ey mus<span class=\"_ _2\"></span>t chan<span class=\"_ _2\"></span>ge th<span class=\"_ _2\"></span>e chara<span class=\"_ _2\"></span>cter of th<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate by conver<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g a var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate to a fixed r<span class=\"_ _2\"></span>ate or vice ve<span class=\"_ _2\"></span>rsa;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs182\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>ey mus<span class=\"_ _2\"></span>t match the p<span class=\"_ _2\"></span>rin<span class=\"_ _2\"></span>cipal a<span class=\"_ _2\"></span>mou<span class=\"_ _2\"></span>nts an<span class=\"_ _2\"></span>d matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y dates of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ged ite<span class=\"_ _2\"></span>ms;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs183\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">A<span class=\"_ _2\"></span>s cash<span class=\"_ _2\"></span>-f<span class=\"_ _2\"></span>low he<span class=\"_ _2\"></span>dges<span class=\"_ _2\"></span>, the fo<span class=\"_ _2\"></span>recas<span class=\"_ _2\"></span>t tran<span class=\"_ _2\"></span>sac<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s (incur<span class=\"_ _2\"></span>ring i<span class=\"_ _2\"></span>nterest p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le on th<span class=\"_ _2\"></span>e bank lo<span class=\"_ _2\"></span>ans) th<span class=\"_ _2\"></span>at are sub<span class=\"_ _2\"></span>ject to th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ges m<span class=\"_ _2\"></span>ust b<span class=\"_ _2\"></span>e high<span class=\"_ _2\"></span>ly </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs184\">prob<span class=\"_ _2\"></span>able a<span class=\"_ _2\"></span>nd mu<span class=\"_ _2\"></span>st pres<span class=\"_ _2\"></span>ent an ex<span class=\"_ _2\"></span>posu<span class=\"_ _2\"></span>re t<span class=\"_ _0\"></span>o v<span class=\"_ _2\"></span>ariat<span class=\"_ _2\"></span>ions i<span class=\"_ _2\"></span>n cash f<span class=\"_ _2\"></span>lows th<span class=\"_ _2\"></span>at could u<span class=\"_ _2\"></span>ltimatel<span class=\"_ _2\"></span>y affe<span class=\"_ _2\"></span>ct the p<span class=\"_ _2\"></span>rofit o<span class=\"_ _2\"></span>r loss;<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs185\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge mu<span class=\"_ _2\"></span>st be ef<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>tive m<span class=\"_ _2\"></span>eanin<span class=\"_ _2\"></span>g that t<span class=\"_ _2\"></span>here mu<span class=\"_ _2\"></span>st be a<span class=\"_ _2\"></span>n econo<span class=\"_ _2\"></span>mic rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nship b<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>ween t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dge<span class=\"_ _2\"></span>d item and t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dgin<span class=\"_ _2\"></span>g inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent; </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs186\">the e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>t of credit r<span class=\"_ _2\"></span>isk mus<span class=\"_ _2\"></span>t not d<span class=\"_ _2\"></span>omin<span class=\"_ _2\"></span>ate the va<span class=\"_ _2\"></span>lue cha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>s that resu<span class=\"_ _2\"></span>lt from th<span class=\"_ _2\"></span>at econ<span class=\"_ _2\"></span>omic re<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>onshi<span class=\"_ _2\"></span>p; and th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge rati<span class=\"_ _2\"></span>o of the<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs187\">he<span class=\"_ _2\"></span>dgin<span class=\"_ _2\"></span>g relat<span class=\"_ _2\"></span>ionsh<span class=\"_ _2\"></span>ip mus<span class=\"_ _2\"></span>t be th<span class=\"_ _2\"></span>e sam<span class=\"_ _2\"></span>e as that re<span class=\"_ _2\"></span>sulti<span class=\"_ _2\"></span>ng from t<span class=\"_ _2\"></span>he qua<span class=\"_ _2\"></span>ntit<span class=\"_ _2\"></span>y of the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed item th<span class=\"_ _2\"></span>at the G<span class=\"_ _2\"></span>roup a<span class=\"_ _2\"></span>ctua<span class=\"_ _2\"></span>lly he<span class=\"_ _2\"></span>dges a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>e </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs188\">qua<span class=\"_ _2\"></span>ntit<span class=\"_ _2\"></span>y of the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ing in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>t that th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p actu<span class=\"_ _2\"></span>ally use<span class=\"_ _2\"></span>s to hed<span class=\"_ _2\"></span>ge that q<span class=\"_ _2\"></span>uant<span class=\"_ _2\"></span>ity of h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed item; an<span class=\"_ _2\"></span>d<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs189\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">At th<span class=\"_ _2\"></span>e incep<span class=\"_ _2\"></span>tion of t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dge th<span class=\"_ _2\"></span>ere mus<span class=\"_ _2\"></span>t be for<span class=\"_ _2\"></span>mal d<span class=\"_ _2\"></span>esig<span class=\"_ _2\"></span>natio<span class=\"_ _2\"></span>n and d<span class=\"_ _2\"></span>ocume<span class=\"_ _2\"></span>ntat<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>gin<span class=\"_ _2\"></span>g relati<span class=\"_ _2\"></span>onsh<span class=\"_ _2\"></span>ip and t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s risk </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls46 ws43 gs18a\">management<span class=\"_ _0\"></span> objective and<span class=\"_ _0\"></span> s<span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>tegy f<span class=\"_ _0\"></span>or undertaking the hedge<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls13 ws37 gs18b\">(m<span class=\"_ _0\"></span>) Reserves<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls4 ws46 gs18c\">Share Premium<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs18d\">Th<span class=\"_ _2\"></span>e share p<span class=\"_ _2\"></span>remiu<span class=\"_ _2\"></span>m account rep<span class=\"_ _2\"></span>resen<span class=\"_ _2\"></span>ts th<span class=\"_ _2\"></span>e dif<span class=\"_ _2\"></span>ference b<span class=\"_ _2\"></span>etw<span class=\"_ _2\"></span>een th<span class=\"_ _2\"></span>e issu<span class=\"_ _2\"></span>e price of s<span class=\"_ _2\"></span>hares a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>eir no<span class=\"_ _2\"></span>mina<span class=\"_ _2\"></span>l valu<span class=\"_ _2\"></span>e (excludi<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>ose issu<span class=\"_ _2\"></span>ed as </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs18e\">par<span class=\"_ _2\"></span>t of th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p recons<span class=\"_ _2\"></span>truc<span class=\"_ _2\"></span>tion). Th<span class=\"_ _2\"></span>is rese<span class=\"_ _2\"></span>rve is n<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>distr<span class=\"_ _2\"></span>ibut<span class=\"_ _2\"></span>abl<span class=\"_ _2\"></span>e.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls13 ws37 gs18f\">Merger R<span class=\"_ _0\"></span>eser<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>e<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs190\">Th<span class=\"_ _2\"></span>e merg<span class=\"_ _2\"></span>er rese<span class=\"_ _2\"></span>rv<span class=\"_ _2\"></span>e arose on th<span class=\"_ _2\"></span>e recons<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n of the G<span class=\"_ _2\"></span>roup in A<span class=\"_ _2\"></span>ugus<span class=\"_ _2\"></span>t 2019 (the \u2018G<span class=\"_ _2\"></span>roup Re<span class=\"_ _2\"></span>constr<span class=\"_ _2\"></span>uct<span class=\"_ _2\"></span>ion\u2019<span class=\"_ _2\"></span>) and re<span class=\"_ _2\"></span>prese<span class=\"_ _2\"></span>nts th<span class=\"_ _2\"></span>e dif<span class=\"_ _2\"></span>ference<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs191\">bet<span class=\"_ _2\"></span>we<span class=\"_ _2\"></span>en the n<span class=\"_ _2\"></span>omi<span class=\"_ _2\"></span>nal va<span class=\"_ _2\"></span>lue an<span class=\"_ _2\"></span>d the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e share<span class=\"_ _2\"></span>s issue<span class=\"_ _2\"></span>d by the Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ny in exchan<span class=\"_ _2\"></span>ge for t<span class=\"_ _2\"></span>he sha<span class=\"_ _2\"></span>res of the G<span class=\"_ _2\"></span>roup\u2019s p<span class=\"_ _2\"></span>reviou<span class=\"_ _2\"></span>s parent<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs192\">comp<span class=\"_ _2\"></span>any<span class=\"_ _0\"></span>, T<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>rget He<span class=\"_ _2\"></span>althc<span class=\"_ _2\"></span>are REIT L<span class=\"_ _2\"></span>imited<span class=\"_ _2\"></span>. This re<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>ve is no<span class=\"_ _2\"></span>n-<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>buta<span class=\"_ _2\"></span>ble.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls13 ws37 gs194\">Distr<span class=\"_ _0\"></span>ibutable R<span class=\"_ _0\"></span>eser<span class=\"_ _2\"></span>ve<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs195\">Th<span class=\"_ _2\"></span>e dist<span class=\"_ _2\"></span>ribu<span class=\"_ _2\"></span>tab<span class=\"_ _2\"></span>le reser<span class=\"_ _2\"></span>ve rep<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span>s th<span class=\"_ _2\"></span>e bala<span class=\"_ _2\"></span>nce ari<span class=\"_ _2\"></span>sing fol<span class=\"_ _2\"></span>lowin<span class=\"_ _2\"></span>g the re<span class=\"_ _2\"></span>duct<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e nom<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>l value o<span class=\"_ _2\"></span>f the sh<span class=\"_ _2\"></span>ares iss<span class=\"_ _2\"></span>ued as p<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>t of the G<span class=\"_ _2\"></span>roup </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs196\">Recon<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on from \u00a3<span class=\"_ _2\"></span>1.0<span class=\"_ _2\"></span>0 per s<span class=\"_ _2\"></span>hare to \u00a30.01 per s<span class=\"_ _2\"></span>hare, as a<span class=\"_ _2\"></span>pproved by t<span class=\"_ _2\"></span>he Hi<span class=\"_ _2\"></span>gh Cour<span class=\"_ _2\"></span>t in Se<span class=\"_ _2\"></span>ptemb<span class=\"_ _2\"></span>er 2019. Th<span class=\"_ _2\"></span>e dis<span class=\"_ _2\"></span>trib<span class=\"_ _2\"></span>utab<span class=\"_ _2\"></span>le reser<span class=\"_ _2\"></span>ve w<span class=\"_ _2\"></span>as </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs197\">redu<span class=\"_ _2\"></span>ced by th<span class=\"_ _2\"></span>e dif<span class=\"_ _2\"></span>ference b<span class=\"_ _2\"></span>etwe<span class=\"_ _2\"></span>en th<span class=\"_ _2\"></span>e fair v<span class=\"_ _2\"></span>alue of t<span class=\"_ _2\"></span>he sha<span class=\"_ _2\"></span>res all<span class=\"_ _2\"></span>otted by t<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany, in exchan<span class=\"_ _2\"></span>ge for th<span class=\"_ _2\"></span>e share<span class=\"_ _2\"></span>s of T<span class=\"_ _0\"></span>arget H<span class=\"_ _2\"></span>ealth<span class=\"_ _2\"></span>care REI<span class=\"_ _2\"></span>T </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs198\">Lim<span class=\"_ _2\"></span>ited, an<span class=\"_ _2\"></span>d the s<span class=\"_ _2\"></span>tated c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al of T<span class=\"_ _0\"></span>arg<span class=\"_ _2\"></span>et Healt<span class=\"_ _2\"></span>hca<span class=\"_ _2\"></span>re REIT Lim<span class=\"_ _2\"></span>ited imm<span class=\"_ _2\"></span>edia<span class=\"_ _2\"></span>tely pri<span class=\"_ _2\"></span>or to the G<span class=\"_ _2\"></span>roup Re<span class=\"_ _2\"></span>const<span class=\"_ _2\"></span>ruct<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs199\">Th<span class=\"_ _2\"></span>is reser<span class=\"_ _2\"></span>ve is d<span class=\"_ _2\"></span>istr<span class=\"_ _2\"></span>ibut<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span>. Any div<span class=\"_ _2\"></span>ide<span class=\"_ _2\"></span>nds pa<span class=\"_ _2\"></span>id in exces<span class=\"_ _2\"></span>s of the b<span class=\"_ _2\"></span>alan<span class=\"_ _2\"></span>ce of the reve<span class=\"_ _2\"></span>nue res<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ve in th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny Fina<span class=\"_ _2\"></span>ncial St<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts w<span class=\"_ _2\"></span>ill be </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs19a\">charged<span class=\"_ _0\"></span> to this<span class=\"_ _0\"></span> reserve.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls64 ws55 gs19b\">He<span class=\"_ _2\"></span>dgin<span class=\"_ _2\"></span>g Res<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ve<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs19c\">Th<span class=\"_ _2\"></span>e follow<span class=\"_ _2\"></span>ing are a<span class=\"_ _2\"></span>ccounted for i<span class=\"_ _2\"></span>n the he<span class=\"_ _2\"></span>dgi<span class=\"_ _2\"></span>ng rese<span class=\"_ _2\"></span>rve:<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs19d\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">In<span class=\"_ _2\"></span>creases a<span class=\"_ _2\"></span>nd decre<span class=\"_ _2\"></span>ases in t<span class=\"_ _2\"></span>he fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e of interes<span class=\"_ _2\"></span>t rate der<span class=\"_ _2\"></span>ivat<span class=\"_ _2\"></span>ives he<span class=\"_ _2\"></span>ld at th<span class=\"_ _2\"></span>e per<span class=\"_ _2\"></span>iod en<span class=\"_ _2\"></span>d.<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls64 ws55 gs19e\">Ca<span class=\"_ _2\"></span>pit<span class=\"_ _2\"></span>al Res<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ve<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs19f\">Th<span class=\"_ _2\"></span>e follow<span class=\"_ _2\"></span>ing are a<span class=\"_ _2\"></span>ccounted for i<span class=\"_ _2\"></span>n the ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l reser<span class=\"_ _2\"></span>ve:<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs1a0\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Ga<span class=\"_ _2\"></span>ins an<span class=\"_ _2\"></span>d losse<span class=\"_ _2\"></span>s on th<span class=\"_ _2\"></span>e disp<span class=\"_ _2\"></span>osal of i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>es;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs1a1\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Ga<span class=\"_ _2\"></span>ins an<span class=\"_ _2\"></span>d losse<span class=\"_ _2\"></span>s on th<span class=\"_ _2\"></span>e disp<span class=\"_ _2\"></span>osal of p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es he<span class=\"_ _2\"></span>ld for sa<span class=\"_ _2\"></span>le;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs1a2\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">In<span class=\"_ _2\"></span>creases a<span class=\"_ _2\"></span>nd decre<span class=\"_ _2\"></span>ases in t<span class=\"_ _2\"></span>he fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e of inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties a<span class=\"_ _2\"></span>nd prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s held fo<span class=\"_ _2\"></span>r sale w<span class=\"_ _2\"></span>hich are h<span class=\"_ _2\"></span>eld at th<span class=\"_ _2\"></span>e per<span class=\"_ _2\"></span>iod e<span class=\"_ _2\"></span>nd;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs1a3\">\u2022 <span class=\"_ _10\"> </span><span class=\"ls45 ws24\">Rent<span class=\"_ _1\"></span> adjustments which<span class=\"_ _0\"></span> represent<span class=\"_ _0\"></span> the effect of<span class=\"_ _0\"></span> spreading uplifts and inc<span class=\"_ _0\"></span>entives<span class=\"_ _1\"></span>;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs1a4\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Ot<span class=\"_ _2\"></span>her ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es or f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ce costs ch<span class=\"_ _2\"></span>arge<span class=\"_ _2\"></span>d to the cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l column of t<span class=\"_ _2\"></span>he State<span class=\"_ _2\"></span>ment of Co<span class=\"_ _2\"></span>mpreh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs1a5\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">T<span class=\"_ _0\"></span>axat<span class=\"_ _2\"></span>ion ar<span class=\"_ _2\"></span>isin<span class=\"_ _2\"></span>g on the a<span class=\"_ _2\"></span>cquisi<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>r disp<span class=\"_ _2\"></span>osal of i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es or p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>es he<span class=\"_ _2\"></span>ld for sa<span class=\"_ _2\"></span>le;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs1a6\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Recove<span class=\"_ _2\"></span>ry o<span class=\"_ _2\"></span>f any cost<span class=\"_ _2\"></span>/tax w<span class=\"_ _2\"></span>here th<span class=\"_ _2\"></span>e ori<span class=\"_ _2\"></span>gina<span class=\"_ _2\"></span>l expe<span class=\"_ _2\"></span>nse/ta<span class=\"_ _2\"></span>x has al<span class=\"_ _2\"></span>so be<span class=\"_ _2\"></span>en cha<span class=\"_ _2\"></span>rged to ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l; and<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs1a7\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e buy<span class=\"_ _2\"></span>back of s<span class=\"_ _2\"></span>hares i<span class=\"_ _2\"></span>nto, and res<span class=\"_ _2\"></span>ale of sh<span class=\"_ _2\"></span>ares fro<span class=\"_ _2\"></span>m, treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h9 ff24 fs5 fc5 sc0 ls64 ws55 gs1a8\">Reven<span class=\"_ _2\"></span>ue Re<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>ve<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1a9\">Th<span class=\"_ _2\"></span>e net prof<span class=\"_ _2\"></span>it/(los<span class=\"_ _2\"></span>s) arisi<span class=\"_ _2\"></span>ng in th<span class=\"_ _2\"></span>e revenu<span class=\"_ _2\"></span>e column o<span class=\"_ _2\"></span>f the State<span class=\"_ _2\"></span>ment of Co<span class=\"_ _2\"></span>mpre<span class=\"_ _2\"></span>hensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e is ad<span class=\"_ _2\"></span>ded to or d<span class=\"_ _2\"></span>edu<span class=\"_ _2\"></span>cted fro<span class=\"_ _2\"></span>m this rese<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ve </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1aa\">whi<span class=\"_ _2\"></span>ch, in a<span class=\"_ _2\"></span>dditi<span class=\"_ _2\"></span>on to the d<span class=\"_ _2\"></span>istr<span class=\"_ _2\"></span>ibut<span class=\"_ _2\"></span>able re<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>ve, is ava<span class=\"_ _2\"></span>ilab<span class=\"_ _2\"></span>le for pay<span class=\"_ _2\"></span>ing d<span class=\"_ _2\"></span>ivid<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span>s.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-338": {
   "value": "(a<span class=\"_ _0\"></span>) Basis of prepar<span class=\"_ _0\"></span>ation<span class=\"_ _231\"> </span>A sum<span class=\"_ _2\"></span>mar<span class=\"_ _2\"></span>y of th<span class=\"_ _2\"></span>e pri<span class=\"_ _2\"></span>ncipa<span class=\"_ _2\"></span>l account<span class=\"_ _2\"></span>ing po<span class=\"_ _2\"></span>lici<span class=\"_ _2\"></span>es, al<span class=\"_ _2\"></span>l of whi<span class=\"_ _2\"></span>ch have be<span class=\"_ _2\"></span>en ap<span class=\"_ _2\"></span>plie<span class=\"_ _2\"></span>d consis<span class=\"_ _2\"></span>tently th<span class=\"_ _2\"></span>rough<span class=\"_ _2\"></span>out th<span class=\"_ _2\"></span>e year<span class=\"_ _0\"></span>, i<span class=\"_ _2\"></span>s set out b<span class=\"_ _2\"></span>elow.<span class=\"_ _231\"> </span>Bas<span class=\"_ _2\"></span>is of a<span class=\"_ _2\"></span>ccountin<span class=\"_ _2\"></span>g<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>ese Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dated Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s have be<span class=\"_ _2\"></span>en prep<span class=\"_ _2\"></span>ared an<span class=\"_ _2\"></span>d app<span class=\"_ _2\"></span>roved in a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>rdan<span class=\"_ _2\"></span>ce with UK-<span class=\"_ _2\"></span>ado<span class=\"_ _2\"></span>pted Intern<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nal Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al <span class=\"ls1\"> </span>Rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ting St<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ards (\u2018<span class=\"_ _2\"></span>IFRS\u2019<span class=\"_ _2\"></span>), app<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>able l<span class=\"_ _2\"></span>egal a<span class=\"_ _2\"></span>nd regu<span class=\"_ _2\"></span>lator<span class=\"_ _2\"></span>y req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of the Co<span class=\"_ _2\"></span>mpan<span class=\"_ _2\"></span>ies Ac<span class=\"_ _2\"></span>t 2006 a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>e UK Lis<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g Rules of t<span class=\"_ _2\"></span>he <span class=\"ls1\"> </span>Fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l Cond<span class=\"_ _2\"></span>uct Au<span class=\"_ _2\"></span>thor<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Whe<span class=\"_ _2\"></span>re prese<span class=\"_ _2\"></span>ntati<span class=\"_ _2\"></span>onal g<span class=\"_ _2\"></span>uid<span class=\"_ _2\"></span>ance set o<span class=\"_ _2\"></span>ut in the St<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nt of Recom<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ded Pr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>ice (\u2018<span class=\"_ _2\"></span>SORP<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>) for inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt trus<span class=\"_ _2\"></span>t compa<span class=\"_ _2\"></span>nie<span class=\"_ _2\"></span>s issue<span class=\"_ _2\"></span>d by the<span class=\"_ _2\"></span> A<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ation o<span class=\"_ _2\"></span>f Invest<span class=\"_ _2\"></span>ment Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>nies (<span class=\"_ _2\"></span>\u2018<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>IC\u2019<span class=\"_ _2\"></span>) in Jul<span class=\"_ _2\"></span>y 2022 is consi<span class=\"_ _2\"></span>stent wit<span class=\"_ _2\"></span>h the req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of IFRS<span class=\"_ _2\"></span>, the Di<span class=\"_ _2\"></span>rector<span class=\"_ _2\"></span>s have sou<span class=\"_ _2\"></span>ght to prep<span class=\"_ _2\"></span>are the<span class=\"_ _2\"></span> Cons<span class=\"_ _2\"></span>olid<span class=\"_ _2\"></span>ated Fina<span class=\"_ _2\"></span>ncia<span class=\"_ _2\"></span>l Stateme<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>n a basis com<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>ant with t<span class=\"_ _2\"></span>he recom<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>dati<span class=\"_ _2\"></span>ons of th<span class=\"_ _2\"></span>e SORP<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e notes a<span class=\"_ _2\"></span>nd fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al sta<span class=\"_ _2\"></span>tement<span class=\"_ _2\"></span>s are pre<span class=\"_ _2\"></span>sented i<span class=\"_ _2\"></span>n poun<span class=\"_ _2\"></span>ds ster<span class=\"_ _2\"></span>ling (<span class=\"_ _2\"></span>bein<span class=\"_ _2\"></span>g the f<span class=\"_ _2\"></span>unc<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>al curre<span class=\"_ _2\"></span>ncy a<span class=\"_ _2\"></span>nd pres<span class=\"_ _2\"></span>entat<span class=\"_ _2\"></span>ion cur<span class=\"_ _2\"></span>renc<span class=\"_ _2\"></span>y for the Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ny) an<span class=\"_ _2\"></span>d are round<span class=\"_ _2\"></span>ed to the n<span class=\"_ _2\"></span>eares<span class=\"_ _2\"></span>t tho<span class=\"_ _2\"></span>usan<span class=\"_ _2\"></span>d except wh<span class=\"_ _2\"></span>ere oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>wise i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ated.<span class=\"_ _231\"> </span>Applicable standards and interpre<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tions<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e account<span class=\"_ _2\"></span>ing p<span class=\"_ _2\"></span>olici<span class=\"_ _2\"></span>es ad<span class=\"_ _2\"></span>opted are con<span class=\"_ _2\"></span>sistent w<span class=\"_ _2\"></span>ith th<span class=\"_ _2\"></span>ose of the p<span class=\"_ _2\"></span>revio<span class=\"_ _2\"></span>us fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l year, except that t<span class=\"_ _2\"></span>he follow<span class=\"_ _2\"></span>ing n<span class=\"_ _2\"></span>ew ame<span class=\"_ _2\"></span>ndm<span class=\"_ _2\"></span>ent to the<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>anda<span class=\"_ _2\"></span>rds has b<span class=\"_ _2\"></span>ecome e<span class=\"_ _2\"></span>ffe<span class=\"_ _2\"></span>ctive i<span class=\"_ _2\"></span>n the cur<span class=\"_ _2\"></span>rent year:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ff24 ws1\">Am<span class=\"_ _2\"></span>endm<span class=\"_ _2\"></span>ents to I<span class=\"_ _2\"></span>AS 1: Cl<span class=\"_ _2\"></span>assi<span class=\"_ _2\"></span>ficati<span class=\"_ _2\"></span>on of Lia<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>ies as Cu<span class=\"_ _2\"></span>rrent or N<span class=\"_ _2\"></span>on-c<span class=\"_ _2\"></span>urrent:<span class=\"ff25\"> I<span class=\"_ _2\"></span>n Janu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y 2020 and O<span class=\"_ _2\"></span>ctob<span class=\"_ _2\"></span>er 2022, th<span class=\"_ _2\"></span>e IA<span class=\"_ _2\"></span>SB issu<span class=\"_ _2\"></span>ed </span></span>amendments to<span class=\"_ _0\"></span> specif<span class=\"_ _2\"></span>y<span class=\"_ _1\"></span> the r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>quir<span class=\"_ _0\"></span>ements for c<span class=\"_ _0\"></span>lassif<span class=\"_ _2\"></span>ying li<span class=\"_ _0\"></span>ab<span class=\"_ _2\"></span>ili<span class=\"_ _0\"></span>ties as cu<span class=\"_ _0\"></span>rrent or non-current.<span class=\"_ _0\"></span> T<span class=\"_ _2\"></span>he<span class=\"_ _1\"></span> amendments clarify:  <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">What i<span class=\"_ _2\"></span>s meant by a r<span class=\"_ _2\"></span>ight to de<span class=\"_ _2\"></span>fer set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent;</span> <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">Th<span class=\"_ _2\"></span>at a righ<span class=\"_ _2\"></span>t to defer mu<span class=\"_ _2\"></span>st exis<span class=\"_ _2\"></span>t at the e<span class=\"_ _2\"></span>nd of th<span class=\"_ _2\"></span>e repo<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>ng pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>;</span> <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">Th<span class=\"_ _2\"></span>at clas<span class=\"_ _2\"></span>sific<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n is unaf<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed by t<span class=\"_ _2\"></span>he like<span class=\"_ _2\"></span>liho<span class=\"_ _2\"></span>od tha<span class=\"_ _2\"></span>t an enti<span class=\"_ _2\"></span>ty w<span class=\"_ _2\"></span>ill exercis<span class=\"_ _2\"></span>e its de<span class=\"_ _2\"></span>ferra<span class=\"_ _2\"></span>l right<span class=\"_ _2\"></span>; and</span> <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">Th<span class=\"_ _2\"></span>at only i<span class=\"_ _2\"></span>f an emb<span class=\"_ _2\"></span>edd<span class=\"_ _2\"></span>ed de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tive in a conv<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ible l<span class=\"_ _2\"></span>iabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y is its<span class=\"_ _2\"></span>elf an e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent wo<span class=\"_ _2\"></span>uld the te<span class=\"_ _2\"></span>rms of a lia<span class=\"_ _2\"></span>bil<span class=\"_ _2\"></span>ity n<span class=\"_ _2\"></span>ot imp<span class=\"_ _2\"></span>act </span> its clas<span class=\"_ _2\"></span>sificat<span class=\"_ _2\"></span>ion. <span class=\"_ _4f\"> </span>In ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on, a req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ent ha<span class=\"_ _2\"></span>s bee<span class=\"_ _2\"></span>n introd<span class=\"_ _2\"></span>uced to requ<span class=\"_ _2\"></span>ire disclo<span class=\"_ _2\"></span>sure whe<span class=\"_ _2\"></span>n a liab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>ising f<span class=\"_ _2\"></span>rom a loa<span class=\"_ _2\"></span>n agree<span class=\"_ _2\"></span>ment is cl<span class=\"_ _2\"></span>assi<span class=\"_ _2\"></span>fied a<span class=\"_ _2\"></span>s <span class=\"ls1\"> </span>no<span class=\"_ _2\"></span>n-<span class=\"_ _2\"></span>curre<span class=\"_ _2\"></span>nt and t<span class=\"_ _2\"></span>he enti<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span>\u2019s right to d<span class=\"_ _2\"></span>efer set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent is cont<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>ent on com<span class=\"_ _2\"></span>plia<span class=\"_ _2\"></span>nce wit<span class=\"_ _2\"></span>h future cove<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s with<span class=\"_ _2\"></span>in tw<span class=\"_ _2\"></span>elve mo<span class=\"_ _2\"></span>nths<span class=\"_ _2\"></span>. <span class=\"ls1\"> </span>The amendments are<span class=\"_ _0\"></span> app<span class=\"_ _2\"></span>lied<span class=\"_ _0\"></span> retro<span class=\"_ _0\"></span>spectively<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>is ame<span class=\"_ _2\"></span>ndm<span class=\"_ _2\"></span>ent do<span class=\"_ _2\"></span>es not h<span class=\"_ _2\"></span>ave an im<span class=\"_ _2\"></span>pact o<span class=\"_ _2\"></span>n the Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dated Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup.<span class=\"_ _231\"> </span>Standard<span class=\"_ _2\"></span>s issued but not yet effe<span class=\"_ _2\"></span>ctive<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">IFRS 18: Pre<span class=\"_ _2\"></span>senta<span class=\"_ _2\"></span>tion a<span class=\"_ _2\"></span>nd Dis<span class=\"_ _2\"></span>closure in F<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial Sta<span class=\"_ _2\"></span>tement<span class=\"_ _2\"></span>s: In Ap<span class=\"_ _2\"></span>ril 202<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>, the IA<span class=\"_ _2\"></span>SB is<span class=\"_ _2\"></span>sued I<span class=\"_ _2\"></span>FRS 18, wh<span class=\"_ _2\"></span>ich repl<span class=\"_ _2\"></span>aces IA<span class=\"_ _2\"></span>S 1. I<span class=\"_ _2\"></span>FRS 18 set<span class=\"_ _2\"></span>s out </span>ge<span class=\"_ _2\"></span>nera<span class=\"_ _2\"></span>l prese<span class=\"_ _2\"></span>ntati<span class=\"_ _2\"></span>on an<span class=\"_ _2\"></span>d disclos<span class=\"_ _2\"></span>ure requ<span class=\"_ _2\"></span>ireme<span class=\"_ _2\"></span>nts th<span class=\"_ _2\"></span>at app<span class=\"_ _2\"></span>ly across t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>imar<span class=\"_ _2\"></span>y f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial s<span class=\"_ _2\"></span>tateme<span class=\"_ _2\"></span>nts a<span class=\"_ _2\"></span>nd the n<span class=\"_ _2\"></span>otes but d<span class=\"_ _2\"></span>oes n<span class=\"_ _2\"></span>ot chan<span class=\"_ _2\"></span>ge how<span class=\"_ _2\"></span> ent<span class=\"_ _2\"></span>ities re<span class=\"_ _2\"></span>cognis<span class=\"_ _2\"></span>e and m<span class=\"_ _2\"></span>easure item<span class=\"_ _2\"></span>s in the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial s<span class=\"_ _2\"></span>tatem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>is inclu<span class=\"_ _2\"></span>des t<span class=\"_ _2\"></span>he requ<span class=\"_ _2\"></span>ireme<span class=\"_ _2\"></span>nt for pres<span class=\"_ _2\"></span>entat<span class=\"_ _2\"></span>ion of t<span class=\"_ _2\"></span>wo ne<span class=\"_ _2\"></span>w defi<span class=\"_ _2\"></span>ned su<span class=\"_ _2\"></span>btotal<span class=\"_ _2\"></span>s in the<span class=\"_ _0\"></span> Income Stat<span class=\"_ _0\"></span>ement. It also<span class=\"_ _0\"></span> requires d<span class=\"_ _1\"></span>iscl<span class=\"_ _1\"></span>osur<span class=\"_ _0\"></span>e of management<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>defined performance<span class=\"_ _0\"></span> measures and<span class=\"_ _0\"></span> includes new r<span class=\"_ _0\"></span>equirements f<span class=\"_ _0\"></span>or ag<span class=\"_ _2\"></span>gregat<span class=\"_ _2\"></span>ion an<span class=\"_ _2\"></span>d disa<span class=\"_ _2\"></span>ggre<span class=\"_ _2\"></span>gatio<span class=\"_ _2\"></span>n of fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l infor<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n base<span class=\"_ _2\"></span>d on the i<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span>ifie<span class=\"_ _2\"></span>d \u2018roles\u2019 of th<span class=\"_ _2\"></span>e prim<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al st<span class=\"_ _2\"></span>atement<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d the no<span class=\"_ _2\"></span>tes. The amendment<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> may become e<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>fectiv<span class=\"_ _0\"></span>e for annual<span class=\"_ _0\"></span> repor<span class=\"_ _2\"></span>ting<span class=\"_ _1\"></span> periods beginning on<span class=\"_ _0\"></span> or after 1 Janu<span class=\"_ _1\"></span>ar<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> 2027<span class=\"_ _f\"></span>, with<span class=\"_ _0\"></span> early application permitt<span class=\"_ _0\"></span>ed, an<span class=\"_ _2\"></span>d with any ch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>es be<span class=\"_ _2\"></span>ing ap<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>ed retrosp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>ively. Howeve<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>, thi<span class=\"_ _2\"></span>s sta<span class=\"_ _2\"></span>ndard h<span class=\"_ _2\"></span>as not yet b<span class=\"_ _2\"></span>een e<span class=\"_ _2\"></span>ndo<span class=\"_ _2\"></span>rsed fo<span class=\"_ _2\"></span>r use in th<span class=\"_ _2\"></span>e UK<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p doe<span class=\"_ _2\"></span>s not consi<span class=\"_ _2\"></span>der t<span class=\"_ _2\"></span>hat the f<span class=\"_ _2\"></span>uture a<span class=\"_ _2\"></span>dopt<span class=\"_ _2\"></span>ion of an<span class=\"_ _2\"></span>y new st<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ards, a<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ded s<span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>dards or i<span class=\"_ _2\"></span>nterpret<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns, in t<span class=\"_ _2\"></span>he form cu<span class=\"_ _2\"></span>rrentl<span class=\"_ _2\"></span>y avai<span class=\"_ _2\"></span>lab<span class=\"_ _2\"></span>le, wil<span class=\"_ _2\"></span>l have any ma<span class=\"_ _2\"></span>terial i<span class=\"_ _2\"></span>mpac<span class=\"_ _2\"></span>t on th<span class=\"_ _2\"></span>e Conso<span class=\"_ _2\"></span>lidate<span class=\"_ _2\"></span>d Finan<span class=\"_ _2\"></span>cial St<span class=\"_ _2\"></span>atemen<span class=\"_ _2\"></span>ts as p<span class=\"_ _2\"></span>resented<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Significant estimat<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span>The preparat<span class=\"_ _0\"></span>ion of financial<span class=\"_ _0\"></span> st<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tements<span class=\"_ _1\"></span> requir<span class=\"_ _0\"></span>es management t<span class=\"_ _0\"></span>o make estima<span class=\"_ _1\"></span>tes<span class=\"_ _0\"></span> and assumptions t<span class=\"_ _1\"></span>hat a<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>fect<span class=\"_ _0\"></span> the amounts reported f<span class=\"_ _0\"></span>or assets an<span class=\"_ _2\"></span>d liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es as at th<span class=\"_ _2\"></span>e bala<span class=\"_ _2\"></span>nce she<span class=\"_ _2\"></span>et date an<span class=\"_ _2\"></span>d the am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed for rev<span class=\"_ _2\"></span>enue a<span class=\"_ _2\"></span>nd exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s dur<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e per<span class=\"_ _2\"></span>iod. T<span class=\"_ _2\"></span>he n<span class=\"_ _2\"></span>ature of th<span class=\"_ _2\"></span>e esti<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n mea<span class=\"_ _2\"></span>ns that a<span class=\"_ _2\"></span>ctua<span class=\"_ _2\"></span>l outcom<span class=\"_ _2\"></span>es could d<span class=\"_ _2\"></span>iffe<span class=\"_ _2\"></span>r from th<span class=\"_ _2\"></span>ose es<span class=\"_ _2\"></span>timates<span class=\"_ _2\"></span>. Es<span class=\"_ _2\"></span>timates a<span class=\"_ _2\"></span>nd un<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>lyin<span class=\"_ _2\"></span>g assum<span class=\"_ _2\"></span>ptio<span class=\"_ _2\"></span>ns are revi<span class=\"_ _2\"></span>ewed on a<span class=\"_ _2\"></span>n ong<span class=\"_ _2\"></span>oin<span class=\"_ _2\"></span>g basis<span class=\"_ _2\"></span>. Revi<span class=\"_ _2\"></span>sions to a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng est<span class=\"_ _2\"></span>imates a<span class=\"_ _2\"></span>re recogni<span class=\"_ _2\"></span>sed in t<span class=\"_ _2\"></span>he pe<span class=\"_ _2\"></span>riod i<span class=\"_ _2\"></span>n which t<span class=\"_ _2\"></span>he es<span class=\"_ _2\"></span>timate<span class=\"_ _2\"></span>s are revise<span class=\"_ _2\"></span>d and i<span class=\"_ _2\"></span>n any futu<span class=\"_ _2\"></span>re per<span class=\"_ _2\"></span>iods af<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>ted. Revalu<span class=\"_ _2\"></span>ation of i<span class=\"_ _2\"></span>nvestme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties (estim<span class=\"_ _2\"></span>ate)<span class=\"_ _231\"> </span>Sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>cant e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ates and a<span class=\"_ _2\"></span>ssum<span class=\"_ _2\"></span>ptio<span class=\"_ _2\"></span>ns are ma<span class=\"_ _2\"></span>de in th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>ation of t<span class=\"_ _2\"></span>he inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p eng<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>d an ind<span class=\"_ _2\"></span>epe<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>nt valu<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> sp<span class=\"_ _2\"></span>ecial<span class=\"_ _2\"></span>ist to asse<span class=\"_ _2\"></span>ss fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ues for t<span class=\"_ _2\"></span>he inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e key assu<span class=\"_ _2\"></span>mptio<span class=\"_ _2\"></span>ns use<span class=\"_ _2\"></span>d to determi<span class=\"_ _2\"></span>ne th<span class=\"_ _2\"></span>e fair v<span class=\"_ _2\"></span>alue of t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s and sen<span class=\"_ _2\"></span>sitiv<span class=\"_ _2\"></span>ity a<span class=\"_ _2\"></span>naly<span class=\"_ _2\"></span>ses are p<span class=\"_ _2\"></span>rovide<span class=\"_ _2\"></span>d in Notes 9 a<span class=\"_ _2\"></span>nd 16.<span class=\"_ _231\"> </span>Other est<span class=\"_ _0\"></span>imates<span class=\"_ _231\"> </span>Provision for expe<span class=\"_ _2\"></span>cted credit losses of accrued re<span class=\"_ _2\"></span>nt and trade receivab<span class=\"_ _2\"></span>les (estimate<span class=\"_ _0\"></span>)<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p uses a p<span class=\"_ _2\"></span>rovisio<span class=\"_ _2\"></span>n matri<span class=\"_ _2\"></span>x to calcul<span class=\"_ _2\"></span>ate expe<span class=\"_ _2\"></span>cted cred<span class=\"_ _2\"></span>it losse<span class=\"_ _2\"></span>s for accru<span class=\"_ _2\"></span>ed rent a<span class=\"_ _2\"></span>nd tra<span class=\"_ _2\"></span>de recei<span class=\"_ _2\"></span>vab<span class=\"_ _2\"></span>les. T<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>rovisio<span class=\"_ _2\"></span>n rates are in<span class=\"_ _2\"></span>itial<span class=\"_ _2\"></span>ly bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s histor<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>l obser<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>d defa<span class=\"_ _2\"></span>ult rates<span class=\"_ _2\"></span>, adj<span class=\"_ _2\"></span>usted for fo<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span>-lo<span class=\"_ _2\"></span>okin<span class=\"_ _2\"></span>g infor<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n. At eve<span class=\"_ _2\"></span>ry re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g date, th<span class=\"_ _2\"></span>e histor<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>l obs<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ved def<span class=\"_ _2\"></span>ault r<span class=\"_ _2\"></span>ates are up<span class=\"_ _2\"></span>dated an<span class=\"_ _2\"></span>d chan<span class=\"_ _2\"></span>ges in t<span class=\"_ _2\"></span>he for<span class=\"_ _2\"></span>wa<span class=\"_ _2\"></span>rd-<span class=\"_ _2\"></span>look<span class=\"_ _2\"></span>ing e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ates are ana<span class=\"_ _2\"></span>lyse<span class=\"_ _2\"></span>d. Whe<span class=\"_ _2\"></span>re histo<span class=\"_ _2\"></span>rica<span class=\"_ _2\"></span>l por<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio los<span class=\"_ _2\"></span>ses are n<span class=\"_ _2\"></span>ot tho<span class=\"_ _2\"></span>ught a<span class=\"_ _2\"></span>n app<span class=\"_ _2\"></span>ropri<span class=\"_ _2\"></span>ate measu<span class=\"_ _2\"></span>re of expe<span class=\"_ _2\"></span>cted cred<span class=\"_ _2\"></span>it losse<span class=\"_ _2\"></span>s base<span class=\"_ _2\"></span>d on the ci<span class=\"_ _2\"></span>rcumst<span class=\"_ _2\"></span>ances of p<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ticul<span class=\"_ _2\"></span>ar tena<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>, the ex<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>ted credit los<span class=\"_ _2\"></span>ses a<span class=\"_ _2\"></span>re ca<span class=\"_ _2\"></span>lculated by i<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span>if<span class=\"_ _2\"></span>yin<span class=\"_ _2\"></span>g scenar<span class=\"_ _2\"></span>ios tha<span class=\"_ _2\"></span>t speci<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>y the am<span class=\"_ _2\"></span>ount a<span class=\"_ _2\"></span>nd tim<span class=\"_ _2\"></span>ing of c<span class=\"_ _2\"></span>ash flo<span class=\"_ _2\"></span>ws for pa<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>cula<span class=\"_ _2\"></span>r outcome<span class=\"_ _2\"></span>s based o<span class=\"_ _2\"></span>n the G<span class=\"_ _2\"></span>roup\u2019s de<span class=\"_ _2\"></span>tail<span class=\"_ _2\"></span>ed kno<span class=\"_ _2\"></span>wled<span class=\"_ _2\"></span>ge, an<span class=\"_ _2\"></span>alysi<span class=\"_ _2\"></span>s and un<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>ndin<span class=\"_ _2\"></span>g of the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial s<span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>ding o<span class=\"_ _2\"></span>f each in<span class=\"_ _2\"></span>divi<span class=\"_ _2\"></span>dual re<span class=\"_ _2\"></span>ntal i<span class=\"_ _2\"></span>ncome d<span class=\"_ _2\"></span>ebtor (i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, where a<span class=\"_ _2\"></span>pprop<span class=\"_ _2\"></span>riate, consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ation o<span class=\"_ _2\"></span>f rental g<span class=\"_ _2\"></span>uar<span class=\"_ _2\"></span>antees<span class=\"_ _2\"></span>, renta<span class=\"_ _2\"></span>l dep<span class=\"_ _2\"></span>osits a<span class=\"_ _2\"></span>nd oth<span class=\"_ _2\"></span>er form<span class=\"_ _2\"></span>s of suret<span class=\"_ _2\"></span>y). The ex<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>ted credit lo<span class=\"_ _2\"></span>ss is ca<span class=\"_ _2\"></span>lculated b<span class=\"_ _2\"></span>y weigh<span class=\"_ _2\"></span>ting t<span class=\"_ _2\"></span>he <span class=\"ls1\"> </span>pred<span class=\"_ _2\"></span>icted l<span class=\"_ _2\"></span>oss un<span class=\"_ _2\"></span>der ea<span class=\"_ _2\"></span>ch scenar<span class=\"_ _2\"></span>io by an e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ate of the p<span class=\"_ _2\"></span>robab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y of each of t<span class=\"_ _2\"></span>hese o<span class=\"_ _2\"></span>utcomes<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e asse<span class=\"_ _2\"></span>ssm<span class=\"_ _2\"></span>ent of th<span class=\"_ _2\"></span>e correl<span class=\"_ _2\"></span>ation b<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>ween h<span class=\"_ _2\"></span>istori<span class=\"_ _2\"></span>cal o<span class=\"_ _2\"></span>bser<span class=\"_ _2\"></span>ved d<span class=\"_ _2\"></span>efau<span class=\"_ _2\"></span>lt rates<span class=\"_ _2\"></span>, for<span class=\"_ _2\"></span>ward lo<span class=\"_ _2\"></span>okin<span class=\"_ _2\"></span>g inform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n and es<span class=\"_ _2\"></span>tima<span class=\"_ _2\"></span>ted credit lo<span class=\"_ _2\"></span>sses is<span class=\"_ _2\"></span> an es<span class=\"_ _2\"></span>tim<span class=\"_ _2\"></span>ate, as is the a<span class=\"_ _2\"></span>sses<span class=\"_ _2\"></span>smen<span class=\"_ _2\"></span>t of the cor<span class=\"_ _2\"></span>relati<span class=\"_ _2\"></span>on be<span class=\"_ _2\"></span>twe<span class=\"_ _2\"></span>en the i<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span>ific<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of the p<span class=\"_ _2\"></span>otentia<span class=\"_ _2\"></span>l scenar<span class=\"_ _2\"></span>ios th<span class=\"_ _2\"></span>at may ari<span class=\"_ _2\"></span>se and t<span class=\"_ _2\"></span>he es<span class=\"_ _2\"></span>timate<span class=\"_ _2\"></span>d prob<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y of each su<span class=\"_ _2\"></span>ch scenar<span class=\"_ _2\"></span>io occur<span class=\"_ _2\"></span>rin<span class=\"_ _2\"></span>g. Th<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>unt of es<span class=\"_ _2\"></span>timated cre<span class=\"_ _2\"></span>dit los<span class=\"_ _2\"></span>ses is se<span class=\"_ _2\"></span>nsiti<span class=\"_ _2\"></span>ve to chang<span class=\"_ _2\"></span>es in th<span class=\"_ _2\"></span>e fina<span class=\"_ _2\"></span>ncia<span class=\"_ _2\"></span>l circumst<span class=\"_ _2\"></span>ances<span class=\"_ _2\"></span> <span class=\"ls1\"> </span>of in<span class=\"_ _2\"></span>divi<span class=\"_ _2\"></span>dual te<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s and i<span class=\"_ _2\"></span>n for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span>-lo<span class=\"_ _2\"></span>okin<span class=\"_ _2\"></span>g infor<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n. Fur<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r deta<span class=\"_ _2\"></span>ils a<span class=\"_ _2\"></span>re provid<span class=\"_ _2\"></span>ed in No<span class=\"_ _2\"></span>tes 3 and 16.<span class=\"_ _231\"> </span>Going concer<span class=\"_ _0\"></span>n<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Dire<span class=\"_ _2\"></span>ctors ha<span class=\"_ _2\"></span>ve contin<span class=\"_ _2\"></span>ued to pl<span class=\"_ _2\"></span>ace a par<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>cular fo<span class=\"_ _2\"></span>cus on th<span class=\"_ _2\"></span>e app<span class=\"_ _2\"></span>ropria<span class=\"_ _2\"></span>tenes<span class=\"_ _2\"></span>s of ado<span class=\"_ _2\"></span>ptin<span class=\"_ _2\"></span>g the go<span class=\"_ _2\"></span>ing con<span class=\"_ _2\"></span>cern ba<span class=\"_ _2\"></span>sis in <span class=\"_ _2\"></span>pre<span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>rin<span class=\"_ _2\"></span>g t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atemen<span class=\"_ _2\"></span>ts for th<span class=\"_ _2\"></span>e year e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s goin<span class=\"_ _2\"></span>g concer<span class=\"_ _2\"></span>n asse<span class=\"_ _2\"></span>ssme<span class=\"_ _2\"></span>nt par<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>cular<span class=\"_ _2\"></span>ly consi<span class=\"_ _2\"></span>dered t<span class=\"_ _2\"></span>hat:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>e of the G<span class=\"_ _2\"></span>roup\u2019s p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfol<span class=\"_ _2\"></span>io of ass<span class=\"_ _2\"></span>ets si<span class=\"_ _2\"></span>gnif<span class=\"_ _2\"></span>icant<span class=\"_ _2\"></span>ly exceed<span class=\"_ _2\"></span>s the va<span class=\"_ _2\"></span>lue of it<span class=\"_ _2\"></span>s liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p is contr<span class=\"_ _2\"></span>actu<span class=\"_ _2\"></span>ally en<span class=\"_ _2\"></span>titled to re<span class=\"_ _2\"></span>ceive rent<span class=\"_ _2\"></span>al inco<span class=\"_ _2\"></span>me wh<span class=\"_ _2\"></span>ich sign<span class=\"_ _2\"></span>ific<span class=\"_ _2\"></span>antly e<span class=\"_ _2\"></span>xceeds it<span class=\"_ _2\"></span>s foreca<span class=\"_ _2\"></span>st exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s and lo<span class=\"_ _2\"></span>an intere<span class=\"_ _2\"></span>st; </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p remai<span class=\"_ _2\"></span>ns with<span class=\"_ _2\"></span>in its l<span class=\"_ _2\"></span>oan coven<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span>s, wit<span class=\"_ _2\"></span>h a weigh<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed ave<span class=\"_ _2\"></span>rag<span class=\"_ _2\"></span>e term to matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y of 4.<span class=\"_ _2\"></span>2 years a<span class=\"_ _2\"></span>nd a fixe<span class=\"_ _2\"></span>d interes<span class=\"_ _2\"></span>t rate on \u00a32<span class=\"_ _2\"></span>30 mill<span class=\"_ _2\"></span>ion </span>of th<span class=\"_ _2\"></span>e Group\u2019s b<span class=\"_ _2\"></span>orrow<span class=\"_ _2\"></span>ings at 3<span class=\"_ _2\"></span>0 June 2025;<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p had b<span class=\"_ _2\"></span>ank lo<span class=\"_ _2\"></span>an faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s that we<span class=\"_ _2\"></span>re due to exp<span class=\"_ _2\"></span>ire in Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2025 which re<span class=\"_ _2\"></span>sulted in t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup hav<span class=\"_ _2\"></span>ing ne<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ve net curre<span class=\"_ _2\"></span>nt </span>ass<span class=\"_ _2\"></span>ets at 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _2\"></span>. Subs<span class=\"_ _2\"></span>eque<span class=\"_ _2\"></span>nt to the ba<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>ce sheet d<span class=\"_ _2\"></span>ate, the G<span class=\"_ _2\"></span>roup su<span class=\"_ _2\"></span>ccessf<span class=\"_ _2\"></span>ully re<span class=\"_ _2\"></span>-f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ced the<span class=\"_ _2\"></span>se loa<span class=\"_ _2\"></span>ns; \u2022 <span class=\"_ _10\"> </span><span class=\"ls2f ws1\">Th<span class=\"_ _2\"></span>e previ<span class=\"_ _2\"></span>ous cont<span class=\"_ _2\"></span>inuat<span class=\"_ _2\"></span>ion vote th<span class=\"_ _2\"></span>at was req<span class=\"_ _2\"></span>uired to b<span class=\"_ _2\"></span>e propo<span class=\"_ _2\"></span>sed un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any\u2019s A<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>icles w<span class=\"_ _2\"></span>as pass<span class=\"_ _2\"></span>ed wit<span class=\"_ _2\"></span>h 100 p<span class=\"_ _2\"></span>er ce<span class=\"_ _2\"></span>nt of t<span class=\"_ _2\"></span>he vo<span class=\"_ _2\"></span>tes </span>cas<span class=\"_ _2\"></span>t bei<span class=\"_ _2\"></span>ng in f<span class=\"_ _2\"></span>avour of th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any\u2019s con<span class=\"_ _2\"></span>tinu<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e nex<span class=\"_ _2\"></span>t continu<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n vote unde<span class=\"_ _2\"></span>r the Co<span class=\"_ _2\"></span>mpany<span class=\"_ _2\"></span>\u2019s Ar<span class=\"_ _2\"></span>ticle<span class=\"_ _2\"></span>s is requ<span class=\"_ _2\"></span>ired to be p<span class=\"_ _2\"></span>ropose<span class=\"_ _2\"></span>d at the AG<span class=\"_ _2\"></span>M expe<span class=\"_ _2\"></span>cted to be h<span class=\"_ _2\"></span>eld in 2027<span class=\"_ _0\"></span>. Th<span class=\"_ _2\"></span>e foreca<span class=\"_ _2\"></span>st cas<span class=\"_ _2\"></span>h flows co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>red as pa<span class=\"_ _2\"></span>rt of t<span class=\"_ _2\"></span>he go<span class=\"_ _2\"></span>ing con<span class=\"_ _2\"></span>cern as<span class=\"_ _2\"></span>sess<span class=\"_ _2\"></span>ment a<span class=\"_ _2\"></span>re based o<span class=\"_ _2\"></span>n the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od from t<span class=\"_ _2\"></span>he date of ap<span class=\"_ _2\"></span>prova<span class=\"_ _2\"></span>l of the fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al st<span class=\"_ _2\"></span>atement<span class=\"_ _2\"></span>s to 31 Decem<span class=\"_ _2\"></span>ber 2026 as co<span class=\"_ _2\"></span>ntain<span class=\"_ _2\"></span>ed in t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s five<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>year via<span class=\"_ _2\"></span>bili<span class=\"_ _2\"></span>ty m<span class=\"_ _2\"></span>ode<span class=\"_ _2\"></span>l (as set out o<span class=\"_ _2\"></span>n pag<span class=\"_ _2\"></span>es 38 an<span class=\"_ _2\"></span>d 39)<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he vi<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> mo<span class=\"_ _2\"></span>del is b<span class=\"_ _2\"></span>ased o<span class=\"_ _2\"></span>n a severe b<span class=\"_ _2\"></span>ut pla<span class=\"_ _2\"></span>usib<span class=\"_ _2\"></span>le downs<span class=\"_ _2\"></span>ide sce<span class=\"_ _2\"></span>nari<span class=\"_ _2\"></span>o. Thro<span class=\"_ _2\"></span>ugho<span class=\"_ _2\"></span>ut thi<span class=\"_ _2\"></span>s severe bu<span class=\"_ _2\"></span>t plau<span class=\"_ _2\"></span>sible d<span class=\"_ _2\"></span>ownsi<span class=\"_ _2\"></span>de scen<span class=\"_ _2\"></span>ario t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup has s<span class=\"_ _2\"></span>uff<span class=\"_ _2\"></span>icien<span class=\"_ _2\"></span>t cas<span class=\"_ _2\"></span>h reser<span class=\"_ _2\"></span>ves a<span class=\"_ _2\"></span>nd is fore<span class=\"_ _2\"></span>cast to b<span class=\"_ _2\"></span>e able to rem<span class=\"_ _2\"></span>ain wi<span class=\"_ _2\"></span>thin th<span class=\"_ _2\"></span>e fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l covenan<span class=\"_ _2\"></span>ts for ea<span class=\"_ _2\"></span>ch of its l<span class=\"_ _2\"></span>oan fa<span class=\"_ _2\"></span>ciliti<span class=\"_ _2\"></span>es for a p<span class=\"_ _2\"></span>erio<span class=\"_ _2\"></span>d of at leas<span class=\"_ _2\"></span>t tw<span class=\"_ _2\"></span>elve mo<span class=\"_ _2\"></span>nths fro<span class=\"_ _2\"></span>m the date of a<span class=\"_ _2\"></span>pprova<span class=\"_ _2\"></span>l of the<span class=\"_ _2\"></span>se fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l state<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup has a s<span class=\"_ _2\"></span>ignif<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>nt bal<span class=\"_ _2\"></span>ance of ca<span class=\"_ _2\"></span>sh and u<span class=\"_ _2\"></span>ndr<span class=\"_ _2\"></span>awn de<span class=\"_ _2\"></span>bt avail<span class=\"_ _2\"></span>able a<span class=\"_ _2\"></span>nd the G<span class=\"_ _2\"></span>roup\u2019s cur<span class=\"_ _2\"></span>rent po<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>y is to pru<span class=\"_ _2\"></span>dentl<span class=\"_ _2\"></span>y retain a p<span class=\"_ _2\"></span>ropor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>is to ensure it c<span class=\"_ _2\"></span>an conti<span class=\"_ _2\"></span>nue to pay t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s expe<span class=\"_ _2\"></span>nses a<span class=\"_ _2\"></span>nd loa<span class=\"_ _2\"></span>n interes<span class=\"_ _2\"></span>t in th<span class=\"_ _2\"></span>e unli<span class=\"_ _2\"></span>kely scen<span class=\"_ _2\"></span>ario t<span class=\"_ _2\"></span>hat th<span class=\"_ _2\"></span>e level of ren<span class=\"_ _2\"></span>tal in<span class=\"_ _2\"></span>come rece<span class=\"_ _2\"></span>ived d<span class=\"_ _2\"></span>eterior<span class=\"_ _2\"></span>ates sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>cantl<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n retain<span class=\"_ _2\"></span>ed wi<span class=\"_ _2\"></span>ll be kep<span class=\"_ _2\"></span>t unde<span class=\"_ _2\"></span>r review<span class=\"_ _2\"></span> dependent on portfolio performanc<span class=\"_ _0\"></span>e and market<span class=\"_ _0\"></span> conditions.<span class=\"_ _231\"> </span>Bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>ese con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>ns, t<span class=\"_ _2\"></span>he Dire<span class=\"_ _2\"></span>ctors co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>r that th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p has a<span class=\"_ _2\"></span>dequ<span class=\"_ _2\"></span>ate resources to con<span class=\"_ _2\"></span>tinu<span class=\"_ _2\"></span>e in ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>onal e<span class=\"_ _2\"></span>xisten<span class=\"_ _2\"></span>ce to 31 Dece<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2026, whi<span class=\"_ _2\"></span>ch is at leas<span class=\"_ _2\"></span>t twe<span class=\"_ _2\"></span>lve mon<span class=\"_ _2\"></span>ths from t<span class=\"_ _2\"></span>he date of is<span class=\"_ _2\"></span>suan<span class=\"_ _2\"></span>ce of this rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>t. For t<span class=\"_ _2\"></span>his reaso<span class=\"_ _2\"></span>n, th<span class=\"_ _2\"></span>ey contin<span class=\"_ _2\"></span>ue to ad<span class=\"_ _2\"></span>opt th<span class=\"_ _2\"></span>e goin<span class=\"_ _2\"></span>g conce<span class=\"_ _2\"></span>rn basi<span class=\"_ _2\"></span>s in prep<span class=\"_ _2\"></span>arin<span class=\"_ _2\"></span>g the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial st<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts for t<span class=\"_ _2\"></span>he year e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025.<span class=\"_ _231\"> </span>In pre<span class=\"_ _2\"></span>pari<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e Conso<span class=\"_ _2\"></span>lidated F<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial St<span class=\"_ _2\"></span>atement<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>he Dire<span class=\"_ _2\"></span>ctors h<span class=\"_ _2\"></span>ave consi<span class=\"_ _2\"></span>dered t<span class=\"_ _2\"></span>he imp<span class=\"_ _2\"></span>act of cl<span class=\"_ _2\"></span>imate cha<span class=\"_ _2\"></span>nge ri<span class=\"_ _2\"></span>sk as set o<span class=\"_ _2\"></span>ut on pa<span class=\"_ _2\"></span>ge 26. In<span class=\"_ _2\"></span> lin<span class=\"_ _2\"></span>e with IFR<span class=\"_ _2\"></span>S, inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s are valu<span class=\"_ _2\"></span>ed at fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue bas<span class=\"_ _2\"></span>ed on op<span class=\"_ _2\"></span>en ma<span class=\"_ _2\"></span>rket va<span class=\"_ _2\"></span>luatio<span class=\"_ _2\"></span>ns as de<span class=\"_ _2\"></span>scrib<span class=\"_ _2\"></span>ed in N<span class=\"_ _2\"></span>otes 1(h) and 9. T<span class=\"_ _2\"></span>he as<span class=\"_ _2\"></span>sess<span class=\"_ _2\"></span>ment of the<span class=\"_ _0\"></span> op<span class=\"_ _2\"></span>en<span class=\"_ _0\"></span> market valua<span class=\"_ _0\"></span>tion includes c<span class=\"_ _0\"></span>onsideration of<span class=\"_ _0\"></span> environmental<span class=\"_ _1\"></span> matters<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> the condition<span class=\"_ _0\"></span> of each pr<span class=\"_ _0\"></span>oper<span class=\"_ _2\"></span>ty.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> investment pr<span class=\"_ _0\"></span>oper<span class=\"_ _2\"></span>ties conti<span class=\"_ _2\"></span>nue to be m<span class=\"_ _2\"></span>onito<span class=\"_ _2\"></span>red by the I<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment M<span class=\"_ _2\"></span>anag<span class=\"_ _2\"></span>er an<span class=\"_ _2\"></span>d key consid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ions i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e EPC rat<span class=\"_ _2\"></span>ings as s<span class=\"_ _2\"></span>umma<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span>d at a por<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>folio lev<span class=\"_ _2\"></span>el on pa<span class=\"_ _2\"></span>ge 9 an<span class=\"_ _2\"></span>d thei<span class=\"_ _2\"></span>r impa<span class=\"_ _2\"></span>ct on t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties\u2019 fo<span class=\"_ _2\"></span>recas<span class=\"_ _2\"></span>t compl<span class=\"_ _2\"></span>iance w<span class=\"_ _2\"></span>ith for<span class=\"_ _2\"></span>thcom<span class=\"_ _2\"></span>ing m<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>um ene<span class=\"_ _2\"></span>rgy ef<span class=\"_ _2\"></span>fici<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y sta<span class=\"_ _2\"></span>nda<span class=\"_ _2\"></span>rds. Hav<span class=\"_ _2\"></span>ing as<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>e impa<span class=\"_ _2\"></span>ct of clim<span class=\"_ _2\"></span>ate chan<span class=\"_ _2\"></span>ge on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p, the Di<span class=\"_ _2\"></span>rector<span class=\"_ _2\"></span>s conclu<span class=\"_ _2\"></span>ded th<span class=\"_ _2\"></span>at it is not e<span class=\"_ _2\"></span>xpec<span class=\"_ _2\"></span>ted to have a si<span class=\"_ _2\"></span>gnif<span class=\"_ _2\"></span>icant i<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ct on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s goin<span class=\"_ _2\"></span>g concer<span class=\"_ _2\"></span>n or via<span class=\"_ _2\"></span>bili<span class=\"_ _2\"></span>ty as<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span>sment a<span class=\"_ _2\"></span>s descr<span class=\"_ _2\"></span>ibe<span class=\"_ _2\"></span>d on pa<span class=\"_ _2\"></span>ges 38 a<span class=\"_ _2\"></span>nd 39.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-368": {
   "value": "Bas<span class=\"_ _2\"></span>is of a<span class=\"_ _2\"></span>ccountin<span class=\"_ _2\"></span>g<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>ese Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dated Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s have be<span class=\"_ _2\"></span>en prep<span class=\"_ _2\"></span>ared an<span class=\"_ _2\"></span>d app<span class=\"_ _2\"></span>roved in a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>rdan<span class=\"_ _2\"></span>ce with UK-<span class=\"_ _2\"></span>ado<span class=\"_ _2\"></span>pted Intern<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nal Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al <span class=\"ls1\"> </span>Rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ting St<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ards (\u2018<span class=\"_ _2\"></span>IFRS\u2019<span class=\"_ _2\"></span>), app<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>able l<span class=\"_ _2\"></span>egal a<span class=\"_ _2\"></span>nd regu<span class=\"_ _2\"></span>lator<span class=\"_ _2\"></span>y req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of the Co<span class=\"_ _2\"></span>mpan<span class=\"_ _2\"></span>ies Ac<span class=\"_ _2\"></span>t 2006 a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>e UK Lis<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g Rules of t<span class=\"_ _2\"></span>he <span class=\"ls1\"> </span>Fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l Cond<span class=\"_ _2\"></span>uct Au<span class=\"_ _2\"></span>thor<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Whe<span class=\"_ _2\"></span>re prese<span class=\"_ _2\"></span>ntati<span class=\"_ _2\"></span>onal g<span class=\"_ _2\"></span>uid<span class=\"_ _2\"></span>ance set o<span class=\"_ _2\"></span>ut in the St<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nt of Recom<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ded Pr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>ice (\u2018<span class=\"_ _2\"></span>SORP<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>) for inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt trus<span class=\"_ _2\"></span>t compa<span class=\"_ _2\"></span>nie<span class=\"_ _2\"></span>s issue<span class=\"_ _2\"></span>d by the<span class=\"_ _2\"></span> A<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ation o<span class=\"_ _2\"></span>f Invest<span class=\"_ _2\"></span>ment Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>nies (<span class=\"_ _2\"></span>\u2018<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>IC\u2019<span class=\"_ _2\"></span>) in Jul<span class=\"_ _2\"></span>y 2022 is consi<span class=\"_ _2\"></span>stent wit<span class=\"_ _2\"></span>h the req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of IFRS<span class=\"_ _2\"></span>, the Di<span class=\"_ _2\"></span>rector<span class=\"_ _2\"></span>s have sou<span class=\"_ _2\"></span>ght to prep<span class=\"_ _2\"></span>are the<span class=\"_ _2\"></span> Cons<span class=\"_ _2\"></span>olid<span class=\"_ _2\"></span>ated Fina<span class=\"_ _2\"></span>ncia<span class=\"_ _2\"></span>l Stateme<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>n a basis com<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>ant with t<span class=\"_ _2\"></span>he recom<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>dati<span class=\"_ _2\"></span>ons of th<span class=\"_ _2\"></span>e SORP<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-369": {
   "value": "Th<span class=\"_ _2\"></span>e notes a<span class=\"_ _2\"></span>nd fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al sta<span class=\"_ _2\"></span>tement<span class=\"_ _2\"></span>s are pre<span class=\"_ _2\"></span>sented i<span class=\"_ _2\"></span>n poun<span class=\"_ _2\"></span>ds ster<span class=\"_ _2\"></span>ling (<span class=\"_ _2\"></span>bein<span class=\"_ _2\"></span>g the f<span class=\"_ _2\"></span>unc<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>al curre<span class=\"_ _2\"></span>ncy a<span class=\"_ _2\"></span>nd pres<span class=\"_ _2\"></span>entat<span class=\"_ _2\"></span>ion cur<span class=\"_ _2\"></span>renc<span class=\"_ _2\"></span>y for the Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ny) an<span class=\"_ _2\"></span>d are round<span class=\"_ _2\"></span>ed to the n<span class=\"_ _2\"></span>eares<span class=\"_ _2\"></span>t tho<span class=\"_ _2\"></span>usan<span class=\"_ _2\"></span>d except wh<span class=\"_ _2\"></span>ere oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>wise i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ated.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-398": {
   "value": "Applicable standards and interpre<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tions<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e account<span class=\"_ _2\"></span>ing p<span class=\"_ _2\"></span>olici<span class=\"_ _2\"></span>es ad<span class=\"_ _2\"></span>opted are con<span class=\"_ _2\"></span>sistent w<span class=\"_ _2\"></span>ith th<span class=\"_ _2\"></span>ose of the p<span class=\"_ _2\"></span>revio<span class=\"_ _2\"></span>us fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l year, except that t<span class=\"_ _2\"></span>he follow<span class=\"_ _2\"></span>ing n<span class=\"_ _2\"></span>ew ame<span class=\"_ _2\"></span>ndm<span class=\"_ _2\"></span>ent to the<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>anda<span class=\"_ _2\"></span>rds has b<span class=\"_ _2\"></span>ecome e<span class=\"_ _2\"></span>ffe<span class=\"_ _2\"></span>ctive i<span class=\"_ _2\"></span>n the cur<span class=\"_ _2\"></span>rent year:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ff24 ws1\">Am<span class=\"_ _2\"></span>endm<span class=\"_ _2\"></span>ents to I<span class=\"_ _2\"></span>AS 1: Cl<span class=\"_ _2\"></span>assi<span class=\"_ _2\"></span>ficati<span class=\"_ _2\"></span>on of Lia<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>ies as Cu<span class=\"_ _2\"></span>rrent or N<span class=\"_ _2\"></span>on-c<span class=\"_ _2\"></span>urrent:<span class=\"ff25\"> I<span class=\"_ _2\"></span>n Janu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y 2020 and O<span class=\"_ _2\"></span>ctob<span class=\"_ _2\"></span>er 2022, th<span class=\"_ _2\"></span>e IA<span class=\"_ _2\"></span>SB issu<span class=\"_ _2\"></span>ed </span></span>amendments to<span class=\"_ _0\"></span> specif<span class=\"_ _2\"></span>y<span class=\"_ _1\"></span> the r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>quir<span class=\"_ _0\"></span>ements for c<span class=\"_ _0\"></span>lassif<span class=\"_ _2\"></span>ying li<span class=\"_ _0\"></span>ab<span class=\"_ _2\"></span>ili<span class=\"_ _0\"></span>ties as cu<span class=\"_ _0\"></span>rrent or non-current.<span class=\"_ _0\"></span> T<span class=\"_ _2\"></span>he<span class=\"_ _1\"></span> amendments clarify:  <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">What i<span class=\"_ _2\"></span>s meant by a r<span class=\"_ _2\"></span>ight to de<span class=\"_ _2\"></span>fer set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent;</span> <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">Th<span class=\"_ _2\"></span>at a righ<span class=\"_ _2\"></span>t to defer mu<span class=\"_ _2\"></span>st exis<span class=\"_ _2\"></span>t at the e<span class=\"_ _2\"></span>nd of th<span class=\"_ _2\"></span>e repo<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>ng pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>;</span> <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">Th<span class=\"_ _2\"></span>at clas<span class=\"_ _2\"></span>sific<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n is unaf<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed by t<span class=\"_ _2\"></span>he like<span class=\"_ _2\"></span>liho<span class=\"_ _2\"></span>od tha<span class=\"_ _2\"></span>t an enti<span class=\"_ _2\"></span>ty w<span class=\"_ _2\"></span>ill exercis<span class=\"_ _2\"></span>e its de<span class=\"_ _2\"></span>ferra<span class=\"_ _2\"></span>l right<span class=\"_ _2\"></span>; and</span> <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">Th<span class=\"_ _2\"></span>at only i<span class=\"_ _2\"></span>f an emb<span class=\"_ _2\"></span>edd<span class=\"_ _2\"></span>ed de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tive in a conv<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ible l<span class=\"_ _2\"></span>iabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y is its<span class=\"_ _2\"></span>elf an e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent wo<span class=\"_ _2\"></span>uld the te<span class=\"_ _2\"></span>rms of a lia<span class=\"_ _2\"></span>bil<span class=\"_ _2\"></span>ity n<span class=\"_ _2\"></span>ot imp<span class=\"_ _2\"></span>act </span> its clas<span class=\"_ _2\"></span>sificat<span class=\"_ _2\"></span>ion. <span class=\"_ _4f\"> </span>In ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on, a req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ent ha<span class=\"_ _2\"></span>s bee<span class=\"_ _2\"></span>n introd<span class=\"_ _2\"></span>uced to requ<span class=\"_ _2\"></span>ire disclo<span class=\"_ _2\"></span>sure whe<span class=\"_ _2\"></span>n a liab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>ising f<span class=\"_ _2\"></span>rom a loa<span class=\"_ _2\"></span>n agree<span class=\"_ _2\"></span>ment is cl<span class=\"_ _2\"></span>assi<span class=\"_ _2\"></span>fied a<span class=\"_ _2\"></span>s <span class=\"ls1\"> </span>no<span class=\"_ _2\"></span>n-<span class=\"_ _2\"></span>curre<span class=\"_ _2\"></span>nt and t<span class=\"_ _2\"></span>he enti<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span>\u2019s right to d<span class=\"_ _2\"></span>efer set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent is cont<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>ent on com<span class=\"_ _2\"></span>plia<span class=\"_ _2\"></span>nce wit<span class=\"_ _2\"></span>h future cove<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s with<span class=\"_ _2\"></span>in tw<span class=\"_ _2\"></span>elve mo<span class=\"_ _2\"></span>nths<span class=\"_ _2\"></span>. <span class=\"ls1\"> </span>The amendments are<span class=\"_ _0\"></span> app<span class=\"_ _2\"></span>lied<span class=\"_ _0\"></span> retro<span class=\"_ _0\"></span>spectively<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>is ame<span class=\"_ _2\"></span>ndm<span class=\"_ _2\"></span>ent do<span class=\"_ _2\"></span>es not h<span class=\"_ _2\"></span>ave an im<span class=\"_ _2\"></span>pact o<span class=\"_ _2\"></span>n the Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dated Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-370": {
   "value": "Applicable standards and interpre<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tions<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e account<span class=\"_ _2\"></span>ing p<span class=\"_ _2\"></span>olici<span class=\"_ _2\"></span>es ad<span class=\"_ _2\"></span>opted are con<span class=\"_ _2\"></span>sistent w<span class=\"_ _2\"></span>ith th<span class=\"_ _2\"></span>ose of the p<span class=\"_ _2\"></span>revio<span class=\"_ _2\"></span>us fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l year, except that t<span class=\"_ _2\"></span>he follow<span class=\"_ _2\"></span>ing n<span class=\"_ _2\"></span>ew ame<span class=\"_ _2\"></span>ndm<span class=\"_ _2\"></span>ent to the<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>anda<span class=\"_ _2\"></span>rds has b<span class=\"_ _2\"></span>ecome e<span class=\"_ _2\"></span>ffe<span class=\"_ _2\"></span>ctive i<span class=\"_ _2\"></span>n the cur<span class=\"_ _2\"></span>rent year:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ff24 ws1\">Am<span class=\"_ _2\"></span>endm<span class=\"_ _2\"></span>ents to I<span class=\"_ _2\"></span>AS 1: Cl<span class=\"_ _2\"></span>assi<span class=\"_ _2\"></span>ficati<span class=\"_ _2\"></span>on of Lia<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>ies as Cu<span class=\"_ _2\"></span>rrent or N<span class=\"_ _2\"></span>on-c<span class=\"_ _2\"></span>urrent:<span class=\"ff25\"> I<span class=\"_ _2\"></span>n Janu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y 2020 and O<span class=\"_ _2\"></span>ctob<span class=\"_ _2\"></span>er 2022, th<span class=\"_ _2\"></span>e IA<span class=\"_ _2\"></span>SB issu<span class=\"_ _2\"></span>ed </span></span>amendments to<span class=\"_ _0\"></span> specif<span class=\"_ _2\"></span>y<span class=\"_ _1\"></span> the r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>quir<span class=\"_ _0\"></span>ements for c<span class=\"_ _0\"></span>lassif<span class=\"_ _2\"></span>ying li<span class=\"_ _0\"></span>ab<span class=\"_ _2\"></span>ili<span class=\"_ _0\"></span>ties as cu<span class=\"_ _0\"></span>rrent or non-current.<span class=\"_ _0\"></span> T<span class=\"_ _2\"></span>he<span class=\"_ _1\"></span> amendments clarify:  <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">What i<span class=\"_ _2\"></span>s meant by a r<span class=\"_ _2\"></span>ight to de<span class=\"_ _2\"></span>fer set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent;</span> <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">Th<span class=\"_ _2\"></span>at a righ<span class=\"_ _2\"></span>t to defer mu<span class=\"_ _2\"></span>st exis<span class=\"_ _2\"></span>t at the e<span class=\"_ _2\"></span>nd of th<span class=\"_ _2\"></span>e repo<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>ng pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>;</span> <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">Th<span class=\"_ _2\"></span>at clas<span class=\"_ _2\"></span>sific<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n is unaf<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed by t<span class=\"_ _2\"></span>he like<span class=\"_ _2\"></span>liho<span class=\"_ _2\"></span>od tha<span class=\"_ _2\"></span>t an enti<span class=\"_ _2\"></span>ty w<span class=\"_ _2\"></span>ill exercis<span class=\"_ _2\"></span>e its de<span class=\"_ _2\"></span>ferra<span class=\"_ _2\"></span>l right<span class=\"_ _2\"></span>; and</span> <span class=\"_ _4d\"></span>\u2013<span class=\"_ _e\"> </span><span class=\"ls4\">Th<span class=\"_ _2\"></span>at only i<span class=\"_ _2\"></span>f an emb<span class=\"_ _2\"></span>edd<span class=\"_ _2\"></span>ed de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tive in a conv<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ible l<span class=\"_ _2\"></span>iabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y is its<span class=\"_ _2\"></span>elf an e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent wo<span class=\"_ _2\"></span>uld the te<span class=\"_ _2\"></span>rms of a lia<span class=\"_ _2\"></span>bil<span class=\"_ _2\"></span>ity n<span class=\"_ _2\"></span>ot imp<span class=\"_ _2\"></span>act </span> its clas<span class=\"_ _2\"></span>sificat<span class=\"_ _2\"></span>ion. <span class=\"_ _4f\"> </span>In ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on, a req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ent ha<span class=\"_ _2\"></span>s bee<span class=\"_ _2\"></span>n introd<span class=\"_ _2\"></span>uced to requ<span class=\"_ _2\"></span>ire disclo<span class=\"_ _2\"></span>sure whe<span class=\"_ _2\"></span>n a liab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>ising f<span class=\"_ _2\"></span>rom a loa<span class=\"_ _2\"></span>n agree<span class=\"_ _2\"></span>ment is cl<span class=\"_ _2\"></span>assi<span class=\"_ _2\"></span>fied a<span class=\"_ _2\"></span>s <span class=\"ls1\"> </span>no<span class=\"_ _2\"></span>n-<span class=\"_ _2\"></span>curre<span class=\"_ _2\"></span>nt and t<span class=\"_ _2\"></span>he enti<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span>\u2019s right to d<span class=\"_ _2\"></span>efer set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent is cont<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>ent on com<span class=\"_ _2\"></span>plia<span class=\"_ _2\"></span>nce wit<span class=\"_ _2\"></span>h future cove<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s with<span class=\"_ _2\"></span>in tw<span class=\"_ _2\"></span>elve mo<span class=\"_ _2\"></span>nths<span class=\"_ _2\"></span>. <span class=\"ls1\"> </span>The amendments are<span class=\"_ _0\"></span> app<span class=\"_ _2\"></span>lied<span class=\"_ _0\"></span> retro<span class=\"_ _0\"></span>spectively<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>is ame<span class=\"_ _2\"></span>ndm<span class=\"_ _2\"></span>ent do<span class=\"_ _2\"></span>es not h<span class=\"_ _2\"></span>ave an im<span class=\"_ _2\"></span>pact o<span class=\"_ _2\"></span>n the Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dated Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup.<span class=\"_ _231\"> </span>Standard<span class=\"_ _2\"></span>s issued but not yet effe<span class=\"_ _2\"></span>ctive<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">IFRS 18: Pre<span class=\"_ _2\"></span>senta<span class=\"_ _2\"></span>tion a<span class=\"_ _2\"></span>nd Dis<span class=\"_ _2\"></span>closure in F<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial Sta<span class=\"_ _2\"></span>tement<span class=\"_ _2\"></span>s: In Ap<span class=\"_ _2\"></span>ril 202<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>, the IA<span class=\"_ _2\"></span>SB is<span class=\"_ _2\"></span>sued I<span class=\"_ _2\"></span>FRS 18, wh<span class=\"_ _2\"></span>ich repl<span class=\"_ _2\"></span>aces IA<span class=\"_ _2\"></span>S 1. I<span class=\"_ _2\"></span>FRS 18 set<span class=\"_ _2\"></span>s out </span>ge<span class=\"_ _2\"></span>nera<span class=\"_ _2\"></span>l prese<span class=\"_ _2\"></span>ntati<span class=\"_ _2\"></span>on an<span class=\"_ _2\"></span>d disclos<span class=\"_ _2\"></span>ure requ<span class=\"_ _2\"></span>ireme<span class=\"_ _2\"></span>nts th<span class=\"_ _2\"></span>at app<span class=\"_ _2\"></span>ly across t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>imar<span class=\"_ _2\"></span>y f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial s<span class=\"_ _2\"></span>tateme<span class=\"_ _2\"></span>nts a<span class=\"_ _2\"></span>nd the n<span class=\"_ _2\"></span>otes but d<span class=\"_ _2\"></span>oes n<span class=\"_ _2\"></span>ot chan<span class=\"_ _2\"></span>ge how<span class=\"_ _2\"></span> ent<span class=\"_ _2\"></span>ities re<span class=\"_ _2\"></span>cognis<span class=\"_ _2\"></span>e and m<span class=\"_ _2\"></span>easure item<span class=\"_ _2\"></span>s in the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial s<span class=\"_ _2\"></span>tatem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>is inclu<span class=\"_ _2\"></span>des t<span class=\"_ _2\"></span>he requ<span class=\"_ _2\"></span>ireme<span class=\"_ _2\"></span>nt for pres<span class=\"_ _2\"></span>entat<span class=\"_ _2\"></span>ion of t<span class=\"_ _2\"></span>wo ne<span class=\"_ _2\"></span>w defi<span class=\"_ _2\"></span>ned su<span class=\"_ _2\"></span>btotal<span class=\"_ _2\"></span>s in the<span class=\"_ _0\"></span> Income Stat<span class=\"_ _0\"></span>ement. It also<span class=\"_ _0\"></span> requires d<span class=\"_ _1\"></span>iscl<span class=\"_ _1\"></span>osur<span class=\"_ _0\"></span>e of management<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>defined performance<span class=\"_ _0\"></span> measures and<span class=\"_ _0\"></span> includes new r<span class=\"_ _0\"></span>equirements f<span class=\"_ _0\"></span>or ag<span class=\"_ _2\"></span>gregat<span class=\"_ _2\"></span>ion an<span class=\"_ _2\"></span>d disa<span class=\"_ _2\"></span>ggre<span class=\"_ _2\"></span>gatio<span class=\"_ _2\"></span>n of fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l infor<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n base<span class=\"_ _2\"></span>d on the i<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span>ifie<span class=\"_ _2\"></span>d \u2018roles\u2019 of th<span class=\"_ _2\"></span>e prim<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al st<span class=\"_ _2\"></span>atement<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d the no<span class=\"_ _2\"></span>tes. The amendment<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> may become e<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>fectiv<span class=\"_ _0\"></span>e for annual<span class=\"_ _0\"></span> repor<span class=\"_ _2\"></span>ting<span class=\"_ _1\"></span> periods beginning on<span class=\"_ _0\"></span> or after 1 Janu<span class=\"_ _1\"></span>ar<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> 2027<span class=\"_ _f\"></span>, with<span class=\"_ _0\"></span> early application permitt<span class=\"_ _0\"></span>ed, an<span class=\"_ _2\"></span>d with any ch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>es be<span class=\"_ _2\"></span>ing ap<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>ed retrosp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>ively. Howeve<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>, thi<span class=\"_ _2\"></span>s sta<span class=\"_ _2\"></span>ndard h<span class=\"_ _2\"></span>as not yet b<span class=\"_ _2\"></span>een e<span class=\"_ _2\"></span>ndo<span class=\"_ _2\"></span>rsed fo<span class=\"_ _2\"></span>r use in th<span class=\"_ _2\"></span>e UK<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p doe<span class=\"_ _2\"></span>s not consi<span class=\"_ _2\"></span>der t<span class=\"_ _2\"></span>hat the f<span class=\"_ _2\"></span>uture a<span class=\"_ _2\"></span>dopt<span class=\"_ _2\"></span>ion of an<span class=\"_ _2\"></span>y new st<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ards, a<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ded s<span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>dards or i<span class=\"_ _2\"></span>nterpret<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns, in t<span class=\"_ _2\"></span>he form cu<span class=\"_ _2\"></span>rrentl<span class=\"_ _2\"></span>y avai<span class=\"_ _2\"></span>lab<span class=\"_ _2\"></span>le, wil<span class=\"_ _2\"></span>l have any ma<span class=\"_ _2\"></span>terial i<span class=\"_ _2\"></span>mpac<span class=\"_ _2\"></span>t on th<span class=\"_ _2\"></span>e Conso<span class=\"_ _2\"></span>lidate<span class=\"_ _2\"></span>d Finan<span class=\"_ _2\"></span>cial St<span class=\"_ _2\"></span>atemen<span class=\"_ _2\"></span>ts as p<span class=\"_ _2\"></span>resented<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-399": {
   "value": "Standard<span class=\"_ _2\"></span>s issued but not yet effe<span class=\"_ _2\"></span>ctive<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">IFRS 18: Pre<span class=\"_ _2\"></span>senta<span class=\"_ _2\"></span>tion a<span class=\"_ _2\"></span>nd Dis<span class=\"_ _2\"></span>closure in F<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial Sta<span class=\"_ _2\"></span>tement<span class=\"_ _2\"></span>s: In Ap<span class=\"_ _2\"></span>ril 202<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>, the IA<span class=\"_ _2\"></span>SB is<span class=\"_ _2\"></span>sued I<span class=\"_ _2\"></span>FRS 18, wh<span class=\"_ _2\"></span>ich repl<span class=\"_ _2\"></span>aces IA<span class=\"_ _2\"></span>S 1. I<span class=\"_ _2\"></span>FRS 18 set<span class=\"_ _2\"></span>s out </span>ge<span class=\"_ _2\"></span>nera<span class=\"_ _2\"></span>l prese<span class=\"_ _2\"></span>ntati<span class=\"_ _2\"></span>on an<span class=\"_ _2\"></span>d disclos<span class=\"_ _2\"></span>ure requ<span class=\"_ _2\"></span>ireme<span class=\"_ _2\"></span>nts th<span class=\"_ _2\"></span>at app<span class=\"_ _2\"></span>ly across t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>imar<span class=\"_ _2\"></span>y f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial s<span class=\"_ _2\"></span>tateme<span class=\"_ _2\"></span>nts a<span class=\"_ _2\"></span>nd the n<span class=\"_ _2\"></span>otes but d<span class=\"_ _2\"></span>oes n<span class=\"_ _2\"></span>ot chan<span class=\"_ _2\"></span>ge how<span class=\"_ _2\"></span> ent<span class=\"_ _2\"></span>ities re<span class=\"_ _2\"></span>cognis<span class=\"_ _2\"></span>e and m<span class=\"_ _2\"></span>easure item<span class=\"_ _2\"></span>s in the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial s<span class=\"_ _2\"></span>tatem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>is inclu<span class=\"_ _2\"></span>des t<span class=\"_ _2\"></span>he requ<span class=\"_ _2\"></span>ireme<span class=\"_ _2\"></span>nt for pres<span class=\"_ _2\"></span>entat<span class=\"_ _2\"></span>ion of t<span class=\"_ _2\"></span>wo ne<span class=\"_ _2\"></span>w defi<span class=\"_ _2\"></span>ned su<span class=\"_ _2\"></span>btotal<span class=\"_ _2\"></span>s in the<span class=\"_ _0\"></span> Income Stat<span class=\"_ _0\"></span>ement. It also<span class=\"_ _0\"></span> requires d<span class=\"_ _1\"></span>iscl<span class=\"_ _1\"></span>osur<span class=\"_ _0\"></span>e of management<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>defined performance<span class=\"_ _0\"></span> measures and<span class=\"_ _0\"></span> includes new r<span class=\"_ _0\"></span>equirements f<span class=\"_ _0\"></span>or ag<span class=\"_ _2\"></span>gregat<span class=\"_ _2\"></span>ion an<span class=\"_ _2\"></span>d disa<span class=\"_ _2\"></span>ggre<span class=\"_ _2\"></span>gatio<span class=\"_ _2\"></span>n of fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l infor<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n base<span class=\"_ _2\"></span>d on the i<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span>ifie<span class=\"_ _2\"></span>d \u2018roles\u2019 of th<span class=\"_ _2\"></span>e prim<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al st<span class=\"_ _2\"></span>atement<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d the no<span class=\"_ _2\"></span>tes. The amendment<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> may become e<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>fectiv<span class=\"_ _0\"></span>e for annual<span class=\"_ _0\"></span> repor<span class=\"_ _2\"></span>ting<span class=\"_ _1\"></span> periods beginning on<span class=\"_ _0\"></span> or after 1 Janu<span class=\"_ _1\"></span>ar<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> 2027<span class=\"_ _f\"></span>, with<span class=\"_ _0\"></span> early application permitt<span class=\"_ _0\"></span>ed, an<span class=\"_ _2\"></span>d with any ch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>es be<span class=\"_ _2\"></span>ing ap<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>ed retrosp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>ively. Howeve<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>, thi<span class=\"_ _2\"></span>s sta<span class=\"_ _2\"></span>ndard h<span class=\"_ _2\"></span>as not yet b<span class=\"_ _2\"></span>een e<span class=\"_ _2\"></span>ndo<span class=\"_ _2\"></span>rsed fo<span class=\"_ _2\"></span>r use in th<span class=\"_ _2\"></span>e UK<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p doe<span class=\"_ _2\"></span>s not consi<span class=\"_ _2\"></span>der t<span class=\"_ _2\"></span>hat the f<span class=\"_ _2\"></span>uture a<span class=\"_ _2\"></span>dopt<span class=\"_ _2\"></span>ion of an<span class=\"_ _2\"></span>y new st<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ards, a<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ded s<span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>dards or i<span class=\"_ _2\"></span>nterpret<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns, in t<span class=\"_ _2\"></span>he form cu<span class=\"_ _2\"></span>rrentl<span class=\"_ _2\"></span>y avai<span class=\"_ _2\"></span>lab<span class=\"_ _2\"></span>le, wil<span class=\"_ _2\"></span>l have any ma<span class=\"_ _2\"></span>terial i<span class=\"_ _2\"></span>mpac<span class=\"_ _2\"></span>t on th<span class=\"_ _2\"></span>e Conso<span class=\"_ _2\"></span>lidate<span class=\"_ _2\"></span>d Finan<span class=\"_ _2\"></span>cial St<span class=\"_ _2\"></span>atemen<span class=\"_ _2\"></span>ts as p<span class=\"_ _2\"></span>resented<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-371": {
   "value": "Significant estimat<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span>The preparat<span class=\"_ _0\"></span>ion of financial<span class=\"_ _0\"></span> st<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tements<span class=\"_ _1\"></span> requir<span class=\"_ _0\"></span>es management t<span class=\"_ _0\"></span>o make estima<span class=\"_ _1\"></span>tes<span class=\"_ _0\"></span> and assumptions t<span class=\"_ _1\"></span>hat a<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>fect<span class=\"_ _0\"></span> the amounts reported f<span class=\"_ _0\"></span>or assets an<span class=\"_ _2\"></span>d liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es as at th<span class=\"_ _2\"></span>e bala<span class=\"_ _2\"></span>nce she<span class=\"_ _2\"></span>et date an<span class=\"_ _2\"></span>d the am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed for rev<span class=\"_ _2\"></span>enue a<span class=\"_ _2\"></span>nd exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s dur<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e per<span class=\"_ _2\"></span>iod. T<span class=\"_ _2\"></span>he n<span class=\"_ _2\"></span>ature of th<span class=\"_ _2\"></span>e esti<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n mea<span class=\"_ _2\"></span>ns that a<span class=\"_ _2\"></span>ctua<span class=\"_ _2\"></span>l outcom<span class=\"_ _2\"></span>es could d<span class=\"_ _2\"></span>iffe<span class=\"_ _2\"></span>r from th<span class=\"_ _2\"></span>ose es<span class=\"_ _2\"></span>timates<span class=\"_ _2\"></span>. Es<span class=\"_ _2\"></span>timates a<span class=\"_ _2\"></span>nd un<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>lyin<span class=\"_ _2\"></span>g assum<span class=\"_ _2\"></span>ptio<span class=\"_ _2\"></span>ns are revi<span class=\"_ _2\"></span>ewed on a<span class=\"_ _2\"></span>n ong<span class=\"_ _2\"></span>oin<span class=\"_ _2\"></span>g basis<span class=\"_ _2\"></span>. Revi<span class=\"_ _2\"></span>sions to a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng est<span class=\"_ _2\"></span>imates a<span class=\"_ _2\"></span>re recogni<span class=\"_ _2\"></span>sed in t<span class=\"_ _2\"></span>he pe<span class=\"_ _2\"></span>riod i<span class=\"_ _2\"></span>n which t<span class=\"_ _2\"></span>he es<span class=\"_ _2\"></span>timate<span class=\"_ _2\"></span>s are revise<span class=\"_ _2\"></span>d and i<span class=\"_ _2\"></span>n any futu<span class=\"_ _2\"></span>re per<span class=\"_ _2\"></span>iods af<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>ted. Revalu<span class=\"_ _2\"></span>ation of i<span class=\"_ _2\"></span>nvestme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties (estim<span class=\"_ _2\"></span>ate)<span class=\"_ _231\"> </span>Sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>cant e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ates and a<span class=\"_ _2\"></span>ssum<span class=\"_ _2\"></span>ptio<span class=\"_ _2\"></span>ns are ma<span class=\"_ _2\"></span>de in th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>ation of t<span class=\"_ _2\"></span>he inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p eng<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>d an ind<span class=\"_ _2\"></span>epe<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>nt valu<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> sp<span class=\"_ _2\"></span>ecial<span class=\"_ _2\"></span>ist to asse<span class=\"_ _2\"></span>ss fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ues for t<span class=\"_ _2\"></span>he inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e key assu<span class=\"_ _2\"></span>mptio<span class=\"_ _2\"></span>ns use<span class=\"_ _2\"></span>d to determi<span class=\"_ _2\"></span>ne th<span class=\"_ _2\"></span>e fair v<span class=\"_ _2\"></span>alue of t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s and sen<span class=\"_ _2\"></span>sitiv<span class=\"_ _2\"></span>ity a<span class=\"_ _2\"></span>naly<span class=\"_ _2\"></span>ses are p<span class=\"_ _2\"></span>rovide<span class=\"_ _2\"></span>d in Notes 9 a<span class=\"_ _2\"></span>nd 16.<span class=\"_ _231\"> </span>Other est<span class=\"_ _0\"></span>imates<span class=\"_ _231\"> </span>Provision for expe<span class=\"_ _2\"></span>cted credit losses of accrued re<span class=\"_ _2\"></span>nt and trade receivab<span class=\"_ _2\"></span>les (estimate<span class=\"_ _0\"></span>)<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p uses a p<span class=\"_ _2\"></span>rovisio<span class=\"_ _2\"></span>n matri<span class=\"_ _2\"></span>x to calcul<span class=\"_ _2\"></span>ate expe<span class=\"_ _2\"></span>cted cred<span class=\"_ _2\"></span>it losse<span class=\"_ _2\"></span>s for accru<span class=\"_ _2\"></span>ed rent a<span class=\"_ _2\"></span>nd tra<span class=\"_ _2\"></span>de recei<span class=\"_ _2\"></span>vab<span class=\"_ _2\"></span>les. T<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>rovisio<span class=\"_ _2\"></span>n rates are in<span class=\"_ _2\"></span>itial<span class=\"_ _2\"></span>ly bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s histor<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>l obser<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>d defa<span class=\"_ _2\"></span>ult rates<span class=\"_ _2\"></span>, adj<span class=\"_ _2\"></span>usted for fo<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span>-lo<span class=\"_ _2\"></span>okin<span class=\"_ _2\"></span>g infor<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n. At eve<span class=\"_ _2\"></span>ry re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g date, th<span class=\"_ _2\"></span>e histor<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>l obs<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ved def<span class=\"_ _2\"></span>ault r<span class=\"_ _2\"></span>ates are up<span class=\"_ _2\"></span>dated an<span class=\"_ _2\"></span>d chan<span class=\"_ _2\"></span>ges in t<span class=\"_ _2\"></span>he for<span class=\"_ _2\"></span>wa<span class=\"_ _2\"></span>rd-<span class=\"_ _2\"></span>look<span class=\"_ _2\"></span>ing e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ates are ana<span class=\"_ _2\"></span>lyse<span class=\"_ _2\"></span>d. Whe<span class=\"_ _2\"></span>re histo<span class=\"_ _2\"></span>rica<span class=\"_ _2\"></span>l por<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio los<span class=\"_ _2\"></span>ses are n<span class=\"_ _2\"></span>ot tho<span class=\"_ _2\"></span>ught a<span class=\"_ _2\"></span>n app<span class=\"_ _2\"></span>ropri<span class=\"_ _2\"></span>ate measu<span class=\"_ _2\"></span>re of expe<span class=\"_ _2\"></span>cted cred<span class=\"_ _2\"></span>it losse<span class=\"_ _2\"></span>s base<span class=\"_ _2\"></span>d on the ci<span class=\"_ _2\"></span>rcumst<span class=\"_ _2\"></span>ances of p<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ticul<span class=\"_ _2\"></span>ar tena<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>, the ex<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>ted credit los<span class=\"_ _2\"></span>ses a<span class=\"_ _2\"></span>re ca<span class=\"_ _2\"></span>lculated by i<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span>if<span class=\"_ _2\"></span>yin<span class=\"_ _2\"></span>g scenar<span class=\"_ _2\"></span>ios tha<span class=\"_ _2\"></span>t speci<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>y the am<span class=\"_ _2\"></span>ount a<span class=\"_ _2\"></span>nd tim<span class=\"_ _2\"></span>ing of c<span class=\"_ _2\"></span>ash flo<span class=\"_ _2\"></span>ws for pa<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>cula<span class=\"_ _2\"></span>r outcome<span class=\"_ _2\"></span>s based o<span class=\"_ _2\"></span>n the G<span class=\"_ _2\"></span>roup\u2019s de<span class=\"_ _2\"></span>tail<span class=\"_ _2\"></span>ed kno<span class=\"_ _2\"></span>wled<span class=\"_ _2\"></span>ge, an<span class=\"_ _2\"></span>alysi<span class=\"_ _2\"></span>s and un<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>ndin<span class=\"_ _2\"></span>g of the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial s<span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>ding o<span class=\"_ _2\"></span>f each in<span class=\"_ _2\"></span>divi<span class=\"_ _2\"></span>dual re<span class=\"_ _2\"></span>ntal i<span class=\"_ _2\"></span>ncome d<span class=\"_ _2\"></span>ebtor (i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, where a<span class=\"_ _2\"></span>pprop<span class=\"_ _2\"></span>riate, consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ation o<span class=\"_ _2\"></span>f rental g<span class=\"_ _2\"></span>uar<span class=\"_ _2\"></span>antees<span class=\"_ _2\"></span>, renta<span class=\"_ _2\"></span>l dep<span class=\"_ _2\"></span>osits a<span class=\"_ _2\"></span>nd oth<span class=\"_ _2\"></span>er form<span class=\"_ _2\"></span>s of suret<span class=\"_ _2\"></span>y). The ex<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>ted credit lo<span class=\"_ _2\"></span>ss is ca<span class=\"_ _2\"></span>lculated b<span class=\"_ _2\"></span>y weigh<span class=\"_ _2\"></span>ting t<span class=\"_ _2\"></span>he <span class=\"ls1\"> </span>pred<span class=\"_ _2\"></span>icted l<span class=\"_ _2\"></span>oss un<span class=\"_ _2\"></span>der ea<span class=\"_ _2\"></span>ch scenar<span class=\"_ _2\"></span>io by an e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ate of the p<span class=\"_ _2\"></span>robab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y of each of t<span class=\"_ _2\"></span>hese o<span class=\"_ _2\"></span>utcomes<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e asse<span class=\"_ _2\"></span>ssm<span class=\"_ _2\"></span>ent of th<span class=\"_ _2\"></span>e correl<span class=\"_ _2\"></span>ation b<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>ween h<span class=\"_ _2\"></span>istori<span class=\"_ _2\"></span>cal o<span class=\"_ _2\"></span>bser<span class=\"_ _2\"></span>ved d<span class=\"_ _2\"></span>efau<span class=\"_ _2\"></span>lt rates<span class=\"_ _2\"></span>, for<span class=\"_ _2\"></span>ward lo<span class=\"_ _2\"></span>okin<span class=\"_ _2\"></span>g inform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n and es<span class=\"_ _2\"></span>tima<span class=\"_ _2\"></span>ted credit lo<span class=\"_ _2\"></span>sses is<span class=\"_ _2\"></span> an es<span class=\"_ _2\"></span>tim<span class=\"_ _2\"></span>ate, as is the a<span class=\"_ _2\"></span>sses<span class=\"_ _2\"></span>smen<span class=\"_ _2\"></span>t of the cor<span class=\"_ _2\"></span>relati<span class=\"_ _2\"></span>on be<span class=\"_ _2\"></span>twe<span class=\"_ _2\"></span>en the i<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span>ific<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of the p<span class=\"_ _2\"></span>otentia<span class=\"_ _2\"></span>l scenar<span class=\"_ _2\"></span>ios th<span class=\"_ _2\"></span>at may ari<span class=\"_ _2\"></span>se and t<span class=\"_ _2\"></span>he es<span class=\"_ _2\"></span>timate<span class=\"_ _2\"></span>d prob<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y of each su<span class=\"_ _2\"></span>ch scenar<span class=\"_ _2\"></span>io occur<span class=\"_ _2\"></span>rin<span class=\"_ _2\"></span>g. Th<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>unt of es<span class=\"_ _2\"></span>timated cre<span class=\"_ _2\"></span>dit los<span class=\"_ _2\"></span>ses is se<span class=\"_ _2\"></span>nsiti<span class=\"_ _2\"></span>ve to chang<span class=\"_ _2\"></span>es in th<span class=\"_ _2\"></span>e fina<span class=\"_ _2\"></span>ncia<span class=\"_ _2\"></span>l circumst<span class=\"_ _2\"></span>ances<span class=\"_ _2\"></span> <span class=\"ls1\"> </span>of in<span class=\"_ _2\"></span>divi<span class=\"_ _2\"></span>dual te<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s and i<span class=\"_ _2\"></span>n for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span>-lo<span class=\"_ _2\"></span>okin<span class=\"_ _2\"></span>g infor<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n. Fur<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r deta<span class=\"_ _2\"></span>ils a<span class=\"_ _2\"></span>re provid<span class=\"_ _2\"></span>ed in No<span class=\"_ _2\"></span>tes 3 and 16.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-372": {
   "value": "Going concer<span class=\"_ _0\"></span>n<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Dire<span class=\"_ _2\"></span>ctors ha<span class=\"_ _2\"></span>ve contin<span class=\"_ _2\"></span>ued to pl<span class=\"_ _2\"></span>ace a par<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>cular fo<span class=\"_ _2\"></span>cus on th<span class=\"_ _2\"></span>e app<span class=\"_ _2\"></span>ropria<span class=\"_ _2\"></span>tenes<span class=\"_ _2\"></span>s of ado<span class=\"_ _2\"></span>ptin<span class=\"_ _2\"></span>g the go<span class=\"_ _2\"></span>ing con<span class=\"_ _2\"></span>cern ba<span class=\"_ _2\"></span>sis in <span class=\"_ _2\"></span>pre<span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>rin<span class=\"_ _2\"></span>g t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atemen<span class=\"_ _2\"></span>ts for th<span class=\"_ _2\"></span>e year e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s goin<span class=\"_ _2\"></span>g concer<span class=\"_ _2\"></span>n asse<span class=\"_ _2\"></span>ssme<span class=\"_ _2\"></span>nt par<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>cular<span class=\"_ _2\"></span>ly consi<span class=\"_ _2\"></span>dered t<span class=\"_ _2\"></span>hat:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>e of the G<span class=\"_ _2\"></span>roup\u2019s p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfol<span class=\"_ _2\"></span>io of ass<span class=\"_ _2\"></span>ets si<span class=\"_ _2\"></span>gnif<span class=\"_ _2\"></span>icant<span class=\"_ _2\"></span>ly exceed<span class=\"_ _2\"></span>s the va<span class=\"_ _2\"></span>lue of it<span class=\"_ _2\"></span>s liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p is contr<span class=\"_ _2\"></span>actu<span class=\"_ _2\"></span>ally en<span class=\"_ _2\"></span>titled to re<span class=\"_ _2\"></span>ceive rent<span class=\"_ _2\"></span>al inco<span class=\"_ _2\"></span>me wh<span class=\"_ _2\"></span>ich sign<span class=\"_ _2\"></span>ific<span class=\"_ _2\"></span>antly e<span class=\"_ _2\"></span>xceeds it<span class=\"_ _2\"></span>s foreca<span class=\"_ _2\"></span>st exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s and lo<span class=\"_ _2\"></span>an intere<span class=\"_ _2\"></span>st; </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p remai<span class=\"_ _2\"></span>ns with<span class=\"_ _2\"></span>in its l<span class=\"_ _2\"></span>oan coven<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span>s, wit<span class=\"_ _2\"></span>h a weigh<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed ave<span class=\"_ _2\"></span>rag<span class=\"_ _2\"></span>e term to matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y of 4.<span class=\"_ _2\"></span>2 years a<span class=\"_ _2\"></span>nd a fixe<span class=\"_ _2\"></span>d interes<span class=\"_ _2\"></span>t rate on \u00a32<span class=\"_ _2\"></span>30 mill<span class=\"_ _2\"></span>ion </span>of th<span class=\"_ _2\"></span>e Group\u2019s b<span class=\"_ _2\"></span>orrow<span class=\"_ _2\"></span>ings at 3<span class=\"_ _2\"></span>0 June 2025;<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p had b<span class=\"_ _2\"></span>ank lo<span class=\"_ _2\"></span>an faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s that we<span class=\"_ _2\"></span>re due to exp<span class=\"_ _2\"></span>ire in Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2025 which re<span class=\"_ _2\"></span>sulted in t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup hav<span class=\"_ _2\"></span>ing ne<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ve net curre<span class=\"_ _2\"></span>nt </span>ass<span class=\"_ _2\"></span>ets at 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _2\"></span>. Subs<span class=\"_ _2\"></span>eque<span class=\"_ _2\"></span>nt to the ba<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>ce sheet d<span class=\"_ _2\"></span>ate, the G<span class=\"_ _2\"></span>roup su<span class=\"_ _2\"></span>ccessf<span class=\"_ _2\"></span>ully re<span class=\"_ _2\"></span>-f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ced the<span class=\"_ _2\"></span>se loa<span class=\"_ _2\"></span>ns; \u2022 <span class=\"_ _10\"> </span><span class=\"ls2f ws1\">Th<span class=\"_ _2\"></span>e previ<span class=\"_ _2\"></span>ous cont<span class=\"_ _2\"></span>inuat<span class=\"_ _2\"></span>ion vote th<span class=\"_ _2\"></span>at was req<span class=\"_ _2\"></span>uired to b<span class=\"_ _2\"></span>e propo<span class=\"_ _2\"></span>sed un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any\u2019s A<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>icles w<span class=\"_ _2\"></span>as pass<span class=\"_ _2\"></span>ed wit<span class=\"_ _2\"></span>h 100 p<span class=\"_ _2\"></span>er ce<span class=\"_ _2\"></span>nt of t<span class=\"_ _2\"></span>he vo<span class=\"_ _2\"></span>tes </span>cas<span class=\"_ _2\"></span>t bei<span class=\"_ _2\"></span>ng in f<span class=\"_ _2\"></span>avour of th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any\u2019s con<span class=\"_ _2\"></span>tinu<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e nex<span class=\"_ _2\"></span>t continu<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n vote unde<span class=\"_ _2\"></span>r the Co<span class=\"_ _2\"></span>mpany<span class=\"_ _2\"></span>\u2019s Ar<span class=\"_ _2\"></span>ticle<span class=\"_ _2\"></span>s is requ<span class=\"_ _2\"></span>ired to be p<span class=\"_ _2\"></span>ropose<span class=\"_ _2\"></span>d at the AG<span class=\"_ _2\"></span>M expe<span class=\"_ _2\"></span>cted to be h<span class=\"_ _2\"></span>eld in 2027<span class=\"_ _0\"></span>. Th<span class=\"_ _2\"></span>e foreca<span class=\"_ _2\"></span>st cas<span class=\"_ _2\"></span>h flows co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>red as pa<span class=\"_ _2\"></span>rt of t<span class=\"_ _2\"></span>he go<span class=\"_ _2\"></span>ing con<span class=\"_ _2\"></span>cern as<span class=\"_ _2\"></span>sess<span class=\"_ _2\"></span>ment a<span class=\"_ _2\"></span>re based o<span class=\"_ _2\"></span>n the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od from t<span class=\"_ _2\"></span>he date of ap<span class=\"_ _2\"></span>prova<span class=\"_ _2\"></span>l of the fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al st<span class=\"_ _2\"></span>atement<span class=\"_ _2\"></span>s to 31 Decem<span class=\"_ _2\"></span>ber 2026 as co<span class=\"_ _2\"></span>ntain<span class=\"_ _2\"></span>ed in t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s five<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>year via<span class=\"_ _2\"></span>bili<span class=\"_ _2\"></span>ty m<span class=\"_ _2\"></span>ode<span class=\"_ _2\"></span>l (as set out o<span class=\"_ _2\"></span>n pag<span class=\"_ _2\"></span>es 38 an<span class=\"_ _2\"></span>d 39)<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he vi<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> mo<span class=\"_ _2\"></span>del is b<span class=\"_ _2\"></span>ased o<span class=\"_ _2\"></span>n a severe b<span class=\"_ _2\"></span>ut pla<span class=\"_ _2\"></span>usib<span class=\"_ _2\"></span>le downs<span class=\"_ _2\"></span>ide sce<span class=\"_ _2\"></span>nari<span class=\"_ _2\"></span>o. Thro<span class=\"_ _2\"></span>ugho<span class=\"_ _2\"></span>ut thi<span class=\"_ _2\"></span>s severe bu<span class=\"_ _2\"></span>t plau<span class=\"_ _2\"></span>sible d<span class=\"_ _2\"></span>ownsi<span class=\"_ _2\"></span>de scen<span class=\"_ _2\"></span>ario t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup has s<span class=\"_ _2\"></span>uff<span class=\"_ _2\"></span>icien<span class=\"_ _2\"></span>t cas<span class=\"_ _2\"></span>h reser<span class=\"_ _2\"></span>ves a<span class=\"_ _2\"></span>nd is fore<span class=\"_ _2\"></span>cast to b<span class=\"_ _2\"></span>e able to rem<span class=\"_ _2\"></span>ain wi<span class=\"_ _2\"></span>thin th<span class=\"_ _2\"></span>e fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l covenan<span class=\"_ _2\"></span>ts for ea<span class=\"_ _2\"></span>ch of its l<span class=\"_ _2\"></span>oan fa<span class=\"_ _2\"></span>ciliti<span class=\"_ _2\"></span>es for a p<span class=\"_ _2\"></span>erio<span class=\"_ _2\"></span>d of at leas<span class=\"_ _2\"></span>t tw<span class=\"_ _2\"></span>elve mo<span class=\"_ _2\"></span>nths fro<span class=\"_ _2\"></span>m the date of a<span class=\"_ _2\"></span>pprova<span class=\"_ _2\"></span>l of the<span class=\"_ _2\"></span>se fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l state<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup has a s<span class=\"_ _2\"></span>ignif<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>nt bal<span class=\"_ _2\"></span>ance of ca<span class=\"_ _2\"></span>sh and u<span class=\"_ _2\"></span>ndr<span class=\"_ _2\"></span>awn de<span class=\"_ _2\"></span>bt avail<span class=\"_ _2\"></span>able a<span class=\"_ _2\"></span>nd the G<span class=\"_ _2\"></span>roup\u2019s cur<span class=\"_ _2\"></span>rent po<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>y is to pru<span class=\"_ _2\"></span>dentl<span class=\"_ _2\"></span>y retain a p<span class=\"_ _2\"></span>ropor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>is to ensure it c<span class=\"_ _2\"></span>an conti<span class=\"_ _2\"></span>nue to pay t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s expe<span class=\"_ _2\"></span>nses a<span class=\"_ _2\"></span>nd loa<span class=\"_ _2\"></span>n interes<span class=\"_ _2\"></span>t in th<span class=\"_ _2\"></span>e unli<span class=\"_ _2\"></span>kely scen<span class=\"_ _2\"></span>ario t<span class=\"_ _2\"></span>hat th<span class=\"_ _2\"></span>e level of ren<span class=\"_ _2\"></span>tal in<span class=\"_ _2\"></span>come rece<span class=\"_ _2\"></span>ived d<span class=\"_ _2\"></span>eterior<span class=\"_ _2\"></span>ates sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>cantl<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n retain<span class=\"_ _2\"></span>ed wi<span class=\"_ _2\"></span>ll be kep<span class=\"_ _2\"></span>t unde<span class=\"_ _2\"></span>r review<span class=\"_ _2\"></span> dependent on portfolio performanc<span class=\"_ _0\"></span>e and market<span class=\"_ _0\"></span> conditions.<span class=\"_ _231\"> </span>Bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>ese con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>ns, t<span class=\"_ _2\"></span>he Dire<span class=\"_ _2\"></span>ctors co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>r that th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p has a<span class=\"_ _2\"></span>dequ<span class=\"_ _2\"></span>ate resources to con<span class=\"_ _2\"></span>tinu<span class=\"_ _2\"></span>e in ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>onal e<span class=\"_ _2\"></span>xisten<span class=\"_ _2\"></span>ce to 31 Dece<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2026, whi<span class=\"_ _2\"></span>ch is at leas<span class=\"_ _2\"></span>t twe<span class=\"_ _2\"></span>lve mon<span class=\"_ _2\"></span>ths from t<span class=\"_ _2\"></span>he date of is<span class=\"_ _2\"></span>suan<span class=\"_ _2\"></span>ce of this rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>t. For t<span class=\"_ _2\"></span>his reaso<span class=\"_ _2\"></span>n, th<span class=\"_ _2\"></span>ey contin<span class=\"_ _2\"></span>ue to ad<span class=\"_ _2\"></span>opt th<span class=\"_ _2\"></span>e goin<span class=\"_ _2\"></span>g conce<span class=\"_ _2\"></span>rn basi<span class=\"_ _2\"></span>s in prep<span class=\"_ _2\"></span>arin<span class=\"_ _2\"></span>g the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial st<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts for t<span class=\"_ _2\"></span>he year e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025.<span class=\"_ _231\"> </span>In pre<span class=\"_ _2\"></span>pari<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e Conso<span class=\"_ _2\"></span>lidated F<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial St<span class=\"_ _2\"></span>atement<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>he Dire<span class=\"_ _2\"></span>ctors h<span class=\"_ _2\"></span>ave consi<span class=\"_ _2\"></span>dered t<span class=\"_ _2\"></span>he imp<span class=\"_ _2\"></span>act of cl<span class=\"_ _2\"></span>imate cha<span class=\"_ _2\"></span>nge ri<span class=\"_ _2\"></span>sk as set o<span class=\"_ _2\"></span>ut on pa<span class=\"_ _2\"></span>ge 26. In<span class=\"_ _2\"></span> lin<span class=\"_ _2\"></span>e with IFR<span class=\"_ _2\"></span>S, inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s are valu<span class=\"_ _2\"></span>ed at fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue bas<span class=\"_ _2\"></span>ed on op<span class=\"_ _2\"></span>en ma<span class=\"_ _2\"></span>rket va<span class=\"_ _2\"></span>luatio<span class=\"_ _2\"></span>ns as de<span class=\"_ _2\"></span>scrib<span class=\"_ _2\"></span>ed in N<span class=\"_ _2\"></span>otes 1(h) and 9. T<span class=\"_ _2\"></span>he as<span class=\"_ _2\"></span>sess<span class=\"_ _2\"></span>ment of the<span class=\"_ _0\"></span> op<span class=\"_ _2\"></span>en<span class=\"_ _0\"></span> market valua<span class=\"_ _0\"></span>tion includes c<span class=\"_ _0\"></span>onsideration of<span class=\"_ _0\"></span> environmental<span class=\"_ _1\"></span> matters<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> the condition<span class=\"_ _0\"></span> of each pr<span class=\"_ _0\"></span>oper<span class=\"_ _2\"></span>ty.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> investment pr<span class=\"_ _0\"></span>oper<span class=\"_ _2\"></span>ties conti<span class=\"_ _2\"></span>nue to be m<span class=\"_ _2\"></span>onito<span class=\"_ _2\"></span>red by the I<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment M<span class=\"_ _2\"></span>anag<span class=\"_ _2\"></span>er an<span class=\"_ _2\"></span>d key consid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ions i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e EPC rat<span class=\"_ _2\"></span>ings as s<span class=\"_ _2\"></span>umma<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span>d at a por<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>folio lev<span class=\"_ _2\"></span>el on pa<span class=\"_ _2\"></span>ge 9 an<span class=\"_ _2\"></span>d thei<span class=\"_ _2\"></span>r impa<span class=\"_ _2\"></span>ct on t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties\u2019 fo<span class=\"_ _2\"></span>recas<span class=\"_ _2\"></span>t compl<span class=\"_ _2\"></span>iance w<span class=\"_ _2\"></span>ith for<span class=\"_ _2\"></span>thcom<span class=\"_ _2\"></span>ing m<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>um ene<span class=\"_ _2\"></span>rgy ef<span class=\"_ _2\"></span>fici<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y sta<span class=\"_ _2\"></span>nda<span class=\"_ _2\"></span>rds. Hav<span class=\"_ _2\"></span>ing as<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>e impa<span class=\"_ _2\"></span>ct of clim<span class=\"_ _2\"></span>ate chan<span class=\"_ _2\"></span>ge on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p, the Di<span class=\"_ _2\"></span>rector<span class=\"_ _2\"></span>s conclu<span class=\"_ _2\"></span>ded th<span class=\"_ _2\"></span>at it is not e<span class=\"_ _2\"></span>xpec<span class=\"_ _2\"></span>ted to have a si<span class=\"_ _2\"></span>gnif<span class=\"_ _2\"></span>icant i<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ct on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s goin<span class=\"_ _2\"></span>g concer<span class=\"_ _2\"></span>n or via<span class=\"_ _2\"></span>bili<span class=\"_ _2\"></span>ty as<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span>sment a<span class=\"_ _2\"></span>s descr<span class=\"_ _2\"></span>ibe<span class=\"_ _2\"></span>d on pa<span class=\"_ _2\"></span>ges 38 a<span class=\"_ _2\"></span>nd 39.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-339": {
   "value": "(b<span class=\"_ _0\"></span>) Basis of cons<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>lida<span class=\"_ _0\"></span>tion<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Conso<span class=\"_ _2\"></span>lida<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed Fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>cial Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s comp<span class=\"_ _2\"></span>rise th<span class=\"_ _2\"></span>e fina<span class=\"_ _2\"></span>ncia<span class=\"_ _2\"></span>l statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of the Co<span class=\"_ _2\"></span>mpan<span class=\"_ _2\"></span>y and al<span class=\"_ _2\"></span>l of its s<span class=\"_ _2\"></span>ubsid<span class=\"_ _2\"></span>iari<span class=\"_ _2\"></span>es draw<span class=\"_ _2\"></span>n up to 30 Jun<span class=\"_ _2\"></span>e 2025. Sub<span class=\"_ _2\"></span>sidia<span class=\"_ _2\"></span>ries a<span class=\"_ _2\"></span>re those e<span class=\"_ _2\"></span>ntiti<span class=\"_ _2\"></span>es, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing sp<span class=\"_ _2\"></span>ecia<span class=\"_ _2\"></span>l purp<span class=\"_ _2\"></span>ose ent<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s, contro<span class=\"_ _2\"></span>lled by th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any an<span class=\"_ _2\"></span>d fur<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r inform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n is provi<span class=\"_ _2\"></span>ded in N<span class=\"_ _2\"></span>ote 11<span class=\"_ _2\"></span>. Cont<span class=\"_ _2\"></span>rol exis<span class=\"_ _2\"></span>ts wh<span class=\"_ _2\"></span>en th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny is exp<span class=\"_ _2\"></span>osed, o<span class=\"_ _2\"></span>r has ri<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span>s, to var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e returns f<span class=\"_ _2\"></span>rom its i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment w<span class=\"_ _2\"></span>ith the i<span class=\"_ _2\"></span>nvestee a<span class=\"_ _2\"></span>nd has t<span class=\"_ _2\"></span>he ab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y to affe<span class=\"_ _2\"></span>ct tho<span class=\"_ _2\"></span>se return<span class=\"_ _2\"></span>s throu<span class=\"_ _2\"></span>gh its p<span class=\"_ _2\"></span>ower ove<span class=\"_ _2\"></span>r the inve<span class=\"_ _2\"></span>stee. I<span class=\"_ _2\"></span>n asses<span class=\"_ _2\"></span>sin<span class=\"_ _2\"></span>g control<span class=\"_ _2\"></span>, potenti<span class=\"_ _2\"></span>al voti<span class=\"_ _2\"></span>ng rig<span class=\"_ _2\"></span>hts th<span class=\"_ _2\"></span>at pres<span class=\"_ _2\"></span>ently are e<span class=\"_ _2\"></span>xercisab<span class=\"_ _2\"></span>le are ta<span class=\"_ _2\"></span>ken into accou<span class=\"_ _2\"></span>nt. Th<span class=\"_ _2\"></span>e fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l state<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s of subs<span class=\"_ _2\"></span>idia<span class=\"_ _2\"></span>ries a<span class=\"_ _2\"></span>re inclu<span class=\"_ _2\"></span>ded in t<span class=\"_ _2\"></span>he Cons<span class=\"_ _2\"></span>olid<span class=\"_ _2\"></span>ated Fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l Stateme<span class=\"_ _2\"></span>nts f<span class=\"_ _2\"></span>rom the d<span class=\"_ _2\"></span>ate that cont<span class=\"_ _2\"></span>rol comm<span class=\"_ _2\"></span>ences u<span class=\"_ _2\"></span>ntil th<span class=\"_ _2\"></span>e date th<span class=\"_ _2\"></span>at control ceas<span class=\"_ _2\"></span>es.<span class=\"_ _231\"> </span>In pre<span class=\"_ _2\"></span>pari<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e Conso<span class=\"_ _2\"></span>lidated F<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial St<span class=\"_ _2\"></span>atement<span class=\"_ _2\"></span>s, i<span class=\"_ _2\"></span>ntra gro<span class=\"_ _2\"></span>up bal<span class=\"_ _2\"></span>ances<span class=\"_ _2\"></span>, tra<span class=\"_ _2\"></span>nsac<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s and u<span class=\"_ _2\"></span>nrealis<span class=\"_ _2\"></span>ed gai<span class=\"_ _2\"></span>ns or los<span class=\"_ _2\"></span>ses ha<span class=\"_ _2\"></span>ve bee<span class=\"_ _2\"></span>n elim<span class=\"_ _2\"></span>inated in f<span class=\"_ _2\"></span>ull<span class=\"_ _2\"></span>. Uni<span class=\"_ _2\"></span>form accou<span class=\"_ _2\"></span>nting p<span class=\"_ _2\"></span>oli<span class=\"_ _2\"></span>cies are a<span class=\"_ _2\"></span>dopte<span class=\"_ _2\"></span>d for all com<span class=\"_ _2\"></span>pani<span class=\"_ _2\"></span>es wit<span class=\"_ _2\"></span>hin th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-340": {
   "value": "(c<span class=\"_ _0\"></span>) Revenue recogni<span class=\"_ _0\"></span>tion<span class=\"_ _231\"> </span>Rental Income<span class=\"_ _231\"> </span>Rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come ar<span class=\"_ _2\"></span>ising o<span class=\"_ _2\"></span>n inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties is a<span class=\"_ _2\"></span>ccounted for i<span class=\"_ _2\"></span>n the Sta<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>em<span class=\"_ _2\"></span>ent of Com<span class=\"_ _2\"></span>preh<span class=\"_ _2\"></span>ensive I<span class=\"_ _2\"></span>ncome o<span class=\"_ _2\"></span>n a str<span class=\"_ _2\"></span>aigh<span class=\"_ _2\"></span>t line b<span class=\"_ _2\"></span>asis over t<span class=\"_ _2\"></span>he leas<span class=\"_ _2\"></span>e term ta<span class=\"_ _2\"></span>king a<span class=\"_ _2\"></span>cc<span class=\"_ _1\"></span>oun<span class=\"_ _2\"></span>t of the fol<span class=\"_ _2\"></span>lowin<span class=\"_ _2\"></span>g:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e lease a<span class=\"_ _2\"></span>gree<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s on th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties h<span class=\"_ _2\"></span>eld wit<span class=\"_ _2\"></span>hin th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfoli<span class=\"_ _2\"></span>o gen<span class=\"_ _2\"></span>eral<span class=\"_ _2\"></span>ly allow fo<span class=\"_ _2\"></span>r regul<span class=\"_ _2\"></span>ar in<span class=\"_ _2\"></span>creases in t<span class=\"_ _2\"></span>he contr<span class=\"_ _2\"></span>acted<span class=\"_ _2\"></span> </span>rent<span class=\"_ _2\"></span>al level i<span class=\"_ _2\"></span>n line w<span class=\"_ _2\"></span>ith inf<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>on, wi<span class=\"_ _2\"></span>thin a c<span class=\"_ _2\"></span>ap and a co<span class=\"_ _2\"></span>llar, or at a fixe<span class=\"_ _2\"></span>d level<span class=\"_ _2\"></span>. Any ren<span class=\"_ _2\"></span>tal in<span class=\"_ _2\"></span>come f<span class=\"_ _2\"></span>rom such f<span class=\"_ _2\"></span>uture fi<span class=\"_ _2\"></span>xed and m<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>um gua<span class=\"_ _2\"></span>rantee<span class=\"_ _2\"></span>d rent revi<span class=\"_ _2\"></span>ew upl<span class=\"_ _2\"></span>ift<span class=\"_ _2\"></span>s is rec<span class=\"_ _2\"></span>alcula<span class=\"_ _2\"></span>ted to reflec<span class=\"_ _2\"></span>t the a<span class=\"_ _2\"></span>ctua<span class=\"_ _2\"></span>l rent upl<span class=\"_ _2\"></span>ift re<span class=\"_ _2\"></span>alise<span class=\"_ _2\"></span>d in the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od an<span class=\"_ _2\"></span>d is recogn<span class=\"_ _2\"></span>ised o<span class=\"_ _2\"></span>n a stra<span class=\"_ _2\"></span>ight l<span class=\"_ _2\"></span>ine ba<span class=\"_ _2\"></span>sis over th<span class=\"_ _2\"></span>e rema<span class=\"_ _2\"></span>inde<span class=\"_ _2\"></span>r of the le<span class=\"_ _2\"></span>ase term;<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ls2f ws1\">Lease i<span class=\"_ _2\"></span>ncenti<span class=\"_ _2\"></span>ves are sp<span class=\"_ _2\"></span>read eve<span class=\"_ _2\"></span>nly over t<span class=\"_ _2\"></span>he leas<span class=\"_ _2\"></span>e term, eve<span class=\"_ _2\"></span>n if paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are not m<span class=\"_ _2\"></span>ade o<span class=\"_ _2\"></span>n such a bas<span class=\"_ _2\"></span>is. T<span class=\"_ _2\"></span>he leas<span class=\"_ _2\"></span>e term is th<span class=\"_ _2\"></span>e non<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>cella<span class=\"_ _2\"></span>ble </span>pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d of the lea<span class=\"_ _2\"></span>se toget<span class=\"_ _2\"></span>her w<span class=\"_ _2\"></span>ith any f<span class=\"_ _2\"></span>urt<span class=\"_ _2\"></span>her ter<span class=\"_ _2\"></span>m for whi<span class=\"_ _2\"></span>ch the ten<span class=\"_ _2\"></span>ant has t<span class=\"_ _2\"></span>he opt<span class=\"_ _2\"></span>ion to conti<span class=\"_ _2\"></span>nue th<span class=\"_ _2\"></span>e lease w<span class=\"_ _2\"></span>here, at t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>ceptio<span class=\"_ _2\"></span>n of the leas<span class=\"_ _2\"></span>e, the D<span class=\"_ _2\"></span>irector<span class=\"_ _2\"></span>s are reaso<span class=\"_ _2\"></span>nab<span class=\"_ _2\"></span>ly cer<span class=\"_ _2\"></span>tain t<span class=\"_ _2\"></span>hat the te<span class=\"_ _2\"></span>nant wi<span class=\"_ _2\"></span>ll exercise t<span class=\"_ _2\"></span>hat opt<span class=\"_ _2\"></span>ion; an<span class=\"_ _2\"></span>d<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Cont<span class=\"_ _2\"></span>inge<span class=\"_ _2\"></span>nt rent<span class=\"_ _2\"></span>s are recog<span class=\"_ _2\"></span>nised i<span class=\"_ _2\"></span>n the p<span class=\"_ _2\"></span>erio<span class=\"_ _2\"></span>d in wh<span class=\"_ _2\"></span>ich they a<span class=\"_ _2\"></span>re receive<span class=\"_ _2\"></span>d.<span class=\"_ _231\"> </span></span>Whe<span class=\"_ _2\"></span>re incom<span class=\"_ _2\"></span>e is recog<span class=\"_ _2\"></span>nised i<span class=\"_ _2\"></span>n adva<span class=\"_ _2\"></span>nce of th<span class=\"_ _2\"></span>e related c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ows due to f<span class=\"_ _2\"></span>ixed or m<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>um gua<span class=\"_ _2\"></span>rantee<span class=\"_ _2\"></span>d rent revi<span class=\"_ _2\"></span>ew upl<span class=\"_ _2\"></span>ift<span class=\"_ _2\"></span>s or le<span class=\"_ _2\"></span>ase ince<span class=\"_ _2\"></span>ntives<span class=\"_ _2\"></span>, an a<span class=\"_ _2\"></span>djus<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t is mad<span class=\"_ _2\"></span>e to ensure th<span class=\"_ _2\"></span>at the c<span class=\"_ _2\"></span>arr<span class=\"_ _2\"></span>yi<span class=\"_ _2\"></span>ng val<span class=\"_ _2\"></span>ue of th<span class=\"_ _2\"></span>e relevan<span class=\"_ _2\"></span>t prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y in<span class=\"_ _2\"></span>cludi<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e accrue<span class=\"_ _2\"></span>d rent rel<span class=\"_ _2\"></span>ating to su<span class=\"_ _2\"></span>ch upl<span class=\"_ _2\"></span>ift<span class=\"_ _2\"></span>s or lea<span class=\"_ _2\"></span>se ince<span class=\"_ _2\"></span>ntives d<span class=\"_ _2\"></span>oes n<span class=\"_ _2\"></span>ot exceed t<span class=\"_ _2\"></span>he ex<span class=\"_ _2\"></span>terna<span class=\"_ _2\"></span>l valua<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Any re<span class=\"_ _2\"></span>ntal in<span class=\"_ _2\"></span>come a<span class=\"_ _2\"></span>risin<span class=\"_ _2\"></span>g in the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od du<span class=\"_ _2\"></span>e to the recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of fixe<span class=\"_ _2\"></span>d or mi<span class=\"_ _2\"></span>nimu<span class=\"_ _2\"></span>m guar<span class=\"_ _2\"></span>anteed re<span class=\"_ _2\"></span>nt review u<span class=\"_ _2\"></span>plif<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s on a str<span class=\"_ _2\"></span>aig<span class=\"_ _2\"></span>ht line b<span class=\"_ _2\"></span>asis is recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d in the c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al colu<span class=\"_ _2\"></span>mn of the St<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nt of Comp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsive In<span class=\"_ _2\"></span>come. T<span class=\"_ _2\"></span>his is co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>red to be ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l in nat<span class=\"_ _2\"></span>ure as it repre<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span>s a tim<span class=\"_ _2\"></span>ing di<span class=\"_ _2\"></span>ffere<span class=\"_ _2\"></span>nce comp<span class=\"_ _2\"></span>ared to the b<span class=\"_ _2\"></span>asis of reco<span class=\"_ _2\"></span>gniti<span class=\"_ _2\"></span>on ap<span class=\"_ _2\"></span>plie<span class=\"_ _2\"></span>d by the e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>al val<span class=\"_ _2\"></span>uers i<span class=\"_ _2\"></span>n determ<span class=\"_ _2\"></span>inin<span class=\"_ _2\"></span>g the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s, an<span class=\"_ _2\"></span>d therefo<span class=\"_ _2\"></span>re shou<span class=\"_ _2\"></span>ld be m<span class=\"_ _2\"></span>atched ag<span class=\"_ _2\"></span>ains<span class=\"_ _2\"></span>t the e<span class=\"_ _2\"></span>qual b<span class=\"_ _2\"></span>ut opp<span class=\"_ _2\"></span>osite ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l gain/(los<span class=\"_ _2\"></span>s) on inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Other Rent<span class=\"_ _2\"></span>al Income<span class=\"_ _231\"> </span>Sur<span class=\"_ _2\"></span>rend<span class=\"_ _2\"></span>er prem<span class=\"_ _2\"></span>iums rece<span class=\"_ _2\"></span>ivab<span class=\"_ _2\"></span>le are recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d on the co<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>tion of a<span class=\"_ _2\"></span>n uncon<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>onal d<span class=\"_ _2\"></span>eed of s<span class=\"_ _2\"></span>urren<span class=\"_ _2\"></span>der a<span class=\"_ _2\"></span>nd are recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d in revenu<span class=\"_ _2\"></span>e whe<span class=\"_ _2\"></span>re the re<span class=\"_ _2\"></span>ceipt is in co<span class=\"_ _2\"></span>mpe<span class=\"_ _2\"></span>nsati<span class=\"_ _2\"></span>on for a red<span class=\"_ _2\"></span>uct<span class=\"_ _2\"></span>ion in re<span class=\"_ _2\"></span>nt or the g<span class=\"_ _2\"></span>rant<span class=\"_ _2\"></span>ing of a ren<span class=\"_ _2\"></span>t free pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d to an incom<span class=\"_ _2\"></span>ing ten<span class=\"_ _2\"></span>ant, a<span class=\"_ _2\"></span>nd in c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al wh<span class=\"_ _2\"></span>en the p<span class=\"_ _2\"></span>remiu<span class=\"_ _2\"></span>m recei<span class=\"_ _2\"></span>ved is in com<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>satio<span class=\"_ _2\"></span>n for a redu<span class=\"_ _2\"></span>cti<span class=\"_ _2\"></span>on in th<span class=\"_ _2\"></span>e capi<span class=\"_ _2\"></span>tal va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e relev<span class=\"_ _2\"></span>ant prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y as a result of t<span class=\"_ _2\"></span>he tena<span class=\"_ _2\"></span>nt\u2019s su<span class=\"_ _2\"></span>rrend<span class=\"_ _2\"></span>er of th<span class=\"_ _2\"></span>e lease.<span class=\"_ _231\"> </span>Interest Income<span class=\"_ _231\"> </span>Interes<span class=\"_ _2\"></span>t inco<span class=\"_ _2\"></span>me is accou<span class=\"_ _2\"></span>nted for on a<span class=\"_ _2\"></span>n accrua<span class=\"_ _2\"></span>ls ba<span class=\"_ _2\"></span>sis.<span class=\"_ _231\"> </span>Service char<span class=\"_ _1\"></span>ges and e<span class=\"_ _0\"></span>xpenses rec<span class=\"_ _1\"></span>ov<span class=\"_ _0\"></span>erable fr<span class=\"_ _0\"></span>om tenan<span class=\"_ _1\"></span>ts<span class=\"_ _231\"> </span>Inco<span class=\"_ _2\"></span>me ar<span class=\"_ _2\"></span>ising f<span class=\"_ _2\"></span>rom exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s recharg<span class=\"_ _2\"></span>ed to tenant<span class=\"_ _2\"></span>s is reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d in the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od in wh<span class=\"_ _2\"></span>ich th<span class=\"_ _2\"></span>e compe<span class=\"_ _2\"></span>nsat<span class=\"_ _2\"></span>ion b<span class=\"_ _2\"></span>ecome<span class=\"_ _2\"></span>s receiva<span class=\"_ _2\"></span>ble. S<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>vice charg<span class=\"_ _2\"></span>es an<span class=\"_ _2\"></span>d othe<span class=\"_ _2\"></span>r such recei<span class=\"_ _2\"></span>pts a<span class=\"_ _2\"></span>re inclu<span class=\"_ _2\"></span>ded gros<span class=\"_ _2\"></span>s of the re<span class=\"_ _2\"></span>lated cost<span class=\"_ _2\"></span>s, as t<span class=\"_ _2\"></span>he Di<span class=\"_ _2\"></span>rector<span class=\"_ _2\"></span>s consid<span class=\"_ _2\"></span>er the G<span class=\"_ _2\"></span>roup a<span class=\"_ _2\"></span>cts a<span class=\"_ _2\"></span>s prin<span class=\"_ _2\"></span>cipa<span class=\"_ _2\"></span>l in this res<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>t. Property<span class=\"_ _2\"></span>-relat<span class=\"_ _0\"></span>ed expenses<span class=\"_ _1\"></span> which ar<span class=\"_ _0\"></span>e not r<span class=\"_ _0\"></span>ecoverable<span class=\"_ _0\"></span> from t<span class=\"_ _0\"></span>enants are r<span class=\"_ _0\"></span>ecognised in<span class=\"_ _0\"></span> expenses on an<span class=\"_ _0\"></span> accruals basi<span class=\"_ _1\"></span>s.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-400": {
   "value": "Interest Income<span class=\"_ _231\"> </span>Interes<span class=\"_ _2\"></span>t inco<span class=\"_ _2\"></span>me is accou<span class=\"_ _2\"></span>nted for on a<span class=\"_ _2\"></span>n accrua<span class=\"_ _2\"></span>ls ba<span class=\"_ _2\"></span>sis.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-373": {
   "value": "Interest Income<span class=\"_ _231\"> </span>Interes<span class=\"_ _2\"></span>t inco<span class=\"_ _2\"></span>me is accou<span class=\"_ _2\"></span>nted for on a<span class=\"_ _2\"></span>n accrua<span class=\"_ _2\"></span>ls ba<span class=\"_ _2\"></span>sis.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-341": {
   "value": "(d<span class=\"_ _0\"></span>) Expenses<span class=\"_ _231\"> </span>Ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es are accou<span class=\"_ _2\"></span>nted for on a<span class=\"_ _2\"></span>n accrua<span class=\"_ _2\"></span>ls ba<span class=\"_ _2\"></span>sis an<span class=\"_ _2\"></span>d are inclu<span class=\"_ _2\"></span>sive of ir<span class=\"_ _2\"></span>recovera<span class=\"_ _2\"></span>ble VA<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t mana<span class=\"_ _2\"></span>gem<span class=\"_ _2\"></span>ent an<span class=\"_ _2\"></span>d adm<span class=\"_ _2\"></span>inist<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>on fees<span class=\"_ _2\"></span>, fin<span class=\"_ _2\"></span>ance cost<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d all oth<span class=\"_ _2\"></span>er exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s are charg<span class=\"_ _2\"></span>ed th<span class=\"_ _2\"></span>rough th<span class=\"_ _2\"></span>e Statem<span class=\"_ _2\"></span>ent of Com<span class=\"_ _2\"></span>preh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e and a<span class=\"_ _2\"></span>re charge<span class=\"_ _2\"></span>d to r<span class=\"_ _1\"></span>even<span class=\"_ _2\"></span>ue, except<span class=\"_ _2\"></span> wh<span class=\"_ _2\"></span>ere such cos<span class=\"_ _2\"></span>ts rel<span class=\"_ _2\"></span>ate whol<span class=\"_ _2\"></span>ly to capi<span class=\"_ _2\"></span>tal ma<span class=\"_ _2\"></span>tters s<span class=\"_ _2\"></span>uch as th<span class=\"_ _2\"></span>e reorga<span class=\"_ _2\"></span>nisa<span class=\"_ _2\"></span>tion of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s equ<span class=\"_ _2\"></span>ity s<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>cture o<span class=\"_ _2\"></span>r the ea<span class=\"_ _2\"></span>rly repay<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t of its external<span class=\"_ _0\"></span> loan facilities.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-342": {
   "value": "(e<span class=\"_ _0\"></span>) Divide<span class=\"_ _2\"></span>nds<span class=\"_ _231\"> </span>Di<span class=\"_ _2\"></span>vide<span class=\"_ _2\"></span>nds are a<span class=\"_ _2\"></span>ccounted for i<span class=\"_ _2\"></span>n the p<span class=\"_ _2\"></span>erio<span class=\"_ _2\"></span>d in wh<span class=\"_ _2\"></span>ich they a<span class=\"_ _2\"></span>re paid<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-374": {
   "value": "(f) T<span class=\"_ _0\"></span>axation<span class=\"_ _231\"> </span>T<span class=\"_ _0\"></span>axat<span class=\"_ _2\"></span>ion on t<span class=\"_ _2\"></span>he prof<span class=\"_ _2\"></span>it or los<span class=\"_ _2\"></span>s for the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od not e<span class=\"_ _2\"></span>xempt un<span class=\"_ _2\"></span>der U<span class=\"_ _2\"></span>K-REI<span class=\"_ _2\"></span>T regul<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns comp<span class=\"_ _2\"></span>rises cu<span class=\"_ _2\"></span>rrent an<span class=\"_ _2\"></span>d defer<span class=\"_ _2\"></span>red ta<span class=\"_ _2\"></span>x. T<span class=\"_ _0\"></span>axat<span class=\"_ _2\"></span>ion is re<span class=\"_ _2\"></span>cognis<span class=\"_ _2\"></span>ed in th<span class=\"_ _2\"></span>e Statem<span class=\"_ _2\"></span>ent of Com<span class=\"_ _2\"></span>prehe<span class=\"_ _2\"></span>nsive I<span class=\"_ _2\"></span>ncome e<span class=\"_ _2\"></span>xcept to the ex<span class=\"_ _2\"></span>tent th<span class=\"_ _2\"></span>at it relates to item<span class=\"_ _2\"></span>s recogn<span class=\"_ _2\"></span>ised as d<span class=\"_ _2\"></span>irect m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts in e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y, in which<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>e it is al<span class=\"_ _2\"></span>so recogn<span class=\"_ _2\"></span>ised as a d<span class=\"_ _2\"></span>irect m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nt in eq<span class=\"_ _2\"></span>uit<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Curre<span class=\"_ _2\"></span>nt tax is t<span class=\"_ _2\"></span>he exp<span class=\"_ _2\"></span>ecte<span class=\"_ _2\"></span>d tax pay<span class=\"_ _2\"></span>able o<span class=\"_ _2\"></span>n the t<span class=\"_ _2\"></span>axab<span class=\"_ _2\"></span>le inco<span class=\"_ _2\"></span>me for th<span class=\"_ _2\"></span>e per<span class=\"_ _2\"></span>iod, u<span class=\"_ _2\"></span>sing t<span class=\"_ _2\"></span>ax rates e<span class=\"_ _2\"></span>nac<span class=\"_ _2\"></span>ted or sub<span class=\"_ _2\"></span>stan<span class=\"_ _2\"></span>tivel<span class=\"_ _2\"></span>y enac<span class=\"_ _2\"></span>ted at the b<span class=\"_ _2\"></span>ala<span class=\"_ _2\"></span>nce sh<span class=\"_ _2\"></span>ee<span class=\"_ _2\"></span>t date<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Defe<span class=\"_ _2\"></span>rred in<span class=\"_ _2\"></span>come t<span class=\"_ _2\"></span>ax is provi<span class=\"_ _2\"></span>ded u<span class=\"_ _2\"></span>sing th<span class=\"_ _2\"></span>e liab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y met<span class=\"_ _2\"></span>hod o<span class=\"_ _2\"></span>n all tem<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y dif<span class=\"_ _2\"></span>ference<span class=\"_ _2\"></span>s at the rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g date bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the t<span class=\"_ _2\"></span>ax base<span class=\"_ _2\"></span>s of asse<span class=\"_ _2\"></span>ts an<span class=\"_ _2\"></span>d liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es and t<span class=\"_ _2\"></span>heir c<span class=\"_ _2\"></span>arr<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>ing am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s for fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ting p<span class=\"_ _2\"></span>urp<span class=\"_ _2\"></span>oses<span class=\"_ _2\"></span>. Defer<span class=\"_ _2\"></span>red inco<span class=\"_ _2\"></span>me ta<span class=\"_ _2\"></span>x asset<span class=\"_ _2\"></span>s are recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d only to th<span class=\"_ _2\"></span>e exten<span class=\"_ _2\"></span>t that it<span class=\"_ _2\"></span> is pro<span class=\"_ _2\"></span>babl<span class=\"_ _2\"></span>e that ta<span class=\"_ _2\"></span>xab<span class=\"_ _2\"></span>le profit w<span class=\"_ _2\"></span>ill be a<span class=\"_ _2\"></span>vail<span class=\"_ _2\"></span>able a<span class=\"_ _2\"></span>gain<span class=\"_ _2\"></span>st whi<span class=\"_ _2\"></span>ch ded<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ble tem<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y dif<span class=\"_ _2\"></span>ference<span class=\"_ _2\"></span>s, ca<span class=\"_ _2\"></span>rrie<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span>ward t<span class=\"_ _2\"></span>ax credit<span class=\"_ _2\"></span>s or ta<span class=\"_ _2\"></span>x losse<span class=\"_ _2\"></span>s can b<span class=\"_ _2\"></span>e util<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span>. The a<span class=\"_ _2\"></span>mou<span class=\"_ _2\"></span>nt of defer<span class=\"_ _2\"></span>red ta<span class=\"_ _2\"></span>x provid<span class=\"_ _2\"></span>ed is bas<span class=\"_ _2\"></span>ed on t<span class=\"_ _2\"></span>he exp<span class=\"_ _2\"></span>ected m<span class=\"_ _2\"></span>ann<span class=\"_ _2\"></span>er of reali<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>on or set<span class=\"_ _2\"></span>tle<span class=\"_ _2\"></span>ment of t<span class=\"_ _2\"></span>he car<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>yin<span class=\"_ _2\"></span>g amou<span class=\"_ _2\"></span>nt of ass<span class=\"_ _2\"></span>ets an<span class=\"_ _2\"></span>d lia<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span>. In deter<span class=\"_ _2\"></span>mini<span class=\"_ _2\"></span>ng the e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>cted ma<span class=\"_ _2\"></span>nner o<span class=\"_ _2\"></span>f realis<span class=\"_ _2\"></span>ation of a<span class=\"_ _2\"></span>n asse<span class=\"_ _2\"></span>t the Di<span class=\"_ _2\"></span>rector<span class=\"_ _2\"></span>s consid<span class=\"_ _2\"></span>er tha<span class=\"_ _2\"></span>t the G<span class=\"_ _2\"></span>roup wil<span class=\"_ _2\"></span>l recover th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>e of inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y throu<span class=\"_ _2\"></span>gh sal<span class=\"_ _2\"></span>e. Defer<span class=\"_ _2\"></span>red inco<span class=\"_ _2\"></span>me ta<span class=\"_ _2\"></span>x relati<span class=\"_ _2\"></span>ng to items reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d direc<span class=\"_ _2\"></span>tly in e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y is recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d in equ<span class=\"_ _2\"></span>ity a<span class=\"_ _2\"></span>nd no<span class=\"_ _2\"></span>t in profit o<span class=\"_ _2\"></span>r loss<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Entry to UK<span class=\"_ _0\"></span>-REIT Regime<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p entered t<span class=\"_ _2\"></span>he UK-<span class=\"_ _2\"></span>REIT reg<span class=\"_ _2\"></span>ime wi<span class=\"_ _2\"></span>th ef<span class=\"_ _2\"></span>fect fro<span class=\"_ _2\"></span>m 1 June 201<span class=\"_ _2\"></span>3. T<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany en<span class=\"_ _2\"></span>tered the G<span class=\"_ _2\"></span>roup R<span class=\"_ _2\"></span>EIT regim<span class=\"_ _2\"></span>e with ef<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>t from 7 Au<span class=\"_ _2\"></span>gus<span class=\"_ _2\"></span>t 2019, the d<span class=\"_ _2\"></span>ate at which i<span class=\"_ _2\"></span>t becom<span class=\"_ _2\"></span>e the p<span class=\"_ _2\"></span>arent com<span class=\"_ _2\"></span>pany of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s subsid<span class=\"_ _2\"></span>iari<span class=\"_ _2\"></span>es all e<span class=\"_ _2\"></span>nter the G<span class=\"_ _2\"></span>roup REI<span class=\"_ _2\"></span>T regim<span class=\"_ _2\"></span>e on acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>on/<span class=\"_ _231\"> </span>inco<span class=\"_ _2\"></span>rpo<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n. Entr<span class=\"_ _2\"></span>y to th<span class=\"_ _2\"></span>e regim<span class=\"_ _2\"></span>e result<span class=\"_ _2\"></span>s in, s<span class=\"_ _2\"></span>ubje<span class=\"_ _2\"></span>ct to contin<span class=\"_ _2\"></span>uin<span class=\"_ _2\"></span>g releva<span class=\"_ _2\"></span>nt UK-<span class=\"_ _2\"></span>REIT criter<span class=\"_ _2\"></span>ia bei<span class=\"_ _2\"></span>ng met<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e profit<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup\u2019s p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y rent<span class=\"_ _2\"></span>al bus<span class=\"_ _2\"></span>ines<span class=\"_ _2\"></span>s, com<span class=\"_ _2\"></span>prisi<span class=\"_ _2\"></span>ng bot<span class=\"_ _2\"></span>h incom<span class=\"_ _2\"></span>e and c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al gai<span class=\"_ _2\"></span>ns, b<span class=\"_ _2\"></span>ein<span class=\"_ _2\"></span>g exempt f<span class=\"_ _2\"></span>rom UK ta<span class=\"_ _2\"></span>xatio<span class=\"_ _2\"></span>n.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p ensure<span class=\"_ _2\"></span>s that it com<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>es with t<span class=\"_ _2\"></span>he UK-<span class=\"_ _2\"></span>REIT re<span class=\"_ _2\"></span>gulat<span class=\"_ _2\"></span>ions t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h mon<span class=\"_ _2\"></span>itorin<span class=\"_ _2\"></span>g the on<span class=\"_ _2\"></span>goi<span class=\"_ _2\"></span>ng cond<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>ns requi<span class=\"_ _2\"></span>red to mai<span class=\"_ _2\"></span>ntain R<span class=\"_ _2\"></span>EIT st<span class=\"_ _2\"></span>atus.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-343": {
   "value": "(f) T<span class=\"_ _0\"></span>axation<span class=\"_ _231\"> </span>T<span class=\"_ _0\"></span>axat<span class=\"_ _2\"></span>ion on t<span class=\"_ _2\"></span>he prof<span class=\"_ _2\"></span>it or los<span class=\"_ _2\"></span>s for the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od not e<span class=\"_ _2\"></span>xempt un<span class=\"_ _2\"></span>der U<span class=\"_ _2\"></span>K-REI<span class=\"_ _2\"></span>T regul<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns comp<span class=\"_ _2\"></span>rises cu<span class=\"_ _2\"></span>rrent an<span class=\"_ _2\"></span>d defer<span class=\"_ _2\"></span>red ta<span class=\"_ _2\"></span>x. T<span class=\"_ _0\"></span>axat<span class=\"_ _2\"></span>ion is re<span class=\"_ _2\"></span>cognis<span class=\"_ _2\"></span>ed in th<span class=\"_ _2\"></span>e Statem<span class=\"_ _2\"></span>ent of Com<span class=\"_ _2\"></span>prehe<span class=\"_ _2\"></span>nsive I<span class=\"_ _2\"></span>ncome e<span class=\"_ _2\"></span>xcept to the ex<span class=\"_ _2\"></span>tent th<span class=\"_ _2\"></span>at it relates to item<span class=\"_ _2\"></span>s recogn<span class=\"_ _2\"></span>ised as d<span class=\"_ _2\"></span>irect m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts in e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y, in which<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>e it is al<span class=\"_ _2\"></span>so recogn<span class=\"_ _2\"></span>ised as a d<span class=\"_ _2\"></span>irect m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nt in eq<span class=\"_ _2\"></span>uit<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Curre<span class=\"_ _2\"></span>nt tax is t<span class=\"_ _2\"></span>he exp<span class=\"_ _2\"></span>ecte<span class=\"_ _2\"></span>d tax pay<span class=\"_ _2\"></span>able o<span class=\"_ _2\"></span>n the t<span class=\"_ _2\"></span>axab<span class=\"_ _2\"></span>le inco<span class=\"_ _2\"></span>me for th<span class=\"_ _2\"></span>e per<span class=\"_ _2\"></span>iod, u<span class=\"_ _2\"></span>sing t<span class=\"_ _2\"></span>ax rates e<span class=\"_ _2\"></span>nac<span class=\"_ _2\"></span>ted or sub<span class=\"_ _2\"></span>stan<span class=\"_ _2\"></span>tivel<span class=\"_ _2\"></span>y enac<span class=\"_ _2\"></span>ted at the b<span class=\"_ _2\"></span>ala<span class=\"_ _2\"></span>nce sh<span class=\"_ _2\"></span>ee<span class=\"_ _2\"></span>t date<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Defe<span class=\"_ _2\"></span>rred in<span class=\"_ _2\"></span>come t<span class=\"_ _2\"></span>ax is provi<span class=\"_ _2\"></span>ded u<span class=\"_ _2\"></span>sing th<span class=\"_ _2\"></span>e liab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y met<span class=\"_ _2\"></span>hod o<span class=\"_ _2\"></span>n all tem<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y dif<span class=\"_ _2\"></span>ference<span class=\"_ _2\"></span>s at the rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g date bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the t<span class=\"_ _2\"></span>ax base<span class=\"_ _2\"></span>s of asse<span class=\"_ _2\"></span>ts an<span class=\"_ _2\"></span>d liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es and t<span class=\"_ _2\"></span>heir c<span class=\"_ _2\"></span>arr<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>ing am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s for fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ting p<span class=\"_ _2\"></span>urp<span class=\"_ _2\"></span>oses<span class=\"_ _2\"></span>. Defer<span class=\"_ _2\"></span>red inco<span class=\"_ _2\"></span>me ta<span class=\"_ _2\"></span>x asset<span class=\"_ _2\"></span>s are recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d only to th<span class=\"_ _2\"></span>e exten<span class=\"_ _2\"></span>t that it<span class=\"_ _2\"></span> is pro<span class=\"_ _2\"></span>babl<span class=\"_ _2\"></span>e that ta<span class=\"_ _2\"></span>xab<span class=\"_ _2\"></span>le profit w<span class=\"_ _2\"></span>ill be a<span class=\"_ _2\"></span>vail<span class=\"_ _2\"></span>able a<span class=\"_ _2\"></span>gain<span class=\"_ _2\"></span>st whi<span class=\"_ _2\"></span>ch ded<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ble tem<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y dif<span class=\"_ _2\"></span>ference<span class=\"_ _2\"></span>s, ca<span class=\"_ _2\"></span>rrie<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span>ward t<span class=\"_ _2\"></span>ax credit<span class=\"_ _2\"></span>s or ta<span class=\"_ _2\"></span>x losse<span class=\"_ _2\"></span>s can b<span class=\"_ _2\"></span>e util<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span>. The a<span class=\"_ _2\"></span>mou<span class=\"_ _2\"></span>nt of defer<span class=\"_ _2\"></span>red ta<span class=\"_ _2\"></span>x provid<span class=\"_ _2\"></span>ed is bas<span class=\"_ _2\"></span>ed on t<span class=\"_ _2\"></span>he exp<span class=\"_ _2\"></span>ected m<span class=\"_ _2\"></span>ann<span class=\"_ _2\"></span>er of reali<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>on or set<span class=\"_ _2\"></span>tle<span class=\"_ _2\"></span>ment of t<span class=\"_ _2\"></span>he car<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>yin<span class=\"_ _2\"></span>g amou<span class=\"_ _2\"></span>nt of ass<span class=\"_ _2\"></span>ets an<span class=\"_ _2\"></span>d lia<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span>. In deter<span class=\"_ _2\"></span>mini<span class=\"_ _2\"></span>ng the e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>cted ma<span class=\"_ _2\"></span>nner o<span class=\"_ _2\"></span>f realis<span class=\"_ _2\"></span>ation of a<span class=\"_ _2\"></span>n asse<span class=\"_ _2\"></span>t the Di<span class=\"_ _2\"></span>rector<span class=\"_ _2\"></span>s consid<span class=\"_ _2\"></span>er tha<span class=\"_ _2\"></span>t the G<span class=\"_ _2\"></span>roup wil<span class=\"_ _2\"></span>l recover th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>e of inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y throu<span class=\"_ _2\"></span>gh sal<span class=\"_ _2\"></span>e. Defer<span class=\"_ _2\"></span>red inco<span class=\"_ _2\"></span>me ta<span class=\"_ _2\"></span>x relati<span class=\"_ _2\"></span>ng to items reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d direc<span class=\"_ _2\"></span>tly in e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y is recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d in equ<span class=\"_ _2\"></span>ity a<span class=\"_ _2\"></span>nd no<span class=\"_ _2\"></span>t in profit o<span class=\"_ _2\"></span>r loss<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Entry to UK<span class=\"_ _0\"></span>-REIT Regime<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p entered t<span class=\"_ _2\"></span>he UK-<span class=\"_ _2\"></span>REIT reg<span class=\"_ _2\"></span>ime wi<span class=\"_ _2\"></span>th ef<span class=\"_ _2\"></span>fect fro<span class=\"_ _2\"></span>m 1 June 201<span class=\"_ _2\"></span>3. T<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany en<span class=\"_ _2\"></span>tered the G<span class=\"_ _2\"></span>roup R<span class=\"_ _2\"></span>EIT regim<span class=\"_ _2\"></span>e with ef<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>t from 7 Au<span class=\"_ _2\"></span>gus<span class=\"_ _2\"></span>t 2019, the d<span class=\"_ _2\"></span>ate at which i<span class=\"_ _2\"></span>t becom<span class=\"_ _2\"></span>e the p<span class=\"_ _2\"></span>arent com<span class=\"_ _2\"></span>pany of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s subsid<span class=\"_ _2\"></span>iari<span class=\"_ _2\"></span>es all e<span class=\"_ _2\"></span>nter the G<span class=\"_ _2\"></span>roup REI<span class=\"_ _2\"></span>T regim<span class=\"_ _2\"></span>e on acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>on/<span class=\"_ _231\"> </span>inco<span class=\"_ _2\"></span>rpo<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n. Entr<span class=\"_ _2\"></span>y to th<span class=\"_ _2\"></span>e regim<span class=\"_ _2\"></span>e result<span class=\"_ _2\"></span>s in, s<span class=\"_ _2\"></span>ubje<span class=\"_ _2\"></span>ct to contin<span class=\"_ _2\"></span>uin<span class=\"_ _2\"></span>g releva<span class=\"_ _2\"></span>nt UK-<span class=\"_ _2\"></span>REIT criter<span class=\"_ _2\"></span>ia bei<span class=\"_ _2\"></span>ng met<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e profit<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup\u2019s p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y rent<span class=\"_ _2\"></span>al bus<span class=\"_ _2\"></span>ines<span class=\"_ _2\"></span>s, com<span class=\"_ _2\"></span>prisi<span class=\"_ _2\"></span>ng bot<span class=\"_ _2\"></span>h incom<span class=\"_ _2\"></span>e and c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al gai<span class=\"_ _2\"></span>ns, b<span class=\"_ _2\"></span>ein<span class=\"_ _2\"></span>g exempt f<span class=\"_ _2\"></span>rom UK ta<span class=\"_ _2\"></span>xatio<span class=\"_ _2\"></span>n.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p ensure<span class=\"_ _2\"></span>s that it com<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>es with t<span class=\"_ _2\"></span>he UK-<span class=\"_ _2\"></span>REIT re<span class=\"_ _2\"></span>gulat<span class=\"_ _2\"></span>ions t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h mon<span class=\"_ _2\"></span>itorin<span class=\"_ _2\"></span>g the on<span class=\"_ _2\"></span>goi<span class=\"_ _2\"></span>ng cond<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>ns requi<span class=\"_ _2\"></span>red to mai<span class=\"_ _2\"></span>ntain R<span class=\"_ _2\"></span>EIT st<span class=\"_ _2\"></span>atus.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-375": {
   "value": "(g<span class=\"_ _0\"></span>) Property acquisitions<span class=\"_ _231\"> </span>Whe<span class=\"_ _2\"></span>re prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty is a<span class=\"_ _2\"></span>cquire<span class=\"_ _2\"></span>d, via cor<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ate acquis<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>ns or oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>wise, m<span class=\"_ _2\"></span>ana<span class=\"_ _2\"></span>gem<span class=\"_ _2\"></span>ent consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>s the su<span class=\"_ _2\"></span>bsta<span class=\"_ _2\"></span>nce of th<span class=\"_ _2\"></span>e asset<span class=\"_ _2\"></span>s and a<span class=\"_ _2\"></span>cti<span class=\"_ _2\"></span>vitie<span class=\"_ _2\"></span>s of the<span class=\"_ _2\"></span> acqu<span class=\"_ _2\"></span>ired ent<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y in determ<span class=\"_ _2\"></span>inin<span class=\"_ _2\"></span>g whe<span class=\"_ _2\"></span>ther t<span class=\"_ _2\"></span>he acqu<span class=\"_ _2\"></span>isiti<span class=\"_ _2\"></span>on repre<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span>s the acq<span class=\"_ _2\"></span>uisit<span class=\"_ _2\"></span>ion of a b<span class=\"_ _2\"></span>usine<span class=\"_ _2\"></span>ss or t<span class=\"_ _2\"></span>he acqu<span class=\"_ _2\"></span>isitio<span class=\"_ _2\"></span>n of an as<span class=\"_ _2\"></span>set.<span class=\"_ _231\"> </span>Whe<span class=\"_ _2\"></span>re such acq<span class=\"_ _2\"></span>uisit<span class=\"_ _2\"></span>ions a<span class=\"_ _2\"></span>re not jud<span class=\"_ _2\"></span>ged to b<span class=\"_ _2\"></span>e an acqu<span class=\"_ _2\"></span>isitio<span class=\"_ _2\"></span>n of a bus<span class=\"_ _2\"></span>ines<span class=\"_ _2\"></span>s, th<span class=\"_ _2\"></span>ey are not t<span class=\"_ _2\"></span>reated as bu<span class=\"_ _2\"></span>sine<span class=\"_ _2\"></span>ss comb<span class=\"_ _2\"></span>inati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>. Rathe<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>, th<span class=\"_ _2\"></span>e cost to acqu<span class=\"_ _2\"></span>ire the co<span class=\"_ _2\"></span>rpor<span class=\"_ _2\"></span>ate entit<span class=\"_ _2\"></span>y is al<span class=\"_ _2\"></span>loca<span class=\"_ _2\"></span>ted bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the id<span class=\"_ _2\"></span>entif<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>le asset<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es of th<span class=\"_ _2\"></span>e entit<span class=\"_ _2\"></span>y bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>eir rel<span class=\"_ _2\"></span>ative f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lues at t<span class=\"_ _2\"></span>he acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>on dat<span class=\"_ _0\"></span>e. Ac<span class=\"_ _1\"></span>cor<span class=\"_ _0\"></span>dingly<span class=\"_ _0\"></span>, no goodwil<span class=\"_ _0\"></span>l or addition<span class=\"_ _1\"></span>al def<span class=\"_ _0\"></span>erred tax<span class=\"_ _0\"></span>ation aris<span class=\"_ _0\"></span>es<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Other<span class=\"_ _2\"></span>wise,<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>tions ar<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ounted<span class=\"_ _1\"></span> for<span class=\"_ _0\"></span> as business<span class=\"_ _0\"></span> combination<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-344": {
   "value": "(g<span class=\"_ _0\"></span>) Property acquisitions<span class=\"_ _231\"> </span>Whe<span class=\"_ _2\"></span>re prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty is a<span class=\"_ _2\"></span>cquire<span class=\"_ _2\"></span>d, via cor<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ate acquis<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>ns or oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>wise, m<span class=\"_ _2\"></span>ana<span class=\"_ _2\"></span>gem<span class=\"_ _2\"></span>ent consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>s the su<span class=\"_ _2\"></span>bsta<span class=\"_ _2\"></span>nce of th<span class=\"_ _2\"></span>e asset<span class=\"_ _2\"></span>s and a<span class=\"_ _2\"></span>cti<span class=\"_ _2\"></span>vitie<span class=\"_ _2\"></span>s of the<span class=\"_ _2\"></span> acqu<span class=\"_ _2\"></span>ired ent<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y in determ<span class=\"_ _2\"></span>inin<span class=\"_ _2\"></span>g whe<span class=\"_ _2\"></span>ther t<span class=\"_ _2\"></span>he acqu<span class=\"_ _2\"></span>isiti<span class=\"_ _2\"></span>on repre<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span>s the acq<span class=\"_ _2\"></span>uisit<span class=\"_ _2\"></span>ion of a b<span class=\"_ _2\"></span>usine<span class=\"_ _2\"></span>ss or t<span class=\"_ _2\"></span>he acqu<span class=\"_ _2\"></span>isitio<span class=\"_ _2\"></span>n of an as<span class=\"_ _2\"></span>set.<span class=\"_ _231\"> </span>Whe<span class=\"_ _2\"></span>re such acq<span class=\"_ _2\"></span>uisit<span class=\"_ _2\"></span>ions a<span class=\"_ _2\"></span>re not jud<span class=\"_ _2\"></span>ged to b<span class=\"_ _2\"></span>e an acqu<span class=\"_ _2\"></span>isitio<span class=\"_ _2\"></span>n of a bus<span class=\"_ _2\"></span>ines<span class=\"_ _2\"></span>s, th<span class=\"_ _2\"></span>ey are not t<span class=\"_ _2\"></span>reated as bu<span class=\"_ _2\"></span>sine<span class=\"_ _2\"></span>ss comb<span class=\"_ _2\"></span>inati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>. Rathe<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>, th<span class=\"_ _2\"></span>e cost to acqu<span class=\"_ _2\"></span>ire the co<span class=\"_ _2\"></span>rpor<span class=\"_ _2\"></span>ate entit<span class=\"_ _2\"></span>y is al<span class=\"_ _2\"></span>loca<span class=\"_ _2\"></span>ted bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the id<span class=\"_ _2\"></span>entif<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>le asset<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es of th<span class=\"_ _2\"></span>e entit<span class=\"_ _2\"></span>y bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>eir rel<span class=\"_ _2\"></span>ative f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lues at t<span class=\"_ _2\"></span>he acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>on dat<span class=\"_ _0\"></span>e. Ac<span class=\"_ _1\"></span>cor<span class=\"_ _0\"></span>dingly<span class=\"_ _0\"></span>, no goodwil<span class=\"_ _0\"></span>l or addition<span class=\"_ _1\"></span>al def<span class=\"_ _0\"></span>erred tax<span class=\"_ _0\"></span>ation aris<span class=\"_ _0\"></span>es<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Other<span class=\"_ _2\"></span>wise,<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>tions ar<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ounted<span class=\"_ _1\"></span> for<span class=\"_ _0\"></span> as business<span class=\"_ _0\"></span> combination<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-345": {
   "value": "(h<span class=\"_ _0\"></span>) Inv<span class=\"_ _0\"></span>estment pro<span class=\"_ _1\"></span>perties<span class=\"_ _231\"> </span>Inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties co<span class=\"_ _2\"></span>nsist of l<span class=\"_ _2\"></span>and a<span class=\"_ _2\"></span>nd bu<span class=\"_ _2\"></span>ildin<span class=\"_ _2\"></span>gs (pr<span class=\"_ _2\"></span>incip<span class=\"_ _2\"></span>ally c<span class=\"_ _2\"></span>are hom<span class=\"_ _2\"></span>es) whi<span class=\"_ _2\"></span>ch are not o<span class=\"_ _2\"></span>ccupie<span class=\"_ _2\"></span>d for use by, or in th<span class=\"_ _2\"></span>e ope<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>ns of, the G<span class=\"_ _2\"></span>roup, no<span class=\"_ _2\"></span>r for sal<span class=\"_ _2\"></span>e in the o<span class=\"_ _2\"></span>rdina<span class=\"_ _2\"></span>ry co<span class=\"_ _2\"></span>urse of b<span class=\"_ _2\"></span>usin<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span>, but are h<span class=\"_ _2\"></span>eld to ear<span class=\"_ _2\"></span>n renta<span class=\"_ _2\"></span>l incom<span class=\"_ _2\"></span>e togeth<span class=\"_ _2\"></span>er wit<span class=\"_ _2\"></span>h the p<span class=\"_ _2\"></span>otentia<span class=\"_ _2\"></span>l for cap<span class=\"_ _2\"></span>ital a<span class=\"_ _2\"></span>nd in<span class=\"_ _2\"></span>come grow<span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties a<span class=\"_ _2\"></span>re initi<span class=\"_ _2\"></span>ally reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d at cost<span class=\"_ _2\"></span>, bein<span class=\"_ _2\"></span>g the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n give<span class=\"_ _2\"></span>n, incl<span class=\"_ _2\"></span>udin<span class=\"_ _2\"></span>g tran<span class=\"_ _2\"></span>sac<span class=\"_ _2\"></span>tion cos<span class=\"_ _2\"></span>ts as<span class=\"_ _2\"></span>socia<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed w<span class=\"_ _2\"></span>ith the i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y. Any subs<span class=\"_ _2\"></span>eque<span class=\"_ _2\"></span>nt cap<span class=\"_ _2\"></span>ital e<span class=\"_ _2\"></span>xpen<span class=\"_ _2\"></span>ditu<span class=\"_ _2\"></span>re incurre<span class=\"_ _2\"></span>d in imp<span class=\"_ _2\"></span>rovin<span class=\"_ _2\"></span>g invest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es is ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>lise<span class=\"_ _2\"></span>d in the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od incu<span class=\"_ _2\"></span>rred an<span class=\"_ _2\"></span>d inclu<span class=\"_ _2\"></span>ded w<span class=\"_ _2\"></span>ithin t<span class=\"_ _2\"></span>he bo<span class=\"_ _2\"></span>ok cost of t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty.<span class=\"_ _231\"> </span>For pr<span class=\"_ _0\"></span>oper<span class=\"_ _2\"></span>ties s<span class=\"_ _1\"></span>ubject t<span class=\"_ _0\"></span>o contingent<span class=\"_ _0\"></span> per<span class=\"_ _2\"></span>formanc<span class=\"_ _0\"></span>e payment<span class=\"_ _1\"></span> clauses<span class=\"_ _0\"></span> within their pur<span class=\"_ _0\"></span>chase agr<span class=\"_ _0\"></span>eement<span class=\"_ _2\"></span>s, whic<span class=\"_ _0\"></span>h will r<span class=\"_ _0\"></span>esult in a<span class=\"_ _0\"></span> fur<span class=\"_ _2\"></span>ther pa<span class=\"_ _0\"></span>ym<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span> if c<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>tain performanc<span class=\"_ _0\"></span>e measures<span class=\"_ _0\"></span> are met, thi<span class=\"_ _0\"></span>s per<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>ormance payment<span class=\"_ _0\"></span> is rec<span class=\"_ _0\"></span>ognised as a<span class=\"_ _0\"></span> liability when the c<span class=\"_ _0\"></span>ontracted performance<span class=\"_ _0\"></span> conditions have b<span class=\"_ _2\"></span>een m<span class=\"_ _2\"></span>et and a re<span class=\"_ _2\"></span>liab<span class=\"_ _2\"></span>le est<span class=\"_ _2\"></span>imate can b<span class=\"_ _2\"></span>e ma<span class=\"_ _2\"></span>de of the a<span class=\"_ _2\"></span>mou<span class=\"_ _2\"></span>nt. Any p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ance pay<span class=\"_ _2\"></span>ment m<span class=\"_ _2\"></span>ade w<span class=\"_ _2\"></span>ill resu<span class=\"_ _2\"></span>lt in an in<span class=\"_ _2\"></span>crease in re<span class=\"_ _2\"></span>ntal inco<span class=\"_ _2\"></span>me recei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>e from th<span class=\"_ _2\"></span>e tenant<span class=\"_ _2\"></span>, to maint<span class=\"_ _2\"></span>ain t<span class=\"_ _2\"></span>he inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt yie<span class=\"_ _2\"></span>ld from th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty, and t<span class=\"_ _2\"></span>herefore a<span class=\"_ _2\"></span>n asset of a<span class=\"_ _2\"></span>pproxi<span class=\"_ _2\"></span>mately e<span class=\"_ _2\"></span>qual v<span class=\"_ _2\"></span>alue is<span class=\"_ _2\"></span> recog<span class=\"_ _2\"></span>nised to ref<span class=\"_ _2\"></span>lect t<span class=\"_ _2\"></span>he fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e of this i<span class=\"_ _2\"></span>ncrease i<span class=\"_ _2\"></span>n renta<span class=\"_ _2\"></span>l incom<span class=\"_ _2\"></span>e.<span class=\"_ _231\"> </span>Deve<span class=\"_ _2\"></span>lop<span class=\"_ _2\"></span>ment i<span class=\"_ _2\"></span>nterest (wh<span class=\"_ _2\"></span>ere in<span class=\"_ _2\"></span>come is rece<span class=\"_ _2\"></span>ivab<span class=\"_ _2\"></span>le from a d<span class=\"_ _2\"></span>evelop<span class=\"_ _2\"></span>er in re<span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>t of a for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span>-f<span class=\"_ _2\"></span>undi<span class=\"_ _2\"></span>ng ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt) is d<span class=\"_ _2\"></span>edu<span class=\"_ _2\"></span>cted from t<span class=\"_ _2\"></span>he cost of<span class=\"_ _2\"></span> inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt and s<span class=\"_ _2\"></span>hown as a re<span class=\"_ _2\"></span>ceiva<span class=\"_ _2\"></span>ble unt<span class=\"_ _2\"></span>il set<span class=\"_ _2\"></span>tled<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Af<span class=\"_ _2\"></span>ter ini<span class=\"_ _2\"></span>tial reco<span class=\"_ _2\"></span>gniti<span class=\"_ _2\"></span>on, i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>es are me<span class=\"_ _2\"></span>asured at f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue, w<span class=\"_ _2\"></span>ith gai<span class=\"_ _2\"></span>ns and l<span class=\"_ _2\"></span>osses re<span class=\"_ _2\"></span>cognis<span class=\"_ _2\"></span>ed in th<span class=\"_ _2\"></span>e Statem<span class=\"_ _2\"></span>ent of Com<span class=\"_ _2\"></span>preh<span class=\"_ _2\"></span>ensive<span class=\"_ _2\"></span> Inco<span class=\"_ _2\"></span>me. Fair val<span class=\"_ _2\"></span>ue is bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>e op<span class=\"_ _2\"></span>en mar<span class=\"_ _2\"></span>ket valu<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>, as provi<span class=\"_ _2\"></span>ded by CB<span class=\"_ _2\"></span>RE Lim<span class=\"_ _2\"></span>ited, in th<span class=\"_ _2\"></span>eir c<span class=\"_ _2\"></span>apaci<span class=\"_ _2\"></span>ty as e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>al va<span class=\"_ _2\"></span>luer<span class=\"_ _2\"></span>s, at th<span class=\"_ _2\"></span>e bala<span class=\"_ _2\"></span>nce sheet da<span class=\"_ _0\"></span>te using<span class=\"_ _0\"></span> recognised<span class=\"_ _0\"></span> valuation t<span class=\"_ _0\"></span>echniques, appropriat<span class=\"_ _0\"></span>ely adjust<span class=\"_ _0\"></span>ed for unamortised l<span class=\"_ _1\"></span>ease<span class=\"_ _1\"></span> incent<span class=\"_ _0\"></span>ives and r<span class=\"_ _1\"></span>ental adjustments.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e determ<span class=\"_ _2\"></span>inat<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of inves<span class=\"_ _2\"></span>tment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies req<span class=\"_ _2\"></span>uires th<span class=\"_ _2\"></span>e use of es<span class=\"_ _2\"></span>tim<span class=\"_ _2\"></span>ates such as f<span class=\"_ _2\"></span>uture ca<span class=\"_ _2\"></span>sh flow<span class=\"_ _2\"></span>s from as<span class=\"_ _2\"></span>sets (s<span class=\"_ _2\"></span>uch as let<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>gs, tenan<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span>\u2019 profiles, fu<span class=\"_ _0\"></span>ture r<span class=\"_ _0\"></span>evenue stream<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span> capital values<span class=\"_ _0\"></span> of fixtures<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> f<span class=\"_ _2\"></span>ittings,<span class=\"_ _0\"></span> p<span class=\"_ _2\"></span>lant<span class=\"_ _0\"></span> and machinery,<span class=\"_ _0\"></span> any envir<span class=\"_ _0\"></span>onm<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>tal matters<span class=\"_ _0\"></span> and the ov<span class=\"_ _0\"></span>era<span class=\"_ _2\"></span>ll<span class=\"_ _0\"></span> repa<span class=\"_ _2\"></span>ir and co<span class=\"_ _2\"></span>ndit<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty) a<span class=\"_ _2\"></span>nd dis<span class=\"_ _2\"></span>count rates a<span class=\"_ _2\"></span>ppl<span class=\"_ _2\"></span>icab<span class=\"_ _2\"></span>le to thos<span class=\"_ _2\"></span>e asset<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e esti<span class=\"_ _2\"></span>mates are b<span class=\"_ _2\"></span>ased o<span class=\"_ _2\"></span>n loca<span class=\"_ _2\"></span>l market co<span class=\"_ _2\"></span>ndit<span class=\"_ _2\"></span>ions exis<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g at the ba<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>ce sheet d<span class=\"_ _2\"></span>ate.<span class=\"_ _231\"> </span>On d<span class=\"_ _2\"></span>erecog<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n, ga<span class=\"_ _2\"></span>ins an<span class=\"_ _2\"></span>d losse<span class=\"_ _2\"></span>s on disp<span class=\"_ _2\"></span>osa<span class=\"_ _2\"></span>ls of inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s are recogn<span class=\"_ _2\"></span>ised i<span class=\"_ _2\"></span>n the Sta<span class=\"_ _2\"></span>tement of Co<span class=\"_ _2\"></span>mpre<span class=\"_ _2\"></span>hens<span class=\"_ _2\"></span>ive Inco<span class=\"_ _2\"></span>me an<span class=\"_ _2\"></span>d tra<span class=\"_ _2\"></span>nsfer<span class=\"_ _2\"></span>red to the C<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al Rese<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ve. Recog<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n and d<span class=\"_ _2\"></span>erecog<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n occur<span class=\"_ _2\"></span>s on the co<span class=\"_ _2\"></span>mplet<span class=\"_ _2\"></span>ion of a s<span class=\"_ _2\"></span>ale be<span class=\"_ _2\"></span>twe<span class=\"_ _2\"></span>en a wil<span class=\"_ _2\"></span>ling b<span class=\"_ _2\"></span>uyer a<span class=\"_ _2\"></span>nd a wi<span class=\"_ _2\"></span>lling s<span class=\"_ _2\"></span>elle<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-346": {
   "value": "(i) Cash and c<span class=\"_ _2\"></span>ash equivale<span class=\"_ _2\"></span>nts<span class=\"_ _231\"> </span>Cas<span class=\"_ _2\"></span>h and c<span class=\"_ _2\"></span>ash eq<span class=\"_ _2\"></span>uiva<span class=\"_ _2\"></span>lent<span class=\"_ _2\"></span>s consis<span class=\"_ _2\"></span>t of cash i<span class=\"_ _2\"></span>n hand a<span class=\"_ _2\"></span>nd sh<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>t-term de<span class=\"_ _2\"></span>posi<span class=\"_ _2\"></span>ts in ba<span class=\"_ _2\"></span>nks w<span class=\"_ _2\"></span>ith an o<span class=\"_ _2\"></span>rigi<span class=\"_ _2\"></span>nal mat<span class=\"_ _2\"></span>urit<span class=\"_ _2\"></span>y of th<span class=\"_ _2\"></span>ree mon<span class=\"_ _2\"></span>ths or le<span class=\"_ _2\"></span>ss.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-347": {
   "value": "(<span class=\"_ _2\"></span>j) R<span class=\"_ _0\"></span>ent and ot<span class=\"_ _0\"></span>her receivabl<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span>Rent re<span class=\"_ _2\"></span>ceivab<span class=\"_ _2\"></span>les a<span class=\"_ _2\"></span>re carr<span class=\"_ _2\"></span>ied at am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d cost. A p<span class=\"_ _2\"></span>rovisio<span class=\"_ _2\"></span>n for imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent of tr<span class=\"_ _2\"></span>ade re<span class=\"_ _2\"></span>ceivab<span class=\"_ _2\"></span>les is c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ated throu<span class=\"_ _2\"></span>gh th<span class=\"_ _2\"></span>e expe<span class=\"_ _2\"></span>cted cred<span class=\"_ _2\"></span>it loss met<span class=\"_ _2\"></span>hod i<span class=\"_ _2\"></span>n accordan<span class=\"_ _2\"></span>ce with IFRS 9 a<span class=\"_ _2\"></span>s expl<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>ed in \u2018othe<span class=\"_ _2\"></span>r est<span class=\"_ _2\"></span>imates\u2019 on p<span class=\"_ _2\"></span>age 70. A<span class=\"_ _2\"></span>s par<span class=\"_ _2\"></span>t of th<span class=\"_ _2\"></span>is exp<span class=\"_ _2\"></span>ected cre<span class=\"_ _2\"></span>dit loss p<span class=\"_ _2\"></span>rocess t<span class=\"_ _2\"></span>he foll<span class=\"_ _2\"></span>owing i<span class=\"_ _2\"></span>s taken i<span class=\"_ _0\"></span>nto ac<span class=\"_ _0\"></span>count:<span class=\"_ _0\"></span> significant financial<span class=\"_ _0\"></span> dif<span class=\"_ _2\"></span>fic<span class=\"_ _0\"></span>ulties of t<span class=\"_ _1\"></span>he debt<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>, probability that<span class=\"_ _0\"></span> the debtor<span class=\"_ _0\"></span> will enter<span class=\"_ _0\"></span> bankruptcy or<span class=\"_ _0\"></span> financial reor<span class=\"_ _0\"></span>ganisation, an<span class=\"_ _2\"></span>d defa<span class=\"_ _2\"></span>ult or de<span class=\"_ _2\"></span>lin<span class=\"_ _2\"></span>quen<span class=\"_ _2\"></span>cy in p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts (m<span class=\"_ _2\"></span>ore than 3<span class=\"_ _2\"></span>0 days ove<span class=\"_ _2\"></span>rdue). The c<span class=\"_ _2\"></span>arr<span class=\"_ _2\"></span>yi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount of th<span class=\"_ _2\"></span>e ass<span class=\"_ _2\"></span>et is redu<span class=\"_ _2\"></span>ced throu<span class=\"_ _2\"></span>gh use of a<span class=\"_ _2\"></span>n all<span class=\"_ _2\"></span>owance a<span class=\"_ _2\"></span>ccount an<span class=\"_ _2\"></span>d the am<span class=\"_ _2\"></span>ount o<span class=\"_ _2\"></span>f loss is reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d in th<span class=\"_ _2\"></span>e Stateme<span class=\"_ _2\"></span>nt of Comp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsive In<span class=\"_ _2\"></span>come, s<span class=\"_ _2\"></span>epar<span class=\"_ _2\"></span>ately dis<span class=\"_ _2\"></span>closed a<span class=\"_ _2\"></span>s an imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> Ba<span class=\"_ _2\"></span>d debt<span class=\"_ _2\"></span>s are wr<span class=\"_ _2\"></span>itten of<span class=\"_ _2\"></span>f on<span class=\"_ _2\"></span>ce all aven<span class=\"_ _2\"></span>ues to recover t<span class=\"_ _2\"></span>he de<span class=\"_ _2\"></span>bt have be<span class=\"_ _2\"></span>en exh<span class=\"_ _2\"></span>auste<span class=\"_ _2\"></span>d and th<span class=\"_ _2\"></span>e lease h<span class=\"_ _2\"></span>as end<span class=\"_ _2\"></span>ed, o<span class=\"_ _2\"></span>r a forma<span class=\"_ _2\"></span>l set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt has b<span class=\"_ _2\"></span>een rea<span class=\"_ _2\"></span>ched.<span class=\"_ _231\"> </span>Oth<span class=\"_ _2\"></span>er in<span class=\"_ _2\"></span>centive<span class=\"_ _2\"></span>s provid<span class=\"_ _2\"></span>ed to tena<span class=\"_ _2\"></span>nts an<span class=\"_ _2\"></span>d fixe<span class=\"_ _2\"></span>d or gua<span class=\"_ _2\"></span>rante<span class=\"_ _2\"></span>ed renta<span class=\"_ _2\"></span>l upl<span class=\"_ _2\"></span>ift<span class=\"_ _2\"></span>s are reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d as an as<span class=\"_ _2\"></span>set and a<span class=\"_ _2\"></span>mor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>ed over t<span class=\"_ _2\"></span>he pe<span class=\"_ _2\"></span>riod f<span class=\"_ _2\"></span>rom the<span class=\"_ _2\"></span> date of lea<span class=\"_ _2\"></span>se comm<span class=\"_ _2\"></span>encem<span class=\"_ _2\"></span>ent to th<span class=\"_ _2\"></span>e earli<span class=\"_ _2\"></span>est ter<span class=\"_ _2\"></span>mina<span class=\"_ _2\"></span>tion d<span class=\"_ _2\"></span>ate.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-401": {
   "value": "(k) Interest<span class=\"_ _0\"></span>-be<span class=\"_ _2\"></span>aring loans and bo<span class=\"_ _2\"></span>rro<span class=\"_ _1\"></span>wings<span class=\"_ _231\"> </span>All l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs are ini<span class=\"_ _2\"></span>tiall<span class=\"_ _2\"></span>y recogni<span class=\"_ _2\"></span>sed at fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue an<span class=\"_ _2\"></span>d net of di<span class=\"_ _2\"></span>rectly at<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span>buta<span class=\"_ _2\"></span>ble tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on cost<span class=\"_ _2\"></span>s. Af<span class=\"_ _2\"></span>ter in<span class=\"_ _2\"></span>itial re<span class=\"_ _2\"></span>cogni<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>, all interes<span class=\"_ _2\"></span>t bea<span class=\"_ _2\"></span>ring l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs are sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>ently m<span class=\"_ _2\"></span>easure<span class=\"_ _2\"></span>d at amo<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ised cos<span class=\"_ _2\"></span>t using t<span class=\"_ _2\"></span>he ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive interes<span class=\"_ _2\"></span>t meth<span class=\"_ _2\"></span>od. A<span class=\"_ _2\"></span>mor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>ed cost is<span class=\"_ _2\"></span> calcula<span class=\"_ _1\"></span>ted<span class=\"_ _0\"></span> by taking int<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ount any<span class=\"_ _0\"></span> loan arrangement c<span class=\"_ _0\"></span>ost<span class=\"_ _2\"></span>s<span class=\"_ _1\"></span> and any<span class=\"_ _0\"></span> discount<span class=\"_ _0\"></span> or premium on<span class=\"_ _0\"></span> settlement.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-376": {
   "value": "(k) Interest<span class=\"_ _0\"></span>-be<span class=\"_ _2\"></span>aring loans and bo<span class=\"_ _2\"></span>rro<span class=\"_ _1\"></span>wings<span class=\"_ _231\"> </span>All l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs are ini<span class=\"_ _2\"></span>tiall<span class=\"_ _2\"></span>y recogni<span class=\"_ _2\"></span>sed at fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue an<span class=\"_ _2\"></span>d net of di<span class=\"_ _2\"></span>rectly at<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span>buta<span class=\"_ _2\"></span>ble tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on cost<span class=\"_ _2\"></span>s. Af<span class=\"_ _2\"></span>ter in<span class=\"_ _2\"></span>itial re<span class=\"_ _2\"></span>cogni<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>, all interes<span class=\"_ _2\"></span>t bea<span class=\"_ _2\"></span>ring l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs are sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>ently m<span class=\"_ _2\"></span>easure<span class=\"_ _2\"></span>d at amo<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ised cos<span class=\"_ _2\"></span>t using t<span class=\"_ _2\"></span>he ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive interes<span class=\"_ _2\"></span>t meth<span class=\"_ _2\"></span>od. A<span class=\"_ _2\"></span>mor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>ed cost is<span class=\"_ _2\"></span> calcula<span class=\"_ _1\"></span>ted<span class=\"_ _0\"></span> by taking int<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ount any<span class=\"_ _0\"></span> loan arrangement c<span class=\"_ _0\"></span>ost<span class=\"_ _2\"></span>s<span class=\"_ _1\"></span> and any<span class=\"_ _0\"></span> discount<span class=\"_ _0\"></span> or premium on<span class=\"_ _0\"></span> settlement.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-348": {
   "value": "(k) Interest<span class=\"_ _0\"></span>-be<span class=\"_ _2\"></span>aring loans and bo<span class=\"_ _2\"></span>rro<span class=\"_ _1\"></span>wings<span class=\"_ _231\"> </span>All l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs are ini<span class=\"_ _2\"></span>tiall<span class=\"_ _2\"></span>y recogni<span class=\"_ _2\"></span>sed at fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue an<span class=\"_ _2\"></span>d net of di<span class=\"_ _2\"></span>rectly at<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span>buta<span class=\"_ _2\"></span>ble tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on cost<span class=\"_ _2\"></span>s. Af<span class=\"_ _2\"></span>ter in<span class=\"_ _2\"></span>itial re<span class=\"_ _2\"></span>cogni<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>, all interes<span class=\"_ _2\"></span>t bea<span class=\"_ _2\"></span>ring l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs are sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>ently m<span class=\"_ _2\"></span>easure<span class=\"_ _2\"></span>d at amo<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ised cos<span class=\"_ _2\"></span>t using t<span class=\"_ _2\"></span>he ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive interes<span class=\"_ _2\"></span>t meth<span class=\"_ _2\"></span>od. A<span class=\"_ _2\"></span>mor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>ed cost is<span class=\"_ _2\"></span> calcula<span class=\"_ _1\"></span>ted<span class=\"_ _0\"></span> by taking int<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ount any<span class=\"_ _0\"></span> loan arrangement c<span class=\"_ _0\"></span>ost<span class=\"_ _2\"></span>s<span class=\"_ _1\"></span> and any<span class=\"_ _0\"></span> discount<span class=\"_ _0\"></span> or premium on<span class=\"_ _0\"></span> settlement.<span class=\"_ _231\"> </span>(l) Derivative finan<span class=\"_ _2\"></span>cial instruments<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p uses d<span class=\"_ _2\"></span>eriv<span class=\"_ _2\"></span>ative f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s to hed<span class=\"_ _2\"></span>ge it<span class=\"_ _2\"></span>s risk as<span class=\"_ _2\"></span>sociate<span class=\"_ _2\"></span>d with inte<span class=\"_ _2\"></span>rest rate f<span class=\"_ _2\"></span>luct<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>ns. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s po<span class=\"_ _2\"></span>licy i<span class=\"_ _2\"></span>s not to tra<span class=\"_ _2\"></span>de in derivative instruments.<span class=\"_ _231\"> </span>De<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ive ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are init<span class=\"_ _2\"></span>ially re<span class=\"_ _2\"></span>cogni<span class=\"_ _2\"></span>sed in th<span class=\"_ _2\"></span>e Statem<span class=\"_ _2\"></span>ent of Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al Positi<span class=\"_ _2\"></span>on at th<span class=\"_ _2\"></span>eir fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue. F<span class=\"_ _1\"></span>air v<span class=\"_ _2\"></span>alue is d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ined by u<span class=\"_ _2\"></span>sing a mo<span class=\"_ _2\"></span>del to ca<span class=\"_ _2\"></span>lculate th<span class=\"_ _2\"></span>e net p<span class=\"_ _2\"></span>resent v<span class=\"_ _2\"></span>alue of f<span class=\"_ _2\"></span>uture ma<span class=\"_ _2\"></span>rket intere<span class=\"_ _2\"></span>st rates o<span class=\"_ _2\"></span>r by usin<span class=\"_ _2\"></span>g market v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span>s for sim<span class=\"_ _2\"></span>ilar i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span>. T<span class=\"_ _0\"></span>rans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on cost<span class=\"_ _2\"></span>s are expensed im<span class=\"_ _2\"></span>mediately<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e ef<span class=\"_ _2\"></span>fecti<span class=\"_ _2\"></span>ve por<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n of the g<span class=\"_ _2\"></span>ains o<span class=\"_ _2\"></span>r losse<span class=\"_ _2\"></span>s arisi<span class=\"_ _2\"></span>ng on th<span class=\"_ _2\"></span>e fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of cash f<span class=\"_ _2\"></span>low he<span class=\"_ _2\"></span>dges i<span class=\"_ _2\"></span>n the for<span class=\"_ _2\"></span>m of der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ents i<span class=\"_ _2\"></span>s repor<span class=\"_ _2\"></span>ted thro<span class=\"_ _2\"></span>ugh Ot<span class=\"_ _2\"></span>her Co<span class=\"_ _2\"></span>mpreh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e and i<span class=\"_ _2\"></span>s recogni<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>rough t<span class=\"_ _2\"></span>he Hed<span class=\"_ _2\"></span>gin<span class=\"_ _2\"></span>g Reser<span class=\"_ _2\"></span>ve. T<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>ef<span class=\"_ _2\"></span>fecti<span class=\"_ _2\"></span>ve por<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n is recog<span class=\"_ _2\"></span>nised t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h prof<span class=\"_ _2\"></span>it or los<span class=\"_ _2\"></span>s in the St<span class=\"_ _2\"></span>atemen<span class=\"_ _2\"></span>t of Comp<span class=\"_ _2\"></span>rehen<span class=\"_ _2\"></span>sive In<span class=\"_ _2\"></span>come. O<span class=\"_ _2\"></span>n matur<span class=\"_ _2\"></span>ity, or ea<span class=\"_ _2\"></span>rly red<span class=\"_ _2\"></span>empti<span class=\"_ _2\"></span>on, of t<span class=\"_ _2\"></span>he de<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ive ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent th<span class=\"_ _2\"></span>e unrea<span class=\"_ _2\"></span>lised<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>ns or los<span class=\"_ _2\"></span>ses ar<span class=\"_ _2\"></span>isin<span class=\"_ _2\"></span>g from cas<span class=\"_ _2\"></span>h flow h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>es in th<span class=\"_ _2\"></span>e form of de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tive ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s, in<span class=\"_ _2\"></span>itial<span class=\"_ _2\"></span>ly recogn<span class=\"_ _2\"></span>ised i<span class=\"_ _2\"></span>n Othe<span class=\"_ _2\"></span>r Comp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsive In<span class=\"_ _2\"></span>come, are recl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>ied to prof<span class=\"_ _2\"></span>it or los<span class=\"_ _2\"></span>s whe<span class=\"_ _2\"></span>n the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed forec<span class=\"_ _2\"></span>ast tr<span class=\"_ _2\"></span>ansa<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n is ulti<span class=\"_ _2\"></span>mately reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d in th<span class=\"_ _2\"></span>e profit o<span class=\"_ _2\"></span>r loss<span class=\"_ _2\"></span>, or wh<span class=\"_ _2\"></span>en the fo<span class=\"_ _2\"></span>recas<span class=\"_ _2\"></span>t tra<span class=\"_ _2\"></span>nsa<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n is no lon<span class=\"_ _2\"></span>ger e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>cted to occur.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p consid<span class=\"_ _2\"></span>ers th<span class=\"_ _2\"></span>at its i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s qua<span class=\"_ _2\"></span>lif<span class=\"_ _2\"></span>y for he<span class=\"_ _2\"></span>dge a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng wh<span class=\"_ _2\"></span>en the fo<span class=\"_ _2\"></span>llowin<span class=\"_ _2\"></span>g criter<span class=\"_ _2\"></span>ia are sat<span class=\"_ _2\"></span>isfi<span class=\"_ _2\"></span>ed:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s must b<span class=\"_ _2\"></span>e relate<span class=\"_ _2\"></span>d t<span class=\"_ _1\"></span>o an as<span class=\"_ _2\"></span>set or li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>ey mus<span class=\"_ _2\"></span>t chan<span class=\"_ _2\"></span>ge th<span class=\"_ _2\"></span>e chara<span class=\"_ _2\"></span>cter of th<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate by conver<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g a var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate to a fixed r<span class=\"_ _2\"></span>ate or vice ve<span class=\"_ _2\"></span>rsa;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>ey mus<span class=\"_ _2\"></span>t match the p<span class=\"_ _2\"></span>rin<span class=\"_ _2\"></span>cipal a<span class=\"_ _2\"></span>mou<span class=\"_ _2\"></span>nts an<span class=\"_ _2\"></span>d matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y dates of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ged ite<span class=\"_ _2\"></span>ms;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">A<span class=\"_ _2\"></span>s cash<span class=\"_ _2\"></span>-f<span class=\"_ _2\"></span>low he<span class=\"_ _2\"></span>dges<span class=\"_ _2\"></span>, the fo<span class=\"_ _2\"></span>recas<span class=\"_ _2\"></span>t tran<span class=\"_ _2\"></span>sac<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s (incur<span class=\"_ _2\"></span>ring i<span class=\"_ _2\"></span>nterest p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le on th<span class=\"_ _2\"></span>e bank lo<span class=\"_ _2\"></span>ans) th<span class=\"_ _2\"></span>at are sub<span class=\"_ _2\"></span>ject to th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ges m<span class=\"_ _2\"></span>ust b<span class=\"_ _2\"></span>e high<span class=\"_ _2\"></span>ly </span>prob<span class=\"_ _2\"></span>able a<span class=\"_ _2\"></span>nd mu<span class=\"_ _2\"></span>st pres<span class=\"_ _2\"></span>ent an ex<span class=\"_ _2\"></span>posu<span class=\"_ _2\"></span>re t<span class=\"_ _0\"></span>o v<span class=\"_ _2\"></span>ariat<span class=\"_ _2\"></span>ions i<span class=\"_ _2\"></span>n cash f<span class=\"_ _2\"></span>lows th<span class=\"_ _2\"></span>at could u<span class=\"_ _2\"></span>ltimatel<span class=\"_ _2\"></span>y affe<span class=\"_ _2\"></span>ct the p<span class=\"_ _2\"></span>rofit o<span class=\"_ _2\"></span>r loss;<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge mu<span class=\"_ _2\"></span>st be ef<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>tive m<span class=\"_ _2\"></span>eanin<span class=\"_ _2\"></span>g that t<span class=\"_ _2\"></span>here mu<span class=\"_ _2\"></span>st be a<span class=\"_ _2\"></span>n econo<span class=\"_ _2\"></span>mic rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nship b<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>ween t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dge<span class=\"_ _2\"></span>d item and t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dgin<span class=\"_ _2\"></span>g inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent; </span>the e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>t of credit r<span class=\"_ _2\"></span>isk mus<span class=\"_ _2\"></span>t not d<span class=\"_ _2\"></span>omin<span class=\"_ _2\"></span>ate the va<span class=\"_ _2\"></span>lue cha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>s that resu<span class=\"_ _2\"></span>lt from th<span class=\"_ _2\"></span>at econ<span class=\"_ _2\"></span>omic re<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>onshi<span class=\"_ _2\"></span>p; and th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge rati<span class=\"_ _2\"></span>o of the<span class=\"_ _2\"></span> he<span class=\"_ _2\"></span>dgin<span class=\"_ _2\"></span>g relat<span class=\"_ _2\"></span>ionsh<span class=\"_ _2\"></span>ip mus<span class=\"_ _2\"></span>t be th<span class=\"_ _2\"></span>e sam<span class=\"_ _2\"></span>e as that re<span class=\"_ _2\"></span>sulti<span class=\"_ _2\"></span>ng from t<span class=\"_ _2\"></span>he qua<span class=\"_ _2\"></span>ntit<span class=\"_ _2\"></span>y of the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed item th<span class=\"_ _2\"></span>at the G<span class=\"_ _2\"></span>roup a<span class=\"_ _2\"></span>ctua<span class=\"_ _2\"></span>lly he<span class=\"_ _2\"></span>dges a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>e qua<span class=\"_ _2\"></span>ntit<span class=\"_ _2\"></span>y of the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ing in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>t that th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p actu<span class=\"_ _2\"></span>ally use<span class=\"_ _2\"></span>s to hed<span class=\"_ _2\"></span>ge that q<span class=\"_ _2\"></span>uant<span class=\"_ _2\"></span>ity of h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed item; an<span class=\"_ _2\"></span>d<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">At th<span class=\"_ _2\"></span>e incep<span class=\"_ _2\"></span>tion of t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dge th<span class=\"_ _2\"></span>ere mus<span class=\"_ _2\"></span>t be for<span class=\"_ _2\"></span>mal d<span class=\"_ _2\"></span>esig<span class=\"_ _2\"></span>natio<span class=\"_ _2\"></span>n and d<span class=\"_ _2\"></span>ocume<span class=\"_ _2\"></span>ntat<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>gin<span class=\"_ _2\"></span>g relati<span class=\"_ _2\"></span>onsh<span class=\"_ _2\"></span>ip and t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s risk </span>management<span class=\"_ _0\"></span> objective and<span class=\"_ _0\"></span> s<span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>tegy f<span class=\"_ _0\"></span>or undertaking the hedge<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-408": {
   "value": "(l) Derivative finan<span class=\"_ _2\"></span>cial instruments<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p uses d<span class=\"_ _2\"></span>eriv<span class=\"_ _2\"></span>ative f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s to hed<span class=\"_ _2\"></span>ge it<span class=\"_ _2\"></span>s risk as<span class=\"_ _2\"></span>sociate<span class=\"_ _2\"></span>d with inte<span class=\"_ _2\"></span>rest rate f<span class=\"_ _2\"></span>luct<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>ns. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s po<span class=\"_ _2\"></span>licy i<span class=\"_ _2\"></span>s not to tra<span class=\"_ _2\"></span>de in derivative instruments.<span class=\"_ _231\"> </span>De<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ive ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are init<span class=\"_ _2\"></span>ially re<span class=\"_ _2\"></span>cogni<span class=\"_ _2\"></span>sed in th<span class=\"_ _2\"></span>e Statem<span class=\"_ _2\"></span>ent of Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al Positi<span class=\"_ _2\"></span>on at th<span class=\"_ _2\"></span>eir fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue. F<span class=\"_ _1\"></span>air v<span class=\"_ _2\"></span>alue is d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ined by u<span class=\"_ _2\"></span>sing a mo<span class=\"_ _2\"></span>del to ca<span class=\"_ _2\"></span>lculate th<span class=\"_ _2\"></span>e net p<span class=\"_ _2\"></span>resent v<span class=\"_ _2\"></span>alue of f<span class=\"_ _2\"></span>uture ma<span class=\"_ _2\"></span>rket intere<span class=\"_ _2\"></span>st rates o<span class=\"_ _2\"></span>r by usin<span class=\"_ _2\"></span>g market v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span>s for sim<span class=\"_ _2\"></span>ilar i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span>. T<span class=\"_ _0\"></span>rans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on cost<span class=\"_ _2\"></span>s are expensed im<span class=\"_ _2\"></span>mediately<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e ef<span class=\"_ _2\"></span>fecti<span class=\"_ _2\"></span>ve por<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n of the g<span class=\"_ _2\"></span>ains o<span class=\"_ _2\"></span>r losse<span class=\"_ _2\"></span>s arisi<span class=\"_ _2\"></span>ng on th<span class=\"_ _2\"></span>e fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of cash f<span class=\"_ _2\"></span>low he<span class=\"_ _2\"></span>dges i<span class=\"_ _2\"></span>n the for<span class=\"_ _2\"></span>m of der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ents i<span class=\"_ _2\"></span>s repor<span class=\"_ _2\"></span>ted thro<span class=\"_ _2\"></span>ugh Ot<span class=\"_ _2\"></span>her Co<span class=\"_ _2\"></span>mpreh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e and i<span class=\"_ _2\"></span>s recogni<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>rough t<span class=\"_ _2\"></span>he Hed<span class=\"_ _2\"></span>gin<span class=\"_ _2\"></span>g Reser<span class=\"_ _2\"></span>ve. T<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>ef<span class=\"_ _2\"></span>fecti<span class=\"_ _2\"></span>ve por<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n is recog<span class=\"_ _2\"></span>nised t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h prof<span class=\"_ _2\"></span>it or los<span class=\"_ _2\"></span>s in the St<span class=\"_ _2\"></span>atemen<span class=\"_ _2\"></span>t of Comp<span class=\"_ _2\"></span>rehen<span class=\"_ _2\"></span>sive In<span class=\"_ _2\"></span>come. O<span class=\"_ _2\"></span>n matur<span class=\"_ _2\"></span>ity, or ea<span class=\"_ _2\"></span>rly red<span class=\"_ _2\"></span>empti<span class=\"_ _2\"></span>on, of t<span class=\"_ _2\"></span>he de<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ive ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent th<span class=\"_ _2\"></span>e unrea<span class=\"_ _2\"></span>lised<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>ns or los<span class=\"_ _2\"></span>ses ar<span class=\"_ _2\"></span>isin<span class=\"_ _2\"></span>g from cas<span class=\"_ _2\"></span>h flow h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>es in th<span class=\"_ _2\"></span>e form of de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tive ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s, in<span class=\"_ _2\"></span>itial<span class=\"_ _2\"></span>ly recogn<span class=\"_ _2\"></span>ised i<span class=\"_ _2\"></span>n Othe<span class=\"_ _2\"></span>r Comp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsive In<span class=\"_ _2\"></span>come, are recl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>ied to prof<span class=\"_ _2\"></span>it or los<span class=\"_ _2\"></span>s whe<span class=\"_ _2\"></span>n the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed forec<span class=\"_ _2\"></span>ast tr<span class=\"_ _2\"></span>ansa<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n is ulti<span class=\"_ _2\"></span>mately reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d in th<span class=\"_ _2\"></span>e profit o<span class=\"_ _2\"></span>r loss<span class=\"_ _2\"></span>, or wh<span class=\"_ _2\"></span>en the fo<span class=\"_ _2\"></span>recas<span class=\"_ _2\"></span>t tra<span class=\"_ _2\"></span>nsa<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n is no lon<span class=\"_ _2\"></span>ger e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>cted to occur.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p consid<span class=\"_ _2\"></span>ers th<span class=\"_ _2\"></span>at its i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s qua<span class=\"_ _2\"></span>lif<span class=\"_ _2\"></span>y for he<span class=\"_ _2\"></span>dge a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng wh<span class=\"_ _2\"></span>en the fo<span class=\"_ _2\"></span>llowin<span class=\"_ _2\"></span>g criter<span class=\"_ _2\"></span>ia are sat<span class=\"_ _2\"></span>isfi<span class=\"_ _2\"></span>ed:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s must b<span class=\"_ _2\"></span>e relate<span class=\"_ _2\"></span>d t<span class=\"_ _1\"></span>o an as<span class=\"_ _2\"></span>set or li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>ey mus<span class=\"_ _2\"></span>t chan<span class=\"_ _2\"></span>ge th<span class=\"_ _2\"></span>e chara<span class=\"_ _2\"></span>cter of th<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate by conver<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g a var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate to a fixed r<span class=\"_ _2\"></span>ate or vice ve<span class=\"_ _2\"></span>rsa;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>ey mus<span class=\"_ _2\"></span>t match the p<span class=\"_ _2\"></span>rin<span class=\"_ _2\"></span>cipal a<span class=\"_ _2\"></span>mou<span class=\"_ _2\"></span>nts an<span class=\"_ _2\"></span>d matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y dates of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ged ite<span class=\"_ _2\"></span>ms;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">A<span class=\"_ _2\"></span>s cash<span class=\"_ _2\"></span>-f<span class=\"_ _2\"></span>low he<span class=\"_ _2\"></span>dges<span class=\"_ _2\"></span>, the fo<span class=\"_ _2\"></span>recas<span class=\"_ _2\"></span>t tran<span class=\"_ _2\"></span>sac<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s (incur<span class=\"_ _2\"></span>ring i<span class=\"_ _2\"></span>nterest p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le on th<span class=\"_ _2\"></span>e bank lo<span class=\"_ _2\"></span>ans) th<span class=\"_ _2\"></span>at are sub<span class=\"_ _2\"></span>ject to th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ges m<span class=\"_ _2\"></span>ust b<span class=\"_ _2\"></span>e high<span class=\"_ _2\"></span>ly </span>prob<span class=\"_ _2\"></span>able a<span class=\"_ _2\"></span>nd mu<span class=\"_ _2\"></span>st pres<span class=\"_ _2\"></span>ent an ex<span class=\"_ _2\"></span>posu<span class=\"_ _2\"></span>re t<span class=\"_ _0\"></span>o v<span class=\"_ _2\"></span>ariat<span class=\"_ _2\"></span>ions i<span class=\"_ _2\"></span>n cash f<span class=\"_ _2\"></span>lows th<span class=\"_ _2\"></span>at could u<span class=\"_ _2\"></span>ltimatel<span class=\"_ _2\"></span>y affe<span class=\"_ _2\"></span>ct the p<span class=\"_ _2\"></span>rofit o<span class=\"_ _2\"></span>r loss;<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge mu<span class=\"_ _2\"></span>st be ef<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>tive m<span class=\"_ _2\"></span>eanin<span class=\"_ _2\"></span>g that t<span class=\"_ _2\"></span>here mu<span class=\"_ _2\"></span>st be a<span class=\"_ _2\"></span>n econo<span class=\"_ _2\"></span>mic rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nship b<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>ween t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dge<span class=\"_ _2\"></span>d item and t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dgin<span class=\"_ _2\"></span>g inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent; </span>the e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>t of credit r<span class=\"_ _2\"></span>isk mus<span class=\"_ _2\"></span>t not d<span class=\"_ _2\"></span>omin<span class=\"_ _2\"></span>ate the va<span class=\"_ _2\"></span>lue cha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>s that resu<span class=\"_ _2\"></span>lt from th<span class=\"_ _2\"></span>at econ<span class=\"_ _2\"></span>omic re<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>onshi<span class=\"_ _2\"></span>p; and th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge rati<span class=\"_ _2\"></span>o of the<span class=\"_ _2\"></span> he<span class=\"_ _2\"></span>dgin<span class=\"_ _2\"></span>g relat<span class=\"_ _2\"></span>ionsh<span class=\"_ _2\"></span>ip mus<span class=\"_ _2\"></span>t be th<span class=\"_ _2\"></span>e sam<span class=\"_ _2\"></span>e as that re<span class=\"_ _2\"></span>sulti<span class=\"_ _2\"></span>ng from t<span class=\"_ _2\"></span>he qua<span class=\"_ _2\"></span>ntit<span class=\"_ _2\"></span>y of the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed item th<span class=\"_ _2\"></span>at the G<span class=\"_ _2\"></span>roup a<span class=\"_ _2\"></span>ctua<span class=\"_ _2\"></span>lly he<span class=\"_ _2\"></span>dges a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>e qua<span class=\"_ _2\"></span>ntit<span class=\"_ _2\"></span>y of the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ing in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>t that th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p actu<span class=\"_ _2\"></span>ally use<span class=\"_ _2\"></span>s to hed<span class=\"_ _2\"></span>ge that q<span class=\"_ _2\"></span>uant<span class=\"_ _2\"></span>ity of h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed item; an<span class=\"_ _2\"></span>d<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">At th<span class=\"_ _2\"></span>e incep<span class=\"_ _2\"></span>tion of t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dge th<span class=\"_ _2\"></span>ere mus<span class=\"_ _2\"></span>t be for<span class=\"_ _2\"></span>mal d<span class=\"_ _2\"></span>esig<span class=\"_ _2\"></span>natio<span class=\"_ _2\"></span>n and d<span class=\"_ _2\"></span>ocume<span class=\"_ _2\"></span>ntat<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>gin<span class=\"_ _2\"></span>g relati<span class=\"_ _2\"></span>onsh<span class=\"_ _2\"></span>ip and t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s risk </span>management<span class=\"_ _0\"></span> objective and<span class=\"_ _0\"></span> s<span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>tegy f<span class=\"_ _0\"></span>or undertaking the hedge<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-402": {
   "value": "(l) Derivative finan<span class=\"_ _2\"></span>cial instruments<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p uses d<span class=\"_ _2\"></span>eriv<span class=\"_ _2\"></span>ative f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s to hed<span class=\"_ _2\"></span>ge it<span class=\"_ _2\"></span>s risk as<span class=\"_ _2\"></span>sociate<span class=\"_ _2\"></span>d with inte<span class=\"_ _2\"></span>rest rate f<span class=\"_ _2\"></span>luct<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>ns. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s po<span class=\"_ _2\"></span>licy i<span class=\"_ _2\"></span>s not to tra<span class=\"_ _2\"></span>de in derivative instruments.<span class=\"_ _231\"> </span>De<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ive ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are init<span class=\"_ _2\"></span>ially re<span class=\"_ _2\"></span>cogni<span class=\"_ _2\"></span>sed in th<span class=\"_ _2\"></span>e Statem<span class=\"_ _2\"></span>ent of Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al Positi<span class=\"_ _2\"></span>on at th<span class=\"_ _2\"></span>eir fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue. F<span class=\"_ _1\"></span>air v<span class=\"_ _2\"></span>alue is d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ined by u<span class=\"_ _2\"></span>sing a mo<span class=\"_ _2\"></span>del to ca<span class=\"_ _2\"></span>lculate th<span class=\"_ _2\"></span>e net p<span class=\"_ _2\"></span>resent v<span class=\"_ _2\"></span>alue of f<span class=\"_ _2\"></span>uture ma<span class=\"_ _2\"></span>rket intere<span class=\"_ _2\"></span>st rates o<span class=\"_ _2\"></span>r by usin<span class=\"_ _2\"></span>g market v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span>s for sim<span class=\"_ _2\"></span>ilar i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span>. T<span class=\"_ _0\"></span>rans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on cost<span class=\"_ _2\"></span>s are expensed im<span class=\"_ _2\"></span>mediately<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e ef<span class=\"_ _2\"></span>fecti<span class=\"_ _2\"></span>ve por<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n of the g<span class=\"_ _2\"></span>ains o<span class=\"_ _2\"></span>r losse<span class=\"_ _2\"></span>s arisi<span class=\"_ _2\"></span>ng on th<span class=\"_ _2\"></span>e fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of cash f<span class=\"_ _2\"></span>low he<span class=\"_ _2\"></span>dges i<span class=\"_ _2\"></span>n the for<span class=\"_ _2\"></span>m of der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ents i<span class=\"_ _2\"></span>s repor<span class=\"_ _2\"></span>ted thro<span class=\"_ _2\"></span>ugh Ot<span class=\"_ _2\"></span>her Co<span class=\"_ _2\"></span>mpreh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e and i<span class=\"_ _2\"></span>s recogni<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>rough t<span class=\"_ _2\"></span>he Hed<span class=\"_ _2\"></span>gin<span class=\"_ _2\"></span>g Reser<span class=\"_ _2\"></span>ve. T<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>ef<span class=\"_ _2\"></span>fecti<span class=\"_ _2\"></span>ve por<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n is recog<span class=\"_ _2\"></span>nised t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h prof<span class=\"_ _2\"></span>it or los<span class=\"_ _2\"></span>s in the St<span class=\"_ _2\"></span>atemen<span class=\"_ _2\"></span>t of Comp<span class=\"_ _2\"></span>rehen<span class=\"_ _2\"></span>sive In<span class=\"_ _2\"></span>come. O<span class=\"_ _2\"></span>n matur<span class=\"_ _2\"></span>ity, or ea<span class=\"_ _2\"></span>rly red<span class=\"_ _2\"></span>empti<span class=\"_ _2\"></span>on, of t<span class=\"_ _2\"></span>he de<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ive ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent th<span class=\"_ _2\"></span>e unrea<span class=\"_ _2\"></span>lised<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>ns or los<span class=\"_ _2\"></span>ses ar<span class=\"_ _2\"></span>isin<span class=\"_ _2\"></span>g from cas<span class=\"_ _2\"></span>h flow h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>es in th<span class=\"_ _2\"></span>e form of de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tive ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s, in<span class=\"_ _2\"></span>itial<span class=\"_ _2\"></span>ly recogn<span class=\"_ _2\"></span>ised i<span class=\"_ _2\"></span>n Othe<span class=\"_ _2\"></span>r Comp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsive In<span class=\"_ _2\"></span>come, are recl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>ied to prof<span class=\"_ _2\"></span>it or los<span class=\"_ _2\"></span>s whe<span class=\"_ _2\"></span>n the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed forec<span class=\"_ _2\"></span>ast tr<span class=\"_ _2\"></span>ansa<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n is ulti<span class=\"_ _2\"></span>mately reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d in th<span class=\"_ _2\"></span>e profit o<span class=\"_ _2\"></span>r loss<span class=\"_ _2\"></span>, or wh<span class=\"_ _2\"></span>en the fo<span class=\"_ _2\"></span>recas<span class=\"_ _2\"></span>t tra<span class=\"_ _2\"></span>nsa<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n is no lon<span class=\"_ _2\"></span>ger e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>cted to occur.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p consid<span class=\"_ _2\"></span>ers th<span class=\"_ _2\"></span>at its i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s qua<span class=\"_ _2\"></span>lif<span class=\"_ _2\"></span>y for he<span class=\"_ _2\"></span>dge a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng wh<span class=\"_ _2\"></span>en the fo<span class=\"_ _2\"></span>llowin<span class=\"_ _2\"></span>g criter<span class=\"_ _2\"></span>ia are sat<span class=\"_ _2\"></span>isfi<span class=\"_ _2\"></span>ed:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s must b<span class=\"_ _2\"></span>e relate<span class=\"_ _2\"></span>d t<span class=\"_ _1\"></span>o an as<span class=\"_ _2\"></span>set or li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>ey mus<span class=\"_ _2\"></span>t chan<span class=\"_ _2\"></span>ge th<span class=\"_ _2\"></span>e chara<span class=\"_ _2\"></span>cter of th<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate by conver<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g a var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate to a fixed r<span class=\"_ _2\"></span>ate or vice ve<span class=\"_ _2\"></span>rsa;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>ey mus<span class=\"_ _2\"></span>t match the p<span class=\"_ _2\"></span>rin<span class=\"_ _2\"></span>cipal a<span class=\"_ _2\"></span>mou<span class=\"_ _2\"></span>nts an<span class=\"_ _2\"></span>d matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y dates of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ged ite<span class=\"_ _2\"></span>ms;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">A<span class=\"_ _2\"></span>s cash<span class=\"_ _2\"></span>-f<span class=\"_ _2\"></span>low he<span class=\"_ _2\"></span>dges<span class=\"_ _2\"></span>, the fo<span class=\"_ _2\"></span>recas<span class=\"_ _2\"></span>t tran<span class=\"_ _2\"></span>sac<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s (incur<span class=\"_ _2\"></span>ring i<span class=\"_ _2\"></span>nterest p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le on th<span class=\"_ _2\"></span>e bank lo<span class=\"_ _2\"></span>ans) th<span class=\"_ _2\"></span>at are sub<span class=\"_ _2\"></span>ject to th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ges m<span class=\"_ _2\"></span>ust b<span class=\"_ _2\"></span>e high<span class=\"_ _2\"></span>ly </span>prob<span class=\"_ _2\"></span>able a<span class=\"_ _2\"></span>nd mu<span class=\"_ _2\"></span>st pres<span class=\"_ _2\"></span>ent an ex<span class=\"_ _2\"></span>posu<span class=\"_ _2\"></span>re t<span class=\"_ _0\"></span>o v<span class=\"_ _2\"></span>ariat<span class=\"_ _2\"></span>ions i<span class=\"_ _2\"></span>n cash f<span class=\"_ _2\"></span>lows th<span class=\"_ _2\"></span>at could u<span class=\"_ _2\"></span>ltimatel<span class=\"_ _2\"></span>y affe<span class=\"_ _2\"></span>ct the p<span class=\"_ _2\"></span>rofit o<span class=\"_ _2\"></span>r loss;<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge mu<span class=\"_ _2\"></span>st be ef<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>tive m<span class=\"_ _2\"></span>eanin<span class=\"_ _2\"></span>g that t<span class=\"_ _2\"></span>here mu<span class=\"_ _2\"></span>st be a<span class=\"_ _2\"></span>n econo<span class=\"_ _2\"></span>mic rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nship b<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>ween t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dge<span class=\"_ _2\"></span>d item and t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dgin<span class=\"_ _2\"></span>g inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent; </span>the e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>t of credit r<span class=\"_ _2\"></span>isk mus<span class=\"_ _2\"></span>t not d<span class=\"_ _2\"></span>omin<span class=\"_ _2\"></span>ate the va<span class=\"_ _2\"></span>lue cha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>s that resu<span class=\"_ _2\"></span>lt from th<span class=\"_ _2\"></span>at econ<span class=\"_ _2\"></span>omic re<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>onshi<span class=\"_ _2\"></span>p; and th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge rati<span class=\"_ _2\"></span>o of the<span class=\"_ _2\"></span> he<span class=\"_ _2\"></span>dgin<span class=\"_ _2\"></span>g relat<span class=\"_ _2\"></span>ionsh<span class=\"_ _2\"></span>ip mus<span class=\"_ _2\"></span>t be th<span class=\"_ _2\"></span>e sam<span class=\"_ _2\"></span>e as that re<span class=\"_ _2\"></span>sulti<span class=\"_ _2\"></span>ng from t<span class=\"_ _2\"></span>he qua<span class=\"_ _2\"></span>ntit<span class=\"_ _2\"></span>y of the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed item th<span class=\"_ _2\"></span>at the G<span class=\"_ _2\"></span>roup a<span class=\"_ _2\"></span>ctua<span class=\"_ _2\"></span>lly he<span class=\"_ _2\"></span>dges a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>e qua<span class=\"_ _2\"></span>ntit<span class=\"_ _2\"></span>y of the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ing in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>t that th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p actu<span class=\"_ _2\"></span>ally use<span class=\"_ _2\"></span>s to hed<span class=\"_ _2\"></span>ge that q<span class=\"_ _2\"></span>uant<span class=\"_ _2\"></span>ity of h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed item; an<span class=\"_ _2\"></span>d<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">At th<span class=\"_ _2\"></span>e incep<span class=\"_ _2\"></span>tion of t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dge th<span class=\"_ _2\"></span>ere mus<span class=\"_ _2\"></span>t be for<span class=\"_ _2\"></span>mal d<span class=\"_ _2\"></span>esig<span class=\"_ _2\"></span>natio<span class=\"_ _2\"></span>n and d<span class=\"_ _2\"></span>ocume<span class=\"_ _2\"></span>ntat<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>gin<span class=\"_ _2\"></span>g relati<span class=\"_ _2\"></span>onsh<span class=\"_ _2\"></span>ip and t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s risk </span>management<span class=\"_ _0\"></span> objective and<span class=\"_ _0\"></span> s<span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>tegy f<span class=\"_ _0\"></span>or undertaking the hedge<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-377": {
   "value": "(l) Derivative finan<span class=\"_ _2\"></span>cial instruments<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p uses d<span class=\"_ _2\"></span>eriv<span class=\"_ _2\"></span>ative f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s to hed<span class=\"_ _2\"></span>ge it<span class=\"_ _2\"></span>s risk as<span class=\"_ _2\"></span>sociate<span class=\"_ _2\"></span>d with inte<span class=\"_ _2\"></span>rest rate f<span class=\"_ _2\"></span>luct<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>ns. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s po<span class=\"_ _2\"></span>licy i<span class=\"_ _2\"></span>s not to tra<span class=\"_ _2\"></span>de in derivative instruments.<span class=\"_ _231\"> </span>De<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ive ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are init<span class=\"_ _2\"></span>ially re<span class=\"_ _2\"></span>cogni<span class=\"_ _2\"></span>sed in th<span class=\"_ _2\"></span>e Statem<span class=\"_ _2\"></span>ent of Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al Positi<span class=\"_ _2\"></span>on at th<span class=\"_ _2\"></span>eir fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue. F<span class=\"_ _1\"></span>air v<span class=\"_ _2\"></span>alue is d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ined by u<span class=\"_ _2\"></span>sing a mo<span class=\"_ _2\"></span>del to ca<span class=\"_ _2\"></span>lculate th<span class=\"_ _2\"></span>e net p<span class=\"_ _2\"></span>resent v<span class=\"_ _2\"></span>alue of f<span class=\"_ _2\"></span>uture ma<span class=\"_ _2\"></span>rket intere<span class=\"_ _2\"></span>st rates o<span class=\"_ _2\"></span>r by usin<span class=\"_ _2\"></span>g market v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span>s for sim<span class=\"_ _2\"></span>ilar i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span>. T<span class=\"_ _0\"></span>rans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on cost<span class=\"_ _2\"></span>s are expensed im<span class=\"_ _2\"></span>mediately<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e ef<span class=\"_ _2\"></span>fecti<span class=\"_ _2\"></span>ve por<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n of the g<span class=\"_ _2\"></span>ains o<span class=\"_ _2\"></span>r losse<span class=\"_ _2\"></span>s arisi<span class=\"_ _2\"></span>ng on th<span class=\"_ _2\"></span>e fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of cash f<span class=\"_ _2\"></span>low he<span class=\"_ _2\"></span>dges i<span class=\"_ _2\"></span>n the for<span class=\"_ _2\"></span>m of der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ents i<span class=\"_ _2\"></span>s repor<span class=\"_ _2\"></span>ted thro<span class=\"_ _2\"></span>ugh Ot<span class=\"_ _2\"></span>her Co<span class=\"_ _2\"></span>mpreh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e and i<span class=\"_ _2\"></span>s recogni<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>rough t<span class=\"_ _2\"></span>he Hed<span class=\"_ _2\"></span>gin<span class=\"_ _2\"></span>g Reser<span class=\"_ _2\"></span>ve. T<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>ef<span class=\"_ _2\"></span>fecti<span class=\"_ _2\"></span>ve por<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n is recog<span class=\"_ _2\"></span>nised t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h prof<span class=\"_ _2\"></span>it or los<span class=\"_ _2\"></span>s in the St<span class=\"_ _2\"></span>atemen<span class=\"_ _2\"></span>t of Comp<span class=\"_ _2\"></span>rehen<span class=\"_ _2\"></span>sive In<span class=\"_ _2\"></span>come. O<span class=\"_ _2\"></span>n matur<span class=\"_ _2\"></span>ity, or ea<span class=\"_ _2\"></span>rly red<span class=\"_ _2\"></span>empti<span class=\"_ _2\"></span>on, of t<span class=\"_ _2\"></span>he de<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ive ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent th<span class=\"_ _2\"></span>e unrea<span class=\"_ _2\"></span>lised<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>ns or los<span class=\"_ _2\"></span>ses ar<span class=\"_ _2\"></span>isin<span class=\"_ _2\"></span>g from cas<span class=\"_ _2\"></span>h flow h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>es in th<span class=\"_ _2\"></span>e form of de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tive ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s, in<span class=\"_ _2\"></span>itial<span class=\"_ _2\"></span>ly recogn<span class=\"_ _2\"></span>ised i<span class=\"_ _2\"></span>n Othe<span class=\"_ _2\"></span>r Comp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsive In<span class=\"_ _2\"></span>come, are recl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>ied to prof<span class=\"_ _2\"></span>it or los<span class=\"_ _2\"></span>s whe<span class=\"_ _2\"></span>n the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed forec<span class=\"_ _2\"></span>ast tr<span class=\"_ _2\"></span>ansa<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n is ulti<span class=\"_ _2\"></span>mately reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d in th<span class=\"_ _2\"></span>e profit o<span class=\"_ _2\"></span>r loss<span class=\"_ _2\"></span>, or wh<span class=\"_ _2\"></span>en the fo<span class=\"_ _2\"></span>recas<span class=\"_ _2\"></span>t tra<span class=\"_ _2\"></span>nsa<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n is no lon<span class=\"_ _2\"></span>ger e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>cted to occur.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p consid<span class=\"_ _2\"></span>ers th<span class=\"_ _2\"></span>at its i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s qua<span class=\"_ _2\"></span>lif<span class=\"_ _2\"></span>y for he<span class=\"_ _2\"></span>dge a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng wh<span class=\"_ _2\"></span>en the fo<span class=\"_ _2\"></span>llowin<span class=\"_ _2\"></span>g criter<span class=\"_ _2\"></span>ia are sat<span class=\"_ _2\"></span>isfi<span class=\"_ _2\"></span>ed:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s must b<span class=\"_ _2\"></span>e relate<span class=\"_ _2\"></span>d t<span class=\"_ _1\"></span>o an as<span class=\"_ _2\"></span>set or li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>ey mus<span class=\"_ _2\"></span>t chan<span class=\"_ _2\"></span>ge th<span class=\"_ _2\"></span>e chara<span class=\"_ _2\"></span>cter of th<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate by conver<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g a var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate to a fixed r<span class=\"_ _2\"></span>ate or vice ve<span class=\"_ _2\"></span>rsa;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>ey mus<span class=\"_ _2\"></span>t match the p<span class=\"_ _2\"></span>rin<span class=\"_ _2\"></span>cipal a<span class=\"_ _2\"></span>mou<span class=\"_ _2\"></span>nts an<span class=\"_ _2\"></span>d matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y dates of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ged ite<span class=\"_ _2\"></span>ms;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">A<span class=\"_ _2\"></span>s cash<span class=\"_ _2\"></span>-f<span class=\"_ _2\"></span>low he<span class=\"_ _2\"></span>dges<span class=\"_ _2\"></span>, the fo<span class=\"_ _2\"></span>recas<span class=\"_ _2\"></span>t tran<span class=\"_ _2\"></span>sac<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s (incur<span class=\"_ _2\"></span>ring i<span class=\"_ _2\"></span>nterest p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le on th<span class=\"_ _2\"></span>e bank lo<span class=\"_ _2\"></span>ans) th<span class=\"_ _2\"></span>at are sub<span class=\"_ _2\"></span>ject to th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ges m<span class=\"_ _2\"></span>ust b<span class=\"_ _2\"></span>e high<span class=\"_ _2\"></span>ly </span>prob<span class=\"_ _2\"></span>able a<span class=\"_ _2\"></span>nd mu<span class=\"_ _2\"></span>st pres<span class=\"_ _2\"></span>ent an ex<span class=\"_ _2\"></span>posu<span class=\"_ _2\"></span>re t<span class=\"_ _0\"></span>o v<span class=\"_ _2\"></span>ariat<span class=\"_ _2\"></span>ions i<span class=\"_ _2\"></span>n cash f<span class=\"_ _2\"></span>lows th<span class=\"_ _2\"></span>at could u<span class=\"_ _2\"></span>ltimatel<span class=\"_ _2\"></span>y affe<span class=\"_ _2\"></span>ct the p<span class=\"_ _2\"></span>rofit o<span class=\"_ _2\"></span>r loss;<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge mu<span class=\"_ _2\"></span>st be ef<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>tive m<span class=\"_ _2\"></span>eanin<span class=\"_ _2\"></span>g that t<span class=\"_ _2\"></span>here mu<span class=\"_ _2\"></span>st be a<span class=\"_ _2\"></span>n econo<span class=\"_ _2\"></span>mic rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nship b<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>ween t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dge<span class=\"_ _2\"></span>d item and t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dgin<span class=\"_ _2\"></span>g inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent; </span>the e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>t of credit r<span class=\"_ _2\"></span>isk mus<span class=\"_ _2\"></span>t not d<span class=\"_ _2\"></span>omin<span class=\"_ _2\"></span>ate the va<span class=\"_ _2\"></span>lue cha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>s that resu<span class=\"_ _2\"></span>lt from th<span class=\"_ _2\"></span>at econ<span class=\"_ _2\"></span>omic re<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>onshi<span class=\"_ _2\"></span>p; and th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge rati<span class=\"_ _2\"></span>o of the<span class=\"_ _2\"></span> he<span class=\"_ _2\"></span>dgin<span class=\"_ _2\"></span>g relat<span class=\"_ _2\"></span>ionsh<span class=\"_ _2\"></span>ip mus<span class=\"_ _2\"></span>t be th<span class=\"_ _2\"></span>e sam<span class=\"_ _2\"></span>e as that re<span class=\"_ _2\"></span>sulti<span class=\"_ _2\"></span>ng from t<span class=\"_ _2\"></span>he qua<span class=\"_ _2\"></span>ntit<span class=\"_ _2\"></span>y of the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed item th<span class=\"_ _2\"></span>at the G<span class=\"_ _2\"></span>roup a<span class=\"_ _2\"></span>ctua<span class=\"_ _2\"></span>lly he<span class=\"_ _2\"></span>dges a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>e qua<span class=\"_ _2\"></span>ntit<span class=\"_ _2\"></span>y of the h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ing in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>t that th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p actu<span class=\"_ _2\"></span>ally use<span class=\"_ _2\"></span>s to hed<span class=\"_ _2\"></span>ge that q<span class=\"_ _2\"></span>uant<span class=\"_ _2\"></span>ity of h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed item; an<span class=\"_ _2\"></span>d<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">At th<span class=\"_ _2\"></span>e incep<span class=\"_ _2\"></span>tion of t<span class=\"_ _2\"></span>he he<span class=\"_ _2\"></span>dge th<span class=\"_ _2\"></span>ere mus<span class=\"_ _2\"></span>t be for<span class=\"_ _2\"></span>mal d<span class=\"_ _2\"></span>esig<span class=\"_ _2\"></span>natio<span class=\"_ _2\"></span>n and d<span class=\"_ _2\"></span>ocume<span class=\"_ _2\"></span>ntat<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>gin<span class=\"_ _2\"></span>g relati<span class=\"_ _2\"></span>onsh<span class=\"_ _2\"></span>ip and t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s risk </span>management<span class=\"_ _0\"></span> objective and<span class=\"_ _0\"></span> s<span class=\"_ _2\"></span>tra<span class=\"_ _0\"></span>tegy f<span class=\"_ _0\"></span>or undertaking the hedge<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-349": {
   "value": "(m<span class=\"_ _0\"></span>) Reserves<span class=\"_ _231\"> </span>Share Premium<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e share p<span class=\"_ _2\"></span>remiu<span class=\"_ _2\"></span>m account rep<span class=\"_ _2\"></span>resen<span class=\"_ _2\"></span>ts th<span class=\"_ _2\"></span>e dif<span class=\"_ _2\"></span>ference b<span class=\"_ _2\"></span>etw<span class=\"_ _2\"></span>een th<span class=\"_ _2\"></span>e issu<span class=\"_ _2\"></span>e price of s<span class=\"_ _2\"></span>hares a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>eir no<span class=\"_ _2\"></span>mina<span class=\"_ _2\"></span>l valu<span class=\"_ _2\"></span>e (excludi<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>ose issu<span class=\"_ _2\"></span>ed as par<span class=\"_ _2\"></span>t of th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p recons<span class=\"_ _2\"></span>truc<span class=\"_ _2\"></span>tion). Th<span class=\"_ _2\"></span>is rese<span class=\"_ _2\"></span>rve is n<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>distr<span class=\"_ _2\"></span>ibut<span class=\"_ _2\"></span>abl<span class=\"_ _2\"></span>e.<span class=\"_ _231\"> </span>Merger R<span class=\"_ _0\"></span>eser<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>e<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e merg<span class=\"_ _2\"></span>er rese<span class=\"_ _2\"></span>rv<span class=\"_ _2\"></span>e arose on th<span class=\"_ _2\"></span>e recons<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n of the G<span class=\"_ _2\"></span>roup in A<span class=\"_ _2\"></span>ugus<span class=\"_ _2\"></span>t 2019 (the \u2018G<span class=\"_ _2\"></span>roup Re<span class=\"_ _2\"></span>constr<span class=\"_ _2\"></span>uct<span class=\"_ _2\"></span>ion\u2019<span class=\"_ _2\"></span>) and re<span class=\"_ _2\"></span>prese<span class=\"_ _2\"></span>nts th<span class=\"_ _2\"></span>e dif<span class=\"_ _2\"></span>ference<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>we<span class=\"_ _2\"></span>en the n<span class=\"_ _2\"></span>omi<span class=\"_ _2\"></span>nal va<span class=\"_ _2\"></span>lue an<span class=\"_ _2\"></span>d the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e share<span class=\"_ _2\"></span>s issue<span class=\"_ _2\"></span>d by the Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ny in exchan<span class=\"_ _2\"></span>ge for t<span class=\"_ _2\"></span>he sha<span class=\"_ _2\"></span>res of the G<span class=\"_ _2\"></span>roup\u2019s p<span class=\"_ _2\"></span>reviou<span class=\"_ _2\"></span>s parent<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>any<span class=\"_ _0\"></span>, T<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>rget He<span class=\"_ _2\"></span>althc<span class=\"_ _2\"></span>are REIT L<span class=\"_ _2\"></span>imited<span class=\"_ _2\"></span>. This re<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>ve is no<span class=\"_ _2\"></span>n-<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>buta<span class=\"_ _2\"></span>ble.<span class=\"_ _231\"> </span>Distr<span class=\"_ _0\"></span>ibutable R<span class=\"_ _0\"></span>eser<span class=\"_ _2\"></span>ve<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e dist<span class=\"_ _2\"></span>ribu<span class=\"_ _2\"></span>tab<span class=\"_ _2\"></span>le reser<span class=\"_ _2\"></span>ve rep<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span>s th<span class=\"_ _2\"></span>e bala<span class=\"_ _2\"></span>nce ari<span class=\"_ _2\"></span>sing fol<span class=\"_ _2\"></span>lowin<span class=\"_ _2\"></span>g the re<span class=\"_ _2\"></span>duct<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e nom<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>l value o<span class=\"_ _2\"></span>f the sh<span class=\"_ _2\"></span>ares iss<span class=\"_ _2\"></span>ued as p<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>t of the G<span class=\"_ _2\"></span>roup Recon<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on from \u00a3<span class=\"_ _2\"></span>1.0<span class=\"_ _2\"></span>0 per s<span class=\"_ _2\"></span>hare to \u00a30.01 per s<span class=\"_ _2\"></span>hare, as a<span class=\"_ _2\"></span>pproved by t<span class=\"_ _2\"></span>he Hi<span class=\"_ _2\"></span>gh Cour<span class=\"_ _2\"></span>t in Se<span class=\"_ _2\"></span>ptemb<span class=\"_ _2\"></span>er 2019. Th<span class=\"_ _2\"></span>e dis<span class=\"_ _2\"></span>trib<span class=\"_ _2\"></span>utab<span class=\"_ _2\"></span>le reser<span class=\"_ _2\"></span>ve w<span class=\"_ _2\"></span>as redu<span class=\"_ _2\"></span>ced by th<span class=\"_ _2\"></span>e dif<span class=\"_ _2\"></span>ference b<span class=\"_ _2\"></span>etwe<span class=\"_ _2\"></span>en th<span class=\"_ _2\"></span>e fair v<span class=\"_ _2\"></span>alue of t<span class=\"_ _2\"></span>he sha<span class=\"_ _2\"></span>res all<span class=\"_ _2\"></span>otted by t<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany, in exchan<span class=\"_ _2\"></span>ge for th<span class=\"_ _2\"></span>e share<span class=\"_ _2\"></span>s of T<span class=\"_ _0\"></span>arget H<span class=\"_ _2\"></span>ealth<span class=\"_ _2\"></span>care REI<span class=\"_ _2\"></span>T Lim<span class=\"_ _2\"></span>ited, an<span class=\"_ _2\"></span>d the s<span class=\"_ _2\"></span>tated c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al of T<span class=\"_ _0\"></span>arg<span class=\"_ _2\"></span>et Healt<span class=\"_ _2\"></span>hca<span class=\"_ _2\"></span>re REIT Lim<span class=\"_ _2\"></span>ited imm<span class=\"_ _2\"></span>edia<span class=\"_ _2\"></span>tely pri<span class=\"_ _2\"></span>or to the G<span class=\"_ _2\"></span>roup Re<span class=\"_ _2\"></span>const<span class=\"_ _2\"></span>ruct<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>is reser<span class=\"_ _2\"></span>ve is d<span class=\"_ _2\"></span>istr<span class=\"_ _2\"></span>ibut<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span>. Any div<span class=\"_ _2\"></span>ide<span class=\"_ _2\"></span>nds pa<span class=\"_ _2\"></span>id in exces<span class=\"_ _2\"></span>s of the b<span class=\"_ _2\"></span>alan<span class=\"_ _2\"></span>ce of the reve<span class=\"_ _2\"></span>nue res<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ve in th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny Fina<span class=\"_ _2\"></span>ncial St<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts w<span class=\"_ _2\"></span>ill be charged<span class=\"_ _0\"></span> to this<span class=\"_ _0\"></span> reserve.<span class=\"_ _231\"> </span>He<span class=\"_ _2\"></span>dgin<span class=\"_ _2\"></span>g Res<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ve<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e follow<span class=\"_ _2\"></span>ing are a<span class=\"_ _2\"></span>ccounted for i<span class=\"_ _2\"></span>n the he<span class=\"_ _2\"></span>dgi<span class=\"_ _2\"></span>ng rese<span class=\"_ _2\"></span>rve:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">In<span class=\"_ _2\"></span>creases a<span class=\"_ _2\"></span>nd decre<span class=\"_ _2\"></span>ases in t<span class=\"_ _2\"></span>he fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e of interes<span class=\"_ _2\"></span>t rate der<span class=\"_ _2\"></span>ivat<span class=\"_ _2\"></span>ives he<span class=\"_ _2\"></span>ld at th<span class=\"_ _2\"></span>e per<span class=\"_ _2\"></span>iod en<span class=\"_ _2\"></span>d.<span class=\"_ _231\"> </span></span>Ca<span class=\"_ _2\"></span>pit<span class=\"_ _2\"></span>al Res<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ve<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e follow<span class=\"_ _2\"></span>ing are a<span class=\"_ _2\"></span>ccounted for i<span class=\"_ _2\"></span>n the ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l reser<span class=\"_ _2\"></span>ve:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Ga<span class=\"_ _2\"></span>ins an<span class=\"_ _2\"></span>d losse<span class=\"_ _2\"></span>s on th<span class=\"_ _2\"></span>e disp<span class=\"_ _2\"></span>osal of i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>es;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Ga<span class=\"_ _2\"></span>ins an<span class=\"_ _2\"></span>d losse<span class=\"_ _2\"></span>s on th<span class=\"_ _2\"></span>e disp<span class=\"_ _2\"></span>osal of p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es he<span class=\"_ _2\"></span>ld for sa<span class=\"_ _2\"></span>le;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">In<span class=\"_ _2\"></span>creases a<span class=\"_ _2\"></span>nd decre<span class=\"_ _2\"></span>ases in t<span class=\"_ _2\"></span>he fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e of inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties a<span class=\"_ _2\"></span>nd prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s held fo<span class=\"_ _2\"></span>r sale w<span class=\"_ _2\"></span>hich are h<span class=\"_ _2\"></span>eld at th<span class=\"_ _2\"></span>e per<span class=\"_ _2\"></span>iod e<span class=\"_ _2\"></span>nd;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ls45 ws24\">Rent<span class=\"_ _1\"></span> adjustments which<span class=\"_ _0\"></span> represent<span class=\"_ _0\"></span> the effect of<span class=\"_ _0\"></span> spreading uplifts and inc<span class=\"_ _0\"></span>entives<span class=\"_ _1\"></span>;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Ot<span class=\"_ _2\"></span>her ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es or f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ce costs ch<span class=\"_ _2\"></span>arge<span class=\"_ _2\"></span>d to the cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l column of t<span class=\"_ _2\"></span>he State<span class=\"_ _2\"></span>ment of Co<span class=\"_ _2\"></span>mpreh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">T<span class=\"_ _0\"></span>axat<span class=\"_ _2\"></span>ion ar<span class=\"_ _2\"></span>isin<span class=\"_ _2\"></span>g on the a<span class=\"_ _2\"></span>cquisi<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>r disp<span class=\"_ _2\"></span>osal of i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es or p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>es he<span class=\"_ _2\"></span>ld for sa<span class=\"_ _2\"></span>le;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Recove<span class=\"_ _2\"></span>ry o<span class=\"_ _2\"></span>f any cost<span class=\"_ _2\"></span>/tax w<span class=\"_ _2\"></span>here th<span class=\"_ _2\"></span>e ori<span class=\"_ _2\"></span>gina<span class=\"_ _2\"></span>l expe<span class=\"_ _2\"></span>nse/ta<span class=\"_ _2\"></span>x has al<span class=\"_ _2\"></span>so be<span class=\"_ _2\"></span>en cha<span class=\"_ _2\"></span>rged to ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l; and<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e buy<span class=\"_ _2\"></span>back of s<span class=\"_ _2\"></span>hares i<span class=\"_ _2\"></span>nto, and res<span class=\"_ _2\"></span>ale of sh<span class=\"_ _2\"></span>ares fro<span class=\"_ _2\"></span>m, treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></span>Reven<span class=\"_ _2\"></span>ue Re<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>ve<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e net prof<span class=\"_ _2\"></span>it/(los<span class=\"_ _2\"></span>s) arisi<span class=\"_ _2\"></span>ng in th<span class=\"_ _2\"></span>e revenu<span class=\"_ _2\"></span>e column o<span class=\"_ _2\"></span>f the State<span class=\"_ _2\"></span>ment of Co<span class=\"_ _2\"></span>mpre<span class=\"_ _2\"></span>hensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e is ad<span class=\"_ _2\"></span>ded to or d<span class=\"_ _2\"></span>edu<span class=\"_ _2\"></span>cted fro<span class=\"_ _2\"></span>m this rese<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ve whi<span class=\"_ _2\"></span>ch, in a<span class=\"_ _2\"></span>dditi<span class=\"_ _2\"></span>on to the d<span class=\"_ _2\"></span>istr<span class=\"_ _2\"></span>ibut<span class=\"_ _2\"></span>able re<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>ve, is ava<span class=\"_ _2\"></span>ilab<span class=\"_ _2\"></span>le for pay<span class=\"_ _2\"></span>ing d<span class=\"_ _2\"></span>ivid<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span>s.",
   "dimensions": {
    "concept": "targethealthcare:DescriptionOfAccountingPolicyForReserves",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-378": {
   "value": "Share Premium<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e share p<span class=\"_ _2\"></span>remiu<span class=\"_ _2\"></span>m account rep<span class=\"_ _2\"></span>resen<span class=\"_ _2\"></span>ts th<span class=\"_ _2\"></span>e dif<span class=\"_ _2\"></span>ference b<span class=\"_ _2\"></span>etw<span class=\"_ _2\"></span>een th<span class=\"_ _2\"></span>e issu<span class=\"_ _2\"></span>e price of s<span class=\"_ _2\"></span>hares a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>eir no<span class=\"_ _2\"></span>mina<span class=\"_ _2\"></span>l valu<span class=\"_ _2\"></span>e (excludi<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>ose issu<span class=\"_ _2\"></span>ed as par<span class=\"_ _2\"></span>t of th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p recons<span class=\"_ _2\"></span>truc<span class=\"_ _2\"></span>tion). Th<span class=\"_ _2\"></span>is rese<span class=\"_ _2\"></span>rve is n<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>distr<span class=\"_ _2\"></span>ibut<span class=\"_ _2\"></span>abl<span class=\"_ _2\"></span>e.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-350": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs1ac\">2<span class=\"_ _2\"></span>. F<span class=\"_ _0\"></span>ee paid to t<span class=\"_ _0\"></span>he Inv<span class=\"_ _1\"></span>estmen<span class=\"_ _0\"></span>t Manager<span class=\"_ _231\"> </span></div><div class=\"gs1ad\"><table class=\"s w14a hb9\" id=\"_a82e334e-bd1b-4825-94b4-917b160b272c\"><tr><td></td><td class=\"t m0 x29f h1d y1901 ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y1901 ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1902 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1902 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1903 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1903 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y18e4 w48 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Investmen<span class=\"_ _0\"></span>t management fee<span class=\"_ _231\"> </span></div></td><td class=\"c n x2db y18e4 w14b hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">7,<span class=\"_ _5\"></span>8<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td><td class=\"c n x2dc y18e4 w14c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">7,<span class=\"_ _5\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x2db y18da w14b hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">7,<span class=\"_ _5\"></span>8<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td><td class=\"c n x2dc y18da w14c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">7,<span class=\"_ _5\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs1ae\">The Group\u2019<span class=\"_ _0\"></span>s Investmen<span class=\"_ _0\"></span>t Manager and Alt<span class=\"_ _0\"></span>ernative In<span class=\"_ _0\"></span>vestment F<span class=\"_ _0\"></span>und Manager (\u2018<span class=\"_ _0\"></span>AIFM\u2019) is<span class=\"_ _0\"></span> T<span class=\"_ _0\"></span>arget F<span class=\"_ _0\"></span>und Managers Limit<span class=\"_ _0\"></span>ed. The Inv<span class=\"_ _1\"></span>estment Manager </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1af\">is ent<span class=\"_ _2\"></span>itled to an a<span class=\"_ _2\"></span>nnu<span class=\"_ _2\"></span>al man<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>ment fe<span class=\"_ _2\"></span>e calcu<span class=\"_ _2\"></span>lated on a t<span class=\"_ _2\"></span>iered b<span class=\"_ _2\"></span>asis bas<span class=\"_ _2\"></span>ed on t<span class=\"_ _2\"></span>he net as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup as se<span class=\"_ _2\"></span>t out be<span class=\"_ _2\"></span>low. Where a<span class=\"_ _2\"></span>ppli<span class=\"_ _2\"></span>cab<span class=\"_ _2\"></span>le, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1b0\">VA<span class=\"_ _0\"></span>T is paya<span class=\"_ _2\"></span>ble in a<span class=\"_ _2\"></span>ddit<span class=\"_ _2\"></span>ion.<span class=\"_ _231\"> </span></div><div class=\"gs1b1\"><table class=\"s w14d hba\" id=\"_c526086a-6c07-4447-ba79-7929eeb0125e\"><tr><td></td><td class=\"t m0 x2dd hd y1904 ff25 fs8 fc1 sc0 ls1d ws18\">Management f<span class=\"_ _0\"></span>ee </td></tr><tr><td class=\"t m0 x164 hd y1905 ff25 fs8 fc1 sc0 ls1c ws1\">Net a<span class=\"_ _2\"></span>sse<span class=\"_ _2\"></span>ts of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y1905 ff25 fs8 fc1 sc0 ls1d ws9a\">perc<span class=\"_ _1\"></span>entage<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1906 w14e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Up to an<span class=\"_ _2\"></span>d inclu<span class=\"_ _2\"></span>ding \u00a3<span class=\"_ _2\"></span>500 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n<span class=\"_ _231\"> </span></div></td><td class=\"c n x2de y1906 w14f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls59 ws57\">1.05<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1907 w150 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Ab<span class=\"_ _2\"></span>ove \u00a3500 m<span class=\"_ _2\"></span>illi<span class=\"_ _2\"></span>on and u<span class=\"_ _2\"></span>p to and in<span class=\"_ _2\"></span>cludi<span class=\"_ _2\"></span>ng \u00a3750 m<span class=\"_ _2\"></span>illio<span class=\"_ _2\"></span>n<span class=\"_ _231\"> </span></div></td><td class=\"c n x2df y1907 w151 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls75 ws47\">0.95<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1908 w152 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Ab<span class=\"_ _2\"></span>ove \u00a3750 mi<span class=\"_ _2\"></span>llion a<span class=\"_ _2\"></span>nd up to an<span class=\"_ _2\"></span>d inclu<span class=\"_ _2\"></span>din<span class=\"_ _2\"></span>g \u00a31 bil<span class=\"_ _2\"></span>lion<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e0 y1908 w153 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls75 ws47\">0.85<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1909 w154 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Ab<span class=\"_ _2\"></span>ove \u00a31 bi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n and up to an<span class=\"_ _2\"></span>d incl<span class=\"_ _2\"></span>udin<span class=\"_ _2\"></span>g \u00a31<span class=\"_ _2\"></span>.5 bi<span class=\"_ _2\"></span>llion<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e1 y1909 w155 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4f ws12\">0.75<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w156 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Ab<span class=\"_ _2\"></span>ove \u00a31<span class=\"_ _2\"></span>.5 bi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e2 y18da w151 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls75 ws47\">0.65<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1b2\">Th<span class=\"_ _2\"></span>e Inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t Mana<span class=\"_ _2\"></span>ger is e<span class=\"_ _2\"></span>ntitle<span class=\"_ _2\"></span>d to an add<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>nal fee of \u00a3<span class=\"_ _2\"></span>160,00<span class=\"_ _2\"></span>0 per a<span class=\"_ _2\"></span>nnum (<span class=\"_ _2\"></span>plus VA<span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>), increa<span class=\"_ _2\"></span>sing a<span class=\"_ _2\"></span>nnua<span class=\"_ _2\"></span>lly in li<span class=\"_ _2\"></span>ne wit<span class=\"_ _2\"></span>h infl<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>, in rel<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1b3\">to its a<span class=\"_ _2\"></span>ppo<span class=\"_ _2\"></span>intm<span class=\"_ _2\"></span>ent as Com<span class=\"_ _2\"></span>pany S<span class=\"_ _2\"></span>ecretar<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>nd Adm<span class=\"_ _2\"></span>inis<span class=\"_ _2\"></span>trator to th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1b4\">Th<span class=\"_ _2\"></span>e Inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t Mana<span class=\"_ _2\"></span>gem<span class=\"_ _2\"></span>ent Ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt can b<span class=\"_ _2\"></span>e termi<span class=\"_ _2\"></span>nated by ei<span class=\"_ _2\"></span>ther p<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ty o<span class=\"_ _2\"></span>n 2<span class=\"_ _0\"></span>4 mo<span class=\"_ _2\"></span>nths\u2019 wr<span class=\"_ _2\"></span>itten n<span class=\"_ _2\"></span>otice. S<span class=\"_ _2\"></span>houl<span class=\"_ _2\"></span>d the Com<span class=\"_ _2\"></span>pany ter<span class=\"_ _2\"></span>mina<span class=\"_ _2\"></span>te the </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs1b5\">Investmen<span class=\"_ _0\"></span>t Management Agreement<span class=\"_ _0\"></span> earlier then c<span class=\"_ _0\"></span>ompensation in lieu<span class=\"_ _0\"></span> of notice<span class=\"_ _0\"></span> will be payabl<span class=\"_ _1\"></span>e t<span class=\"_ _0\"></span>o the Inv<span class=\"_ _0\"></span>es<span class=\"_ _2\"></span>tment<span class=\"_ _0\"></span> Manager<span class=\"_ _0\"></span>. The Investment </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1b6\">Man<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>ment A<span class=\"_ _2\"></span>greem<span class=\"_ _2\"></span>ent may b<span class=\"_ _2\"></span>e termi<span class=\"_ _2\"></span>nated im<span class=\"_ _2\"></span>med<span class=\"_ _2\"></span>iately wi<span class=\"_ _2\"></span>thout co<span class=\"_ _2\"></span>mpe<span class=\"_ _2\"></span>nsati<span class=\"_ _2\"></span>on if th<span class=\"_ _2\"></span>e Inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t Mana<span class=\"_ _2\"></span>ger: is i<span class=\"_ _2\"></span>n materi<span class=\"_ _2\"></span>al brea<span class=\"_ _2\"></span>ch of the </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1b7\">ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt; is gu<span class=\"_ _2\"></span>ilt<span class=\"_ _2\"></span>y of neg<span class=\"_ _2\"></span>lige<span class=\"_ _2\"></span>nce, wil<span class=\"_ _2\"></span>ful de<span class=\"_ _2\"></span>fault o<span class=\"_ _2\"></span>r fra<span class=\"_ _2\"></span>ud; is the s<span class=\"_ _2\"></span>ubje<span class=\"_ _2\"></span>ct of ins<span class=\"_ _2\"></span>olven<span class=\"_ _2\"></span>cy pro<span class=\"_ _2\"></span>ceedi<span class=\"_ _2\"></span>ngs; or th<span class=\"_ _2\"></span>ere occur<span class=\"_ _2\"></span>s a chang<span class=\"_ _2\"></span>e of Key Man<span class=\"_ _2\"></span>ager<span class=\"_ _2\"></span>s </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1b8\">to whi<span class=\"_ _2\"></span>ch the Bo<span class=\"_ _2\"></span>ard has n<span class=\"_ _2\"></span>ot give<span class=\"_ _2\"></span>n its p<span class=\"_ _2\"></span>rior co<span class=\"_ _2\"></span>nsent<span class=\"_ _2\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-351": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs1ba\">3. Other ex<span class=\"_ _0\"></span>penses </div><div class=\"gs1bb\"><table class=\"s w14a hbb\" id=\"_1aa6ed3b-d3a0-44f2-822c-7331b05bf400\"><tr><td></td><td class=\"t m0 x29f h1d y190a ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y190a ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y190b ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y190b ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y190c ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y190c ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y190d w157 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls4 ws1\">T<span class=\"_ _0\"></span>ota<span class=\"_ _2\"></span>l movem<span class=\"_ _2\"></span>ent in cre<span class=\"_ _2\"></span>dit loss a<span class=\"_ _2\"></span>llowa<span class=\"_ _2\"></span>nce<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e3 y190d w158 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>,612<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e4 y190d w159 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls20 ws58\">962<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y190e w15a haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls45 ws24\">Bad debts wri<span class=\"_ _1\"></span>tten o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e5 y190e w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e6 y190e w2b haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y190f w15b hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls4 ws1\">Cre<span class=\"_ _2\"></span>dit loss a<span class=\"_ _2\"></span>llowanc<span class=\"_ _2\"></span>e charg<span class=\"_ _2\"></span>e<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e7 y190f w158 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>,612<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e8 y190f w159 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls20 ws58\">962<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1910 w15c haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls4 ws1\">Valuat<span class=\"_ _2\"></span>ion an<span class=\"_ _2\"></span>d othe<span class=\"_ _2\"></span>r profes<span class=\"_ _2\"></span>siona<span class=\"_ _2\"></span>l fees<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e9 y1910 w15d hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>,601<span class=\"_ _231\"> </span></div></td><td class=\"c n x2ea y1910 w15e haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 lsb1 wsb4\">1<span class=\"_ _2\"></span>,107<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"t m0 x164 h17 y1911 ff25 fs2 fc1 sc0 ls46 ws43\">Audit<span class=\"_ _0\"></span>or\u2019s r<span class=\"_ _0\"></span>emuneration f<span class=\"_ _0\"></span>or:<span class=\"_ _231\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x165 y1912 w15f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">\u2013 st<span class=\"_ _2\"></span>atutor<span class=\"_ _2\"></span>y au<span class=\"_ _2\"></span>dit of th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny<span class=\"_ _231\"> </span></div></td><td class=\"c n x2eb y1912 w160 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">167<span class=\"_ _231\"> </span></div></td><td class=\"c n x2ec y1912 w161 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">181<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1913 w162 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">\u2013 st<span class=\"_ _2\"></span>atutor<span class=\"_ _2\"></span>y au<span class=\"_ _2\"></span>dit of th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny\u2019s su<span class=\"_ _2\"></span>bsidia<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x2ed y1913 w163 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">286<span class=\"_ _231\"> </span></div></td><td class=\"c n x2ee y1913 w164 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">27<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1914 w165 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">\u2013 revie<span class=\"_ _2\"></span>w of interi<span class=\"_ _2\"></span>m fina<span class=\"_ _2\"></span>ncia<span class=\"_ _2\"></span>l inform<span class=\"_ _2\"></span>ation<span class=\"_ _231\"> </span></div></td><td class=\"c n x2ef y1914 w166 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls75 ws47\">17<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f0 y1914 w167 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">16<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1915 w168 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls7c ws67\">Other t<span class=\"_ _1\"></span>axat<span class=\"_ _0\"></span>ion compl<span class=\"_ _0\"></span>iance<span class=\"_ _1\"></span> and advi<span class=\"_ _0\"></span>sor<span class=\"_ _2\"></span>y*<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f1 y1915 w169 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls47 ws40\">382<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f2 y1915 w16a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">271<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1916 w16b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls49 ws89\">Di<span class=\"_ _2\"></span>rec<span class=\"_ _2\"></span>t pro<span class=\"_ _2\"></span>pe<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y cost<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f3 y1916 w16c hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">267<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f4 y1916 w16d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">199<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1917 w16e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Secr<span class=\"_ _1\"></span>etarial and<span class=\"_ _0\"></span> administration f<span class=\"_ _1\"></span>ees<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f5 y1917 w16f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls6c wsa4\">229<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f6 y1917 w170 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">2<span class=\"_ _2\"></span>29<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1918 w171 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws45\">Direct<span class=\"_ _0\"></span>ors\u2019 f<span class=\"_ _0\"></span>ees<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f7 y1918 w172 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls20 ws58\">227<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f8 y1918 w173 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">227<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1919 w174 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls41 ws3e\">Public relations and mark<span class=\"_ _0\"></span>eting<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f9 y1919 w175 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls43 ws9b\">185<span class=\"_ _231\"> </span></div></td><td class=\"c n x2fa y1919 w176 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls6c wsa4\">179<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191a w177 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls7c ws67\">Prin<span class=\"_ _0\"></span>ting, postage<span class=\"_ _0\"></span> and webs<span class=\"_ _0\"></span>ite<span class=\"_ _231\"> </span></div></td><td class=\"c n x2fb y191a w178 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls47 ws40\">146<span class=\"_ _231\"> </span></div></td><td class=\"c n x2fc y191a w179 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls57 ws54\">100<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191b w17a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Listing and<span class=\"_ _1\"></span> Registrar<span class=\"_ _0\"></span> fees<span class=\"_ _231\"> </span></div></td><td class=\"c n x2fd y191b w17b hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls48 ws6e\">134<span class=\"_ _231\"> </span></div></td><td class=\"c n x2fe y191b w17c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15c ws41\">115<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191c w17d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15c wsb1\">Abortive<span class=\"_ _0\"></span> costs<span class=\"_ _231\"> </span></div></td><td class=\"c n x2ff y191c w17e hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls20 ws58\">81<span class=\"_ _231\"> </span></div></td><td class=\"c n x300 y191c w31 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">9<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191d w17f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls7c ws70\">Other<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f9 y191d w175 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls43 ws9b\">185<span class=\"_ _231\"> </span></div></td><td class=\"c n x301 y191d w180 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">164<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w181 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls48 ws45\">T<span class=\"_ _0\"></span>otal<span class=\"_ _0\"></span> other ex<span class=\"_ _0\"></span>penses<span class=\"_ _231\"> </span></div></td><td class=\"c n x302 y18da w182 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls159 ws16f\">3,<span class=\"_ _2\"></span>907<span class=\"_ _231\"> </span></div></td><td class=\"c n x303 y18da w183 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15a ws170\">3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>74<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 hd ff25 fs8 fc1 sc0 ls1c ws1 gs1bc\">* <span class=\"_ _29\"> </span>Th<span class=\"_ _2\"></span>e oth<span class=\"_ _2\"></span>er ta<span class=\"_ _2\"></span>xat<span class=\"_ _2\"></span>ion co<span class=\"_ _2\"></span>mpl<span class=\"_ _2\"></span>ian<span class=\"_ _2\"></span>ce and a<span class=\"_ _2\"></span>dvi<span class=\"_ _2\"></span>sor<span class=\"_ _2\"></span>y fe<span class=\"_ _2\"></span>es were a<span class=\"_ _2\"></span>ll pa<span class=\"_ _2\"></span>id to pa<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r tha<span class=\"_ _2\"></span>n the Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ny\u2019s A<span class=\"_ _2\"></span>udi<span class=\"_ _2\"></span>tor.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1bd\">Th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>ers of t<span class=\"_ _2\"></span>he inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span>, CBRE L<span class=\"_ _2\"></span>imited, h<span class=\"_ _2\"></span>ave agre<span class=\"_ _2\"></span>ed to provi<span class=\"_ _2\"></span>de val<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>n ser<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>ces in resp<span class=\"_ _2\"></span>ect of t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y por<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio. <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1be\">Th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>ation a<span class=\"_ _2\"></span>gree<span class=\"_ _2\"></span>ment s<span class=\"_ _2\"></span>tates th<span class=\"_ _2\"></span>at ann<span class=\"_ _2\"></span>ual fee<span class=\"_ _2\"></span>s will b<span class=\"_ _2\"></span>e paya<span class=\"_ _2\"></span>ble qu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span>ly at a rate of \u00a361<span class=\"_ _0\"></span>4 p<span class=\"_ _2\"></span>er prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty p<span class=\"_ _2\"></span>er qu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ter (incl<span class=\"_ _2\"></span>udin<span class=\"_ _2\"></span>g V<span class=\"_ _0\"></span>AT).<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1bf\">Du<span class=\"_ _2\"></span>ring t<span class=\"_ _2\"></span>he year e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025, th<span class=\"_ _2\"></span>e Group i<span class=\"_ _2\"></span>ncur<span class=\"_ _2\"></span>red add<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>nal on<span class=\"_ _2\"></span>e-<span class=\"_ _2\"></span>of<span class=\"_ _2\"></span>f cost<span class=\"_ _2\"></span>s relate<span class=\"_ _2\"></span>d t<span class=\"_ _1\"></span>o the a<span class=\"_ _2\"></span>dmi<span class=\"_ _2\"></span>nist<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n of the ten<span class=\"_ _2\"></span>ant ent<span class=\"_ _2\"></span>ity a<span class=\"_ _2\"></span>t one of </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1c0\">it<span class=\"_ _2\"></span>s care ho<span class=\"_ _2\"></span>me prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>hese a<span class=\"_ _2\"></span>re prim<span class=\"_ _2\"></span>aril<span class=\"_ _2\"></span>y inclu<span class=\"_ _2\"></span>ded in \u2018<span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>ation a<span class=\"_ _2\"></span>nd oth<span class=\"_ _2\"></span>er profes<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span>al fee<span class=\"_ _2\"></span>s\u2019 above. Fur<span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>er det<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>s are provid<span class=\"_ _2\"></span>ed in t<span class=\"_ _2\"></span>he cas<span class=\"_ _2\"></span>e </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs1c1\">study enti<span class=\"_ _0\"></span>tled \u2018Successful<span class=\"_ _1\"></span> re-tenanti<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> af<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>er operator in<span class=\"_ _0\"></span> administration\u2019<span class=\"_ _1\"></span> on page 19<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1c2\">Ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es are in<span class=\"_ _2\"></span>clusive o<span class=\"_ _2\"></span>f irrecover<span class=\"_ _2\"></span>able VA<span class=\"_ _0\"></span>T as t<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany, and th<span class=\"_ _2\"></span>e majo<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y of it<span class=\"_ _2\"></span>s subsi<span class=\"_ _2\"></span>diari<span class=\"_ _2\"></span>es, a<span class=\"_ _2\"></span>re not VA<span class=\"_ _0\"></span>T regis<span class=\"_ _2\"></span>tered.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-379": {
   "value": "3. Other ex<span class=\"_ _0\"></span>penses <table class=\"s w14a hbb\" id=\"_1aa6ed3b-d3a0-44f2-822c-7331b05bf400\"><tr><td></td><td class=\"t m0 x29f h1d y190a ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y190a ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y190b ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y190b ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y190c ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y190c ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y190d w157 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls4 ws1\">T<span class=\"_ _0\"></span>ota<span class=\"_ _2\"></span>l movem<span class=\"_ _2\"></span>ent in cre<span class=\"_ _2\"></span>dit loss a<span class=\"_ _2\"></span>llowa<span class=\"_ _2\"></span>nce<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e3 y190d w158 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>,612<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e4 y190d w159 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls20 ws58\">962<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y190e w15a haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls45 ws24\">Bad debts wri<span class=\"_ _1\"></span>tten o<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e5 y190e w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e6 y190e w2b haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y190f w15b hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls4 ws1\">Cre<span class=\"_ _2\"></span>dit loss a<span class=\"_ _2\"></span>llowanc<span class=\"_ _2\"></span>e charg<span class=\"_ _2\"></span>e<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e7 y190f w158 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>,612<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e8 y190f w159 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls20 ws58\">962<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1910 w15c haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls4 ws1\">Valuat<span class=\"_ _2\"></span>ion an<span class=\"_ _2\"></span>d othe<span class=\"_ _2\"></span>r profes<span class=\"_ _2\"></span>siona<span class=\"_ _2\"></span>l fees<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e9 y1910 w15d hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>,601<span class=\"_ _231\"> </span></div></td><td class=\"c n x2ea y1910 w15e haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 lsb1 wsb4\">1<span class=\"_ _2\"></span>,107<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"t m0 x164 h17 y1911 ff25 fs2 fc1 sc0 ls46 ws43\">Audit<span class=\"_ _0\"></span>or\u2019s r<span class=\"_ _0\"></span>emuneration f<span class=\"_ _0\"></span>or:<span class=\"_ _231\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x165 y1912 w15f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">\u2013 st<span class=\"_ _2\"></span>atutor<span class=\"_ _2\"></span>y au<span class=\"_ _2\"></span>dit of th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny<span class=\"_ _231\"> </span></div></td><td class=\"c n x2eb y1912 w160 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">167<span class=\"_ _231\"> </span></div></td><td class=\"c n x2ec y1912 w161 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">181<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1913 w162 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">\u2013 st<span class=\"_ _2\"></span>atutor<span class=\"_ _2\"></span>y au<span class=\"_ _2\"></span>dit of th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny\u2019s su<span class=\"_ _2\"></span>bsidia<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x2ed y1913 w163 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">286<span class=\"_ _231\"> </span></div></td><td class=\"c n x2ee y1913 w164 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">27<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1914 w165 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">\u2013 revie<span class=\"_ _2\"></span>w of interi<span class=\"_ _2\"></span>m fina<span class=\"_ _2\"></span>ncia<span class=\"_ _2\"></span>l inform<span class=\"_ _2\"></span>ation<span class=\"_ _231\"> </span></div></td><td class=\"c n x2ef y1914 w166 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls75 ws47\">17<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f0 y1914 w167 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">16<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1915 w168 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls7c ws67\">Other t<span class=\"_ _1\"></span>axat<span class=\"_ _0\"></span>ion compl<span class=\"_ _0\"></span>iance<span class=\"_ _1\"></span> and advi<span class=\"_ _0\"></span>sor<span class=\"_ _2\"></span>y*<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f1 y1915 w169 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls47 ws40\">382<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f2 y1915 w16a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">271<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1916 w16b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls49 ws89\">Di<span class=\"_ _2\"></span>rec<span class=\"_ _2\"></span>t pro<span class=\"_ _2\"></span>pe<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y cost<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f3 y1916 w16c hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">267<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f4 y1916 w16d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">199<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1917 w16e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Secr<span class=\"_ _1\"></span>etarial and<span class=\"_ _0\"></span> administration f<span class=\"_ _1\"></span>ees<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f5 y1917 w16f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls6c wsa4\">229<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f6 y1917 w170 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">2<span class=\"_ _2\"></span>29<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1918 w171 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws45\">Direct<span class=\"_ _0\"></span>ors\u2019 f<span class=\"_ _0\"></span>ees<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f7 y1918 w172 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls20 ws58\">227<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f8 y1918 w173 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">227<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1919 w174 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls41 ws3e\">Public relations and mark<span class=\"_ _0\"></span>eting<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f9 y1919 w175 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls43 ws9b\">185<span class=\"_ _231\"> </span></div></td><td class=\"c n x2fa y1919 w176 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls6c wsa4\">179<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191a w177 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls7c ws67\">Prin<span class=\"_ _0\"></span>ting, postage<span class=\"_ _0\"></span> and webs<span class=\"_ _0\"></span>ite<span class=\"_ _231\"> </span></div></td><td class=\"c n x2fb y191a w178 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls47 ws40\">146<span class=\"_ _231\"> </span></div></td><td class=\"c n x2fc y191a w179 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls57 ws54\">100<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191b w17a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Listing and<span class=\"_ _1\"></span> Registrar<span class=\"_ _0\"></span> fees<span class=\"_ _231\"> </span></div></td><td class=\"c n x2fd y191b w17b hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls48 ws6e\">134<span class=\"_ _231\"> </span></div></td><td class=\"c n x2fe y191b w17c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15c ws41\">115<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191c w17d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15c wsb1\">Abortive<span class=\"_ _0\"></span> costs<span class=\"_ _231\"> </span></div></td><td class=\"c n x2ff y191c w17e hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls20 ws58\">81<span class=\"_ _231\"> </span></div></td><td class=\"c n x300 y191c w31 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">9<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191d w17f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls7c ws70\">Other<span class=\"_ _231\"> </span></div></td><td class=\"c n x2f9 y191d w175 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls43 ws9b\">185<span class=\"_ _231\"> </span></div></td><td class=\"c n x301 y191d w180 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">164<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w181 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls48 ws45\">T<span class=\"_ _0\"></span>otal<span class=\"_ _0\"></span> other ex<span class=\"_ _0\"></span>penses<span class=\"_ _231\"> </span></div></td><td class=\"c n x302 y18da w182 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls159 ws16f\">3,<span class=\"_ _2\"></span>907<span class=\"_ _231\"> </span></div></td><td class=\"c n x303 y18da w183 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15a ws170\">3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>74<span class=\"_ _231\"> </span></div></td></tr></table>* <span class=\"_ _29\"> </span>Th<span class=\"_ _2\"></span>e oth<span class=\"_ _2\"></span>er ta<span class=\"_ _2\"></span>xat<span class=\"_ _2\"></span>ion co<span class=\"_ _2\"></span>mpl<span class=\"_ _2\"></span>ian<span class=\"_ _2\"></span>ce and a<span class=\"_ _2\"></span>dvi<span class=\"_ _2\"></span>sor<span class=\"_ _2\"></span>y fe<span class=\"_ _2\"></span>es were a<span class=\"_ _2\"></span>ll pa<span class=\"_ _2\"></span>id to pa<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r tha<span class=\"_ _2\"></span>n the Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ny\u2019s A<span class=\"_ _2\"></span>udi<span class=\"_ _2\"></span>tor.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>ers of t<span class=\"_ _2\"></span>he inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span>, CBRE L<span class=\"_ _2\"></span>imited, h<span class=\"_ _2\"></span>ave agre<span class=\"_ _2\"></span>ed to provi<span class=\"_ _2\"></span>de val<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>n ser<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>ces in resp<span class=\"_ _2\"></span>ect of t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y por<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio. <span class=\"ls1\"> </span>Th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>ation a<span class=\"_ _2\"></span>gree<span class=\"_ _2\"></span>ment s<span class=\"_ _2\"></span>tates th<span class=\"_ _2\"></span>at ann<span class=\"_ _2\"></span>ual fee<span class=\"_ _2\"></span>s will b<span class=\"_ _2\"></span>e paya<span class=\"_ _2\"></span>ble qu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span>ly at a rate of \u00a361<span class=\"_ _0\"></span>4 p<span class=\"_ _2\"></span>er prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty p<span class=\"_ _2\"></span>er qu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ter (incl<span class=\"_ _2\"></span>udin<span class=\"_ _2\"></span>g V<span class=\"_ _0\"></span>AT).<span class=\"_ _231\"> </span>Du<span class=\"_ _2\"></span>ring t<span class=\"_ _2\"></span>he year e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025, th<span class=\"_ _2\"></span>e Group i<span class=\"_ _2\"></span>ncur<span class=\"_ _2\"></span>red add<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>nal on<span class=\"_ _2\"></span>e-<span class=\"_ _2\"></span>of<span class=\"_ _2\"></span>f cost<span class=\"_ _2\"></span>s relate<span class=\"_ _2\"></span>d t<span class=\"_ _1\"></span>o the a<span class=\"_ _2\"></span>dmi<span class=\"_ _2\"></span>nist<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n of the ten<span class=\"_ _2\"></span>ant ent<span class=\"_ _2\"></span>ity a<span class=\"_ _2\"></span>t one of it<span class=\"_ _2\"></span>s care ho<span class=\"_ _2\"></span>me prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>hese a<span class=\"_ _2\"></span>re prim<span class=\"_ _2\"></span>aril<span class=\"_ _2\"></span>y inclu<span class=\"_ _2\"></span>ded in \u2018<span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>ation a<span class=\"_ _2\"></span>nd oth<span class=\"_ _2\"></span>er profes<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span>al fee<span class=\"_ _2\"></span>s\u2019 above. Fur<span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>er det<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>s are provid<span class=\"_ _2\"></span>ed in t<span class=\"_ _2\"></span>he cas<span class=\"_ _2\"></span>e study enti<span class=\"_ _0\"></span>tled \u2018Successful<span class=\"_ _1\"></span> re-tenanti<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _0\"></span> af<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>er operator in<span class=\"_ _0\"></span> administration\u2019<span class=\"_ _1\"></span> on page 19<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es are in<span class=\"_ _2\"></span>clusive o<span class=\"_ _2\"></span>f irrecover<span class=\"_ _2\"></span>able VA<span class=\"_ _0\"></span>T as t<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany, and th<span class=\"_ _2\"></span>e majo<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y of it<span class=\"_ _2\"></span>s subsi<span class=\"_ _2\"></span>diari<span class=\"_ _2\"></span>es, a<span class=\"_ _2\"></span>re not VA<span class=\"_ _0\"></span>T regis<span class=\"_ _2\"></span>tered.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-352": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs1c4\">4. In<span class=\"_ _0\"></span>terest in<span class=\"_ _1\"></span>come<span class=\"_ _231\"> </span></div><div class=\"gs1ad\"><table class=\"s w14a hbc\" id=\"_fb4bed62-5c7e-4757-afbd-6e05f76bc088\"><tr><td></td><td class=\"t m0 x29f h1d y191e ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y191e ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y191f ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y191f ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1920 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1920 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y191d w184 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Dep<span class=\"_ _2\"></span>osit interest<span class=\"_ _231\"> </span></div></td><td class=\"c n x304 y191d w63 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">426<span class=\"_ _231\"> </span></div></td><td class=\"c n x305 y191d w64 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">66<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x304 y18da w63 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">426<span class=\"_ _231\"> </span></div></td><td class=\"c n x305 y18da w64 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">66<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs1c5\">5. Fina<span class=\"_ _0\"></span>nce costs<span class=\"_ _231\"> </span></div><div class=\"gs1c6\"><table class=\"s w14a hbd\" id=\"_fcc164ce-bbc4-4182-823f-d1fae043e2c2\"><tr><td></td><td class=\"t m0 x29f h1d y1921 ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y1921 ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1922 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1922 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1923 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1923 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1924 w185 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Int<span class=\"_ _0\"></span>erest paid on<span class=\"_ _0\"></span> loans<span class=\"_ _231\"> </span></div></td><td class=\"c n x306 y1924 w186 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,040<span class=\"_ _231\"> </span></div></td><td class=\"c n x307 y1924 w187 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">10<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w188 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tisat<span class=\"_ _2\"></span>ion of lo<span class=\"_ _2\"></span>an cost<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x308 y1925 w189 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">619<span class=\"_ _231\"> </span></div></td><td class=\"c n x309 y1925 w18a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls20 ws58\">621<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w18b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Fin<span class=\"_ _2\"></span>ance an<span class=\"_ _2\"></span>d tran<span class=\"_ _2\"></span>sac<span class=\"_ _2\"></span>tion cos<span class=\"_ _2\"></span>ts rel<span class=\"_ _2\"></span>atin<span class=\"_ _2\"></span>g to the interes<span class=\"_ _2\"></span>t rate ca<span class=\"_ _2\"></span>p<span class=\"_ _231\"> </span></div></td><td class=\"c n x30a y18e4 w18c hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">798<span class=\"_ _231\"> </span></div></td><td class=\"c n x30b y18e4 w18d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls63 ws64\">800<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x30c y18da w18e hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls2f ws62\">11<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>457<span class=\"_ _231\"> </span></div></td><td class=\"c n x30d y18da w18f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">1<span class=\"_ _2\"></span>1,666</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-409": {
   "value": "4. In<span class=\"_ _0\"></span>terest in<span class=\"_ _1\"></span>come<span class=\"_ _231\"> </span><table class=\"s w14a hbc\" id=\"_fb4bed62-5c7e-4757-afbd-6e05f76bc088\"><tr><td></td><td class=\"t m0 x29f h1d y191e ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y191e ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y191f ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y191f ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1920 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1920 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y191d w184 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Dep<span class=\"_ _2\"></span>osit interest<span class=\"_ _231\"> </span></div></td><td class=\"c n x304 y191d w63 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">426<span class=\"_ _231\"> </span></div></td><td class=\"c n x305 y191d w64 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">66<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x304 y18da w63 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">426<span class=\"_ _231\"> </span></div></td><td class=\"c n x305 y18da w64 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">66<span class=\"_ _231\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-403": {
   "value": "4. In<span class=\"_ _0\"></span>terest in<span class=\"_ _1\"></span>come<span class=\"_ _231\"> </span><table class=\"s w14a hbc\" id=\"_fb4bed62-5c7e-4757-afbd-6e05f76bc088\"><tr><td></td><td class=\"t m0 x29f h1d y191e ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y191e ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y191f ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y191f ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1920 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1920 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y191d w184 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Dep<span class=\"_ _2\"></span>osit interest<span class=\"_ _231\"> </span></div></td><td class=\"c n x304 y191d w63 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">426<span class=\"_ _231\"> </span></div></td><td class=\"c n x305 y191d w64 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">66<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x304 y18da w63 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">426<span class=\"_ _231\"> </span></div></td><td class=\"c n x305 y18da w64 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">66<span class=\"_ _231\"> </span></div></td></tr></table>5. Fina<span class=\"_ _0\"></span>nce costs<span class=\"_ _231\"> </span><table class=\"s w14a hbd\" id=\"_fcc164ce-bbc4-4182-823f-d1fae043e2c2\"><tr><td></td><td class=\"t m0 x29f h1d y1921 ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y1921 ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1922 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1922 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1923 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1923 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1924 w185 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Int<span class=\"_ _0\"></span>erest paid on<span class=\"_ _0\"></span> loans<span class=\"_ _231\"> </span></div></td><td class=\"c n x306 y1924 w186 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,040<span class=\"_ _231\"> </span></div></td><td class=\"c n x307 y1924 w187 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">10<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w188 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tisat<span class=\"_ _2\"></span>ion of lo<span class=\"_ _2\"></span>an cost<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x308 y1925 w189 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">619<span class=\"_ _231\"> </span></div></td><td class=\"c n x309 y1925 w18a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls20 ws58\">621<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w18b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Fin<span class=\"_ _2\"></span>ance an<span class=\"_ _2\"></span>d tran<span class=\"_ _2\"></span>sac<span class=\"_ _2\"></span>tion cos<span class=\"_ _2\"></span>ts rel<span class=\"_ _2\"></span>atin<span class=\"_ _2\"></span>g to the interes<span class=\"_ _2\"></span>t rate ca<span class=\"_ _2\"></span>p<span class=\"_ _231\"> </span></div></td><td class=\"c n x30a y18e4 w18c hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">798<span class=\"_ _231\"> </span></div></td><td class=\"c n x30b y18e4 w18d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls63 ws64\">800<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x30c y18da w18e hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls2f ws62\">11<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>457<span class=\"_ _231\"> </span></div></td><td class=\"c n x30d y18da w18f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">1<span class=\"_ _2\"></span>1,666</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-380": {
   "value": "4. In<span class=\"_ _0\"></span>terest in<span class=\"_ _1\"></span>come<span class=\"_ _231\"> </span><table class=\"s w14a hbc\" id=\"_fb4bed62-5c7e-4757-afbd-6e05f76bc088\"><tr><td></td><td class=\"t m0 x29f h1d y191e ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y191e ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y191f ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y191f ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1920 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1920 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y191d w184 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Dep<span class=\"_ _2\"></span>osit interest<span class=\"_ _231\"> </span></div></td><td class=\"c n x304 y191d w63 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">426<span class=\"_ _231\"> </span></div></td><td class=\"c n x305 y191d w64 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">66<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x304 y18da w63 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">426<span class=\"_ _231\"> </span></div></td><td class=\"c n x305 y18da w64 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">66<span class=\"_ _231\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-410": {
   "value": "5. Fina<span class=\"_ _0\"></span>nce costs<span class=\"_ _231\"> </span><table class=\"s w14a hbd\" id=\"_fcc164ce-bbc4-4182-823f-d1fae043e2c2\"><tr><td></td><td class=\"t m0 x29f h1d y1921 ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y1921 ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1922 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1922 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1923 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1923 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1924 w185 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Int<span class=\"_ _0\"></span>erest paid on<span class=\"_ _0\"></span> loans<span class=\"_ _231\"> </span></div></td><td class=\"c n x306 y1924 w186 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,040<span class=\"_ _231\"> </span></div></td><td class=\"c n x307 y1924 w187 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">10<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w188 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tisat<span class=\"_ _2\"></span>ion of lo<span class=\"_ _2\"></span>an cost<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x308 y1925 w189 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">619<span class=\"_ _231\"> </span></div></td><td class=\"c n x309 y1925 w18a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls20 ws58\">621<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w18b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Fin<span class=\"_ _2\"></span>ance an<span class=\"_ _2\"></span>d tran<span class=\"_ _2\"></span>sac<span class=\"_ _2\"></span>tion cos<span class=\"_ _2\"></span>ts rel<span class=\"_ _2\"></span>atin<span class=\"_ _2\"></span>g to the interes<span class=\"_ _2\"></span>t rate ca<span class=\"_ _2\"></span>p<span class=\"_ _231\"> </span></div></td><td class=\"c n x30a y18e4 w18c hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">798<span class=\"_ _231\"> </span></div></td><td class=\"c n x30b y18e4 w18d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls63 ws64\">800<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x30c y18da w18e hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls2f ws62\">11<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>457<span class=\"_ _231\"> </span></div></td><td class=\"c n x30d y18da w18f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">1<span class=\"_ _2\"></span>1,666</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-381": {
   "value": "5. Fina<span class=\"_ _0\"></span>nce costs<span class=\"_ _231\"> </span><table class=\"s w14a hbd\" id=\"_fcc164ce-bbc4-4182-823f-d1fae043e2c2\"><tr><td></td><td class=\"t m0 x29f h1d y1921 ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y1921 ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1922 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1922 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1923 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1923 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1924 w185 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Int<span class=\"_ _0\"></span>erest paid on<span class=\"_ _0\"></span> loans<span class=\"_ _231\"> </span></div></td><td class=\"c n x306 y1924 w186 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,040<span class=\"_ _231\"> </span></div></td><td class=\"c n x307 y1924 w187 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">10<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w188 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tisat<span class=\"_ _2\"></span>ion of lo<span class=\"_ _2\"></span>an cost<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x308 y1925 w189 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">619<span class=\"_ _231\"> </span></div></td><td class=\"c n x309 y1925 w18a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls20 ws58\">621<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w18b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Fin<span class=\"_ _2\"></span>ance an<span class=\"_ _2\"></span>d tran<span class=\"_ _2\"></span>sac<span class=\"_ _2\"></span>tion cos<span class=\"_ _2\"></span>ts rel<span class=\"_ _2\"></span>atin<span class=\"_ _2\"></span>g to the interes<span class=\"_ _2\"></span>t rate ca<span class=\"_ _2\"></span>p<span class=\"_ _231\"> </span></div></td><td class=\"c n x30a y18e4 w18c hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">798<span class=\"_ _231\"> </span></div></td><td class=\"c n x30b y18e4 w18d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls63 ws64\">800<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x30c y18da w18e hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls2f ws62\">11<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>457<span class=\"_ _231\"> </span></div></td><td class=\"c n x30d y18da w18f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">1<span class=\"_ _2\"></span>1,666</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-353": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls162 ws17a gs1c8\">6<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span> Ta<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>n<span class=\"_ _231\"> </span></div><div class=\"gs1ad\"><table class=\"s w14a hbe\" id=\"_26f29409-ff4c-4b35-a6ce-4f3adcc163ba\"><tr><td></td><td class=\"t m0 x29f h1d y1926 ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y1926 ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1927 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1927 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1928 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1928 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y191c w190 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls68 ws77\">Curr<span class=\"_ _1\"></span>ent tax<span class=\"_ _231\"> </span></div></td><td class=\"c n x30e y191c w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x30f y191c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191d w191 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Adj<span class=\"_ _2\"></span>ustm<span class=\"_ _2\"></span>ent to ta<span class=\"_ _2\"></span>x charge fo<span class=\"_ _2\"></span>r prio<span class=\"_ _2\"></span>r year<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e5 y191d w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x2e6 y191d w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w192 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls48 ws45\">T<span class=\"_ _0\"></span>otal<span class=\"_ _0\"></span> tax charge<span class=\"_ _231\"> </span></div></td><td class=\"c n x30e y18da w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x30f y18da w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs1ca\">A recon<span class=\"_ _2\"></span>ciliat<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e corp<span class=\"_ _2\"></span>orati<span class=\"_ _2\"></span>on ta<span class=\"_ _2\"></span>x charge a<span class=\"_ _2\"></span>ppl<span class=\"_ _2\"></span>icab<span class=\"_ _2\"></span>le to the re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>s at the s<span class=\"_ _2\"></span>tatutor<span class=\"_ _2\"></span>y cor<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n tax rate to th<span class=\"_ _2\"></span>e charg<span class=\"_ _2\"></span>e for the yea<span class=\"_ _2\"></span>r is as foll<span class=\"_ _2\"></span>ows:<span class=\"_ _231\"> </span></div><div class=\"gs1cb\"><table class=\"s w193 hbf\" id=\"_57f78a96-c273-4beb-9c9f-1f4d4c24800e\"><tr><td></td><td class=\"t m0 x29f h1d y1929 ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td><td class=\"t m0 x2a0 hd y1929 ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y192a ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y192a ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y192b ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y192b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y192c w10a haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls4 ws1\">Profi<span class=\"_ _2\"></span>t before ta<span class=\"_ _2\"></span>x<span class=\"_ _231\"> </span></div></td><td class=\"c n x2a1 y192c w10b hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls82 ws89\">60,845<span class=\"_ _231\"> </span></div></td><td class=\"c n x2a2 y192c w7f haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 lsf0 wsff\">7<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>24<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y192d w194 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls4 ws1\">T<span class=\"_ _0\"></span>ax at 25% (2024<span class=\"_ _0\"></span>: 25%<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td><td class=\"c n x310 y192d w195 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls63 ws64\">15,211<span class=\"_ _231\"> </span></div></td><td class=\"c n x311 y192d w196 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls82 ws89\">18,<span class=\"_ _2\"></span>256<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"t m0 x164 h17 y192e ff25 fs2 fc1 sc0 ls48 ws45\">Effects o<span class=\"_ _0\"></span>f:<span class=\"_ _231\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x165 y192f w197 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls4 ws1\">REIT e<span class=\"_ _2\"></span>xempt p<span class=\"_ _2\"></span>rofits<span class=\"_ _231\"> </span></div></td><td class=\"c n x312 y192f w198 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsac ws9f\">(10,<span class=\"_ _2\"></span>101)<span class=\"_ _231\"> </span></div></td><td class=\"c n x313 y192f w199 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls45 ws44\">(8,964)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1930 w19a hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls6c ws70\">REIT exempt (<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>ains)<span class=\"_ _0\"></span>/losses<span class=\"_ _231\"> </span></div></td><td class=\"c n x314 y1930 w19b hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(2<span class=\"_ _2\"></span>,890)<span class=\"_ _231\"> </span></div></td><td class=\"c n x315 y1930 w13e hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">(6<span class=\"_ _2\"></span>,2<span class=\"_ _2\"></span>15)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w19c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Capital allo<span class=\"_ _0\"></span>wances<span class=\"_ _231\"> </span></div></td><td class=\"c n x316 y1924 w121 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(2<span class=\"_ _2\"></span>,286)<span class=\"_ _231\"> </span></div></td><td class=\"c n x317 y1924 w19d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">(2<span class=\"_ _2\"></span>,476<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w19e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Utilisa<span class=\"_ _1\"></span>tion of<span class=\"_ _0\"></span> excess<span class=\"_ _0\"></span> managem<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span> expenses brough<span class=\"_ _0\"></span>t forward<span class=\"_ _231\"> </span></div></td><td class=\"c n x318 y1925 w19f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls20 ws58\">(162)<span class=\"_ _231\"> </span></div></td><td class=\"c n x319 y1925 w1a0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws55\">(809)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w1a1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es not d<span class=\"_ _2\"></span>edu<span class=\"_ _2\"></span>ctib<span class=\"_ _2\"></span>le for ta<span class=\"_ _2\"></span>x purp<span class=\"_ _2\"></span>oses<span class=\"_ _231\"> </span></div></td><td class=\"c n x31a y18e4 w1a2 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">228<span class=\"_ _231\"> </span></div></td><td class=\"c n x31b y18e4 w1a3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsac ws9f\">208<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w192 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls48 ws45\">T<span class=\"_ _0\"></span>otal<span class=\"_ _0\"></span> tax charge<span class=\"_ _231\"> </span></div></td><td class=\"c n x30e y18da w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x30f y18da w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1cc\">Th<span class=\"_ _2\"></span>e Dire<span class=\"_ _2\"></span>ctors in<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>d to c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>ndu<span class=\"_ _2\"></span>ct th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny\u2019s af<span class=\"_ _2\"></span>fai<span class=\"_ _2\"></span>rs such t<span class=\"_ _2\"></span>hat ma<span class=\"_ _2\"></span>nage<span class=\"_ _2\"></span>ment a<span class=\"_ _2\"></span>nd cont<span class=\"_ _2\"></span>rol is exercise<span class=\"_ _2\"></span>d in th<span class=\"_ _2\"></span>e United K<span class=\"_ _2\"></span>ingd<span class=\"_ _2\"></span>om an<span class=\"_ _2\"></span>d so that t<span class=\"_ _2\"></span>he </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1cd\">Com<span class=\"_ _2\"></span>pany ca<span class=\"_ _2\"></span>rrie<span class=\"_ _2\"></span>s on any t<span class=\"_ _2\"></span>rad<span class=\"_ _2\"></span>e in the U<span class=\"_ _2\"></span>nited Kin<span class=\"_ _2\"></span>gdo<span class=\"_ _2\"></span>m.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1ce\">Sub<span class=\"_ _2\"></span>jec<span class=\"_ _2\"></span>t to c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>ntin<span class=\"_ _2\"></span>uing re<span class=\"_ _2\"></span>levant U<span class=\"_ _2\"></span>K-R<span class=\"_ _2\"></span>EIT criteri<span class=\"_ _2\"></span>a bei<span class=\"_ _2\"></span>ng met<span class=\"_ _2\"></span>, the p<span class=\"_ _2\"></span>rofit<span class=\"_ _2\"></span>s from th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019s prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y rent<span class=\"_ _2\"></span>al bus<span class=\"_ _2\"></span>ines<span class=\"_ _2\"></span>s, ar<span class=\"_ _2\"></span>isin<span class=\"_ _2\"></span>g from bot<span class=\"_ _2\"></span>h incom<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1cf\">cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l gains<span class=\"_ _2\"></span>, are exem<span class=\"_ _2\"></span>pt from cor<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n tax<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1d0\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p has un<span class=\"_ _2\"></span>utilis<span class=\"_ _2\"></span>ed ta<span class=\"_ _2\"></span>x losse<span class=\"_ _2\"></span>s carr<span class=\"_ _2\"></span>ied for<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>ard in it<span class=\"_ _2\"></span>s residu<span class=\"_ _2\"></span>al bu<span class=\"_ _2\"></span>sine<span class=\"_ _2\"></span>ss of \u00a310.<span class=\"_ _2\"></span>5 mill<span class=\"_ _2\"></span>ion at 30 J<span class=\"_ _2\"></span>une 2025 (2024<span class=\"_ _1\"></span>: \u00a31<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></span>2 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n)<span class=\"_ _0\"></span>. N<span class=\"_ _2\"></span>o deferre<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1d1\">ta<span class=\"_ _2\"></span>x asset h<span class=\"_ _2\"></span>as bee<span class=\"_ _2\"></span>n recogn<span class=\"_ _2\"></span>ised o<span class=\"_ _2\"></span>n this am<span class=\"_ _2\"></span>ount a<span class=\"_ _2\"></span>s the G<span class=\"_ _2\"></span>roup ca<span class=\"_ _2\"></span>nnot b<span class=\"_ _2\"></span>e cer<span class=\"_ _2\"></span>tain t<span class=\"_ _2\"></span>hat th<span class=\"_ _2\"></span>ere will b<span class=\"_ _2\"></span>e tax<span class=\"_ _2\"></span>able p<span class=\"_ _2\"></span>rofit<span class=\"_ _2\"></span>s arisi<span class=\"_ _2\"></span>ng wit<span class=\"_ _2\"></span>hin it<span class=\"_ _2\"></span>s resid<span class=\"_ _2\"></span>ual </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1d2\">bus<span class=\"_ _2\"></span>ines<span class=\"_ _2\"></span>s from wh<span class=\"_ _2\"></span>ich th<span class=\"_ _2\"></span>e future reve<span class=\"_ _2\"></span>rsa<span class=\"_ _2\"></span>l of the d<span class=\"_ _2\"></span>eferred t<span class=\"_ _2\"></span>ax ass<span class=\"_ _2\"></span>et could b<span class=\"_ _2\"></span>e ded<span class=\"_ _2\"></span>ucted<span class=\"_ _2\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-354": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls15 ws12 gs1d4\">7<span class=\"_ _f\"></span>. Dividends </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1d5\">Am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s pai<span class=\"_ _2\"></span>d as dist<span class=\"_ _2\"></span>ribu<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s to equit<span class=\"_ _2\"></span>y ho<span class=\"_ _2\"></span>lder<span class=\"_ _2\"></span>s duri<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e year to 30 Ju<span class=\"_ _2\"></span>ne 2025. </div><div class=\"gs1d6\"><table class=\"s w1a4 hc0\" id=\"_822a02f3-6c3b-431d-882a-a071a27eb3d8\"><tr><td></td><td class=\"t m0 x1f0 h1d y1931 ff24 fs8 fc1 sc0 ls95 ws9c\">Dividend rate<span class=\"_ _0\"></span> </td><td class=\"t m0 x31c h1d y1931 ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended </td></tr><tr><td></td><td class=\"t m0 x31d h1d y1932 ff24 fs8 fc1 sc0 ls1d ws18\">(pence<span class=\"_ _0\"></span> per<span class=\"_ _231\"> </span></td><td class=\"t m0 x31e h1d y1932 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x31f h1d y1933 ff24 fs8 fc1 sc0 ls163 ws17b\">sha<span class=\"_ _2\"></span>re)<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 h1d y1933 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1934 w1a5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Four<span class=\"_ _2\"></span>th i<span class=\"_ _2\"></span>nterim di<span class=\"_ _2\"></span>vid<span class=\"_ _2\"></span>end for t<span class=\"_ _2\"></span>he year e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4<span class=\"_ _231\"> </span></div></td><td class=\"c n x1fd y1934 w1a6 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">1<span class=\"_ _2\"></span>.428<span class=\"_ _231\"> </span></div></td><td class=\"c n x320 y1934 w1a7 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls2f ws62\">8,<span class=\"_ _2\"></span>857<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1935 w1a8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Fir<span class=\"_ _2\"></span>st inter<span class=\"_ _2\"></span>im div<span class=\"_ _2\"></span>iden<span class=\"_ _2\"></span>d for th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>ded 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _231\"> </span></div></td><td class=\"c n x321 y1935 w1a9 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">1<span class=\"_ _2\"></span>.4<span class=\"_ _0\"></span>71<span class=\"_ _231\"> </span></div></td><td class=\"c n x322 y1935 w1aa hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls55 ws53\">9,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>23<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1936 w1ab haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Se<span class=\"_ _2\"></span>cond inter<span class=\"_ _2\"></span>im div<span class=\"_ _2\"></span>ide<span class=\"_ _2\"></span>nd for th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>ded 3<span class=\"_ _2\"></span>0 June 2025<span class=\"_ _231\"> </span></div></td><td class=\"c n x323 y1936 w1ac hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">1<span class=\"_ _2\"></span>.4<span class=\"_ _0\"></span>71<span class=\"_ _231\"> </span></div></td><td class=\"c n x324 y1936 w1ad hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls55 ws53\">9,1<span class=\"_ _2\"></span>24<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18d9 w1ae haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Th<span class=\"_ _2\"></span>ird interi<span class=\"_ _2\"></span>m divi<span class=\"_ _2\"></span>den<span class=\"_ _2\"></span>d for the ye<span class=\"_ _2\"></span>ar en<span class=\"_ _2\"></span>ded 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _231\"> </span></div></td><td class=\"c n x325 y18d9 w1ac hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">1<span class=\"_ _2\"></span>.4<span class=\"_ _0\"></span>71<span class=\"_ _231\"> </span></div></td><td class=\"c n x326 y18d9 w1ad hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls55 ws53\">9,1<span class=\"_ _2\"></span>24<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x327 y18da w1af hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls5d ws5c\"><span><span class=\"gs1d7\" id=\"__1\">5. 841<span class=\"_ _231\"> </span></span></span></div></td><td class=\"c n x328 y18da w1b0 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls4f ws12\">36,<span class=\"_ _2\"></span>228<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1d8\">Am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s pai<span class=\"_ _2\"></span>d as dist<span class=\"_ _2\"></span>ribu<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s to equit<span class=\"_ _2\"></span>y ho<span class=\"_ _2\"></span>lder<span class=\"_ _2\"></span>s duri<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e year to 30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>. </div><div class=\"gs1d9\"><table class=\"s w14a hc1\" id=\"_98d39819-980e-46ef-9922-f7e7d1ab414c\"><tr><td></td><td class=\"t m0 x329 hd y1938 ff25 fs8 fc1 sc0 ls1d ws18\">Dividend rat<span class=\"_ _0\"></span>e </td><td class=\"t m0 x2a0 hd y1938 ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended </td></tr><tr><td></td><td class=\"t m0 x32a hd y1939 ff25 fs8 fc1 sc0 ls1d ws18\">(pence<span class=\"_ _0\"></span> p<span class=\"_ _2\"></span>er<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1939 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 hd y193a ff25 fs8 fc1 sc0 ls164 ws17c\">sha<span class=\"_ _2\"></span>re)<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y193a ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y193b w1b1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Four<span class=\"_ _2\"></span>th i<span class=\"_ _2\"></span>nterim di<span class=\"_ _2\"></span>vid<span class=\"_ _2\"></span>end for t<span class=\"_ _2\"></span>he year e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2023<span class=\"_ _231\"> </span></div></td><td class=\"c n x32b y193b w1b2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls20 ws58\">1.4<span class=\"_ _2\"></span>00<span class=\"_ _231\"> </span></div></td><td class=\"c n x32c y193b w1b3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5e ws5d\">8<span class=\"_ _2\"></span>,683<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193c w1b4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Fir<span class=\"_ _2\"></span>st inter<span class=\"_ _2\"></span>im div<span class=\"_ _2\"></span>iden<span class=\"_ _2\"></span>d for th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>ded 30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></div></td><td class=\"c n x32d y193c w1b5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls57 ws54\">1<span class=\"_ _2\"></span>.428<span class=\"_ _231\"> </span></div></td><td class=\"c n x32e y193c w1b6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5a ws59\">8<span class=\"_ _2\"></span>,857<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193d w1b7 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Se<span class=\"_ _2\"></span>cond inter<span class=\"_ _2\"></span>im div<span class=\"_ _2\"></span>ide<span class=\"_ _2\"></span>nd for th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>ded 3<span class=\"_ _2\"></span>0 June 2024<span class=\"_ _231\"> </span></div></td><td class=\"c n x32f y193d w1b5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls57 ws54\">1<span class=\"_ _2\"></span>.428<span class=\"_ _231\"> </span></div></td><td class=\"c n x330 y193d w1b6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5a ws59\">8<span class=\"_ _2\"></span>,857<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193e w1b8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Th<span class=\"_ _2\"></span>ird interi<span class=\"_ _2\"></span>m divi<span class=\"_ _2\"></span>den<span class=\"_ _2\"></span>d for the ye<span class=\"_ _2\"></span>ar en<span class=\"_ _2\"></span>ded 30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></div></td><td class=\"c n x32f y193e w1b5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls57 ws54\">1<span class=\"_ _2\"></span>.428<span class=\"_ _231\"> </span></div></td><td class=\"c n x330 y193e w1b6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5a ws59\">8<span class=\"_ _2\"></span>,857<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w1b9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls78 ws17d\">To<span class=\"_ _2\"></span>t<span class=\"_ _5\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x331 y18da w1ba haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls78 ws17d\"><span><span class=\"gs1da\" id=\"__2\">5.68 4<span class=\"_ _231\"> </span></span></span></div></td><td class=\"c n x332 y18da w1bb haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4f ws12\">35,<span class=\"_ _2\"></span>254<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1db\">It is th<span class=\"_ _2\"></span>e pol<span class=\"_ _2\"></span>icy of t<span class=\"_ _2\"></span>he Di<span class=\"_ _2\"></span>rectors to d<span class=\"_ _2\"></span>eclare a<span class=\"_ _2\"></span>nd pay d<span class=\"_ _2\"></span>ivid<span class=\"_ _2\"></span>ends a<span class=\"_ _2\"></span>s interim d<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>dend<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he Dire<span class=\"_ _2\"></span>ctors d<span class=\"_ _2\"></span>o not th<span class=\"_ _2\"></span>erefore recom<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>d a fin<span class=\"_ _2\"></span>al div<span class=\"_ _2\"></span>ide<span class=\"_ _2\"></span>nd.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1dc\">Th<span class=\"_ _2\"></span>e four<span class=\"_ _2\"></span>th inter<span class=\"_ _2\"></span>im div<span class=\"_ _2\"></span>ide<span class=\"_ _2\"></span>nd in res<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>t of the yea<span class=\"_ _2\"></span>r end<span class=\"_ _2\"></span>ed 30 Ju<span class=\"_ _2\"></span>ne 2025, of 1<span class=\"_ _2\"></span>.471 pe<span class=\"_ _2\"></span>nce per s<span class=\"_ _2\"></span>hare, wa<span class=\"_ _2\"></span>s paid o<span class=\"_ _2\"></span>n 29 Aug<span class=\"_ _2\"></span>ust 2025 to sh<span class=\"_ _2\"></span>areho<span class=\"_ _2\"></span>lder<span class=\"_ _2\"></span>s </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1dd\">on th<span class=\"_ _2\"></span>e regis<span class=\"_ _2\"></span>ter on 15 A<span class=\"_ _2\"></span>ugu<span class=\"_ _2\"></span>st 2025 an<span class=\"_ _2\"></span>d amou<span class=\"_ _2\"></span>nted to \u00a39,124,000<span class=\"_ _2\"></span>. It is the i<span class=\"_ _2\"></span>ntentio<span class=\"_ _2\"></span>n of the D<span class=\"_ _2\"></span>irector<span class=\"_ _2\"></span>s that t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up will co<span class=\"_ _2\"></span>ntinu<span class=\"_ _2\"></span>e to pay </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs1de\">dividends quarterly<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-7": {
   "value": "0.05841",
   "decimals": 5,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-8": {
   "value": "0.05684",
   "decimals": 5,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2023-07-01T00:00:00/2024-07-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-355": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs1e0\">8. Earni<span class=\"_ _0\"></span>ngs per share and Net Asset V<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e p<span class=\"_ _2\"></span>er shar<span class=\"_ _0\"></span>e<span class=\"_ _231\"> </span></div><div class=\"t m0 h1c ff18 fs5 fc4 sc0 ls9d wsa2 gs1e1\">Earnings per share<span class=\"_ _231\"> </span></div><div class=\"gs1e2\"><table class=\"s w1bc hc2\" id=\"_130a391b-baf9-4ebc-9002-7240b1d7d6b1\"><tr><td></td><td></td><td class=\"c n x333 y193f w1e hc3\"><div class=\"t m0 x154 hd y1889 ff24 fs8 fc1 sc0 ls1c ws1\">Y<span class=\"_ _1\"></span>ea<span class=\"_ _2\"></span>r end<span class=\"_ _2\"></span>ed 30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td><td></td><td class=\"c n x334 y193f w1bd hc4\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls1c ws1\">Y<span class=\"_ _0\"></span>ea<span class=\"_ _2\"></span>r end<span class=\"_ _2\"></span>ed 30 J<span class=\"_ _2\"></span>une 2<span class=\"_ _2\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td></td><td class=\"c n x335 y1940 w1be hc3\"><div class=\"t m0 x154 hd y1889 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></div></td><td class=\"c n x336 y1940 w1bf hc3\"><div class=\"t m0 x154 hd y1889 ff24 fs8 fc1 sc0 ls1c ws1\">Pen<span class=\"_ _2\"></span>ce pe<span class=\"_ _2\"></span>r sha<span class=\"_ _2\"></span>re<span class=\"_ _231\"> </span></div></td><td class=\"c n x337 y1940 w1c0 hc4\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3\u2019000<span class=\"_ _231\"> </span></div></td><td class=\"c n x338 y1940 w1c1 hc4\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls1d ws18\">Pence<span class=\"_ _0\"></span> per share<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w1c2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Rev<span class=\"_ _0\"></span>en<span class=\"_ _2\"></span>ue<span class=\"_ _0\"></span> earnings<span class=\"_ _231\"> </span></div></td><td class=\"c n x339 y1924 w7c hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">3<span class=\"_ _2\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td><td class=\"c n x33a y1924 w1c3 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">5.<span class=\"_ _2\"></span>97<span class=\"_ _231\"> </span></div></td><td class=\"c n x33b y1924 w89 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls159 ws16f\">3<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>270<span class=\"_ _231\"> </span></div></td><td class=\"c n x33c y1924 w1c4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls43 ws9b\">5.85<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w1c5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Capital earnings<span class=\"_ _231\"> </span></div></td><td class=\"c n x33d y1925 w1c6 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">23,8<span class=\"_ _0\"></span>31<span class=\"_ _231\"> </span></div></td><td class=\"c n x33e y1925 w1c7 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls45 ws44\">3.84<span class=\"_ _231\"> </span></div></td><td class=\"c n x33f y1925 w7e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">3<span class=\"_ _2\"></span>6,754<span class=\"_ _231\"> </span></div></td><td class=\"c n x340 y1925 w1c8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls55 ws53\">5.9<span class=\"_ _2\"></span>2<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w1c9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5a ws64\">T<span class=\"_ _0\"></span>otal earnin<span class=\"_ _2\"></span>gs<span class=\"_ _231\"> </span></div></td><td class=\"c n x341 y18e4 w75 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">60,8<span class=\"_ _2\"></span>45<span class=\"_ _231\"> </span></div></td><td class=\"c n x342 y18e4 w90 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls57 ws54\">9.<span class=\"_ _2\"></span>81<span class=\"_ _231\"> </span></div></td><td class=\"c n x343 y18e4 wfc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">7<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>024<span class=\"_ _231\"> </span></div></td><td class=\"c n x344 y18e4 w1ca haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4f ws12\">11<span class=\"_ _2\"></span>.7<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w1cb hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1e\">Average<span class=\"_ _0\"></span> numbe<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span> of shares<span class=\"_ _1\"></span> in issue<span class=\"_ _231\"> </span></div></td><td></td><td class=\"c n x345 y18da w1cc hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">620,<span class=\"_ _2\"></span>237<span class=\"_ _0\"></span>,34<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td><td></td><td class=\"c n x346 y18da w1cd haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls20 ws58\">620,23<span class=\"_ _2\"></span>7<span class=\"_ _f\"></span>,<span class=\"_ _2\"></span>346<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1e3\">Th<span class=\"_ _2\"></span>ere were n<span class=\"_ _2\"></span>o dilut<span class=\"_ _2\"></span>ive sha<span class=\"_ _2\"></span>res or po<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ent<span class=\"_ _2\"></span>ially d<span class=\"_ _2\"></span>iluti<span class=\"_ _2\"></span>ve shares i<span class=\"_ _2\"></span>n issu<span class=\"_ _2\"></span>e.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1e5\">EPR<span class=\"_ _2\"></span>A is an in<span class=\"_ _2\"></span>dust<span class=\"_ _2\"></span>ry b<span class=\"_ _2\"></span>od<span class=\"_ _2\"></span>y which is<span class=\"_ _2\"></span>sue<span class=\"_ _2\"></span>s bes<span class=\"_ _2\"></span>t pra<span class=\"_ _2\"></span>ctice rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g guid<span class=\"_ _2\"></span>elin<span class=\"_ _2\"></span>es for f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial dis<span class=\"_ _2\"></span>closure<span class=\"_ _2\"></span>s by pub<span class=\"_ _2\"></span>lic real e<span class=\"_ _2\"></span>state com<span class=\"_ _2\"></span>pani<span class=\"_ _2\"></span>es an<span class=\"_ _2\"></span>d the </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1e6\">Gro<span class=\"_ _2\"></span>up repo<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>s an EPR<span class=\"_ _2\"></span>A NAV qua<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span>ly<span class=\"_ _0\"></span>. EPR<span class=\"_ _2\"></span>A has i<span class=\"_ _2\"></span>ssue<span class=\"_ _2\"></span>d bes<span class=\"_ _2\"></span>t pra<span class=\"_ _2\"></span>ctice re<span class=\"_ _2\"></span>comme<span class=\"_ _2\"></span>ndat<span class=\"_ _2\"></span>ions for t<span class=\"_ _2\"></span>he ca<span class=\"_ _2\"></span>lculat<span class=\"_ _2\"></span>ion of cer<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>in fi<span class=\"_ _2\"></span>gures w<span class=\"_ _2\"></span>hich are </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1e7\">inc<span class=\"_ _2\"></span>lude<span class=\"_ _2\"></span>d belo<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>. O<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r EPRA m<span class=\"_ _2\"></span>easure<span class=\"_ _2\"></span>s are inclu<span class=\"_ _2\"></span>ded i<span class=\"_ _2\"></span>n the EPR<span class=\"_ _2\"></span>A Per<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ance Me<span class=\"_ _2\"></span>asures o<span class=\"_ _2\"></span>n pag<span class=\"_ _2\"></span>es 105 and 10<span class=\"_ _2\"></span>6.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1e8\">Th<span class=\"_ _2\"></span>e EPRA e<span class=\"_ _2\"></span>arni<span class=\"_ _2\"></span>ngs are a<span class=\"_ _2\"></span>rrive<span class=\"_ _2\"></span>d at by adj<span class=\"_ _2\"></span>usti<span class=\"_ _2\"></span>ng for th<span class=\"_ _2\"></span>e revalu<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n movem<span class=\"_ _2\"></span>ents o<span class=\"_ _2\"></span>n inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ies a<span class=\"_ _2\"></span>nd oth<span class=\"_ _2\"></span>er items of a c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al natu<span class=\"_ _2\"></span>re <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1e9\">an<span class=\"_ _2\"></span>d represe<span class=\"_ _2\"></span>nts t<span class=\"_ _2\"></span>he reven<span class=\"_ _2\"></span>ue ear<span class=\"_ _2\"></span>ned by th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs1ea\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s speci<span class=\"_ _2\"></span>fic a<span class=\"_ _2\"></span>djus<span class=\"_ _2\"></span>ted EPRA e<span class=\"_ _2\"></span>arni<span class=\"_ _2\"></span>ngs ad<span class=\"_ _2\"></span>just<span class=\"_ _2\"></span>s the EPR<span class=\"_ _2\"></span>A ea<span class=\"_ _2\"></span>rnin<span class=\"_ _2\"></span>gs for rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come ar<span class=\"_ _2\"></span>ising f<span class=\"_ _2\"></span>rom recog<span class=\"_ _2\"></span>nisin<span class=\"_ _2\"></span>g guar<span class=\"_ _2\"></span>antee<span class=\"_ _2\"></span>d rental re<span class=\"_ _2\"></span>view up<span class=\"_ _2\"></span>lif<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs1eb\">an<span class=\"_ _2\"></span>d for deve<span class=\"_ _2\"></span>lopm<span class=\"_ _2\"></span>ent intere<span class=\"_ _2\"></span>st recei<span class=\"_ _2\"></span>ved from d<span class=\"_ _2\"></span>evelo<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>s in relat<span class=\"_ _2\"></span>ion to mo<span class=\"_ _2\"></span>nies a<span class=\"_ _2\"></span>dva<span class=\"_ _2\"></span>nced un<span class=\"_ _2\"></span>der fo<span class=\"_ _2\"></span>rw<span class=\"_ _2\"></span>ard fun<span class=\"_ _2\"></span>d agre<span class=\"_ _2\"></span>emen<span class=\"_ _2\"></span>ts wh<span class=\"_ _2\"></span>ich, in t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs1ec\">IFRS f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial s<span class=\"_ _2\"></span>tateme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>, is requ<span class=\"_ _2\"></span>ired to be of<span class=\"_ _2\"></span>fs<span class=\"_ _2\"></span>et agai<span class=\"_ _2\"></span>nst th<span class=\"_ _2\"></span>e boo<span class=\"_ _2\"></span>k cost of th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty u<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>r develo<span class=\"_ _2\"></span>pme<span class=\"_ _2\"></span>nt. T<span class=\"_ _2\"></span>he Bo<span class=\"_ _2\"></span>ard be<span class=\"_ _2\"></span>lieves t<span class=\"_ _2\"></span>hat th<span class=\"_ _2\"></span>e Group\u2019s<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs1ed\">sp<span class=\"_ _2\"></span>ecifi<span class=\"_ _2\"></span>c adju<span class=\"_ _2\"></span>sted EPR<span class=\"_ _2\"></span>A earn<span class=\"_ _2\"></span>ings re<span class=\"_ _2\"></span>prese<span class=\"_ _2\"></span>nts th<span class=\"_ _2\"></span>e und<span class=\"_ _2\"></span>erly<span class=\"_ _2\"></span>ing p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce meas<span class=\"_ _2\"></span>ure app<span class=\"_ _2\"></span>ropr<span class=\"_ _2\"></span>iate for the G<span class=\"_ _2\"></span>roup\u2019s b<span class=\"_ _2\"></span>usine<span class=\"_ _2\"></span>ss mo<span class=\"_ _2\"></span>del a<span class=\"_ _2\"></span>s it illus<span class=\"_ _2\"></span>trates t<span class=\"_ _2\"></span>he </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs1ee\">un<span class=\"_ _2\"></span>derl<span class=\"_ _2\"></span>ying reve<span class=\"_ _2\"></span>nue s<span class=\"_ _2\"></span>tream a<span class=\"_ _2\"></span>nd cost<span class=\"_ _2\"></span>s gen<span class=\"_ _2\"></span>erated by t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio. T<span class=\"_ _2\"></span>he recon<span class=\"_ _2\"></span>ciliati<span class=\"_ _2\"></span>ons are p<span class=\"_ _2\"></span>rovid<span class=\"_ _2\"></span>ed in th<span class=\"_ _2\"></span>e tab<span class=\"_ _2\"></span>le bel<span class=\"_ _2\"></span>ow:<span class=\"_ _231\"> </span></div><div class=\"gs1ef\"><table class=\"s w1ce hc5\" id=\"_b15c5189-e6c2-428e-b705-999394730375\"><tr><td></td><td class=\"t m0 x29f h1d y1941 ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended </td><td class=\"t m0 x2a0 hd y1941 ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1942 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1942 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1943 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1943 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1944 w1cf hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls48 ws45\">Earning<span class=\"_ _1\"></span>s per I<span class=\"_ _0\"></span>FRS Cons<span class=\"_ _1\"></span>olidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of<span class=\"_ _1\"></span> Comprehensi<span class=\"_ _1\"></span>ve I<span class=\"_ _0\"></span>ncome<span class=\"_ _231\"> </span></div></td><td class=\"c n x347 y1944 w75 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">6<span class=\"_ _2\"></span>0,845<span class=\"_ _231\"> </span></div></td><td class=\"c n x348 y1944 wfc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">7<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>024<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1945 w1d0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Adj<span class=\"_ _2\"></span>usted fo<span class=\"_ _2\"></span>r gains o<span class=\"_ _2\"></span>n inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies rea<span class=\"_ _2\"></span>lised<span class=\"_ _231\"> </span></div></td><td class=\"c n x349 y1945 w113 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws55\">(39)<span class=\"_ _231\"> </span></div></td><td class=\"c n x34a y1945 w114 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">(1<span class=\"_ _2\"></span>,93<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1946 w1d1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Adj<span class=\"_ _2\"></span>usted fo<span class=\"_ _2\"></span>r revalua<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s of invest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies<span class=\"_ _231\"> </span></div></td><td class=\"c n x34b y1946 w1d2 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">(1<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span>4)<span class=\"_ _231\"> </span></div></td><td class=\"c n x34c y1946 w1d3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">(<span class=\"_ _2\"></span>24,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>93<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1947 w1d4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Adj<span class=\"_ _2\"></span>usted fo<span class=\"_ _2\"></span>r fina<span class=\"_ _2\"></span>nce an<span class=\"_ _2\"></span>d trans<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>ion cost<span class=\"_ _2\"></span>s on t<span class=\"_ _2\"></span>he interes<span class=\"_ _2\"></span>t rate ca<span class=\"_ _2\"></span>p<span class=\"_ _231\"> </span></div></td><td class=\"c n x34d y1947 w1d5 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">798<span class=\"_ _231\"> </span></div></td><td class=\"c n x34e y1947 w18d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls63 ws64\">800<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1948 w1d6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Adj<span class=\"_ _2\"></span>usted fo<span class=\"_ _2\"></span>r other c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al items<span class=\"_ _231\"> </span></div></td><td class=\"c n x34f y1948 w1d7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">(1<span class=\"_ _2\"></span>,50<span class=\"_ _2\"></span>5)<span class=\"_ _231\"> </span></div></td><td class=\"c n x350 y1948 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y192c w1d8 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls41 ws3e\">EPRA earnings<span class=\"_ _231\"> </span></div></td><td class=\"c n x351 y192c w1d9 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">4<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td><td class=\"c n x352 y192c w1da haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">4<span class=\"_ _2\"></span>7,<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>9<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1949 w1db haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Adj<span class=\"_ _2\"></span>usted fo<span class=\"_ _2\"></span>r rental i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e arisi<span class=\"_ _2\"></span>ng from re<span class=\"_ _2\"></span>cognis<span class=\"_ _2\"></span>ing gu<span class=\"_ _2\"></span>ara<span class=\"_ _2\"></span>nteed rent rev<span class=\"_ _2\"></span>iew up<span class=\"_ _2\"></span>lif<span class=\"_ _2\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x353 y1949 w1dc hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls48 ws6e\">(10<span class=\"_ _0\"></span>,841)<span class=\"_ _231\"> </span></div></td><td class=\"c n x354 y1949 w1dd haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">(1<span class=\"_ _2\"></span>0,92<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y194a w1de haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Adjusted<span class=\"_ _0\"></span> for dev<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>lopment<span class=\"_ _0\"></span> inter<span class=\"_ _0\"></span>est under forward fund<span class=\"_ _1\"></span> agreements<span class=\"_ _231\"> </span></div></td><td class=\"c n x355 y194a w1df hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls41 ws68\">725<span class=\"_ _231\"> </span></div></td><td class=\"c n x356 y194a w1e0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">1<span class=\"_ _2\"></span>,767<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y192f w1e1 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls41 ws3e\">Group specific adjusted EPRA earnings<span class=\"_ _231\"> </span></div></td><td class=\"c n x357 y192f wfc hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">3<span class=\"_ _2\"></span>7,<span class=\"_ _5\"></span>7<span class=\"_ _2\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x358 y192f w18e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsab wsa5\">38,03<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"t m0 x164 he y194b ff24 fs2 fc1 sc0 ls4 ws1\">Ear<span class=\"_ _2\"></span>nings p<span class=\"_ _2\"></span>er sh<span class=\"_ _2\"></span>are (\u2018<span class=\"_ _2\"></span>EPS<span class=\"_ _2\"></span>\u2019) (p<span class=\"_ _2\"></span>ence p<span class=\"_ _2\"></span>er sh<span class=\"_ _2\"></span>are)<span class=\"_ _231\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x165 y194c w1e2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">EPS p<span class=\"_ _2\"></span>er IFRS Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dated St<span class=\"_ _2\"></span>atement o<span class=\"_ _2\"></span>f Compre<span class=\"_ _2\"></span>hens<span class=\"_ _2\"></span>ive Inco<span class=\"_ _2\"></span>me<span class=\"_ _231\"> </span></div></td><td class=\"c n x359 y194c w90 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls57 ws54\">9.8<span class=\"_ _2\"></span>1<span class=\"_ _231\"> </span></div></td><td class=\"c n x35a y194c w1ca haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4f ws12\">11<span class=\"_ _2\"></span>.7<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y194d w1e3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls2f ws40\">EPR<span class=\"_ _2\"></span>A EP<span class=\"_ _2\"></span>S<span class=\"_ _231\"> </span></div></td><td class=\"c n x35b y194d w1e4 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls15b ws171\">7.<span class=\"_ _2\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _231\"> </span></div></td><td class=\"c n x35c y194d w1e5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">7.<span class=\"_ _2\"></span>6<span class=\"_ _5\"></span>1<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w1e6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Gro<span class=\"_ _2\"></span>up spe<span class=\"_ _2\"></span>cific a<span class=\"_ _2\"></span>djus<span class=\"_ _2\"></span>ted EPR<span class=\"_ _2\"></span>A EPS<span class=\"_ _231\"> </span></div></td><td class=\"c n x35d y18da w1e7 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">6.08<span class=\"_ _231\"> </span></div></td><td class=\"c n x35e y18da w1e8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls46 ws52\">6<span class=\"_ _2\"></span>.13<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h1c ff18 fs5 fc4 sc0 ls14 ws1 gs1f0\">Net A<span class=\"_ _2\"></span>sset V<span class=\"_ _0\"></span>alue p<span class=\"_ _2\"></span>er share<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1f1\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s Net A<span class=\"_ _2\"></span>sset Valu<span class=\"_ _2\"></span>e per o<span class=\"_ _2\"></span>rdinar<span class=\"_ _2\"></span>y s<span class=\"_ _2\"></span>hare of 1<span class=\"_ _2\"></span>14.<span class=\"_ _0\"></span>9 p<span class=\"_ _2\"></span>ence (2024: 11<span class=\"_ _2\"></span>1.1 p<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ce<span class=\"_ _0\"></span>) i<span class=\"_ _2\"></span>s base<span class=\"_ _2\"></span>d on equ<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y shareh<span class=\"_ _2\"></span>old<span class=\"_ _2\"></span>ers\u2019 fu<span class=\"_ _2\"></span>nds of \u00a371<span class=\"_ _2\"></span>2,46<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1f2\">(202<span class=\"_ _0\"></span>4: \u00a3689,2<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0) and o<span class=\"_ _2\"></span>n 620,23<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>,3<span class=\"_ _2\"></span>46 (202<span class=\"_ _1\"></span>4: 620,2<span class=\"_ _2\"></span>37<span class=\"_ _0\"></span>,3<span class=\"_ _2\"></span>46) ord<span class=\"_ _2\"></span>inar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span>, bein<span class=\"_ _2\"></span>g the n<span class=\"_ _2\"></span>umb<span class=\"_ _2\"></span>er of sha<span class=\"_ _2\"></span>res in is<span class=\"_ _2\"></span>sue at th<span class=\"_ _2\"></span>e year-<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1f3\">Th<span class=\"_ _2\"></span>e EPRA b<span class=\"_ _2\"></span>est p<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>tice recom<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>dati<span class=\"_ _2\"></span>ons in<span class=\"_ _2\"></span>clude a s<span class=\"_ _2\"></span>et of EPRA N<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>V m<span class=\"_ _2\"></span>etri<span class=\"_ _2\"></span>cs tha<span class=\"_ _2\"></span>t are arr<span class=\"_ _2\"></span>ived at by a<span class=\"_ _2\"></span>djus<span class=\"_ _2\"></span>ting t<span class=\"_ _2\"></span>he net a<span class=\"_ _2\"></span>sset va<span class=\"_ _2\"></span>lue ca<span class=\"_ _2\"></span>lculate<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1f4\">un<span class=\"_ _2\"></span>der Inter<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>onal F<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial Re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g Stan<span class=\"_ _2\"></span>dards (<span class=\"_ _2\"></span>\u2018IFRS<span class=\"_ _2\"></span>\u2019) to prov<span class=\"_ _2\"></span>ide st<span class=\"_ _2\"></span>akeh<span class=\"_ _2\"></span>olde<span class=\"_ _2\"></span>rs wit<span class=\"_ _2\"></span>h what EPR<span class=\"_ _2\"></span>A be<span class=\"_ _2\"></span>lieve to b<span class=\"_ _2\"></span>e the mo<span class=\"_ _2\"></span>st relev<span class=\"_ _2\"></span>ant infor<span class=\"_ _2\"></span>mati<span class=\"_ _2\"></span>on </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1f5\">on th<span class=\"_ _2\"></span>e fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of the as<span class=\"_ _2\"></span>sets a<span class=\"_ _2\"></span>nd lia<span class=\"_ _2\"></span>bil<span class=\"_ _2\"></span>ities of a rea<span class=\"_ _2\"></span>l est<span class=\"_ _2\"></span>ate inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t compa<span class=\"_ _2\"></span>ny<span class=\"_ _0\"></span>, un<span class=\"_ _2\"></span>der di<span class=\"_ _2\"></span>ffere<span class=\"_ _2\"></span>nt scena<span class=\"_ _2\"></span>rios<span class=\"_ _2\"></span>. The t<span class=\"_ _2\"></span>hree EPR<span class=\"_ _2\"></span>A NAV metr<span class=\"_ _2\"></span>ics a<span class=\"_ _2\"></span>re<span class=\"_ _0\"></span>:<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs1f6\">\u2022 <span class=\"_ _10\"> </span><span class=\"ff24 ls48 ws45\">EPRA Net R<span class=\"_ _0\"></span>einstatemen<span class=\"_ _0\"></span>t Val<span class=\"_ _0\"></span>ue (\u2018NRV\u2019):<span class=\"ff25 ls4 ws1\"> As<span class=\"_ _2\"></span>sum<span class=\"_ _2\"></span>es that e<span class=\"_ _2\"></span>ntiti<span class=\"_ _2\"></span>es neve<span class=\"_ _2\"></span>r sell as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s and ai<span class=\"_ _2\"></span>ms to repres<span class=\"_ _2\"></span>ent th<span class=\"_ _2\"></span>e value re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>d to rebui<span class=\"_ _2\"></span>ld the </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1f7\">ent<span class=\"_ _2\"></span>ity. Th<span class=\"_ _2\"></span>e obje<span class=\"_ _2\"></span>ctiv<span class=\"_ _2\"></span>e is to high<span class=\"_ _2\"></span>light t<span class=\"_ _2\"></span>he val<span class=\"_ _2\"></span>ue of net a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s on a lon<span class=\"_ _2\"></span>g-<span class=\"_ _2\"></span>term ba<span class=\"_ _2\"></span>sis. A<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es that a<span class=\"_ _2\"></span>re not exp<span class=\"_ _2\"></span>ecte<span class=\"_ _2\"></span>d to crys<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>lise </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1f8\">in no<span class=\"_ _2\"></span>rma<span class=\"_ _2\"></span>l circumst<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span>s, such a<span class=\"_ _2\"></span>s the fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue move<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s on f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tives<span class=\"_ _2\"></span>, are exclud<span class=\"_ _2\"></span>ed an<span class=\"_ _2\"></span>d the cos<span class=\"_ _2\"></span>ts of recrea<span class=\"_ _2\"></span>ting t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1f9\">thro<span class=\"_ _2\"></span>ugh inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent ma<span class=\"_ _2\"></span>rkets<span class=\"_ _2\"></span>, such as p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>on cost<span class=\"_ _2\"></span>s and t<span class=\"_ _2\"></span>axes<span class=\"_ _2\"></span>, are incl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span>d.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs1fa\">\u2022 <span class=\"_ _10\"> </span><span class=\"ff24 ws1\">EPR<span class=\"_ _2\"></span>A Net Tangib<span class=\"_ _2\"></span>le Ass<span class=\"_ _2\"></span>ets (\u2018<span class=\"_ _2\"></span>NT<span class=\"_ _0\"></span>A\u2019):<span class=\"ff25\"> A<span class=\"_ _2\"></span>ssu<span class=\"_ _2\"></span>mes t<span class=\"_ _2\"></span>hat enti<span class=\"_ _2\"></span>ties b<span class=\"_ _2\"></span>uy an<span class=\"_ _2\"></span>d sell as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s, th<span class=\"_ _2\"></span>ereby cr<span class=\"_ _2\"></span>ys<span class=\"_ _2\"></span>tall<span class=\"_ _2\"></span>ising ce<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ain leve<span class=\"_ _2\"></span>ls of un<span class=\"_ _2\"></span>avoid<span class=\"_ _2\"></span>able d<span class=\"_ _2\"></span>eferred t<span class=\"_ _2\"></span>ax.<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1fb\">Gi<span class=\"_ _2\"></span>ven the G<span class=\"_ _2\"></span>roup\u2019s REI<span class=\"_ _2\"></span>T stat<span class=\"_ _2\"></span>us, it is n<span class=\"_ _2\"></span>ot exp<span class=\"_ _2\"></span>ected t<span class=\"_ _2\"></span>hat sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>cant d<span class=\"_ _2\"></span>eferred t<span class=\"_ _2\"></span>ax wi<span class=\"_ _2\"></span>ll be ap<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>cabl<span class=\"_ _2\"></span>e to the Gro<span class=\"_ _2\"></span>up.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs1fc\">\u2022 <span class=\"_ _10\"> </span><span class=\"ff24 ws1\">EPR<span class=\"_ _2\"></span>A Net D<span class=\"_ _2\"></span>isp<span class=\"_ _2\"></span>osal Valu<span class=\"_ _2\"></span>e (\u2018N<span class=\"_ _2\"></span>DV\u2019<span class=\"_ _2\"></span>):</span><span class=\"ls45 ws24\"> Repr<span class=\"_ _0\"></span>esents the shareholders<span class=\"_ _0\"></span>\u2019 value under<span class=\"_ _0\"></span> a disposal sc<span class=\"_ _0\"></span>enario, where<span class=\"_ _0\"></span> deferred<span class=\"_ _0\"></span> t<span class=\"_ _2\"></span>ax, financ<span class=\"_ _0\"></span>ial instruments </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1fd\">an<span class=\"_ _2\"></span>d cert<span class=\"_ _2\"></span>ain ot<span class=\"_ _2\"></span>her a<span class=\"_ _2\"></span>djus<span class=\"_ _2\"></span>tment<span class=\"_ _2\"></span>s are ca<span class=\"_ _2\"></span>lcula<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed to th<span class=\"_ _2\"></span>e full e<span class=\"_ _2\"></span>xtent of t<span class=\"_ _2\"></span>heir l<span class=\"_ _2\"></span>iabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, ne<span class=\"_ _2\"></span>t of any resu<span class=\"_ _2\"></span>lting t<span class=\"_ _2\"></span>ax. A<span class=\"_ _2\"></span>t 30 Jun<span class=\"_ _2\"></span>e 2025, the G<span class=\"_ _2\"></span>roup h<span class=\"_ _2\"></span>eld a<span class=\"_ _2\"></span>ll </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1fe\">it<span class=\"_ _2\"></span>s materia<span class=\"_ _2\"></span>l bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet items at f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue, o<span class=\"_ _2\"></span>r at a valu<span class=\"_ _2\"></span>e consid<span class=\"_ _2\"></span>ered to be a c<span class=\"_ _2\"></span>lose ap<span class=\"_ _2\"></span>proximat<span class=\"_ _2\"></span>ion to fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue, in it<span class=\"_ _2\"></span>s fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l state<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs1ff\">apa<span class=\"_ _2\"></span>rt f<span class=\"_ _2\"></span>rom its f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span>-r<span class=\"_ _2\"></span>ate debt f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ties w<span class=\"_ _2\"></span>here th<span class=\"_ _2\"></span>e fair v<span class=\"_ _2\"></span>alue i<span class=\"_ _2\"></span>s esti<span class=\"_ _2\"></span>mated to be lo<span class=\"_ _2\"></span>wer tha<span class=\"_ _2\"></span>n the n<span class=\"_ _2\"></span>omin<span class=\"_ _2\"></span>al va<span class=\"_ _2\"></span>lue. Se<span class=\"_ _2\"></span>e Note 13 fo<span class=\"_ _2\"></span>r fur<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r deta<span class=\"_ _2\"></span>ils<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs200\">on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s loan f<span class=\"_ _2\"></span>acilit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"gs201\"><table class=\"s w1e9 hc6\" id=\"_248734eb-fdbb-4d5c-a76c-7a58fc67c618\"><tr><td></td><td class=\"t m0 x35f h1d y194e ff24 fs8 fc1 sc0 lsa9 wsac\">2025 </td><td class=\"t m0 x360 h1d y194e ff24 fs8 fc1 sc0 lsa9 wsac\">2025 </td><td class=\"t m0 x159 h1d y194e ff24 fs8 fc1 sc0 lsa9 wsac\">2025 </td><td class=\"t m0 x361 hd y194e ff25 fs8 fc1 sc0 lsaa wsad\">2024 </td><td class=\"t m0 x1ef hd y194e ff25 fs8 fc1 sc0 lsaa wsad\">2024 </td><td class=\"t m0 x236 hd y194e ff25 fs8 fc1 sc0 lsaa wsad\">2024 </td></tr><tr><td></td><td class=\"t m0 x362 h1d y194f ff24 fs8 fc1 sc0 ls1c ws1\">EPR<span class=\"_ _2\"></span>A NRV<span class=\"_ _2\"></span> </td><td class=\"t m0 x363 h1d y194f ff24 fs8 fc1 sc0 ls166 ws17f\">EPRA NT<span class=\"_ _0\"></span>A </td><td class=\"t m0 x364 h1d y194f ff24 fs8 fc1 sc0 lsd8 wsac\">EPR<span class=\"_ _2\"></span>A NDV<span class=\"_ _2\"></span> </td><td class=\"t m0 x365 hd y194f ff25 fs8 fc1 sc0 ls1c ws1\">EPR<span class=\"_ _2\"></span>A NRV </td><td class=\"t m0 x366 hd y194f ff25 fs8 fc1 sc0 ls167 ws180\">E<span class=\"_ _2\"></span>PR<span class=\"_ _5\"></span>A N<span class=\"_ _2\"></span>TA<span class=\"_ _2\"></span> </td><td class=\"t m0 x367 hd y194f ff25 fs8 fc1 sc0 ls1c ws1\">EPR<span class=\"_ _2\"></span>A NDV </td></tr><tr><td></td><td class=\"t m0 x15e h1d y1950 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x15f h1d y1950 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 h1d y1950 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 hd y1950 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y1950 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1950 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1951 w1ea haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">IFRS<span class=\"_ _0\"></span> NAV per<span class=\"_ _0\"></span> f<span class=\"_ _2\"></span>inanc<span class=\"_ _0\"></span>ial statements<span class=\"_ _231\"> </span></div></td><td class=\"c n x368 y1951 wf3 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">7<span class=\"_ _2\"></span>12,46<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x369 y1951 wbe hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">712<span class=\"_ _2\"></span>,460<span class=\"_ _231\"> </span></div></td><td class=\"c n x36a y1951 w1eb hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">71<span class=\"_ _2\"></span>2,460<span class=\"_ _231\"> </span></div></td><td class=\"c n x36b y1951 w1ec haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">6<span class=\"_ _2\"></span>89,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td><td class=\"c n x36c y1951 w1ed haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">6<span class=\"_ _2\"></span>89,<span class=\"_ _5\"></span>293<span class=\"_ _231\"> </span></div></td><td class=\"c n x36d y1951 w1ec haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">6<span class=\"_ _2\"></span>89<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>293<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1952 w1ee haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">F<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>f inter<span class=\"_ _0\"></span>est rat<span class=\"_ _0\"></span>e derivatives<span class=\"_ _231\"> </span></div></td><td class=\"c n x36e y1952 w1ef hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls2f ws62\">(572<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td><td class=\"c n x36f y1952 w1ef hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls2f ws62\">(57<span class=\"_ _2\"></span>2)<span class=\"_ _231\"> </span></div></td><td class=\"c n x370 y1952 w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x371 y1952 w1f0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">(2,820)<span class=\"_ _231\"> </span></div></td><td class=\"c n x372 y1952 w1f1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">(2,<span class=\"_ _2\"></span>820)<span class=\"_ _231\"> </span></div></td><td class=\"c n x373 y1952 w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1953 w1f2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">F<span class=\"_ _0\"></span>air value adju<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>tmen<span class=\"_ _1\"></span>t t<span class=\"_ _0\"></span>o loans<span class=\"_ _231\"> </span></div></td><td class=\"c n x374 y1953 w3a hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x375 y1953 w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x376 y1953 w1f3 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">2<span class=\"_ _5\"></span>7,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x377 y1953 w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x378 y1953 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x379 y1953 w22 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">2<span class=\"_ _2\"></span>9,78<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1954 w1f4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls49 ws89\">Es<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>mate<span class=\"_ _2\"></span>d pu<span class=\"_ _2\"></span>rcha<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>s\u2019 cos<span class=\"_ _2\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x37a y1954 w1f5 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">62<span class=\"_ _2\"></span>,175<span class=\"_ _231\"> </span></div></td><td class=\"c n x37b y1954 w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x37c y1954 w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x37d y1954 w1f6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsab wsa5\">60,<span class=\"_ _2\"></span>026<span class=\"_ _231\"> </span></div></td><td class=\"c n x37e y1954 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x37f y1954 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w1f7 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws1\">EPR<span class=\"_ _2\"></span>A net a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x380 y18e4 w1f8 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls15e ws175\">7<span class=\"_ _2\"></span>74<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>3<span class=\"_ _231\"> </span></div></td><td class=\"c n x381 y18e4 w1f9 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls45 ws44\">711<span class=\"_ _2\"></span>,888<span class=\"_ _231\"> </span></div></td><td class=\"c n x382 y18e4 w1fa hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls15e ws175\">74<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x383 y18e4 w1fb haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls63 ws64\">7<span class=\"_ _0\"></span>46,499<span class=\"_ _231\"> </span></div></td><td class=\"c n x384 y18e4 w1fc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls23 ws1b\">686,473<span class=\"_ _231\"> </span></div></td><td class=\"c n x385 y18e4 w1fd haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsb1 wsb4\">71<span class=\"_ _2\"></span>9,07<span class=\"_ _2\"></span>3<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w1fe hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws1\">EPR<span class=\"_ _2\"></span>A net a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s (pen<span class=\"_ _2\"></span>ce per s<span class=\"_ _2\"></span>hare)<span class=\"_ _231\"> </span></div></td><td class=\"c n x386 y18da w1ff hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">1<span class=\"_ _2\"></span>24.8<span class=\"_ _231\"> </span></div></td><td class=\"c n x387 y18da w200 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls47 ws40\">1<span class=\"_ _2\"></span>14.8<span class=\"_ _231\"> </span></div></td><td class=\"c n x388 y18da w201 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls57 ws54\">1<span class=\"_ _2\"></span>19.4<span class=\"_ _231\"> </span></div></td><td class=\"c n x389 y18da w202 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsac ws9f\">120.4<span class=\"_ _231\"> </span></div></td><td class=\"c n x38a y18da w203 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls57 ws54\">1<span class=\"_ _2\"></span>10.7<span class=\"_ _231\"> </span></div></td><td class=\"c n x38b y18da w204 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15c ws41\">115.9</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-382": {
   "value": "8. Earni<span class=\"_ _0\"></span>ngs per share and Net Asset V<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e p<span class=\"_ _2\"></span>er shar<span class=\"_ _0\"></span>e<span class=\"_ _231\"> </span>Earnings per share<span class=\"_ _231\"> </span><table class=\"s w1bc hc2\" id=\"_130a391b-baf9-4ebc-9002-7240b1d7d6b1\"><tr><td></td><td></td><td class=\"c n x333 y193f w1e hc3\"><div class=\"t m0 x154 hd y1889 ff24 fs8 fc1 sc0 ls1c ws1\">Y<span class=\"_ _1\"></span>ea<span class=\"_ _2\"></span>r end<span class=\"_ _2\"></span>ed 30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td><td></td><td class=\"c n x334 y193f w1bd hc4\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls1c ws1\">Y<span class=\"_ _0\"></span>ea<span class=\"_ _2\"></span>r end<span class=\"_ _2\"></span>ed 30 J<span class=\"_ _2\"></span>une 2<span class=\"_ _2\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td></td><td class=\"c n x335 y1940 w1be hc3\"><div class=\"t m0 x154 hd y1889 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></div></td><td class=\"c n x336 y1940 w1bf hc3\"><div class=\"t m0 x154 hd y1889 ff24 fs8 fc1 sc0 ls1c ws1\">Pen<span class=\"_ _2\"></span>ce pe<span class=\"_ _2\"></span>r sha<span class=\"_ _2\"></span>re<span class=\"_ _231\"> </span></div></td><td class=\"c n x337 y1940 w1c0 hc4\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3\u2019000<span class=\"_ _231\"> </span></div></td><td class=\"c n x338 y1940 w1c1 hc4\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls1d ws18\">Pence<span class=\"_ _0\"></span> per share<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w1c2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Rev<span class=\"_ _0\"></span>en<span class=\"_ _2\"></span>ue<span class=\"_ _0\"></span> earnings<span class=\"_ _231\"> </span></div></td><td class=\"c n x339 y1924 w7c hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">3<span class=\"_ _2\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td><td class=\"c n x33a y1924 w1c3 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">5.<span class=\"_ _2\"></span>97<span class=\"_ _231\"> </span></div></td><td class=\"c n x33b y1924 w89 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls159 ws16f\">3<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>270<span class=\"_ _231\"> </span></div></td><td class=\"c n x33c y1924 w1c4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls43 ws9b\">5.85<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w1c5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Capital earnings<span class=\"_ _231\"> </span></div></td><td class=\"c n x33d y1925 w1c6 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">23,8<span class=\"_ _0\"></span>31<span class=\"_ _231\"> </span></div></td><td class=\"c n x33e y1925 w1c7 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls45 ws44\">3.84<span class=\"_ _231\"> </span></div></td><td class=\"c n x33f y1925 w7e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">3<span class=\"_ _2\"></span>6,754<span class=\"_ _231\"> </span></div></td><td class=\"c n x340 y1925 w1c8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls55 ws53\">5.9<span class=\"_ _2\"></span>2<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w1c9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5a ws64\">T<span class=\"_ _0\"></span>otal earnin<span class=\"_ _2\"></span>gs<span class=\"_ _231\"> </span></div></td><td class=\"c n x341 y18e4 w75 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">60,8<span class=\"_ _2\"></span>45<span class=\"_ _231\"> </span></div></td><td class=\"c n x342 y18e4 w90 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls57 ws54\">9.<span class=\"_ _2\"></span>81<span class=\"_ _231\"> </span></div></td><td class=\"c n x343 y18e4 wfc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">7<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>024<span class=\"_ _231\"> </span></div></td><td class=\"c n x344 y18e4 w1ca haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4f ws12\">11<span class=\"_ _2\"></span>.7<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w1cb hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1e\">Average<span class=\"_ _0\"></span> numbe<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span> of shares<span class=\"_ _1\"></span> in issue<span class=\"_ _231\"> </span></div></td><td></td><td class=\"c n x345 y18da w1cc hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">620,<span class=\"_ _2\"></span>237<span class=\"_ _0\"></span>,34<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td><td></td><td class=\"c n x346 y18da w1cd haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls20 ws58\">620,23<span class=\"_ _2\"></span>7<span class=\"_ _f\"></span>,<span class=\"_ _2\"></span>346<span class=\"_ _231\"> </span></div></td></tr></table>Th<span class=\"_ _2\"></span>ere were n<span class=\"_ _2\"></span>o dilut<span class=\"_ _2\"></span>ive sha<span class=\"_ _2\"></span>res or po<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ent<span class=\"_ _2\"></span>ially d<span class=\"_ _2\"></span>iluti<span class=\"_ _2\"></span>ve shares i<span class=\"_ _2\"></span>n issu<span class=\"_ _2\"></span>e.<span class=\"_ _231\"> </span>EPR<span class=\"_ _2\"></span>A is an in<span class=\"_ _2\"></span>dust<span class=\"_ _2\"></span>ry b<span class=\"_ _2\"></span>od<span class=\"_ _2\"></span>y which is<span class=\"_ _2\"></span>sue<span class=\"_ _2\"></span>s bes<span class=\"_ _2\"></span>t pra<span class=\"_ _2\"></span>ctice rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g guid<span class=\"_ _2\"></span>elin<span class=\"_ _2\"></span>es for f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial dis<span class=\"_ _2\"></span>closure<span class=\"_ _2\"></span>s by pub<span class=\"_ _2\"></span>lic real e<span class=\"_ _2\"></span>state com<span class=\"_ _2\"></span>pani<span class=\"_ _2\"></span>es an<span class=\"_ _2\"></span>d the Gro<span class=\"_ _2\"></span>up repo<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>s an EPR<span class=\"_ _2\"></span>A NAV qua<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span>ly<span class=\"_ _0\"></span>. EPR<span class=\"_ _2\"></span>A has i<span class=\"_ _2\"></span>ssue<span class=\"_ _2\"></span>d bes<span class=\"_ _2\"></span>t pra<span class=\"_ _2\"></span>ctice re<span class=\"_ _2\"></span>comme<span class=\"_ _2\"></span>ndat<span class=\"_ _2\"></span>ions for t<span class=\"_ _2\"></span>he ca<span class=\"_ _2\"></span>lculat<span class=\"_ _2\"></span>ion of cer<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>in fi<span class=\"_ _2\"></span>gures w<span class=\"_ _2\"></span>hich are inc<span class=\"_ _2\"></span>lude<span class=\"_ _2\"></span>d belo<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>. O<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r EPRA m<span class=\"_ _2\"></span>easure<span class=\"_ _2\"></span>s are inclu<span class=\"_ _2\"></span>ded i<span class=\"_ _2\"></span>n the EPR<span class=\"_ _2\"></span>A Per<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ance Me<span class=\"_ _2\"></span>asures o<span class=\"_ _2\"></span>n pag<span class=\"_ _2\"></span>es 105 and 10<span class=\"_ _2\"></span>6.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e EPRA e<span class=\"_ _2\"></span>arni<span class=\"_ _2\"></span>ngs are a<span class=\"_ _2\"></span>rrive<span class=\"_ _2\"></span>d at by adj<span class=\"_ _2\"></span>usti<span class=\"_ _2\"></span>ng for th<span class=\"_ _2\"></span>e revalu<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n movem<span class=\"_ _2\"></span>ents o<span class=\"_ _2\"></span>n inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ies a<span class=\"_ _2\"></span>nd oth<span class=\"_ _2\"></span>er items of a c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al natu<span class=\"_ _2\"></span>re <span class=\"ls1\"> </span>an<span class=\"_ _2\"></span>d represe<span class=\"_ _2\"></span>nts t<span class=\"_ _2\"></span>he reven<span class=\"_ _2\"></span>ue ear<span class=\"_ _2\"></span>ned by th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s speci<span class=\"_ _2\"></span>fic a<span class=\"_ _2\"></span>djus<span class=\"_ _2\"></span>ted EPRA e<span class=\"_ _2\"></span>arni<span class=\"_ _2\"></span>ngs ad<span class=\"_ _2\"></span>just<span class=\"_ _2\"></span>s the EPR<span class=\"_ _2\"></span>A ea<span class=\"_ _2\"></span>rnin<span class=\"_ _2\"></span>gs for rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come ar<span class=\"_ _2\"></span>ising f<span class=\"_ _2\"></span>rom recog<span class=\"_ _2\"></span>nisin<span class=\"_ _2\"></span>g guar<span class=\"_ _2\"></span>antee<span class=\"_ _2\"></span>d rental re<span class=\"_ _2\"></span>view up<span class=\"_ _2\"></span>lif<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>d for deve<span class=\"_ _2\"></span>lopm<span class=\"_ _2\"></span>ent intere<span class=\"_ _2\"></span>st recei<span class=\"_ _2\"></span>ved from d<span class=\"_ _2\"></span>evelo<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>s in relat<span class=\"_ _2\"></span>ion to mo<span class=\"_ _2\"></span>nies a<span class=\"_ _2\"></span>dva<span class=\"_ _2\"></span>nced un<span class=\"_ _2\"></span>der fo<span class=\"_ _2\"></span>rw<span class=\"_ _2\"></span>ard fun<span class=\"_ _2\"></span>d agre<span class=\"_ _2\"></span>emen<span class=\"_ _2\"></span>ts wh<span class=\"_ _2\"></span>ich, in t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s IFRS f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial s<span class=\"_ _2\"></span>tateme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>, is requ<span class=\"_ _2\"></span>ired to be of<span class=\"_ _2\"></span>fs<span class=\"_ _2\"></span>et agai<span class=\"_ _2\"></span>nst th<span class=\"_ _2\"></span>e boo<span class=\"_ _2\"></span>k cost of th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty u<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>r develo<span class=\"_ _2\"></span>pme<span class=\"_ _2\"></span>nt. T<span class=\"_ _2\"></span>he Bo<span class=\"_ _2\"></span>ard be<span class=\"_ _2\"></span>lieves t<span class=\"_ _2\"></span>hat th<span class=\"_ _2\"></span>e Group\u2019s<span class=\"_ _2\"></span> sp<span class=\"_ _2\"></span>ecifi<span class=\"_ _2\"></span>c adju<span class=\"_ _2\"></span>sted EPR<span class=\"_ _2\"></span>A earn<span class=\"_ _2\"></span>ings re<span class=\"_ _2\"></span>prese<span class=\"_ _2\"></span>nts th<span class=\"_ _2\"></span>e und<span class=\"_ _2\"></span>erly<span class=\"_ _2\"></span>ing p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce meas<span class=\"_ _2\"></span>ure app<span class=\"_ _2\"></span>ropr<span class=\"_ _2\"></span>iate for the G<span class=\"_ _2\"></span>roup\u2019s b<span class=\"_ _2\"></span>usine<span class=\"_ _2\"></span>ss mo<span class=\"_ _2\"></span>del a<span class=\"_ _2\"></span>s it illus<span class=\"_ _2\"></span>trates t<span class=\"_ _2\"></span>he un<span class=\"_ _2\"></span>derl<span class=\"_ _2\"></span>ying reve<span class=\"_ _2\"></span>nue s<span class=\"_ _2\"></span>tream a<span class=\"_ _2\"></span>nd cost<span class=\"_ _2\"></span>s gen<span class=\"_ _2\"></span>erated by t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio. T<span class=\"_ _2\"></span>he recon<span class=\"_ _2\"></span>ciliati<span class=\"_ _2\"></span>ons are p<span class=\"_ _2\"></span>rovid<span class=\"_ _2\"></span>ed in th<span class=\"_ _2\"></span>e tab<span class=\"_ _2\"></span>le bel<span class=\"_ _2\"></span>ow:<span class=\"_ _231\"> </span><table class=\"s w1ce hc5\" id=\"_b15c5189-e6c2-428e-b705-999394730375\"><tr><td></td><td class=\"t m0 x29f h1d y1941 ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended </td><td class=\"t m0 x2a0 hd y1941 ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1942 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1942 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1943 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1943 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1944 w1cf hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls48 ws45\">Earning<span class=\"_ _1\"></span>s per I<span class=\"_ _0\"></span>FRS Cons<span class=\"_ _1\"></span>olidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of<span class=\"_ _1\"></span> Comprehensi<span class=\"_ _1\"></span>ve I<span class=\"_ _0\"></span>ncome<span class=\"_ _231\"> </span></div></td><td class=\"c n x347 y1944 w75 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">6<span class=\"_ _2\"></span>0,845<span class=\"_ _231\"> </span></div></td><td class=\"c n x348 y1944 wfc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">7<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>024<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1945 w1d0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Adj<span class=\"_ _2\"></span>usted fo<span class=\"_ _2\"></span>r gains o<span class=\"_ _2\"></span>n inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies rea<span class=\"_ _2\"></span>lised<span class=\"_ _231\"> </span></div></td><td class=\"c n x349 y1945 w113 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws55\">(39)<span class=\"_ _231\"> </span></div></td><td class=\"c n x34a y1945 w114 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">(1<span class=\"_ _2\"></span>,93<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1946 w1d1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Adj<span class=\"_ _2\"></span>usted fo<span class=\"_ _2\"></span>r revalua<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s of invest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies<span class=\"_ _231\"> </span></div></td><td class=\"c n x34b y1946 w1d2 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">(1<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span>4)<span class=\"_ _231\"> </span></div></td><td class=\"c n x34c y1946 w1d3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">(<span class=\"_ _2\"></span>24,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>93<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1947 w1d4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Adj<span class=\"_ _2\"></span>usted fo<span class=\"_ _2\"></span>r fina<span class=\"_ _2\"></span>nce an<span class=\"_ _2\"></span>d trans<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>ion cost<span class=\"_ _2\"></span>s on t<span class=\"_ _2\"></span>he interes<span class=\"_ _2\"></span>t rate ca<span class=\"_ _2\"></span>p<span class=\"_ _231\"> </span></div></td><td class=\"c n x34d y1947 w1d5 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">798<span class=\"_ _231\"> </span></div></td><td class=\"c n x34e y1947 w18d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls63 ws64\">800<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1948 w1d6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Adj<span class=\"_ _2\"></span>usted fo<span class=\"_ _2\"></span>r other c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al items<span class=\"_ _231\"> </span></div></td><td class=\"c n x34f y1948 w1d7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">(1<span class=\"_ _2\"></span>,50<span class=\"_ _2\"></span>5)<span class=\"_ _231\"> </span></div></td><td class=\"c n x350 y1948 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y192c w1d8 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls41 ws3e\">EPRA earnings<span class=\"_ _231\"> </span></div></td><td class=\"c n x351 y192c w1d9 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">4<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td><td class=\"c n x352 y192c w1da haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">4<span class=\"_ _2\"></span>7,<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>9<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1949 w1db haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Adj<span class=\"_ _2\"></span>usted fo<span class=\"_ _2\"></span>r rental i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e arisi<span class=\"_ _2\"></span>ng from re<span class=\"_ _2\"></span>cognis<span class=\"_ _2\"></span>ing gu<span class=\"_ _2\"></span>ara<span class=\"_ _2\"></span>nteed rent rev<span class=\"_ _2\"></span>iew up<span class=\"_ _2\"></span>lif<span class=\"_ _2\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x353 y1949 w1dc hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls48 ws6e\">(10<span class=\"_ _0\"></span>,841)<span class=\"_ _231\"> </span></div></td><td class=\"c n x354 y1949 w1dd haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">(1<span class=\"_ _2\"></span>0,92<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y194a w1de haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Adjusted<span class=\"_ _0\"></span> for dev<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>lopment<span class=\"_ _0\"></span> inter<span class=\"_ _0\"></span>est under forward fund<span class=\"_ _1\"></span> agreements<span class=\"_ _231\"> </span></div></td><td class=\"c n x355 y194a w1df hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls41 ws68\">725<span class=\"_ _231\"> </span></div></td><td class=\"c n x356 y194a w1e0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">1<span class=\"_ _2\"></span>,767<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y192f w1e1 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls41 ws3e\">Group specific adjusted EPRA earnings<span class=\"_ _231\"> </span></div></td><td class=\"c n x357 y192f wfc hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">3<span class=\"_ _2\"></span>7,<span class=\"_ _5\"></span>7<span class=\"_ _2\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x358 y192f w18e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsab wsa5\">38,03<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"t m0 x164 he y194b ff24 fs2 fc1 sc0 ls4 ws1\">Ear<span class=\"_ _2\"></span>nings p<span class=\"_ _2\"></span>er sh<span class=\"_ _2\"></span>are (\u2018<span class=\"_ _2\"></span>EPS<span class=\"_ _2\"></span>\u2019) (p<span class=\"_ _2\"></span>ence p<span class=\"_ _2\"></span>er sh<span class=\"_ _2\"></span>are)<span class=\"_ _231\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x165 y194c w1e2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">EPS p<span class=\"_ _2\"></span>er IFRS Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dated St<span class=\"_ _2\"></span>atement o<span class=\"_ _2\"></span>f Compre<span class=\"_ _2\"></span>hens<span class=\"_ _2\"></span>ive Inco<span class=\"_ _2\"></span>me<span class=\"_ _231\"> </span></div></td><td class=\"c n x359 y194c w90 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls57 ws54\">9.8<span class=\"_ _2\"></span>1<span class=\"_ _231\"> </span></div></td><td class=\"c n x35a y194c w1ca haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4f ws12\">11<span class=\"_ _2\"></span>.7<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y194d w1e3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls2f ws40\">EPR<span class=\"_ _2\"></span>A EP<span class=\"_ _2\"></span>S<span class=\"_ _231\"> </span></div></td><td class=\"c n x35b y194d w1e4 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls15b ws171\">7.<span class=\"_ _2\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _231\"> </span></div></td><td class=\"c n x35c y194d w1e5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">7.<span class=\"_ _2\"></span>6<span class=\"_ _5\"></span>1<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w1e6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Gro<span class=\"_ _2\"></span>up spe<span class=\"_ _2\"></span>cific a<span class=\"_ _2\"></span>djus<span class=\"_ _2\"></span>ted EPR<span class=\"_ _2\"></span>A EPS<span class=\"_ _231\"> </span></div></td><td class=\"c n x35d y18da w1e7 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">6.08<span class=\"_ _231\"> </span></div></td><td class=\"c n x35e y18da w1e8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls46 ws52\">6<span class=\"_ _2\"></span>.13<span class=\"_ _231\"> </span></div></td></tr></table>Net A<span class=\"_ _2\"></span>sset V<span class=\"_ _0\"></span>alue p<span class=\"_ _2\"></span>er share<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s Net A<span class=\"_ _2\"></span>sset Valu<span class=\"_ _2\"></span>e per o<span class=\"_ _2\"></span>rdinar<span class=\"_ _2\"></span>y s<span class=\"_ _2\"></span>hare of 1<span class=\"_ _2\"></span>14.<span class=\"_ _0\"></span>9 p<span class=\"_ _2\"></span>ence (2024: 11<span class=\"_ _2\"></span>1.1 p<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ce<span class=\"_ _0\"></span>) i<span class=\"_ _2\"></span>s base<span class=\"_ _2\"></span>d on equ<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y shareh<span class=\"_ _2\"></span>old<span class=\"_ _2\"></span>ers\u2019 fu<span class=\"_ _2\"></span>nds of \u00a371<span class=\"_ _2\"></span>2,46<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a3689,2<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0) and o<span class=\"_ _2\"></span>n 620,23<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>,3<span class=\"_ _2\"></span>46 (202<span class=\"_ _1\"></span>4: 620,2<span class=\"_ _2\"></span>37<span class=\"_ _0\"></span>,3<span class=\"_ _2\"></span>46) ord<span class=\"_ _2\"></span>inar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span>, bein<span class=\"_ _2\"></span>g the n<span class=\"_ _2\"></span>umb<span class=\"_ _2\"></span>er of sha<span class=\"_ _2\"></span>res in is<span class=\"_ _2\"></span>sue at th<span class=\"_ _2\"></span>e year-<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e EPRA b<span class=\"_ _2\"></span>est p<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>tice recom<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>dati<span class=\"_ _2\"></span>ons in<span class=\"_ _2\"></span>clude a s<span class=\"_ _2\"></span>et of EPRA N<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>V m<span class=\"_ _2\"></span>etri<span class=\"_ _2\"></span>cs tha<span class=\"_ _2\"></span>t are arr<span class=\"_ _2\"></span>ived at by a<span class=\"_ _2\"></span>djus<span class=\"_ _2\"></span>ting t<span class=\"_ _2\"></span>he net a<span class=\"_ _2\"></span>sset va<span class=\"_ _2\"></span>lue ca<span class=\"_ _2\"></span>lculate<span class=\"_ _2\"></span>d un<span class=\"_ _2\"></span>der Inter<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>onal F<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial Re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g Stan<span class=\"_ _2\"></span>dards (<span class=\"_ _2\"></span>\u2018IFRS<span class=\"_ _2\"></span>\u2019) to prov<span class=\"_ _2\"></span>ide st<span class=\"_ _2\"></span>akeh<span class=\"_ _2\"></span>olde<span class=\"_ _2\"></span>rs wit<span class=\"_ _2\"></span>h what EPR<span class=\"_ _2\"></span>A be<span class=\"_ _2\"></span>lieve to b<span class=\"_ _2\"></span>e the mo<span class=\"_ _2\"></span>st relev<span class=\"_ _2\"></span>ant infor<span class=\"_ _2\"></span>mati<span class=\"_ _2\"></span>on on th<span class=\"_ _2\"></span>e fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of the as<span class=\"_ _2\"></span>sets a<span class=\"_ _2\"></span>nd lia<span class=\"_ _2\"></span>bil<span class=\"_ _2\"></span>ities of a rea<span class=\"_ _2\"></span>l est<span class=\"_ _2\"></span>ate inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t compa<span class=\"_ _2\"></span>ny<span class=\"_ _0\"></span>, un<span class=\"_ _2\"></span>der di<span class=\"_ _2\"></span>ffere<span class=\"_ _2\"></span>nt scena<span class=\"_ _2\"></span>rios<span class=\"_ _2\"></span>. The t<span class=\"_ _2\"></span>hree EPR<span class=\"_ _2\"></span>A NAV metr<span class=\"_ _2\"></span>ics a<span class=\"_ _2\"></span>re<span class=\"_ _0\"></span>:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ff24 ls48 ws45\">EPRA Net R<span class=\"_ _0\"></span>einstatemen<span class=\"_ _0\"></span>t Val<span class=\"_ _0\"></span>ue (\u2018NRV\u2019):<span class=\"ff25 ls4 ws1\"> As<span class=\"_ _2\"></span>sum<span class=\"_ _2\"></span>es that e<span class=\"_ _2\"></span>ntiti<span class=\"_ _2\"></span>es neve<span class=\"_ _2\"></span>r sell as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s and ai<span class=\"_ _2\"></span>ms to repres<span class=\"_ _2\"></span>ent th<span class=\"_ _2\"></span>e value re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>d to rebui<span class=\"_ _2\"></span>ld the </span></span>ent<span class=\"_ _2\"></span>ity. Th<span class=\"_ _2\"></span>e obje<span class=\"_ _2\"></span>ctiv<span class=\"_ _2\"></span>e is to high<span class=\"_ _2\"></span>light t<span class=\"_ _2\"></span>he val<span class=\"_ _2\"></span>ue of net a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s on a lon<span class=\"_ _2\"></span>g-<span class=\"_ _2\"></span>term ba<span class=\"_ _2\"></span>sis. A<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es that a<span class=\"_ _2\"></span>re not exp<span class=\"_ _2\"></span>ecte<span class=\"_ _2\"></span>d to crys<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>lise in no<span class=\"_ _2\"></span>rma<span class=\"_ _2\"></span>l circumst<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span>s, such a<span class=\"_ _2\"></span>s the fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue move<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s on f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tives<span class=\"_ _2\"></span>, are exclud<span class=\"_ _2\"></span>ed an<span class=\"_ _2\"></span>d the cos<span class=\"_ _2\"></span>ts of recrea<span class=\"_ _2\"></span>ting t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up thro<span class=\"_ _2\"></span>ugh inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent ma<span class=\"_ _2\"></span>rkets<span class=\"_ _2\"></span>, such as p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>on cost<span class=\"_ _2\"></span>s and t<span class=\"_ _2\"></span>axes<span class=\"_ _2\"></span>, are incl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span>d.<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ff24 ws1\">EPR<span class=\"_ _2\"></span>A Net Tangib<span class=\"_ _2\"></span>le Ass<span class=\"_ _2\"></span>ets (\u2018<span class=\"_ _2\"></span>NT<span class=\"_ _0\"></span>A\u2019):<span class=\"ff25\"> A<span class=\"_ _2\"></span>ssu<span class=\"_ _2\"></span>mes t<span class=\"_ _2\"></span>hat enti<span class=\"_ _2\"></span>ties b<span class=\"_ _2\"></span>uy an<span class=\"_ _2\"></span>d sell as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s, th<span class=\"_ _2\"></span>ereby cr<span class=\"_ _2\"></span>ys<span class=\"_ _2\"></span>tall<span class=\"_ _2\"></span>ising ce<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ain leve<span class=\"_ _2\"></span>ls of un<span class=\"_ _2\"></span>avoid<span class=\"_ _2\"></span>able d<span class=\"_ _2\"></span>eferred t<span class=\"_ _2\"></span>ax.<span class=\"_ _2\"></span> </span></span>Gi<span class=\"_ _2\"></span>ven the G<span class=\"_ _2\"></span>roup\u2019s REI<span class=\"_ _2\"></span>T stat<span class=\"_ _2\"></span>us, it is n<span class=\"_ _2\"></span>ot exp<span class=\"_ _2\"></span>ected t<span class=\"_ _2\"></span>hat sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>cant d<span class=\"_ _2\"></span>eferred t<span class=\"_ _2\"></span>ax wi<span class=\"_ _2\"></span>ll be ap<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>cabl<span class=\"_ _2\"></span>e to the Gro<span class=\"_ _2\"></span>up.<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ff24 ws1\">EPR<span class=\"_ _2\"></span>A Net D<span class=\"_ _2\"></span>isp<span class=\"_ _2\"></span>osal Valu<span class=\"_ _2\"></span>e (\u2018N<span class=\"_ _2\"></span>DV\u2019<span class=\"_ _2\"></span>):</span><span class=\"ls45 ws24\"> Repr<span class=\"_ _0\"></span>esents the shareholders<span class=\"_ _0\"></span>\u2019 value under<span class=\"_ _0\"></span> a disposal sc<span class=\"_ _0\"></span>enario, where<span class=\"_ _0\"></span> deferred<span class=\"_ _0\"></span> t<span class=\"_ _2\"></span>ax, financ<span class=\"_ _0\"></span>ial instruments </span>an<span class=\"_ _2\"></span>d cert<span class=\"_ _2\"></span>ain ot<span class=\"_ _2\"></span>her a<span class=\"_ _2\"></span>djus<span class=\"_ _2\"></span>tment<span class=\"_ _2\"></span>s are ca<span class=\"_ _2\"></span>lcula<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed to th<span class=\"_ _2\"></span>e full e<span class=\"_ _2\"></span>xtent of t<span class=\"_ _2\"></span>heir l<span class=\"_ _2\"></span>iabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, ne<span class=\"_ _2\"></span>t of any resu<span class=\"_ _2\"></span>lting t<span class=\"_ _2\"></span>ax. A<span class=\"_ _2\"></span>t 30 Jun<span class=\"_ _2\"></span>e 2025, the G<span class=\"_ _2\"></span>roup h<span class=\"_ _2\"></span>eld a<span class=\"_ _2\"></span>ll it<span class=\"_ _2\"></span>s materia<span class=\"_ _2\"></span>l bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet items at f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue, o<span class=\"_ _2\"></span>r at a valu<span class=\"_ _2\"></span>e consid<span class=\"_ _2\"></span>ered to be a c<span class=\"_ _2\"></span>lose ap<span class=\"_ _2\"></span>proximat<span class=\"_ _2\"></span>ion to fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue, in it<span class=\"_ _2\"></span>s fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l state<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s apa<span class=\"_ _2\"></span>rt f<span class=\"_ _2\"></span>rom its f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span>-r<span class=\"_ _2\"></span>ate debt f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ties w<span class=\"_ _2\"></span>here th<span class=\"_ _2\"></span>e fair v<span class=\"_ _2\"></span>alue i<span class=\"_ _2\"></span>s esti<span class=\"_ _2\"></span>mated to be lo<span class=\"_ _2\"></span>wer tha<span class=\"_ _2\"></span>n the n<span class=\"_ _2\"></span>omin<span class=\"_ _2\"></span>al va<span class=\"_ _2\"></span>lue. Se<span class=\"_ _2\"></span>e Note 13 fo<span class=\"_ _2\"></span>r fur<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r deta<span class=\"_ _2\"></span>ils<span class=\"_ _2\"></span> on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s loan f<span class=\"_ _2\"></span>acilit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span><table class=\"s w1e9 hc6\" id=\"_248734eb-fdbb-4d5c-a76c-7a58fc67c618\"><tr><td></td><td class=\"t m0 x35f h1d y194e ff24 fs8 fc1 sc0 lsa9 wsac\">2025 </td><td class=\"t m0 x360 h1d y194e ff24 fs8 fc1 sc0 lsa9 wsac\">2025 </td><td class=\"t m0 x159 h1d y194e ff24 fs8 fc1 sc0 lsa9 wsac\">2025 </td><td class=\"t m0 x361 hd y194e ff25 fs8 fc1 sc0 lsaa wsad\">2024 </td><td class=\"t m0 x1ef hd y194e ff25 fs8 fc1 sc0 lsaa wsad\">2024 </td><td class=\"t m0 x236 hd y194e ff25 fs8 fc1 sc0 lsaa wsad\">2024 </td></tr><tr><td></td><td class=\"t m0 x362 h1d y194f ff24 fs8 fc1 sc0 ls1c ws1\">EPR<span class=\"_ _2\"></span>A NRV<span class=\"_ _2\"></span> </td><td class=\"t m0 x363 h1d y194f ff24 fs8 fc1 sc0 ls166 ws17f\">EPRA NT<span class=\"_ _0\"></span>A </td><td class=\"t m0 x364 h1d y194f ff24 fs8 fc1 sc0 lsd8 wsac\">EPR<span class=\"_ _2\"></span>A NDV<span class=\"_ _2\"></span> </td><td class=\"t m0 x365 hd y194f ff25 fs8 fc1 sc0 ls1c ws1\">EPR<span class=\"_ _2\"></span>A NRV </td><td class=\"t m0 x366 hd y194f ff25 fs8 fc1 sc0 ls167 ws180\">E<span class=\"_ _2\"></span>PR<span class=\"_ _5\"></span>A N<span class=\"_ _2\"></span>TA<span class=\"_ _2\"></span> </td><td class=\"t m0 x367 hd y194f ff25 fs8 fc1 sc0 ls1c ws1\">EPR<span class=\"_ _2\"></span>A NDV </td></tr><tr><td></td><td class=\"t m0 x15e h1d y1950 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x15f h1d y1950 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 h1d y1950 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 hd y1950 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y1950 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1950 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1951 w1ea haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">IFRS<span class=\"_ _0\"></span> NAV per<span class=\"_ _0\"></span> f<span class=\"_ _2\"></span>inanc<span class=\"_ _0\"></span>ial statements<span class=\"_ _231\"> </span></div></td><td class=\"c n x368 y1951 wf3 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">7<span class=\"_ _2\"></span>12,46<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x369 y1951 wbe hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">712<span class=\"_ _2\"></span>,460<span class=\"_ _231\"> </span></div></td><td class=\"c n x36a y1951 w1eb hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">71<span class=\"_ _2\"></span>2,460<span class=\"_ _231\"> </span></div></td><td class=\"c n x36b y1951 w1ec haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">6<span class=\"_ _2\"></span>89,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td><td class=\"c n x36c y1951 w1ed haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">6<span class=\"_ _2\"></span>89,<span class=\"_ _5\"></span>293<span class=\"_ _231\"> </span></div></td><td class=\"c n x36d y1951 w1ec haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">6<span class=\"_ _2\"></span>89<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>293<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1952 w1ee haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">F<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>f inter<span class=\"_ _0\"></span>est rat<span class=\"_ _0\"></span>e derivatives<span class=\"_ _231\"> </span></div></td><td class=\"c n x36e y1952 w1ef hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls2f ws62\">(572<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td><td class=\"c n x36f y1952 w1ef hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls2f ws62\">(57<span class=\"_ _2\"></span>2)<span class=\"_ _231\"> </span></div></td><td class=\"c n x370 y1952 w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x371 y1952 w1f0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">(2,820)<span class=\"_ _231\"> </span></div></td><td class=\"c n x372 y1952 w1f1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">(2,<span class=\"_ _2\"></span>820)<span class=\"_ _231\"> </span></div></td><td class=\"c n x373 y1952 w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1953 w1f2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">F<span class=\"_ _0\"></span>air value adju<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>tmen<span class=\"_ _1\"></span>t t<span class=\"_ _0\"></span>o loans<span class=\"_ _231\"> </span></div></td><td class=\"c n x374 y1953 w3a hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x375 y1953 w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x376 y1953 w1f3 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">2<span class=\"_ _5\"></span>7,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x377 y1953 w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x378 y1953 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x379 y1953 w22 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">2<span class=\"_ _2\"></span>9,78<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1954 w1f4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls49 ws89\">Es<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>mate<span class=\"_ _2\"></span>d pu<span class=\"_ _2\"></span>rcha<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>s\u2019 cos<span class=\"_ _2\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x37a y1954 w1f5 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">62<span class=\"_ _2\"></span>,175<span class=\"_ _231\"> </span></div></td><td class=\"c n x37b y1954 w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x37c y1954 w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x37d y1954 w1f6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsab wsa5\">60,<span class=\"_ _2\"></span>026<span class=\"_ _231\"> </span></div></td><td class=\"c n x37e y1954 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x37f y1954 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w1f7 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws1\">EPR<span class=\"_ _2\"></span>A net a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x380 y18e4 w1f8 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls15e ws175\">7<span class=\"_ _2\"></span>74<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>3<span class=\"_ _231\"> </span></div></td><td class=\"c n x381 y18e4 w1f9 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls45 ws44\">711<span class=\"_ _2\"></span>,888<span class=\"_ _231\"> </span></div></td><td class=\"c n x382 y18e4 w1fa hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls15e ws175\">74<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x383 y18e4 w1fb haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls63 ws64\">7<span class=\"_ _0\"></span>46,499<span class=\"_ _231\"> </span></div></td><td class=\"c n x384 y18e4 w1fc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls23 ws1b\">686,473<span class=\"_ _231\"> </span></div></td><td class=\"c n x385 y18e4 w1fd haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsb1 wsb4\">71<span class=\"_ _2\"></span>9,07<span class=\"_ _2\"></span>3<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w1fe hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws1\">EPR<span class=\"_ _2\"></span>A net a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s (pen<span class=\"_ _2\"></span>ce per s<span class=\"_ _2\"></span>hare)<span class=\"_ _231\"> </span></div></td><td class=\"c n x386 y18da w1ff hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">1<span class=\"_ _2\"></span>24.8<span class=\"_ _231\"> </span></div></td><td class=\"c n x387 y18da w200 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls47 ws40\">1<span class=\"_ _2\"></span>14.8<span class=\"_ _231\"> </span></div></td><td class=\"c n x388 y18da w201 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls57 ws54\">1<span class=\"_ _2\"></span>19.4<span class=\"_ _231\"> </span></div></td><td class=\"c n x389 y18da w202 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsac ws9f\">120.4<span class=\"_ _231\"> </span></div></td><td class=\"c n x38a y18da w203 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls57 ws54\">1<span class=\"_ _2\"></span>10.7<span class=\"_ _231\"> </span></div></td><td class=\"c n x38b y18da w204 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15c ws41\">115.9</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNetAssetValueAttributableToUnitholdersExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-356": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 lsa6 ws13d gs203\">9<span class=\"_ _0\"></span>. Inv<span class=\"_ _0\"></span>estment pr<span class=\"_ _0\"></span>oper<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _231\"> </span></div><div class=\"t m0 h1c ff18 fs5 fc4 sc0 ls13 ws37 gs204\">F<span class=\"_ _0\"></span>reehold and l<span class=\"_ _1\"></span>easehold<span class=\"_ _0\"></span> properties<span class=\"_ _231\"> </span></div><div class=\"gs205\"><table class=\"s w205 hc7\" id=\"_4d92ce11-59c4-45c3-85f9-69b3e2f1d18c\"><tr><td></td><td class=\"t m0 x1ef h1d y1955 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y1955 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1956 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5 </td><td class=\"t m0 x1f1 hd y1956 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024 </td></tr><tr><td></td><td class=\"t m0 x162 h1d y1957 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1957 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1958 w206 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls4 ws1\">Op<span class=\"_ _2\"></span>enin<span class=\"_ _2\"></span>g market va<span class=\"_ _2\"></span>lue<span class=\"_ _231\"> </span></div></td><td class=\"c n x38c y1958 w207 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls45 ws44\">908,530<span class=\"_ _231\"> </span></div></td><td class=\"c n x29e y1958 w208 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls23 ws1b\">868,7<span class=\"_ _0\"></span>05<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1959 w209 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls45 ws24\">Opening fixed or<span class=\"_ _0\"></span> guaranteed r<span class=\"_ _0\"></span>ent re<span class=\"_ _0\"></span>views<span class=\"_ _231\"> </span></div></td><td class=\"c n x38d y1959 w20a hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsad wsb0\">(68,<span class=\"_ _2\"></span>856)<span class=\"_ _231\"> </span></div></td><td class=\"c n x38e y1959 w20b haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls55 ws53\">(<span class=\"_ _2\"></span>59,3<span class=\"_ _2\"></span>78<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y195a w20c haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls45 ws24\">Opening lease<span class=\"_ _0\"></span> incentives<span class=\"_ _231\"> </span></div></td><td class=\"c n x38f y195a w198 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsac ws9f\">(<span class=\"_ _2\"></span>10,011)<span class=\"_ _231\"> </span></div></td><td class=\"c n x390 y195a w20d haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls58 ws56\">(9,<span class=\"_ _2\"></span>17<span class=\"_ _2\"></span>2)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y195b w20e haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls4 ws1\">Op<span class=\"_ _2\"></span>eni<span class=\"_ _2\"></span>ng pe<span class=\"_ _2\"></span>rfor<span class=\"_ _2\"></span>man<span class=\"_ _2\"></span>ce payme<span class=\"_ _2\"></span>nts (se<span class=\"_ _2\"></span>e Note 18)<span class=\"_ _231\"> </span></div></td><td class=\"c n x391 y195b w1ad hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsac ws9f\">1<span class=\"_ _2\"></span>,910<span class=\"_ _231\"> </span></div></td><td class=\"c n x392 y195b w2c haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y195c w20f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls41 ws3e\">Opening carr<span class=\"_ _2\"></span>ying<span class=\"_ _0\"></span> value<span class=\"_ _231\"> </span></div></td><td class=\"c n x393 y195c w210 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls2f ws62\">831<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>573<span class=\"_ _231\"> </span></div></td><td class=\"c n x394 y195c w211 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls20 ws58\">80<span class=\"_ _2\"></span>0,155<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y195d w212 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls7b ws181\">Dispo<span class=\"_ _0\"></span>sals \u2013 <span class=\"_ _9\"> </span>proc<span class=\"_ _0\"></span>eeds<span class=\"_ _231\"> </span></div></td><td class=\"c n x395 y195d w213 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">(9,753)<span class=\"_ _231\"> </span></div></td><td class=\"c n x396 y195d w214 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls160 ws178\">(44<span class=\"_ _0\"></span>,344<span class=\"_ _0\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x397 y195e w215 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">\u2013  (loss)/<span class=\"_ _0\"></span>ga<span class=\"_ _2\"></span>in on s<span class=\"_ _2\"></span>ale<span class=\"_ _231\"> </span></div></td><td class=\"c n x398 y195e w216 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(542)<span class=\"_ _231\"> </span></div></td><td class=\"c n x399 y195e w217 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws55\">1<span class=\"_ _2\"></span>,382<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y195f w218 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Purc<span class=\"_ _0\"></span>hases and performance<span class=\"_ _0\"></span> payments<span class=\"_ _231\"> </span></div></td><td class=\"c n x39a y195f w219 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">7,<span class=\"_ _2\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x39b y195f w21a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws55\">45,4<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1960 w21b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Acquisiti<span class=\"_ _2\"></span>on costs cap<span class=\"_ _2\"></span>italise<span class=\"_ _2\"></span>d<span class=\"_ _231\"> </span></div></td><td class=\"c n x39c y1960 w21c hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5a ws59\">30<span class=\"_ _231\"> </span></div></td><td class=\"c n x39d y1960 w21d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5e ws5d\">332<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1961 w21e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Acquisiti<span class=\"_ _2\"></span>on costs writ<span class=\"_ _2\"></span>ten off<span class=\"_ _231\"> </span></div></td><td class=\"c n x39e y1961 w21f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls47 ws40\">(30)<span class=\"_ _231\"> </span></div></td><td class=\"c n x39f y1961 w220 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5e ws5d\">(<span class=\"_ _2\"></span>332)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1962 w221 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Unre<span class=\"_ _2\"></span>alise<span class=\"_ _2\"></span>d loss rea<span class=\"_ _2\"></span>lised d<span class=\"_ _2\"></span>urin<span class=\"_ _2\"></span>g the yea<span class=\"_ _2\"></span>r<span class=\"_ _231\"> </span></div></td><td class=\"c n x355 y1962 w222 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls20 ws58\">581<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a0 y1962 w223 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls20 ws58\">552<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1963 w224 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Reva<span class=\"_ _2\"></span>luati<span class=\"_ _2\"></span>on move<span class=\"_ _2\"></span>ment \u2013 g<span class=\"_ _2\"></span>ains<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a1 y1963 w225 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">25,48<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a2 y1963 w88 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws55\">45,49<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1964 w226 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Reva<span class=\"_ _2\"></span>luati<span class=\"_ _2\"></span>on move<span class=\"_ _2\"></span>ment \u2013 lo<span class=\"_ _2\"></span>sses<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a3 y1964 w227 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">(2<span class=\"_ _2\"></span>,010)<span class=\"_ _231\"> </span></div></td><td class=\"c n x2da y1964 w228 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls159 ws16f\">(8<span class=\"_ _2\"></span>,705<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1946 w229 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws1\">Movem<span class=\"_ _2\"></span>ent in m<span class=\"_ _2\"></span>arket val<span class=\"_ _2\"></span>ue<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a4 y1946 w22a hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,410<span class=\"_ _231\"> </span></div></td><td class=\"c n x2ba y1946 w22b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">3<span class=\"_ _2\"></span>9,82<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1947 w144 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Fixe<span class=\"_ _2\"></span>d or gua<span class=\"_ _2\"></span>rantee<span class=\"_ _2\"></span>d rent revi<span class=\"_ _2\"></span>ews de<span class=\"_ _2\"></span>recogni<span class=\"_ _2\"></span>sed on d<span class=\"_ _2\"></span>ispos<span class=\"_ _2\"></span>al or re<span class=\"_ _2\"></span>-te<span class=\"_ _2\"></span>nanti<span class=\"_ _2\"></span>ng<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a5 y1947 w22c hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls20 ws58\">559<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a6 y1947 w22d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls148 ws161\">1<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>49<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1948 w140 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Movemen<span class=\"_ _1\"></span>t in<span class=\"_ _0\"></span> f<span class=\"_ _2\"></span>ix<span class=\"_ _0\"></span>ed or guarant<span class=\"_ _0\"></span>eed rent r<span class=\"_ _0\"></span>eviews<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a7 y1948 w1dc hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls48 ws6e\">(10<span class=\"_ _0\"></span>,841)<span class=\"_ _231\"> </span></div></td><td class=\"c n x2c3 y1948 w1dd haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">(1<span class=\"_ _2\"></span>0,92<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1965 w141 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Movemen<span class=\"_ _1\"></span>t in<span class=\"_ _0\"></span> lease inc<span class=\"_ _1\"></span>entives<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a8 y1965 w22e hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws55\">(359)<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a9 y1965 w22f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls49 wsf0\">(<span class=\"_ _2\"></span>839)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1966 w230 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Move<span class=\"_ _2\"></span>ment in p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ance pay<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s (see N<span class=\"_ _2\"></span>ote 18)<span class=\"_ _231\"> </span></div></td><td class=\"c n x3aa y1966 w231 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">(1<span class=\"_ _2\"></span>,910)<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ab y1966 w232 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">1<span class=\"_ _2\"></span>,91<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y194a w233 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws1\">Movem<span class=\"_ _2\"></span>ent in c<span class=\"_ _2\"></span>arr<span class=\"_ _2\"></span>ying v<span class=\"_ _2\"></span>alue<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ac y194a w234 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls20 ws58\">8,8<span class=\"_ _2\"></span>59<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ad y194a w235 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5c ws5b\">31<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>418<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1930 w236 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws1\">Clos<span class=\"_ _2\"></span>ing ma<span class=\"_ _2\"></span>rket valu<span class=\"_ _2\"></span>e<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ae y1930 w237 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls41 ws68\">929<span class=\"_ _0\"></span>,940<span class=\"_ _231\"> </span></div></td><td class=\"c n x3af y1930 w238 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls6c wsa4\">908,<span class=\"_ _2\"></span>530<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w239 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Closi<span class=\"_ _2\"></span>ng fi<span class=\"_ _2\"></span>xed or gu<span class=\"_ _2\"></span>aran<span class=\"_ _2\"></span>teed rent rev<span class=\"_ _2\"></span>iews<span class=\"_ _231\"> </span></div></td><td class=\"c n x3b0 y1924 w56 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls55 ws53\">(<span class=\"_ _2\"></span>79,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>38)<span class=\"_ _231\"> </span></div></td><td class=\"c n x2c5 y1924 w23a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls43 ws9b\">(68,856)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w23b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls43 ws41\">Closing lease<span class=\"_ _0\"></span> incentives<span class=\"_ _231\"> </span></div></td><td class=\"c n x3b1 y1925 w23c hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls148 ws161\">(10,<span class=\"_ _2\"></span>370)<span class=\"_ _231\"> </span></div></td><td class=\"c n x3b2 y1925 w23d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls57 ws54\">(<span class=\"_ _2\"></span>10,01<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w23e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Closi<span class=\"_ _2\"></span>ng pe<span class=\"_ _2\"></span>rfor<span class=\"_ _2\"></span>man<span class=\"_ _2\"></span>ce payme<span class=\"_ _2\"></span>nts (s<span class=\"_ _2\"></span>ee Note 18)<span class=\"_ _231\"> </span></div></td><td class=\"c n x3b3 y18e4 w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x3b4 y18e4 w23f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">1<span class=\"_ _2\"></span>,910<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w240 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls45 ws24\">Closing<span class=\"_ _0\"></span> carr<span class=\"_ _2\"></span>ying<span class=\"_ _0\"></span> value<span class=\"_ _231\"> </span></div></td><td class=\"c n x3b5 y18da w241 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls49 wsf0\">84<span class=\"_ _2\"></span>0,432<span class=\"_ _231\"> </span></div></td><td class=\"c n x3b6 y18da w242 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15 wsae\">831<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>57<span class=\"_ _2\"></span>3<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h1c ff18 fs5 fc4 sc0 lsca wsf4 gs206\">Chan<span class=\"_ _2\"></span>ges i<span class=\"_ _2\"></span>n the va<span class=\"_ _2\"></span>luation of<span class=\"_ _2\"></span> investme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties<span class=\"_ _231\"> </span></div><div class=\"gs207\"><table class=\"s w243 hc8\" id=\"_3fe28d5d-aaec-4292-9d77-57f8782ffe88\"><tr><td></td><td class=\"t m0 x29f h1d y1967 ff24 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended </td><td class=\"t m0 x2a0 hd y1967 ff25 fs8 fc1 sc0 ls1d ws18\">Y<span class=\"_ _0\"></span>ear ended </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1968 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1968 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1969 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1969 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1965 w244 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">(Loss)/<span class=\"_ _0\"></span>g<span class=\"_ _2\"></span>ain on s<span class=\"_ _2\"></span>ale of i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>es<span class=\"_ _231\"> </span></div></td><td class=\"c n x3b7 y1965 w216 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(542)<span class=\"_ _231\"> </span></div></td><td class=\"c n x3b8 y1965 w245 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws55\">1<span class=\"_ _2\"></span>,382<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1966 w221 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Unre<span class=\"_ _2\"></span>alise<span class=\"_ _2\"></span>d loss rea<span class=\"_ _2\"></span>lised d<span class=\"_ _2\"></span>urin<span class=\"_ _2\"></span>g the yea<span class=\"_ _2\"></span>r<span class=\"_ _231\"> </span></div></td><td class=\"c n x355 y1966 w222 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls20 ws58\">581<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a0 y1966 w223 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls20 ws58\">552<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y194a w246 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls48 ws45\">Gain on<span class=\"_ _0\"></span> investment<span class=\"_ _0\"></span> properties realis<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>d<span class=\"_ _231\"> </span></div></td><td class=\"c n x3b9 y194a w247 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">39<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ba y194a w248 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">1<span class=\"_ _2\"></span>,93<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1930 w249 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Revaluat<span class=\"_ _2\"></span>ion moveme<span class=\"_ _2\"></span>nt<span class=\"_ _231\"> </span></div></td><td class=\"c n x3bb y1930 w24a hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">23,4<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>4<span class=\"_ _231\"> </span></div></td><td class=\"c n x2a6 y1930 w24b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls6c wsa4\">36,791<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w21e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Acquisiti<span class=\"_ _2\"></span>on costs writ<span class=\"_ _2\"></span>ten off<span class=\"_ _231\"> </span></div></td><td class=\"c n x39e y1924 w21f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls47 ws40\">(30)<span class=\"_ _231\"> </span></div></td><td class=\"c n x39f y1924 w220 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5e ws5d\">(<span class=\"_ _2\"></span>332)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w140 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Movemen<span class=\"_ _1\"></span>t in<span class=\"_ _0\"></span> f<span class=\"_ _2\"></span>ix<span class=\"_ _0\"></span>ed or guarant<span class=\"_ _0\"></span>eed rent r<span class=\"_ _0\"></span>eviews<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a7 y1925 w1dc hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls48 ws6e\">(10<span class=\"_ _0\"></span>,841)<span class=\"_ _231\"> </span></div></td><td class=\"c n x2c3 y1925 w1dd haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">(1<span class=\"_ _2\"></span>0,92<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w141 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Movemen<span class=\"_ _1\"></span>t in<span class=\"_ _0\"></span> lease inc<span class=\"_ _1\"></span>entives<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a8 y18e4 w22e hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws55\">(359)<span class=\"_ _231\"> </span></div></td><td class=\"c n x3a9 y18e4 w22f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls49 wsf0\">(<span class=\"_ _2\"></span>839)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w24c hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws1\">Ga<span class=\"_ _2\"></span>in on rev<span class=\"_ _2\"></span>aluati<span class=\"_ _2\"></span>on of inves<span class=\"_ _2\"></span>tment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es<span class=\"_ _231\"> </span></div></td><td class=\"c n x3bc y18da w3b hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">12<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td><td class=\"c n x3bd y18da w3d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">24<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs208\">Th<span class=\"_ _2\"></span>e inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies c<span class=\"_ _2\"></span>an be an<span class=\"_ _2\"></span>alys<span class=\"_ _2\"></span>ed as foll<span class=\"_ _2\"></span>ows: </div><div class=\"gs209\"><table class=\"s w14a hbe\" id=\"_41cf4672-5122-4dcd-9252-01799312eacb\"><tr><td></td><td class=\"t m0 x1ef h1d y196a ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y196a ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y196b ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5 </td><td class=\"t m0 x1f1 hd y196b ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024 </td></tr><tr><td></td><td class=\"t m0 x162 h1d y196c ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y196c ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1925 w24d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls43 ws41\">Standing assets<span class=\"_ _231\"> </span></div></td><td class=\"c n x3be y1925 w24e hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">921<span class=\"_ _2\"></span>,08<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x3bf y1925 w24f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">8<span class=\"_ _2\"></span>89,<span class=\"_ _2\"></span>25<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w250 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Developments under<span class=\"_ _0\"></span> for<span class=\"_ _2\"></span>war<span class=\"_ _0\"></span>d fund agreements<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c0 y18e4 w251 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls43 ws9b\">8,860<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c1 y18e4 w252 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">19,<span class=\"_ _2\"></span>27<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w236 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws1\">Clos<span class=\"_ _2\"></span>ing ma<span class=\"_ _2\"></span>rket valu<span class=\"_ _2\"></span>e<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ae y18da w237 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls41 ws68\">929<span class=\"_ _0\"></span>,940<span class=\"_ _231\"> </span></div></td><td class=\"c n x3af y18da w238 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls6c wsa4\">908,<span class=\"_ _2\"></span>530<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs20a\">At 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s were val<span class=\"_ _2\"></span>ued at \u00a3929,940,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a39<span class=\"_ _2\"></span>08,<span class=\"_ _2\"></span>530,0<span class=\"_ _2\"></span>00) by CB<span class=\"_ _2\"></span>RE Limi<span class=\"_ _2\"></span>ted (\u2018CBR<span class=\"_ _2\"></span>E\u2019) in th<span class=\"_ _2\"></span>eir c<span class=\"_ _2\"></span>apaci<span class=\"_ _2\"></span>ty as e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>al </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs20b\">val<span class=\"_ _2\"></span>uers<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>ation w<span class=\"_ _2\"></span>as und<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>take<span class=\"_ _2\"></span>n in accorda<span class=\"_ _2\"></span>nce with t<span class=\"_ _2\"></span>he RIC<span class=\"_ _2\"></span>S Valuati<span class=\"_ _2\"></span>on \u2013 G<span class=\"_ _2\"></span>loba<span class=\"_ _2\"></span>l Stand<span class=\"_ _2\"></span>ards, i<span class=\"_ _2\"></span>ssue<span class=\"_ _2\"></span>d by the Roy<span class=\"_ _2\"></span>al Ins<span class=\"_ _2\"></span>tituti<span class=\"_ _2\"></span>on of Cha<span class=\"_ _2\"></span>rtere<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs20c\">Sur<span class=\"_ _2\"></span>veyors (\u2018<span class=\"_ _2\"></span>RICS\u2019<span class=\"_ _2\"></span>) on the basi<span class=\"_ _2\"></span>s of Market Val<span class=\"_ _2\"></span>ue, sup<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ted by refe<span class=\"_ _2\"></span>rence to mar<span class=\"_ _2\"></span>ket evid<span class=\"_ _2\"></span>ence of tr<span class=\"_ _2\"></span>ansa<span class=\"_ _2\"></span>cti<span class=\"_ _2\"></span>on pri<span class=\"_ _2\"></span>ces for sim<span class=\"_ _2\"></span>ila<span class=\"_ _2\"></span>r prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span>. CBRE </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs20d\">has re<span class=\"_ _2\"></span>cent exp<span class=\"_ _2\"></span>erie<span class=\"_ _2\"></span>nce in th<span class=\"_ _2\"></span>e loca<span class=\"_ _2\"></span>tion a<span class=\"_ _2\"></span>nd categ<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>y of th<span class=\"_ _2\"></span>e invest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies be<span class=\"_ _2\"></span>ing v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span>d.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs20f\">Mar<span class=\"_ _2\"></span>ket Value rep<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span>s the e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated am<span class=\"_ _2\"></span>ount for w<span class=\"_ _2\"></span>hich a<span class=\"_ _2\"></span>n asset o<span class=\"_ _2\"></span>r liab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y sho<span class=\"_ _2\"></span>uld excha<span class=\"_ _2\"></span>nge o<span class=\"_ _2\"></span>n the v<span class=\"_ _2\"></span>aluati<span class=\"_ _2\"></span>on date b<span class=\"_ _2\"></span>etwe<span class=\"_ _2\"></span>en a wi<span class=\"_ _2\"></span>llin<span class=\"_ _2\"></span>g buye<span class=\"_ _2\"></span>r and </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs210\">a wil<span class=\"_ _2\"></span>ling s<span class=\"_ _2\"></span>eller i<span class=\"_ _2\"></span>n an arm\u2019s l<span class=\"_ _2\"></span>ength t<span class=\"_ _2\"></span>rans<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>ion, a<span class=\"_ _2\"></span>fter p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>r market<span class=\"_ _2\"></span>ing w<span class=\"_ _2\"></span>here th<span class=\"_ _2\"></span>e par<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s had ea<span class=\"_ _2\"></span>ch acted k<span class=\"_ _2\"></span>nowle<span class=\"_ _2\"></span>dge<span class=\"_ _2\"></span>ably, pru<span class=\"_ _2\"></span>dentl<span class=\"_ _2\"></span>y and w<span class=\"_ _2\"></span>ithou<span class=\"_ _2\"></span>t </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs211\">comp<span class=\"_ _2\"></span>uls<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>. The q<span class=\"_ _2\"></span>uar<span class=\"_ _2\"></span>terly p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y va<span class=\"_ _2\"></span>luatio<span class=\"_ _2\"></span>ns are revi<span class=\"_ _2\"></span>ewed by t<span class=\"_ _2\"></span>he Boa<span class=\"_ _2\"></span>rd at each B<span class=\"_ _2\"></span>oard me<span class=\"_ _2\"></span>etin<span class=\"_ _2\"></span>g. Th<span class=\"_ _2\"></span>e fair v<span class=\"_ _2\"></span>alue o<span class=\"_ _2\"></span>f the pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s af<span class=\"_ _2\"></span>ter adju<span class=\"_ _2\"></span>stin<span class=\"_ _2\"></span>g </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws68 gs212\">for th<span class=\"_ _2\"></span>e movem<span class=\"_ _2\"></span>ent in t<span class=\"_ _2\"></span>he fixe<span class=\"_ _2\"></span>d or gu<span class=\"_ _2\"></span>arante<span class=\"_ _2\"></span>ed rent revi<span class=\"_ _2\"></span>ews<span class=\"_ _2\"></span>, lease in<span class=\"_ _2\"></span>centive<span class=\"_ _2\"></span>s and p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce pay<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s was \u00a384<span class=\"_ _2\"></span>0,4<span class=\"_ _1\"></span>32,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3831,<span class=\"_ _2\"></span>57<span class=\"_ _2\"></span>3,00<span class=\"_ _2\"></span>0). </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws9b gs213\">Th<span class=\"_ _2\"></span>e adj<span class=\"_ _2\"></span>ustm<span class=\"_ _2\"></span>ent cons<span class=\"_ _2\"></span>isted of \u00a379,1<span class=\"_ _2\"></span>38,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a368,<span class=\"_ _2\"></span>856,0<span class=\"_ _2\"></span>00) re<span class=\"_ _2\"></span>latin<span class=\"_ _2\"></span>g to fixed o<span class=\"_ _2\"></span>r gua<span class=\"_ _2\"></span>rantee<span class=\"_ _2\"></span>d rent revie<span class=\"_ _2\"></span>ws and \u00a3<span class=\"_ _2\"></span>10,3<span class=\"_ _2\"></span>70,000 (<span class=\"_ _2\"></span>202<span class=\"_ _0\"></span>4: \u00a310,011<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0) </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs214\">of accr<span class=\"_ _2\"></span>ued in<span class=\"_ _2\"></span>come rel<span class=\"_ _2\"></span>atin<span class=\"_ _2\"></span>g to the recog<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n of rent<span class=\"_ _2\"></span>al inco<span class=\"_ _2\"></span>me over ren<span class=\"_ _2\"></span>t free pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>ds subse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>ntly am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d over the l<span class=\"_ _2\"></span>ife of the le<span class=\"_ _2\"></span>ase, wh<span class=\"_ _2\"></span>ich </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs215\">are bo<span class=\"_ _2\"></span>th sep<span class=\"_ _2\"></span>arately re<span class=\"_ _2\"></span>corded i<span class=\"_ _2\"></span>n the acco<span class=\"_ _2\"></span>unts a<span class=\"_ _2\"></span>s non<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>current o<span class=\"_ _2\"></span>r current a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s with<span class=\"_ _2\"></span>in \u2018tr<span class=\"_ _2\"></span>ade a<span class=\"_ _2\"></span>nd oth<span class=\"_ _2\"></span>er receiv<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span>s\u2019 (see Note 10). An a<span class=\"_ _2\"></span>djus<span class=\"_ _2\"></span>tment<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs216\">is al<span class=\"_ _2\"></span>so ma<span class=\"_ _2\"></span>de, wh<span class=\"_ _2\"></span>ere app<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>able, to ref<span class=\"_ _2\"></span>lect t<span class=\"_ _2\"></span>he am<span class=\"_ _2\"></span>ount by w<span class=\"_ _2\"></span>hich th<span class=\"_ _2\"></span>e por<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio va<span class=\"_ _2\"></span>lue is ex<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>ted to increas<span class=\"_ _2\"></span>e if the p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs217\">recog<span class=\"_ _2\"></span>nised i<span class=\"_ _2\"></span>n \u2018tr<span class=\"_ _2\"></span>ade a<span class=\"_ _2\"></span>nd oth<span class=\"_ _2\"></span>er paya<span class=\"_ _2\"></span>bles\u2019 a<span class=\"_ _2\"></span>re paid a<span class=\"_ _2\"></span>nd the p<span class=\"_ _2\"></span>assi<span class=\"_ _2\"></span>ng rent at t<span class=\"_ _2\"></span>he relev<span class=\"_ _2\"></span>ant prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y increase<span class=\"_ _2\"></span>d accordi<span class=\"_ _2\"></span>ngly (s<span class=\"_ _2\"></span>ee Notes 14 an<span class=\"_ _2\"></span>d 18)<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs218\">Th<span class=\"_ _2\"></span>e total p<span class=\"_ _2\"></span>urchase<span class=\"_ _2\"></span>s in the ye<span class=\"_ _2\"></span>ar to 30 Jun<span class=\"_ _2\"></span>e 2025, in<span class=\"_ _2\"></span>clusive of t<span class=\"_ _2\"></span>he pe<span class=\"_ _2\"></span>rfo<span class=\"_ _2\"></span>rman<span class=\"_ _2\"></span>ce paym<span class=\"_ _2\"></span>ents re<span class=\"_ _2\"></span>cognis<span class=\"_ _2\"></span>ed in th<span class=\"_ _2\"></span>e year a<span class=\"_ _2\"></span>nd/<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r exclusi<span class=\"_ _2\"></span>ve of thos<span class=\"_ _2\"></span>e </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs219\">recog<span class=\"_ _2\"></span>nised i<span class=\"_ _2\"></span>n the p<span class=\"_ _2\"></span>rior ye<span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>, we<span class=\"_ _2\"></span>re \u00a35,7<span class=\"_ _0\"></span>40,<span class=\"_ _2\"></span>000 (<span class=\"_ _2\"></span>202<span class=\"_ _0\"></span>4: \u00a3<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>,35<span class=\"_ _2\"></span>4,00<span class=\"_ _2\"></span>0).<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs21a\">All l<span class=\"_ _2\"></span>easeh<span class=\"_ _2\"></span>old pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s are ca<span class=\"_ _2\"></span>rrie<span class=\"_ _2\"></span>d at fair v<span class=\"_ _2\"></span>alue r<span class=\"_ _2\"></span>athe<span class=\"_ _2\"></span>r than a<span class=\"_ _2\"></span>mor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>ed over th<span class=\"_ _2\"></span>e term of th<span class=\"_ _2\"></span>e lease<span class=\"_ _2\"></span>. The s<span class=\"_ _2\"></span>ame v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>ion cri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span>a are the<span class=\"_ _2\"></span>refore </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs21b\">ap<span class=\"_ _2\"></span>plie<span class=\"_ _2\"></span>d to leaseh<span class=\"_ _2\"></span>old as f<span class=\"_ _2\"></span>reeh<span class=\"_ _2\"></span>old prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s. Ot<span class=\"_ _2\"></span>her th<span class=\"_ _2\"></span>an on<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty w<span class=\"_ _2\"></span>here th<span class=\"_ _2\"></span>e lease<span class=\"_ _2\"></span>hold e<span class=\"_ _2\"></span>xpires i<span class=\"_ _2\"></span>n 2265, a<span class=\"_ _2\"></span>ll lease<span class=\"_ _2\"></span>hold p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies have m<span class=\"_ _2\"></span>ore </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs21c\">than 800 y<span class=\"_ _0\"></span>ears remaining<span class=\"_ _1\"></span> on the l<span class=\"_ _0\"></span>ease term.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs21d\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s invest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es have b<span class=\"_ _2\"></span>een v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span>d by CBRE on a q<span class=\"_ _2\"></span>uar<span class=\"_ _2\"></span>terly b<span class=\"_ _2\"></span>asis<span class=\"_ _2\"></span>. The v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>ion me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span>olo<span class=\"_ _2\"></span>gy use<span class=\"_ _2\"></span>d is the y<span class=\"_ _2\"></span>ield m<span class=\"_ _2\"></span>ode<span class=\"_ _2\"></span>l, wh<span class=\"_ _2\"></span>ich </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs21e\">is a cons<span class=\"_ _2\"></span>istent ba<span class=\"_ _2\"></span>sis for th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>ation of i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es wit<span class=\"_ _2\"></span>hin th<span class=\"_ _2\"></span>e healt<span class=\"_ _2\"></span>hca<span class=\"_ _2\"></span>re indus<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>his m<span class=\"_ _2\"></span>ode<span class=\"_ _2\"></span>l has reg<span class=\"_ _2\"></span>ard to the cur<span class=\"_ _2\"></span>rent inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs21f\">mar<span class=\"_ _2\"></span>ket and e<span class=\"_ _2\"></span>vide<span class=\"_ _2\"></span>nce of inve<span class=\"_ _2\"></span>stor intere<span class=\"_ _2\"></span>st in pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s with i<span class=\"_ _2\"></span>ncome s<span class=\"_ _2\"></span>treams s<span class=\"_ _2\"></span>ecured o<span class=\"_ _2\"></span>n hea<span class=\"_ _2\"></span>lthca<span class=\"_ _2\"></span>re busin<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span>es. O<span class=\"_ _2\"></span>n an ass<span class=\"_ _2\"></span>et-sp<span class=\"_ _2\"></span>ecifi<span class=\"_ _2\"></span>c basis<span class=\"_ _2\"></span>, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs220\">the v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span>r makes a<span class=\"_ _2\"></span>n asse<span class=\"_ _2\"></span>ssm<span class=\"_ _2\"></span>ent of: th<span class=\"_ _2\"></span>e qua<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y of the as<span class=\"_ _2\"></span>set; rece<span class=\"_ _2\"></span>nt and cur<span class=\"_ _2\"></span>rent pe<span class=\"_ _2\"></span>rfo<span class=\"_ _2\"></span>rman<span class=\"_ _2\"></span>ce of the as<span class=\"_ _2\"></span>set; an<span class=\"_ _2\"></span>d the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial p<span class=\"_ _2\"></span>ositio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs221\">pe<span class=\"_ _2\"></span>rfor<span class=\"_ _2\"></span>man<span class=\"_ _2\"></span>ce of the tena<span class=\"_ _2\"></span>nt op<span class=\"_ _2\"></span>erator. This a<span class=\"_ _2\"></span>sset sp<span class=\"_ _2\"></span>ecif<span class=\"_ _2\"></span>ic infor<span class=\"_ _2\"></span>matio<span class=\"_ _2\"></span>n is used a<span class=\"_ _2\"></span>lon<span class=\"_ _2\"></span>gside a re<span class=\"_ _2\"></span>view of com<span class=\"_ _2\"></span>par<span class=\"_ _2\"></span>able t<span class=\"_ _2\"></span>rans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>ons in t<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>rket and a<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs222\">yie<span class=\"_ _2\"></span>ld is ap<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>ed to the as<span class=\"_ _2\"></span>set wh<span class=\"_ _2\"></span>ich, al<span class=\"_ _2\"></span>ong w<span class=\"_ _2\"></span>ith the co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ted rent<span class=\"_ _2\"></span>al level<span class=\"_ _2\"></span>, is use<span class=\"_ _2\"></span>d to deri<span class=\"_ _2\"></span>ve a market v<span class=\"_ _2\"></span>alue.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs223\">Th<span class=\"_ _2\"></span>e real es<span class=\"_ _2\"></span>tate inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt and o<span class=\"_ _2\"></span>ccupie<span class=\"_ _2\"></span>r mar<span class=\"_ _2\"></span>kets are cur<span class=\"_ _2\"></span>rently i<span class=\"_ _2\"></span>n a state of tr<span class=\"_ _2\"></span>ansit<span class=\"_ _2\"></span>ion as t<span class=\"_ _2\"></span>hey be<span class=\"_ _2\"></span>gin to al<span class=\"_ _2\"></span>ign th<span class=\"_ _2\"></span>emse<span class=\"_ _2\"></span>lves wit<span class=\"_ _2\"></span>h the sus<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>nab<span class=\"_ _2\"></span>le </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs224\">deve<span class=\"_ _2\"></span>lopm<span class=\"_ _2\"></span>ent g<span class=\"_ _2\"></span>oal<span class=\"_ _2\"></span>s of gover<span class=\"_ _2\"></span>nmen<span class=\"_ _2\"></span>t and th<span class=\"_ _2\"></span>e new g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of real es<span class=\"_ _2\"></span>tate user<span class=\"_ _2\"></span>s. Fo<span class=\"_ _2\"></span>r the pu<span class=\"_ _2\"></span>rpos<span class=\"_ _2\"></span>es of th<span class=\"_ _2\"></span>e valua<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>, CBRE have m<span class=\"_ _2\"></span>ade e<span class=\"_ _2\"></span>nqui<span class=\"_ _2\"></span>ries<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs225\">to ascer<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>in any sus<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>nabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y fac<span class=\"_ _2\"></span>tors wh<span class=\"_ _2\"></span>ich are like<span class=\"_ _2\"></span>ly to impa<span class=\"_ _2\"></span>ct on p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y va<span class=\"_ _2\"></span>lues a<span class=\"_ _2\"></span>nd have con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>red the g<span class=\"_ _2\"></span>uida<span class=\"_ _2\"></span>nce provi<span class=\"_ _2\"></span>ded by t<span class=\"_ _2\"></span>he RIC<span class=\"_ _2\"></span>S </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs226\">an<span class=\"_ _2\"></span>d VPG<span class=\"_ _2\"></span>A 8 of the R<span class=\"_ _2\"></span>ed Bo<span class=\"_ _2\"></span>ok. S<span class=\"_ _2\"></span>usta<span class=\"_ _2\"></span>inab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>y en<span class=\"_ _2\"></span>compas<span class=\"_ _2\"></span>ses a w<span class=\"_ _2\"></span>ide ra<span class=\"_ _2\"></span>nge of p<span class=\"_ _2\"></span>hysic<span class=\"_ _2\"></span>al, s<span class=\"_ _2\"></span>ocial<span class=\"_ _2\"></span>, env<span class=\"_ _2\"></span>ironm<span class=\"_ _2\"></span>enta<span class=\"_ _2\"></span>l, an<span class=\"_ _2\"></span>d econo<span class=\"_ _2\"></span>mic f<span class=\"_ _2\"></span>actor<span class=\"_ _2\"></span>s that ca<span class=\"_ _2\"></span>n </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs227\">af<span class=\"_ _2\"></span>fect th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>e of an as<span class=\"_ _2\"></span>set, eve<span class=\"_ _2\"></span>n if not ex<span class=\"_ _2\"></span>plici<span class=\"_ _2\"></span>tly recog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>is inclu<span class=\"_ _2\"></span>des key e<span class=\"_ _2\"></span>nviron<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>al ris<span class=\"_ _2\"></span>ks, s<span class=\"_ _2\"></span>uch as fl<span class=\"_ _2\"></span>oodi<span class=\"_ _2\"></span>ng, e<span class=\"_ _2\"></span>nerg<span class=\"_ _2\"></span>y eff<span class=\"_ _2\"></span>icie<span class=\"_ _2\"></span>ncy a<span class=\"_ _2\"></span>nd </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs228\">climat<span class=\"_ _0\"></span>e, as<span class=\"_ _0\"></span> well as design,<span class=\"_ _0\"></span> legislation and<span class=\"_ _0\"></span> manag<span class=\"_ _2\"></span>ement<span class=\"_ _0\"></span> considerations<span class=\"_ _0\"></span> \u2013 and curr<span class=\"_ _0\"></span>ent and hist<span class=\"_ _0\"></span>orical land use.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs229\">Th<span class=\"_ _2\"></span>e exter<span class=\"_ _2\"></span>nal v<span class=\"_ _2\"></span>aluati<span class=\"_ _2\"></span>ons ref<span class=\"_ _2\"></span>lect CB<span class=\"_ _2\"></span>RE\u2019s unde<span class=\"_ _2\"></span>rst<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ing of h<span class=\"_ _2\"></span>ow market p<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ticip<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span>s inclu<span class=\"_ _2\"></span>de sus<span class=\"_ _2\"></span>tain<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity f<span class=\"_ _2\"></span>acto<span class=\"_ _2\"></span>rs in th<span class=\"_ _2\"></span>eir de<span class=\"_ _2\"></span>cisio<span class=\"_ _2\"></span>ns and t<span class=\"_ _2\"></span>he </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs22a\">conse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>ntial i<span class=\"_ _2\"></span>mpac<span class=\"_ _2\"></span>t on ma<span class=\"_ _2\"></span>rket val<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>ns, a<span class=\"_ _2\"></span>lthou<span class=\"_ _2\"></span>gh th<span class=\"_ _2\"></span>ere is sti<span class=\"_ _2\"></span>ll a gap i<span class=\"_ _2\"></span>n the exa<span class=\"_ _2\"></span>ct kn<span class=\"_ _2\"></span>owled<span class=\"_ _2\"></span>ge of va<span class=\"_ _2\"></span>luati<span class=\"_ _2\"></span>on of sus<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>nabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y features of a g<span class=\"_ _2\"></span>reen </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls46 ws43 gs22b\">premiu<span class=\"_ _0\"></span>m or bro<span class=\"_ _0\"></span>wn disc<span class=\"_ _0\"></span>ount. Green<span class=\"_ _0\"></span> building c<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>tifica<span class=\"_ _0\"></span>tions, and r<span class=\"_ _0\"></span>educing ener<span class=\"_ _0\"></span>gy cons<span class=\"_ _1\"></span>umption<span class=\"_ _0\"></span> and carbon emiss<span class=\"_ _0\"></span>ions, are<span class=\"_ _0\"></span> factors c<span class=\"_ _0\"></span>onsidered </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs22c\">like<span class=\"_ _2\"></span>ly to impa<span class=\"_ _2\"></span>ct on rea<span class=\"_ _2\"></span>l est<span class=\"_ _2\"></span>ate decisi<span class=\"_ _2\"></span>ons an<span class=\"_ _2\"></span>d prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span>s. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs22d\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p is requi<span class=\"_ _2\"></span>red to clas<span class=\"_ _2\"></span>sif<span class=\"_ _2\"></span>y fai<span class=\"_ _2\"></span>r value m<span class=\"_ _2\"></span>easu<span class=\"_ _2\"></span>remen<span class=\"_ _2\"></span>ts of it<span class=\"_ _2\"></span>s inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies us<span class=\"_ _2\"></span>ing a fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue hie<span class=\"_ _2\"></span>rarchy, in accordan<span class=\"_ _2\"></span>ce with IFR<span class=\"_ _2\"></span>S 13 </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs22e\">\u2018Fair Valu<span class=\"_ _2\"></span>e Measu<span class=\"_ _2\"></span>remen<span class=\"_ _2\"></span>t\u2019. This hi<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>rchy reflec<span class=\"_ _2\"></span>ts th<span class=\"_ _2\"></span>e subj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>vit<span class=\"_ _2\"></span>y of the i<span class=\"_ _2\"></span>nput<span class=\"_ _2\"></span>s use<span class=\"_ _2\"></span>d, an<span class=\"_ _2\"></span>d has th<span class=\"_ _2\"></span>e followi<span class=\"_ _2\"></span>ng leve<span class=\"_ _2\"></span>ls:<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs22f\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Level 1<span class=\"_ _2\"></span>: unad<span class=\"_ _2\"></span>justed q<span class=\"_ _2\"></span>uoted p<span class=\"_ _2\"></span>rices i<span class=\"_ _2\"></span>n acti<span class=\"_ _2\"></span>ve market<span class=\"_ _2\"></span>s for id<span class=\"_ _2\"></span>enti<span class=\"_ _2\"></span>cal as<span class=\"_ _2\"></span>sets o<span class=\"_ _2\"></span>r liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es tha<span class=\"_ _2\"></span>t the en<span class=\"_ _2\"></span>tit<span class=\"_ _2\"></span>y can acces<span class=\"_ _2\"></span>s at the m<span class=\"_ _2\"></span>easu<span class=\"_ _2\"></span>rement d<span class=\"_ _2\"></span>ate<span class=\"_ _1\"></span>;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs230\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Level 2: o<span class=\"_ _2\"></span>bser<span class=\"_ _2\"></span>vab<span class=\"_ _2\"></span>le inp<span class=\"_ _2\"></span>uts o<span class=\"_ _2\"></span>ther t<span class=\"_ _2\"></span>han qu<span class=\"_ _2\"></span>oted pr<span class=\"_ _2\"></span>ices in<span class=\"_ _2\"></span>clude<span class=\"_ _2\"></span>d with<span class=\"_ _2\"></span>in level 1<span class=\"_ _2\"></span>;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs231\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Level 3: use o<span class=\"_ _2\"></span>f inpu<span class=\"_ _2\"></span>ts th<span class=\"_ _2\"></span>at are not ba<span class=\"_ _2\"></span>sed on o<span class=\"_ _2\"></span>bser<span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>ble m<span class=\"_ _2\"></span>arket dat<span class=\"_ _2\"></span>a.<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs232\">In de<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>erm<span class=\"_ _2\"></span>inin<span class=\"_ _2\"></span>g what l<span class=\"_ _2\"></span>evel of th<span class=\"_ _2\"></span>e fair v<span class=\"_ _2\"></span>alue h<span class=\"_ _2\"></span>ier<span class=\"_ _2\"></span>archy to classi<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>y the G<span class=\"_ _2\"></span>roup\u2019s inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts w<span class=\"_ _2\"></span>ithin<span class=\"_ _2\"></span>, the D<span class=\"_ _2\"></span>irector<span class=\"_ _2\"></span>s have cons<span class=\"_ _2\"></span>idere<span class=\"_ _2\"></span>d the conte<span class=\"_ _2\"></span>nt and </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs233\">concl<span class=\"_ _2\"></span>usion o<span class=\"_ _2\"></span>f the p<span class=\"_ _2\"></span>ositio<span class=\"_ _2\"></span>n pap<span class=\"_ _2\"></span>er on IFR<span class=\"_ _2\"></span>S 13 pre<span class=\"_ _2\"></span>pared by t<span class=\"_ _2\"></span>he Europ<span class=\"_ _2\"></span>ean Pub<span class=\"_ _2\"></span>lic Re<span class=\"_ _2\"></span>al Es<span class=\"_ _2\"></span>tate As<span class=\"_ _2\"></span>socia<span class=\"_ _2\"></span>tion (<span class=\"_ _2\"></span>\u2018EPR<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>), th<span class=\"_ _2\"></span>e represe<span class=\"_ _2\"></span>ntati<span class=\"_ _2\"></span>ve bod<span class=\"_ _2\"></span>y of the<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs234\">pu<span class=\"_ _2\"></span>blicl<span class=\"_ _2\"></span>y listed rea<span class=\"_ _2\"></span>l est<span class=\"_ _2\"></span>ate indu<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>y in Europ<span class=\"_ _2\"></span>e. Th<span class=\"_ _2\"></span>is pap<span class=\"_ _2\"></span>er con<span class=\"_ _2\"></span>clude<span class=\"_ _2\"></span>s that<span class=\"_ _2\"></span>, even in th<span class=\"_ _2\"></span>e mos<span class=\"_ _2\"></span>t tran<span class=\"_ _2\"></span>sparen<span class=\"_ _2\"></span>t and li<span class=\"_ _2\"></span>quid m<span class=\"_ _2\"></span>arket<span class=\"_ _2\"></span>s, it is l<span class=\"_ _2\"></span>ikely th<span class=\"_ _2\"></span>at valu<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs235\">of inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty w<span class=\"_ _2\"></span>ill us<span class=\"_ _2\"></span>e one or m<span class=\"_ _2\"></span>ore sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>cant u<span class=\"_ _2\"></span>nobs<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>vab<span class=\"_ _2\"></span>le inp<span class=\"_ _2\"></span>uts or m<span class=\"_ _2\"></span>ake at lea<span class=\"_ _2\"></span>st on<span class=\"_ _2\"></span>e signi<span class=\"_ _2\"></span>fica<span class=\"_ _2\"></span>nt adj<span class=\"_ _2\"></span>ustm<span class=\"_ _2\"></span>ent to an o<span class=\"_ _2\"></span>bser<span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>ble </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs236\">inp<span class=\"_ _2\"></span>ut, re<span class=\"_ _2\"></span>sultin<span class=\"_ _2\"></span>g in th<span class=\"_ _2\"></span>e vast m<span class=\"_ _2\"></span>ajor<span class=\"_ _2\"></span>ity o<span class=\"_ _2\"></span>f invest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies be<span class=\"_ _2\"></span>ing cl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>ied a<span class=\"_ _2\"></span>s level 3.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs237\">Obs<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>vab<span class=\"_ _2\"></span>le mar<span class=\"_ _2\"></span>ket data is co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>red to be th<span class=\"_ _2\"></span>at whi<span class=\"_ _2\"></span>ch is readi<span class=\"_ _2\"></span>ly avai<span class=\"_ _2\"></span>labl<span class=\"_ _2\"></span>e, regul<span class=\"_ _2\"></span>arly d<span class=\"_ _2\"></span>istr<span class=\"_ _2\"></span>ibuted o<span class=\"_ _2\"></span>r upd<span class=\"_ _2\"></span>ated, rel<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e and ver<span class=\"_ _2\"></span>ifia<span class=\"_ _2\"></span>ble, n<span class=\"_ _2\"></span>ot </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs238\">prop<span class=\"_ _2\"></span>riet<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, a<span class=\"_ _2\"></span>nd provi<span class=\"_ _2\"></span>ded by i<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>dent s<span class=\"_ _2\"></span>ources th<span class=\"_ _2\"></span>at are act<span class=\"_ _2\"></span>ively i<span class=\"_ _2\"></span>nvolved i<span class=\"_ _2\"></span>n the rel<span class=\"_ _2\"></span>evant m<span class=\"_ _2\"></span>arket. I<span class=\"_ _2\"></span>n arri<span class=\"_ _2\"></span>vin<span class=\"_ _2\"></span>g at the va<span class=\"_ _2\"></span>luati<span class=\"_ _2\"></span>on th<span class=\"_ _2\"></span>e exter<span class=\"_ _2\"></span>nal </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs239\">val<span class=\"_ _2\"></span>uers m<span class=\"_ _2\"></span>ake ad<span class=\"_ _2\"></span>just<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s to obse<span class=\"_ _2\"></span>rv<span class=\"_ _2\"></span>able d<span class=\"_ _2\"></span>ata of sim<span class=\"_ _2\"></span>ila<span class=\"_ _2\"></span>r prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies an<span class=\"_ _2\"></span>d tra<span class=\"_ _2\"></span>nsac<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns to determ<span class=\"_ _2\"></span>ine th<span class=\"_ _2\"></span>e fair v<span class=\"_ _2\"></span>alue o<span class=\"_ _2\"></span>f a prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y an<span class=\"_ _2\"></span>d this i<span class=\"_ _2\"></span>nvolves<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs23a\">the u<span class=\"_ _2\"></span>se of jud<span class=\"_ _2\"></span>gem<span class=\"_ _2\"></span>ent. Co<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>erin<span class=\"_ _2\"></span>g the G<span class=\"_ _2\"></span>roup\u2019s sp<span class=\"_ _2\"></span>ecif<span class=\"_ _2\"></span>ic valu<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n proces<span class=\"_ _2\"></span>s, in<span class=\"_ _2\"></span>dust<span class=\"_ _2\"></span>ry g<span class=\"_ _2\"></span>uida<span class=\"_ _2\"></span>nce, an<span class=\"_ _2\"></span>d the leve<span class=\"_ _2\"></span>l of jud<span class=\"_ _2\"></span>gem<span class=\"_ _2\"></span>ent req<span class=\"_ _2\"></span>uired in t<span class=\"_ _2\"></span>he </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs23b\">val<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>n proces<span class=\"_ _2\"></span>s, th<span class=\"_ _2\"></span>e Direc<span class=\"_ _2\"></span>tors b<span class=\"_ _2\"></span>elieve i<span class=\"_ _2\"></span>t app<span class=\"_ _2\"></span>ropria<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>e to clas<span class=\"_ _2\"></span>sif<span class=\"_ _2\"></span>y the G<span class=\"_ _2\"></span>roup\u2019s inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s withi<span class=\"_ _2\"></span>n level 3 of t<span class=\"_ _2\"></span>he fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e hie<span class=\"_ _2\"></span>rarchy<span class=\"_ _1\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs23c\">Th<span class=\"_ _2\"></span>e key uno<span class=\"_ _2\"></span>bser<span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>ble in<span class=\"_ _2\"></span>put<span class=\"_ _2\"></span>s mad<span class=\"_ _2\"></span>e in determ<span class=\"_ _2\"></span>inin<span class=\"_ _2\"></span>g the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lues a<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span>:<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs23d\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Cont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed ren<span class=\"_ _2\"></span>tal leve<span class=\"_ _2\"></span>l: the ren<span class=\"_ _2\"></span>t payab<span class=\"_ _2\"></span>le und<span class=\"_ _2\"></span>er th<span class=\"_ _2\"></span>e lease a<span class=\"_ _2\"></span>greem<span class=\"_ _2\"></span>ent at th<span class=\"_ _2\"></span>e date of val<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>n or<span class=\"_ _0\"></span>, w<span class=\"_ _2\"></span>here ap<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>cab<span class=\"_ _2\"></span>le, on exp<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>y of th<span class=\"_ _2\"></span>e rent free </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs23e\">period;<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs23f\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Yi<span class=\"_ _2\"></span>eld: the y<span class=\"_ _2\"></span>iel<span class=\"_ _2\"></span>d is defi<span class=\"_ _2\"></span>ned as t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>itial n<span class=\"_ _2\"></span>et incom<span class=\"_ _2\"></span>e from a p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y at th<span class=\"_ _2\"></span>e date of valu<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n, exp<span class=\"_ _2\"></span>resse<span class=\"_ _2\"></span>d as a percen<span class=\"_ _2\"></span>tag<span class=\"_ _2\"></span>e of the gros<span class=\"_ _2\"></span>s purcha<span class=\"_ _2\"></span>se </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs240\">pr<span class=\"_ _2\"></span>ice inclu<span class=\"_ _2\"></span>ding t<span class=\"_ _2\"></span>he cost<span class=\"_ _2\"></span>s of pu<span class=\"_ _2\"></span>rchase.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs241\">Th<span class=\"_ _2\"></span>e contra<span class=\"_ _2\"></span>cted rent<span class=\"_ _2\"></span>al leve<span class=\"_ _2\"></span>l and y<span class=\"_ _2\"></span>ield a<span class=\"_ _2\"></span>re not dire<span class=\"_ _2\"></span>ctly cor<span class=\"_ _2\"></span>related a<span class=\"_ _2\"></span>ltho<span class=\"_ _2\"></span>ugh th<span class=\"_ _2\"></span>ey may b<span class=\"_ _2\"></span>e influ<span class=\"_ _2\"></span>ence<span class=\"_ _2\"></span>d by simil<span class=\"_ _2\"></span>ar fa<span class=\"_ _2\"></span>ctors<span class=\"_ _2\"></span>. Rent is s<span class=\"_ _2\"></span>et at a lon<span class=\"_ _2\"></span>g-<span class=\"_ _2\"></span>term, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs242\">sup<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>ble leve<span class=\"_ _2\"></span>l and is l<span class=\"_ _2\"></span>ikely to b<span class=\"_ _2\"></span>e influ<span class=\"_ _2\"></span>ence<span class=\"_ _2\"></span>d by prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>-sp<span class=\"_ _2\"></span>ecifi<span class=\"_ _2\"></span>c mat<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ers<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e yie<span class=\"_ _2\"></span>ld al<span class=\"_ _2\"></span>so refle<span class=\"_ _2\"></span>cts m<span class=\"_ _2\"></span>arket se<span class=\"_ _2\"></span>ntim<span class=\"_ _2\"></span>ent an<span class=\"_ _2\"></span>d the st<span class=\"_ _2\"></span>rengt<span class=\"_ _2\"></span>h of the </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs243\">covena<span class=\"_ _2\"></span>nt provi<span class=\"_ _2\"></span>ded by th<span class=\"_ _2\"></span>e tenant w<span class=\"_ _2\"></span>ith a st<span class=\"_ _2\"></span>ronge<span class=\"_ _2\"></span>r covena<span class=\"_ _2\"></span>nt attr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>ing a lowe<span class=\"_ _2\"></span>r yie<span class=\"_ _2\"></span>ld.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls168 ws1 gs244\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s invest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es, w<span class=\"_ _2\"></span>hich a<span class=\"_ _2\"></span>re all care h<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span>s, are con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>red to be a sin<span class=\"_ _2\"></span>gle cl<span class=\"_ _2\"></span>ass of as<span class=\"_ _2\"></span>sets<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e weig<span class=\"_ _2\"></span>hted avera<span class=\"_ _2\"></span>ge net i<span class=\"_ _2\"></span>nitia<span class=\"_ _2\"></span>l yie<span class=\"_ _2\"></span>ld (\u2018<span class=\"_ _2\"></span>NIY<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>) </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls168 ws1 gs245\">on th<span class=\"_ _2\"></span>ese as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s, as me<span class=\"_ _2\"></span>asured by t<span class=\"_ _2\"></span>he EPR<span class=\"_ _2\"></span>A topp<span class=\"_ _2\"></span>ed up NI<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>, is 6.<span class=\"_ _2\"></span>2 p<span class=\"_ _2\"></span>er cent (2024<span class=\"_ _0\"></span>: 6<span class=\"_ _2\"></span>.2 p<span class=\"_ _2\"></span>er cent<span class=\"_ _2\"></span>)<span class=\"_ _1\"></span>. Th<span class=\"_ _2\"></span>e yie<span class=\"_ _2\"></span>ld on th<span class=\"_ _2\"></span>e majo<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y of th<span class=\"_ _2\"></span>e indi<span class=\"_ _2\"></span>vidu<span class=\"_ _2\"></span>al ass<span class=\"_ _2\"></span>ets r<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span>s </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls168 ws1 gs246\">from 5<span class=\"_ _2\"></span>.6 pe<span class=\"_ _2\"></span>r cent to 8.9 per cen<span class=\"_ _2\"></span>t (202<span class=\"_ _0\"></span>4: 5.<span class=\"_ _2\"></span>5 per ce<span class=\"_ _2\"></span>nt to 8.9 per cent<span class=\"_ _2\"></span>). The ave<span class=\"_ _2\"></span>rage a<span class=\"_ _2\"></span>nnu<span class=\"_ _2\"></span>al contr<span class=\"_ _2\"></span>acted re<span class=\"_ _2\"></span>nt per b<span class=\"_ _2\"></span>ed is \u00a39,696 (2024<span class=\"_ _0\"></span>: \u00a39,<span class=\"_ _2\"></span>292) with t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls168 ws1 gs247\">ann<span class=\"_ _2\"></span>ual con<span class=\"_ _2\"></span>trac<span class=\"_ _2\"></span>ted rent p<span class=\"_ _2\"></span>er be<span class=\"_ _2\"></span>d on ind<span class=\"_ _2\"></span>ivid<span class=\"_ _2\"></span>ual as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s rang<span class=\"_ _2\"></span>ing b<span class=\"_ _2\"></span>etw<span class=\"_ _2\"></span>een \u00a35<span class=\"_ _2\"></span>,093 and \u00a32<span class=\"_ _2\"></span>1,033 (2024<span class=\"_ _0\"></span>: b<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>ween \u00a34,<span class=\"_ _1\"></span>919 an<span class=\"_ _2\"></span>d \u00a320,48<span class=\"_ _2\"></span>1). The<span class=\"_ _2\"></span>re have be<span class=\"_ _2\"></span>en no<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws24 gs248\">changes t<span class=\"_ _0\"></span>o the valua<span class=\"_ _0\"></span>tion technique<span class=\"_ _0\"></span> used through<span class=\"_ _0\"></span> the period, nor hav<span class=\"_ _0\"></span>e there been an<span class=\"_ _0\"></span>y transfers<span class=\"_ _1\"></span> between lev<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>ls.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs249\">Th<span class=\"_ _2\"></span>e lease a<span class=\"_ _2\"></span>greem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s on th<span class=\"_ _2\"></span>e prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies h<span class=\"_ _2\"></span>eld wit<span class=\"_ _2\"></span>hin th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y po<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>foli<span class=\"_ _2\"></span>o gen<span class=\"_ _2\"></span>eral<span class=\"_ _2\"></span>ly allow fo<span class=\"_ _2\"></span>r annu<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>creases in t<span class=\"_ _2\"></span>he contr<span class=\"_ _2\"></span>acted<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs24a\">rent<span class=\"_ _2\"></span>al level i<span class=\"_ _2\"></span>n line w<span class=\"_ _2\"></span>ith inf<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>on, wi<span class=\"_ _2\"></span>thin a c<span class=\"_ _2\"></span>ap and a co<span class=\"_ _2\"></span>llar. An increa<span class=\"_ _2\"></span>se of 1<span class=\"_ _2\"></span>.0 per cen<span class=\"_ _2\"></span>t in the con<span class=\"_ _2\"></span>trac<span class=\"_ _2\"></span>ted renta<span class=\"_ _2\"></span>l level w<span class=\"_ _2\"></span>ill in<span class=\"_ _2\"></span>crease th<span class=\"_ _2\"></span>e fair v<span class=\"_ _2\"></span>alue <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs24b\">of th<span class=\"_ _2\"></span>e por<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio, an<span class=\"_ _2\"></span>d conse<span class=\"_ _2\"></span>quen<span class=\"_ _2\"></span>tly the G<span class=\"_ _2\"></span>roup\u2019s rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ted inco<span class=\"_ _2\"></span>me from u<span class=\"_ _2\"></span>nreal<span class=\"_ _2\"></span>ised ga<span class=\"_ _2\"></span>ins on i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s, by \u00a39,<span class=\"_ _2\"></span>299,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a39,085,0<span class=\"_ _2\"></span>00); <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs24c\">an e<span class=\"_ _2\"></span>qual a<span class=\"_ _2\"></span>nd op<span class=\"_ _2\"></span>posite m<span class=\"_ _2\"></span>ovemen<span class=\"_ _2\"></span>t would h<span class=\"_ _2\"></span>ave decrea<span class=\"_ _2\"></span>sed ne<span class=\"_ _2\"></span>t asset<span class=\"_ _2\"></span>s and d<span class=\"_ _2\"></span>ecrease<span class=\"_ _2\"></span>d the G<span class=\"_ _2\"></span>roup\u2019s in<span class=\"_ _2\"></span>come by th<span class=\"_ _2\"></span>e sam<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>unt.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs24e\">A de<span class=\"_ _2\"></span>crease of 0.<span class=\"_ _2\"></span>25 pe<span class=\"_ _2\"></span>r cent in th<span class=\"_ _2\"></span>e weig<span class=\"_ _2\"></span>hted avera<span class=\"_ _2\"></span>ge ne<span class=\"_ _2\"></span>t initia<span class=\"_ _2\"></span>l yie<span class=\"_ _2\"></span>ld app<span class=\"_ _2\"></span>lie<span class=\"_ _2\"></span>d to the po<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>foli<span class=\"_ _2\"></span>o will in<span class=\"_ _2\"></span>crease th<span class=\"_ _2\"></span>e fai<span class=\"_ _2\"></span>r value o<span class=\"_ _2\"></span>f the p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfoli<span class=\"_ _2\"></span>o by </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs24f\">\u00a338,690,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4:<span class=\"_ _1\"></span> \u00a337<span class=\"_ _0\"></span>,901,00<span class=\"_ _2\"></span>0), <span class=\"_ _1\"></span>an<span class=\"_ _2\"></span>d conseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span>ly increas<span class=\"_ _2\"></span>e the G<span class=\"_ _2\"></span>roup\u2019s rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ted incom<span class=\"_ _2\"></span>e from un<span class=\"_ _2\"></span>realis<span class=\"_ _2\"></span>ed gai<span class=\"_ _2\"></span>ns on inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s. An i<span class=\"_ _2\"></span>ncrease<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs250\">of 0.<span class=\"_ _2\"></span>25 pe<span class=\"_ _2\"></span>r cent in th<span class=\"_ _2\"></span>e weig<span class=\"_ _2\"></span>hted avera<span class=\"_ _2\"></span>ge net i<span class=\"_ _2\"></span>nitia<span class=\"_ _2\"></span>l yie<span class=\"_ _2\"></span>ld wil<span class=\"_ _2\"></span>l decreas<span class=\"_ _2\"></span>e the fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue of the p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio by \u00a335<span class=\"_ _2\"></span>,718,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a33<span class=\"_ _2\"></span>4,982,0<span class=\"_ _2\"></span>00) an<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls46 ws43 gs251\">reduc<span class=\"_ _0\"></span>e the Gr<span class=\"_ _0\"></span>oup\u2019s<span class=\"_ _1\"></span> income<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-357": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs253\">10<span class=\"_ _0\"></span>. T<span class=\"_ _f\"></span>rade and ot<span class=\"_ _0\"></span>her receivabl<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span></div><div class=\"gs1bb\"><table class=\"s w14a hc9\" id=\"_63c3dbc2-4e75-4ad8-95cf-012a973678c7\"><tr><td></td><td class=\"t m0 x1ef h1d y196d ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y196d ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y196e ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y196e ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y196f ff25 fs8 fc1 sc0 ls1d ws18\">Non-<span class=\"_ _2\"></span>cu<span class=\"_ _1\"></span>rrent<span class=\"_ _0\"></span> trade and other<span class=\"_ _0\"></span> receivables<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y196f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y196f ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1924 w253 hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls2f ws40\">Fix<span class=\"_ _2\"></span>ed ren<span class=\"_ _2\"></span>t revi<span class=\"_ _2\"></span>ews<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c2 y1924 w254 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls55 ws53\">7<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>13<span class=\"_ _2\"></span>8<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c3 y1924 w255 hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls43 ws9b\">68,856<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w256 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al de<span class=\"_ _2\"></span>posit<span class=\"_ _2\"></span>s he<span class=\"_ _2\"></span>ld in escrow for te<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c4 y1925 w257 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">12<span class=\"_ _2\"></span>,695<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c5 y1925 w258 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>893<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w259 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Leas<span class=\"_ _0\"></span>e incentiv<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c6 y18e4 w25a hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">1<span class=\"_ _1\"></span>0,028<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c7 y18e4 w25b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">9,6<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c8 y18da w25c hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">101<span class=\"_ _2\"></span>,86<span class=\"_ _2\"></span>1<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c9 y18da w9b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsab wsa5\">88<span class=\"_ _2\"></span>,426<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"gs254\"><table class=\"s w14a hca\" id=\"_23c7bd5d-80d7-4969-b600-8315a393b50e\"><tr><td></td><td class=\"t m0 x1ef h1d y1970 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y1970 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1971 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1971 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y1972 ff25 fs8 fc1 sc0 ls1d ws18\">Curren<span class=\"_ _0\"></span>t trade and o<span class=\"_ _0\"></span>ther receivabl<span class=\"_ _1\"></span>es<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1972 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1972 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y192f w259 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Leas<span class=\"_ _0\"></span>e incentiv<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ca y192f w25d hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">342<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cb y192f w25e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls75 ws47\">33<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1930 w25f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">V<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>T rec<span class=\"_ _0\"></span>overable<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cc y1930 w260 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls144 ws15d\">47<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cd y1930 w261 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>624<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w262 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Accru<span class=\"_ _2\"></span>ed in<span class=\"_ _2\"></span>come \u2013 rent re<span class=\"_ _2\"></span>ceivab<span class=\"_ _2\"></span>le<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ce y1924 w263 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">1<span class=\"_ _2\"></span>,089<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cf y1924 w264 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls75 ws47\">890<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191c w265 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Acc<span class=\"_ _0\"></span>rue<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> development int<span class=\"_ _0\"></span>erest under<span class=\"_ _1\"></span> forward fund<span class=\"_ _1\"></span> agreements<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d0 y191c w266 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">809<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d1 y191c w267 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>076<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191d w268 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other debt<span class=\"_ _0\"></span>ors and prepa<span class=\"_ _1\"></span>yments<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d2 y191d w269 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">1<span class=\"_ _2\"></span>,395<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d3 y191d w26a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15a ws170\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>74<span class=\"_ _2\"></span>3<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d4 y18da w26b hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">3,682<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d5 y18da w26c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5e ws5d\">5<span class=\"_ _2\"></span>,667<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws9b gs255\">At th<span class=\"_ _2\"></span>e year-<span class=\"_ _2\"></span>end, t<span class=\"_ _2\"></span>rad<span class=\"_ _2\"></span>e and ot<span class=\"_ _2\"></span>her rece<span class=\"_ _2\"></span>ivab<span class=\"_ _2\"></span>les in<span class=\"_ _2\"></span>clude a f<span class=\"_ _2\"></span>ixed ren<span class=\"_ _2\"></span>t review d<span class=\"_ _2\"></span>ebtor of \u00a379,1<span class=\"_ _2\"></span>38,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a368,<span class=\"_ _2\"></span>856,0<span class=\"_ _2\"></span>00) w<span class=\"_ _2\"></span>hich rep<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span>s the e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>t </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs256\">of recog<span class=\"_ _2\"></span>nisin<span class=\"_ _2\"></span>g gua<span class=\"_ _2\"></span>rantee<span class=\"_ _2\"></span>d renta<span class=\"_ _2\"></span>l uplif<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s on a st<span class=\"_ _2\"></span>raig<span class=\"_ _2\"></span>ht line b<span class=\"_ _2\"></span>asis ove<span class=\"_ _2\"></span>r the lea<span class=\"_ _2\"></span>se term an<span class=\"_ _2\"></span>d \u00a310,3<span class=\"_ _2\"></span>70,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a310,01<span class=\"_ _2\"></span>1,0<span class=\"_ _2\"></span>00) of a<span class=\"_ _2\"></span>ccrued i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs257\">rela<span class=\"_ _2\"></span>ting to th<span class=\"_ _2\"></span>e recogn<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>n of renta<span class=\"_ _2\"></span>l incom<span class=\"_ _2\"></span>e over rent f<span class=\"_ _2\"></span>ree per<span class=\"_ _2\"></span>iods s<span class=\"_ _2\"></span>ubseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span>ly amo<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ised ove<span class=\"_ _2\"></span>r the life of t<span class=\"_ _2\"></span>he leas<span class=\"_ _2\"></span>e.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-413": {
   "value": "10<span class=\"_ _0\"></span>. T<span class=\"_ _f\"></span>rade and ot<span class=\"_ _0\"></span>her receivabl<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span><table class=\"s w14a hc9\" id=\"_63c3dbc2-4e75-4ad8-95cf-012a973678c7\"><tr><td></td><td class=\"t m0 x1ef h1d y196d ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y196d ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y196e ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y196e ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y196f ff25 fs8 fc1 sc0 ls1d ws18\">Non-<span class=\"_ _2\"></span>cu<span class=\"_ _1\"></span>rrent<span class=\"_ _0\"></span> trade and other<span class=\"_ _0\"></span> receivables<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y196f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y196f ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1924 w253 hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls2f ws40\">Fix<span class=\"_ _2\"></span>ed ren<span class=\"_ _2\"></span>t revi<span class=\"_ _2\"></span>ews<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c2 y1924 w254 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls55 ws53\">7<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>13<span class=\"_ _2\"></span>8<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c3 y1924 w255 hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls43 ws9b\">68,856<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w256 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al de<span class=\"_ _2\"></span>posit<span class=\"_ _2\"></span>s he<span class=\"_ _2\"></span>ld in escrow for te<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c4 y1925 w257 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">12<span class=\"_ _2\"></span>,695<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c5 y1925 w258 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>893<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w259 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Leas<span class=\"_ _0\"></span>e incentiv<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c6 y18e4 w25a hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">1<span class=\"_ _1\"></span>0,028<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c7 y18e4 w25b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">9,6<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c8 y18da w25c hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">101<span class=\"_ _2\"></span>,86<span class=\"_ _2\"></span>1<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c9 y18da w9b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsab wsa5\">88<span class=\"_ _2\"></span>,426<span class=\"_ _231\"> </span></div></td></tr></table><table class=\"s w14a hca\" id=\"_23c7bd5d-80d7-4969-b600-8315a393b50e\"><tr><td></td><td class=\"t m0 x1ef h1d y1970 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y1970 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1971 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1971 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y1972 ff25 fs8 fc1 sc0 ls1d ws18\">Curren<span class=\"_ _0\"></span>t trade and o<span class=\"_ _0\"></span>ther receivabl<span class=\"_ _1\"></span>es<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1972 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1972 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y192f w259 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Leas<span class=\"_ _0\"></span>e incentiv<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ca y192f w25d hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">342<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cb y192f w25e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls75 ws47\">33<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1930 w25f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">V<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>T rec<span class=\"_ _0\"></span>overable<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cc y1930 w260 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls144 ws15d\">47<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cd y1930 w261 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>624<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w262 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Accru<span class=\"_ _2\"></span>ed in<span class=\"_ _2\"></span>come \u2013 rent re<span class=\"_ _2\"></span>ceivab<span class=\"_ _2\"></span>le<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ce y1924 w263 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">1<span class=\"_ _2\"></span>,089<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cf y1924 w264 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls75 ws47\">890<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191c w265 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Acc<span class=\"_ _0\"></span>rue<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> development int<span class=\"_ _0\"></span>erest under<span class=\"_ _1\"></span> forward fund<span class=\"_ _1\"></span> agreements<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d0 y191c w266 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">809<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d1 y191c w267 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>076<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191d w268 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other debt<span class=\"_ _0\"></span>ors and prepa<span class=\"_ _1\"></span>yments<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d2 y191d w269 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">1<span class=\"_ _2\"></span>,395<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d3 y191d w26a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15a ws170\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>74<span class=\"_ _2\"></span>3<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d4 y18da w26b hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">3,682<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d5 y18da w26c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5e ws5d\">5<span class=\"_ _2\"></span>,667<span class=\"_ _231\"> </span></div></td></tr></table>At th<span class=\"_ _2\"></span>e year-<span class=\"_ _2\"></span>end, t<span class=\"_ _2\"></span>rad<span class=\"_ _2\"></span>e and ot<span class=\"_ _2\"></span>her rece<span class=\"_ _2\"></span>ivab<span class=\"_ _2\"></span>les in<span class=\"_ _2\"></span>clude a f<span class=\"_ _2\"></span>ixed ren<span class=\"_ _2\"></span>t review d<span class=\"_ _2\"></span>ebtor of \u00a379,1<span class=\"_ _2\"></span>38,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a368,<span class=\"_ _2\"></span>856,0<span class=\"_ _2\"></span>00) w<span class=\"_ _2\"></span>hich rep<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span>s the e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>t of recog<span class=\"_ _2\"></span>nisin<span class=\"_ _2\"></span>g gua<span class=\"_ _2\"></span>rantee<span class=\"_ _2\"></span>d renta<span class=\"_ _2\"></span>l uplif<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s on a st<span class=\"_ _2\"></span>raig<span class=\"_ _2\"></span>ht line b<span class=\"_ _2\"></span>asis ove<span class=\"_ _2\"></span>r the lea<span class=\"_ _2\"></span>se term an<span class=\"_ _2\"></span>d \u00a310,3<span class=\"_ _2\"></span>70,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a310,01<span class=\"_ _2\"></span>1,0<span class=\"_ _2\"></span>00) of a<span class=\"_ _2\"></span>ccrued i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e rela<span class=\"_ _2\"></span>ting to th<span class=\"_ _2\"></span>e recogn<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>n of renta<span class=\"_ _2\"></span>l incom<span class=\"_ _2\"></span>e over rent f<span class=\"_ _2\"></span>ree per<span class=\"_ _2\"></span>iods s<span class=\"_ _2\"></span>ubseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span>ly amo<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ised ove<span class=\"_ _2\"></span>r the life of t<span class=\"_ _2\"></span>he leas<span class=\"_ _2\"></span>e.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-404": {
   "value": "10<span class=\"_ _0\"></span>. T<span class=\"_ _f\"></span>rade and ot<span class=\"_ _0\"></span>her receivabl<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span><table class=\"s w14a hc9\" id=\"_63c3dbc2-4e75-4ad8-95cf-012a973678c7\"><tr><td></td><td class=\"t m0 x1ef h1d y196d ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y196d ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y196e ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y196e ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y196f ff25 fs8 fc1 sc0 ls1d ws18\">Non-<span class=\"_ _2\"></span>cu<span class=\"_ _1\"></span>rrent<span class=\"_ _0\"></span> trade and other<span class=\"_ _0\"></span> receivables<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y196f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y196f ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1924 w253 hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls2f ws40\">Fix<span class=\"_ _2\"></span>ed ren<span class=\"_ _2\"></span>t revi<span class=\"_ _2\"></span>ews<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c2 y1924 w254 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls55 ws53\">7<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>13<span class=\"_ _2\"></span>8<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c3 y1924 w255 hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls43 ws9b\">68,856<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w256 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al de<span class=\"_ _2\"></span>posit<span class=\"_ _2\"></span>s he<span class=\"_ _2\"></span>ld in escrow for te<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c4 y1925 w257 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">12<span class=\"_ _2\"></span>,695<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c5 y1925 w258 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>893<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w259 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Leas<span class=\"_ _0\"></span>e incentiv<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c6 y18e4 w25a hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">1<span class=\"_ _1\"></span>0,028<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c7 y18e4 w25b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">9,6<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c8 y18da w25c hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">101<span class=\"_ _2\"></span>,86<span class=\"_ _2\"></span>1<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c9 y18da w9b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsab wsa5\">88<span class=\"_ _2\"></span>,426<span class=\"_ _231\"> </span></div></td></tr></table><table class=\"s w14a hca\" id=\"_23c7bd5d-80d7-4969-b600-8315a393b50e\"><tr><td></td><td class=\"t m0 x1ef h1d y1970 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y1970 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1971 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1971 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y1972 ff25 fs8 fc1 sc0 ls1d ws18\">Curren<span class=\"_ _0\"></span>t trade and o<span class=\"_ _0\"></span>ther receivabl<span class=\"_ _1\"></span>es<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1972 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1972 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y192f w259 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Leas<span class=\"_ _0\"></span>e incentiv<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ca y192f w25d hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">342<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cb y192f w25e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls75 ws47\">33<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1930 w25f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">V<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>T rec<span class=\"_ _0\"></span>overable<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cc y1930 w260 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls144 ws15d\">47<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cd y1930 w261 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>624<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w262 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Accru<span class=\"_ _2\"></span>ed in<span class=\"_ _2\"></span>come \u2013 rent re<span class=\"_ _2\"></span>ceivab<span class=\"_ _2\"></span>le<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ce y1924 w263 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">1<span class=\"_ _2\"></span>,089<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cf y1924 w264 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls75 ws47\">890<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191c w265 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Acc<span class=\"_ _0\"></span>rue<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> development int<span class=\"_ _0\"></span>erest under<span class=\"_ _1\"></span> forward fund<span class=\"_ _1\"></span> agreements<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d0 y191c w266 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">809<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d1 y191c w267 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>076<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191d w268 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other debt<span class=\"_ _0\"></span>ors and prepa<span class=\"_ _1\"></span>yments<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d2 y191d w269 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">1<span class=\"_ _2\"></span>,395<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d3 y191d w26a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15a ws170\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>74<span class=\"_ _2\"></span>3<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d4 y18da w26b hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">3,682<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d5 y18da w26c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5e ws5d\">5<span class=\"_ _2\"></span>,667<span class=\"_ _231\"> </span></div></td></tr></table>At th<span class=\"_ _2\"></span>e year-<span class=\"_ _2\"></span>end, t<span class=\"_ _2\"></span>rad<span class=\"_ _2\"></span>e and ot<span class=\"_ _2\"></span>her rece<span class=\"_ _2\"></span>ivab<span class=\"_ _2\"></span>les in<span class=\"_ _2\"></span>clude a f<span class=\"_ _2\"></span>ixed ren<span class=\"_ _2\"></span>t review d<span class=\"_ _2\"></span>ebtor of \u00a379,1<span class=\"_ _2\"></span>38,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a368,<span class=\"_ _2\"></span>856,0<span class=\"_ _2\"></span>00) w<span class=\"_ _2\"></span>hich rep<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span>s the e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>t of recog<span class=\"_ _2\"></span>nisin<span class=\"_ _2\"></span>g gua<span class=\"_ _2\"></span>rantee<span class=\"_ _2\"></span>d renta<span class=\"_ _2\"></span>l uplif<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>s on a st<span class=\"_ _2\"></span>raig<span class=\"_ _2\"></span>ht line b<span class=\"_ _2\"></span>asis ove<span class=\"_ _2\"></span>r the lea<span class=\"_ _2\"></span>se term an<span class=\"_ _2\"></span>d \u00a310,3<span class=\"_ _2\"></span>70,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a310,01<span class=\"_ _2\"></span>1,0<span class=\"_ _2\"></span>00) of a<span class=\"_ _2\"></span>ccrued i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e rela<span class=\"_ _2\"></span>ting to th<span class=\"_ _2\"></span>e recogn<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>n of renta<span class=\"_ _2\"></span>l incom<span class=\"_ _2\"></span>e over rent f<span class=\"_ _2\"></span>ree per<span class=\"_ _2\"></span>iods s<span class=\"_ _2\"></span>ubseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span>ly amo<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ised ove<span class=\"_ _2\"></span>r the life of t<span class=\"_ _2\"></span>he leas<span class=\"_ _2\"></span>e.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-383": {
   "value": "<table class=\"s w14a hc9\" id=\"_63c3dbc2-4e75-4ad8-95cf-012a973678c7\"><tr><td></td><td class=\"t m0 x1ef h1d y196d ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y196d ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y196e ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y196e ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y196f ff25 fs8 fc1 sc0 ls1d ws18\">Non-<span class=\"_ _2\"></span>cu<span class=\"_ _1\"></span>rrent<span class=\"_ _0\"></span> trade and other<span class=\"_ _0\"></span> receivables<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y196f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y196f ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1924 w253 hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls2f ws40\">Fix<span class=\"_ _2\"></span>ed ren<span class=\"_ _2\"></span>t revi<span class=\"_ _2\"></span>ews<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c2 y1924 w254 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls55 ws53\">7<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>13<span class=\"_ _2\"></span>8<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c3 y1924 w255 hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls43 ws9b\">68,856<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w256 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al de<span class=\"_ _2\"></span>posit<span class=\"_ _2\"></span>s he<span class=\"_ _2\"></span>ld in escrow for te<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c4 y1925 w257 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">12<span class=\"_ _2\"></span>,695<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c5 y1925 w258 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>893<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w259 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Leas<span class=\"_ _0\"></span>e incentiv<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c6 y18e4 w25a hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">1<span class=\"_ _1\"></span>0,028<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c7 y18e4 w25b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">9,6<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c8 y18da w25c hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">101<span class=\"_ _2\"></span>,86<span class=\"_ _2\"></span>1<span class=\"_ _231\"> </span></div></td><td class=\"c n x3c9 y18da w9b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsab wsa5\">88<span class=\"_ _2\"></span>,426<span class=\"_ _231\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-384": {
   "value": "<table class=\"s w14a hca\" id=\"_23c7bd5d-80d7-4969-b600-8315a393b50e\"><tr><td></td><td class=\"t m0 x1ef h1d y1970 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y1970 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1971 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1971 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y1972 ff25 fs8 fc1 sc0 ls1d ws18\">Curren<span class=\"_ _0\"></span>t trade and o<span class=\"_ _0\"></span>ther receivabl<span class=\"_ _1\"></span>es<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1972 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1972 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y192f w259 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Leas<span class=\"_ _0\"></span>e incentiv<span class=\"_ _0\"></span>es<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ca y192f w25d hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">342<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cb y192f w25e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls75 ws47\">33<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1930 w25f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">V<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>T rec<span class=\"_ _0\"></span>overable<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cc y1930 w260 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls144 ws15d\">47<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cd y1930 w261 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf0 wsff\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>624<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w262 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Accru<span class=\"_ _2\"></span>ed in<span class=\"_ _2\"></span>come \u2013 rent re<span class=\"_ _2\"></span>ceivab<span class=\"_ _2\"></span>le<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ce y1924 w263 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">1<span class=\"_ _2\"></span>,089<span class=\"_ _231\"> </span></div></td><td class=\"c n x3cf y1924 w264 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls75 ws47\">890<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191c w265 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Acc<span class=\"_ _0\"></span>rue<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> development int<span class=\"_ _0\"></span>erest under<span class=\"_ _1\"></span> forward fund<span class=\"_ _1\"></span> agreements<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d0 y191c w266 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">809<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d1 y191c w267 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>076<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191d w268 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other debt<span class=\"_ _0\"></span>ors and prepa<span class=\"_ _1\"></span>yments<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d2 y191d w269 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">1<span class=\"_ _2\"></span>,395<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d3 y191d w26a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15a ws170\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>74<span class=\"_ _2\"></span>3<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d4 y18da w26b hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">3,682<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d5 y18da w26c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5e ws5d\">5<span class=\"_ _2\"></span>,667<span class=\"_ _231\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-358": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs259\">11<span class=\"_ _2\"></span>. Inv<span class=\"_ _0\"></span>estment i<span class=\"_ _0\"></span>n subsidiary undertakings<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs25a\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p inclu<span class=\"_ _2\"></span>ded 50 s<span class=\"_ _2\"></span>ubsid<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>y comp<span class=\"_ _2\"></span>ani<span class=\"_ _2\"></span>es as at 30 J<span class=\"_ _2\"></span>une 2025 (2024<span class=\"_ _0\"></span>: 49). All s<span class=\"_ _2\"></span>ubsid<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>y comp<span class=\"_ _2\"></span>anie<span class=\"_ _2\"></span>s were wh<span class=\"_ _2\"></span>olly ow<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span>, eithe<span class=\"_ _2\"></span>r direc<span class=\"_ _2\"></span>tly or<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs25b\">ind<span class=\"_ _2\"></span>irect<span class=\"_ _2\"></span>ly<span class=\"_ _0\"></span>, by t<span class=\"_ _2\"></span>he Comp<span class=\"_ _2\"></span>any an<span class=\"_ _2\"></span>d, from t<span class=\"_ _2\"></span>he date of acq<span class=\"_ _2\"></span>uisit<span class=\"_ _2\"></span>ion on<span class=\"_ _2\"></span>wards<span class=\"_ _2\"></span>, the pr<span class=\"_ _2\"></span>incip<span class=\"_ _2\"></span>al ac<span class=\"_ _2\"></span>tivi<span class=\"_ _2\"></span>ty of ea<span class=\"_ _2\"></span>ch comp<span class=\"_ _2\"></span>any with<span class=\"_ _2\"></span>in the G<span class=\"_ _2\"></span>roup w<span class=\"_ _2\"></span>as to act as<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs25c\">an inv<span class=\"_ _0\"></span>estment and pr<span class=\"_ _1\"></span>oper<span class=\"_ _2\"></span>ty c<span class=\"_ _0\"></span>om<span class=\"_ _2\"></span>pan<span class=\"_ _0\"></span>y.<span class=\"_ _0\"></span> O<span class=\"_ _2\"></span>ther<span class=\"_ _0\"></span> than one subsidiary inc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>rporat<span class=\"_ _0\"></span>ed in Jersey<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> two subsidi<span class=\"_ _1\"></span>aries inc<span class=\"_ _0\"></span>orpo<span class=\"_ _2\"></span>rat<span class=\"_ _0\"></span>ed in Gibraltar<span class=\"_ _0\"></span> and t<span class=\"_ _2\"></span>wo<span class=\"_ _1\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs25d\">subsidiari<span class=\"_ _1\"></span>es inc<span class=\"_ _0\"></span>orp<span class=\"_ _2\"></span>orat<span class=\"_ _0\"></span>ed in Lu<span class=\"_ _1\"></span>xembourg,<span class=\"_ _0\"></span> all subsidiaries<span class=\"_ _0\"></span> are inc<span class=\"_ _1\"></span>orporated<span class=\"_ _0\"></span> within the Uni<span class=\"_ _1\"></span>ted<span class=\"_ _0\"></span> Kingdom<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs25e\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p incor<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ated one s<span class=\"_ _2\"></span>ubsid<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>y dur<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>he year, with th<span class=\"_ _2\"></span>e intenti<span class=\"_ _2\"></span>on that t<span class=\"_ _2\"></span>his be u<span class=\"_ _2\"></span>sed in d<span class=\"_ _2\"></span>ue cour<span class=\"_ _2\"></span>se to hold p<span class=\"_ _2\"></span>otenti<span class=\"_ _2\"></span>al for<span class=\"_ _2\"></span>ward f<span class=\"_ _2\"></span>und </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs25f\">deve<span class=\"_ _2\"></span>lopm<span class=\"_ _2\"></span>ent(s). Th<span class=\"_ _2\"></span>e Group d<span class=\"_ _2\"></span>id not a<span class=\"_ _2\"></span>cquire o<span class=\"_ _2\"></span>r disp<span class=\"_ _2\"></span>ose of any su<span class=\"_ _2\"></span>bsidi<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s duri<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e year (2024<span class=\"_ _0\"></span>: t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up did n<span class=\"_ _2\"></span>ot incor<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ate, acqui<span class=\"_ _2\"></span>re or </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs260\">disp<span class=\"_ _2\"></span>ose of a<span class=\"_ _2\"></span>ny subsi<span class=\"_ _2\"></span>diari<span class=\"_ _2\"></span>es du<span class=\"_ _2\"></span>ring t<span class=\"_ _2\"></span>he year).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-411": {
   "value": "11<span class=\"_ _2\"></span>. Inv<span class=\"_ _0\"></span>estment i<span class=\"_ _0\"></span>n subsidiary undertakings<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p inclu<span class=\"_ _2\"></span>ded 50 s<span class=\"_ _2\"></span>ubsid<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>y comp<span class=\"_ _2\"></span>ani<span class=\"_ _2\"></span>es as at 30 J<span class=\"_ _2\"></span>une 2025 (2024<span class=\"_ _0\"></span>: 49). All s<span class=\"_ _2\"></span>ubsid<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>y comp<span class=\"_ _2\"></span>anie<span class=\"_ _2\"></span>s were wh<span class=\"_ _2\"></span>olly ow<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span>, eithe<span class=\"_ _2\"></span>r direc<span class=\"_ _2\"></span>tly or<span class=\"_ _2\"></span> ind<span class=\"_ _2\"></span>irect<span class=\"_ _2\"></span>ly<span class=\"_ _0\"></span>, by t<span class=\"_ _2\"></span>he Comp<span class=\"_ _2\"></span>any an<span class=\"_ _2\"></span>d, from t<span class=\"_ _2\"></span>he date of acq<span class=\"_ _2\"></span>uisit<span class=\"_ _2\"></span>ion on<span class=\"_ _2\"></span>wards<span class=\"_ _2\"></span>, the pr<span class=\"_ _2\"></span>incip<span class=\"_ _2\"></span>al ac<span class=\"_ _2\"></span>tivi<span class=\"_ _2\"></span>ty of ea<span class=\"_ _2\"></span>ch comp<span class=\"_ _2\"></span>any with<span class=\"_ _2\"></span>in the G<span class=\"_ _2\"></span>roup w<span class=\"_ _2\"></span>as to act as<span class=\"_ _2\"></span> an inv<span class=\"_ _0\"></span>estment and pr<span class=\"_ _1\"></span>oper<span class=\"_ _2\"></span>ty c<span class=\"_ _0\"></span>om<span class=\"_ _2\"></span>pan<span class=\"_ _0\"></span>y.<span class=\"_ _0\"></span> O<span class=\"_ _2\"></span>ther<span class=\"_ _0\"></span> than one subsidiary inc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>rporat<span class=\"_ _0\"></span>ed in Jersey<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> two subsidi<span class=\"_ _1\"></span>aries inc<span class=\"_ _0\"></span>orpo<span class=\"_ _2\"></span>rat<span class=\"_ _0\"></span>ed in Gibraltar<span class=\"_ _0\"></span> and t<span class=\"_ _2\"></span>wo<span class=\"_ _1\"></span> subsidiari<span class=\"_ _1\"></span>es inc<span class=\"_ _0\"></span>orp<span class=\"_ _2\"></span>orat<span class=\"_ _0\"></span>ed in Lu<span class=\"_ _1\"></span>xembourg,<span class=\"_ _0\"></span> all subsidiaries<span class=\"_ _0\"></span> are inc<span class=\"_ _1\"></span>orporated<span class=\"_ _0\"></span> within the Uni<span class=\"_ _1\"></span>ted<span class=\"_ _0\"></span> Kingdom<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p incor<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ated one s<span class=\"_ _2\"></span>ubsid<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>y dur<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>he year, with th<span class=\"_ _2\"></span>e intenti<span class=\"_ _2\"></span>on that t<span class=\"_ _2\"></span>his be u<span class=\"_ _2\"></span>sed in d<span class=\"_ _2\"></span>ue cour<span class=\"_ _2\"></span>se to hold p<span class=\"_ _2\"></span>otenti<span class=\"_ _2\"></span>al for<span class=\"_ _2\"></span>ward f<span class=\"_ _2\"></span>und deve<span class=\"_ _2\"></span>lopm<span class=\"_ _2\"></span>ent(s). Th<span class=\"_ _2\"></span>e Group d<span class=\"_ _2\"></span>id not a<span class=\"_ _2\"></span>cquire o<span class=\"_ _2\"></span>r disp<span class=\"_ _2\"></span>ose of any su<span class=\"_ _2\"></span>bsidi<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s duri<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e year (2024<span class=\"_ _0\"></span>: t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up did n<span class=\"_ _2\"></span>ot incor<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ate, acqui<span class=\"_ _2\"></span>re or disp<span class=\"_ _2\"></span>ose of a<span class=\"_ _2\"></span>ny subsi<span class=\"_ _2\"></span>diari<span class=\"_ _2\"></span>es du<span class=\"_ _2\"></span>ring t<span class=\"_ _2\"></span>he year).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-385": {
   "value": "11<span class=\"_ _2\"></span>. Inv<span class=\"_ _0\"></span>estment i<span class=\"_ _0\"></span>n subsidiary undertakings<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p inclu<span class=\"_ _2\"></span>ded 50 s<span class=\"_ _2\"></span>ubsid<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>y comp<span class=\"_ _2\"></span>ani<span class=\"_ _2\"></span>es as at 30 J<span class=\"_ _2\"></span>une 2025 (2024<span class=\"_ _0\"></span>: 49). All s<span class=\"_ _2\"></span>ubsid<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>y comp<span class=\"_ _2\"></span>anie<span class=\"_ _2\"></span>s were wh<span class=\"_ _2\"></span>olly ow<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span>, eithe<span class=\"_ _2\"></span>r direc<span class=\"_ _2\"></span>tly or<span class=\"_ _2\"></span> ind<span class=\"_ _2\"></span>irect<span class=\"_ _2\"></span>ly<span class=\"_ _0\"></span>, by t<span class=\"_ _2\"></span>he Comp<span class=\"_ _2\"></span>any an<span class=\"_ _2\"></span>d, from t<span class=\"_ _2\"></span>he date of acq<span class=\"_ _2\"></span>uisit<span class=\"_ _2\"></span>ion on<span class=\"_ _2\"></span>wards<span class=\"_ _2\"></span>, the pr<span class=\"_ _2\"></span>incip<span class=\"_ _2\"></span>al ac<span class=\"_ _2\"></span>tivi<span class=\"_ _2\"></span>ty of ea<span class=\"_ _2\"></span>ch comp<span class=\"_ _2\"></span>any with<span class=\"_ _2\"></span>in the G<span class=\"_ _2\"></span>roup w<span class=\"_ _2\"></span>as to act as<span class=\"_ _2\"></span> an inv<span class=\"_ _0\"></span>estment and pr<span class=\"_ _1\"></span>oper<span class=\"_ _2\"></span>ty c<span class=\"_ _0\"></span>om<span class=\"_ _2\"></span>pan<span class=\"_ _0\"></span>y.<span class=\"_ _0\"></span> O<span class=\"_ _2\"></span>ther<span class=\"_ _0\"></span> than one subsidiary inc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>rporat<span class=\"_ _0\"></span>ed in Jersey<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> two subsidi<span class=\"_ _1\"></span>aries inc<span class=\"_ _0\"></span>orpo<span class=\"_ _2\"></span>rat<span class=\"_ _0\"></span>ed in Gibraltar<span class=\"_ _0\"></span> and t<span class=\"_ _2\"></span>wo<span class=\"_ _1\"></span> subsidiari<span class=\"_ _1\"></span>es inc<span class=\"_ _0\"></span>orp<span class=\"_ _2\"></span>orat<span class=\"_ _0\"></span>ed in Lu<span class=\"_ _1\"></span>xembourg,<span class=\"_ _0\"></span> all subsidiaries<span class=\"_ _0\"></span> are inc<span class=\"_ _1\"></span>orporated<span class=\"_ _0\"></span> within the Uni<span class=\"_ _1\"></span>ted<span class=\"_ _0\"></span> Kingdom<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p incor<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ated one s<span class=\"_ _2\"></span>ubsid<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>y dur<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>he year, with th<span class=\"_ _2\"></span>e intenti<span class=\"_ _2\"></span>on that t<span class=\"_ _2\"></span>his be u<span class=\"_ _2\"></span>sed in d<span class=\"_ _2\"></span>ue cour<span class=\"_ _2\"></span>se to hold p<span class=\"_ _2\"></span>otenti<span class=\"_ _2\"></span>al for<span class=\"_ _2\"></span>ward f<span class=\"_ _2\"></span>und deve<span class=\"_ _2\"></span>lopm<span class=\"_ _2\"></span>ent(s). Th<span class=\"_ _2\"></span>e Group d<span class=\"_ _2\"></span>id not a<span class=\"_ _2\"></span>cquire o<span class=\"_ _2\"></span>r disp<span class=\"_ _2\"></span>ose of any su<span class=\"_ _2\"></span>bsidi<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s duri<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e year (2024<span class=\"_ _0\"></span>: t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up did n<span class=\"_ _2\"></span>ot incor<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ate, acqui<span class=\"_ _2\"></span>re or disp<span class=\"_ _2\"></span>ose of a<span class=\"_ _2\"></span>ny subsi<span class=\"_ _2\"></span>diari<span class=\"_ _2\"></span>es du<span class=\"_ _2\"></span>ring t<span class=\"_ _2\"></span>he year).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-359": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls15 ws12 gs262\">12<span class=\"_ _2\"></span>. Cash an<span class=\"_ _2\"></span>d cash equivalents<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs263\">All c<span class=\"_ _2\"></span>ash ba<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>ces at the ye<span class=\"_ _2\"></span>ar-e<span class=\"_ _2\"></span>nd were h<span class=\"_ _2\"></span>eld in c<span class=\"_ _2\"></span>ash, cur<span class=\"_ _2\"></span>rent accou<span class=\"_ _2\"></span>nts or d<span class=\"_ _2\"></span>epo<span class=\"_ _2\"></span>sit account<span class=\"_ _2\"></span>s.<span class=\"_ _231\"> </span></div><div class=\"gs264\"><table class=\"s w14a hbe\" id=\"_2721d4d4-b867-47aa-9daa-d8b66dc514b9\"><tr><td></td><td class=\"t m0 x1ef h1d y1973 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y1973 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1974 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1974 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y1975 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1975 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1925 w26d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Cas<span class=\"_ _2\"></span>h at ban<span class=\"_ _2\"></span>k and in h<span class=\"_ _2\"></span>and<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d6 y1925 w26e hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">11<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>302<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d7 y1925 w26f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">15,813<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w270 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Sho<span class=\"_ _2\"></span>rt-term de<span class=\"_ _2\"></span>posits<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d8 y18e4 w271 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">28<span class=\"_ _2\"></span>,337<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d9 y18e4 w272 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsb1 wsb4\">23<span class=\"_ _2\"></span>,07<span class=\"_ _2\"></span>1<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3da y18da wa5 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">39,639<span class=\"_ _231\"> </span></div></td><td class=\"c n x3db y18da wa6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">38,884<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs265\">Th<span class=\"_ _2\"></span>e cash o<span class=\"_ _2\"></span>n dep<span class=\"_ _2\"></span>osit at 30 J<span class=\"_ _2\"></span>une 2025 in<span class=\"_ _2\"></span>clud<span class=\"_ _2\"></span>ed \u00a328,<span class=\"_ _2\"></span>226,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>22,989,00<span class=\"_ _2\"></span>0) he<span class=\"_ _2\"></span>ld in a secu<span class=\"_ _2\"></span>red accoun<span class=\"_ _2\"></span>t in relat<span class=\"_ _2\"></span>ion to th<span class=\"_ _2\"></span>e loan f<span class=\"_ _2\"></span>rom </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs266\">Pho<span class=\"_ _2\"></span>eni<span class=\"_ _2\"></span>x Group fo<span class=\"_ _2\"></span>llowin<span class=\"_ _2\"></span>g disp<span class=\"_ _2\"></span>osa<span class=\"_ _2\"></span>ls ma<span class=\"_ _2\"></span>de by th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>. The u<span class=\"_ _2\"></span>se of this c<span class=\"_ _2\"></span>ash is res<span class=\"_ _2\"></span>tric<span class=\"_ _2\"></span>ted unti<span class=\"_ _2\"></span>l the G<span class=\"_ _2\"></span>roup eit<span class=\"_ _2\"></span>her p<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>tiall<span class=\"_ _2\"></span>y repays th<span class=\"_ _2\"></span>e loan o<span class=\"_ _2\"></span>r </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs267\">ple<span class=\"_ _2\"></span>dge<span class=\"_ _2\"></span>s repla<span class=\"_ _2\"></span>ceme<span class=\"_ _2\"></span>nt asset<span class=\"_ _2\"></span>s as se<span class=\"_ _2\"></span>curit<span class=\"_ _2\"></span>y<span class=\"_ _1\"></span>. A<span class=\"_ _2\"></span>s at 30 Jun<span class=\"_ _2\"></span>e 2025, th<span class=\"_ _2\"></span>e Group h<span class=\"_ _2\"></span>ad suf<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>cient u<span class=\"_ _2\"></span>nencu<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>red ass<span class=\"_ _2\"></span>ets wh<span class=\"_ _2\"></span>ich coul<span class=\"_ _2\"></span>d be pl<span class=\"_ _2\"></span>edge<span class=\"_ _2\"></span>d as </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs268\">ad<span class=\"_ _2\"></span>ditio<span class=\"_ _2\"></span>nal se<span class=\"_ _2\"></span>curit<span class=\"_ _2\"></span>y in o<span class=\"_ _2\"></span>rder to relea<span class=\"_ _2\"></span>se the<span class=\"_ _2\"></span>se fun<span class=\"_ _2\"></span>ds.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-360": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls49 ws47 gs26a\">13. Loans<span class=\"_ _231\"> </span></div><div class=\"gs1ad\"><table class=\"s wf4 hcb\" id=\"_59ca294f-992e-4bdb-9407-ac5c3b887714\"><tr><td></td><td class=\"t m0 x1ef h1d y1976 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y1976 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1977 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1977 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y1978 ff25 fs8 fc1 sc0 ls71 ws76\">Non-<span class=\"_ _2\"></span>curr<span class=\"_ _0\"></span>ent loans<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1978 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1978 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y191b w273 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls7c ws67\">Princ<span class=\"_ _0\"></span>ipal amoun<span class=\"_ _0\"></span>t outstanding<span class=\"_ _231\"> </span></div></td><td class=\"c n x3dc y191b w274 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls63 ws64\">150,<span class=\"_ _0\"></span>000<span class=\"_ _231\"> </span></div></td><td class=\"c n x3dd y191b w275 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls14d ws77\">2<span class=\"_ _0\"></span>43,<span class=\"_ _0\"></span>000<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191c w276 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls49 ws89\">Se<span class=\"_ _2\"></span>t-u<span class=\"_ _2\"></span>p cos<span class=\"_ _2\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x3de y191c w277 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">(2<span class=\"_ _2\"></span>,41<span class=\"_ _2\"></span>3)<span class=\"_ _231\"> </span></div></td><td class=\"c n x3df y191c w278 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15 wsae\">(4,<span class=\"_ _2\"></span>520<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191d w279 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tisat<span class=\"_ _2\"></span>ion of se<span class=\"_ _2\"></span>t-up cos<span class=\"_ _2\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e0 y191d w27a hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">852<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e1 y191d w27b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls159 ws16f\">2<span class=\"_ _2\"></span>,192<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e2 y18da w27c hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls49 wsf0\">14<span class=\"_ _2\"></span>8,439<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e3 y18da w27d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws44\">2<span class=\"_ _0\"></span>40,672<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"gs26b\"><table class=\"s w14a hcc\" id=\"_1c34c99d-48fc-41e4-9216-46bb3352ed82\"><tr><td></td><td class=\"t m0 x1ef h1d y1979 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y1979 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y197a ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y197a ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y197b ff25 fs8 fc1 sc0 ls71 ws76\">Curren<span class=\"_ _0\"></span>t loans<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y197b ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y197b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1900 w273 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls7c ws67\">Princ<span class=\"_ _0\"></span>ipal amoun<span class=\"_ _0\"></span>t outstanding<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e4 y1900 w27e hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls63 ws64\">92,000<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e5 y1900 w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18ce w276 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls49 ws89\">Se<span class=\"_ _2\"></span>t-u<span class=\"_ _2\"></span>p cos<span class=\"_ _2\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x3de y18ce w27f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls159 ws16f\">(2<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>07)<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e6 y18ce w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18ac w279 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tisat<span class=\"_ _2\"></span>ion of se<span class=\"_ _2\"></span>t-up cos<span class=\"_ _2\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e7 y18ac w280 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls20 ws58\">1<span class=\"_ _2\"></span>,959<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e8 y18ac w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hcd\"><div class=\"t m0 x154 h17 y197c ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3da y18da w281 hcd\"><div class=\"t m0 x154 h17 y197c ff24 fs2 fc1 sc0 ls4 ws55\">91<span class=\"_ _2\"></span>,852<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e9 y18da w2c haf\"><div class=\"t m0 x154 h17 y197c ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs26d\">In Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2020, the G<span class=\"_ _2\"></span>roup en<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ered i<span class=\"_ _2\"></span>nto a \u00a370,000,<span class=\"_ _2\"></span>000 co<span class=\"_ _2\"></span>mmit<span class=\"_ _2\"></span>ted term lo<span class=\"_ _2\"></span>an an<span class=\"_ _2\"></span>d revolvi<span class=\"_ _2\"></span>ng credit f<span class=\"_ _2\"></span>acil<span class=\"_ _2\"></span>ity w<span class=\"_ _2\"></span>ith th<span class=\"_ _2\"></span>e Royal Ba<span class=\"_ _2\"></span>nk of Scotl<span class=\"_ _2\"></span>and p<span class=\"_ _2\"></span>lc </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs26e\">(\u2018<span class=\"_ _2\"></span>RBS\u2019<span class=\"_ _2\"></span>) whi<span class=\"_ _2\"></span>ch is repaya<span class=\"_ _2\"></span>ble in N<span class=\"_ _2\"></span>ovemb<span class=\"_ _2\"></span>er 2025. I<span class=\"_ _2\"></span>nterest a<span class=\"_ _2\"></span>ccrues o<span class=\"_ _2\"></span>n the b<span class=\"_ _2\"></span>ank lo<span class=\"_ _2\"></span>an at a var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate, base<span class=\"_ _2\"></span>d on SO<span class=\"_ _2\"></span>NIA pl<span class=\"_ _2\"></span>us margi<span class=\"_ _2\"></span>n and m<span class=\"_ _2\"></span>anda<span class=\"_ _2\"></span>tor<span class=\"_ _2\"></span>y </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs26f\">len<span class=\"_ _2\"></span>ding cos<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span>, and is p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le qua<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span>ly<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>rgin is 2.<span class=\"_ _2\"></span>18 per ce<span class=\"_ _2\"></span>nt per a<span class=\"_ _2\"></span>nnum o<span class=\"_ _2\"></span>n \u00a350,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 of th<span class=\"_ _2\"></span>e facil<span class=\"_ _2\"></span>ity a<span class=\"_ _2\"></span>nd 2.<span class=\"_ _2\"></span>33 per ce<span class=\"_ _2\"></span>nt per a<span class=\"_ _2\"></span>nnu<span class=\"_ _2\"></span>m </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs270\">on th<span class=\"_ _2\"></span>e rema<span class=\"_ _2\"></span>inin<span class=\"_ _2\"></span>g \u00a320,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 revolv<span class=\"_ _2\"></span>ing cred<span class=\"_ _2\"></span>it faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, bo<span class=\"_ _2\"></span>th for th<span class=\"_ _2\"></span>e durat<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e loan<span class=\"_ _2\"></span>. A non<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>util<span class=\"_ _2\"></span>isati<span class=\"_ _2\"></span>on fee of 1<span class=\"_ _2\"></span>.1<span class=\"_ _2\"></span>3 per cent p<span class=\"_ _2\"></span>er an<span class=\"_ _2\"></span>num is<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs271\">paya<span class=\"_ _2\"></span>ble o<span class=\"_ _2\"></span>n the fi<span class=\"_ _2\"></span>rst \u00a3<span class=\"_ _2\"></span>20,000<span class=\"_ _2\"></span>,000 o<span class=\"_ _2\"></span>f any und<span class=\"_ _2\"></span>rawn e<span class=\"_ _2\"></span>leme<span class=\"_ _2\"></span>nt of the f<span class=\"_ _2\"></span>acil<span class=\"_ _2\"></span>ity, reduci<span class=\"_ _2\"></span>ng to 1.<span class=\"_ _2\"></span>05 per ce<span class=\"_ _2\"></span>nt per a<span class=\"_ _2\"></span>nnum t<span class=\"_ _2\"></span>hereaf<span class=\"_ _2\"></span>ter. As at 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _2\"></span>, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs272\">the G<span class=\"_ _2\"></span>roup h<span class=\"_ _2\"></span>ad dra<span class=\"_ _2\"></span>wn \u00a3<span class=\"_ _0\"></span>42,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 u<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>r this fa<span class=\"_ _2\"></span>cilit<span class=\"_ _2\"></span>y (2024<span class=\"_ _0\"></span>: \u00a34<span class=\"_ _1\"></span>3,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00).<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs273\">In Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2020, the G<span class=\"_ _2\"></span>roup en<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ered i<span class=\"_ _2\"></span>nto a \u00a3100,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 revol<span class=\"_ _2\"></span>ving cre<span class=\"_ _2\"></span>dit fa<span class=\"_ _2\"></span>cilit<span class=\"_ _2\"></span>y with H<span class=\"_ _2\"></span>SBC Ban<span class=\"_ _2\"></span>k plc (<span class=\"_ _2\"></span>\u2018HSB<span class=\"_ _2\"></span>C\u2019<span class=\"_ _2\"></span>) which is re<span class=\"_ _2\"></span>payab<span class=\"_ _2\"></span>le in </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws9b gs274\">Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2025. Intere<span class=\"_ _2\"></span>st accru<span class=\"_ _2\"></span>es on th<span class=\"_ _2\"></span>e ban<span class=\"_ _2\"></span>k loan at a v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble rate, b<span class=\"_ _2\"></span>ased o<span class=\"_ _2\"></span>n SONI<span class=\"_ _2\"></span>A plus ma<span class=\"_ _2\"></span>rgin an<span class=\"_ _2\"></span>d man<span class=\"_ _2\"></span>dator<span class=\"_ _2\"></span>y le<span class=\"_ _2\"></span>ndin<span class=\"_ _2\"></span>g costs<span class=\"_ _2\"></span>, an<span class=\"_ _2\"></span>d is payab<span class=\"_ _2\"></span>le </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs275\">qua<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span>ly<span class=\"_ _1\"></span>. Th<span class=\"_ _2\"></span>e marg<span class=\"_ _2\"></span>in is 2.17 p<span class=\"_ _2\"></span>er cent p<span class=\"_ _2\"></span>er an<span class=\"_ _2\"></span>num for t<span class=\"_ _2\"></span>he dur<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of the lo<span class=\"_ _2\"></span>an an<span class=\"_ _2\"></span>d a non<span class=\"_ _2\"></span>-u<span class=\"_ _2\"></span>tilis<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n fee of 0.92 per cen<span class=\"_ _2\"></span>t per an<span class=\"_ _2\"></span>num is p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs276\">on a<span class=\"_ _2\"></span>ny undr<span class=\"_ _2\"></span>awn ele<span class=\"_ _2\"></span>ment o<span class=\"_ _2\"></span>f the fa<span class=\"_ _2\"></span>cilit<span class=\"_ _2\"></span>y. As at 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup ha<span class=\"_ _2\"></span>d drawn \u00a3<span class=\"_ _2\"></span>50,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 und<span class=\"_ _2\"></span>er this f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty (2024<span class=\"_ _1\"></span>: \u00a350,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00).<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs277\">Sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>ent to the ye<span class=\"_ _2\"></span>ar en<span class=\"_ _2\"></span>d, the RB<span class=\"_ _2\"></span>S and HSB<span class=\"_ _2\"></span>C faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s have each b<span class=\"_ _2\"></span>een ref<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nced. Re<span class=\"_ _2\"></span>fer to Note 20 for det<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>s.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs278\">In Ja<span class=\"_ _2\"></span>nuar<span class=\"_ _2\"></span>y 2020 an<span class=\"_ _2\"></span>d Novem<span class=\"_ _2\"></span>ber 202<span class=\"_ _2\"></span>1, th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p entered i<span class=\"_ _2\"></span>nto c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>mmit<span class=\"_ _2\"></span>ted term l<span class=\"_ _2\"></span>oan fa<span class=\"_ _2\"></span>cilit<span class=\"_ _2\"></span>ies wit<span class=\"_ _2\"></span>h Pho<span class=\"_ _2\"></span>enix G<span class=\"_ _2\"></span>roup of \u00a350<span class=\"_ _2\"></span>,000,<span class=\"_ _2\"></span>000 a<span class=\"_ _2\"></span>nd </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs279\">\u00a337<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>250,0<span class=\"_ _2\"></span>00, res<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>tively. Bot<span class=\"_ _2\"></span>h thes<span class=\"_ _2\"></span>e facil<span class=\"_ _2\"></span>ities a<span class=\"_ _2\"></span>re repaya<span class=\"_ _2\"></span>ble on 1<span class=\"_ _2\"></span>2 Jan<span class=\"_ _2\"></span>uar<span class=\"_ _2\"></span>y 2032. T<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up has a f<span class=\"_ _2\"></span>urt<span class=\"_ _2\"></span>her com<span class=\"_ _2\"></span>mit<span class=\"_ _2\"></span>ted term lo<span class=\"_ _2\"></span>an faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y with<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs27a\">Pho<span class=\"_ _2\"></span>eni<span class=\"_ _2\"></span>x Group of \u00a362,750,<span class=\"_ _2\"></span>000 w<span class=\"_ _2\"></span>hich is re<span class=\"_ _2\"></span>payab<span class=\"_ _2\"></span>le on 1<span class=\"_ _2\"></span>2 Janu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y 2037<span class=\"_ _0\"></span>. Interes<span class=\"_ _2\"></span>t accru<span class=\"_ _2\"></span>es on th<span class=\"_ _2\"></span>ese th<span class=\"_ _2\"></span>ree loa<span class=\"_ _2\"></span>ns at ag<span class=\"_ _2\"></span>gregate an<span class=\"_ _2\"></span>nua<span class=\"_ _2\"></span>l fixed r<span class=\"_ _2\"></span>ates </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs27b\">of intere<span class=\"_ _2\"></span>st of 3.<span class=\"_ _2\"></span>28 pe<span class=\"_ _2\"></span>r cent, 3<span class=\"_ _2\"></span>.13 p<span class=\"_ _2\"></span>er cent a<span class=\"_ _2\"></span>nd 3.<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>4 p<span class=\"_ _2\"></span>er cent<span class=\"_ _2\"></span>, resp<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>vely an<span class=\"_ _2\"></span>d is paya<span class=\"_ _2\"></span>ble q<span class=\"_ _2\"></span>uar<span class=\"_ _2\"></span>terly. As at 3<span class=\"_ _2\"></span>0 June 2025<span class=\"_ _2\"></span>, the G<span class=\"_ _2\"></span>roup ha<span class=\"_ _2\"></span>d draw<span class=\"_ _2\"></span>n </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls14d ws182 gs27c\">\u00a3150<span class=\"_ _0\"></span>,000,<span class=\"_ _0\"></span>000 und<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span> thes<span class=\"_ _0\"></span>e fac<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>: \u00a315<span class=\"_ _0\"></span>0,000<span class=\"_ _0\"></span>,000)<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs27d\">Th<span class=\"_ _2\"></span>e follow<span class=\"_ _2\"></span>ing inte<span class=\"_ _2\"></span>rest rate d<span class=\"_ _2\"></span>eriv<span class=\"_ _2\"></span>atives w<span class=\"_ _2\"></span>ere in pl<span class=\"_ _2\"></span>ace dur<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>ded 3<span class=\"_ _2\"></span>0 Jun<span class=\"_ _2\"></span>e 2025<span class=\"_ _0\"></span>:<span class=\"_ _231\"> </span></div><div class=\"gs27e\"><table class=\"s w282 hce\" id=\"_7c82e82d-927b-4e48-ba94-25e3cfad65be\"><tr><td class=\"c n x165 y197d w283 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls139 ws183\">Notional<span class=\"_ _0\"></span> Value<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ea y197d w284 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls95 ws9c\">Starting Date<span class=\"_ _231\"> </span></div></td><td class=\"c n x3eb y197d w285 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls87 ws8c\">E<span class=\"_ _1\"></span>nding<span class=\"_ _0\"></span> Date<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ec y197d w286 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls71 ws76\">Inter<span class=\"_ _0\"></span>est paid<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ed y197d w287 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls1d ws18\">Int<span class=\"_ _1\"></span>erest<span class=\"_ _1\"></span> rec<span class=\"_ _0\"></span>eived<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ee y197d w288 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls71 ws174\">Count<span class=\"_ _0\"></span>erpar<span class=\"_ _2\"></span>ty<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193e w289 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls14d ws77\">30<span class=\"_ _0\"></span>,000,<span class=\"_ _0\"></span>000<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ef y193e w28a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsac ws59\">5 Nove<span class=\"_ _2\"></span>mb<span class=\"_ _2\"></span>er 2020<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f0 y193e w28b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">5 Novemb<span class=\"_ _2\"></span>er 2025<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f1 y193e w28c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsac ws9f\">0.<span class=\"_ _2\"></span>30%<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f2 y193e w28d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls46 ws43\">Daily c<span class=\"_ _0\"></span>ompounded SONIA (<span class=\"_ _0\"></span>floor at<span class=\"_ _0\"></span> -<span class=\"_ _2\"></span>0.08%)<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f3 y193e w113 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls59 ws57\">RBS<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w28e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls14d ws77\">50<span class=\"_ _0\"></span>,000,<span class=\"_ _0\"></span>000<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f4 y18da w28f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">1 Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2022<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f5 y18da w290 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">5 Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2025<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f6 y18da w291 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls23 ws1b\">nil<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f7 y18da w292 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Dai<span class=\"_ _2\"></span>ly comp<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ded SO<span class=\"_ _2\"></span>NIA ab<span class=\"_ _2\"></span>ove 3.0% c<span class=\"_ _2\"></span>ap<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f8 y18da w293 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls75 ws47\">HSBC<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs27f\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p paid a p<span class=\"_ _2\"></span>remiu<span class=\"_ _2\"></span>m of \u00a32,<span class=\"_ _2\"></span>57<span class=\"_ _2\"></span>7<span class=\"_ _f\"></span>,0<span class=\"_ _2\"></span>00, i<span class=\"_ _2\"></span>nclusi<span class=\"_ _2\"></span>ve of tra<span class=\"_ _2\"></span>nsac<span class=\"_ _2\"></span>tion cos<span class=\"_ _2\"></span>ts of \u00a3<span class=\"_ _2\"></span>16<span class=\"_ _0\"></span>9,0<span class=\"_ _2\"></span>00, o<span class=\"_ _2\"></span>n entr<span class=\"_ _2\"></span>y into th<span class=\"_ _2\"></span>e \u00a350,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 interes<span class=\"_ _2\"></span>t rate ca<span class=\"_ _2\"></span>p in </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls82 ws68 gs280\">Novem<span class=\"_ _2\"></span>ber 2022.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs281\">At 30 J<span class=\"_ _2\"></span>une 2025, i<span class=\"_ _2\"></span>nclusi<span class=\"_ _2\"></span>ve of the i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s, th<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate on \u00a323<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 of the G<span class=\"_ _2\"></span>roup\u2019s bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs has b<span class=\"_ _2\"></span>een c<span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>ed, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs282\">inc<span class=\"_ _2\"></span>ludin<span class=\"_ _2\"></span>g the a<span class=\"_ _2\"></span>mor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of loan a<span class=\"_ _2\"></span>rran<span class=\"_ _2\"></span>gem<span class=\"_ _2\"></span>ent cost<span class=\"_ _2\"></span>s, at a<span class=\"_ _2\"></span>n all<span class=\"_ _2\"></span>-in r<span class=\"_ _2\"></span>ate of 3.70 pe<span class=\"_ _2\"></span>r cent per a<span class=\"_ _2\"></span>nnu<span class=\"_ _2\"></span>m until at l<span class=\"_ _2\"></span>east 5 N<span class=\"_ _2\"></span>ovemb<span class=\"_ _2\"></span>er 2025. T<span class=\"_ _2\"></span>he rem<span class=\"_ _2\"></span>ainin<span class=\"_ _2\"></span>g </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs283\">\u00a390,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 of d<span class=\"_ _2\"></span>ebt, o<span class=\"_ _2\"></span>f which \u00a3<span class=\"_ _2\"></span>12,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 w<span class=\"_ _2\"></span>as draw<span class=\"_ _2\"></span>n at 30 Jun<span class=\"_ _2\"></span>e 2025, wou<span class=\"_ _2\"></span>ld, if f<span class=\"_ _2\"></span>ully dr<span class=\"_ _2\"></span>awn, c<span class=\"_ _2\"></span>arr<span class=\"_ _2\"></span>y intere<span class=\"_ _2\"></span>st at a va<span class=\"_ _2\"></span>riab<span class=\"_ _2\"></span>le rate eq<span class=\"_ _2\"></span>ual to <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs284\">dai<span class=\"_ _2\"></span>ly comp<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ded SO<span class=\"_ _2\"></span>NIA pl<span class=\"_ _2\"></span>us a weig<span class=\"_ _2\"></span>hted aver<span class=\"_ _2\"></span>age le<span class=\"_ _2\"></span>ndin<span class=\"_ _2\"></span>g marg<span class=\"_ _2\"></span>in, in<span class=\"_ _2\"></span>cludi<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e amor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of loan a<span class=\"_ _2\"></span>rra<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>ment cos<span class=\"_ _2\"></span>ts, o<span class=\"_ _2\"></span>f 2.46 pe<span class=\"_ _2\"></span>r cent <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls1 ws24 gs285\">per annum.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs286\">Th<span class=\"_ _2\"></span>e agg<span class=\"_ _2\"></span>regate fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e of the i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s hel<span class=\"_ _2\"></span>d at 30 Jun<span class=\"_ _2\"></span>e 2025 was an a<span class=\"_ _2\"></span>sset of \u00a357<span class=\"_ _2\"></span>2,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a32<span class=\"_ _2\"></span>,820,00<span class=\"_ _2\"></span>0). The G<span class=\"_ _2\"></span>roup </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs287\">categ<span class=\"_ _2\"></span>oris<span class=\"_ _2\"></span>es all i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s as level 2 i<span class=\"_ _2\"></span>n the fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue hie<span class=\"_ _2\"></span>rarchy as t<span class=\"_ _2\"></span>hey are va<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span>d with refere<span class=\"_ _2\"></span>nce to pub<span class=\"_ _2\"></span>lishe<span class=\"_ _2\"></span>d interes<span class=\"_ _2\"></span>t rates (se<span class=\"_ _2\"></span>e </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs288\">Note 9 for f<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>ther e<span class=\"_ _2\"></span>xpla<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e fair v<span class=\"_ _2\"></span>alue h<span class=\"_ _2\"></span>iera<span class=\"_ _2\"></span>rchy)<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs289\">At 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he no<span class=\"_ _2\"></span>mina<span class=\"_ _2\"></span>l valu<span class=\"_ _2\"></span>e of the G<span class=\"_ _2\"></span>roup\u2019s lo<span class=\"_ _2\"></span>ans eq<span class=\"_ _2\"></span>uated to \u00a324<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a324<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0)<span class=\"_ _0\"></span>. E<span class=\"_ _2\"></span>xclud<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ves </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs28a\">referre<span class=\"_ _2\"></span>d to above, t<span class=\"_ _2\"></span>he fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of the<span class=\"_ _2\"></span>se loan<span class=\"_ _2\"></span>s, bas<span class=\"_ _2\"></span>ed on a di<span class=\"_ _2\"></span>scounted c<span class=\"_ _2\"></span>ashf<span class=\"_ _2\"></span>low usin<span class=\"_ _2\"></span>g the ma<span class=\"_ _2\"></span>rket rate o<span class=\"_ _2\"></span>n the rele<span class=\"_ _2\"></span>vant trea<span class=\"_ _2\"></span>sur<span class=\"_ _2\"></span>y plu<span class=\"_ _2\"></span>s an est<span class=\"_ _2\"></span>imated<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs28b\">marg<span class=\"_ _2\"></span>in bas<span class=\"_ _2\"></span>ed on ma<span class=\"_ _2\"></span>rket con<span class=\"_ _2\"></span>ditio<span class=\"_ _2\"></span>ns at 30 Ju<span class=\"_ _2\"></span>ne 2025, tot<span class=\"_ _2\"></span>alled<span class=\"_ _2\"></span>, in ag<span class=\"_ _2\"></span>gregate, \u00a32<span class=\"_ _2\"></span>14,0<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>1,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>213<span class=\"_ _2\"></span>,2<span class=\"_ _2\"></span>20,000<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he pay<span class=\"_ _2\"></span>ment re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>d to </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs28c\">rede<span class=\"_ _2\"></span>em th<span class=\"_ _2\"></span>e loans i<span class=\"_ _2\"></span>n full<span class=\"_ _2\"></span>, inco<span class=\"_ _2\"></span>rpo<span class=\"_ _2\"></span>ratin<span class=\"_ _2\"></span>g the ter<span class=\"_ _2\"></span>ms of the S<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>s clause i<span class=\"_ _2\"></span>n relat<span class=\"_ _2\"></span>ion to the P<span class=\"_ _2\"></span>hoe<span class=\"_ _2\"></span>nix G<span class=\"_ _2\"></span>roup fa<span class=\"_ _2\"></span>ciliti<span class=\"_ _2\"></span>es, wo<span class=\"_ _2\"></span>uld have b<span class=\"_ _2\"></span>een \u00a3<span class=\"_ _2\"></span>225,493,0<span class=\"_ _2\"></span>00 </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs28d\">(202<span class=\"_ _0\"></span>4: \u00a32<span class=\"_ _2\"></span>26,72<span class=\"_ _2\"></span>1,0<span class=\"_ _2\"></span>00). The l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>re catego<span class=\"_ _2\"></span>rised a<span class=\"_ _2\"></span>s level 3 in t<span class=\"_ _2\"></span>he fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e hie<span class=\"_ _2\"></span>rarchy gi<span class=\"_ _2\"></span>ven the e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated marg<span class=\"_ _2\"></span>in is not o<span class=\"_ _2\"></span>bser<span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>ble m<span class=\"_ _2\"></span>arket dat<span class=\"_ _2\"></span>a.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs28e\">Th<span class=\"_ _2\"></span>e RBS loa<span class=\"_ _2\"></span>n is secu<span class=\"_ _2\"></span>red by way of a f<span class=\"_ _2\"></span>ixed an<span class=\"_ _2\"></span>d float<span class=\"_ _2\"></span>ing ch<span class=\"_ _2\"></span>arge over t<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>jorit<span class=\"_ _2\"></span>y of t<span class=\"_ _2\"></span>he ass<span class=\"_ _2\"></span>ets of th<span class=\"_ _2\"></span>e THR N<span class=\"_ _2\"></span>umb<span class=\"_ _2\"></span>er On<span class=\"_ _2\"></span>e plc G<span class=\"_ _2\"></span>roup (\u2018<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>HR1 G<span class=\"_ _2\"></span>roup\u2019<span class=\"_ _2\"></span>) </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs28f\">whi<span class=\"_ _2\"></span>ch consis<span class=\"_ _2\"></span>ts of T<span class=\"_ _2\"></span>HR1 a<span class=\"_ _2\"></span>nd it<span class=\"_ _2\"></span>s five su<span class=\"_ _2\"></span>bsidi<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he Pho<span class=\"_ _2\"></span>eni<span class=\"_ _2\"></span>x Group l<span class=\"_ _2\"></span>oans of \u00a35<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 and \u00a33<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>,250,0<span class=\"_ _2\"></span>00 a<span class=\"_ _2\"></span>re secured by w<span class=\"_ _2\"></span>ay of a fixe<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs290\">an<span class=\"_ _2\"></span>d float<span class=\"_ _2\"></span>ing cha<span class=\"_ _2\"></span>rge over t<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>jorit<span class=\"_ _2\"></span>y of th<span class=\"_ _2\"></span>e asse<span class=\"_ _2\"></span>ts of th<span class=\"_ _2\"></span>e THR N<span class=\"_ _2\"></span>umb<span class=\"_ _2\"></span>er 12 p<span class=\"_ _2\"></span>lc Gro<span class=\"_ _2\"></span>up (\u2018<span class=\"_ _2\"></span>TH<span class=\"_ _2\"></span>R1<span class=\"_ _2\"></span>2 Group\u2019<span class=\"_ _2\"></span>) wh<span class=\"_ _2\"></span>ich consis<span class=\"_ _2\"></span>ts of T<span class=\"_ _2\"></span>HR1<span class=\"_ _2\"></span>2 an<span class=\"_ _2\"></span>d its e<span class=\"_ _2\"></span>ight </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs291\">subs<span class=\"_ _2\"></span>idia<span class=\"_ _2\"></span>ries<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e Phoe<span class=\"_ _2\"></span>nix G<span class=\"_ _2\"></span>roup lo<span class=\"_ _2\"></span>an of \u00a3<span class=\"_ _1\"></span>62,750,<span class=\"_ _2\"></span>000 i<span class=\"_ _2\"></span>s secured by w<span class=\"_ _2\"></span>ay of a fixe<span class=\"_ _2\"></span>d and f<span class=\"_ _2\"></span>loati<span class=\"_ _2\"></span>ng cha<span class=\"_ _2\"></span>rge over th<span class=\"_ _2\"></span>e maj<span class=\"_ _2\"></span>orit<span class=\"_ _2\"></span>y of th<span class=\"_ _2\"></span>e asset<span class=\"_ _2\"></span>s of TH<span class=\"_ _2\"></span>R </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs292\">Num<span class=\"_ _2\"></span>ber 43 p<span class=\"_ _2\"></span>lc (\u2018<span class=\"_ _2\"></span>THR43\u2019<span class=\"_ _2\"></span>). The HSB<span class=\"_ _2\"></span>C loan i<span class=\"_ _2\"></span>s secured by w<span class=\"_ _2\"></span>ay of a fixe<span class=\"_ _2\"></span>d and f<span class=\"_ _2\"></span>loati<span class=\"_ _2\"></span>ng cha<span class=\"_ _2\"></span>rge over th<span class=\"_ _2\"></span>e maj<span class=\"_ _2\"></span>orit<span class=\"_ _2\"></span>y of th<span class=\"_ _2\"></span>e asset<span class=\"_ _2\"></span>s of th<span class=\"_ _2\"></span>e THR Nu<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 15 </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs293\">plc G<span class=\"_ _2\"></span>roup (<span class=\"_ _2\"></span>\u2018T<span class=\"_ _2\"></span>HR<span class=\"_ _2\"></span>15 Gro<span class=\"_ _2\"></span>up\u2019) w<span class=\"_ _2\"></span>hich con<span class=\"_ _2\"></span>sist<span class=\"_ _2\"></span>s of THR<span class=\"_ _2\"></span>15 an<span class=\"_ _2\"></span>d its 18 s<span class=\"_ _2\"></span>ubsid<span class=\"_ _2\"></span>iari<span class=\"_ _2\"></span>es. I<span class=\"_ _2\"></span>n aggre<span class=\"_ _2\"></span>gate, the G<span class=\"_ _2\"></span>roup h<span class=\"_ _2\"></span>as gra<span class=\"_ _2\"></span>nted a fixe<span class=\"_ _2\"></span>d charg<span class=\"_ _2\"></span>e over prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs294\">wit<span class=\"_ _2\"></span>h a market v<span class=\"_ _2\"></span>alue of \u00a37<span class=\"_ _2\"></span>54,<span class=\"_ _2\"></span>390,00<span class=\"_ _2\"></span>0 as at 30 J<span class=\"_ _2\"></span>une 2025 (2024<span class=\"_ _1\"></span>: \u00a37<span class=\"_ _0\"></span>43,<span class=\"_ _2\"></span>265,0<span class=\"_ _2\"></span>00). </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs295\">Un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>e covenan<span class=\"_ _2\"></span>ts rel<span class=\"_ _2\"></span>ated to the lo<span class=\"_ _2\"></span>ans, w<span class=\"_ _2\"></span>hich a<span class=\"_ _2\"></span>re t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>sted qu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>terly, the G<span class=\"_ _2\"></span>roup is to ens<span class=\"_ _2\"></span>ure that:<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs296\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">th<span class=\"_ _2\"></span>e loan to va<span class=\"_ _2\"></span>lue pe<span class=\"_ _2\"></span>rcenta<span class=\"_ _2\"></span>ge for each o<span class=\"_ _2\"></span>f THR<span class=\"_ _2\"></span>1 Group a<span class=\"_ _2\"></span>nd TH<span class=\"_ _2\"></span>R1<span class=\"_ _2\"></span>5 Group d<span class=\"_ _2\"></span>oes n<span class=\"_ _2\"></span>ot exceed 50 p<span class=\"_ _2\"></span>er cent<span class=\"_ _2\"></span>;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs297\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">th<span class=\"_ _2\"></span>e loan to va<span class=\"_ _2\"></span>lue pe<span class=\"_ _2\"></span>rcenta<span class=\"_ _2\"></span>ge for TH<span class=\"_ _2\"></span>R1<span class=\"_ _2\"></span>2 Group a<span class=\"_ _2\"></span>nd TH<span class=\"_ _2\"></span>R4<span class=\"_ _0\"></span>3 d<span class=\"_ _2\"></span>oes n<span class=\"_ _2\"></span>ot exceed 60 p<span class=\"_ _2\"></span>er cent<span class=\"_ _2\"></span>;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs298\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">th<span class=\"_ _2\"></span>e interest cove<span class=\"_ _2\"></span>r for THR<span class=\"_ _2\"></span>1 Gro<span class=\"_ _2\"></span>up is greater t<span class=\"_ _2\"></span>han 225 p<span class=\"_ _2\"></span>er cent o<span class=\"_ _2\"></span>n any ca<span class=\"_ _2\"></span>lculat<span class=\"_ _2\"></span>ion date;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs299\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">th<span class=\"_ _2\"></span>e interest cove<span class=\"_ _2\"></span>r for THR<span class=\"_ _2\"></span>15 G<span class=\"_ _2\"></span>roup is gre<span class=\"_ _2\"></span>ater than 20<span class=\"_ _2\"></span>0 pe<span class=\"_ _2\"></span>r cent on any c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n date; and<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs29a\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">th<span class=\"_ _2\"></span>e debt y<span class=\"_ _2\"></span>ield fo<span class=\"_ _2\"></span>r each of TH<span class=\"_ _2\"></span>R1<span class=\"_ _2\"></span>2 Grou<span class=\"_ _2\"></span>p and T<span class=\"_ _2\"></span>HR4<span class=\"_ _0\"></span>3 i<span class=\"_ _2\"></span>s greater tha<span class=\"_ _2\"></span>n 10 per cent o<span class=\"_ _2\"></span>n any ca<span class=\"_ _2\"></span>lculat<span class=\"_ _2\"></span>ion da<span class=\"_ _2\"></span>te.<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs29b\">Th<span class=\"_ _2\"></span>e sign<span class=\"_ _2\"></span>ific<span class=\"_ _2\"></span>ant term<span class=\"_ _2\"></span>s of the f<span class=\"_ _2\"></span>acilit<span class=\"_ _2\"></span>ies rem<span class=\"_ _2\"></span>aine<span class=\"_ _2\"></span>d unch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>ed and a<span class=\"_ _2\"></span>ll loa<span class=\"_ _2\"></span>n covenant<span class=\"_ _2\"></span>s have b<span class=\"_ _2\"></span>een com<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>ed wit<span class=\"_ _2\"></span>h durin<span class=\"_ _2\"></span>g the ye<span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs29c\">An<span class=\"_ _2\"></span>alysi<span class=\"_ _2\"></span>s of net de<span class=\"_ _2\"></span>bt:<span class=\"_ _231\"> </span></div><div class=\"gs29d\"><table class=\"s w294 hcf\" id=\"_0cdf62b0-ac6c-44f7-9157-594ee590f17e\"><tr><td></td><td class=\"t m0 x231 h1d y197e ff24 fs8 fc1 sc0 ls95 ws9c\">Cash and cash </td><td></td><td></td><td class=\"t m0 x3f9 hd y197e ff25 fs8 fc1 sc0 ls1c ws1\">Ca<span class=\"_ _2\"></span>sh an<span class=\"_ _2\"></span>d cash<span class=\"_ _2\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3fa h1d y197f ff24 fs8 fc1 sc0 ls166 ws184\">equivalents<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fb h1d y197f ff24 fs8 fc1 sc0 lsaa wsad\">Borr<span class=\"_ _2\"></span>owing<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fc h1d y197f ff24 fs8 fc1 sc0 ls1c ws1\">Net d<span class=\"_ _2\"></span>ebt<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fd hd y197f ff25 fs8 fc1 sc0 ls13a ws160\">equivalents<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fe hd y197f ff25 fs8 fc1 sc0 ls1c ws150\">Bo<span class=\"_ _2\"></span>rrow<span class=\"_ _2\"></span>ing<span class=\"_ _231\"> </span></td><td class=\"t m0 x3ff hd y197f ff25 fs8 fc1 sc0 ls1c ws1\">Net d<span class=\"_ _2\"></span>ebt<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x35f h1d y1980 ff24 fs8 fc1 sc0 lsa9 wsac\">2025<span class=\"_ _231\"> </span></td><td class=\"t m0 x360 h1d y1980 ff24 fs8 fc1 sc0 lsa9 wsac\">2025<span class=\"_ _231\"> </span></td><td class=\"t m0 x159 h1d y1980 ff24 fs8 fc1 sc0 lsa9 wsac\">2025<span class=\"_ _231\"> </span></td><td class=\"t m0 x361 hd y1980 ff25 fs8 fc1 sc0 lsaa wsad\">2024<span class=\"_ _231\"> </span></td><td class=\"t m0 x1ef hd y1980 ff25 fs8 fc1 sc0 lsaa wsad\">2024<span class=\"_ _231\"> </span></td><td class=\"t m0 x236 hd y1980 ff25 fs8 fc1 sc0 lsaa wsad\">2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x15e h1d y1981 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x15f h1d y1981 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 h1d y1981 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 hd y1981 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y1981 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1981 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1924 w295 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Opening balance<span class=\"_ _231\"> </span></div></td><td class=\"c n x400 y1924 w296 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls45 ws44\">38,884<span class=\"_ _231\"> </span></div></td><td class=\"c n x401 y1924 w297 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(240,672)<span class=\"_ _231\"> </span></div></td><td class=\"c n x402 y1924 w298 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls47 ws40\">(201<span class=\"_ _2\"></span>,788)<span class=\"_ _231\"> </span></div></td><td class=\"c n x403 y1924 w299 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls6c wsa4\">15,<span class=\"_ _2\"></span>366<span class=\"_ _231\"> </span></div></td><td class=\"c n x404 y1924 w20a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">(<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>)<span class=\"_ _231\"> </span></div></td><td class=\"c n x405 y1924 w29a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5e ws5d\">(<span class=\"_ _2\"></span>211<span class=\"_ _2\"></span>,685)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w29b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Cas<span class=\"_ _2\"></span>h flows<span class=\"_ _231\"> </span></div></td><td class=\"c n x406 y1925 w13a hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">755<span class=\"_ _231\"> </span></div></td><td class=\"c n x407 y1925 w29c hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls63 ws64\">1<span class=\"_ _2\"></span>,000<span class=\"_ _231\"> </span></div></td><td class=\"c n x16e y1925 w29d hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">1<span class=\"_ _2\"></span>,755<span class=\"_ _231\"> </span></div></td><td class=\"c n x408 y1925 w29e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls57 ws54\">23<span class=\"_ _2\"></span>,51<span class=\"_ _2\"></span>8<span class=\"_ _231\"> </span></div></td><td class=\"c n x409 y1925 w29f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls14d ws77\">(13,<span class=\"_ _0\"></span>000)<span class=\"_ _231\"> </span></div></td><td class=\"c n x40a y1925 w2a0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls57 ws54\">10,<span class=\"_ _2\"></span>518<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w2a1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws45\">Non-<span class=\"_ _2\"></span>cash<span class=\"_ _0\"></span> f<span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>ws<span class=\"_ _231\"> </span></div></td><td class=\"c n x40b y18e4 w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x40c y18e4 w2a2 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsad wsb0\">(619)<span class=\"_ _231\"> </span></div></td><td class=\"c n x40d y18e4 w2a3 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsad wsb0\">(61<span class=\"_ _2\"></span>9)<span class=\"_ _231\"> </span></div></td><td class=\"c n x40e y18e4 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x40f y18e4 w2a4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">(62<span class=\"_ _2\"></span>1)<span class=\"_ _231\"> </span></div></td><td class=\"c n x410 y18e4 w2a4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">(621<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w2a5 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws1\">Clos<span class=\"_ _2\"></span>ing ba<span class=\"_ _2\"></span>lance a<span class=\"_ _2\"></span>s at 30 Jun<span class=\"_ _2\"></span>e<span class=\"_ _231\"> </span></div></td><td class=\"c n x411 y18da wa5 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">39,639<span class=\"_ _231\"> </span></div></td><td class=\"c n x412 y18da w2a6 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(240,<span class=\"_ _2\"></span>291)<span class=\"_ _231\"> </span></div></td><td class=\"c n x413 y18da w2a7 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(200,652)<span class=\"_ _231\"> </span></div></td><td class=\"c n x414 y18da wa6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">38,884<span class=\"_ _231\"> </span></div></td><td class=\"c n x415 y18da w2a8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws44\">(2<span class=\"_ _0\"></span>40,672)<span class=\"_ _231\"> </span></div></td><td class=\"c n x416 y18da w2a9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">(201,788)<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs2a4\">15. Share capital<span class=\"_ _231\"> </span></div><div class=\"gs2a5\"><table class=\"s w2bf hd2\" id=\"_c928797c-8aab-4783-b9cc-0889af2a2e7a\"><tr><td></td><td class=\"t m0 x32a hd y1989 ff25 fs8 fc1 sc0 ls1d ws18\">Number of<span class=\"_ _0\"></span> </td><td></td></tr><tr><td class=\"t m0 x164 hd y198a ff25 fs8 fc1 sc0 ls1c ws1\">Al<span class=\"_ _2\"></span>lot<span class=\"_ _2\"></span>ted, c<span class=\"_ _2\"></span>alle<span class=\"_ _2\"></span>d-<span class=\"_ _2\"></span>up a<span class=\"_ _2\"></span>nd fu<span class=\"_ _2\"></span>lly p<span class=\"_ _2\"></span>aid o<span class=\"_ _2\"></span>rdin<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y sha<span class=\"_ _2\"></span>res of \u00a30.01 e<span class=\"_ _2\"></span>ach<span class=\"_ _231\"> </span></td><td class=\"c n x428 y198b w2c0 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls71 ws174\">shares<span class=\"_ _231\"> </span></div></td><td class=\"c n x429 y198b w2c1 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w2c2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Bal<span class=\"_ _2\"></span>ance as a<span class=\"_ _2\"></span>t 30 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4 an<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025<span class=\"_ _231\"> </span></div></td><td class=\"c n x42a y18da w2c3 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">62<span class=\"_ _2\"></span>0,237<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>346<span class=\"_ _231\"> </span></div></td><td class=\"c n x42b y18da w2c4 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">6,<span class=\"_ _2\"></span>202<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2a6\">Un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any\u2019s A<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>cles of A<span class=\"_ _2\"></span>sso<span class=\"_ _2\"></span>ciatio<span class=\"_ _2\"></span>n, th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any may is<span class=\"_ _2\"></span>sue an u<span class=\"_ _2\"></span>nlim<span class=\"_ _2\"></span>ited num<span class=\"_ _2\"></span>ber of o<span class=\"_ _2\"></span>rdina<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y share<span class=\"_ _2\"></span>s. Ord<span class=\"_ _2\"></span>inar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>areho<span class=\"_ _2\"></span>lde<span class=\"_ _2\"></span>rs are </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2a7\">ent<span class=\"_ _2\"></span>itled to al<span class=\"_ _2\"></span>l divi<span class=\"_ _2\"></span>den<span class=\"_ _2\"></span>ds decl<span class=\"_ _2\"></span>ared by th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any an<span class=\"_ _2\"></span>d to all of the Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ny\u2019s ass<span class=\"_ _2\"></span>ets af<span class=\"_ _2\"></span>ter rep<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt of its b<span class=\"_ _2\"></span>orrow<span class=\"_ _2\"></span>ings a<span class=\"_ _2\"></span>nd ordi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y credi<span class=\"_ _2\"></span>tors.<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2a8\">Ord<span class=\"_ _2\"></span>inar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>areho<span class=\"_ _2\"></span>lder<span class=\"_ _2\"></span>s have th<span class=\"_ _2\"></span>e righ<span class=\"_ _2\"></span>t to vot<span class=\"_ _0\"></span>e a<span class=\"_ _2\"></span>t meet<span class=\"_ _2\"></span>ings of t<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany. All ordi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>ares ca<span class=\"_ _2\"></span>rr<span class=\"_ _2\"></span>y equ<span class=\"_ _2\"></span>al votin<span class=\"_ _2\"></span>g rig<span class=\"_ _2\"></span>hts<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2a9\">Du<span class=\"_ _2\"></span>ring t<span class=\"_ _2\"></span>he year to 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _2\"></span>, the Com<span class=\"_ _2\"></span>pany d<span class=\"_ _2\"></span>id not is<span class=\"_ _2\"></span>sue a<span class=\"_ _2\"></span>ny ordin<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y share<span class=\"_ _2\"></span>s (202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he Co<span class=\"_ _2\"></span>mpany d<span class=\"_ _2\"></span>id not re<span class=\"_ _2\"></span>purchas<span class=\"_ _2\"></span>e any ordi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2aa\">sha<span class=\"_ _2\"></span>res into treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y (202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>) or rese<span class=\"_ _2\"></span>ll any o<span class=\"_ _2\"></span>rdinar<span class=\"_ _2\"></span>y s<span class=\"_ _2\"></span>hares f<span class=\"_ _2\"></span>rom treasu<span class=\"_ _2\"></span>ry (<span class=\"_ _2\"></span>202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>. At 3<span class=\"_ _2\"></span>0 June 2025<span class=\"_ _2\"></span>, the Co<span class=\"_ _2\"></span>mpan<span class=\"_ _2\"></span>y did not h<span class=\"_ _2\"></span>old a<span class=\"_ _2\"></span>ny share<span class=\"_ _2\"></span>s in </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2ab\">treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y (202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls6b ws44 gs2ac\">Capital managem<span class=\"_ _2\"></span>ent<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs2ad\">The Group\u2019<span class=\"_ _0\"></span>s capital is<span class=\"_ _0\"></span> represent<span class=\"_ _0\"></span>ed by t<span class=\"_ _1\"></span>he shar<span class=\"_ _0\"></span>e capital, share<span class=\"_ _0\"></span> premium, merger<span class=\"_ _1\"></span> reserve,<span class=\"_ _1\"></span> distributable<span class=\"_ _0\"></span> reser<span class=\"_ _2\"></span>ve<span class=\"_ _0\"></span>, hedging reserve,<span class=\"_ _1\"></span> capital r<span class=\"_ _0\"></span>eser<span class=\"_ _2\"></span>ve, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2ae\">reven<span class=\"_ _2\"></span>ue rese<span class=\"_ _2\"></span>rve a<span class=\"_ _2\"></span>nd lon<span class=\"_ _2\"></span>g-<span class=\"_ _2\"></span>term b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs<span class=\"_ _2\"></span>. The G<span class=\"_ _2\"></span>roup is n<span class=\"_ _2\"></span>ot subj<span class=\"_ _2\"></span>ect to any e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span>-i<span class=\"_ _2\"></span>mpos<span class=\"_ _2\"></span>ed cap<span class=\"_ _2\"></span>ital re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s, ot<span class=\"_ _2\"></span>her th<span class=\"_ _2\"></span>an th<span class=\"_ _2\"></span>e fina<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2af\">covena<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>n its lo<span class=\"_ _2\"></span>an faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s as det<span class=\"_ _2\"></span>aile<span class=\"_ _2\"></span>d in Note 13<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2b0\">Th<span class=\"_ _2\"></span>e cap<span class=\"_ _2\"></span>ital of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up is ma<span class=\"_ _2\"></span>nage<span class=\"_ _2\"></span>d in accord<span class=\"_ _2\"></span>ance wit<span class=\"_ _2\"></span>h its inv<span class=\"_ _2\"></span>estm<span class=\"_ _2\"></span>ent po<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, in p<span class=\"_ _2\"></span>ursu<span class=\"_ _2\"></span>it of its i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment o<span class=\"_ _2\"></span>bjec<span class=\"_ _2\"></span>tive.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls6b ws44 gs2b1\">Capital risk management<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2b2\">Th<span class=\"_ _2\"></span>e obj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve of the G<span class=\"_ _2\"></span>roup is to p<span class=\"_ _2\"></span>rovide o<span class=\"_ _2\"></span>rdina<span class=\"_ _2\"></span>ry s<span class=\"_ _2\"></span>hareh<span class=\"_ _2\"></span>olde<span class=\"_ _2\"></span>rs wit<span class=\"_ _2\"></span>h an at<span class=\"_ _2\"></span>trac<span class=\"_ _2\"></span>tive leve<span class=\"_ _2\"></span>l of inco<span class=\"_ _2\"></span>me toget<span class=\"_ _2\"></span>her w<span class=\"_ _2\"></span>ith the p<span class=\"_ _2\"></span>otenti<span class=\"_ _2\"></span>al for in<span class=\"_ _2\"></span>come an<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2b3\">cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l growt<span class=\"_ _2\"></span>h from inve<span class=\"_ _2\"></span>stin<span class=\"_ _2\"></span>g in a dive<span class=\"_ _2\"></span>rsif<span class=\"_ _2\"></span>ied p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfol<span class=\"_ _2\"></span>io of free<span class=\"_ _2\"></span>hold a<span class=\"_ _2\"></span>nd lo<span class=\"_ _2\"></span>ng leas<span class=\"_ _2\"></span>ehol<span class=\"_ _2\"></span>d care ho<span class=\"_ _2\"></span>mes t<span class=\"_ _2\"></span>hat are let to ca<span class=\"_ _2\"></span>re hom<span class=\"_ _2\"></span>e ope<span class=\"_ _2\"></span>rators; an<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2b4\">oth<span class=\"_ _2\"></span>er hea<span class=\"_ _2\"></span>lthc<span class=\"_ _2\"></span>are asset<span class=\"_ _2\"></span>s in th<span class=\"_ _2\"></span>e UK<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2b5\">Th<span class=\"_ _2\"></span>e Boa<span class=\"_ _2\"></span>rd has resp<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>y for e<span class=\"_ _2\"></span>nsuri<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019s abili<span class=\"_ _2\"></span>ty to cont<span class=\"_ _2\"></span>inue a<span class=\"_ _2\"></span>s a goin<span class=\"_ _2\"></span>g concer<span class=\"_ _2\"></span>n. Th<span class=\"_ _2\"></span>is invol<span class=\"_ _2\"></span>ves the a<span class=\"_ _2\"></span>bili<span class=\"_ _2\"></span>ty to bo<span class=\"_ _2\"></span>rrow mo<span class=\"_ _2\"></span>nies i<span class=\"_ _2\"></span>n the </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2b6\">sho<span class=\"_ _2\"></span>rt a<span class=\"_ _2\"></span>nd lo<span class=\"_ _2\"></span>ng term; an<span class=\"_ _2\"></span>d pay div<span class=\"_ _2\"></span>ide<span class=\"_ _2\"></span>nds ou<span class=\"_ _2\"></span>t of reser<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span>, all of w<span class=\"_ _2\"></span>hich are co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>red an<span class=\"_ _2\"></span>d app<span class=\"_ _2\"></span>roved by the B<span class=\"_ _2\"></span>oard on a re<span class=\"_ _2\"></span>gul<span class=\"_ _2\"></span>ar basi<span class=\"_ _2\"></span>s.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs2b7\">T<span class=\"_ _0\"></span>o mai<span class=\"_ _0\"></span>ntain or adjust the<span class=\"_ _0\"></span> capital structure,<span class=\"_ _0\"></span> the Company<span class=\"_ _0\"></span> may adjust the di<span class=\"_ _1\"></span>vidend payment<span class=\"_ _0\"></span> to shar<span class=\"_ _0\"></span>eholders<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> return capi<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>al<span class=\"_ _0\"></span> to shar<span class=\"_ _0\"></span>eh<span class=\"_ _2\"></span>olders, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2b8\">iss<span class=\"_ _2\"></span>ue new s<span class=\"_ _2\"></span>hares o<span class=\"_ _2\"></span>r buy<span class=\"_ _2\"></span>back sh<span class=\"_ _2\"></span>ares for c<span class=\"_ _2\"></span>ancel<span class=\"_ _2\"></span>latio<span class=\"_ _2\"></span>n or for ho<span class=\"_ _2\"></span>ldin<span class=\"_ _2\"></span>g in treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany m<span class=\"_ _2\"></span>ay als<span class=\"_ _2\"></span>o increas<span class=\"_ _2\"></span>e or decre<span class=\"_ _2\"></span>ase its l<span class=\"_ _2\"></span>evel of lo<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>-<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2b9\">term b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs<span class=\"_ _2\"></span>. The G<span class=\"_ _2\"></span>roup m<span class=\"_ _2\"></span>onitor<span class=\"_ _2\"></span>s cap<span class=\"_ _2\"></span>ital us<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e net L<span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>V r<span class=\"_ _2\"></span>atio, wh<span class=\"_ _2\"></span>ich was 2<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></span>8 per cen<span class=\"_ _2\"></span>t at 30 Jun<span class=\"_ _2\"></span>e 2025 (202<span class=\"_ _0\"></span>4: 22.<span class=\"_ _2\"></span>5 per ce<span class=\"_ _2\"></span>nt). The<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2ba\">Bo<span class=\"_ _2\"></span>ard current<span class=\"_ _2\"></span>ly inten<span class=\"_ _2\"></span>ds that<span class=\"_ _2\"></span>, over th<span class=\"_ _2\"></span>e med<span class=\"_ _2\"></span>ium term<span class=\"_ _2\"></span>, bor<span class=\"_ _2\"></span>rowing<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup wi<span class=\"_ _2\"></span>ll repres<span class=\"_ _2\"></span>ent no m<span class=\"_ _2\"></span>ore tha<span class=\"_ _2\"></span>n app<span class=\"_ _2\"></span>roximately 3<span class=\"_ _2\"></span>0 per ce<span class=\"_ _2\"></span>nt of the </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2bb\">Gro<span class=\"_ _2\"></span>up\u2019s gross as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s at the ti<span class=\"_ _2\"></span>me of dr<span class=\"_ _2\"></span>awdown<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2bc\">Whe<span class=\"_ _2\"></span>re ordin<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y sha<span class=\"_ _2\"></span>res are he<span class=\"_ _2\"></span>ld in treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y thes<span class=\"_ _2\"></span>e are avai<span class=\"_ _2\"></span>lab<span class=\"_ _2\"></span>le to be sol<span class=\"_ _2\"></span>d to meet on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>go<span class=\"_ _2\"></span>ing ma<span class=\"_ _2\"></span>rket de<span class=\"_ _2\"></span>mand<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e net proce<span class=\"_ _2\"></span>eds of an<span class=\"_ _2\"></span>y </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2bd\">subs<span class=\"_ _2\"></span>equ<span class=\"_ _2\"></span>ent sa<span class=\"_ _2\"></span>les of sh<span class=\"_ _2\"></span>ares out o<span class=\"_ _2\"></span>f treasur<span class=\"_ _2\"></span>y w<span class=\"_ _2\"></span>ill provi<span class=\"_ _2\"></span>de th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny with a<span class=\"_ _2\"></span>ddit<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l cap<span class=\"_ _2\"></span>ital to en<span class=\"_ _2\"></span>able i<span class=\"_ _2\"></span>t to take ad<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span>age of i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws45 gs2be\">oppor<span class=\"_ _2\"></span>tuni<span class=\"_ _0\"></span>ties in the mark<span class=\"_ _0\"></span>et and mak<span class=\"_ _0\"></span>e fur<span class=\"_ _2\"></span>ther<span class=\"_ _0\"></span> investments in ac<span class=\"_ _0\"></span>cordanc<span class=\"_ _0\"></span>e with the<span class=\"_ _0\"></span> Company\u2019s i<span class=\"_ _0\"></span>nvestment policy and<span class=\"_ _0\"></span> within its appraisal c<span class=\"_ _0\"></span>riteria. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2bf\">Ho<span class=\"_ _2\"></span>lding s<span class=\"_ _2\"></span>hares i<span class=\"_ _2\"></span>n treasur<span class=\"_ _2\"></span>y fo<span class=\"_ _2\"></span>r this p<span class=\"_ _2\"></span>urpos<span class=\"_ _2\"></span>e assis<span class=\"_ _2\"></span>ts t<span class=\"_ _2\"></span>he Comp<span class=\"_ _2\"></span>any in m<span class=\"_ _2\"></span>atching it<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>goin<span class=\"_ _2\"></span>g cap<span class=\"_ _2\"></span>ital re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s to its inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent op<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>tun<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2c0\">an<span class=\"_ _2\"></span>d therefo<span class=\"_ _2\"></span>re reduces t<span class=\"_ _2\"></span>he ne<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ve effe<span class=\"_ _2\"></span>ct of ho<span class=\"_ _2\"></span>ldin<span class=\"_ _2\"></span>g excess ca<span class=\"_ _2\"></span>sh on it<span class=\"_ _2\"></span>s bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet over th<span class=\"_ _2\"></span>e lon<span class=\"_ _2\"></span>ger ter<span class=\"_ _2\"></span>m.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs2c1\">No changes<span class=\"_ _0\"></span> were made in<span class=\"_ _0\"></span> the capital management objectiv<span class=\"_ _0\"></span>es, policies or pr<span class=\"_ _0\"></span>ocesses during<span class=\"_ _0\"></span> the year<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></div>1<span class=\"_ _1\"></span>6. Finan<span class=\"_ _1\"></span>cial i<span class=\"_ _0\"></span>nstrumen<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span>Cons<span class=\"_ _2\"></span>istent wi<span class=\"_ _2\"></span>th its o<span class=\"_ _2\"></span>bje<span class=\"_ _2\"></span>ctive, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup ho<span class=\"_ _2\"></span>lds UK ca<span class=\"_ _2\"></span>re hom<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty in<span class=\"_ _2\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s. In a<span class=\"_ _2\"></span>dditi<span class=\"_ _2\"></span>on, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ents co<span class=\"_ _2\"></span>mpri<span class=\"_ _2\"></span>se cas<span class=\"_ _2\"></span>h, loa<span class=\"_ _2\"></span>ns and re<span class=\"_ _2\"></span>ceiva<span class=\"_ _2\"></span>bles a<span class=\"_ _2\"></span>nd paya<span class=\"_ _2\"></span>bles t<span class=\"_ _2\"></span>hat ar<span class=\"_ _2\"></span>ise dire<span class=\"_ _2\"></span>ctly fro<span class=\"_ _2\"></span>m its o<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s expos<span class=\"_ _2\"></span>ure to deri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve instr<span class=\"_ _2\"></span>ume<span class=\"_ _2\"></span>nts con<span class=\"_ _2\"></span>sist<span class=\"_ _2\"></span>s of interes<span class=\"_ _2\"></span>t rate sw<span class=\"_ _2\"></span>aps an<span class=\"_ _2\"></span>d interes<span class=\"_ _2\"></span>t rate caps u<span class=\"_ _2\"></span>sed to fi<span class=\"_ _2\"></span>x the intere<span class=\"_ _2\"></span>st rate on t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate bor<span class=\"_ _2\"></span>rowing<span class=\"_ _2\"></span>s.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p is expo<span class=\"_ _2\"></span>sed to var<span class=\"_ _2\"></span>ious t<span class=\"_ _2\"></span>yp<span class=\"_ _2\"></span>es of ri<span class=\"_ _2\"></span>sk that a<span class=\"_ _2\"></span>re asso<span class=\"_ _2\"></span>ciated wit<span class=\"_ _2\"></span>h fina<span class=\"_ _2\"></span>ncia<span class=\"_ _2\"></span>l instr<span class=\"_ _2\"></span>ume<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e most i<span class=\"_ _2\"></span>mpor<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ant t<span class=\"_ _2\"></span>ype<span class=\"_ _2\"></span>s are credit r<span class=\"_ _2\"></span>isk, l<span class=\"_ _2\"></span>iqui<span class=\"_ _2\"></span>dit<span class=\"_ _2\"></span>y risk<span class=\"_ _2\"></span>, interes<span class=\"_ _2\"></span>t rate ris<span class=\"_ _2\"></span>k and ma<span class=\"_ _2\"></span>rket pr<span class=\"_ _2\"></span>ice risk<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>ere is no fore<span class=\"_ _2\"></span>ign cur<span class=\"_ _2\"></span>renc<span class=\"_ _2\"></span>y risk as a<span class=\"_ _2\"></span>ll asset<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es of th<span class=\"_ _2\"></span>e Group a<span class=\"_ _2\"></span>re maint<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>ed in p<span class=\"_ _2\"></span>ound<span class=\"_ _2\"></span>s sterli<span class=\"_ _2\"></span>ng.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Boa<span class=\"_ _2\"></span>rd reviews a<span class=\"_ _2\"></span>nd ag<span class=\"_ _2\"></span>rees p<span class=\"_ _2\"></span>olici<span class=\"_ _2\"></span>es for ma<span class=\"_ _2\"></span>nagi<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019s risk exp<span class=\"_ _2\"></span>osure. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e poli<span class=\"_ _2\"></span>cies a<span class=\"_ _2\"></span>re summa<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span>d belo<span class=\"_ _2\"></span>w and ha<span class=\"_ _2\"></span>ve remain<span class=\"_ _2\"></span>ed unchanged f<span class=\"_ _0\"></span>or the year<span class=\"_ _0\"></span> under review<span class=\"_ _0\"></span>. These dis<span class=\"_ _0\"></span>closures<span class=\"_ _0\"></span> include, wher<span class=\"_ _0\"></span>e appropriat<span class=\"_ _0\"></span>e, cons<span class=\"_ _0\"></span>ideration of the<span class=\"_ _0\"></span> G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>oup\u2019s in<span class=\"_ _0\"></span>vestment properties whic<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>, whi<span class=\"_ _2\"></span>ls<span class=\"_ _2\"></span>t not cons<span class=\"_ _2\"></span>tituti<span class=\"_ _2\"></span>ng fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s as def<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>d by IFRS, a<span class=\"_ _2\"></span>re consid<span class=\"_ _2\"></span>ered by th<span class=\"_ _2\"></span>e Boa<span class=\"_ _2\"></span>rd to be integ<span class=\"_ _2\"></span>ral to the G<span class=\"_ _2\"></span>roup\u2019s ove<span class=\"_ _2\"></span>rall r<span class=\"_ _2\"></span>isk exp<span class=\"_ _2\"></span>osure.<span class=\"_ _231\"> </span>Cred<span class=\"_ _2\"></span>it risk<span class=\"_ _231\"> </span>Credi<span class=\"_ _2\"></span>t risk is th<span class=\"_ _2\"></span>e risk t<span class=\"_ _2\"></span>hat an is<span class=\"_ _2\"></span>suer o<span class=\"_ _2\"></span>r counter<span class=\"_ _2\"></span>par<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y will b<span class=\"_ _2\"></span>e unab<span class=\"_ _2\"></span>le or un<span class=\"_ _2\"></span>willi<span class=\"_ _2\"></span>ng to mee<span class=\"_ _2\"></span>t a commit<span class=\"_ _2\"></span>ment t<span class=\"_ _2\"></span>hat it has e<span class=\"_ _2\"></span>ntered into w<span class=\"_ _2\"></span>ith the G<span class=\"_ _2\"></span>roup.<span class=\"_ _2\"></span> At th<span class=\"_ _2\"></span>e repor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ng date, th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s fina<span class=\"_ _2\"></span>ncial a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s exp<span class=\"_ _2\"></span>osed to credi<span class=\"_ _2\"></span>t risk am<span class=\"_ _2\"></span>ounted to \u00a342,12<span class=\"_ _2\"></span>2,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a3<span class=\"_ _0\"></span>41<span class=\"_ _2\"></span>,536<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0), consis<span class=\"_ _2\"></span>ting o<span class=\"_ _2\"></span>f cash of<span class=\"_ _2\"></span> \u00a339,639,000 (<span class=\"_ _2\"></span>202<span class=\"_ _0\"></span>4: \u00a338,<span class=\"_ _2\"></span>884,<span class=\"_ _2\"></span>000), a<span class=\"_ _2\"></span>ccrue<span class=\"_ _2\"></span>d develo<span class=\"_ _2\"></span>pme<span class=\"_ _2\"></span>nt interes<span class=\"_ _2\"></span>t of \u00a3809,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a31<span class=\"_ _2\"></span>,07<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0), net rent re<span class=\"_ _2\"></span>ceiva<span class=\"_ _2\"></span>ble of \u00a31<span class=\"_ _2\"></span>,089,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>:<span class=\"_ _2\"></span> \u00a3890,0<span class=\"_ _2\"></span>00) an<span class=\"_ _2\"></span>d oth<span class=\"_ _2\"></span>er deb<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>or<span class=\"_ _2\"></span>s of \u00a3585,0<span class=\"_ _2\"></span>00 (2024: \u00a3<span class=\"_ _0\"></span>68<span class=\"_ _2\"></span>6,00<span class=\"_ _2\"></span>0).<span class=\"_ _231\"> </span>In th<span class=\"_ _2\"></span>e event of d<span class=\"_ _2\"></span>efau<span class=\"_ _2\"></span>lt by a tenant if i<span class=\"_ _2\"></span>t is in fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al dif<span class=\"_ _2\"></span>ficu<span class=\"_ _2\"></span>lty o<span class=\"_ _2\"></span>r othe<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>wise un<span class=\"_ _2\"></span>able to m<span class=\"_ _2\"></span>eet it<span class=\"_ _2\"></span>s obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ons un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>e lease, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup wil<span class=\"_ _2\"></span>l suf<span class=\"_ _2\"></span>fer a rent<span class=\"_ _2\"></span>al sh<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfa<span class=\"_ _2\"></span>ll and i<span class=\"_ _2\"></span>ncur a<span class=\"_ _2\"></span>dditi<span class=\"_ _2\"></span>ona<span class=\"_ _2\"></span>l expe<span class=\"_ _2\"></span>nses u<span class=\"_ _2\"></span>ntil th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>y is re<span class=\"_ _2\"></span>let. T<span class=\"_ _2\"></span>hese e<span class=\"_ _2\"></span>xpen<span class=\"_ _2\"></span>ses coul<span class=\"_ _2\"></span>d inclu<span class=\"_ _2\"></span>de leg<span class=\"_ _2\"></span>al an<span class=\"_ _2\"></span>d sur<span class=\"_ _2\"></span>veyor<span class=\"_ _2\"></span>\u2019s costs i<span class=\"_ _2\"></span>n re-letting, maint<span class=\"_ _0\"></span>enance co<span class=\"_ _0\"></span>st<span class=\"_ _2\"></span>s, in<span class=\"_ _1\"></span>surances,<span class=\"_ _1\"></span> rat<span class=\"_ _0\"></span>es and market<span class=\"_ _1\"></span>ing c<span class=\"_ _0\"></span>ost<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> may have<span class=\"_ _0\"></span> a materi<span class=\"_ _1\"></span>al adverse<span class=\"_ _0\"></span> impact on the financ<span class=\"_ _1\"></span>ial c<span class=\"_ _0\"></span>ondition and pe<span class=\"_ _2\"></span>rfor<span class=\"_ _2\"></span>man<span class=\"_ _2\"></span>ce of the G<span class=\"_ _2\"></span>roup an<span class=\"_ _2\"></span>d/<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r the leve<span class=\"_ _2\"></span>l of div<span class=\"_ _2\"></span>iden<span class=\"_ _2\"></span>d cover<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup may a<span class=\"_ _2\"></span>lso re<span class=\"_ _2\"></span>quire to prov<span class=\"_ _2\"></span>ide rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>centive<span class=\"_ _2\"></span>s to the in<span class=\"_ _2\"></span>comin<span class=\"_ _2\"></span>g tenant<span class=\"_ _2\"></span>. The Board<span class=\"_ _1\"></span> rec<span class=\"_ _0\"></span>eives regular<span class=\"_ _0\"></span> repor<span class=\"_ _2\"></span>ts on<span class=\"_ _0\"></span> concentra<span class=\"_ _0\"></span>tions of ris<span class=\"_ _1\"></span>k and an<span class=\"_ _0\"></span>y tenants i<span class=\"_ _1\"></span>n arr<span class=\"_ _0\"></span>ears<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> T<span class=\"_ _2\"></span>he I<span class=\"_ _1\"></span>nvestment<span class=\"_ _0\"></span> Manager monitors<span class=\"_ _0\"></span> such reports in orde<span class=\"_ _2\"></span>r to antici<span class=\"_ _2\"></span>pate, an<span class=\"_ _2\"></span>d mini<span class=\"_ _2\"></span>mise th<span class=\"_ _2\"></span>e impa<span class=\"_ _2\"></span>ct of, def<span class=\"_ _2\"></span>ault<span class=\"_ _2\"></span>s by occupat<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l tenan<span class=\"_ _2\"></span>ts. T<span class=\"_ _2\"></span>he ex<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>ted credit r<span class=\"_ _2\"></span>isk in rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n t<span class=\"_ _1\"></span>o tena<span class=\"_ _2\"></span>nts is a<span class=\"_ _2\"></span>n inhe<span class=\"_ _2\"></span>rent ele<span class=\"_ _2\"></span>ment of t<span class=\"_ _2\"></span>he du<span class=\"_ _2\"></span>e dili<span class=\"_ _2\"></span>gen<span class=\"_ _2\"></span>ce c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>ered by th<span class=\"_ _2\"></span>e Inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt Mana<span class=\"_ _2\"></span>ger o<span class=\"_ _2\"></span>n all pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y tra<span class=\"_ _2\"></span>nsac<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s with an e<span class=\"_ _2\"></span>mph<span class=\"_ _2\"></span>asis be<span class=\"_ _2\"></span>ing p<span class=\"_ _2\"></span>laced o<span class=\"_ _2\"></span>n ensu<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> that t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>itial re<span class=\"_ _2\"></span>nt is set at a sus<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>nabl<span class=\"_ _2\"></span>e level<span class=\"_ _2\"></span>. The r<span class=\"_ _2\"></span>isk is f<span class=\"_ _2\"></span>urt<span class=\"_ _2\"></span>her m<span class=\"_ _2\"></span>itiga<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed by ren<span class=\"_ _2\"></span>tal d<span class=\"_ _2\"></span>eposi<span class=\"_ _2\"></span>ts or g<span class=\"_ _2\"></span>uara<span class=\"_ _2\"></span>ntees wh<span class=\"_ _2\"></span>ere consi<span class=\"_ _2\"></span>dere<span class=\"_ _2\"></span>d app<span class=\"_ _2\"></span>ropria<span class=\"_ _2\"></span>te. The maj<span class=\"_ _2\"></span>orit<span class=\"_ _2\"></span>y of rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come is re<span class=\"_ _2\"></span>ceived in a<span class=\"_ _2\"></span>dva<span class=\"_ _2\"></span>nce.<span class=\"_ _231\"> </span>A<span class=\"_ _2\"></span>s at 30 Jun<span class=\"_ _2\"></span>e 2025, th<span class=\"_ _2\"></span>e Group h<span class=\"_ _2\"></span>ad recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d a credit los<span class=\"_ _2\"></span>s allow<span class=\"_ _2\"></span>ance tota<span class=\"_ _2\"></span>llin<span class=\"_ _2\"></span>g \u00a3<span class=\"_ _0\"></span>4,<span class=\"_ _2\"></span>547<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a32,935,0<span class=\"_ _2\"></span>00) ag<span class=\"_ _2\"></span>ains<span class=\"_ _2\"></span>t a gross rent re<span class=\"_ _2\"></span>ceiva<span class=\"_ _2\"></span>ble bal<span class=\"_ _2\"></span>ance of \u00a34,828,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>3,267<span class=\"_ _0\"></span>,0<span class=\"_ _2\"></span>00), gros<span class=\"_ _2\"></span>s loan<span class=\"_ _2\"></span>s to t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s total<span class=\"_ _2\"></span>ling \u00a378<span class=\"_ _2\"></span>8,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a3952,0<span class=\"_ _2\"></span>00) a<span class=\"_ _2\"></span>nd oth<span class=\"_ _2\"></span>er tena<span class=\"_ _2\"></span>nt debto<span class=\"_ _2\"></span>rs of \u00a3287<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a3ni<span class=\"_ _2\"></span>l). Of the g<span class=\"_ _2\"></span>ross receiv<span class=\"_ _2\"></span>able o<span class=\"_ _2\"></span>f \u00a3<span class=\"_ _0\"></span>4,<span class=\"_ _2\"></span>219,0<span class=\"_ _2\"></span>00 at 30 J<span class=\"_ _2\"></span>une 2024, \u00a3<span class=\"_ _0\"></span>63<span class=\"_ _2\"></span>8,00<span class=\"_ _2\"></span>0 was su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y recovered an<span class=\"_ _2\"></span>d \u00a33,<span class=\"_ _2\"></span>581<span class=\"_ _2\"></span>,000 i<span class=\"_ _2\"></span>s stil<span class=\"_ _2\"></span>l outs<span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>din<span class=\"_ _2\"></span>g. Th<span class=\"_ _2\"></span>ere were n<span class=\"_ _2\"></span>o othe<span class=\"_ _2\"></span>r fina<span class=\"_ _2\"></span>ncial a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s whi<span class=\"_ _2\"></span>ch were eith<span class=\"_ _2\"></span>er pa<span class=\"_ _2\"></span>st due o<span class=\"_ _2\"></span>r consi<span class=\"_ _2\"></span>dered i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>red at 30 Ju<span class=\"_ _2\"></span>ne 2025 (202<span class=\"_ _1\"></span>4: nil).<span class=\"_ _231\"> </span>All o<span class=\"_ _2\"></span>f the G<span class=\"_ _2\"></span>roup\u2019s cas<span class=\"_ _2\"></span>h is pla<span class=\"_ _2\"></span>ced with f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ncial i<span class=\"_ _2\"></span>nstit<span class=\"_ _2\"></span>ution<span class=\"_ _2\"></span>s with a lo<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>-term cre<span class=\"_ _2\"></span>dit rati<span class=\"_ _2\"></span>ng of BB<span class=\"_ _2\"></span>B or be<span class=\"_ _2\"></span>tter<span class=\"_ _1\"></span>. Ban<span class=\"_ _2\"></span>kru<span class=\"_ _2\"></span>ptcy or in<span class=\"_ _2\"></span>solven<span class=\"_ _2\"></span>cy of s<span class=\"_ _2\"></span>uch fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al ins<span class=\"_ _2\"></span>tituti<span class=\"_ _2\"></span>ons may c<span class=\"_ _2\"></span>ause t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s abi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y to access ca<span class=\"_ _2\"></span>sh pla<span class=\"_ _2\"></span>ced on d<span class=\"_ _2\"></span>eposi<span class=\"_ _2\"></span>t to be del<span class=\"_ _2\"></span>ayed, l<span class=\"_ _2\"></span>imited o<span class=\"_ _2\"></span>r lost. S<span class=\"_ _2\"></span>hou<span class=\"_ _2\"></span>ld the cre<span class=\"_ _2\"></span>dit qua<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y <span class=\"ls1\"> </span>or th<span class=\"_ _2\"></span>e fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l posit<span class=\"_ _2\"></span>ion of t<span class=\"_ _2\"></span>he ban<span class=\"_ _2\"></span>ks cur<span class=\"_ _2\"></span>rently em<span class=\"_ _2\"></span>ploye<span class=\"_ _2\"></span>d sign<span class=\"_ _2\"></span>ific<span class=\"_ _2\"></span>antly d<span class=\"_ _2\"></span>eterio<span class=\"_ _2\"></span>rate, cash h<span class=\"_ _2\"></span>old<span class=\"_ _2\"></span>ings wo<span class=\"_ _2\"></span>uld be m<span class=\"_ _2\"></span>oved to an<span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r bank<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Sho<span class=\"_ _2\"></span>uld th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p hold s<span class=\"_ _2\"></span>igni<span class=\"_ _2\"></span>fica<span class=\"_ _2\"></span>nt cash b<span class=\"_ _2\"></span>ala<span class=\"_ _2\"></span>nces for a<span class=\"_ _2\"></span>n exten<span class=\"_ _2\"></span>ded p<span class=\"_ _2\"></span>erio<span class=\"_ _2\"></span>d, th<span class=\"_ _2\"></span>en counte<span class=\"_ _2\"></span>rpar<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y risk w<span class=\"_ _2\"></span>ill be s<span class=\"_ _2\"></span>pread<span class=\"_ _2\"></span>, by pla<span class=\"_ _2\"></span>cing c<span class=\"_ _2\"></span>ash across d<span class=\"_ _2\"></span>iffe<span class=\"_ _2\"></span>rent fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al ins<span class=\"_ _2\"></span>tituti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>. At 30 Jun<span class=\"_ _2\"></span>e 2025 the G<span class=\"_ _2\"></span>roup h<span class=\"_ _2\"></span>eld \u00a339.4 mil<span class=\"_ _2\"></span>lion (2024: \u00a337<span class=\"_ _0\"></span>.7 mil<span class=\"_ _2\"></span>lion) w<span class=\"_ _2\"></span>ith Th<span class=\"_ _2\"></span>e Royal Ba<span class=\"_ _2\"></span>nk of Scot<span class=\"_ _2\"></span>land p<span class=\"_ _2\"></span>lc an<span class=\"_ _2\"></span>d \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _2\"></span>2 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n (202<span class=\"_ _0\"></span>4: \u00a31<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>2 mill<span class=\"_ _2\"></span>ion) wi<span class=\"_ _2\"></span>th HSBC Ba<span class=\"_ _2\"></span>nk pl<span class=\"_ _2\"></span>c. Gi<span class=\"_ _2\"></span>ven the cre<span class=\"_ _2\"></span>dit qua<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y of the co<span class=\"_ _2\"></span>unterp<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ties us<span class=\"_ _2\"></span>ed, n<span class=\"_ _2\"></span>o credit los<span class=\"_ _2\"></span>s allow<span class=\"_ _2\"></span>ance is reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d aga<span class=\"_ _2\"></span>inst cas<span class=\"_ _2\"></span>h bala<span class=\"_ _2\"></span>nces as it i<span class=\"_ _2\"></span>s consid<span class=\"_ _2\"></span>ered to be i<span class=\"_ _2\"></span>mmater<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Liquidity risk<span class=\"_ _231\"> </span>Li<span class=\"_ _2\"></span>quid<span class=\"_ _2\"></span>ity r<span class=\"_ _2\"></span>isk is th<span class=\"_ _2\"></span>e risk th<span class=\"_ _2\"></span>at the G<span class=\"_ _2\"></span>roup wi<span class=\"_ _2\"></span>ll en<span class=\"_ _2\"></span>counter dif<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>cultie<span class=\"_ _2\"></span>s in reali<span class=\"_ _2\"></span>sing as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s or oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>wise r<span class=\"_ _2\"></span>aisin<span class=\"_ _2\"></span>g fun<span class=\"_ _2\"></span>ds to meet f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial com<span class=\"_ _2\"></span>mitm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s invest<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s comp<span class=\"_ _2\"></span>rise U<span class=\"_ _2\"></span>K care ho<span class=\"_ _2\"></span>mes<span class=\"_ _2\"></span>. Prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y an<span class=\"_ _2\"></span>d prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span>-re<span class=\"_ _2\"></span>lated as<span class=\"_ _2\"></span>sets i<span class=\"_ _2\"></span>n whi<span class=\"_ _2\"></span>ch the G<span class=\"_ _2\"></span>roup inve<span class=\"_ _2\"></span>sts a<span class=\"_ _2\"></span>re not tra<span class=\"_ _2\"></span>ded i<span class=\"_ _2\"></span>n an orga<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d pub<span class=\"_ _2\"></span>lic ma<span class=\"_ _2\"></span>rket an<span class=\"_ _2\"></span>d may be il<span class=\"_ _2\"></span>liqu<span class=\"_ _2\"></span>id. A<span class=\"_ _2\"></span>s a result<span class=\"_ _2\"></span>, the G<span class=\"_ _2\"></span>roup m<span class=\"_ _2\"></span>ay not b<span class=\"_ _2\"></span>e able to li<span class=\"_ _2\"></span>quid<span class=\"_ _2\"></span>ate quickl<span class=\"_ _2\"></span>y its inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s in the<span class=\"_ _2\"></span>se prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span> <span class=\"ls1\"> </span>at an a<span class=\"_ _2\"></span>moun<span class=\"_ _2\"></span>t close to the<span class=\"_ _2\"></span>ir fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e in orde<span class=\"_ _2\"></span>r to meet it<span class=\"_ _2\"></span>s liq<span class=\"_ _2\"></span>uidit<span class=\"_ _2\"></span>y req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s liqu<span class=\"_ _2\"></span>idit<span class=\"_ _2\"></span>y risk i<span class=\"_ _2\"></span>s mana<span class=\"_ _2\"></span>ged o<span class=\"_ _2\"></span>n an on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>goin<span class=\"_ _2\"></span>g basi<span class=\"_ _2\"></span>s by the Inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent Man<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>r and m<span class=\"_ _2\"></span>onitore<span class=\"_ _2\"></span>d on a qu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span>ly basis by t<span class=\"_ _2\"></span>he Bo<span class=\"_ _2\"></span>ard. In orde<span class=\"_ _2\"></span>r to mitig<span class=\"_ _2\"></span>ate liqu<span class=\"_ _2\"></span>idit<span class=\"_ _2\"></span>y ris<span class=\"_ _2\"></span>k the G<span class=\"_ _2\"></span>roup aim<span class=\"_ _2\"></span>s to have suf<span class=\"_ _2\"></span>fici<span class=\"_ _2\"></span>ent cas<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ances (i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e exp<span class=\"_ _2\"></span>ected p<span class=\"_ _2\"></span>roceeds o<span class=\"_ _2\"></span>f any prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y sale<span class=\"_ _2\"></span>s) t<span class=\"_ _0\"></span>o m<span class=\"_ _2\"></span>eet it<span class=\"_ _2\"></span>s obli<span class=\"_ _2\"></span>gatio<span class=\"_ _2\"></span>ns for a p<span class=\"_ _2\"></span>erio<span class=\"_ _2\"></span>d of at leas<span class=\"_ _2\"></span>t tw<span class=\"_ _2\"></span>elve mo<span class=\"_ _2\"></span>nths<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2e6\">At th<span class=\"_ _2\"></span>e repor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ng date, th<span class=\"_ _2\"></span>e matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y of the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial as<span class=\"_ _2\"></span>sets w<span class=\"_ _2\"></span>as:<span class=\"_ _231\"> </span></div><div class=\"gs2e7\"><table class=\"s w1a4 hd3\" id=\"_229ce94a-7745-4ed8-904f-c95dcdc8a81b\"><tr><td></td><td></td><td class=\"t m0 x42c h1d y198c ff24 fs8 fc1 sc0 ls1c ws1\">Mo<span class=\"_ _2\"></span>re tha<span class=\"_ _2\"></span>n thre<span class=\"_ _2\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x231 h1d y198d ff24 fs8 fc1 sc0 ls13a ws153\">Three months<span class=\"_ _231\"> </span></td><td class=\"t m0 x42d h1d y198d ff24 fs8 fc1 sc0 ls1c ws1\">mo<span class=\"_ _2\"></span>nths b<span class=\"_ _2\"></span>ut les<span class=\"_ _2\"></span>s </td><td></td><td></td><td class=\"t m0 x32a h1d y198d ff24 fs8 fc1 sc0 ls13a ws153\">More than<span class=\"_ _1\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x42e h1d y198e ff24 fs8 fc1 sc0 ls1c ws1\">or le<span class=\"_ _2\"></span>ss<span class=\"_ _231\"> </span></td><td class=\"t m0 x42f h1d y198e ff24 fs8 fc1 sc0 ls1c ws1\">tha<span class=\"_ _2\"></span>n one ye<span class=\"_ _2\"></span>ar<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fc h1d y198e ff24 fs8 fc1 sc0 ls104 ws7f\">1-2 ye<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></td><td class=\"t m0 x430 h1d y198e ff24 fs8 fc1 sc0 ls104 ws7f\">2-5 y<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>rs<span class=\"_ _231\"> </span></td><td class=\"t m0 x431 h1d y198e ff24 fs8 fc1 sc0 ls95 ws9c\">five y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></td><td class=\"t m0 x236 h1d y198e ff24 fs8 fc1 sc0 ls1 ws1\">T<span class=\"_ _0\"></span>ota<span class=\"_ _2\"></span>l </td></tr><tr><td class=\"t m0 x164 h1d y198f ff24 fs8 fc1 sc0 ls1c ws1\">Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>sets a<span class=\"_ _2\"></span>s at 30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x15e h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x15f h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1935 wa3 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls45 ws24\">Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _231\"> </span></div></td><td class=\"c n x432 y1935 wa5 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls5e ws5d\">39,639<span class=\"_ _231\"> </span></div></td><td class=\"c n x173 y1935 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x433 y1935 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x434 y1935 we7 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x435 y1935 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x436 y1935 wa5 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls5e ws5d\">39,639<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1936 w256 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al de<span class=\"_ _2\"></span>posit<span class=\"_ _2\"></span>s he<span class=\"_ _2\"></span>ld in escrow for te<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x437 y1936 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x438 y1936 w3a hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x439 y1936 we7 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43a y1936 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43b y1936 w257 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">12<span class=\"_ _2\"></span>,695<span class=\"_ _231\"> </span></div></td><td class=\"c n x43c y1936 w2ab hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>2,69<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18d9 w2c5 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls45 ws24\">Other debt<span class=\"_ _0\"></span>ors<span class=\"_ _231\"> </span></div></td><td class=\"c n x43d y18d9 w2c6 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls4 ws55\">2,4<span class=\"_ _2\"></span>83<span class=\"_ _231\"> </span></div></td><td class=\"c n x1b5 y18d9 w3a hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43e y18d9 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43f y18d9 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x440 y18d9 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x441 y18d9 w2c7 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls4 ws55\">2<span class=\"_ _2\"></span>,483<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x442 y18da w2c8 hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls82 ws89\">42<span class=\"_ _2\"></span>,12<span class=\"_ _2\"></span>2<span class=\"_ _231\"> </span></div></td><td class=\"c n x443 y18da w2f hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x444 y18da w2f hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x445 y18da w2f hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x446 y18da w2ab hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>2,6<span class=\"_ _2\"></span>95<span class=\"_ _231\"> </span></div></td><td class=\"c n x447 y18da w2c9 hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls20 ws58\">54,<span class=\"_ _2\"></span>817<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"gs2e8\"><table class=\"s w2ca hd4\" id=\"_592ba120-f030-45fe-b753-a902feb8cb97\"><tr><td></td><td></td><td class=\"t m0 x42d hd y1990 ff25 fs8 fc1 sc0 ls1d ws18\">More<span class=\"_ _0\"></span> than three </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x448 hd y1991 ff25 fs8 fc1 sc0 ls1d ws18\">Three mon<span class=\"_ _1\"></span>ths<span class=\"_ _231\"> </span></td><td class=\"t m0 x449 hd y1991 ff25 fs8 fc1 sc0 ls1c ws1\">mo<span class=\"_ _2\"></span>nths b<span class=\"_ _2\"></span>ut le<span class=\"_ _2\"></span>ss </td><td></td><td></td><td class=\"t m0 x3fe hd y1991 ff25 fs8 fc1 sc0 ls1d ws18\">More<span class=\"_ _0\"></span> than <span class=\"ls1 ws1\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x15e hd y1992 ff25 fs8 fc1 sc0 ls1c ws1\">or le<span class=\"_ _2\"></span>ss<span class=\"_ _231\"> </span></td><td class=\"t m0 x44a hd y1992 ff25 fs8 fc1 sc0 ls1c ws1\">th<span class=\"_ _2\"></span>an on<span class=\"_ _2\"></span>e year<span class=\"_ _231\"> </span></td><td class=\"t m0 x44b hd y1992 ff25 fs8 fc1 sc0 ls1d ws18\">1-2<span class=\"_ _0\"></span> years<span class=\"_ _231\"> </span></td><td class=\"t m0 x15a hd y1992 ff25 fs8 fc1 sc0 ls1d ws18\">2-5 y<span class=\"_ _1\"></span>ears<span class=\"_ _231\"> </span></td><td class=\"t m0 x44c hd y1992 ff25 fs8 fc1 sc0 ls1d ws18\">five y<span class=\"_ _0\"></span>ears<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y1992 ff25 fs8 fc1 sc0 ls158 ws16e\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x164 hd y1993 ff25 fs8 fc1 sc0 ls1c ws1\">Fin<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>cial as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s as at 3<span class=\"_ _2\"></span>0 Jun<span class=\"_ _2\"></span>e 2024<span class=\"_ _231\"> </span></td><td class=\"t m0 x44d hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x22c hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y193c wa3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _231\"> </span></div></td><td class=\"c n x44e y193c wa6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">38,884<span class=\"_ _231\"> </span></div></td><td class=\"c n x44f y193c w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x450 y193c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x451 y193c w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x452 y193c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x453 y193c w2cb haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">38,884<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193d w256 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al de<span class=\"_ _2\"></span>posit<span class=\"_ _2\"></span>s he<span class=\"_ _2\"></span>ld in escrow for te<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x454 y193d w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x455 y193d w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x456 y193d w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x16f y193d w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x457 y193d w2cc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td><td class=\"c n x458 y193d w2cc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193e w2c5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other debt<span class=\"_ _0\"></span>ors<span class=\"_ _231\"> </span></div></td><td class=\"c n x459 y193e w2cd haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">4,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>76<span class=\"_ _231\"> </span></div></td><td class=\"c n x45a y193e w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x45b y193e w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x45c y193e w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x45d y193e w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x45e y193e w2ce haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">4,<span class=\"_ _2\"></span>276<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w1b9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls78 ws17d\">To<span class=\"_ _2\"></span>t<span class=\"_ _5\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x45f y18da wfc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls55 ws53\">43,<span class=\"_ _2\"></span>160<span class=\"_ _231\"> </span></div></td><td class=\"c n x460 y18da w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x461 y18da w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x462 y18da w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x463 y18da w258 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>893<span class=\"_ _231\"> </span></div></td><td class=\"c n x464 y18da w2cf haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls6c wsa4\">53<span class=\"_ _2\"></span>,053<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2e9\">At th<span class=\"_ _2\"></span>e repor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ng date, th<span class=\"_ _2\"></span>e contr<span class=\"_ _2\"></span>actu<span class=\"_ _2\"></span>al matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y of the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s was:<span class=\"_ _231\"> </span></div><div class=\"gs2ea\"><table class=\"s w1a4 hd5\" id=\"_b48a9c75-b599-4f1a-b550-267900935f74\"><tr><td></td><td></td><td class=\"t m0 x42c h1d y1994 ff24 fs8 fc1 sc0 ls1c ws1\">Mo<span class=\"_ _2\"></span>re tha<span class=\"_ _2\"></span>n thre<span class=\"_ _2\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x231 h1d y1995 ff24 fs8 fc1 sc0 ls13a ws153\">Three months<span class=\"_ _231\"> </span></td><td class=\"t m0 x42d h1d y1995 ff24 fs8 fc1 sc0 ls1c ws1\">mo<span class=\"_ _2\"></span>nths b<span class=\"_ _2\"></span>ut les<span class=\"_ _2\"></span>s </td><td></td><td></td><td class=\"t m0 x32a h1d y1995 ff24 fs8 fc1 sc0 ls13a ws153\">More than<span class=\"_ _1\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x42e h1d y1996 ff24 fs8 fc1 sc0 ls1c ws1\">or le<span class=\"_ _2\"></span>ss<span class=\"_ _231\"> </span></td><td class=\"t m0 x42f h1d y1996 ff24 fs8 fc1 sc0 ls1c ws1\">tha<span class=\"_ _2\"></span>n one ye<span class=\"_ _2\"></span>ar<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fc h1d y1996 ff24 fs8 fc1 sc0 ls104 ws7f\">1-2 ye<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></td><td class=\"t m0 x430 h1d y1996 ff24 fs8 fc1 sc0 ls104 ws7f\">2-5 y<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>rs<span class=\"_ _231\"> </span></td><td class=\"t m0 x431 h1d y1996 ff24 fs8 fc1 sc0 ls95 ws9c\">five y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></td><td class=\"t m0 x236 h1d y1996 ff24 fs8 fc1 sc0 ls1 ws1\">T<span class=\"_ _0\"></span>ota<span class=\"_ _2\"></span>l </td></tr><tr><td class=\"t m0 x164 h1d y1997 ff24 fs8 fc1 sc0 ls1c ws1\">Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s as at 30 J<span class=\"_ _2\"></span>une 20<span class=\"_ _2\"></span>25<span class=\"_ _231\"> </span></td><td class=\"t m0 x15e h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x15f h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1935 w2d0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Loans<span class=\"_ _0\"></span> and inter<span class=\"_ _0\"></span>est rate<span class=\"_ _0\"></span> derivatives<span class=\"_ _231\"> </span></div></td><td class=\"c n x465 y1935 w2d1 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls49 wsf0\">2<span class=\"_ _2\"></span>,432<span class=\"_ _231\"> </span></div></td><td class=\"c n x466 y1935 w2d2 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">96<span class=\"_ _2\"></span>,052<span class=\"_ _231\"> </span></div></td><td class=\"c n x467 y1935 w2d3 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">4,7<span class=\"_ _2\"></span>75<span class=\"_ _231\"> </span></div></td><td class=\"c n x468 y1935 w2d4 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls6c wsa4\">14,340<span class=\"_ _231\"> </span></div></td><td class=\"c n x469 y1935 w2d5 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">1<span class=\"_ _5\"></span>6<span class=\"_ _2\"></span>7,<span class=\"_ _5\"></span>1<span class=\"_ _2\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _231\"> </span></div></td><td class=\"c n x46a y1935 w2d6 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls47 ws40\">284,795<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1936 w2aa haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Renta<span class=\"_ _2\"></span>l deposit<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x437 y1936 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x438 y1936 w3a hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x439 y1936 we7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43a y1936 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43b y1936 w257 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">12<span class=\"_ _2\"></span>,695<span class=\"_ _231\"> </span></div></td><td class=\"c n x43c y1936 w2ab hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>2,69<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18d9 w2ba haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other payables<span class=\"_ _231\"> </span></div></td><td class=\"c n x46b y18d9 w2d7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,<span class=\"_ _2\"></span>277<span class=\"_ _231\"> </span></div></td><td class=\"c n x46c y18d9 w3a hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x46d y18d9 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x46e y18d9 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x46f y18d9 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x470 y18d9 w2d8 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,<span class=\"_ _2\"></span>27<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x442 y18da w2d9 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls148 ws161\">1<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,709<span class=\"_ _231\"> </span></div></td><td class=\"c n x471 y18da w2d2 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls5e ws5d\">96<span class=\"_ _2\"></span>,052<span class=\"_ _231\"> </span></div></td><td class=\"c n x472 y18da w2d3 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls5e ws5d\">4,7<span class=\"_ _2\"></span>75<span class=\"_ _231\"> </span></div></td><td class=\"c n x473 y18da w2da hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls6c wsa4\">14,340<span class=\"_ _231\"> </span></div></td><td class=\"c n x474 y18da w2db hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls55 ws53\">17<span class=\"_ _2\"></span>9,8<span class=\"_ _2\"></span>91<span class=\"_ _231\"> </span></div></td><td class=\"c n x475 y18da w2dc hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls14b ws164\">3<span class=\"_ _5\"></span>0<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"gs2eb\"><table class=\"s w2dd hd6\" id=\"_d2648119-6b6d-44af-b94a-6ab25717c68e\"><tr><td></td><td></td><td class=\"t m0 x42d hd y1998 ff25 fs8 fc1 sc0 ls1d ws18\">More<span class=\"_ _0\"></span> than three </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x448 hd y1999 ff25 fs8 fc1 sc0 ls1d ws18\">Three mon<span class=\"_ _1\"></span>ths<span class=\"_ _231\"> </span></td><td class=\"t m0 x449 hd y1999 ff25 fs8 fc1 sc0 ls1c ws1\">mo<span class=\"_ _2\"></span>nths b<span class=\"_ _2\"></span>ut le<span class=\"_ _2\"></span>ss </td><td></td><td></td><td class=\"t m0 x3fe hd y1999 ff25 fs8 fc1 sc0 ls1d ws18\">More<span class=\"_ _0\"></span> than <span class=\"ls1 ws1\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x15e hd y199a ff25 fs8 fc1 sc0 ls1c ws1\">or le<span class=\"_ _2\"></span>ss<span class=\"_ _231\"> </span></td><td class=\"t m0 x44a hd y199a ff25 fs8 fc1 sc0 ls1c ws1\">th<span class=\"_ _2\"></span>an on<span class=\"_ _2\"></span>e year<span class=\"_ _231\"> </span></td><td class=\"t m0 x44b hd y199a ff25 fs8 fc1 sc0 ls1d ws18\">1-2<span class=\"_ _0\"></span> years<span class=\"_ _231\"> </span></td><td class=\"t m0 x15a hd y199a ff25 fs8 fc1 sc0 ls1d ws18\">2-5 y<span class=\"_ _1\"></span>ears<span class=\"_ _231\"> </span></td><td class=\"t m0 x44c hd y199a ff25 fs8 fc1 sc0 ls1d ws18\">five y<span class=\"_ _0\"></span>ears<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y199a ff25 fs8 fc1 sc0 ls158 ws16e\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x164 hd y199b ff25 fs8 fc1 sc0 ls1c ws1\">Fin<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>cial l<span class=\"_ _2\"></span>iabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>ies as a<span class=\"_ _2\"></span>t 30 Ju<span class=\"_ _2\"></span>ne 2024<span class=\"_ _231\"> </span></td><td class=\"t m0 x44d hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x22c hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y193c w2d0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Loans<span class=\"_ _0\"></span> and inter<span class=\"_ _0\"></span>est rate<span class=\"_ _0\"></span> derivatives<span class=\"_ _231\"> </span></div></td><td class=\"c n x476 y193c w2ce haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">2,<span class=\"_ _2\"></span>476<span class=\"_ _231\"> </span></div></td><td class=\"c n x477 y193c w2de haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">7,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td><td class=\"c n x478 y193c w2df haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">99,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td><td class=\"c n x479 y193c w2e0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">14<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>34<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x47a y193c w2e1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">1<span class=\"_ _2\"></span>71<span class=\"_ _2\"></span>,97<span class=\"_ _2\"></span>2<span class=\"_ _231\"> </span></div></td><td class=\"c n x47b y193c w2e2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5e ws5d\">295,6<span class=\"_ _2\"></span>81<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193d w2aa haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Renta<span class=\"_ _2\"></span>l deposit<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x47c y193d w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x47d y193d w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x47e y193d w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x47f y193d w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x480 y193d w2e3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td><td class=\"c n x481 y193d w2e3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y199c w2ba haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other payables<span class=\"_ _231\"> </span></div></td><td class=\"c n x482 y199c w2e4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">17<span class=\"_ _0\"></span>,366<span class=\"_ _231\"> </span></div></td><td class=\"c n x483 y199c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x484 y199c w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x485 y199c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x486 y199c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x487 y199c w2e4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">17<span class=\"_ _0\"></span>,366<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w1b9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls78 ws17d\">To<span class=\"_ _2\"></span>t<span class=\"_ _5\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x45f y18da w2e5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">19,<span class=\"_ _2\"></span>84<span class=\"_ _2\"></span>2<span class=\"_ _231\"> </span></div></td><td class=\"c n x488 y18da w1c0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">7,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td><td class=\"c n x489 y18da w2df haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">9<span class=\"_ _2\"></span>9,5<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td><td class=\"c n x48a y18da w2e6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">14<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>34<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x48b y18da w2e7 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">181<span class=\"_ _2\"></span>,865<span class=\"_ _231\"> </span></div></td><td class=\"c n x48c y18da w2e8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">32<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,94<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2ec\">Th<span class=\"_ _2\"></span>e total a<span class=\"_ _2\"></span>moun<span class=\"_ _2\"></span>t due un<span class=\"_ _2\"></span>der t<span class=\"_ _2\"></span>he loa<span class=\"_ _2\"></span>n facil<span class=\"_ _2\"></span>ities i<span class=\"_ _2\"></span>nclu<span class=\"_ _2\"></span>des th<span class=\"_ _2\"></span>e expe<span class=\"_ _2\"></span>cted h<span class=\"_ _2\"></span>edge<span class=\"_ _2\"></span>d interes<span class=\"_ _2\"></span>t paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s due un<span class=\"_ _2\"></span>der b<span class=\"_ _2\"></span>oth th<span class=\"_ _2\"></span>e loan a<span class=\"_ _2\"></span>nd interes<span class=\"_ _2\"></span>t rate </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs2ed\">de<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ives com<span class=\"_ _2\"></span>bine<span class=\"_ _2\"></span>d (see N<span class=\"_ _2\"></span>ote 13 for f<span class=\"_ _2\"></span>urt<span class=\"_ _2\"></span>her d<span class=\"_ _2\"></span>etai<span class=\"_ _2\"></span>ls) assu<span class=\"_ _2\"></span>min<span class=\"_ _2\"></span>g that b<span class=\"_ _2\"></span>oth the d<span class=\"_ _2\"></span>rawn e<span class=\"_ _2\"></span>leme<span class=\"_ _2\"></span>nt of the l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd the n<span class=\"_ _2\"></span>otio<span class=\"_ _2\"></span>nal va<span class=\"_ _2\"></span>lue of t<span class=\"_ _2\"></span>he interes<span class=\"_ _2\"></span>t </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs2ee\">rate de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tives rem<span class=\"_ _2\"></span>ain un<span class=\"_ _2\"></span>chan<span class=\"_ _2\"></span>ged f<span class=\"_ _2\"></span>rom 30 Ju<span class=\"_ _2\"></span>ne 2025 (30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _1\"></span>) unti<span class=\"_ _2\"></span>l the rep<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt date of th<span class=\"_ _2\"></span>e releva<span class=\"_ _2\"></span>nt loan a<span class=\"_ _2\"></span>nd exp<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>y date of th<span class=\"_ _2\"></span>e </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs2ef\">rela<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed in<span class=\"_ _2\"></span>terest ra<span class=\"_ _2\"></span>te deriv<span class=\"_ _2\"></span>ative. T<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>terest ra<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>e on a<span class=\"_ _2\"></span>ny unhe<span class=\"_ _2\"></span>dge<span class=\"_ _2\"></span>d elem<span class=\"_ _2\"></span>ent of th<span class=\"_ _2\"></span>e loan<span class=\"_ _2\"></span>s is base<span class=\"_ _2\"></span>d on th<span class=\"_ _2\"></span>e rate of SON<span class=\"_ _2\"></span>IA at 30 Ju<span class=\"_ _2\"></span>ne 2025 (30 J<span class=\"_ _2\"></span>une </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs2f0\">202<span class=\"_ _0\"></span>4) p<span class=\"_ _2\"></span>lus th<span class=\"_ _2\"></span>e releva<span class=\"_ _2\"></span>nt lend<span class=\"_ _2\"></span>ing ma<span class=\"_ _2\"></span>rgin. T<span class=\"_ _2\"></span>he com<span class=\"_ _2\"></span>mitm<span class=\"_ _2\"></span>ent fee p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le on th<span class=\"_ _2\"></span>e undr<span class=\"_ _2\"></span>awn ele<span class=\"_ _2\"></span>ment o<span class=\"_ _2\"></span>f any faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y is incl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span>d, whe<span class=\"_ _2\"></span>re app<span class=\"_ _2\"></span>lica<span class=\"_ _2\"></span>ble.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls14 ws1 gs2f1\">Interest rate risk<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2f2\">So<span class=\"_ _2\"></span>me of th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny\u2019s fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>cial ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are interes<span class=\"_ _2\"></span>t-b<span class=\"_ _2\"></span>eari<span class=\"_ _2\"></span>ng. Inte<span class=\"_ _2\"></span>rest-<span class=\"_ _2\"></span>rate risk is t<span class=\"_ _2\"></span>he ris<span class=\"_ _2\"></span>k that fu<span class=\"_ _2\"></span>ture cas<span class=\"_ _2\"></span>h flows w<span class=\"_ _2\"></span>ill cha<span class=\"_ _2\"></span>nge a<span class=\"_ _2\"></span>dvers<span class=\"_ _2\"></span>ely as a<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs2f3\">resul<span class=\"_ _0\"></span>t of changes<span class=\"_ _0\"></span> in market<span class=\"_ _0\"></span> inter<span class=\"_ _0\"></span>es<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> rates.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs2f4\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s poli<span class=\"_ _2\"></span>cy is to ho<span class=\"_ _2\"></span>ld cas<span class=\"_ _2\"></span>h in vari<span class=\"_ _2\"></span>able r<span class=\"_ _2\"></span>ate or sho<span class=\"_ _2\"></span>rt-<span class=\"_ _2\"></span>term fi<span class=\"_ _2\"></span>xed rate ba<span class=\"_ _2\"></span>nk accoun<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span>. At 30 Jun<span class=\"_ _2\"></span>e 2025, intere<span class=\"_ _2\"></span>st was b<span class=\"_ _2\"></span>ein<span class=\"_ _2\"></span>g receive<span class=\"_ _2\"></span>d on cas<span class=\"_ _2\"></span>h </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs2f5\">at a wei<span class=\"_ _2\"></span>ghted ave<span class=\"_ _2\"></span>rage v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble ra<span class=\"_ _2\"></span>te of 1.<span class=\"_ _2\"></span>2 per ce<span class=\"_ _2\"></span>nt (202<span class=\"_ _0\"></span>4: 1.<span class=\"_ _2\"></span>1 per ce<span class=\"_ _2\"></span>nt). Exp<span class=\"_ _2\"></span>osure va<span class=\"_ _2\"></span>ries t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>hout t<span class=\"_ _2\"></span>he pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d as a conse<span class=\"_ _2\"></span>quen<span class=\"_ _2\"></span>ce of chan<span class=\"_ _2\"></span>ges in<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs2f6\">the co<span class=\"_ _2\"></span>mpos<span class=\"_ _2\"></span>ition o<span class=\"_ _2\"></span>f the ne<span class=\"_ _2\"></span>t asset<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup a<span class=\"_ _2\"></span>risin<span class=\"_ _2\"></span>g out of th<span class=\"_ _2\"></span>e inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt and r<span class=\"_ _2\"></span>isk man<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>oli<span class=\"_ _2\"></span>cies<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span>se bal<span class=\"_ _2\"></span>ances e<span class=\"_ _2\"></span>xpose t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup to </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs2f7\">cas<span class=\"_ _2\"></span>h flow inte<span class=\"_ _2\"></span>rest rate r<span class=\"_ _2\"></span>isk as th<span class=\"_ _2\"></span>e Group\u2019s i<span class=\"_ _2\"></span>ncome a<span class=\"_ _2\"></span>nd op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing c<span class=\"_ _2\"></span>ash flo<span class=\"_ _2\"></span>ws will b<span class=\"_ _2\"></span>e af<span class=\"_ _2\"></span>fected by m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts in t<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>rket rate of inte<span class=\"_ _2\"></span>rest.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2f8\">At 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up had \u00a3<span class=\"_ _2\"></span>170,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a31<span class=\"_ _2\"></span>70,000,0<span class=\"_ _2\"></span>00) o<span class=\"_ _2\"></span>f commit<span class=\"_ _2\"></span>ted term l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd revolv<span class=\"_ _2\"></span>ing cred<span class=\"_ _2\"></span>it faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s whi<span class=\"_ _2\"></span>ch were </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2f9\">charg<span class=\"_ _2\"></span>ed intere<span class=\"_ _2\"></span>st at a rate of S<span class=\"_ _2\"></span>ONIA p<span class=\"_ _2\"></span>lus th<span class=\"_ _2\"></span>e relevan<span class=\"_ _2\"></span>t margi<span class=\"_ _2\"></span>n. At 30 J<span class=\"_ _2\"></span>une 2025, \u00a392,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 of t<span class=\"_ _2\"></span>he var<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>le rate faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s had b<span class=\"_ _2\"></span>een d<span class=\"_ _2\"></span>rawn d<span class=\"_ _2\"></span>own </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2fa\">(202<span class=\"_ _0\"></span>4: \u00a393,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0). The f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate bor<span class=\"_ _2\"></span>rowing<span class=\"_ _2\"></span>s is affe<span class=\"_ _2\"></span>cted by cha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>s in the m<span class=\"_ _2\"></span>arket r<span class=\"_ _2\"></span>ate of the len<span class=\"_ _2\"></span>din<span class=\"_ _2\"></span>g margi<span class=\"_ _2\"></span>n that wo<span class=\"_ _2\"></span>uld </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2fb\">ap<span class=\"_ _2\"></span>ply to sim<span class=\"_ _2\"></span>ilar lo<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>. The v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble rate b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs are c<span class=\"_ _2\"></span>arri<span class=\"_ _2\"></span>ed at am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d cost an<span class=\"_ _2\"></span>d the G<span class=\"_ _2\"></span>roup consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>s this to be a cl<span class=\"_ _2\"></span>ose ap<span class=\"_ _2\"></span>proximat<span class=\"_ _2\"></span>ion to </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2fc\">fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e at 30 Jun<span class=\"_ _2\"></span>e 2025 and 3<span class=\"_ _2\"></span>0 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2fd\">At 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up had h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed it<span class=\"_ _2\"></span>s expo<span class=\"_ _2\"></span>sure on \u00a380,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 of t<span class=\"_ _2\"></span>he \u00a392,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 of the d<span class=\"_ _2\"></span>rawn v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble rate b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs (2024<span class=\"_ _0\"></span>: </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2fe\">\u00a380,0<span class=\"_ _2\"></span>00,00<span class=\"_ _2\"></span>0 of th<span class=\"_ _2\"></span>e \u00a39<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 of drawn v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble ra<span class=\"_ _2\"></span>te facili<span class=\"_ _2\"></span>ties w<span class=\"_ _2\"></span>as hed<span class=\"_ _2\"></span>ged). On t<span class=\"_ _2\"></span>he unh<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed va<span class=\"_ _2\"></span>riab<span class=\"_ _2\"></span>le rate bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs, in<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>eres<span class=\"_ _2\"></span>t is paya<span class=\"_ _2\"></span>ble </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2ff\">at a va<span class=\"_ _2\"></span>riab<span class=\"_ _2\"></span>le rate equ<span class=\"_ _2\"></span>al to SON<span class=\"_ _2\"></span>IA plus t<span class=\"_ _2\"></span>he wei<span class=\"_ _2\"></span>ghted ave<span class=\"_ _2\"></span>rage l<span class=\"_ _2\"></span>endi<span class=\"_ _2\"></span>ng ma<span class=\"_ _2\"></span>rgin, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>isati<span class=\"_ _2\"></span>on of cost<span class=\"_ _2\"></span>s, of 2.4<span class=\"_ _2\"></span>6 per ce<span class=\"_ _2\"></span>nt per a<span class=\"_ _2\"></span>nnum<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs300\">(202<span class=\"_ _0\"></span>4: 2.4<span class=\"_ _2\"></span>6 per cen<span class=\"_ _2\"></span>t). The va<span class=\"_ _2\"></span>riab<span class=\"_ _2\"></span>le rate b<span class=\"_ _2\"></span>orrowin<span class=\"_ _2\"></span>gs exp<span class=\"_ _2\"></span>ose th<span class=\"_ _2\"></span>e Group to c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ow interest r<span class=\"_ _2\"></span>ate risk as t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s incom<span class=\"_ _2\"></span>e and o<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>atin<span class=\"_ _2\"></span>g cash </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs301\">flo<span class=\"_ _2\"></span>ws will b<span class=\"_ _2\"></span>e af<span class=\"_ _2\"></span>fected by m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts in t<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>rket rate of inte<span class=\"_ _2\"></span>rest.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs303\">At 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up had f<span class=\"_ _2\"></span>ixed r<span class=\"_ _2\"></span>ate t<span class=\"_ _1\"></span>erm l<span class=\"_ _2\"></span>oans tot<span class=\"_ _2\"></span>allin<span class=\"_ _2\"></span>g \u00a315<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a31<span class=\"_ _2\"></span>50,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0) and h<span class=\"_ _2\"></span>ad he<span class=\"_ _2\"></span>dge<span class=\"_ _2\"></span>d its ex<span class=\"_ _2\"></span>posure to in<span class=\"_ _2\"></span>creases<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs304\">in inte<span class=\"_ _2\"></span>rest rates o<span class=\"_ _2\"></span>n \u00a380,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a380,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00) of th<span class=\"_ _2\"></span>e var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate loan<span class=\"_ _2\"></span>s, as refer<span class=\"_ _2\"></span>red to above, t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h enteri<span class=\"_ _2\"></span>ng into a \u00a330<span class=\"_ _2\"></span>,000,<span class=\"_ _2\"></span>000<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs305\">fixe<span class=\"_ _2\"></span>d rate intere<span class=\"_ _2\"></span>st rate sw<span class=\"_ _2\"></span>ap an<span class=\"_ _2\"></span>d a \u00a350,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 interes<span class=\"_ _2\"></span>t rate cap a<span class=\"_ _2\"></span>t 3.0 pe<span class=\"_ _2\"></span>r cent. Fi<span class=\"_ _2\"></span>xing t<span class=\"_ _2\"></span>he interes<span class=\"_ _2\"></span>t rate exp<span class=\"_ _2\"></span>oses t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up to fair v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs306\">interes<span class=\"_ _2\"></span>t rate ris<span class=\"_ _2\"></span>k as the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e fixe<span class=\"_ _2\"></span>d rate bor<span class=\"_ _2\"></span>rowing<span class=\"_ _2\"></span>s, or t<span class=\"_ _2\"></span>he fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of the i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative us<span class=\"_ _2\"></span>ed to fix t<span class=\"_ _2\"></span>he intere<span class=\"_ _2\"></span>st rate on a<span class=\"_ _2\"></span>n </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs307\">oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>wise v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble rate lo<span class=\"_ _2\"></span>an, wi<span class=\"_ _2\"></span>ll be af<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>ted by movem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s in the m<span class=\"_ _2\"></span>arket r<span class=\"_ _2\"></span>ate of interest<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e \u00a3150,<span class=\"_ _2\"></span>000,<span class=\"_ _2\"></span>000 f<span class=\"_ _2\"></span>ixed r<span class=\"_ _2\"></span>ate t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>rm loa<span class=\"_ _2\"></span>ns are ca<span class=\"_ _2\"></span>rrie<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs308\">at am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tised cos<span class=\"_ _2\"></span>t on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s bala<span class=\"_ _2\"></span>nce she<span class=\"_ _2\"></span>et, wi<span class=\"_ _2\"></span>th the e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e and cos<span class=\"_ _2\"></span>t of repaym<span class=\"_ _2\"></span>ent b<span class=\"_ _2\"></span>eing d<span class=\"_ _2\"></span>isclose<span class=\"_ _2\"></span>d in Note 1<span class=\"_ _2\"></span>3, wh<span class=\"_ _2\"></span>ereas th<span class=\"_ _2\"></span>e </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs309\">fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e of the i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s are recogn<span class=\"_ _2\"></span>ised d<span class=\"_ _2\"></span>irect<span class=\"_ _2\"></span>ly on th<span class=\"_ _2\"></span>e Group\u2019s b<span class=\"_ _2\"></span>alan<span class=\"_ _2\"></span>ce she<span class=\"_ _2\"></span>et. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs30a\">At 30 J<span class=\"_ _2\"></span>une 2025 th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s interest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vativ<span class=\"_ _2\"></span>es, wh<span class=\"_ _2\"></span>ich ha<span class=\"_ _2\"></span>d a fair v<span class=\"_ _2\"></span>alue of \u00a3<span class=\"_ _2\"></span>572,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>2,820,0<span class=\"_ _2\"></span>00) an<span class=\"_ _2\"></span>d hed<span class=\"_ _2\"></span>ged a n<span class=\"_ _2\"></span>otio<span class=\"_ _2\"></span>nal va<span class=\"_ _2\"></span>lue of </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs30b\">\u00a380,0<span class=\"_ _2\"></span>00,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a380,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00), a<span class=\"_ _2\"></span>nd its f<span class=\"_ _2\"></span>ixed r<span class=\"_ _2\"></span>ate t<span class=\"_ _1\"></span>erm l<span class=\"_ _2\"></span>oans of \u00a3<span class=\"_ _2\"></span>150,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>150,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00) we<span class=\"_ _2\"></span>re expo<span class=\"_ _2\"></span>sed to fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs30c\">rate ris<span class=\"_ _2\"></span>k. At 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _2\"></span>, an increa<span class=\"_ _2\"></span>se of 0.<span class=\"_ _2\"></span>25 pe<span class=\"_ _2\"></span>r cent in intere<span class=\"_ _2\"></span>st rates wo<span class=\"_ _2\"></span>uld hav<span class=\"_ _2\"></span>e increase<span class=\"_ _2\"></span>d the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate der<span class=\"_ _2\"></span>ivat<span class=\"_ _2\"></span>ive </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs30d\">ass<span class=\"_ _2\"></span>ets an<span class=\"_ _2\"></span>d increa<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>e othe<span class=\"_ _2\"></span>r compre<span class=\"_ _2\"></span>hens<span class=\"_ _2\"></span>ive inco<span class=\"_ _2\"></span>me an<span class=\"_ _2\"></span>d repor<span class=\"_ _2\"></span>ted tot<span class=\"_ _2\"></span>al comp<span class=\"_ _2\"></span>rehen<span class=\"_ _2\"></span>sive in<span class=\"_ _2\"></span>come for t<span class=\"_ _2\"></span>he year by \u00a365,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>235,0<span class=\"_ _2\"></span>00). </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs30e\">Th<span class=\"_ _2\"></span>e sam<span class=\"_ _2\"></span>e increas<span class=\"_ _2\"></span>e in interes<span class=\"_ _2\"></span>t rates wo<span class=\"_ _2\"></span>uld have d<span class=\"_ _2\"></span>ecrease<span class=\"_ _2\"></span>d the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e fixe<span class=\"_ _2\"></span>d rate term lo<span class=\"_ _2\"></span>ans by an a<span class=\"_ _2\"></span>ggreg<span class=\"_ _2\"></span>ate of \u00a32,047<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs30f\">\u00a32,<span class=\"_ _2\"></span>22<span class=\"_ _2\"></span>1,0<span class=\"_ _2\"></span>00); howeve<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>, as th<span class=\"_ _2\"></span>e fixe<span class=\"_ _2\"></span>d rate loan i<span class=\"_ _2\"></span>s held a<span class=\"_ _2\"></span>t amor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>ed cost<span class=\"_ _2\"></span>, the rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ted tota<span class=\"_ _2\"></span>l compre<span class=\"_ _2\"></span>hens<span class=\"_ _2\"></span>ive inco<span class=\"_ _2\"></span>me for th<span class=\"_ _2\"></span>e year wou<span class=\"_ _2\"></span>ld have </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs310\">rema<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>d uncha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>d. A de<span class=\"_ _2\"></span>crease in inte<span class=\"_ _2\"></span>rest rate<span class=\"_ _2\"></span>s would h<span class=\"_ _2\"></span>ave had a<span class=\"_ _2\"></span>n app<span class=\"_ _2\"></span>ro<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>imatel<span class=\"_ _2\"></span>y equa<span class=\"_ _2\"></span>l and o<span class=\"_ _2\"></span>ppos<span class=\"_ _2\"></span>ite effe<span class=\"_ _2\"></span>ct. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs311\">Fur<span class=\"_ _2\"></span>ther d<span class=\"_ _2\"></span>etai<span class=\"_ _2\"></span>ls on t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs are det<span class=\"_ _2\"></span>aile<span class=\"_ _2\"></span>d in Note 1<span class=\"_ _2\"></span>3 and cha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>s subse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>nt to the year e<span class=\"_ _2\"></span>nd are d<span class=\"_ _2\"></span>etai<span class=\"_ _2\"></span>led in No<span class=\"_ _2\"></span>te 20.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs312\">Th<span class=\"_ _2\"></span>e follow<span class=\"_ _2\"></span>ing ta<span class=\"_ _2\"></span>ble se<span class=\"_ _2\"></span>ts out t<span class=\"_ _2\"></span>he ca<span class=\"_ _2\"></span>rr<span class=\"_ _2\"></span>yin<span class=\"_ _2\"></span>g amo<span class=\"_ _2\"></span>unt of th<span class=\"_ _2\"></span>e Group\u2019s f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s tha<span class=\"_ _2\"></span>t are exp<span class=\"_ _2\"></span>osed to cas<span class=\"_ _2\"></span>h flow in<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>eres<span class=\"_ _2\"></span>t rate risk<span class=\"_ _2\"></span>:<span class=\"_ _231\"> </span></div><div class=\"gs313\"><table class=\"s w2e9 hd7\" id=\"_f726dbd3-e434-45f6-ab0e-7967bfe97826\"><tr><td></td><td></td><td class=\"c n x48d y199d w2ea hc3\"><div class=\"t m0 x154 hd y1889 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t 30 Jun<span class=\"_ _2\"></span>e 2025<span class=\"_ _231\"> </span></div></td><td></td><td class=\"c n x48e y199d w2eb hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at 30 J<span class=\"_ _2\"></span>une 20<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x48f h1d y199e ff24 fs8 fc1 sc0 ls52 ws155\">Fixed r<span class=\"_ _2\"></span>ate<span class=\"_ _231\"> </span></td><td class=\"t m0 x490 h1d y199e ff24 fs8 fc1 sc0 ls53 ws50\">Variable rate<span class=\"_ _231\"> </span></td><td class=\"t m0 x431 hd y199e ff25 fs8 fc1 sc0 ls141 ws16b\">Fix<span class=\"_ _2\"></span>ed ra<span class=\"_ _2\"></span>te<span class=\"_ _231\"> </span></td><td class=\"t m0 x491 hd y199e ff25 fs8 fc1 sc0 ls1d ws18\">Vari<span class=\"_ _1\"></span>able ra<span class=\"_ _1\"></span>te<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x160 h1d y199f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 h1d y199f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y199f ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y199f ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1924 wa3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _231\"> </span></div></td><td class=\"c n x492 y1924 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x493 y1924 wa5 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">39,639<span class=\"_ _231\"> </span></div></td><td class=\"c n x494 y1924 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x495 y1924 wa6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">38,884<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w9c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>e derivatives<span class=\"_ _231\"> </span></div></td><td class=\"c n x496 y1925 wa2 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls2f ws62\">572<span class=\"_ _231\"> </span></div></td><td class=\"c n x497 y1925 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x498 y1925 w9d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsac ws9f\">2,<span class=\"_ _2\"></span>820<span class=\"_ _231\"> </span></div></td><td class=\"c n x499 y1925 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 wac haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws44\">Loans<span class=\"_ _231\"> </span></div></td><td class=\"c n x49a y18e4 w2ec hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(230,00<span class=\"_ _2\"></span>0)<span class=\"_ _231\"> </span></div></td><td class=\"c n x49b y18e4 w2ed hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls63 ws64\">(12,000)<span class=\"_ _231\"> </span></div></td><td class=\"c n x49c y18e4 w2ee haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">(230,0<span class=\"_ _2\"></span>00)<span class=\"_ _231\"> </span></div></td><td class=\"c n x49d y18e4 w29f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls14d ws77\">(13,<span class=\"_ _0\"></span>000)<span class=\"_ _231\"> </span></div></td></tr><tr><td></td><td class=\"c n x333 y18da w2ef hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(229,428)<span class=\"_ _231\"> </span></div></td><td class=\"c n x49e y18da w2f0 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">2<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _2\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x49f y18da w2f1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">(227<span class=\"_ _0\"></span>,180)<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a0 y18da w2f2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">25,884<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 lscb ws1 gs314\">Bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s expos<span class=\"_ _2\"></span>ure to cash f<span class=\"_ _2\"></span>low interes<span class=\"_ _2\"></span>t rate risk<span class=\"_ _2\"></span>, an in<span class=\"_ _2\"></span>crease of 0.<span class=\"_ _2\"></span>25 p<span class=\"_ _2\"></span>er cent in i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ates would h<span class=\"_ _2\"></span>ave increa<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>e repo<span class=\"_ _2\"></span>rted p<span class=\"_ _2\"></span>rofit<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 lscb ws1 gs315\">for th<span class=\"_ _2\"></span>e year an<span class=\"_ _2\"></span>d the n<span class=\"_ _2\"></span>et asse<span class=\"_ _2\"></span>ts at th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>d by \u00a3<span class=\"_ _0\"></span>69,0<span class=\"_ _2\"></span>00 (202<span class=\"_ _1\"></span>4: \u00a3<span class=\"_ _0\"></span>65<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0), a decreas<span class=\"_ _2\"></span>e in interes<span class=\"_ _2\"></span>t rates wo<span class=\"_ _2\"></span>uld have a<span class=\"_ _2\"></span>n equ<span class=\"_ _2\"></span>al and o<span class=\"_ _2\"></span>pp<span class=\"_ _2\"></span>osite effe<span class=\"_ _2\"></span>ct.<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 lscb ws1 gs316\">Th<span class=\"_ _2\"></span>ese m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts are c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ated base<span class=\"_ _2\"></span>d on ba<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>ces as at 30 Ju<span class=\"_ _2\"></span>ne 2025 (30 J<span class=\"_ _2\"></span>une 2024) and may n<span class=\"_ _2\"></span>ot be ref<span class=\"_ _2\"></span>lect<span class=\"_ _2\"></span>ive of ac<span class=\"_ _2\"></span>tual f<span class=\"_ _2\"></span>uture con<span class=\"_ _2\"></span>ditio<span class=\"_ _2\"></span>ns.<span class=\"_ _231\"> </span></div><div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls36 ws40 gs317\">Market p<span class=\"_ _2\"></span>rice risk<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls27 ws1 gs318\">Th<span class=\"_ _2\"></span>e man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent of m<span class=\"_ _2\"></span>arket pr<span class=\"_ _2\"></span>ice risk i<span class=\"_ _2\"></span>s par<span class=\"_ _2\"></span>t of the i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment m<span class=\"_ _2\"></span>anag<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt proces<span class=\"_ _2\"></span>s and i<span class=\"_ _2\"></span>s ty<span class=\"_ _2\"></span>pica<span class=\"_ _2\"></span>l of a prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment co<span class=\"_ _2\"></span>mpany. Th<span class=\"_ _2\"></span>e por<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls27 ws1 gs319\">is ma<span class=\"_ _2\"></span>nag<span class=\"_ _2\"></span>ed with a<span class=\"_ _2\"></span>n aware<span class=\"_ _2\"></span>ness o<span class=\"_ _2\"></span>f the ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>s of ad<span class=\"_ _2\"></span>verse v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>ion m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts th<span class=\"_ _2\"></span>rough d<span class=\"_ _2\"></span>etai<span class=\"_ _2\"></span>led an<span class=\"_ _2\"></span>d contin<span class=\"_ _2\"></span>uing a<span class=\"_ _2\"></span>naly<span class=\"_ _2\"></span>sis, w<span class=\"_ _2\"></span>ith an o<span class=\"_ _2\"></span>bjec<span class=\"_ _2\"></span>tive of<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws24 gs31a\">maximising<span class=\"_ _0\"></span> overall r<span class=\"_ _0\"></span>eturns t<span class=\"_ _0\"></span>o shareholders. In<span class=\"_ _0\"></span>vestments in pr<span class=\"_ _0\"></span>op<span class=\"_ _2\"></span>erty and propert<span class=\"_ _2\"></span>y-relat<span class=\"_ _0\"></span>ed assets are<span class=\"_ _0\"></span> inherently<span class=\"_ _0\"></span> dif<span class=\"_ _2\"></span>fic<span class=\"_ _1\"></span>ult t<span class=\"_ _0\"></span>o value due<span class=\"_ _0\"></span> to the i<span class=\"_ _1\"></span>ndividual </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls27 ws1 gs31b\">natu<span class=\"_ _2\"></span>re of each pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. A<span class=\"_ _2\"></span>s a resu<span class=\"_ _2\"></span>lt, va<span class=\"_ _2\"></span>luati<span class=\"_ _2\"></span>ons are su<span class=\"_ _2\"></span>bjec<span class=\"_ _2\"></span>t to subst<span class=\"_ _2\"></span>anti<span class=\"_ _2\"></span>al unce<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>y<span class=\"_ _1\"></span>. Th<span class=\"_ _2\"></span>ere is no a<span class=\"_ _2\"></span>ssur<span class=\"_ _2\"></span>ance th<span class=\"_ _2\"></span>at the es<span class=\"_ _2\"></span>tima<span class=\"_ _2\"></span>tes result<span class=\"_ _2\"></span>ing fro<span class=\"_ _2\"></span>m the<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls27 ws1 gs31c\">val<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>n proces<span class=\"_ _2\"></span>s will ref<span class=\"_ _2\"></span>lec<span class=\"_ _2\"></span>t the ac<span class=\"_ _2\"></span>tual s<span class=\"_ _2\"></span>ales p<span class=\"_ _2\"></span>rice eve<span class=\"_ _2\"></span>n where s<span class=\"_ _2\"></span>uch sa<span class=\"_ _2\"></span>les occur s<span class=\"_ _2\"></span>hor<span class=\"_ _2\"></span>tly af<span class=\"_ _2\"></span>ter th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n date. Such r<span class=\"_ _2\"></span>isk is mi<span class=\"_ _2\"></span>nimis<span class=\"_ _2\"></span>ed thro<span class=\"_ _2\"></span>ugh th<span class=\"_ _2\"></span>e </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls27 ws1 gs31d\">ap<span class=\"_ _2\"></span>point<span class=\"_ _2\"></span>ment o<span class=\"_ _2\"></span>f exter<span class=\"_ _2\"></span>nal pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y valu<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span>. The b<span class=\"_ _2\"></span>asis of v<span class=\"_ _2\"></span>aluati<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfol<span class=\"_ _2\"></span>io is set o<span class=\"_ _2\"></span>ut in det<span class=\"_ _2\"></span>ail in t<span class=\"_ _2\"></span>he accoun<span class=\"_ _2\"></span>ting p<span class=\"_ _2\"></span>olici<span class=\"_ _2\"></span>es an<span class=\"_ _2\"></span>d Note 9.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls27 ws1 gs31e\">A<span class=\"_ _2\"></span>s set out in N<span class=\"_ _2\"></span>ote 9, the ex<span class=\"_ _2\"></span>terna<span class=\"_ _2\"></span>l valu<span class=\"_ _2\"></span>ers are m<span class=\"_ _2\"></span>indf<span class=\"_ _2\"></span>ul of th<span class=\"_ _2\"></span>e potenti<span class=\"_ _2\"></span>al imp<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s ESG may h<span class=\"_ _2\"></span>ave on ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l and re<span class=\"_ _2\"></span>ntal v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span>. Current<span class=\"_ _2\"></span>ly in th<span class=\"_ _2\"></span>e UK<span class=\"_ _2\"></span>, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls27 ws1 gs31f\">de<span class=\"_ _2\"></span>mand<span class=\"_ _2\"></span>s for more p<span class=\"_ _2\"></span>recise an<span class=\"_ _2\"></span>d rig<span class=\"_ _2\"></span>orous va<span class=\"_ _2\"></span>luati<span class=\"_ _2\"></span>on of sus<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>nabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y features h<span class=\"_ _2\"></span>ave grown; how<span class=\"_ _2\"></span>ever<span class=\"_ _0\"></span>, t<span class=\"_ _2\"></span>here is s<span class=\"_ _2\"></span>till a ga<span class=\"_ _2\"></span>p in the e<span class=\"_ _2\"></span>xact k<span class=\"_ _2\"></span>nowle<span class=\"_ _2\"></span>dge of h<span class=\"_ _2\"></span>ow </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls27 ws1 gs320\">to valu<span class=\"_ _2\"></span>e sust<span class=\"_ _2\"></span>aina<span class=\"_ _2\"></span>bil<span class=\"_ _2\"></span>ity fea<span class=\"_ _2\"></span>tures to ap<span class=\"_ _2\"></span>propr<span class=\"_ _2\"></span>iately ref<span class=\"_ _2\"></span>lect a \u2018gre<span class=\"_ _2\"></span>en prem<span class=\"_ _2\"></span>ium\u2019 or \u2018<span class=\"_ _2\"></span>brow<span class=\"_ _2\"></span>n discoun<span class=\"_ _2\"></span>t\u2019. Sentim<span class=\"_ _2\"></span>ent is s<span class=\"_ _2\"></span>hif<span class=\"_ _2\"></span>ting tow<span class=\"_ _2\"></span>ards a focus o<span class=\"_ _2\"></span>n ene<span class=\"_ _2\"></span>rgy use,<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws24 gs321\">ensuring buil<span class=\"_ _0\"></span>dings meet envir<span class=\"_ _0\"></span>onmental energy e<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>ficiency standard<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> with regulati<span class=\"_ _1\"></span>on being tigh<span class=\"_ _0\"></span>tened to<span class=\"_ _0\"></span> meet the UK go<span class=\"_ _0\"></span>vernment\u2019s \u2018<span class=\"_ _0\"></span>net zer<span class=\"_ _0\"></span>o carbon\u2019 </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws24 gs322\">target.<span class=\"_ _1\"></span> The more<span class=\"_ _1\"></span> stringent Minimum<span class=\"_ _0\"></span> Energy E<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>ficiency S<span class=\"_ _0\"></span>tandards\u2019<span class=\"_ _0\"></span> regulations wil<span class=\"_ _0\"></span>l require<span class=\"_ _0\"></span> landlords, especi<span class=\"_ _1\"></span>ally tho<span class=\"_ _0\"></span>se whose pr<span class=\"_ _0\"></span>op<span class=\"_ _2\"></span>erties do no<span class=\"_ _0\"></span>t meet </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls27 ws1 gs323\">the M<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>um Ene<span class=\"_ _2\"></span>rgy Eff<span class=\"_ _2\"></span>icie<span class=\"_ _2\"></span>ncy St<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ards\u2019 regul<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns, to inve<span class=\"_ _2\"></span>st fu<span class=\"_ _2\"></span>rth<span class=\"_ _2\"></span>er in t<span class=\"_ _2\"></span>heir p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es. I<span class=\"_ _2\"></span>n add<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>, the U<span class=\"_ _2\"></span>K\u2019s intro<span class=\"_ _2\"></span>duc<span class=\"_ _2\"></span>tion of m<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ator<span class=\"_ _2\"></span>y clima<span class=\"_ _2\"></span>te </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls27 ws1 gs324\">rela<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed di<span class=\"_ _2\"></span>sclosu<span class=\"_ _2\"></span>res and t<span class=\"_ _2\"></span>he Europ<span class=\"_ _2\"></span>ean Uni<span class=\"_ _2\"></span>on\u2019s Sus<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>nabl<span class=\"_ _2\"></span>e Finan<span class=\"_ _2\"></span>ce Discl<span class=\"_ _2\"></span>osure Reg<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>ons ma<span class=\"_ _2\"></span>y impa<span class=\"_ _2\"></span>ct on as<span class=\"_ _2\"></span>set va<span class=\"_ _2\"></span>lues<span class=\"_ _2\"></span>, or how t<span class=\"_ _2\"></span>he mar<span class=\"_ _2\"></span>ket view<span class=\"_ _2\"></span>s </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs325\">risks<span class=\"_ _0\"></span> and<span class=\"_ _1\"></span> inc<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>them i<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>sale <span class=\"_ _0\"></span>or le<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>ng of<span class=\"_ _0\"></span> asse<span class=\"_ _0\"></span>ts<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>ere is al<span class=\"_ _2\"></span>so th<span class=\"_ _2\"></span>e potenti<span class=\"_ _2\"></span>al tha<span class=\"_ _2\"></span>t future le<span class=\"_ _2\"></span>gisl<span class=\"_ _2\"></span>ative cha<span class=\"_ _2\"></span>nge, s<span class=\"_ _2\"></span>uch as an u<span class=\"_ _2\"></span>pdate to th<span class=\"_ _2\"></span>e </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs326\">Min<span class=\"_ _2\"></span>imum En<span class=\"_ _2\"></span>ergy Ef<span class=\"_ _2\"></span>fici<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y Stan<span class=\"_ _2\"></span>dards o<span class=\"_ _2\"></span>r the int<span class=\"_ _2\"></span>rodu<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n of an op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l ratin<span class=\"_ _2\"></span>g, may i<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ct fut<span class=\"_ _2\"></span>ure prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty va<span class=\"_ _2\"></span>luati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs327\">Any ch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>es in ma<span class=\"_ _2\"></span>rket cond<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>s will d<span class=\"_ _2\"></span>irectl<span class=\"_ _2\"></span>y affe<span class=\"_ _2\"></span>ct the p<span class=\"_ _2\"></span>rofit an<span class=\"_ _2\"></span>d loss re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ted th<span class=\"_ _2\"></span>rough t<span class=\"_ _2\"></span>he Statem<span class=\"_ _2\"></span>ent of Com<span class=\"_ _2\"></span>preh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e. Det<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>s of </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws9b gs328\">the G<span class=\"_ _2\"></span>roup\u2019s in<span class=\"_ _2\"></span>vestm<span class=\"_ _2\"></span>ent pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y por<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>folio h<span class=\"_ _2\"></span>eld at th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet date are d<span class=\"_ _2\"></span>isclose<span class=\"_ _2\"></span>d in Note 9. A 10 per ce<span class=\"_ _2\"></span>nt increas<span class=\"_ _2\"></span>e in the c<span class=\"_ _2\"></span>arr<span class=\"_ _2\"></span>yi<span class=\"_ _2\"></span>ng va<span class=\"_ _2\"></span>lue of </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs329\">the i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es as at 30 J<span class=\"_ _2\"></span>une 2025 (3<span class=\"_ _2\"></span>0 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4) wou<span class=\"_ _2\"></span>ld have in<span class=\"_ _2\"></span>creased n<span class=\"_ _2\"></span>et asse<span class=\"_ _2\"></span>ts ava<span class=\"_ _2\"></span>ilab<span class=\"_ _2\"></span>le to sha<span class=\"_ _2\"></span>rehol<span class=\"_ _2\"></span>ders a<span class=\"_ _2\"></span>nd in<span class=\"_ _2\"></span>creased t<span class=\"_ _2\"></span>he net </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs32a\">inco<span class=\"_ _2\"></span>me for th<span class=\"_ _2\"></span>e year by \u00a384<span class=\"_ _2\"></span>,043,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a383,1<span class=\"_ _2\"></span>57<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0)<span class=\"_ _1\"></span>; an e<span class=\"_ _2\"></span>qual a<span class=\"_ _2\"></span>nd op<span class=\"_ _2\"></span>posite m<span class=\"_ _2\"></span>ovemen<span class=\"_ _2\"></span>t would h<span class=\"_ _2\"></span>ave decrea<span class=\"_ _2\"></span>sed ne<span class=\"_ _2\"></span>t asset<span class=\"_ _2\"></span>s and d<span class=\"_ _2\"></span>ecrease<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs32b\">the n<span class=\"_ _2\"></span>et inco<span class=\"_ _2\"></span>me by an e<span class=\"_ _2\"></span>quiv<span class=\"_ _2\"></span>alent a<span class=\"_ _2\"></span>mou<span class=\"_ _2\"></span>nt.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs32c\">Th<span class=\"_ _2\"></span>e calcu<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>ons are ba<span class=\"_ _2\"></span>sed on t<span class=\"_ _2\"></span>he inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>ions at t<span class=\"_ _2\"></span>he resp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>ive ba<span class=\"_ _2\"></span>lance sh<span class=\"_ _2\"></span>eet da<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>e an<span class=\"_ _2\"></span>d may not b<span class=\"_ _2\"></span>e refle<span class=\"_ _2\"></span>ctive of f<span class=\"_ _2\"></span>uture </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls23 ws1e gs32d\">market<span class=\"_ _1\"></span> conditions.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-386": {
   "value": "13. Loans<span class=\"_ _231\"> </span><table class=\"s wf4 hcb\" id=\"_59ca294f-992e-4bdb-9407-ac5c3b887714\"><tr><td></td><td class=\"t m0 x1ef h1d y1976 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y1976 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1977 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1977 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y1978 ff25 fs8 fc1 sc0 ls71 ws76\">Non-<span class=\"_ _2\"></span>curr<span class=\"_ _0\"></span>ent loans<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1978 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1978 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y191b w273 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls7c ws67\">Princ<span class=\"_ _0\"></span>ipal amoun<span class=\"_ _0\"></span>t outstanding<span class=\"_ _231\"> </span></div></td><td class=\"c n x3dc y191b w274 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls63 ws64\">150,<span class=\"_ _0\"></span>000<span class=\"_ _231\"> </span></div></td><td class=\"c n x3dd y191b w275 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls14d ws77\">2<span class=\"_ _0\"></span>43,<span class=\"_ _0\"></span>000<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191c w276 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls49 ws89\">Se<span class=\"_ _2\"></span>t-u<span class=\"_ _2\"></span>p cos<span class=\"_ _2\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x3de y191c w277 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">(2<span class=\"_ _2\"></span>,41<span class=\"_ _2\"></span>3)<span class=\"_ _231\"> </span></div></td><td class=\"c n x3df y191c w278 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls15 wsae\">(4,<span class=\"_ _2\"></span>520<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191d w279 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tisat<span class=\"_ _2\"></span>ion of se<span class=\"_ _2\"></span>t-up cos<span class=\"_ _2\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e0 y191d w27a hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">852<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e1 y191d w27b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls159 ws16f\">2<span class=\"_ _2\"></span>,192<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e2 y18da w27c hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls49 wsf0\">14<span class=\"_ _2\"></span>8,439<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e3 y18da w27d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws44\">2<span class=\"_ _0\"></span>40,672<span class=\"_ _231\"> </span></div></td></tr></table><table class=\"s w14a hcc\" id=\"_1c34c99d-48fc-41e4-9216-46bb3352ed82\"><tr><td></td><td class=\"t m0 x1ef h1d y1979 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y1979 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y197a ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y197a ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y197b ff25 fs8 fc1 sc0 ls71 ws76\">Curren<span class=\"_ _0\"></span>t loans<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y197b ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y197b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1900 w273 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls7c ws67\">Princ<span class=\"_ _0\"></span>ipal amoun<span class=\"_ _0\"></span>t outstanding<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e4 y1900 w27e hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls63 ws64\">92,000<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e5 y1900 w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18ce w276 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls49 ws89\">Se<span class=\"_ _2\"></span>t-u<span class=\"_ _2\"></span>p cos<span class=\"_ _2\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x3de y18ce w27f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls159 ws16f\">(2<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>07)<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e6 y18ce w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18ac w279 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tisat<span class=\"_ _2\"></span>ion of se<span class=\"_ _2\"></span>t-up cos<span class=\"_ _2\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e7 y18ac w280 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls20 ws58\">1<span class=\"_ _2\"></span>,959<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e8 y18ac w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hcd\"><div class=\"t m0 x154 h17 y197c ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3da y18da w281 hcd\"><div class=\"t m0 x154 h17 y197c ff24 fs2 fc1 sc0 ls4 ws55\">91<span class=\"_ _2\"></span>,852<span class=\"_ _231\"> </span></div></td><td class=\"c n x3e9 y18da w2c haf\"><div class=\"t m0 x154 h17 y197c ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr></table>In Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2020, the G<span class=\"_ _2\"></span>roup en<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ered i<span class=\"_ _2\"></span>nto a \u00a370,000,<span class=\"_ _2\"></span>000 co<span class=\"_ _2\"></span>mmit<span class=\"_ _2\"></span>ted term lo<span class=\"_ _2\"></span>an an<span class=\"_ _2\"></span>d revolvi<span class=\"_ _2\"></span>ng credit f<span class=\"_ _2\"></span>acil<span class=\"_ _2\"></span>ity w<span class=\"_ _2\"></span>ith th<span class=\"_ _2\"></span>e Royal Ba<span class=\"_ _2\"></span>nk of Scotl<span class=\"_ _2\"></span>and p<span class=\"_ _2\"></span>lc (\u2018<span class=\"_ _2\"></span>RBS\u2019<span class=\"_ _2\"></span>) whi<span class=\"_ _2\"></span>ch is repaya<span class=\"_ _2\"></span>ble in N<span class=\"_ _2\"></span>ovemb<span class=\"_ _2\"></span>er 2025. I<span class=\"_ _2\"></span>nterest a<span class=\"_ _2\"></span>ccrues o<span class=\"_ _2\"></span>n the b<span class=\"_ _2\"></span>ank lo<span class=\"_ _2\"></span>an at a var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate, base<span class=\"_ _2\"></span>d on SO<span class=\"_ _2\"></span>NIA pl<span class=\"_ _2\"></span>us margi<span class=\"_ _2\"></span>n and m<span class=\"_ _2\"></span>anda<span class=\"_ _2\"></span>tor<span class=\"_ _2\"></span>y len<span class=\"_ _2\"></span>ding cos<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span>, and is p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le qua<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span>ly<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>rgin is 2.<span class=\"_ _2\"></span>18 per ce<span class=\"_ _2\"></span>nt per a<span class=\"_ _2\"></span>nnum o<span class=\"_ _2\"></span>n \u00a350,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 of th<span class=\"_ _2\"></span>e facil<span class=\"_ _2\"></span>ity a<span class=\"_ _2\"></span>nd 2.<span class=\"_ _2\"></span>33 per ce<span class=\"_ _2\"></span>nt per a<span class=\"_ _2\"></span>nnu<span class=\"_ _2\"></span>m on th<span class=\"_ _2\"></span>e rema<span class=\"_ _2\"></span>inin<span class=\"_ _2\"></span>g \u00a320,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 revolv<span class=\"_ _2\"></span>ing cred<span class=\"_ _2\"></span>it faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, bo<span class=\"_ _2\"></span>th for th<span class=\"_ _2\"></span>e durat<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e loan<span class=\"_ _2\"></span>. A non<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>util<span class=\"_ _2\"></span>isati<span class=\"_ _2\"></span>on fee of 1<span class=\"_ _2\"></span>.1<span class=\"_ _2\"></span>3 per cent p<span class=\"_ _2\"></span>er an<span class=\"_ _2\"></span>num is<span class=\"_ _2\"></span> paya<span class=\"_ _2\"></span>ble o<span class=\"_ _2\"></span>n the fi<span class=\"_ _2\"></span>rst \u00a3<span class=\"_ _2\"></span>20,000<span class=\"_ _2\"></span>,000 o<span class=\"_ _2\"></span>f any und<span class=\"_ _2\"></span>rawn e<span class=\"_ _2\"></span>leme<span class=\"_ _2\"></span>nt of the f<span class=\"_ _2\"></span>acil<span class=\"_ _2\"></span>ity, reduci<span class=\"_ _2\"></span>ng to 1.<span class=\"_ _2\"></span>05 per ce<span class=\"_ _2\"></span>nt per a<span class=\"_ _2\"></span>nnum t<span class=\"_ _2\"></span>hereaf<span class=\"_ _2\"></span>ter. As at 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _2\"></span>, the G<span class=\"_ _2\"></span>roup h<span class=\"_ _2\"></span>ad dra<span class=\"_ _2\"></span>wn \u00a3<span class=\"_ _0\"></span>42,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 u<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>r this fa<span class=\"_ _2\"></span>cilit<span class=\"_ _2\"></span>y (2024<span class=\"_ _0\"></span>: \u00a34<span class=\"_ _1\"></span>3,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00).<span class=\"_ _231\"> </span>In Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2020, the G<span class=\"_ _2\"></span>roup en<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ered i<span class=\"_ _2\"></span>nto a \u00a3100,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 revol<span class=\"_ _2\"></span>ving cre<span class=\"_ _2\"></span>dit fa<span class=\"_ _2\"></span>cilit<span class=\"_ _2\"></span>y with H<span class=\"_ _2\"></span>SBC Ban<span class=\"_ _2\"></span>k plc (<span class=\"_ _2\"></span>\u2018HSB<span class=\"_ _2\"></span>C\u2019<span class=\"_ _2\"></span>) which is re<span class=\"_ _2\"></span>payab<span class=\"_ _2\"></span>le in Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2025. Intere<span class=\"_ _2\"></span>st accru<span class=\"_ _2\"></span>es on th<span class=\"_ _2\"></span>e ban<span class=\"_ _2\"></span>k loan at a v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble rate, b<span class=\"_ _2\"></span>ased o<span class=\"_ _2\"></span>n SONI<span class=\"_ _2\"></span>A plus ma<span class=\"_ _2\"></span>rgin an<span class=\"_ _2\"></span>d man<span class=\"_ _2\"></span>dator<span class=\"_ _2\"></span>y le<span class=\"_ _2\"></span>ndin<span class=\"_ _2\"></span>g costs<span class=\"_ _2\"></span>, an<span class=\"_ _2\"></span>d is payab<span class=\"_ _2\"></span>le qua<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span>ly<span class=\"_ _1\"></span>. Th<span class=\"_ _2\"></span>e marg<span class=\"_ _2\"></span>in is 2.17 p<span class=\"_ _2\"></span>er cent p<span class=\"_ _2\"></span>er an<span class=\"_ _2\"></span>num for t<span class=\"_ _2\"></span>he dur<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of the lo<span class=\"_ _2\"></span>an an<span class=\"_ _2\"></span>d a non<span class=\"_ _2\"></span>-u<span class=\"_ _2\"></span>tilis<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n fee of 0.92 per cen<span class=\"_ _2\"></span>t per an<span class=\"_ _2\"></span>num is p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le on a<span class=\"_ _2\"></span>ny undr<span class=\"_ _2\"></span>awn ele<span class=\"_ _2\"></span>ment o<span class=\"_ _2\"></span>f the fa<span class=\"_ _2\"></span>cilit<span class=\"_ _2\"></span>y. As at 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup ha<span class=\"_ _2\"></span>d drawn \u00a3<span class=\"_ _2\"></span>50,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 und<span class=\"_ _2\"></span>er this f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty (2024<span class=\"_ _1\"></span>: \u00a350,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00).<span class=\"_ _231\"> </span>Sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>ent to the ye<span class=\"_ _2\"></span>ar en<span class=\"_ _2\"></span>d, the RB<span class=\"_ _2\"></span>S and HSB<span class=\"_ _2\"></span>C faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s have each b<span class=\"_ _2\"></span>een ref<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nced. Re<span class=\"_ _2\"></span>fer to Note 20 for det<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>s.<span class=\"_ _231\"> </span>In Ja<span class=\"_ _2\"></span>nuar<span class=\"_ _2\"></span>y 2020 an<span class=\"_ _2\"></span>d Novem<span class=\"_ _2\"></span>ber 202<span class=\"_ _2\"></span>1, th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p entered i<span class=\"_ _2\"></span>nto c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>mmit<span class=\"_ _2\"></span>ted term l<span class=\"_ _2\"></span>oan fa<span class=\"_ _2\"></span>cilit<span class=\"_ _2\"></span>ies wit<span class=\"_ _2\"></span>h Pho<span class=\"_ _2\"></span>enix G<span class=\"_ _2\"></span>roup of \u00a350<span class=\"_ _2\"></span>,000,<span class=\"_ _2\"></span>000 a<span class=\"_ _2\"></span>nd \u00a337<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>250,0<span class=\"_ _2\"></span>00, res<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>tively. Bot<span class=\"_ _2\"></span>h thes<span class=\"_ _2\"></span>e facil<span class=\"_ _2\"></span>ities a<span class=\"_ _2\"></span>re repaya<span class=\"_ _2\"></span>ble on 1<span class=\"_ _2\"></span>2 Jan<span class=\"_ _2\"></span>uar<span class=\"_ _2\"></span>y 2032. T<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up has a f<span class=\"_ _2\"></span>urt<span class=\"_ _2\"></span>her com<span class=\"_ _2\"></span>mit<span class=\"_ _2\"></span>ted term lo<span class=\"_ _2\"></span>an faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y with<span class=\"_ _2\"></span> Pho<span class=\"_ _2\"></span>eni<span class=\"_ _2\"></span>x Group of \u00a362,750,<span class=\"_ _2\"></span>000 w<span class=\"_ _2\"></span>hich is re<span class=\"_ _2\"></span>payab<span class=\"_ _2\"></span>le on 1<span class=\"_ _2\"></span>2 Janu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y 2037<span class=\"_ _0\"></span>. Interes<span class=\"_ _2\"></span>t accru<span class=\"_ _2\"></span>es on th<span class=\"_ _2\"></span>ese th<span class=\"_ _2\"></span>ree loa<span class=\"_ _2\"></span>ns at ag<span class=\"_ _2\"></span>gregate an<span class=\"_ _2\"></span>nua<span class=\"_ _2\"></span>l fixed r<span class=\"_ _2\"></span>ates of intere<span class=\"_ _2\"></span>st of 3.<span class=\"_ _2\"></span>28 pe<span class=\"_ _2\"></span>r cent, 3<span class=\"_ _2\"></span>.13 p<span class=\"_ _2\"></span>er cent a<span class=\"_ _2\"></span>nd 3.<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>4 p<span class=\"_ _2\"></span>er cent<span class=\"_ _2\"></span>, resp<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>vely an<span class=\"_ _2\"></span>d is paya<span class=\"_ _2\"></span>ble q<span class=\"_ _2\"></span>uar<span class=\"_ _2\"></span>terly. As at 3<span class=\"_ _2\"></span>0 June 2025<span class=\"_ _2\"></span>, the G<span class=\"_ _2\"></span>roup ha<span class=\"_ _2\"></span>d draw<span class=\"_ _2\"></span>n \u00a3150<span class=\"_ _0\"></span>,000,<span class=\"_ _0\"></span>000 und<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span> thes<span class=\"_ _0\"></span>e fac<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>: \u00a315<span class=\"_ _0\"></span>0,000<span class=\"_ _0\"></span>,000)<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e follow<span class=\"_ _2\"></span>ing inte<span class=\"_ _2\"></span>rest rate d<span class=\"_ _2\"></span>eriv<span class=\"_ _2\"></span>atives w<span class=\"_ _2\"></span>ere in pl<span class=\"_ _2\"></span>ace dur<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>ded 3<span class=\"_ _2\"></span>0 Jun<span class=\"_ _2\"></span>e 2025<span class=\"_ _0\"></span>:<span class=\"_ _231\"> </span><table class=\"s w282 hce\" id=\"_7c82e82d-927b-4e48-ba94-25e3cfad65be\"><tr><td class=\"c n x165 y197d w283 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls139 ws183\">Notional<span class=\"_ _0\"></span> Value<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ea y197d w284 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls95 ws9c\">Starting Date<span class=\"_ _231\"> </span></div></td><td class=\"c n x3eb y197d w285 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls87 ws8c\">E<span class=\"_ _1\"></span>nding<span class=\"_ _0\"></span> Date<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ec y197d w286 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls71 ws76\">Inter<span class=\"_ _0\"></span>est paid<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ed y197d w287 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls1d ws18\">Int<span class=\"_ _1\"></span>erest<span class=\"_ _1\"></span> rec<span class=\"_ _0\"></span>eived<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ee y197d w288 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls71 ws174\">Count<span class=\"_ _0\"></span>erpar<span class=\"_ _2\"></span>ty<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193e w289 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls14d ws77\">30<span class=\"_ _0\"></span>,000,<span class=\"_ _0\"></span>000<span class=\"_ _231\"> </span></div></td><td class=\"c n x3ef y193e w28a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsac ws59\">5 Nove<span class=\"_ _2\"></span>mb<span class=\"_ _2\"></span>er 2020<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f0 y193e w28b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">5 Novemb<span class=\"_ _2\"></span>er 2025<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f1 y193e w28c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsac ws9f\">0.<span class=\"_ _2\"></span>30%<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f2 y193e w28d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls46 ws43\">Daily c<span class=\"_ _0\"></span>ompounded SONIA (<span class=\"_ _0\"></span>floor at<span class=\"_ _0\"></span> -<span class=\"_ _2\"></span>0.08%)<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f3 y193e w113 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls59 ws57\">RBS<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w28e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls14d ws77\">50<span class=\"_ _0\"></span>,000,<span class=\"_ _0\"></span>000<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f4 y18da w28f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">1 Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2022<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f5 y18da w290 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">5 Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2025<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f6 y18da w291 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls23 ws1b\">nil<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f7 y18da w292 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Dai<span class=\"_ _2\"></span>ly comp<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ded SO<span class=\"_ _2\"></span>NIA ab<span class=\"_ _2\"></span>ove 3.0% c<span class=\"_ _2\"></span>ap<span class=\"_ _231\"> </span></div></td><td class=\"c n x3f8 y18da w293 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls75 ws47\">HSBC<span class=\"_ _231\"> </span></div></td></tr></table>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p paid a p<span class=\"_ _2\"></span>remiu<span class=\"_ _2\"></span>m of \u00a32,<span class=\"_ _2\"></span>57<span class=\"_ _2\"></span>7<span class=\"_ _f\"></span>,0<span class=\"_ _2\"></span>00, i<span class=\"_ _2\"></span>nclusi<span class=\"_ _2\"></span>ve of tra<span class=\"_ _2\"></span>nsac<span class=\"_ _2\"></span>tion cos<span class=\"_ _2\"></span>ts of \u00a3<span class=\"_ _2\"></span>16<span class=\"_ _0\"></span>9,0<span class=\"_ _2\"></span>00, o<span class=\"_ _2\"></span>n entr<span class=\"_ _2\"></span>y into th<span class=\"_ _2\"></span>e \u00a350,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 interes<span class=\"_ _2\"></span>t rate ca<span class=\"_ _2\"></span>p in Novem<span class=\"_ _2\"></span>ber 2022.<span class=\"_ _231\"> </span>At 30 J<span class=\"_ _2\"></span>une 2025, i<span class=\"_ _2\"></span>nclusi<span class=\"_ _2\"></span>ve of the i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s, th<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate on \u00a323<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 of the G<span class=\"_ _2\"></span>roup\u2019s bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs has b<span class=\"_ _2\"></span>een c<span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>ed, inc<span class=\"_ _2\"></span>ludin<span class=\"_ _2\"></span>g the a<span class=\"_ _2\"></span>mor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of loan a<span class=\"_ _2\"></span>rran<span class=\"_ _2\"></span>gem<span class=\"_ _2\"></span>ent cost<span class=\"_ _2\"></span>s, at a<span class=\"_ _2\"></span>n all<span class=\"_ _2\"></span>-in r<span class=\"_ _2\"></span>ate of 3.70 pe<span class=\"_ _2\"></span>r cent per a<span class=\"_ _2\"></span>nnu<span class=\"_ _2\"></span>m until at l<span class=\"_ _2\"></span>east 5 N<span class=\"_ _2\"></span>ovemb<span class=\"_ _2\"></span>er 2025. T<span class=\"_ _2\"></span>he rem<span class=\"_ _2\"></span>ainin<span class=\"_ _2\"></span>g \u00a390,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 of d<span class=\"_ _2\"></span>ebt, o<span class=\"_ _2\"></span>f which \u00a3<span class=\"_ _2\"></span>12,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 w<span class=\"_ _2\"></span>as draw<span class=\"_ _2\"></span>n at 30 Jun<span class=\"_ _2\"></span>e 2025, wou<span class=\"_ _2\"></span>ld, if f<span class=\"_ _2\"></span>ully dr<span class=\"_ _2\"></span>awn, c<span class=\"_ _2\"></span>arr<span class=\"_ _2\"></span>y intere<span class=\"_ _2\"></span>st at a va<span class=\"_ _2\"></span>riab<span class=\"_ _2\"></span>le rate eq<span class=\"_ _2\"></span>ual to <span class=\"ls1\"> </span>dai<span class=\"_ _2\"></span>ly comp<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ded SO<span class=\"_ _2\"></span>NIA pl<span class=\"_ _2\"></span>us a weig<span class=\"_ _2\"></span>hted aver<span class=\"_ _2\"></span>age le<span class=\"_ _2\"></span>ndin<span class=\"_ _2\"></span>g marg<span class=\"_ _2\"></span>in, in<span class=\"_ _2\"></span>cludi<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e amor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of loan a<span class=\"_ _2\"></span>rra<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>ment cos<span class=\"_ _2\"></span>ts, o<span class=\"_ _2\"></span>f 2.46 pe<span class=\"_ _2\"></span>r cent <span class=\"ls1\"> </span>per annum.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e agg<span class=\"_ _2\"></span>regate fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e of the i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s hel<span class=\"_ _2\"></span>d at 30 Jun<span class=\"_ _2\"></span>e 2025 was an a<span class=\"_ _2\"></span>sset of \u00a357<span class=\"_ _2\"></span>2,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a32<span class=\"_ _2\"></span>,820,00<span class=\"_ _2\"></span>0). The G<span class=\"_ _2\"></span>roup categ<span class=\"_ _2\"></span>oris<span class=\"_ _2\"></span>es all i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s as level 2 i<span class=\"_ _2\"></span>n the fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue hie<span class=\"_ _2\"></span>rarchy as t<span class=\"_ _2\"></span>hey are va<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span>d with refere<span class=\"_ _2\"></span>nce to pub<span class=\"_ _2\"></span>lishe<span class=\"_ _2\"></span>d interes<span class=\"_ _2\"></span>t rates (se<span class=\"_ _2\"></span>e Note 9 for f<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>ther e<span class=\"_ _2\"></span>xpla<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e fair v<span class=\"_ _2\"></span>alue h<span class=\"_ _2\"></span>iera<span class=\"_ _2\"></span>rchy)<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>At 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he no<span class=\"_ _2\"></span>mina<span class=\"_ _2\"></span>l valu<span class=\"_ _2\"></span>e of the G<span class=\"_ _2\"></span>roup\u2019s lo<span class=\"_ _2\"></span>ans eq<span class=\"_ _2\"></span>uated to \u00a324<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a324<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0)<span class=\"_ _0\"></span>. E<span class=\"_ _2\"></span>xclud<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ves referre<span class=\"_ _2\"></span>d to above, t<span class=\"_ _2\"></span>he fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of the<span class=\"_ _2\"></span>se loan<span class=\"_ _2\"></span>s, bas<span class=\"_ _2\"></span>ed on a di<span class=\"_ _2\"></span>scounted c<span class=\"_ _2\"></span>ashf<span class=\"_ _2\"></span>low usin<span class=\"_ _2\"></span>g the ma<span class=\"_ _2\"></span>rket rate o<span class=\"_ _2\"></span>n the rele<span class=\"_ _2\"></span>vant trea<span class=\"_ _2\"></span>sur<span class=\"_ _2\"></span>y plu<span class=\"_ _2\"></span>s an est<span class=\"_ _2\"></span>imated<span class=\"_ _2\"></span> marg<span class=\"_ _2\"></span>in bas<span class=\"_ _2\"></span>ed on ma<span class=\"_ _2\"></span>rket con<span class=\"_ _2\"></span>ditio<span class=\"_ _2\"></span>ns at 30 Ju<span class=\"_ _2\"></span>ne 2025, tot<span class=\"_ _2\"></span>alled<span class=\"_ _2\"></span>, in ag<span class=\"_ _2\"></span>gregate, \u00a32<span class=\"_ _2\"></span>14,0<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>1,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>213<span class=\"_ _2\"></span>,2<span class=\"_ _2\"></span>20,000<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he pay<span class=\"_ _2\"></span>ment re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>d to rede<span class=\"_ _2\"></span>em th<span class=\"_ _2\"></span>e loans i<span class=\"_ _2\"></span>n full<span class=\"_ _2\"></span>, inco<span class=\"_ _2\"></span>rpo<span class=\"_ _2\"></span>ratin<span class=\"_ _2\"></span>g the ter<span class=\"_ _2\"></span>ms of the S<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>s clause i<span class=\"_ _2\"></span>n relat<span class=\"_ _2\"></span>ion to the P<span class=\"_ _2\"></span>hoe<span class=\"_ _2\"></span>nix G<span class=\"_ _2\"></span>roup fa<span class=\"_ _2\"></span>ciliti<span class=\"_ _2\"></span>es, wo<span class=\"_ _2\"></span>uld have b<span class=\"_ _2\"></span>een \u00a3<span class=\"_ _2\"></span>225,493,0<span class=\"_ _2\"></span>00 (202<span class=\"_ _0\"></span>4: \u00a32<span class=\"_ _2\"></span>26,72<span class=\"_ _2\"></span>1,0<span class=\"_ _2\"></span>00). The l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>re catego<span class=\"_ _2\"></span>rised a<span class=\"_ _2\"></span>s level 3 in t<span class=\"_ _2\"></span>he fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e hie<span class=\"_ _2\"></span>rarchy gi<span class=\"_ _2\"></span>ven the e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated marg<span class=\"_ _2\"></span>in is not o<span class=\"_ _2\"></span>bser<span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>ble m<span class=\"_ _2\"></span>arket dat<span class=\"_ _2\"></span>a.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e RBS loa<span class=\"_ _2\"></span>n is secu<span class=\"_ _2\"></span>red by way of a f<span class=\"_ _2\"></span>ixed an<span class=\"_ _2\"></span>d float<span class=\"_ _2\"></span>ing ch<span class=\"_ _2\"></span>arge over t<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>jorit<span class=\"_ _2\"></span>y of t<span class=\"_ _2\"></span>he ass<span class=\"_ _2\"></span>ets of th<span class=\"_ _2\"></span>e THR N<span class=\"_ _2\"></span>umb<span class=\"_ _2\"></span>er On<span class=\"_ _2\"></span>e plc G<span class=\"_ _2\"></span>roup (\u2018<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>HR1 G<span class=\"_ _2\"></span>roup\u2019<span class=\"_ _2\"></span>) whi<span class=\"_ _2\"></span>ch consis<span class=\"_ _2\"></span>ts of T<span class=\"_ _2\"></span>HR1 a<span class=\"_ _2\"></span>nd it<span class=\"_ _2\"></span>s five su<span class=\"_ _2\"></span>bsidi<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he Pho<span class=\"_ _2\"></span>eni<span class=\"_ _2\"></span>x Group l<span class=\"_ _2\"></span>oans of \u00a35<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 and \u00a33<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>,250,0<span class=\"_ _2\"></span>00 a<span class=\"_ _2\"></span>re secured by w<span class=\"_ _2\"></span>ay of a fixe<span class=\"_ _2\"></span>d an<span class=\"_ _2\"></span>d float<span class=\"_ _2\"></span>ing cha<span class=\"_ _2\"></span>rge over t<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>jorit<span class=\"_ _2\"></span>y of th<span class=\"_ _2\"></span>e asse<span class=\"_ _2\"></span>ts of th<span class=\"_ _2\"></span>e THR N<span class=\"_ _2\"></span>umb<span class=\"_ _2\"></span>er 12 p<span class=\"_ _2\"></span>lc Gro<span class=\"_ _2\"></span>up (\u2018<span class=\"_ _2\"></span>TH<span class=\"_ _2\"></span>R1<span class=\"_ _2\"></span>2 Group\u2019<span class=\"_ _2\"></span>) wh<span class=\"_ _2\"></span>ich consis<span class=\"_ _2\"></span>ts of T<span class=\"_ _2\"></span>HR1<span class=\"_ _2\"></span>2 an<span class=\"_ _2\"></span>d its e<span class=\"_ _2\"></span>ight subs<span class=\"_ _2\"></span>idia<span class=\"_ _2\"></span>ries<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e Phoe<span class=\"_ _2\"></span>nix G<span class=\"_ _2\"></span>roup lo<span class=\"_ _2\"></span>an of \u00a3<span class=\"_ _1\"></span>62,750,<span class=\"_ _2\"></span>000 i<span class=\"_ _2\"></span>s secured by w<span class=\"_ _2\"></span>ay of a fixe<span class=\"_ _2\"></span>d and f<span class=\"_ _2\"></span>loati<span class=\"_ _2\"></span>ng cha<span class=\"_ _2\"></span>rge over th<span class=\"_ _2\"></span>e maj<span class=\"_ _2\"></span>orit<span class=\"_ _2\"></span>y of th<span class=\"_ _2\"></span>e asset<span class=\"_ _2\"></span>s of TH<span class=\"_ _2\"></span>R Num<span class=\"_ _2\"></span>ber 43 p<span class=\"_ _2\"></span>lc (\u2018<span class=\"_ _2\"></span>THR43\u2019<span class=\"_ _2\"></span>). The HSB<span class=\"_ _2\"></span>C loan i<span class=\"_ _2\"></span>s secured by w<span class=\"_ _2\"></span>ay of a fixe<span class=\"_ _2\"></span>d and f<span class=\"_ _2\"></span>loati<span class=\"_ _2\"></span>ng cha<span class=\"_ _2\"></span>rge over th<span class=\"_ _2\"></span>e maj<span class=\"_ _2\"></span>orit<span class=\"_ _2\"></span>y of th<span class=\"_ _2\"></span>e asset<span class=\"_ _2\"></span>s of th<span class=\"_ _2\"></span>e THR Nu<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 15 plc G<span class=\"_ _2\"></span>roup (<span class=\"_ _2\"></span>\u2018T<span class=\"_ _2\"></span>HR<span class=\"_ _2\"></span>15 Gro<span class=\"_ _2\"></span>up\u2019) w<span class=\"_ _2\"></span>hich con<span class=\"_ _2\"></span>sist<span class=\"_ _2\"></span>s of THR<span class=\"_ _2\"></span>15 an<span class=\"_ _2\"></span>d its 18 s<span class=\"_ _2\"></span>ubsid<span class=\"_ _2\"></span>iari<span class=\"_ _2\"></span>es. I<span class=\"_ _2\"></span>n aggre<span class=\"_ _2\"></span>gate, the G<span class=\"_ _2\"></span>roup h<span class=\"_ _2\"></span>as gra<span class=\"_ _2\"></span>nted a fixe<span class=\"_ _2\"></span>d charg<span class=\"_ _2\"></span>e over prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h a market v<span class=\"_ _2\"></span>alue of \u00a37<span class=\"_ _2\"></span>54,<span class=\"_ _2\"></span>390,00<span class=\"_ _2\"></span>0 as at 30 J<span class=\"_ _2\"></span>une 2025 (2024<span class=\"_ _1\"></span>: \u00a37<span class=\"_ _0\"></span>43,<span class=\"_ _2\"></span>265,0<span class=\"_ _2\"></span>00). Un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>e covenan<span class=\"_ _2\"></span>ts rel<span class=\"_ _2\"></span>ated to the lo<span class=\"_ _2\"></span>ans, w<span class=\"_ _2\"></span>hich a<span class=\"_ _2\"></span>re t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>sted qu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>terly, the G<span class=\"_ _2\"></span>roup is to ens<span class=\"_ _2\"></span>ure that:<span class=\"_ _231\"> </span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">th<span class=\"_ _2\"></span>e loan to va<span class=\"_ _2\"></span>lue pe<span class=\"_ _2\"></span>rcenta<span class=\"_ _2\"></span>ge for each o<span class=\"_ _2\"></span>f THR<span class=\"_ _2\"></span>1 Group a<span class=\"_ _2\"></span>nd TH<span class=\"_ _2\"></span>R1<span class=\"_ _2\"></span>5 Group d<span class=\"_ _2\"></span>oes n<span class=\"_ _2\"></span>ot exceed 50 p<span class=\"_ _2\"></span>er cent<span class=\"_ _2\"></span>;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">th<span class=\"_ _2\"></span>e loan to va<span class=\"_ _2\"></span>lue pe<span class=\"_ _2\"></span>rcenta<span class=\"_ _2\"></span>ge for TH<span class=\"_ _2\"></span>R1<span class=\"_ _2\"></span>2 Group a<span class=\"_ _2\"></span>nd TH<span class=\"_ _2\"></span>R4<span class=\"_ _0\"></span>3 d<span class=\"_ _2\"></span>oes n<span class=\"_ _2\"></span>ot exceed 60 p<span class=\"_ _2\"></span>er cent<span class=\"_ _2\"></span>;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">th<span class=\"_ _2\"></span>e interest cove<span class=\"_ _2\"></span>r for THR<span class=\"_ _2\"></span>1 Gro<span class=\"_ _2\"></span>up is greater t<span class=\"_ _2\"></span>han 225 p<span class=\"_ _2\"></span>er cent o<span class=\"_ _2\"></span>n any ca<span class=\"_ _2\"></span>lculat<span class=\"_ _2\"></span>ion date;<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">th<span class=\"_ _2\"></span>e interest cove<span class=\"_ _2\"></span>r for THR<span class=\"_ _2\"></span>15 G<span class=\"_ _2\"></span>roup is gre<span class=\"_ _2\"></span>ater than 20<span class=\"_ _2\"></span>0 pe<span class=\"_ _2\"></span>r cent on any c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n date; and<span class=\"_ _231\"> </span></span>\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">th<span class=\"_ _2\"></span>e debt y<span class=\"_ _2\"></span>ield fo<span class=\"_ _2\"></span>r each of TH<span class=\"_ _2\"></span>R1<span class=\"_ _2\"></span>2 Grou<span class=\"_ _2\"></span>p and T<span class=\"_ _2\"></span>HR4<span class=\"_ _0\"></span>3 i<span class=\"_ _2\"></span>s greater tha<span class=\"_ _2\"></span>n 10 per cent o<span class=\"_ _2\"></span>n any ca<span class=\"_ _2\"></span>lculat<span class=\"_ _2\"></span>ion da<span class=\"_ _2\"></span>te.<span class=\"_ _231\"> </span></span>Th<span class=\"_ _2\"></span>e sign<span class=\"_ _2\"></span>ific<span class=\"_ _2\"></span>ant term<span class=\"_ _2\"></span>s of the f<span class=\"_ _2\"></span>acilit<span class=\"_ _2\"></span>ies rem<span class=\"_ _2\"></span>aine<span class=\"_ _2\"></span>d unch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>ed and a<span class=\"_ _2\"></span>ll loa<span class=\"_ _2\"></span>n covenant<span class=\"_ _2\"></span>s have b<span class=\"_ _2\"></span>een com<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>ed wit<span class=\"_ _2\"></span>h durin<span class=\"_ _2\"></span>g the ye<span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>. An<span class=\"_ _2\"></span>alysi<span class=\"_ _2\"></span>s of net de<span class=\"_ _2\"></span>bt:<span class=\"_ _231\"> </span><table class=\"s w294 hcf\" id=\"_0cdf62b0-ac6c-44f7-9157-594ee590f17e\"><tr><td></td><td class=\"t m0 x231 h1d y197e ff24 fs8 fc1 sc0 ls95 ws9c\">Cash and cash </td><td></td><td></td><td class=\"t m0 x3f9 hd y197e ff25 fs8 fc1 sc0 ls1c ws1\">Ca<span class=\"_ _2\"></span>sh an<span class=\"_ _2\"></span>d cash<span class=\"_ _2\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3fa h1d y197f ff24 fs8 fc1 sc0 ls166 ws184\">equivalents<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fb h1d y197f ff24 fs8 fc1 sc0 lsaa wsad\">Borr<span class=\"_ _2\"></span>owing<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fc h1d y197f ff24 fs8 fc1 sc0 ls1c ws1\">Net d<span class=\"_ _2\"></span>ebt<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fd hd y197f ff25 fs8 fc1 sc0 ls13a ws160\">equivalents<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fe hd y197f ff25 fs8 fc1 sc0 ls1c ws150\">Bo<span class=\"_ _2\"></span>rrow<span class=\"_ _2\"></span>ing<span class=\"_ _231\"> </span></td><td class=\"t m0 x3ff hd y197f ff25 fs8 fc1 sc0 ls1c ws1\">Net d<span class=\"_ _2\"></span>ebt<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x35f h1d y1980 ff24 fs8 fc1 sc0 lsa9 wsac\">2025<span class=\"_ _231\"> </span></td><td class=\"t m0 x360 h1d y1980 ff24 fs8 fc1 sc0 lsa9 wsac\">2025<span class=\"_ _231\"> </span></td><td class=\"t m0 x159 h1d y1980 ff24 fs8 fc1 sc0 lsa9 wsac\">2025<span class=\"_ _231\"> </span></td><td class=\"t m0 x361 hd y1980 ff25 fs8 fc1 sc0 lsaa wsad\">2024<span class=\"_ _231\"> </span></td><td class=\"t m0 x1ef hd y1980 ff25 fs8 fc1 sc0 lsaa wsad\">2024<span class=\"_ _231\"> </span></td><td class=\"t m0 x236 hd y1980 ff25 fs8 fc1 sc0 lsaa wsad\">2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x15e h1d y1981 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x15f h1d y1981 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 h1d y1981 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 hd y1981 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y1981 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1981 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1924 w295 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Opening balance<span class=\"_ _231\"> </span></div></td><td class=\"c n x400 y1924 w296 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls45 ws44\">38,884<span class=\"_ _231\"> </span></div></td><td class=\"c n x401 y1924 w297 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(240,672)<span class=\"_ _231\"> </span></div></td><td class=\"c n x402 y1924 w298 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls47 ws40\">(201<span class=\"_ _2\"></span>,788)<span class=\"_ _231\"> </span></div></td><td class=\"c n x403 y1924 w299 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls6c wsa4\">15,<span class=\"_ _2\"></span>366<span class=\"_ _231\"> </span></div></td><td class=\"c n x404 y1924 w20a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">(<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>)<span class=\"_ _231\"> </span></div></td><td class=\"c n x405 y1924 w29a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5e ws5d\">(<span class=\"_ _2\"></span>211<span class=\"_ _2\"></span>,685)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w29b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Cas<span class=\"_ _2\"></span>h flows<span class=\"_ _231\"> </span></div></td><td class=\"c n x406 y1925 w13a hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">755<span class=\"_ _231\"> </span></div></td><td class=\"c n x407 y1925 w29c hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls63 ws64\">1<span class=\"_ _2\"></span>,000<span class=\"_ _231\"> </span></div></td><td class=\"c n x16e y1925 w29d hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">1<span class=\"_ _2\"></span>,755<span class=\"_ _231\"> </span></div></td><td class=\"c n x408 y1925 w29e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls57 ws54\">23<span class=\"_ _2\"></span>,51<span class=\"_ _2\"></span>8<span class=\"_ _231\"> </span></div></td><td class=\"c n x409 y1925 w29f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls14d ws77\">(13,<span class=\"_ _0\"></span>000)<span class=\"_ _231\"> </span></div></td><td class=\"c n x40a y1925 w2a0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls57 ws54\">10,<span class=\"_ _2\"></span>518<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w2a1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws45\">Non-<span class=\"_ _2\"></span>cash<span class=\"_ _0\"></span> f<span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>ws<span class=\"_ _231\"> </span></div></td><td class=\"c n x40b y18e4 w2f hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x40c y18e4 w2a2 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsad wsb0\">(619)<span class=\"_ _231\"> </span></div></td><td class=\"c n x40d y18e4 w2a3 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsad wsb0\">(61<span class=\"_ _2\"></span>9)<span class=\"_ _231\"> </span></div></td><td class=\"c n x40e y18e4 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x40f y18e4 w2a4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">(62<span class=\"_ _2\"></span>1)<span class=\"_ _231\"> </span></div></td><td class=\"c n x410 y18e4 w2a4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">(621<span class=\"_ _2\"></span>)<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w2a5 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws1\">Clos<span class=\"_ _2\"></span>ing ba<span class=\"_ _2\"></span>lance a<span class=\"_ _2\"></span>s at 30 Jun<span class=\"_ _2\"></span>e<span class=\"_ _231\"> </span></div></td><td class=\"c n x411 y18da wa5 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">39,639<span class=\"_ _231\"> </span></div></td><td class=\"c n x412 y18da w2a6 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(240,<span class=\"_ _2\"></span>291)<span class=\"_ _231\"> </span></div></td><td class=\"c n x413 y18da w2a7 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(200,652)<span class=\"_ _231\"> </span></div></td><td class=\"c n x414 y18da wa6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">38,884<span class=\"_ _231\"> </span></div></td><td class=\"c n x415 y18da w2a8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws44\">(2<span class=\"_ _0\"></span>40,672)<span class=\"_ _231\"> </span></div></td><td class=\"c n x416 y18da w2a9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">(201,788)<span class=\"_ _231\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-361": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs29f\">14. T<span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>ade and other pa<span class=\"_ _0\"></span>yables<span class=\"_ _231\"> </span></div><div class=\"gs2a0\"><table class=\"s w14a hd0\" id=\"_78293018-7869-4cd6-a3ad-5aa45d099a3f\"><tr><td></td><td class=\"t m0 x1ef h1d y1982 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y1982 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1983 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1983 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y1984 ff25 fs8 fc1 sc0 ls1d ws18\">Non-<span class=\"_ _2\"></span>cu<span class=\"_ _1\"></span>rrent<span class=\"_ _0\"></span> trade and other<span class=\"_ _0\"></span> payables<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1984 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1984 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y191d w2aa haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls47 ws44\">Renta<span class=\"_ _2\"></span>l deposit<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x417 y191d w2ab hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">12<span class=\"_ _2\"></span>,69<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td><td class=\"c n x418 y191d w2ac haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>893<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3da y18da w2ab hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>2,69<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td><td class=\"c n x419 y18da w258 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>893<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"gs2a1\"><table class=\"s w14a hd1\" id=\"_1862316a-fd6d-45fd-b531-2298e2eab8c7\"><tr><td></td><td class=\"t m0 x1ef h1d y1985 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y1985 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1986 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1986 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y1987 ff25 fs8 fc1 sc0 ls1d ws18\">Curren<span class=\"_ _0\"></span>t trade and o<span class=\"_ _0\"></span>ther payables<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1987 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1987 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1988 w2ad hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come recei<span class=\"_ _2\"></span>ved in a<span class=\"_ _2\"></span>dvan<span class=\"_ _2\"></span>ce<span class=\"_ _231\"> </span></div></td><td class=\"c n x41a y1988 w2ae hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,463<span class=\"_ _231\"> </span></div></td><td class=\"c n x41b y1988 w2af hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">1<span class=\"_ _2\"></span>0,14<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y192f w2b0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls46 ws43\">Pr<span class=\"_ _1\"></span>opert<span class=\"_ _2\"></span>y ac<span class=\"_ _0\"></span>quisition<span class=\"_ _0\"></span> and devel<span class=\"_ _1\"></span>opment c<span class=\"_ _0\"></span>osts acc<span class=\"_ _0\"></span>rued<span class=\"_ _231\"> </span></div></td><td class=\"c n x41c y192f w2b1 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">3,218<span class=\"_ _231\"> </span></div></td><td class=\"c n x41d y192f w2b2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">8<span class=\"_ _2\"></span>,790<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1930 w2b3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Int<span class=\"_ _0\"></span>erest payable<span class=\"_ _231\"> </span></div></td><td class=\"c n x41e y1930 w2b4 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls6c wsa4\">2,225<span class=\"_ _231\"> </span></div></td><td class=\"c n x41f y1930 w2b5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">2,27<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w2b6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Investmen<span class=\"_ _0\"></span>t Manager\u2019s f<span class=\"_ _0\"></span>ees payable<span class=\"_ _231\"> </span></div></td><td class=\"c n x420 y1924 w2b7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">1<span class=\"_ _2\"></span>,97<span class=\"_ _2\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x421 y1924 w2b8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">1<span class=\"_ _2\"></span>,927<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w2b9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Performanc<span class=\"_ _1\"></span>e paymen<span class=\"_ _1\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x422 y1925 we7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x423 y1925 w2b8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">1<span class=\"_ _2\"></span>,910<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w2ba haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other payables<span class=\"_ _231\"> </span></div></td><td class=\"c n x424 y18e4 w2bb hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">2,<span class=\"_ _2\"></span>855<span class=\"_ _231\"> </span></div></td><td class=\"c n x425 y18e4 w2bc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws55\">2,46<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x426 y18da w2bd hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls15e ws175\">2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,74<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x427 y18da w2be haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">2<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>2<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2a2\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s paym<span class=\"_ _2\"></span>ent po<span class=\"_ _2\"></span>licy i<span class=\"_ _2\"></span>s to ensure set<span class=\"_ _2\"></span>tle<span class=\"_ _2\"></span>ment of s<span class=\"_ _2\"></span>upp<span class=\"_ _2\"></span>lier in<span class=\"_ _2\"></span>voices in a<span class=\"_ _2\"></span>ccordan<span class=\"_ _2\"></span>ce with st<span class=\"_ _2\"></span>ated terms<span class=\"_ _2\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-414": {
   "value": "14. T<span class=\"_ _f\"></span>r<span class=\"_ _0\"></span>ade and other pa<span class=\"_ _0\"></span>yables<span class=\"_ _231\"> </span><table class=\"s w14a hd0\" id=\"_78293018-7869-4cd6-a3ad-5aa45d099a3f\"><tr><td></td><td class=\"t m0 x1ef h1d y1982 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y1982 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1983 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1983 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y1984 ff25 fs8 fc1 sc0 ls1d ws18\">Non-<span class=\"_ _2\"></span>cu<span class=\"_ _1\"></span>rrent<span class=\"_ _0\"></span> trade and other<span class=\"_ _0\"></span> payables<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1984 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1984 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y191d w2aa haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls47 ws44\">Renta<span class=\"_ _2\"></span>l deposit<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x417 y191d w2ab hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">12<span class=\"_ _2\"></span>,69<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td><td class=\"c n x418 y191d w2ac haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>893<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3da y18da w2ab hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>2,69<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td><td class=\"c n x419 y18da w258 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>893<span class=\"_ _231\"> </span></div></td></tr></table><table class=\"s w14a hd1\" id=\"_1862316a-fd6d-45fd-b531-2298e2eab8c7\"><tr><td></td><td class=\"t m0 x1ef h1d y1985 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y1985 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1986 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1986 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y1987 ff25 fs8 fc1 sc0 ls1d ws18\">Curren<span class=\"_ _0\"></span>t trade and o<span class=\"_ _0\"></span>ther payables<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1987 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1987 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1988 w2ad hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come recei<span class=\"_ _2\"></span>ved in a<span class=\"_ _2\"></span>dvan<span class=\"_ _2\"></span>ce<span class=\"_ _231\"> </span></div></td><td class=\"c n x41a y1988 w2ae hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,463<span class=\"_ _231\"> </span></div></td><td class=\"c n x41b y1988 w2af hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">1<span class=\"_ _2\"></span>0,14<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y192f w2b0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls46 ws43\">Pr<span class=\"_ _1\"></span>opert<span class=\"_ _2\"></span>y ac<span class=\"_ _0\"></span>quisition<span class=\"_ _0\"></span> and devel<span class=\"_ _1\"></span>opment c<span class=\"_ _0\"></span>osts acc<span class=\"_ _0\"></span>rued<span class=\"_ _231\"> </span></div></td><td class=\"c n x41c y192f w2b1 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">3,218<span class=\"_ _231\"> </span></div></td><td class=\"c n x41d y192f w2b2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">8<span class=\"_ _2\"></span>,790<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1930 w2b3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Int<span class=\"_ _0\"></span>erest payable<span class=\"_ _231\"> </span></div></td><td class=\"c n x41e y1930 w2b4 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls6c wsa4\">2,225<span class=\"_ _231\"> </span></div></td><td class=\"c n x41f y1930 w2b5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">2,27<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w2b6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Investmen<span class=\"_ _0\"></span>t Manager\u2019s f<span class=\"_ _0\"></span>ees payable<span class=\"_ _231\"> </span></div></td><td class=\"c n x420 y1924 w2b7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">1<span class=\"_ _2\"></span>,97<span class=\"_ _2\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x421 y1924 w2b8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">1<span class=\"_ _2\"></span>,927<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w2b9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Performanc<span class=\"_ _1\"></span>e paymen<span class=\"_ _1\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x422 y1925 we7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x423 y1925 w2b8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">1<span class=\"_ _2\"></span>,910<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w2ba haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other payables<span class=\"_ _231\"> </span></div></td><td class=\"c n x424 y18e4 w2bb hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">2,<span class=\"_ _2\"></span>855<span class=\"_ _231\"> </span></div></td><td class=\"c n x425 y18e4 w2bc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws55\">2,46<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x426 y18da w2bd hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls15e ws175\">2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,74<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x427 y18da w2be haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">2<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>2<span class=\"_ _231\"> </span></div></td></tr></table>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s paym<span class=\"_ _2\"></span>ent po<span class=\"_ _2\"></span>licy i<span class=\"_ _2\"></span>s to ensure set<span class=\"_ _2\"></span>tle<span class=\"_ _2\"></span>ment of s<span class=\"_ _2\"></span>upp<span class=\"_ _2\"></span>lier in<span class=\"_ _2\"></span>voices in a<span class=\"_ _2\"></span>ccordan<span class=\"_ _2\"></span>ce with st<span class=\"_ _2\"></span>ated terms<span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-387": {
   "value": "<table class=\"s w14a hd0\" id=\"_78293018-7869-4cd6-a3ad-5aa45d099a3f\"><tr><td></td><td class=\"t m0 x1ef h1d y1982 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y1982 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1983 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1983 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y1984 ff25 fs8 fc1 sc0 ls1d ws18\">Non-<span class=\"_ _2\"></span>cu<span class=\"_ _1\"></span>rrent<span class=\"_ _0\"></span> trade and other<span class=\"_ _0\"></span> payables<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1984 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1984 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y191d w2aa haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls47 ws44\">Renta<span class=\"_ _2\"></span>l deposit<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x417 y191d w2ab hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">12<span class=\"_ _2\"></span>,69<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td><td class=\"c n x418 y191d w2ac haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>893<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3da y18da w2ab hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>2,69<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td><td class=\"c n x419 y18da w258 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>893<span class=\"_ _231\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-388": {
   "value": "<table class=\"s w14a hd1\" id=\"_1862316a-fd6d-45fd-b531-2298e2eab8c7\"><tr><td></td><td class=\"t m0 x1ef h1d y1985 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y1985 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1986 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1986 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y1987 ff25 fs8 fc1 sc0 ls1d ws18\">Curren<span class=\"_ _0\"></span>t trade and o<span class=\"_ _0\"></span>ther payables<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1987 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1987 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1988 w2ad hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come recei<span class=\"_ _2\"></span>ved in a<span class=\"_ _2\"></span>dvan<span class=\"_ _2\"></span>ce<span class=\"_ _231\"> </span></div></td><td class=\"c n x41a y1988 w2ae hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,463<span class=\"_ _231\"> </span></div></td><td class=\"c n x41b y1988 w2af hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">1<span class=\"_ _2\"></span>0,14<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y192f w2b0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls46 ws43\">Pr<span class=\"_ _1\"></span>opert<span class=\"_ _2\"></span>y ac<span class=\"_ _0\"></span>quisition<span class=\"_ _0\"></span> and devel<span class=\"_ _1\"></span>opment c<span class=\"_ _0\"></span>osts acc<span class=\"_ _0\"></span>rued<span class=\"_ _231\"> </span></div></td><td class=\"c n x41c y192f w2b1 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">3,218<span class=\"_ _231\"> </span></div></td><td class=\"c n x41d y192f w2b2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">8<span class=\"_ _2\"></span>,790<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1930 w2b3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Int<span class=\"_ _0\"></span>erest payable<span class=\"_ _231\"> </span></div></td><td class=\"c n x41e y1930 w2b4 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls6c wsa4\">2,225<span class=\"_ _231\"> </span></div></td><td class=\"c n x41f y1930 w2b5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">2,27<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w2b6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Investmen<span class=\"_ _0\"></span>t Manager\u2019s f<span class=\"_ _0\"></span>ees payable<span class=\"_ _231\"> </span></div></td><td class=\"c n x420 y1924 w2b7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">1<span class=\"_ _2\"></span>,97<span class=\"_ _2\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x421 y1924 w2b8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">1<span class=\"_ _2\"></span>,927<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w2b9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Performanc<span class=\"_ _1\"></span>e paymen<span class=\"_ _1\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x422 y1925 we7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x423 y1925 w2b8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">1<span class=\"_ _2\"></span>,910<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w2ba haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other payables<span class=\"_ _231\"> </span></div></td><td class=\"c n x424 y18e4 w2bb hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">2,<span class=\"_ _2\"></span>855<span class=\"_ _231\"> </span></div></td><td class=\"c n x425 y18e4 w2bc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws55\">2,46<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x426 y18da w2bd hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls15e ws175\">2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,74<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x427 y18da w2be haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">2<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>2<span class=\"_ _231\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-405": {
   "value": "<table class=\"s w14a hd1\" id=\"_1862316a-fd6d-45fd-b531-2298e2eab8c7\"><tr><td></td><td class=\"t m0 x1ef h1d y1985 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t </td><td class=\"t m0 x15c hd y1985 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at </td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y1986 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y1986 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y1987 ff25 fs8 fc1 sc0 ls1d ws18\">Curren<span class=\"_ _0\"></span>t trade and o<span class=\"_ _0\"></span>ther payables<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1987 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1987 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1988 w2ad hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come recei<span class=\"_ _2\"></span>ved in a<span class=\"_ _2\"></span>dvan<span class=\"_ _2\"></span>ce<span class=\"_ _231\"> </span></div></td><td class=\"c n x41a y1988 w2ae hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,463<span class=\"_ _231\"> </span></div></td><td class=\"c n x41b y1988 w2af hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">1<span class=\"_ _2\"></span>0,14<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y192f w2b0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls46 ws43\">Pr<span class=\"_ _1\"></span>opert<span class=\"_ _2\"></span>y ac<span class=\"_ _0\"></span>quisition<span class=\"_ _0\"></span> and devel<span class=\"_ _1\"></span>opment c<span class=\"_ _0\"></span>osts acc<span class=\"_ _0\"></span>rued<span class=\"_ _231\"> </span></div></td><td class=\"c n x41c y192f w2b1 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls23 ws1b\">3,218<span class=\"_ _231\"> </span></div></td><td class=\"c n x41d y192f w2b2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">8<span class=\"_ _2\"></span>,790<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1930 w2b3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Int<span class=\"_ _0\"></span>erest payable<span class=\"_ _231\"> </span></div></td><td class=\"c n x41e y1930 w2b4 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls6c wsa4\">2,225<span class=\"_ _231\"> </span></div></td><td class=\"c n x41f y1930 w2b5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsad wsb0\">2,27<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w2b6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Investmen<span class=\"_ _0\"></span>t Manager\u2019s f<span class=\"_ _0\"></span>ees payable<span class=\"_ _231\"> </span></div></td><td class=\"c n x420 y1924 w2b7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14e ws165\">1<span class=\"_ _2\"></span>,97<span class=\"_ _2\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x421 y1924 w2b8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">1<span class=\"_ _2\"></span>,927<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w2b9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Performanc<span class=\"_ _1\"></span>e paymen<span class=\"_ _1\"></span>ts<span class=\"_ _231\"> </span></div></td><td class=\"c n x422 y1925 we7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x423 y1925 w2b8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">1<span class=\"_ _2\"></span>,910<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w2ba haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other payables<span class=\"_ _231\"> </span></div></td><td class=\"c n x424 y18e4 w2bb hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">2,<span class=\"_ _2\"></span>855<span class=\"_ _231\"> </span></div></td><td class=\"c n x425 y18e4 w2bc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws55\">2,46<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x426 y18da w2bd hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls15e ws175\">2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,74<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x427 y18da w2be haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">2<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>2<span class=\"_ _231\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-412": {
   "value": "15. Share capital<span class=\"_ _231\"> </span><table class=\"s w2bf hd2\" id=\"_c928797c-8aab-4783-b9cc-0889af2a2e7a\"><tr><td></td><td class=\"t m0 x32a hd y1989 ff25 fs8 fc1 sc0 ls1d ws18\">Number of<span class=\"_ _0\"></span> </td><td></td></tr><tr><td class=\"t m0 x164 hd y198a ff25 fs8 fc1 sc0 ls1c ws1\">Al<span class=\"_ _2\"></span>lot<span class=\"_ _2\"></span>ted, c<span class=\"_ _2\"></span>alle<span class=\"_ _2\"></span>d-<span class=\"_ _2\"></span>up a<span class=\"_ _2\"></span>nd fu<span class=\"_ _2\"></span>lly p<span class=\"_ _2\"></span>aid o<span class=\"_ _2\"></span>rdin<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y sha<span class=\"_ _2\"></span>res of \u00a30.01 e<span class=\"_ _2\"></span>ach<span class=\"_ _231\"> </span></td><td class=\"c n x428 y198b w2c0 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls71 ws174\">shares<span class=\"_ _231\"> </span></div></td><td class=\"c n x429 y198b w2c1 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w2c2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Bal<span class=\"_ _2\"></span>ance as a<span class=\"_ _2\"></span>t 30 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4 an<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025<span class=\"_ _231\"> </span></div></td><td class=\"c n x42a y18da w2c3 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">62<span class=\"_ _2\"></span>0,237<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>346<span class=\"_ _231\"> </span></div></td><td class=\"c n x42b y18da w2c4 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">6,<span class=\"_ _2\"></span>202<span class=\"_ _231\"> </span></div></td></tr></table>Un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any\u2019s A<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>cles of A<span class=\"_ _2\"></span>sso<span class=\"_ _2\"></span>ciatio<span class=\"_ _2\"></span>n, th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any may is<span class=\"_ _2\"></span>sue an u<span class=\"_ _2\"></span>nlim<span class=\"_ _2\"></span>ited num<span class=\"_ _2\"></span>ber of o<span class=\"_ _2\"></span>rdina<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y share<span class=\"_ _2\"></span>s. Ord<span class=\"_ _2\"></span>inar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>areho<span class=\"_ _2\"></span>lde<span class=\"_ _2\"></span>rs are ent<span class=\"_ _2\"></span>itled to al<span class=\"_ _2\"></span>l divi<span class=\"_ _2\"></span>den<span class=\"_ _2\"></span>ds decl<span class=\"_ _2\"></span>ared by th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any an<span class=\"_ _2\"></span>d to all of the Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ny\u2019s ass<span class=\"_ _2\"></span>ets af<span class=\"_ _2\"></span>ter rep<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt of its b<span class=\"_ _2\"></span>orrow<span class=\"_ _2\"></span>ings a<span class=\"_ _2\"></span>nd ordi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y credi<span class=\"_ _2\"></span>tors.<span class=\"_ _2\"></span> Ord<span class=\"_ _2\"></span>inar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>areho<span class=\"_ _2\"></span>lder<span class=\"_ _2\"></span>s have th<span class=\"_ _2\"></span>e righ<span class=\"_ _2\"></span>t to vot<span class=\"_ _0\"></span>e a<span class=\"_ _2\"></span>t meet<span class=\"_ _2\"></span>ings of t<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany. All ordi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>ares ca<span class=\"_ _2\"></span>rr<span class=\"_ _2\"></span>y equ<span class=\"_ _2\"></span>al votin<span class=\"_ _2\"></span>g rig<span class=\"_ _2\"></span>hts<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Du<span class=\"_ _2\"></span>ring t<span class=\"_ _2\"></span>he year to 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _2\"></span>, the Com<span class=\"_ _2\"></span>pany d<span class=\"_ _2\"></span>id not is<span class=\"_ _2\"></span>sue a<span class=\"_ _2\"></span>ny ordin<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y share<span class=\"_ _2\"></span>s (202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he Co<span class=\"_ _2\"></span>mpany d<span class=\"_ _2\"></span>id not re<span class=\"_ _2\"></span>purchas<span class=\"_ _2\"></span>e any ordi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y sha<span class=\"_ _2\"></span>res into treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y (202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>) or rese<span class=\"_ _2\"></span>ll any o<span class=\"_ _2\"></span>rdinar<span class=\"_ _2\"></span>y s<span class=\"_ _2\"></span>hares f<span class=\"_ _2\"></span>rom treasu<span class=\"_ _2\"></span>ry (<span class=\"_ _2\"></span>202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>. At 3<span class=\"_ _2\"></span>0 June 2025<span class=\"_ _2\"></span>, the Co<span class=\"_ _2\"></span>mpan<span class=\"_ _2\"></span>y did not h<span class=\"_ _2\"></span>old a<span class=\"_ _2\"></span>ny share<span class=\"_ _2\"></span>s in treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y (202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Capital managem<span class=\"_ _2\"></span>ent<span class=\"_ _231\"> </span>The Group\u2019<span class=\"_ _0\"></span>s capital is<span class=\"_ _0\"></span> represent<span class=\"_ _0\"></span>ed by t<span class=\"_ _1\"></span>he shar<span class=\"_ _0\"></span>e capital, share<span class=\"_ _0\"></span> premium, merger<span class=\"_ _1\"></span> reserve,<span class=\"_ _1\"></span> distributable<span class=\"_ _0\"></span> reser<span class=\"_ _2\"></span>ve<span class=\"_ _0\"></span>, hedging reserve,<span class=\"_ _1\"></span> capital r<span class=\"_ _0\"></span>eser<span class=\"_ _2\"></span>ve, reven<span class=\"_ _2\"></span>ue rese<span class=\"_ _2\"></span>rve a<span class=\"_ _2\"></span>nd lon<span class=\"_ _2\"></span>g-<span class=\"_ _2\"></span>term b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs<span class=\"_ _2\"></span>. The G<span class=\"_ _2\"></span>roup is n<span class=\"_ _2\"></span>ot subj<span class=\"_ _2\"></span>ect to any e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span>-i<span class=\"_ _2\"></span>mpos<span class=\"_ _2\"></span>ed cap<span class=\"_ _2\"></span>ital re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s, ot<span class=\"_ _2\"></span>her th<span class=\"_ _2\"></span>an th<span class=\"_ _2\"></span>e fina<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> covena<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>n its lo<span class=\"_ _2\"></span>an faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s as det<span class=\"_ _2\"></span>aile<span class=\"_ _2\"></span>d in Note 13<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e cap<span class=\"_ _2\"></span>ital of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up is ma<span class=\"_ _2\"></span>nage<span class=\"_ _2\"></span>d in accord<span class=\"_ _2\"></span>ance wit<span class=\"_ _2\"></span>h its inv<span class=\"_ _2\"></span>estm<span class=\"_ _2\"></span>ent po<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, in p<span class=\"_ _2\"></span>ursu<span class=\"_ _2\"></span>it of its i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment o<span class=\"_ _2\"></span>bjec<span class=\"_ _2\"></span>tive.<span class=\"_ _2\"></span> Capital risk management<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e obj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve of the G<span class=\"_ _2\"></span>roup is to p<span class=\"_ _2\"></span>rovide o<span class=\"_ _2\"></span>rdina<span class=\"_ _2\"></span>ry s<span class=\"_ _2\"></span>hareh<span class=\"_ _2\"></span>olde<span class=\"_ _2\"></span>rs wit<span class=\"_ _2\"></span>h an at<span class=\"_ _2\"></span>trac<span class=\"_ _2\"></span>tive leve<span class=\"_ _2\"></span>l of inco<span class=\"_ _2\"></span>me toget<span class=\"_ _2\"></span>her w<span class=\"_ _2\"></span>ith the p<span class=\"_ _2\"></span>otenti<span class=\"_ _2\"></span>al for in<span class=\"_ _2\"></span>come an<span class=\"_ _2\"></span>d cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l growt<span class=\"_ _2\"></span>h from inve<span class=\"_ _2\"></span>stin<span class=\"_ _2\"></span>g in a dive<span class=\"_ _2\"></span>rsif<span class=\"_ _2\"></span>ied p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfol<span class=\"_ _2\"></span>io of free<span class=\"_ _2\"></span>hold a<span class=\"_ _2\"></span>nd lo<span class=\"_ _2\"></span>ng leas<span class=\"_ _2\"></span>ehol<span class=\"_ _2\"></span>d care ho<span class=\"_ _2\"></span>mes t<span class=\"_ _2\"></span>hat are let to ca<span class=\"_ _2\"></span>re hom<span class=\"_ _2\"></span>e ope<span class=\"_ _2\"></span>rators; an<span class=\"_ _2\"></span>d oth<span class=\"_ _2\"></span>er hea<span class=\"_ _2\"></span>lthc<span class=\"_ _2\"></span>are asset<span class=\"_ _2\"></span>s in th<span class=\"_ _2\"></span>e UK<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Boa<span class=\"_ _2\"></span>rd has resp<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>y for e<span class=\"_ _2\"></span>nsuri<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019s abili<span class=\"_ _2\"></span>ty to cont<span class=\"_ _2\"></span>inue a<span class=\"_ _2\"></span>s a goin<span class=\"_ _2\"></span>g concer<span class=\"_ _2\"></span>n. Th<span class=\"_ _2\"></span>is invol<span class=\"_ _2\"></span>ves the a<span class=\"_ _2\"></span>bili<span class=\"_ _2\"></span>ty to bo<span class=\"_ _2\"></span>rrow mo<span class=\"_ _2\"></span>nies i<span class=\"_ _2\"></span>n the sho<span class=\"_ _2\"></span>rt a<span class=\"_ _2\"></span>nd lo<span class=\"_ _2\"></span>ng term; an<span class=\"_ _2\"></span>d pay div<span class=\"_ _2\"></span>ide<span class=\"_ _2\"></span>nds ou<span class=\"_ _2\"></span>t of reser<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span>, all of w<span class=\"_ _2\"></span>hich are co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>red an<span class=\"_ _2\"></span>d app<span class=\"_ _2\"></span>roved by the B<span class=\"_ _2\"></span>oard on a re<span class=\"_ _2\"></span>gul<span class=\"_ _2\"></span>ar basi<span class=\"_ _2\"></span>s.<span class=\"_ _231\"> </span>T<span class=\"_ _0\"></span>o mai<span class=\"_ _0\"></span>ntain or adjust the<span class=\"_ _0\"></span> capital structure,<span class=\"_ _0\"></span> the Company<span class=\"_ _0\"></span> may adjust the di<span class=\"_ _1\"></span>vidend payment<span class=\"_ _0\"></span> to shar<span class=\"_ _0\"></span>eholders<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> return capi<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>al<span class=\"_ _0\"></span> to shar<span class=\"_ _0\"></span>eh<span class=\"_ _2\"></span>olders, iss<span class=\"_ _2\"></span>ue new s<span class=\"_ _2\"></span>hares o<span class=\"_ _2\"></span>r buy<span class=\"_ _2\"></span>back sh<span class=\"_ _2\"></span>ares for c<span class=\"_ _2\"></span>ancel<span class=\"_ _2\"></span>latio<span class=\"_ _2\"></span>n or for ho<span class=\"_ _2\"></span>ldin<span class=\"_ _2\"></span>g in treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany m<span class=\"_ _2\"></span>ay als<span class=\"_ _2\"></span>o increas<span class=\"_ _2\"></span>e or decre<span class=\"_ _2\"></span>ase its l<span class=\"_ _2\"></span>evel of lo<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>-<span class=\"_ _231\"> </span>term b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs<span class=\"_ _2\"></span>. The G<span class=\"_ _2\"></span>roup m<span class=\"_ _2\"></span>onitor<span class=\"_ _2\"></span>s cap<span class=\"_ _2\"></span>ital us<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e net L<span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>V r<span class=\"_ _2\"></span>atio, wh<span class=\"_ _2\"></span>ich was 2<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></span>8 per cen<span class=\"_ _2\"></span>t at 30 Jun<span class=\"_ _2\"></span>e 2025 (202<span class=\"_ _0\"></span>4: 22.<span class=\"_ _2\"></span>5 per ce<span class=\"_ _2\"></span>nt). The<span class=\"_ _2\"></span> Bo<span class=\"_ _2\"></span>ard current<span class=\"_ _2\"></span>ly inten<span class=\"_ _2\"></span>ds that<span class=\"_ _2\"></span>, over th<span class=\"_ _2\"></span>e med<span class=\"_ _2\"></span>ium term<span class=\"_ _2\"></span>, bor<span class=\"_ _2\"></span>rowing<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup wi<span class=\"_ _2\"></span>ll repres<span class=\"_ _2\"></span>ent no m<span class=\"_ _2\"></span>ore tha<span class=\"_ _2\"></span>n app<span class=\"_ _2\"></span>roximately 3<span class=\"_ _2\"></span>0 per ce<span class=\"_ _2\"></span>nt of the Gro<span class=\"_ _2\"></span>up\u2019s gross as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s at the ti<span class=\"_ _2\"></span>me of dr<span class=\"_ _2\"></span>awdown<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Whe<span class=\"_ _2\"></span>re ordin<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y sha<span class=\"_ _2\"></span>res are he<span class=\"_ _2\"></span>ld in treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y thes<span class=\"_ _2\"></span>e are avai<span class=\"_ _2\"></span>lab<span class=\"_ _2\"></span>le to be sol<span class=\"_ _2\"></span>d to meet on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>go<span class=\"_ _2\"></span>ing ma<span class=\"_ _2\"></span>rket de<span class=\"_ _2\"></span>mand<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e net proce<span class=\"_ _2\"></span>eds of an<span class=\"_ _2\"></span>y subs<span class=\"_ _2\"></span>equ<span class=\"_ _2\"></span>ent sa<span class=\"_ _2\"></span>les of sh<span class=\"_ _2\"></span>ares out o<span class=\"_ _2\"></span>f treasur<span class=\"_ _2\"></span>y w<span class=\"_ _2\"></span>ill provi<span class=\"_ _2\"></span>de th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny with a<span class=\"_ _2\"></span>ddit<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l cap<span class=\"_ _2\"></span>ital to en<span class=\"_ _2\"></span>able i<span class=\"_ _2\"></span>t to take ad<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span>age of i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent oppor<span class=\"_ _2\"></span>tuni<span class=\"_ _0\"></span>ties in the mark<span class=\"_ _0\"></span>et and mak<span class=\"_ _0\"></span>e fur<span class=\"_ _2\"></span>ther<span class=\"_ _0\"></span> investments in ac<span class=\"_ _0\"></span>cordanc<span class=\"_ _0\"></span>e with the<span class=\"_ _0\"></span> Company\u2019s i<span class=\"_ _0\"></span>nvestment policy and<span class=\"_ _0\"></span> within its appraisal c<span class=\"_ _0\"></span>riteria. Ho<span class=\"_ _2\"></span>lding s<span class=\"_ _2\"></span>hares i<span class=\"_ _2\"></span>n treasur<span class=\"_ _2\"></span>y fo<span class=\"_ _2\"></span>r this p<span class=\"_ _2\"></span>urpos<span class=\"_ _2\"></span>e assis<span class=\"_ _2\"></span>ts t<span class=\"_ _2\"></span>he Comp<span class=\"_ _2\"></span>any in m<span class=\"_ _2\"></span>atching it<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>goin<span class=\"_ _2\"></span>g cap<span class=\"_ _2\"></span>ital re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s to its inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent op<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>tun<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d therefo<span class=\"_ _2\"></span>re reduces t<span class=\"_ _2\"></span>he ne<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ve effe<span class=\"_ _2\"></span>ct of ho<span class=\"_ _2\"></span>ldin<span class=\"_ _2\"></span>g excess ca<span class=\"_ _2\"></span>sh on it<span class=\"_ _2\"></span>s bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet over th<span class=\"_ _2\"></span>e lon<span class=\"_ _2\"></span>ger ter<span class=\"_ _2\"></span>m.<span class=\"_ _231\"> </span>No changes<span class=\"_ _0\"></span> were made in<span class=\"_ _0\"></span> the capital management objectiv<span class=\"_ _0\"></span>es, policies or pr<span class=\"_ _0\"></span>ocesses during<span class=\"_ _0\"></span> the year<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-406": {
   "value": "15. Share capital<span class=\"_ _231\"> </span><table class=\"s w2bf hd2\" id=\"_c928797c-8aab-4783-b9cc-0889af2a2e7a\"><tr><td></td><td class=\"t m0 x32a hd y1989 ff25 fs8 fc1 sc0 ls1d ws18\">Number of<span class=\"_ _0\"></span> </td><td></td></tr><tr><td class=\"t m0 x164 hd y198a ff25 fs8 fc1 sc0 ls1c ws1\">Al<span class=\"_ _2\"></span>lot<span class=\"_ _2\"></span>ted, c<span class=\"_ _2\"></span>alle<span class=\"_ _2\"></span>d-<span class=\"_ _2\"></span>up a<span class=\"_ _2\"></span>nd fu<span class=\"_ _2\"></span>lly p<span class=\"_ _2\"></span>aid o<span class=\"_ _2\"></span>rdin<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y sha<span class=\"_ _2\"></span>res of \u00a30.01 e<span class=\"_ _2\"></span>ach<span class=\"_ _231\"> </span></td><td class=\"c n x428 y198b w2c0 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls71 ws174\">shares<span class=\"_ _231\"> </span></div></td><td class=\"c n x429 y198b w2c1 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w2c2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Bal<span class=\"_ _2\"></span>ance as a<span class=\"_ _2\"></span>t 30 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4 an<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025<span class=\"_ _231\"> </span></div></td><td class=\"c n x42a y18da w2c3 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">62<span class=\"_ _2\"></span>0,237<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>346<span class=\"_ _231\"> </span></div></td><td class=\"c n x42b y18da w2c4 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">6,<span class=\"_ _2\"></span>202<span class=\"_ _231\"> </span></div></td></tr></table>Un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any\u2019s A<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>cles of A<span class=\"_ _2\"></span>sso<span class=\"_ _2\"></span>ciatio<span class=\"_ _2\"></span>n, th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any may is<span class=\"_ _2\"></span>sue an u<span class=\"_ _2\"></span>nlim<span class=\"_ _2\"></span>ited num<span class=\"_ _2\"></span>ber of o<span class=\"_ _2\"></span>rdina<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y share<span class=\"_ _2\"></span>s. Ord<span class=\"_ _2\"></span>inar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>areho<span class=\"_ _2\"></span>lde<span class=\"_ _2\"></span>rs are ent<span class=\"_ _2\"></span>itled to al<span class=\"_ _2\"></span>l divi<span class=\"_ _2\"></span>den<span class=\"_ _2\"></span>ds decl<span class=\"_ _2\"></span>ared by th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any an<span class=\"_ _2\"></span>d to all of the Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ny\u2019s ass<span class=\"_ _2\"></span>ets af<span class=\"_ _2\"></span>ter rep<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt of its b<span class=\"_ _2\"></span>orrow<span class=\"_ _2\"></span>ings a<span class=\"_ _2\"></span>nd ordi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y credi<span class=\"_ _2\"></span>tors.<span class=\"_ _2\"></span> Ord<span class=\"_ _2\"></span>inar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>areho<span class=\"_ _2\"></span>lder<span class=\"_ _2\"></span>s have th<span class=\"_ _2\"></span>e righ<span class=\"_ _2\"></span>t to vot<span class=\"_ _0\"></span>e a<span class=\"_ _2\"></span>t meet<span class=\"_ _2\"></span>ings of t<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany. All ordi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>ares ca<span class=\"_ _2\"></span>rr<span class=\"_ _2\"></span>y equ<span class=\"_ _2\"></span>al votin<span class=\"_ _2\"></span>g rig<span class=\"_ _2\"></span>hts<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Du<span class=\"_ _2\"></span>ring t<span class=\"_ _2\"></span>he year to 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _2\"></span>, the Com<span class=\"_ _2\"></span>pany d<span class=\"_ _2\"></span>id not is<span class=\"_ _2\"></span>sue a<span class=\"_ _2\"></span>ny ordin<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y share<span class=\"_ _2\"></span>s (202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he Co<span class=\"_ _2\"></span>mpany d<span class=\"_ _2\"></span>id not re<span class=\"_ _2\"></span>purchas<span class=\"_ _2\"></span>e any ordi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y sha<span class=\"_ _2\"></span>res into treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y (202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>) or rese<span class=\"_ _2\"></span>ll any o<span class=\"_ _2\"></span>rdinar<span class=\"_ _2\"></span>y s<span class=\"_ _2\"></span>hares f<span class=\"_ _2\"></span>rom treasu<span class=\"_ _2\"></span>ry (<span class=\"_ _2\"></span>202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>. At 3<span class=\"_ _2\"></span>0 June 2025<span class=\"_ _2\"></span>, the Co<span class=\"_ _2\"></span>mpan<span class=\"_ _2\"></span>y did not h<span class=\"_ _2\"></span>old a<span class=\"_ _2\"></span>ny share<span class=\"_ _2\"></span>s in treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y (202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Capital managem<span class=\"_ _2\"></span>ent<span class=\"_ _231\"> </span>The Group\u2019<span class=\"_ _0\"></span>s capital is<span class=\"_ _0\"></span> represent<span class=\"_ _0\"></span>ed by t<span class=\"_ _1\"></span>he shar<span class=\"_ _0\"></span>e capital, share<span class=\"_ _0\"></span> premium, merger<span class=\"_ _1\"></span> reserve,<span class=\"_ _1\"></span> distributable<span class=\"_ _0\"></span> reser<span class=\"_ _2\"></span>ve<span class=\"_ _0\"></span>, hedging reserve,<span class=\"_ _1\"></span> capital r<span class=\"_ _0\"></span>eser<span class=\"_ _2\"></span>ve, reven<span class=\"_ _2\"></span>ue rese<span class=\"_ _2\"></span>rve a<span class=\"_ _2\"></span>nd lon<span class=\"_ _2\"></span>g-<span class=\"_ _2\"></span>term b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs<span class=\"_ _2\"></span>. The G<span class=\"_ _2\"></span>roup is n<span class=\"_ _2\"></span>ot subj<span class=\"_ _2\"></span>ect to any e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span>-i<span class=\"_ _2\"></span>mpos<span class=\"_ _2\"></span>ed cap<span class=\"_ _2\"></span>ital re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s, ot<span class=\"_ _2\"></span>her th<span class=\"_ _2\"></span>an th<span class=\"_ _2\"></span>e fina<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> covena<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>n its lo<span class=\"_ _2\"></span>an faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s as det<span class=\"_ _2\"></span>aile<span class=\"_ _2\"></span>d in Note 13<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e cap<span class=\"_ _2\"></span>ital of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up is ma<span class=\"_ _2\"></span>nage<span class=\"_ _2\"></span>d in accord<span class=\"_ _2\"></span>ance wit<span class=\"_ _2\"></span>h its inv<span class=\"_ _2\"></span>estm<span class=\"_ _2\"></span>ent po<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, in p<span class=\"_ _2\"></span>ursu<span class=\"_ _2\"></span>it of its i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment o<span class=\"_ _2\"></span>bjec<span class=\"_ _2\"></span>tive.<span class=\"_ _2\"></span> Capital risk management<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e obj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve of the G<span class=\"_ _2\"></span>roup is to p<span class=\"_ _2\"></span>rovide o<span class=\"_ _2\"></span>rdina<span class=\"_ _2\"></span>ry s<span class=\"_ _2\"></span>hareh<span class=\"_ _2\"></span>olde<span class=\"_ _2\"></span>rs wit<span class=\"_ _2\"></span>h an at<span class=\"_ _2\"></span>trac<span class=\"_ _2\"></span>tive leve<span class=\"_ _2\"></span>l of inco<span class=\"_ _2\"></span>me toget<span class=\"_ _2\"></span>her w<span class=\"_ _2\"></span>ith the p<span class=\"_ _2\"></span>otenti<span class=\"_ _2\"></span>al for in<span class=\"_ _2\"></span>come an<span class=\"_ _2\"></span>d cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l growt<span class=\"_ _2\"></span>h from inve<span class=\"_ _2\"></span>stin<span class=\"_ _2\"></span>g in a dive<span class=\"_ _2\"></span>rsif<span class=\"_ _2\"></span>ied p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfol<span class=\"_ _2\"></span>io of free<span class=\"_ _2\"></span>hold a<span class=\"_ _2\"></span>nd lo<span class=\"_ _2\"></span>ng leas<span class=\"_ _2\"></span>ehol<span class=\"_ _2\"></span>d care ho<span class=\"_ _2\"></span>mes t<span class=\"_ _2\"></span>hat are let to ca<span class=\"_ _2\"></span>re hom<span class=\"_ _2\"></span>e ope<span class=\"_ _2\"></span>rators; an<span class=\"_ _2\"></span>d oth<span class=\"_ _2\"></span>er hea<span class=\"_ _2\"></span>lthc<span class=\"_ _2\"></span>are asset<span class=\"_ _2\"></span>s in th<span class=\"_ _2\"></span>e UK<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Boa<span class=\"_ _2\"></span>rd has resp<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>y for e<span class=\"_ _2\"></span>nsuri<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019s abili<span class=\"_ _2\"></span>ty to cont<span class=\"_ _2\"></span>inue a<span class=\"_ _2\"></span>s a goin<span class=\"_ _2\"></span>g concer<span class=\"_ _2\"></span>n. Th<span class=\"_ _2\"></span>is invol<span class=\"_ _2\"></span>ves the a<span class=\"_ _2\"></span>bili<span class=\"_ _2\"></span>ty to bo<span class=\"_ _2\"></span>rrow mo<span class=\"_ _2\"></span>nies i<span class=\"_ _2\"></span>n the sho<span class=\"_ _2\"></span>rt a<span class=\"_ _2\"></span>nd lo<span class=\"_ _2\"></span>ng term; an<span class=\"_ _2\"></span>d pay div<span class=\"_ _2\"></span>ide<span class=\"_ _2\"></span>nds ou<span class=\"_ _2\"></span>t of reser<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span>, all of w<span class=\"_ _2\"></span>hich are co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>red an<span class=\"_ _2\"></span>d app<span class=\"_ _2\"></span>roved by the B<span class=\"_ _2\"></span>oard on a re<span class=\"_ _2\"></span>gul<span class=\"_ _2\"></span>ar basi<span class=\"_ _2\"></span>s.<span class=\"_ _231\"> </span>T<span class=\"_ _0\"></span>o mai<span class=\"_ _0\"></span>ntain or adjust the<span class=\"_ _0\"></span> capital structure,<span class=\"_ _0\"></span> the Company<span class=\"_ _0\"></span> may adjust the di<span class=\"_ _1\"></span>vidend payment<span class=\"_ _0\"></span> to shar<span class=\"_ _0\"></span>eholders<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> return capi<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>al<span class=\"_ _0\"></span> to shar<span class=\"_ _0\"></span>eh<span class=\"_ _2\"></span>olders, iss<span class=\"_ _2\"></span>ue new s<span class=\"_ _2\"></span>hares o<span class=\"_ _2\"></span>r buy<span class=\"_ _2\"></span>back sh<span class=\"_ _2\"></span>ares for c<span class=\"_ _2\"></span>ancel<span class=\"_ _2\"></span>latio<span class=\"_ _2\"></span>n or for ho<span class=\"_ _2\"></span>ldin<span class=\"_ _2\"></span>g in treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany m<span class=\"_ _2\"></span>ay als<span class=\"_ _2\"></span>o increas<span class=\"_ _2\"></span>e or decre<span class=\"_ _2\"></span>ase its l<span class=\"_ _2\"></span>evel of lo<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>-<span class=\"_ _231\"> </span>term b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs<span class=\"_ _2\"></span>. The G<span class=\"_ _2\"></span>roup m<span class=\"_ _2\"></span>onitor<span class=\"_ _2\"></span>s cap<span class=\"_ _2\"></span>ital us<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e net L<span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>V r<span class=\"_ _2\"></span>atio, wh<span class=\"_ _2\"></span>ich was 2<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></span>8 per cen<span class=\"_ _2\"></span>t at 30 Jun<span class=\"_ _2\"></span>e 2025 (202<span class=\"_ _0\"></span>4: 22.<span class=\"_ _2\"></span>5 per ce<span class=\"_ _2\"></span>nt). The<span class=\"_ _2\"></span> Bo<span class=\"_ _2\"></span>ard current<span class=\"_ _2\"></span>ly inten<span class=\"_ _2\"></span>ds that<span class=\"_ _2\"></span>, over th<span class=\"_ _2\"></span>e med<span class=\"_ _2\"></span>ium term<span class=\"_ _2\"></span>, bor<span class=\"_ _2\"></span>rowing<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup wi<span class=\"_ _2\"></span>ll repres<span class=\"_ _2\"></span>ent no m<span class=\"_ _2\"></span>ore tha<span class=\"_ _2\"></span>n app<span class=\"_ _2\"></span>roximately 3<span class=\"_ _2\"></span>0 per ce<span class=\"_ _2\"></span>nt of the Gro<span class=\"_ _2\"></span>up\u2019s gross as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s at the ti<span class=\"_ _2\"></span>me of dr<span class=\"_ _2\"></span>awdown<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Whe<span class=\"_ _2\"></span>re ordin<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y sha<span class=\"_ _2\"></span>res are he<span class=\"_ _2\"></span>ld in treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y thes<span class=\"_ _2\"></span>e are avai<span class=\"_ _2\"></span>lab<span class=\"_ _2\"></span>le to be sol<span class=\"_ _2\"></span>d to meet on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>go<span class=\"_ _2\"></span>ing ma<span class=\"_ _2\"></span>rket de<span class=\"_ _2\"></span>mand<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e net proce<span class=\"_ _2\"></span>eds of an<span class=\"_ _2\"></span>y subs<span class=\"_ _2\"></span>equ<span class=\"_ _2\"></span>ent sa<span class=\"_ _2\"></span>les of sh<span class=\"_ _2\"></span>ares out o<span class=\"_ _2\"></span>f treasur<span class=\"_ _2\"></span>y w<span class=\"_ _2\"></span>ill provi<span class=\"_ _2\"></span>de th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny with a<span class=\"_ _2\"></span>ddit<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l cap<span class=\"_ _2\"></span>ital to en<span class=\"_ _2\"></span>able i<span class=\"_ _2\"></span>t to take ad<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span>age of i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent oppor<span class=\"_ _2\"></span>tuni<span class=\"_ _0\"></span>ties in the mark<span class=\"_ _0\"></span>et and mak<span class=\"_ _0\"></span>e fur<span class=\"_ _2\"></span>ther<span class=\"_ _0\"></span> investments in ac<span class=\"_ _0\"></span>cordanc<span class=\"_ _0\"></span>e with the<span class=\"_ _0\"></span> Company\u2019s i<span class=\"_ _0\"></span>nvestment policy and<span class=\"_ _0\"></span> within its appraisal c<span class=\"_ _0\"></span>riteria. Ho<span class=\"_ _2\"></span>lding s<span class=\"_ _2\"></span>hares i<span class=\"_ _2\"></span>n treasur<span class=\"_ _2\"></span>y fo<span class=\"_ _2\"></span>r this p<span class=\"_ _2\"></span>urpos<span class=\"_ _2\"></span>e assis<span class=\"_ _2\"></span>ts t<span class=\"_ _2\"></span>he Comp<span class=\"_ _2\"></span>any in m<span class=\"_ _2\"></span>atching it<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>goin<span class=\"_ _2\"></span>g cap<span class=\"_ _2\"></span>ital re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s to its inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent op<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>tun<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d therefo<span class=\"_ _2\"></span>re reduces t<span class=\"_ _2\"></span>he ne<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ve effe<span class=\"_ _2\"></span>ct of ho<span class=\"_ _2\"></span>ldin<span class=\"_ _2\"></span>g excess ca<span class=\"_ _2\"></span>sh on it<span class=\"_ _2\"></span>s bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet over th<span class=\"_ _2\"></span>e lon<span class=\"_ _2\"></span>ger ter<span class=\"_ _2\"></span>m.<span class=\"_ _231\"> </span>No changes<span class=\"_ _0\"></span> were made in<span class=\"_ _0\"></span> the capital management objectiv<span class=\"_ _0\"></span>es, policies or pr<span class=\"_ _0\"></span>ocesses during<span class=\"_ _0\"></span> the year<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>1<span class=\"_ _1\"></span>6. Finan<span class=\"_ _1\"></span>cial i<span class=\"_ _0\"></span>nstrumen<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span>Cons<span class=\"_ _2\"></span>istent wi<span class=\"_ _2\"></span>th its o<span class=\"_ _2\"></span>bje<span class=\"_ _2\"></span>ctive, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup ho<span class=\"_ _2\"></span>lds UK ca<span class=\"_ _2\"></span>re hom<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty in<span class=\"_ _2\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s. In a<span class=\"_ _2\"></span>dditi<span class=\"_ _2\"></span>on, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ents co<span class=\"_ _2\"></span>mpri<span class=\"_ _2\"></span>se cas<span class=\"_ _2\"></span>h, loa<span class=\"_ _2\"></span>ns and re<span class=\"_ _2\"></span>ceiva<span class=\"_ _2\"></span>bles a<span class=\"_ _2\"></span>nd paya<span class=\"_ _2\"></span>bles t<span class=\"_ _2\"></span>hat ar<span class=\"_ _2\"></span>ise dire<span class=\"_ _2\"></span>ctly fro<span class=\"_ _2\"></span>m its o<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s expos<span class=\"_ _2\"></span>ure to deri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve instr<span class=\"_ _2\"></span>ume<span class=\"_ _2\"></span>nts con<span class=\"_ _2\"></span>sist<span class=\"_ _2\"></span>s of interes<span class=\"_ _2\"></span>t rate sw<span class=\"_ _2\"></span>aps an<span class=\"_ _2\"></span>d interes<span class=\"_ _2\"></span>t rate caps u<span class=\"_ _2\"></span>sed to fi<span class=\"_ _2\"></span>x the intere<span class=\"_ _2\"></span>st rate on t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate bor<span class=\"_ _2\"></span>rowing<span class=\"_ _2\"></span>s.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p is expo<span class=\"_ _2\"></span>sed to var<span class=\"_ _2\"></span>ious t<span class=\"_ _2\"></span>yp<span class=\"_ _2\"></span>es of ri<span class=\"_ _2\"></span>sk that a<span class=\"_ _2\"></span>re asso<span class=\"_ _2\"></span>ciated wit<span class=\"_ _2\"></span>h fina<span class=\"_ _2\"></span>ncia<span class=\"_ _2\"></span>l instr<span class=\"_ _2\"></span>ume<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e most i<span class=\"_ _2\"></span>mpor<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ant t<span class=\"_ _2\"></span>ype<span class=\"_ _2\"></span>s are credit r<span class=\"_ _2\"></span>isk, l<span class=\"_ _2\"></span>iqui<span class=\"_ _2\"></span>dit<span class=\"_ _2\"></span>y risk<span class=\"_ _2\"></span>, interes<span class=\"_ _2\"></span>t rate ris<span class=\"_ _2\"></span>k and ma<span class=\"_ _2\"></span>rket pr<span class=\"_ _2\"></span>ice risk<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>ere is no fore<span class=\"_ _2\"></span>ign cur<span class=\"_ _2\"></span>renc<span class=\"_ _2\"></span>y risk as a<span class=\"_ _2\"></span>ll asset<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es of th<span class=\"_ _2\"></span>e Group a<span class=\"_ _2\"></span>re maint<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>ed in p<span class=\"_ _2\"></span>ound<span class=\"_ _2\"></span>s sterli<span class=\"_ _2\"></span>ng.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Boa<span class=\"_ _2\"></span>rd reviews a<span class=\"_ _2\"></span>nd ag<span class=\"_ _2\"></span>rees p<span class=\"_ _2\"></span>olici<span class=\"_ _2\"></span>es for ma<span class=\"_ _2\"></span>nagi<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019s risk exp<span class=\"_ _2\"></span>osure. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e poli<span class=\"_ _2\"></span>cies a<span class=\"_ _2\"></span>re summa<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span>d belo<span class=\"_ _2\"></span>w and ha<span class=\"_ _2\"></span>ve remain<span class=\"_ _2\"></span>ed unchanged f<span class=\"_ _0\"></span>or the year<span class=\"_ _0\"></span> under review<span class=\"_ _0\"></span>. These dis<span class=\"_ _0\"></span>closures<span class=\"_ _0\"></span> include, wher<span class=\"_ _0\"></span>e appropriat<span class=\"_ _0\"></span>e, cons<span class=\"_ _0\"></span>ideration of the<span class=\"_ _0\"></span> G<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>oup\u2019s in<span class=\"_ _0\"></span>vestment properties whic<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>, whi<span class=\"_ _2\"></span>ls<span class=\"_ _2\"></span>t not cons<span class=\"_ _2\"></span>tituti<span class=\"_ _2\"></span>ng fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s as def<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>d by IFRS, a<span class=\"_ _2\"></span>re consid<span class=\"_ _2\"></span>ered by th<span class=\"_ _2\"></span>e Boa<span class=\"_ _2\"></span>rd to be integ<span class=\"_ _2\"></span>ral to the G<span class=\"_ _2\"></span>roup\u2019s ove<span class=\"_ _2\"></span>rall r<span class=\"_ _2\"></span>isk exp<span class=\"_ _2\"></span>osure.<span class=\"_ _231\"> </span>Cred<span class=\"_ _2\"></span>it risk<span class=\"_ _231\"> </span>Credi<span class=\"_ _2\"></span>t risk is th<span class=\"_ _2\"></span>e risk t<span class=\"_ _2\"></span>hat an is<span class=\"_ _2\"></span>suer o<span class=\"_ _2\"></span>r counter<span class=\"_ _2\"></span>par<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y will b<span class=\"_ _2\"></span>e unab<span class=\"_ _2\"></span>le or un<span class=\"_ _2\"></span>willi<span class=\"_ _2\"></span>ng to mee<span class=\"_ _2\"></span>t a commit<span class=\"_ _2\"></span>ment t<span class=\"_ _2\"></span>hat it has e<span class=\"_ _2\"></span>ntered into w<span class=\"_ _2\"></span>ith the G<span class=\"_ _2\"></span>roup.<span class=\"_ _2\"></span> At th<span class=\"_ _2\"></span>e repor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ng date, th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s fina<span class=\"_ _2\"></span>ncial a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s exp<span class=\"_ _2\"></span>osed to credi<span class=\"_ _2\"></span>t risk am<span class=\"_ _2\"></span>ounted to \u00a342,12<span class=\"_ _2\"></span>2,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a3<span class=\"_ _0\"></span>41<span class=\"_ _2\"></span>,536<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0), consis<span class=\"_ _2\"></span>ting o<span class=\"_ _2\"></span>f cash of<span class=\"_ _2\"></span> \u00a339,639,000 (<span class=\"_ _2\"></span>202<span class=\"_ _0\"></span>4: \u00a338,<span class=\"_ _2\"></span>884,<span class=\"_ _2\"></span>000), a<span class=\"_ _2\"></span>ccrue<span class=\"_ _2\"></span>d develo<span class=\"_ _2\"></span>pme<span class=\"_ _2\"></span>nt interes<span class=\"_ _2\"></span>t of \u00a3809,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a31<span class=\"_ _2\"></span>,07<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0), net rent re<span class=\"_ _2\"></span>ceiva<span class=\"_ _2\"></span>ble of \u00a31<span class=\"_ _2\"></span>,089,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>:<span class=\"_ _2\"></span> \u00a3890,0<span class=\"_ _2\"></span>00) an<span class=\"_ _2\"></span>d oth<span class=\"_ _2\"></span>er deb<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>or<span class=\"_ _2\"></span>s of \u00a3585,0<span class=\"_ _2\"></span>00 (2024: \u00a3<span class=\"_ _0\"></span>68<span class=\"_ _2\"></span>6,00<span class=\"_ _2\"></span>0).<span class=\"_ _231\"> </span>In th<span class=\"_ _2\"></span>e event of d<span class=\"_ _2\"></span>efau<span class=\"_ _2\"></span>lt by a tenant if i<span class=\"_ _2\"></span>t is in fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al dif<span class=\"_ _2\"></span>ficu<span class=\"_ _2\"></span>lty o<span class=\"_ _2\"></span>r othe<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>wise un<span class=\"_ _2\"></span>able to m<span class=\"_ _2\"></span>eet it<span class=\"_ _2\"></span>s obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ons un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>e lease, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup wil<span class=\"_ _2\"></span>l suf<span class=\"_ _2\"></span>fer a rent<span class=\"_ _2\"></span>al sh<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfa<span class=\"_ _2\"></span>ll and i<span class=\"_ _2\"></span>ncur a<span class=\"_ _2\"></span>dditi<span class=\"_ _2\"></span>ona<span class=\"_ _2\"></span>l expe<span class=\"_ _2\"></span>nses u<span class=\"_ _2\"></span>ntil th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>y is re<span class=\"_ _2\"></span>let. T<span class=\"_ _2\"></span>hese e<span class=\"_ _2\"></span>xpen<span class=\"_ _2\"></span>ses coul<span class=\"_ _2\"></span>d inclu<span class=\"_ _2\"></span>de leg<span class=\"_ _2\"></span>al an<span class=\"_ _2\"></span>d sur<span class=\"_ _2\"></span>veyor<span class=\"_ _2\"></span>\u2019s costs i<span class=\"_ _2\"></span>n re-letting, maint<span class=\"_ _0\"></span>enance co<span class=\"_ _0\"></span>st<span class=\"_ _2\"></span>s, in<span class=\"_ _1\"></span>surances,<span class=\"_ _1\"></span> rat<span class=\"_ _0\"></span>es and market<span class=\"_ _1\"></span>ing c<span class=\"_ _0\"></span>ost<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> may have<span class=\"_ _0\"></span> a materi<span class=\"_ _1\"></span>al adverse<span class=\"_ _0\"></span> impact on the financ<span class=\"_ _1\"></span>ial c<span class=\"_ _0\"></span>ondition and pe<span class=\"_ _2\"></span>rfor<span class=\"_ _2\"></span>man<span class=\"_ _2\"></span>ce of the G<span class=\"_ _2\"></span>roup an<span class=\"_ _2\"></span>d/<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r the leve<span class=\"_ _2\"></span>l of div<span class=\"_ _2\"></span>iden<span class=\"_ _2\"></span>d cover<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup may a<span class=\"_ _2\"></span>lso re<span class=\"_ _2\"></span>quire to prov<span class=\"_ _2\"></span>ide rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>centive<span class=\"_ _2\"></span>s to the in<span class=\"_ _2\"></span>comin<span class=\"_ _2\"></span>g tenant<span class=\"_ _2\"></span>. The Board<span class=\"_ _1\"></span> rec<span class=\"_ _0\"></span>eives regular<span class=\"_ _0\"></span> repor<span class=\"_ _2\"></span>ts on<span class=\"_ _0\"></span> concentra<span class=\"_ _0\"></span>tions of ris<span class=\"_ _1\"></span>k and an<span class=\"_ _0\"></span>y tenants i<span class=\"_ _1\"></span>n arr<span class=\"_ _0\"></span>ears<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> T<span class=\"_ _2\"></span>he I<span class=\"_ _1\"></span>nvestment<span class=\"_ _0\"></span> Manager monitors<span class=\"_ _0\"></span> such reports in orde<span class=\"_ _2\"></span>r to antici<span class=\"_ _2\"></span>pate, an<span class=\"_ _2\"></span>d mini<span class=\"_ _2\"></span>mise th<span class=\"_ _2\"></span>e impa<span class=\"_ _2\"></span>ct of, def<span class=\"_ _2\"></span>ault<span class=\"_ _2\"></span>s by occupat<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l tenan<span class=\"_ _2\"></span>ts. T<span class=\"_ _2\"></span>he ex<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>ted credit r<span class=\"_ _2\"></span>isk in rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n t<span class=\"_ _1\"></span>o tena<span class=\"_ _2\"></span>nts is a<span class=\"_ _2\"></span>n inhe<span class=\"_ _2\"></span>rent ele<span class=\"_ _2\"></span>ment of t<span class=\"_ _2\"></span>he du<span class=\"_ _2\"></span>e dili<span class=\"_ _2\"></span>gen<span class=\"_ _2\"></span>ce c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>ered by th<span class=\"_ _2\"></span>e Inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt Mana<span class=\"_ _2\"></span>ger o<span class=\"_ _2\"></span>n all pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y tra<span class=\"_ _2\"></span>nsac<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s with an e<span class=\"_ _2\"></span>mph<span class=\"_ _2\"></span>asis be<span class=\"_ _2\"></span>ing p<span class=\"_ _2\"></span>laced o<span class=\"_ _2\"></span>n ensu<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> that t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>itial re<span class=\"_ _2\"></span>nt is set at a sus<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>nabl<span class=\"_ _2\"></span>e level<span class=\"_ _2\"></span>. The r<span class=\"_ _2\"></span>isk is f<span class=\"_ _2\"></span>urt<span class=\"_ _2\"></span>her m<span class=\"_ _2\"></span>itiga<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed by ren<span class=\"_ _2\"></span>tal d<span class=\"_ _2\"></span>eposi<span class=\"_ _2\"></span>ts or g<span class=\"_ _2\"></span>uara<span class=\"_ _2\"></span>ntees wh<span class=\"_ _2\"></span>ere consi<span class=\"_ _2\"></span>dere<span class=\"_ _2\"></span>d app<span class=\"_ _2\"></span>ropria<span class=\"_ _2\"></span>te. The maj<span class=\"_ _2\"></span>orit<span class=\"_ _2\"></span>y of rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come is re<span class=\"_ _2\"></span>ceived in a<span class=\"_ _2\"></span>dva<span class=\"_ _2\"></span>nce.<span class=\"_ _231\"> </span>A<span class=\"_ _2\"></span>s at 30 Jun<span class=\"_ _2\"></span>e 2025, th<span class=\"_ _2\"></span>e Group h<span class=\"_ _2\"></span>ad recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d a credit los<span class=\"_ _2\"></span>s allow<span class=\"_ _2\"></span>ance tota<span class=\"_ _2\"></span>llin<span class=\"_ _2\"></span>g \u00a3<span class=\"_ _0\"></span>4,<span class=\"_ _2\"></span>547<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a32,935,0<span class=\"_ _2\"></span>00) ag<span class=\"_ _2\"></span>ains<span class=\"_ _2\"></span>t a gross rent re<span class=\"_ _2\"></span>ceiva<span class=\"_ _2\"></span>ble bal<span class=\"_ _2\"></span>ance of \u00a34,828,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>3,267<span class=\"_ _0\"></span>,0<span class=\"_ _2\"></span>00), gros<span class=\"_ _2\"></span>s loan<span class=\"_ _2\"></span>s to t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s total<span class=\"_ _2\"></span>ling \u00a378<span class=\"_ _2\"></span>8,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a3952,0<span class=\"_ _2\"></span>00) a<span class=\"_ _2\"></span>nd oth<span class=\"_ _2\"></span>er tena<span class=\"_ _2\"></span>nt debto<span class=\"_ _2\"></span>rs of \u00a3287<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a3ni<span class=\"_ _2\"></span>l). Of the g<span class=\"_ _2\"></span>ross receiv<span class=\"_ _2\"></span>able o<span class=\"_ _2\"></span>f \u00a3<span class=\"_ _0\"></span>4,<span class=\"_ _2\"></span>219,0<span class=\"_ _2\"></span>00 at 30 J<span class=\"_ _2\"></span>une 2024, \u00a3<span class=\"_ _0\"></span>63<span class=\"_ _2\"></span>8,00<span class=\"_ _2\"></span>0 was su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y recovered an<span class=\"_ _2\"></span>d \u00a33,<span class=\"_ _2\"></span>581<span class=\"_ _2\"></span>,000 i<span class=\"_ _2\"></span>s stil<span class=\"_ _2\"></span>l outs<span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>din<span class=\"_ _2\"></span>g. Th<span class=\"_ _2\"></span>ere were n<span class=\"_ _2\"></span>o othe<span class=\"_ _2\"></span>r fina<span class=\"_ _2\"></span>ncial a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s whi<span class=\"_ _2\"></span>ch were eith<span class=\"_ _2\"></span>er pa<span class=\"_ _2\"></span>st due o<span class=\"_ _2\"></span>r consi<span class=\"_ _2\"></span>dered i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>red at 30 Ju<span class=\"_ _2\"></span>ne 2025 (202<span class=\"_ _1\"></span>4: nil).<span class=\"_ _231\"> </span>All o<span class=\"_ _2\"></span>f the G<span class=\"_ _2\"></span>roup\u2019s cas<span class=\"_ _2\"></span>h is pla<span class=\"_ _2\"></span>ced with f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ncial i<span class=\"_ _2\"></span>nstit<span class=\"_ _2\"></span>ution<span class=\"_ _2\"></span>s with a lo<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>-term cre<span class=\"_ _2\"></span>dit rati<span class=\"_ _2\"></span>ng of BB<span class=\"_ _2\"></span>B or be<span class=\"_ _2\"></span>tter<span class=\"_ _1\"></span>. Ban<span class=\"_ _2\"></span>kru<span class=\"_ _2\"></span>ptcy or in<span class=\"_ _2\"></span>solven<span class=\"_ _2\"></span>cy of s<span class=\"_ _2\"></span>uch fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al ins<span class=\"_ _2\"></span>tituti<span class=\"_ _2\"></span>ons may c<span class=\"_ _2\"></span>ause t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s abi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y to access ca<span class=\"_ _2\"></span>sh pla<span class=\"_ _2\"></span>ced on d<span class=\"_ _2\"></span>eposi<span class=\"_ _2\"></span>t to be del<span class=\"_ _2\"></span>ayed, l<span class=\"_ _2\"></span>imited o<span class=\"_ _2\"></span>r lost. S<span class=\"_ _2\"></span>hou<span class=\"_ _2\"></span>ld the cre<span class=\"_ _2\"></span>dit qua<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y <span class=\"ls1\"> </span>or th<span class=\"_ _2\"></span>e fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l posit<span class=\"_ _2\"></span>ion of t<span class=\"_ _2\"></span>he ban<span class=\"_ _2\"></span>ks cur<span class=\"_ _2\"></span>rently em<span class=\"_ _2\"></span>ploye<span class=\"_ _2\"></span>d sign<span class=\"_ _2\"></span>ific<span class=\"_ _2\"></span>antly d<span class=\"_ _2\"></span>eterio<span class=\"_ _2\"></span>rate, cash h<span class=\"_ _2\"></span>old<span class=\"_ _2\"></span>ings wo<span class=\"_ _2\"></span>uld be m<span class=\"_ _2\"></span>oved to an<span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r bank<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Sho<span class=\"_ _2\"></span>uld th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p hold s<span class=\"_ _2\"></span>igni<span class=\"_ _2\"></span>fica<span class=\"_ _2\"></span>nt cash b<span class=\"_ _2\"></span>ala<span class=\"_ _2\"></span>nces for a<span class=\"_ _2\"></span>n exten<span class=\"_ _2\"></span>ded p<span class=\"_ _2\"></span>erio<span class=\"_ _2\"></span>d, th<span class=\"_ _2\"></span>en counte<span class=\"_ _2\"></span>rpar<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y risk w<span class=\"_ _2\"></span>ill be s<span class=\"_ _2\"></span>pread<span class=\"_ _2\"></span>, by pla<span class=\"_ _2\"></span>cing c<span class=\"_ _2\"></span>ash across d<span class=\"_ _2\"></span>iffe<span class=\"_ _2\"></span>rent fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al ins<span class=\"_ _2\"></span>tituti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>. At 30 Jun<span class=\"_ _2\"></span>e 2025 the G<span class=\"_ _2\"></span>roup h<span class=\"_ _2\"></span>eld \u00a339.4 mil<span class=\"_ _2\"></span>lion (2024: \u00a337<span class=\"_ _0\"></span>.7 mil<span class=\"_ _2\"></span>lion) w<span class=\"_ _2\"></span>ith Th<span class=\"_ _2\"></span>e Royal Ba<span class=\"_ _2\"></span>nk of Scot<span class=\"_ _2\"></span>land p<span class=\"_ _2\"></span>lc an<span class=\"_ _2\"></span>d \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _2\"></span>2 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n (202<span class=\"_ _0\"></span>4: \u00a31<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>2 mill<span class=\"_ _2\"></span>ion) wi<span class=\"_ _2\"></span>th HSBC Ba<span class=\"_ _2\"></span>nk pl<span class=\"_ _2\"></span>c. Gi<span class=\"_ _2\"></span>ven the cre<span class=\"_ _2\"></span>dit qua<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y of the co<span class=\"_ _2\"></span>unterp<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ties us<span class=\"_ _2\"></span>ed, n<span class=\"_ _2\"></span>o credit los<span class=\"_ _2\"></span>s allow<span class=\"_ _2\"></span>ance is reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d aga<span class=\"_ _2\"></span>inst cas<span class=\"_ _2\"></span>h bala<span class=\"_ _2\"></span>nces as it i<span class=\"_ _2\"></span>s consid<span class=\"_ _2\"></span>ered to be i<span class=\"_ _2\"></span>mmater<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Liquidity risk<span class=\"_ _231\"> </span>Li<span class=\"_ _2\"></span>quid<span class=\"_ _2\"></span>ity r<span class=\"_ _2\"></span>isk is th<span class=\"_ _2\"></span>e risk th<span class=\"_ _2\"></span>at the G<span class=\"_ _2\"></span>roup wi<span class=\"_ _2\"></span>ll en<span class=\"_ _2\"></span>counter dif<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>cultie<span class=\"_ _2\"></span>s in reali<span class=\"_ _2\"></span>sing as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s or oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>wise r<span class=\"_ _2\"></span>aisin<span class=\"_ _2\"></span>g fun<span class=\"_ _2\"></span>ds to meet f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial com<span class=\"_ _2\"></span>mitm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s. Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s invest<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s comp<span class=\"_ _2\"></span>rise U<span class=\"_ _2\"></span>K care ho<span class=\"_ _2\"></span>mes<span class=\"_ _2\"></span>. Prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y an<span class=\"_ _2\"></span>d prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span>-re<span class=\"_ _2\"></span>lated as<span class=\"_ _2\"></span>sets i<span class=\"_ _2\"></span>n whi<span class=\"_ _2\"></span>ch the G<span class=\"_ _2\"></span>roup inve<span class=\"_ _2\"></span>sts a<span class=\"_ _2\"></span>re not tra<span class=\"_ _2\"></span>ded i<span class=\"_ _2\"></span>n an orga<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d pub<span class=\"_ _2\"></span>lic ma<span class=\"_ _2\"></span>rket an<span class=\"_ _2\"></span>d may be il<span class=\"_ _2\"></span>liqu<span class=\"_ _2\"></span>id. A<span class=\"_ _2\"></span>s a result<span class=\"_ _2\"></span>, the G<span class=\"_ _2\"></span>roup m<span class=\"_ _2\"></span>ay not b<span class=\"_ _2\"></span>e able to li<span class=\"_ _2\"></span>quid<span class=\"_ _2\"></span>ate quickl<span class=\"_ _2\"></span>y its inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s in the<span class=\"_ _2\"></span>se prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span> <span class=\"ls1\"> </span>at an a<span class=\"_ _2\"></span>moun<span class=\"_ _2\"></span>t close to the<span class=\"_ _2\"></span>ir fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e in orde<span class=\"_ _2\"></span>r to meet it<span class=\"_ _2\"></span>s liq<span class=\"_ _2\"></span>uidit<span class=\"_ _2\"></span>y req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s liqu<span class=\"_ _2\"></span>idit<span class=\"_ _2\"></span>y risk i<span class=\"_ _2\"></span>s mana<span class=\"_ _2\"></span>ged o<span class=\"_ _2\"></span>n an on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>goin<span class=\"_ _2\"></span>g basi<span class=\"_ _2\"></span>s by the Inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent Man<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>r and m<span class=\"_ _2\"></span>onitore<span class=\"_ _2\"></span>d on a qu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span>ly basis by t<span class=\"_ _2\"></span>he Bo<span class=\"_ _2\"></span>ard. In orde<span class=\"_ _2\"></span>r to mitig<span class=\"_ _2\"></span>ate liqu<span class=\"_ _2\"></span>idit<span class=\"_ _2\"></span>y ris<span class=\"_ _2\"></span>k the G<span class=\"_ _2\"></span>roup aim<span class=\"_ _2\"></span>s to have suf<span class=\"_ _2\"></span>fici<span class=\"_ _2\"></span>ent cas<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ances (i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e exp<span class=\"_ _2\"></span>ected p<span class=\"_ _2\"></span>roceeds o<span class=\"_ _2\"></span>f any prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y sale<span class=\"_ _2\"></span>s) t<span class=\"_ _0\"></span>o m<span class=\"_ _2\"></span>eet it<span class=\"_ _2\"></span>s obli<span class=\"_ _2\"></span>gatio<span class=\"_ _2\"></span>ns for a p<span class=\"_ _2\"></span>erio<span class=\"_ _2\"></span>d of at leas<span class=\"_ _2\"></span>t tw<span class=\"_ _2\"></span>elve mo<span class=\"_ _2\"></span>nths<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>At th<span class=\"_ _2\"></span>e repor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ng date, th<span class=\"_ _2\"></span>e matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y of the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial as<span class=\"_ _2\"></span>sets w<span class=\"_ _2\"></span>as:<span class=\"_ _231\"> </span><table class=\"s w1a4 hd3\" id=\"_229ce94a-7745-4ed8-904f-c95dcdc8a81b\"><tr><td></td><td></td><td class=\"t m0 x42c h1d y198c ff24 fs8 fc1 sc0 ls1c ws1\">Mo<span class=\"_ _2\"></span>re tha<span class=\"_ _2\"></span>n thre<span class=\"_ _2\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x231 h1d y198d ff24 fs8 fc1 sc0 ls13a ws153\">Three months<span class=\"_ _231\"> </span></td><td class=\"t m0 x42d h1d y198d ff24 fs8 fc1 sc0 ls1c ws1\">mo<span class=\"_ _2\"></span>nths b<span class=\"_ _2\"></span>ut les<span class=\"_ _2\"></span>s </td><td></td><td></td><td class=\"t m0 x32a h1d y198d ff24 fs8 fc1 sc0 ls13a ws153\">More than<span class=\"_ _1\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x42e h1d y198e ff24 fs8 fc1 sc0 ls1c ws1\">or le<span class=\"_ _2\"></span>ss<span class=\"_ _231\"> </span></td><td class=\"t m0 x42f h1d y198e ff24 fs8 fc1 sc0 ls1c ws1\">tha<span class=\"_ _2\"></span>n one ye<span class=\"_ _2\"></span>ar<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fc h1d y198e ff24 fs8 fc1 sc0 ls104 ws7f\">1-2 ye<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></td><td class=\"t m0 x430 h1d y198e ff24 fs8 fc1 sc0 ls104 ws7f\">2-5 y<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>rs<span class=\"_ _231\"> </span></td><td class=\"t m0 x431 h1d y198e ff24 fs8 fc1 sc0 ls95 ws9c\">five y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></td><td class=\"t m0 x236 h1d y198e ff24 fs8 fc1 sc0 ls1 ws1\">T<span class=\"_ _0\"></span>ota<span class=\"_ _2\"></span>l </td></tr><tr><td class=\"t m0 x164 h1d y198f ff24 fs8 fc1 sc0 ls1c ws1\">Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>sets a<span class=\"_ _2\"></span>s at 30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x15e h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x15f h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1935 wa3 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls45 ws24\">Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _231\"> </span></div></td><td class=\"c n x432 y1935 wa5 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls5e ws5d\">39,639<span class=\"_ _231\"> </span></div></td><td class=\"c n x173 y1935 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x433 y1935 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x434 y1935 we7 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x435 y1935 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x436 y1935 wa5 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls5e ws5d\">39,639<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1936 w256 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al de<span class=\"_ _2\"></span>posit<span class=\"_ _2\"></span>s he<span class=\"_ _2\"></span>ld in escrow for te<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x437 y1936 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x438 y1936 w3a hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x439 y1936 we7 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43a y1936 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43b y1936 w257 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">12<span class=\"_ _2\"></span>,695<span class=\"_ _231\"> </span></div></td><td class=\"c n x43c y1936 w2ab hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>2,69<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18d9 w2c5 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls45 ws24\">Other debt<span class=\"_ _0\"></span>ors<span class=\"_ _231\"> </span></div></td><td class=\"c n x43d y18d9 w2c6 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls4 ws55\">2,4<span class=\"_ _2\"></span>83<span class=\"_ _231\"> </span></div></td><td class=\"c n x1b5 y18d9 w3a hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43e y18d9 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43f y18d9 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x440 y18d9 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x441 y18d9 w2c7 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls4 ws55\">2<span class=\"_ _2\"></span>,483<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x442 y18da w2c8 hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls82 ws89\">42<span class=\"_ _2\"></span>,12<span class=\"_ _2\"></span>2<span class=\"_ _231\"> </span></div></td><td class=\"c n x443 y18da w2f hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x444 y18da w2f hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x445 y18da w2f hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x446 y18da w2ab hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>2,6<span class=\"_ _2\"></span>95<span class=\"_ _231\"> </span></div></td><td class=\"c n x447 y18da w2c9 hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls20 ws58\">54,<span class=\"_ _2\"></span>817<span class=\"_ _231\"> </span></div></td></tr></table><table class=\"s w2ca hd4\" id=\"_592ba120-f030-45fe-b753-a902feb8cb97\"><tr><td></td><td></td><td class=\"t m0 x42d hd y1990 ff25 fs8 fc1 sc0 ls1d ws18\">More<span class=\"_ _0\"></span> than three </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x448 hd y1991 ff25 fs8 fc1 sc0 ls1d ws18\">Three mon<span class=\"_ _1\"></span>ths<span class=\"_ _231\"> </span></td><td class=\"t m0 x449 hd y1991 ff25 fs8 fc1 sc0 ls1c ws1\">mo<span class=\"_ _2\"></span>nths b<span class=\"_ _2\"></span>ut le<span class=\"_ _2\"></span>ss </td><td></td><td></td><td class=\"t m0 x3fe hd y1991 ff25 fs8 fc1 sc0 ls1d ws18\">More<span class=\"_ _0\"></span> than <span class=\"ls1 ws1\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x15e hd y1992 ff25 fs8 fc1 sc0 ls1c ws1\">or le<span class=\"_ _2\"></span>ss<span class=\"_ _231\"> </span></td><td class=\"t m0 x44a hd y1992 ff25 fs8 fc1 sc0 ls1c ws1\">th<span class=\"_ _2\"></span>an on<span class=\"_ _2\"></span>e year<span class=\"_ _231\"> </span></td><td class=\"t m0 x44b hd y1992 ff25 fs8 fc1 sc0 ls1d ws18\">1-2<span class=\"_ _0\"></span> years<span class=\"_ _231\"> </span></td><td class=\"t m0 x15a hd y1992 ff25 fs8 fc1 sc0 ls1d ws18\">2-5 y<span class=\"_ _1\"></span>ears<span class=\"_ _231\"> </span></td><td class=\"t m0 x44c hd y1992 ff25 fs8 fc1 sc0 ls1d ws18\">five y<span class=\"_ _0\"></span>ears<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y1992 ff25 fs8 fc1 sc0 ls158 ws16e\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x164 hd y1993 ff25 fs8 fc1 sc0 ls1c ws1\">Fin<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>cial as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s as at 3<span class=\"_ _2\"></span>0 Jun<span class=\"_ _2\"></span>e 2024<span class=\"_ _231\"> </span></td><td class=\"t m0 x44d hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x22c hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y193c wa3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _231\"> </span></div></td><td class=\"c n x44e y193c wa6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">38,884<span class=\"_ _231\"> </span></div></td><td class=\"c n x44f y193c w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x450 y193c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x451 y193c w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x452 y193c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x453 y193c w2cb haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">38,884<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193d w256 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al de<span class=\"_ _2\"></span>posit<span class=\"_ _2\"></span>s he<span class=\"_ _2\"></span>ld in escrow for te<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x454 y193d w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x455 y193d w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x456 y193d w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x16f y193d w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x457 y193d w2cc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td><td class=\"c n x458 y193d w2cc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193e w2c5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other debt<span class=\"_ _0\"></span>ors<span class=\"_ _231\"> </span></div></td><td class=\"c n x459 y193e w2cd haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">4,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>76<span class=\"_ _231\"> </span></div></td><td class=\"c n x45a y193e w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x45b y193e w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x45c y193e w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x45d y193e w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x45e y193e w2ce haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">4,<span class=\"_ _2\"></span>276<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w1b9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls78 ws17d\">To<span class=\"_ _2\"></span>t<span class=\"_ _5\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x45f y18da wfc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls55 ws53\">43,<span class=\"_ _2\"></span>160<span class=\"_ _231\"> </span></div></td><td class=\"c n x460 y18da w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x461 y18da w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x462 y18da w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x463 y18da w258 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>893<span class=\"_ _231\"> </span></div></td><td class=\"c n x464 y18da w2cf haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls6c wsa4\">53<span class=\"_ _2\"></span>,053<span class=\"_ _231\"> </span></div></td></tr></table>At th<span class=\"_ _2\"></span>e repor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ng date, th<span class=\"_ _2\"></span>e contr<span class=\"_ _2\"></span>actu<span class=\"_ _2\"></span>al matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y of the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s was:<span class=\"_ _231\"> </span><table class=\"s w1a4 hd5\" id=\"_b48a9c75-b599-4f1a-b550-267900935f74\"><tr><td></td><td></td><td class=\"t m0 x42c h1d y1994 ff24 fs8 fc1 sc0 ls1c ws1\">Mo<span class=\"_ _2\"></span>re tha<span class=\"_ _2\"></span>n thre<span class=\"_ _2\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x231 h1d y1995 ff24 fs8 fc1 sc0 ls13a ws153\">Three months<span class=\"_ _231\"> </span></td><td class=\"t m0 x42d h1d y1995 ff24 fs8 fc1 sc0 ls1c ws1\">mo<span class=\"_ _2\"></span>nths b<span class=\"_ _2\"></span>ut les<span class=\"_ _2\"></span>s </td><td></td><td></td><td class=\"t m0 x32a h1d y1995 ff24 fs8 fc1 sc0 ls13a ws153\">More than<span class=\"_ _1\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x42e h1d y1996 ff24 fs8 fc1 sc0 ls1c ws1\">or le<span class=\"_ _2\"></span>ss<span class=\"_ _231\"> </span></td><td class=\"t m0 x42f h1d y1996 ff24 fs8 fc1 sc0 ls1c ws1\">tha<span class=\"_ _2\"></span>n one ye<span class=\"_ _2\"></span>ar<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fc h1d y1996 ff24 fs8 fc1 sc0 ls104 ws7f\">1-2 ye<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></td><td class=\"t m0 x430 h1d y1996 ff24 fs8 fc1 sc0 ls104 ws7f\">2-5 y<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>rs<span class=\"_ _231\"> </span></td><td class=\"t m0 x431 h1d y1996 ff24 fs8 fc1 sc0 ls95 ws9c\">five y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></td><td class=\"t m0 x236 h1d y1996 ff24 fs8 fc1 sc0 ls1 ws1\">T<span class=\"_ _0\"></span>ota<span class=\"_ _2\"></span>l </td></tr><tr><td class=\"t m0 x164 h1d y1997 ff24 fs8 fc1 sc0 ls1c ws1\">Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s as at 30 J<span class=\"_ _2\"></span>une 20<span class=\"_ _2\"></span>25<span class=\"_ _231\"> </span></td><td class=\"t m0 x15e h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x15f h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1935 w2d0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Loans<span class=\"_ _0\"></span> and inter<span class=\"_ _0\"></span>est rate<span class=\"_ _0\"></span> derivatives<span class=\"_ _231\"> </span></div></td><td class=\"c n x465 y1935 w2d1 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls49 wsf0\">2<span class=\"_ _2\"></span>,432<span class=\"_ _231\"> </span></div></td><td class=\"c n x466 y1935 w2d2 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">96<span class=\"_ _2\"></span>,052<span class=\"_ _231\"> </span></div></td><td class=\"c n x467 y1935 w2d3 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">4,7<span class=\"_ _2\"></span>75<span class=\"_ _231\"> </span></div></td><td class=\"c n x468 y1935 w2d4 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls6c wsa4\">14,340<span class=\"_ _231\"> </span></div></td><td class=\"c n x469 y1935 w2d5 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">1<span class=\"_ _5\"></span>6<span class=\"_ _2\"></span>7,<span class=\"_ _5\"></span>1<span class=\"_ _2\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _231\"> </span></div></td><td class=\"c n x46a y1935 w2d6 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls47 ws40\">284,795<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1936 w2aa haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Renta<span class=\"_ _2\"></span>l deposit<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x437 y1936 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x438 y1936 w3a hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x439 y1936 we7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43a y1936 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43b y1936 w257 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">12<span class=\"_ _2\"></span>,695<span class=\"_ _231\"> </span></div></td><td class=\"c n x43c y1936 w2ab hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>2,69<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18d9 w2ba haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other payables<span class=\"_ _231\"> </span></div></td><td class=\"c n x46b y18d9 w2d7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,<span class=\"_ _2\"></span>277<span class=\"_ _231\"> </span></div></td><td class=\"c n x46c y18d9 w3a hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x46d y18d9 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x46e y18d9 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x46f y18d9 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x470 y18d9 w2d8 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,<span class=\"_ _2\"></span>27<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x442 y18da w2d9 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls148 ws161\">1<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,709<span class=\"_ _231\"> </span></div></td><td class=\"c n x471 y18da w2d2 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls5e ws5d\">96<span class=\"_ _2\"></span>,052<span class=\"_ _231\"> </span></div></td><td class=\"c n x472 y18da w2d3 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls5e ws5d\">4,7<span class=\"_ _2\"></span>75<span class=\"_ _231\"> </span></div></td><td class=\"c n x473 y18da w2da hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls6c wsa4\">14,340<span class=\"_ _231\"> </span></div></td><td class=\"c n x474 y18da w2db hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls55 ws53\">17<span class=\"_ _2\"></span>9,8<span class=\"_ _2\"></span>91<span class=\"_ _231\"> </span></div></td><td class=\"c n x475 y18da w2dc hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls14b ws164\">3<span class=\"_ _5\"></span>0<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _231\"> </span></div></td></tr></table><table class=\"s w2dd hd6\" id=\"_d2648119-6b6d-44af-b94a-6ab25717c68e\"><tr><td></td><td></td><td class=\"t m0 x42d hd y1998 ff25 fs8 fc1 sc0 ls1d ws18\">More<span class=\"_ _0\"></span> than three </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x448 hd y1999 ff25 fs8 fc1 sc0 ls1d ws18\">Three mon<span class=\"_ _1\"></span>ths<span class=\"_ _231\"> </span></td><td class=\"t m0 x449 hd y1999 ff25 fs8 fc1 sc0 ls1c ws1\">mo<span class=\"_ _2\"></span>nths b<span class=\"_ _2\"></span>ut le<span class=\"_ _2\"></span>ss </td><td></td><td></td><td class=\"t m0 x3fe hd y1999 ff25 fs8 fc1 sc0 ls1d ws18\">More<span class=\"_ _0\"></span> than <span class=\"ls1 ws1\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x15e hd y199a ff25 fs8 fc1 sc0 ls1c ws1\">or le<span class=\"_ _2\"></span>ss<span class=\"_ _231\"> </span></td><td class=\"t m0 x44a hd y199a ff25 fs8 fc1 sc0 ls1c ws1\">th<span class=\"_ _2\"></span>an on<span class=\"_ _2\"></span>e year<span class=\"_ _231\"> </span></td><td class=\"t m0 x44b hd y199a ff25 fs8 fc1 sc0 ls1d ws18\">1-2<span class=\"_ _0\"></span> years<span class=\"_ _231\"> </span></td><td class=\"t m0 x15a hd y199a ff25 fs8 fc1 sc0 ls1d ws18\">2-5 y<span class=\"_ _1\"></span>ears<span class=\"_ _231\"> </span></td><td class=\"t m0 x44c hd y199a ff25 fs8 fc1 sc0 ls1d ws18\">five y<span class=\"_ _0\"></span>ears<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y199a ff25 fs8 fc1 sc0 ls158 ws16e\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x164 hd y199b ff25 fs8 fc1 sc0 ls1c ws1\">Fin<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>cial l<span class=\"_ _2\"></span>iabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>ies as a<span class=\"_ _2\"></span>t 30 Ju<span class=\"_ _2\"></span>ne 2024<span class=\"_ _231\"> </span></td><td class=\"t m0 x44d hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x22c hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y193c w2d0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Loans<span class=\"_ _0\"></span> and inter<span class=\"_ _0\"></span>est rate<span class=\"_ _0\"></span> derivatives<span class=\"_ _231\"> </span></div></td><td class=\"c n x476 y193c w2ce haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">2,<span class=\"_ _2\"></span>476<span class=\"_ _231\"> </span></div></td><td class=\"c n x477 y193c w2de haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">7,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td><td class=\"c n x478 y193c w2df haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">99,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td><td class=\"c n x479 y193c w2e0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">14<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>34<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x47a y193c w2e1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">1<span class=\"_ _2\"></span>71<span class=\"_ _2\"></span>,97<span class=\"_ _2\"></span>2<span class=\"_ _231\"> </span></div></td><td class=\"c n x47b y193c w2e2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5e ws5d\">295,6<span class=\"_ _2\"></span>81<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193d w2aa haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Renta<span class=\"_ _2\"></span>l deposit<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x47c y193d w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x47d y193d w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x47e y193d w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x47f y193d w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x480 y193d w2e3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td><td class=\"c n x481 y193d w2e3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y199c w2ba haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other payables<span class=\"_ _231\"> </span></div></td><td class=\"c n x482 y199c w2e4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">17<span class=\"_ _0\"></span>,366<span class=\"_ _231\"> </span></div></td><td class=\"c n x483 y199c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x484 y199c w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x485 y199c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x486 y199c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x487 y199c w2e4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">17<span class=\"_ _0\"></span>,366<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w1b9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls78 ws17d\">To<span class=\"_ _2\"></span>t<span class=\"_ _5\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x45f y18da w2e5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">19,<span class=\"_ _2\"></span>84<span class=\"_ _2\"></span>2<span class=\"_ _231\"> </span></div></td><td class=\"c n x488 y18da w1c0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">7,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td><td class=\"c n x489 y18da w2df haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">9<span class=\"_ _2\"></span>9,5<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td><td class=\"c n x48a y18da w2e6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">14<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>34<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x48b y18da w2e7 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">181<span class=\"_ _2\"></span>,865<span class=\"_ _231\"> </span></div></td><td class=\"c n x48c y18da w2e8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">32<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,94<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td></tr></table>Th<span class=\"_ _2\"></span>e total a<span class=\"_ _2\"></span>moun<span class=\"_ _2\"></span>t due un<span class=\"_ _2\"></span>der t<span class=\"_ _2\"></span>he loa<span class=\"_ _2\"></span>n facil<span class=\"_ _2\"></span>ities i<span class=\"_ _2\"></span>nclu<span class=\"_ _2\"></span>des th<span class=\"_ _2\"></span>e expe<span class=\"_ _2\"></span>cted h<span class=\"_ _2\"></span>edge<span class=\"_ _2\"></span>d interes<span class=\"_ _2\"></span>t paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s due un<span class=\"_ _2\"></span>der b<span class=\"_ _2\"></span>oth th<span class=\"_ _2\"></span>e loan a<span class=\"_ _2\"></span>nd interes<span class=\"_ _2\"></span>t rate de<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ives com<span class=\"_ _2\"></span>bine<span class=\"_ _2\"></span>d (see N<span class=\"_ _2\"></span>ote 13 for f<span class=\"_ _2\"></span>urt<span class=\"_ _2\"></span>her d<span class=\"_ _2\"></span>etai<span class=\"_ _2\"></span>ls) assu<span class=\"_ _2\"></span>min<span class=\"_ _2\"></span>g that b<span class=\"_ _2\"></span>oth the d<span class=\"_ _2\"></span>rawn e<span class=\"_ _2\"></span>leme<span class=\"_ _2\"></span>nt of the l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd the n<span class=\"_ _2\"></span>otio<span class=\"_ _2\"></span>nal va<span class=\"_ _2\"></span>lue of t<span class=\"_ _2\"></span>he interes<span class=\"_ _2\"></span>t rate de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tives rem<span class=\"_ _2\"></span>ain un<span class=\"_ _2\"></span>chan<span class=\"_ _2\"></span>ged f<span class=\"_ _2\"></span>rom 30 Ju<span class=\"_ _2\"></span>ne 2025 (30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _1\"></span>) unti<span class=\"_ _2\"></span>l the rep<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt date of th<span class=\"_ _2\"></span>e releva<span class=\"_ _2\"></span>nt loan a<span class=\"_ _2\"></span>nd exp<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>y date of th<span class=\"_ _2\"></span>e rela<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed in<span class=\"_ _2\"></span>terest ra<span class=\"_ _2\"></span>te deriv<span class=\"_ _2\"></span>ative. T<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>terest ra<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>e on a<span class=\"_ _2\"></span>ny unhe<span class=\"_ _2\"></span>dge<span class=\"_ _2\"></span>d elem<span class=\"_ _2\"></span>ent of th<span class=\"_ _2\"></span>e loan<span class=\"_ _2\"></span>s is base<span class=\"_ _2\"></span>d on th<span class=\"_ _2\"></span>e rate of SON<span class=\"_ _2\"></span>IA at 30 Ju<span class=\"_ _2\"></span>ne 2025 (30 J<span class=\"_ _2\"></span>une 202<span class=\"_ _0\"></span>4) p<span class=\"_ _2\"></span>lus th<span class=\"_ _2\"></span>e releva<span class=\"_ _2\"></span>nt lend<span class=\"_ _2\"></span>ing ma<span class=\"_ _2\"></span>rgin. T<span class=\"_ _2\"></span>he com<span class=\"_ _2\"></span>mitm<span class=\"_ _2\"></span>ent fee p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le on th<span class=\"_ _2\"></span>e undr<span class=\"_ _2\"></span>awn ele<span class=\"_ _2\"></span>ment o<span class=\"_ _2\"></span>f any faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y is incl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span>d, whe<span class=\"_ _2\"></span>re app<span class=\"_ _2\"></span>lica<span class=\"_ _2\"></span>ble.<span class=\"_ _231\"> </span>Interest rate risk<span class=\"_ _231\"> </span>So<span class=\"_ _2\"></span>me of th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny\u2019s fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>cial ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are interes<span class=\"_ _2\"></span>t-b<span class=\"_ _2\"></span>eari<span class=\"_ _2\"></span>ng. Inte<span class=\"_ _2\"></span>rest-<span class=\"_ _2\"></span>rate risk is t<span class=\"_ _2\"></span>he ris<span class=\"_ _2\"></span>k that fu<span class=\"_ _2\"></span>ture cas<span class=\"_ _2\"></span>h flows w<span class=\"_ _2\"></span>ill cha<span class=\"_ _2\"></span>nge a<span class=\"_ _2\"></span>dvers<span class=\"_ _2\"></span>ely as a<span class=\"_ _2\"></span> resul<span class=\"_ _0\"></span>t of changes<span class=\"_ _0\"></span> in market<span class=\"_ _0\"></span> inter<span class=\"_ _0\"></span>es<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> rates.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s poli<span class=\"_ _2\"></span>cy is to ho<span class=\"_ _2\"></span>ld cas<span class=\"_ _2\"></span>h in vari<span class=\"_ _2\"></span>able r<span class=\"_ _2\"></span>ate or sho<span class=\"_ _2\"></span>rt-<span class=\"_ _2\"></span>term fi<span class=\"_ _2\"></span>xed rate ba<span class=\"_ _2\"></span>nk accoun<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span>. At 30 Jun<span class=\"_ _2\"></span>e 2025, intere<span class=\"_ _2\"></span>st was b<span class=\"_ _2\"></span>ein<span class=\"_ _2\"></span>g receive<span class=\"_ _2\"></span>d on cas<span class=\"_ _2\"></span>h at a wei<span class=\"_ _2\"></span>ghted ave<span class=\"_ _2\"></span>rage v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble ra<span class=\"_ _2\"></span>te of 1.<span class=\"_ _2\"></span>2 per ce<span class=\"_ _2\"></span>nt (202<span class=\"_ _0\"></span>4: 1.<span class=\"_ _2\"></span>1 per ce<span class=\"_ _2\"></span>nt). Exp<span class=\"_ _2\"></span>osure va<span class=\"_ _2\"></span>ries t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>hout t<span class=\"_ _2\"></span>he pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d as a conse<span class=\"_ _2\"></span>quen<span class=\"_ _2\"></span>ce of chan<span class=\"_ _2\"></span>ges in<span class=\"_ _2\"></span> the co<span class=\"_ _2\"></span>mpos<span class=\"_ _2\"></span>ition o<span class=\"_ _2\"></span>f the ne<span class=\"_ _2\"></span>t asset<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup a<span class=\"_ _2\"></span>risin<span class=\"_ _2\"></span>g out of th<span class=\"_ _2\"></span>e inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt and r<span class=\"_ _2\"></span>isk man<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>oli<span class=\"_ _2\"></span>cies<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span>se bal<span class=\"_ _2\"></span>ances e<span class=\"_ _2\"></span>xpose t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup to cas<span class=\"_ _2\"></span>h flow inte<span class=\"_ _2\"></span>rest rate r<span class=\"_ _2\"></span>isk as th<span class=\"_ _2\"></span>e Group\u2019s i<span class=\"_ _2\"></span>ncome a<span class=\"_ _2\"></span>nd op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing c<span class=\"_ _2\"></span>ash flo<span class=\"_ _2\"></span>ws will b<span class=\"_ _2\"></span>e af<span class=\"_ _2\"></span>fected by m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts in t<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>rket rate of inte<span class=\"_ _2\"></span>rest.<span class=\"_ _231\"> </span>At 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up had \u00a3<span class=\"_ _2\"></span>170,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a31<span class=\"_ _2\"></span>70,000,0<span class=\"_ _2\"></span>00) o<span class=\"_ _2\"></span>f commit<span class=\"_ _2\"></span>ted term l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd revolv<span class=\"_ _2\"></span>ing cred<span class=\"_ _2\"></span>it faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s whi<span class=\"_ _2\"></span>ch were charg<span class=\"_ _2\"></span>ed intere<span class=\"_ _2\"></span>st at a rate of S<span class=\"_ _2\"></span>ONIA p<span class=\"_ _2\"></span>lus th<span class=\"_ _2\"></span>e relevan<span class=\"_ _2\"></span>t margi<span class=\"_ _2\"></span>n. At 30 J<span class=\"_ _2\"></span>une 2025, \u00a392,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 of t<span class=\"_ _2\"></span>he var<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>le rate faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s had b<span class=\"_ _2\"></span>een d<span class=\"_ _2\"></span>rawn d<span class=\"_ _2\"></span>own (202<span class=\"_ _0\"></span>4: \u00a393,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0). The f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate bor<span class=\"_ _2\"></span>rowing<span class=\"_ _2\"></span>s is affe<span class=\"_ _2\"></span>cted by cha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>s in the m<span class=\"_ _2\"></span>arket r<span class=\"_ _2\"></span>ate of the len<span class=\"_ _2\"></span>din<span class=\"_ _2\"></span>g margi<span class=\"_ _2\"></span>n that wo<span class=\"_ _2\"></span>uld ap<span class=\"_ _2\"></span>ply to sim<span class=\"_ _2\"></span>ilar lo<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>. The v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble rate b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs are c<span class=\"_ _2\"></span>arri<span class=\"_ _2\"></span>ed at am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d cost an<span class=\"_ _2\"></span>d the G<span class=\"_ _2\"></span>roup consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>s this to be a cl<span class=\"_ _2\"></span>ose ap<span class=\"_ _2\"></span>proximat<span class=\"_ _2\"></span>ion to fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e at 30 Jun<span class=\"_ _2\"></span>e 2025 and 3<span class=\"_ _2\"></span>0 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4.<span class=\"_ _231\"> </span>At 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up had h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed it<span class=\"_ _2\"></span>s expo<span class=\"_ _2\"></span>sure on \u00a380,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 of t<span class=\"_ _2\"></span>he \u00a392,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 of the d<span class=\"_ _2\"></span>rawn v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble rate b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs (2024<span class=\"_ _0\"></span>: \u00a380,0<span class=\"_ _2\"></span>00,00<span class=\"_ _2\"></span>0 of th<span class=\"_ _2\"></span>e \u00a39<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 of drawn v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble ra<span class=\"_ _2\"></span>te facili<span class=\"_ _2\"></span>ties w<span class=\"_ _2\"></span>as hed<span class=\"_ _2\"></span>ged). On t<span class=\"_ _2\"></span>he unh<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed va<span class=\"_ _2\"></span>riab<span class=\"_ _2\"></span>le rate bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs, in<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>eres<span class=\"_ _2\"></span>t is paya<span class=\"_ _2\"></span>ble at a va<span class=\"_ _2\"></span>riab<span class=\"_ _2\"></span>le rate equ<span class=\"_ _2\"></span>al to SON<span class=\"_ _2\"></span>IA plus t<span class=\"_ _2\"></span>he wei<span class=\"_ _2\"></span>ghted ave<span class=\"_ _2\"></span>rage l<span class=\"_ _2\"></span>endi<span class=\"_ _2\"></span>ng ma<span class=\"_ _2\"></span>rgin, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>isati<span class=\"_ _2\"></span>on of cost<span class=\"_ _2\"></span>s, of 2.4<span class=\"_ _2\"></span>6 per ce<span class=\"_ _2\"></span>nt per a<span class=\"_ _2\"></span>nnum<span class=\"_ _2\"></span> (202<span class=\"_ _0\"></span>4: 2.4<span class=\"_ _2\"></span>6 per cen<span class=\"_ _2\"></span>t). The va<span class=\"_ _2\"></span>riab<span class=\"_ _2\"></span>le rate b<span class=\"_ _2\"></span>orrowin<span class=\"_ _2\"></span>gs exp<span class=\"_ _2\"></span>ose th<span class=\"_ _2\"></span>e Group to c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ow interest r<span class=\"_ _2\"></span>ate risk as t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s incom<span class=\"_ _2\"></span>e and o<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>atin<span class=\"_ _2\"></span>g cash flo<span class=\"_ _2\"></span>ws will b<span class=\"_ _2\"></span>e af<span class=\"_ _2\"></span>fected by m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts in t<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>rket rate of inte<span class=\"_ _2\"></span>rest.<span class=\"_ _231\"> </span>At 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up had f<span class=\"_ _2\"></span>ixed r<span class=\"_ _2\"></span>ate t<span class=\"_ _1\"></span>erm l<span class=\"_ _2\"></span>oans tot<span class=\"_ _2\"></span>allin<span class=\"_ _2\"></span>g \u00a315<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a31<span class=\"_ _2\"></span>50,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0) and h<span class=\"_ _2\"></span>ad he<span class=\"_ _2\"></span>dge<span class=\"_ _2\"></span>d its ex<span class=\"_ _2\"></span>posure to in<span class=\"_ _2\"></span>creases<span class=\"_ _2\"></span> in inte<span class=\"_ _2\"></span>rest rates o<span class=\"_ _2\"></span>n \u00a380,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a380,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00) of th<span class=\"_ _2\"></span>e var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate loan<span class=\"_ _2\"></span>s, as refer<span class=\"_ _2\"></span>red to above, t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h enteri<span class=\"_ _2\"></span>ng into a \u00a330<span class=\"_ _2\"></span>,000,<span class=\"_ _2\"></span>000<span class=\"_ _2\"></span> fixe<span class=\"_ _2\"></span>d rate intere<span class=\"_ _2\"></span>st rate sw<span class=\"_ _2\"></span>ap an<span class=\"_ _2\"></span>d a \u00a350,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 interes<span class=\"_ _2\"></span>t rate cap a<span class=\"_ _2\"></span>t 3.0 pe<span class=\"_ _2\"></span>r cent. Fi<span class=\"_ _2\"></span>xing t<span class=\"_ _2\"></span>he interes<span class=\"_ _2\"></span>t rate exp<span class=\"_ _2\"></span>oses t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up to fair v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> interes<span class=\"_ _2\"></span>t rate ris<span class=\"_ _2\"></span>k as the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e fixe<span class=\"_ _2\"></span>d rate bor<span class=\"_ _2\"></span>rowing<span class=\"_ _2\"></span>s, or t<span class=\"_ _2\"></span>he fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of the i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative us<span class=\"_ _2\"></span>ed to fix t<span class=\"_ _2\"></span>he intere<span class=\"_ _2\"></span>st rate on a<span class=\"_ _2\"></span>n oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>wise v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble rate lo<span class=\"_ _2\"></span>an, wi<span class=\"_ _2\"></span>ll be af<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>ted by movem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s in the m<span class=\"_ _2\"></span>arket r<span class=\"_ _2\"></span>ate of interest<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e \u00a3150,<span class=\"_ _2\"></span>000,<span class=\"_ _2\"></span>000 f<span class=\"_ _2\"></span>ixed r<span class=\"_ _2\"></span>ate t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>rm loa<span class=\"_ _2\"></span>ns are ca<span class=\"_ _2\"></span>rrie<span class=\"_ _2\"></span>d at am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tised cos<span class=\"_ _2\"></span>t on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s bala<span class=\"_ _2\"></span>nce she<span class=\"_ _2\"></span>et, wi<span class=\"_ _2\"></span>th the e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e and cos<span class=\"_ _2\"></span>t of repaym<span class=\"_ _2\"></span>ent b<span class=\"_ _2\"></span>eing d<span class=\"_ _2\"></span>isclose<span class=\"_ _2\"></span>d in Note 1<span class=\"_ _2\"></span>3, wh<span class=\"_ _2\"></span>ereas th<span class=\"_ _2\"></span>e fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e of the i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s are recogn<span class=\"_ _2\"></span>ised d<span class=\"_ _2\"></span>irect<span class=\"_ _2\"></span>ly on th<span class=\"_ _2\"></span>e Group\u2019s b<span class=\"_ _2\"></span>alan<span class=\"_ _2\"></span>ce she<span class=\"_ _2\"></span>et. At 30 J<span class=\"_ _2\"></span>une 2025 th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s interest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vativ<span class=\"_ _2\"></span>es, wh<span class=\"_ _2\"></span>ich ha<span class=\"_ _2\"></span>d a fair v<span class=\"_ _2\"></span>alue of \u00a3<span class=\"_ _2\"></span>572,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>2,820,0<span class=\"_ _2\"></span>00) an<span class=\"_ _2\"></span>d hed<span class=\"_ _2\"></span>ged a n<span class=\"_ _2\"></span>otio<span class=\"_ _2\"></span>nal va<span class=\"_ _2\"></span>lue of \u00a380,0<span class=\"_ _2\"></span>00,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a380,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00), a<span class=\"_ _2\"></span>nd its f<span class=\"_ _2\"></span>ixed r<span class=\"_ _2\"></span>ate t<span class=\"_ _1\"></span>erm l<span class=\"_ _2\"></span>oans of \u00a3<span class=\"_ _2\"></span>150,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>150,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00) we<span class=\"_ _2\"></span>re expo<span class=\"_ _2\"></span>sed to fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate ris<span class=\"_ _2\"></span>k. At 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _2\"></span>, an increa<span class=\"_ _2\"></span>se of 0.<span class=\"_ _2\"></span>25 pe<span class=\"_ _2\"></span>r cent in intere<span class=\"_ _2\"></span>st rates wo<span class=\"_ _2\"></span>uld hav<span class=\"_ _2\"></span>e increase<span class=\"_ _2\"></span>d the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate der<span class=\"_ _2\"></span>ivat<span class=\"_ _2\"></span>ive ass<span class=\"_ _2\"></span>ets an<span class=\"_ _2\"></span>d increa<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>e othe<span class=\"_ _2\"></span>r compre<span class=\"_ _2\"></span>hens<span class=\"_ _2\"></span>ive inco<span class=\"_ _2\"></span>me an<span class=\"_ _2\"></span>d repor<span class=\"_ _2\"></span>ted tot<span class=\"_ _2\"></span>al comp<span class=\"_ _2\"></span>rehen<span class=\"_ _2\"></span>sive in<span class=\"_ _2\"></span>come for t<span class=\"_ _2\"></span>he year by \u00a365,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>235,0<span class=\"_ _2\"></span>00). Th<span class=\"_ _2\"></span>e sam<span class=\"_ _2\"></span>e increas<span class=\"_ _2\"></span>e in interes<span class=\"_ _2\"></span>t rates wo<span class=\"_ _2\"></span>uld have d<span class=\"_ _2\"></span>ecrease<span class=\"_ _2\"></span>d the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e fixe<span class=\"_ _2\"></span>d rate term lo<span class=\"_ _2\"></span>ans by an a<span class=\"_ _2\"></span>ggreg<span class=\"_ _2\"></span>ate of \u00a32,047<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a32,<span class=\"_ _2\"></span>22<span class=\"_ _2\"></span>1,0<span class=\"_ _2\"></span>00); howeve<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>, as th<span class=\"_ _2\"></span>e fixe<span class=\"_ _2\"></span>d rate loan i<span class=\"_ _2\"></span>s held a<span class=\"_ _2\"></span>t amor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>ed cost<span class=\"_ _2\"></span>, the rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ted tota<span class=\"_ _2\"></span>l compre<span class=\"_ _2\"></span>hens<span class=\"_ _2\"></span>ive inco<span class=\"_ _2\"></span>me for th<span class=\"_ _2\"></span>e year wou<span class=\"_ _2\"></span>ld have rema<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>d uncha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>d. A de<span class=\"_ _2\"></span>crease in inte<span class=\"_ _2\"></span>rest rate<span class=\"_ _2\"></span>s would h<span class=\"_ _2\"></span>ave had a<span class=\"_ _2\"></span>n app<span class=\"_ _2\"></span>ro<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>imatel<span class=\"_ _2\"></span>y equa<span class=\"_ _2\"></span>l and o<span class=\"_ _2\"></span>ppos<span class=\"_ _2\"></span>ite effe<span class=\"_ _2\"></span>ct. Fur<span class=\"_ _2\"></span>ther d<span class=\"_ _2\"></span>etai<span class=\"_ _2\"></span>ls on t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs are det<span class=\"_ _2\"></span>aile<span class=\"_ _2\"></span>d in Note 1<span class=\"_ _2\"></span>3 and cha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>s subse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>nt to the year e<span class=\"_ _2\"></span>nd are d<span class=\"_ _2\"></span>etai<span class=\"_ _2\"></span>led in No<span class=\"_ _2\"></span>te 20.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e follow<span class=\"_ _2\"></span>ing ta<span class=\"_ _2\"></span>ble se<span class=\"_ _2\"></span>ts out t<span class=\"_ _2\"></span>he ca<span class=\"_ _2\"></span>rr<span class=\"_ _2\"></span>yin<span class=\"_ _2\"></span>g amo<span class=\"_ _2\"></span>unt of th<span class=\"_ _2\"></span>e Group\u2019s f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s tha<span class=\"_ _2\"></span>t are exp<span class=\"_ _2\"></span>osed to cas<span class=\"_ _2\"></span>h flow in<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>eres<span class=\"_ _2\"></span>t rate risk<span class=\"_ _2\"></span>:<span class=\"_ _231\"> </span><table class=\"s w2e9 hd7\" id=\"_f726dbd3-e434-45f6-ab0e-7967bfe97826\"><tr><td></td><td></td><td class=\"c n x48d y199d w2ea hc3\"><div class=\"t m0 x154 hd y1889 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t 30 Jun<span class=\"_ _2\"></span>e 2025<span class=\"_ _231\"> </span></div></td><td></td><td class=\"c n x48e y199d w2eb hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at 30 J<span class=\"_ _2\"></span>une 20<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x48f h1d y199e ff24 fs8 fc1 sc0 ls52 ws155\">Fixed r<span class=\"_ _2\"></span>ate<span class=\"_ _231\"> </span></td><td class=\"t m0 x490 h1d y199e ff24 fs8 fc1 sc0 ls53 ws50\">Variable rate<span class=\"_ _231\"> </span></td><td class=\"t m0 x431 hd y199e ff25 fs8 fc1 sc0 ls141 ws16b\">Fix<span class=\"_ _2\"></span>ed ra<span class=\"_ _2\"></span>te<span class=\"_ _231\"> </span></td><td class=\"t m0 x491 hd y199e ff25 fs8 fc1 sc0 ls1d ws18\">Vari<span class=\"_ _1\"></span>able ra<span class=\"_ _1\"></span>te<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x160 h1d y199f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 h1d y199f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y199f ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y199f ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1924 wa3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _231\"> </span></div></td><td class=\"c n x492 y1924 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x493 y1924 wa5 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">39,639<span class=\"_ _231\"> </span></div></td><td class=\"c n x494 y1924 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x495 y1924 wa6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">38,884<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w9c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>e derivatives<span class=\"_ _231\"> </span></div></td><td class=\"c n x496 y1925 wa2 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls2f ws62\">572<span class=\"_ _231\"> </span></div></td><td class=\"c n x497 y1925 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x498 y1925 w9d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsac ws9f\">2,<span class=\"_ _2\"></span>820<span class=\"_ _231\"> </span></div></td><td class=\"c n x499 y1925 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 wac haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws44\">Loans<span class=\"_ _231\"> </span></div></td><td class=\"c n x49a y18e4 w2ec hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(230,00<span class=\"_ _2\"></span>0)<span class=\"_ _231\"> </span></div></td><td class=\"c n x49b y18e4 w2ed hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls63 ws64\">(12,000)<span class=\"_ _231\"> </span></div></td><td class=\"c n x49c y18e4 w2ee haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">(230,0<span class=\"_ _2\"></span>00)<span class=\"_ _231\"> </span></div></td><td class=\"c n x49d y18e4 w29f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls14d ws77\">(13,<span class=\"_ _0\"></span>000)<span class=\"_ _231\"> </span></div></td></tr><tr><td></td><td class=\"c n x333 y18da w2ef hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(229,428)<span class=\"_ _231\"> </span></div></td><td class=\"c n x49e y18da w2f0 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">2<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _2\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x49f y18da w2f1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">(227<span class=\"_ _0\"></span>,180)<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a0 y18da w2f2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">25,884<span class=\"_ _231\"> </span></div></td></tr></table>Bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s expos<span class=\"_ _2\"></span>ure to cash f<span class=\"_ _2\"></span>low interes<span class=\"_ _2\"></span>t rate risk<span class=\"_ _2\"></span>, an in<span class=\"_ _2\"></span>crease of 0.<span class=\"_ _2\"></span>25 p<span class=\"_ _2\"></span>er cent in i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ates would h<span class=\"_ _2\"></span>ave increa<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>e repo<span class=\"_ _2\"></span>rted p<span class=\"_ _2\"></span>rofit<span class=\"_ _2\"></span> for th<span class=\"_ _2\"></span>e year an<span class=\"_ _2\"></span>d the n<span class=\"_ _2\"></span>et asse<span class=\"_ _2\"></span>ts at th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>d by \u00a3<span class=\"_ _0\"></span>69,0<span class=\"_ _2\"></span>00 (202<span class=\"_ _1\"></span>4: \u00a3<span class=\"_ _0\"></span>65<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0), a decreas<span class=\"_ _2\"></span>e in interes<span class=\"_ _2\"></span>t rates wo<span class=\"_ _2\"></span>uld have a<span class=\"_ _2\"></span>n equ<span class=\"_ _2\"></span>al and o<span class=\"_ _2\"></span>pp<span class=\"_ _2\"></span>osite effe<span class=\"_ _2\"></span>ct.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>ese m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts are c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ated base<span class=\"_ _2\"></span>d on ba<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>ces as at 30 Ju<span class=\"_ _2\"></span>ne 2025 (30 J<span class=\"_ _2\"></span>une 2024) and may n<span class=\"_ _2\"></span>ot be ref<span class=\"_ _2\"></span>lect<span class=\"_ _2\"></span>ive of ac<span class=\"_ _2\"></span>tual f<span class=\"_ _2\"></span>uture con<span class=\"_ _2\"></span>ditio<span class=\"_ _2\"></span>ns.<span class=\"_ _231\"> </span>Market p<span class=\"_ _2\"></span>rice risk<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent of m<span class=\"_ _2\"></span>arket pr<span class=\"_ _2\"></span>ice risk i<span class=\"_ _2\"></span>s par<span class=\"_ _2\"></span>t of the i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment m<span class=\"_ _2\"></span>anag<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt proces<span class=\"_ _2\"></span>s and i<span class=\"_ _2\"></span>s ty<span class=\"_ _2\"></span>pica<span class=\"_ _2\"></span>l of a prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment co<span class=\"_ _2\"></span>mpany. Th<span class=\"_ _2\"></span>e por<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio<span class=\"_ _2\"></span> is ma<span class=\"_ _2\"></span>nag<span class=\"_ _2\"></span>ed with a<span class=\"_ _2\"></span>n aware<span class=\"_ _2\"></span>ness o<span class=\"_ _2\"></span>f the ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>s of ad<span class=\"_ _2\"></span>verse v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>ion m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts th<span class=\"_ _2\"></span>rough d<span class=\"_ _2\"></span>etai<span class=\"_ _2\"></span>led an<span class=\"_ _2\"></span>d contin<span class=\"_ _2\"></span>uing a<span class=\"_ _2\"></span>naly<span class=\"_ _2\"></span>sis, w<span class=\"_ _2\"></span>ith an o<span class=\"_ _2\"></span>bjec<span class=\"_ _2\"></span>tive of<span class=\"_ _2\"></span> maximising<span class=\"_ _0\"></span> overall r<span class=\"_ _0\"></span>eturns t<span class=\"_ _0\"></span>o shareholders. In<span class=\"_ _0\"></span>vestments in pr<span class=\"_ _0\"></span>op<span class=\"_ _2\"></span>erty and propert<span class=\"_ _2\"></span>y-relat<span class=\"_ _0\"></span>ed assets are<span class=\"_ _0\"></span> inherently<span class=\"_ _0\"></span> dif<span class=\"_ _2\"></span>fic<span class=\"_ _1\"></span>ult t<span class=\"_ _0\"></span>o value due<span class=\"_ _0\"></span> to the i<span class=\"_ _1\"></span>ndividual natu<span class=\"_ _2\"></span>re of each pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. A<span class=\"_ _2\"></span>s a resu<span class=\"_ _2\"></span>lt, va<span class=\"_ _2\"></span>luati<span class=\"_ _2\"></span>ons are su<span class=\"_ _2\"></span>bjec<span class=\"_ _2\"></span>t to subst<span class=\"_ _2\"></span>anti<span class=\"_ _2\"></span>al unce<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>y<span class=\"_ _1\"></span>. Th<span class=\"_ _2\"></span>ere is no a<span class=\"_ _2\"></span>ssur<span class=\"_ _2\"></span>ance th<span class=\"_ _2\"></span>at the es<span class=\"_ _2\"></span>tima<span class=\"_ _2\"></span>tes result<span class=\"_ _2\"></span>ing fro<span class=\"_ _2\"></span>m the<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>n proces<span class=\"_ _2\"></span>s will ref<span class=\"_ _2\"></span>lec<span class=\"_ _2\"></span>t the ac<span class=\"_ _2\"></span>tual s<span class=\"_ _2\"></span>ales p<span class=\"_ _2\"></span>rice eve<span class=\"_ _2\"></span>n where s<span class=\"_ _2\"></span>uch sa<span class=\"_ _2\"></span>les occur s<span class=\"_ _2\"></span>hor<span class=\"_ _2\"></span>tly af<span class=\"_ _2\"></span>ter th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n date. Such r<span class=\"_ _2\"></span>isk is mi<span class=\"_ _2\"></span>nimis<span class=\"_ _2\"></span>ed thro<span class=\"_ _2\"></span>ugh th<span class=\"_ _2\"></span>e ap<span class=\"_ _2\"></span>point<span class=\"_ _2\"></span>ment o<span class=\"_ _2\"></span>f exter<span class=\"_ _2\"></span>nal pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y valu<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span>. The b<span class=\"_ _2\"></span>asis of v<span class=\"_ _2\"></span>aluati<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfol<span class=\"_ _2\"></span>io is set o<span class=\"_ _2\"></span>ut in det<span class=\"_ _2\"></span>ail in t<span class=\"_ _2\"></span>he accoun<span class=\"_ _2\"></span>ting p<span class=\"_ _2\"></span>olici<span class=\"_ _2\"></span>es an<span class=\"_ _2\"></span>d Note 9.<span class=\"_ _231\"> </span>A<span class=\"_ _2\"></span>s set out in N<span class=\"_ _2\"></span>ote 9, the ex<span class=\"_ _2\"></span>terna<span class=\"_ _2\"></span>l valu<span class=\"_ _2\"></span>ers are m<span class=\"_ _2\"></span>indf<span class=\"_ _2\"></span>ul of th<span class=\"_ _2\"></span>e potenti<span class=\"_ _2\"></span>al imp<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s ESG may h<span class=\"_ _2\"></span>ave on ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l and re<span class=\"_ _2\"></span>ntal v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span>. Current<span class=\"_ _2\"></span>ly in th<span class=\"_ _2\"></span>e UK<span class=\"_ _2\"></span>, de<span class=\"_ _2\"></span>mand<span class=\"_ _2\"></span>s for more p<span class=\"_ _2\"></span>recise an<span class=\"_ _2\"></span>d rig<span class=\"_ _2\"></span>orous va<span class=\"_ _2\"></span>luati<span class=\"_ _2\"></span>on of sus<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>nabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y features h<span class=\"_ _2\"></span>ave grown; how<span class=\"_ _2\"></span>ever<span class=\"_ _0\"></span>, t<span class=\"_ _2\"></span>here is s<span class=\"_ _2\"></span>till a ga<span class=\"_ _2\"></span>p in the e<span class=\"_ _2\"></span>xact k<span class=\"_ _2\"></span>nowle<span class=\"_ _2\"></span>dge of h<span class=\"_ _2\"></span>ow to valu<span class=\"_ _2\"></span>e sust<span class=\"_ _2\"></span>aina<span class=\"_ _2\"></span>bil<span class=\"_ _2\"></span>ity fea<span class=\"_ _2\"></span>tures to ap<span class=\"_ _2\"></span>propr<span class=\"_ _2\"></span>iately ref<span class=\"_ _2\"></span>lect a \u2018gre<span class=\"_ _2\"></span>en prem<span class=\"_ _2\"></span>ium\u2019 or \u2018<span class=\"_ _2\"></span>brow<span class=\"_ _2\"></span>n discoun<span class=\"_ _2\"></span>t\u2019. Sentim<span class=\"_ _2\"></span>ent is s<span class=\"_ _2\"></span>hif<span class=\"_ _2\"></span>ting tow<span class=\"_ _2\"></span>ards a focus o<span class=\"_ _2\"></span>n ene<span class=\"_ _2\"></span>rgy use,<span class=\"_ _2\"></span> ensuring buil<span class=\"_ _0\"></span>dings meet envir<span class=\"_ _0\"></span>onmental energy e<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>ficiency standard<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> with regulati<span class=\"_ _1\"></span>on being tigh<span class=\"_ _0\"></span>tened to<span class=\"_ _0\"></span> meet the UK go<span class=\"_ _0\"></span>vernment\u2019s \u2018<span class=\"_ _0\"></span>net zer<span class=\"_ _0\"></span>o carbon\u2019 target.<span class=\"_ _1\"></span> The more<span class=\"_ _1\"></span> stringent Minimum<span class=\"_ _0\"></span> Energy E<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>ficiency S<span class=\"_ _0\"></span>tandards\u2019<span class=\"_ _0\"></span> regulations wil<span class=\"_ _0\"></span>l require<span class=\"_ _0\"></span> landlords, especi<span class=\"_ _1\"></span>ally tho<span class=\"_ _0\"></span>se whose pr<span class=\"_ _0\"></span>op<span class=\"_ _2\"></span>erties do no<span class=\"_ _0\"></span>t meet the M<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>um Ene<span class=\"_ _2\"></span>rgy Eff<span class=\"_ _2\"></span>icie<span class=\"_ _2\"></span>ncy St<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ards\u2019 regul<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns, to inve<span class=\"_ _2\"></span>st fu<span class=\"_ _2\"></span>rth<span class=\"_ _2\"></span>er in t<span class=\"_ _2\"></span>heir p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es. I<span class=\"_ _2\"></span>n add<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>, the U<span class=\"_ _2\"></span>K\u2019s intro<span class=\"_ _2\"></span>duc<span class=\"_ _2\"></span>tion of m<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ator<span class=\"_ _2\"></span>y clima<span class=\"_ _2\"></span>te rela<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed di<span class=\"_ _2\"></span>sclosu<span class=\"_ _2\"></span>res and t<span class=\"_ _2\"></span>he Europ<span class=\"_ _2\"></span>ean Uni<span class=\"_ _2\"></span>on\u2019s Sus<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>nabl<span class=\"_ _2\"></span>e Finan<span class=\"_ _2\"></span>ce Discl<span class=\"_ _2\"></span>osure Reg<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>ons ma<span class=\"_ _2\"></span>y impa<span class=\"_ _2\"></span>ct on as<span class=\"_ _2\"></span>set va<span class=\"_ _2\"></span>lues<span class=\"_ _2\"></span>, or how t<span class=\"_ _2\"></span>he mar<span class=\"_ _2\"></span>ket view<span class=\"_ _2\"></span>s risks<span class=\"_ _0\"></span> and<span class=\"_ _1\"></span> inc<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>them i<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>sale <span class=\"_ _0\"></span>or le<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>ng of<span class=\"_ _0\"></span> asse<span class=\"_ _0\"></span>ts<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>ere is al<span class=\"_ _2\"></span>so th<span class=\"_ _2\"></span>e potenti<span class=\"_ _2\"></span>al tha<span class=\"_ _2\"></span>t future le<span class=\"_ _2\"></span>gisl<span class=\"_ _2\"></span>ative cha<span class=\"_ _2\"></span>nge, s<span class=\"_ _2\"></span>uch as an u<span class=\"_ _2\"></span>pdate to th<span class=\"_ _2\"></span>e Min<span class=\"_ _2\"></span>imum En<span class=\"_ _2\"></span>ergy Ef<span class=\"_ _2\"></span>fici<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y Stan<span class=\"_ _2\"></span>dards o<span class=\"_ _2\"></span>r the int<span class=\"_ _2\"></span>rodu<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n of an op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l ratin<span class=\"_ _2\"></span>g, may i<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ct fut<span class=\"_ _2\"></span>ure prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty va<span class=\"_ _2\"></span>luati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Any ch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>es in ma<span class=\"_ _2\"></span>rket cond<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>s will d<span class=\"_ _2\"></span>irectl<span class=\"_ _2\"></span>y affe<span class=\"_ _2\"></span>ct the p<span class=\"_ _2\"></span>rofit an<span class=\"_ _2\"></span>d loss re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ted th<span class=\"_ _2\"></span>rough t<span class=\"_ _2\"></span>he Statem<span class=\"_ _2\"></span>ent of Com<span class=\"_ _2\"></span>preh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e. Det<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup\u2019s in<span class=\"_ _2\"></span>vestm<span class=\"_ _2\"></span>ent pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y por<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>folio h<span class=\"_ _2\"></span>eld at th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet date are d<span class=\"_ _2\"></span>isclose<span class=\"_ _2\"></span>d in Note 9. A 10 per ce<span class=\"_ _2\"></span>nt increas<span class=\"_ _2\"></span>e in the c<span class=\"_ _2\"></span>arr<span class=\"_ _2\"></span>yi<span class=\"_ _2\"></span>ng va<span class=\"_ _2\"></span>lue of the i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es as at 30 J<span class=\"_ _2\"></span>une 2025 (3<span class=\"_ _2\"></span>0 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4) wou<span class=\"_ _2\"></span>ld have in<span class=\"_ _2\"></span>creased n<span class=\"_ _2\"></span>et asse<span class=\"_ _2\"></span>ts ava<span class=\"_ _2\"></span>ilab<span class=\"_ _2\"></span>le to sha<span class=\"_ _2\"></span>rehol<span class=\"_ _2\"></span>ders a<span class=\"_ _2\"></span>nd in<span class=\"_ _2\"></span>creased t<span class=\"_ _2\"></span>he net inco<span class=\"_ _2\"></span>me for th<span class=\"_ _2\"></span>e year by \u00a384<span class=\"_ _2\"></span>,043,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a383,1<span class=\"_ _2\"></span>57<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0)<span class=\"_ _1\"></span>; an e<span class=\"_ _2\"></span>qual a<span class=\"_ _2\"></span>nd op<span class=\"_ _2\"></span>posite m<span class=\"_ _2\"></span>ovemen<span class=\"_ _2\"></span>t would h<span class=\"_ _2\"></span>ave decrea<span class=\"_ _2\"></span>sed ne<span class=\"_ _2\"></span>t asset<span class=\"_ _2\"></span>s and d<span class=\"_ _2\"></span>ecrease<span class=\"_ _2\"></span>d the n<span class=\"_ _2\"></span>et inco<span class=\"_ _2\"></span>me by an e<span class=\"_ _2\"></span>quiv<span class=\"_ _2\"></span>alent a<span class=\"_ _2\"></span>mou<span class=\"_ _2\"></span>nt.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e calcu<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>ons are ba<span class=\"_ _2\"></span>sed on t<span class=\"_ _2\"></span>he inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>ions at t<span class=\"_ _2\"></span>he resp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>ive ba<span class=\"_ _2\"></span>lance sh<span class=\"_ _2\"></span>eet da<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>e an<span class=\"_ _2\"></span>d may not b<span class=\"_ _2\"></span>e refle<span class=\"_ _2\"></span>ctive of f<span class=\"_ _2\"></span>uture market<span class=\"_ _1\"></span> conditions.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-389": {
   "value": "15. Share capital<span class=\"_ _231\"> </span><table class=\"s w2bf hd2\" id=\"_c928797c-8aab-4783-b9cc-0889af2a2e7a\"><tr><td></td><td class=\"t m0 x32a hd y1989 ff25 fs8 fc1 sc0 ls1d ws18\">Number of<span class=\"_ _0\"></span> </td><td></td></tr><tr><td class=\"t m0 x164 hd y198a ff25 fs8 fc1 sc0 ls1c ws1\">Al<span class=\"_ _2\"></span>lot<span class=\"_ _2\"></span>ted, c<span class=\"_ _2\"></span>alle<span class=\"_ _2\"></span>d-<span class=\"_ _2\"></span>up a<span class=\"_ _2\"></span>nd fu<span class=\"_ _2\"></span>lly p<span class=\"_ _2\"></span>aid o<span class=\"_ _2\"></span>rdin<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y sha<span class=\"_ _2\"></span>res of \u00a30.01 e<span class=\"_ _2\"></span>ach<span class=\"_ _231\"> </span></td><td class=\"c n x428 y198b w2c0 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls71 ws174\">shares<span class=\"_ _231\"> </span></div></td><td class=\"c n x429 y198b w2c1 hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w2c2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Bal<span class=\"_ _2\"></span>ance as a<span class=\"_ _2\"></span>t 30 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4 an<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025<span class=\"_ _231\"> </span></div></td><td class=\"c n x42a y18da w2c3 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">62<span class=\"_ _2\"></span>0,237<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>346<span class=\"_ _231\"> </span></div></td><td class=\"c n x42b y18da w2c4 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">6,<span class=\"_ _2\"></span>202<span class=\"_ _231\"> </span></div></td></tr></table>Un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any\u2019s A<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>cles of A<span class=\"_ _2\"></span>sso<span class=\"_ _2\"></span>ciatio<span class=\"_ _2\"></span>n, th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any may is<span class=\"_ _2\"></span>sue an u<span class=\"_ _2\"></span>nlim<span class=\"_ _2\"></span>ited num<span class=\"_ _2\"></span>ber of o<span class=\"_ _2\"></span>rdina<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>y share<span class=\"_ _2\"></span>s. Ord<span class=\"_ _2\"></span>inar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>areho<span class=\"_ _2\"></span>lde<span class=\"_ _2\"></span>rs are ent<span class=\"_ _2\"></span>itled to al<span class=\"_ _2\"></span>l divi<span class=\"_ _2\"></span>den<span class=\"_ _2\"></span>ds decl<span class=\"_ _2\"></span>ared by th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any an<span class=\"_ _2\"></span>d to all of the Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ny\u2019s ass<span class=\"_ _2\"></span>ets af<span class=\"_ _2\"></span>ter rep<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt of its b<span class=\"_ _2\"></span>orrow<span class=\"_ _2\"></span>ings a<span class=\"_ _2\"></span>nd ordi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y credi<span class=\"_ _2\"></span>tors.<span class=\"_ _2\"></span> Ord<span class=\"_ _2\"></span>inar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>areho<span class=\"_ _2\"></span>lder<span class=\"_ _2\"></span>s have th<span class=\"_ _2\"></span>e righ<span class=\"_ _2\"></span>t to vot<span class=\"_ _0\"></span>e a<span class=\"_ _2\"></span>t meet<span class=\"_ _2\"></span>ings of t<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany. All ordi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y sh<span class=\"_ _2\"></span>ares ca<span class=\"_ _2\"></span>rr<span class=\"_ _2\"></span>y equ<span class=\"_ _2\"></span>al votin<span class=\"_ _2\"></span>g rig<span class=\"_ _2\"></span>hts<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Du<span class=\"_ _2\"></span>ring t<span class=\"_ _2\"></span>he year to 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _2\"></span>, the Com<span class=\"_ _2\"></span>pany d<span class=\"_ _2\"></span>id not is<span class=\"_ _2\"></span>sue a<span class=\"_ _2\"></span>ny ordin<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y share<span class=\"_ _2\"></span>s (202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he Co<span class=\"_ _2\"></span>mpany d<span class=\"_ _2\"></span>id not re<span class=\"_ _2\"></span>purchas<span class=\"_ _2\"></span>e any ordi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y sha<span class=\"_ _2\"></span>res into treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y (202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>) or rese<span class=\"_ _2\"></span>ll any o<span class=\"_ _2\"></span>rdinar<span class=\"_ _2\"></span>y s<span class=\"_ _2\"></span>hares f<span class=\"_ _2\"></span>rom treasu<span class=\"_ _2\"></span>ry (<span class=\"_ _2\"></span>202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>. At 3<span class=\"_ _2\"></span>0 June 2025<span class=\"_ _2\"></span>, the Co<span class=\"_ _2\"></span>mpan<span class=\"_ _2\"></span>y did not h<span class=\"_ _2\"></span>old a<span class=\"_ _2\"></span>ny share<span class=\"_ _2\"></span>s in treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y (202<span class=\"_ _0\"></span>4: nil<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-390": {
   "value": "Capital managem<span class=\"_ _2\"></span>ent<span class=\"_ _231\"> </span>The Group\u2019<span class=\"_ _0\"></span>s capital is<span class=\"_ _0\"></span> represent<span class=\"_ _0\"></span>ed by t<span class=\"_ _1\"></span>he shar<span class=\"_ _0\"></span>e capital, share<span class=\"_ _0\"></span> premium, merger<span class=\"_ _1\"></span> reserve,<span class=\"_ _1\"></span> distributable<span class=\"_ _0\"></span> reser<span class=\"_ _2\"></span>ve<span class=\"_ _0\"></span>, hedging reserve,<span class=\"_ _1\"></span> capital r<span class=\"_ _0\"></span>eser<span class=\"_ _2\"></span>ve, reven<span class=\"_ _2\"></span>ue rese<span class=\"_ _2\"></span>rve a<span class=\"_ _2\"></span>nd lon<span class=\"_ _2\"></span>g-<span class=\"_ _2\"></span>term b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs<span class=\"_ _2\"></span>. The G<span class=\"_ _2\"></span>roup is n<span class=\"_ _2\"></span>ot subj<span class=\"_ _2\"></span>ect to any e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span>-i<span class=\"_ _2\"></span>mpos<span class=\"_ _2\"></span>ed cap<span class=\"_ _2\"></span>ital re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s, ot<span class=\"_ _2\"></span>her th<span class=\"_ _2\"></span>an th<span class=\"_ _2\"></span>e fina<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> covena<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>n its lo<span class=\"_ _2\"></span>an faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s as det<span class=\"_ _2\"></span>aile<span class=\"_ _2\"></span>d in Note 13<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e cap<span class=\"_ _2\"></span>ital of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up is ma<span class=\"_ _2\"></span>nage<span class=\"_ _2\"></span>d in accord<span class=\"_ _2\"></span>ance wit<span class=\"_ _2\"></span>h its inv<span class=\"_ _2\"></span>estm<span class=\"_ _2\"></span>ent po<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>, in p<span class=\"_ _2\"></span>ursu<span class=\"_ _2\"></span>it of its i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment o<span class=\"_ _2\"></span>bjec<span class=\"_ _2\"></span>tive.<span class=\"_ _2\"></span> Capital risk management<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e obj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve of the G<span class=\"_ _2\"></span>roup is to p<span class=\"_ _2\"></span>rovide o<span class=\"_ _2\"></span>rdina<span class=\"_ _2\"></span>ry s<span class=\"_ _2\"></span>hareh<span class=\"_ _2\"></span>olde<span class=\"_ _2\"></span>rs wit<span class=\"_ _2\"></span>h an at<span class=\"_ _2\"></span>trac<span class=\"_ _2\"></span>tive leve<span class=\"_ _2\"></span>l of inco<span class=\"_ _2\"></span>me toget<span class=\"_ _2\"></span>her w<span class=\"_ _2\"></span>ith the p<span class=\"_ _2\"></span>otenti<span class=\"_ _2\"></span>al for in<span class=\"_ _2\"></span>come an<span class=\"_ _2\"></span>d cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l growt<span class=\"_ _2\"></span>h from inve<span class=\"_ _2\"></span>stin<span class=\"_ _2\"></span>g in a dive<span class=\"_ _2\"></span>rsif<span class=\"_ _2\"></span>ied p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfol<span class=\"_ _2\"></span>io of free<span class=\"_ _2\"></span>hold a<span class=\"_ _2\"></span>nd lo<span class=\"_ _2\"></span>ng leas<span class=\"_ _2\"></span>ehol<span class=\"_ _2\"></span>d care ho<span class=\"_ _2\"></span>mes t<span class=\"_ _2\"></span>hat are let to ca<span class=\"_ _2\"></span>re hom<span class=\"_ _2\"></span>e ope<span class=\"_ _2\"></span>rators; an<span class=\"_ _2\"></span>d oth<span class=\"_ _2\"></span>er hea<span class=\"_ _2\"></span>lthc<span class=\"_ _2\"></span>are asset<span class=\"_ _2\"></span>s in th<span class=\"_ _2\"></span>e UK<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Boa<span class=\"_ _2\"></span>rd has resp<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>y for e<span class=\"_ _2\"></span>nsuri<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019s abili<span class=\"_ _2\"></span>ty to cont<span class=\"_ _2\"></span>inue a<span class=\"_ _2\"></span>s a goin<span class=\"_ _2\"></span>g concer<span class=\"_ _2\"></span>n. Th<span class=\"_ _2\"></span>is invol<span class=\"_ _2\"></span>ves the a<span class=\"_ _2\"></span>bili<span class=\"_ _2\"></span>ty to bo<span class=\"_ _2\"></span>rrow mo<span class=\"_ _2\"></span>nies i<span class=\"_ _2\"></span>n the sho<span class=\"_ _2\"></span>rt a<span class=\"_ _2\"></span>nd lo<span class=\"_ _2\"></span>ng term; an<span class=\"_ _2\"></span>d pay div<span class=\"_ _2\"></span>ide<span class=\"_ _2\"></span>nds ou<span class=\"_ _2\"></span>t of reser<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span>, all of w<span class=\"_ _2\"></span>hich are co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>red an<span class=\"_ _2\"></span>d app<span class=\"_ _2\"></span>roved by the B<span class=\"_ _2\"></span>oard on a re<span class=\"_ _2\"></span>gul<span class=\"_ _2\"></span>ar basi<span class=\"_ _2\"></span>s.<span class=\"_ _231\"> </span>T<span class=\"_ _0\"></span>o mai<span class=\"_ _0\"></span>ntain or adjust the<span class=\"_ _0\"></span> capital structure,<span class=\"_ _0\"></span> the Company<span class=\"_ _0\"></span> may adjust the di<span class=\"_ _1\"></span>vidend payment<span class=\"_ _0\"></span> to shar<span class=\"_ _0\"></span>eholders<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> return capi<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>al<span class=\"_ _0\"></span> to shar<span class=\"_ _0\"></span>eh<span class=\"_ _2\"></span>olders, iss<span class=\"_ _2\"></span>ue new s<span class=\"_ _2\"></span>hares o<span class=\"_ _2\"></span>r buy<span class=\"_ _2\"></span>back sh<span class=\"_ _2\"></span>ares for c<span class=\"_ _2\"></span>ancel<span class=\"_ _2\"></span>latio<span class=\"_ _2\"></span>n or for ho<span class=\"_ _2\"></span>ldin<span class=\"_ _2\"></span>g in treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he Com<span class=\"_ _2\"></span>pany m<span class=\"_ _2\"></span>ay als<span class=\"_ _2\"></span>o increas<span class=\"_ _2\"></span>e or decre<span class=\"_ _2\"></span>ase its l<span class=\"_ _2\"></span>evel of lo<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>-<span class=\"_ _231\"> </span>term b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs<span class=\"_ _2\"></span>. The G<span class=\"_ _2\"></span>roup m<span class=\"_ _2\"></span>onitor<span class=\"_ _2\"></span>s cap<span class=\"_ _2\"></span>ital us<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e net L<span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>V r<span class=\"_ _2\"></span>atio, wh<span class=\"_ _2\"></span>ich was 2<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></span>8 per cen<span class=\"_ _2\"></span>t at 30 Jun<span class=\"_ _2\"></span>e 2025 (202<span class=\"_ _0\"></span>4: 22.<span class=\"_ _2\"></span>5 per ce<span class=\"_ _2\"></span>nt). The<span class=\"_ _2\"></span> Bo<span class=\"_ _2\"></span>ard current<span class=\"_ _2\"></span>ly inten<span class=\"_ _2\"></span>ds that<span class=\"_ _2\"></span>, over th<span class=\"_ _2\"></span>e med<span class=\"_ _2\"></span>ium term<span class=\"_ _2\"></span>, bor<span class=\"_ _2\"></span>rowing<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup wi<span class=\"_ _2\"></span>ll repres<span class=\"_ _2\"></span>ent no m<span class=\"_ _2\"></span>ore tha<span class=\"_ _2\"></span>n app<span class=\"_ _2\"></span>roximately 3<span class=\"_ _2\"></span>0 per ce<span class=\"_ _2\"></span>nt of the Gro<span class=\"_ _2\"></span>up\u2019s gross as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s at the ti<span class=\"_ _2\"></span>me of dr<span class=\"_ _2\"></span>awdown<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Whe<span class=\"_ _2\"></span>re ordin<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>y sha<span class=\"_ _2\"></span>res are he<span class=\"_ _2\"></span>ld in treas<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>y thes<span class=\"_ _2\"></span>e are avai<span class=\"_ _2\"></span>lab<span class=\"_ _2\"></span>le to be sol<span class=\"_ _2\"></span>d to meet on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>go<span class=\"_ _2\"></span>ing ma<span class=\"_ _2\"></span>rket de<span class=\"_ _2\"></span>mand<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e net proce<span class=\"_ _2\"></span>eds of an<span class=\"_ _2\"></span>y subs<span class=\"_ _2\"></span>equ<span class=\"_ _2\"></span>ent sa<span class=\"_ _2\"></span>les of sh<span class=\"_ _2\"></span>ares out o<span class=\"_ _2\"></span>f treasur<span class=\"_ _2\"></span>y w<span class=\"_ _2\"></span>ill provi<span class=\"_ _2\"></span>de th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny with a<span class=\"_ _2\"></span>ddit<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l cap<span class=\"_ _2\"></span>ital to en<span class=\"_ _2\"></span>able i<span class=\"_ _2\"></span>t to take ad<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span>age of i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent oppor<span class=\"_ _2\"></span>tuni<span class=\"_ _0\"></span>ties in the mark<span class=\"_ _0\"></span>et and mak<span class=\"_ _0\"></span>e fur<span class=\"_ _2\"></span>ther<span class=\"_ _0\"></span> investments in ac<span class=\"_ _0\"></span>cordanc<span class=\"_ _0\"></span>e with the<span class=\"_ _0\"></span> Company\u2019s i<span class=\"_ _0\"></span>nvestment policy and<span class=\"_ _0\"></span> within its appraisal c<span class=\"_ _0\"></span>riteria. Ho<span class=\"_ _2\"></span>lding s<span class=\"_ _2\"></span>hares i<span class=\"_ _2\"></span>n treasur<span class=\"_ _2\"></span>y fo<span class=\"_ _2\"></span>r this p<span class=\"_ _2\"></span>urpos<span class=\"_ _2\"></span>e assis<span class=\"_ _2\"></span>ts t<span class=\"_ _2\"></span>he Comp<span class=\"_ _2\"></span>any in m<span class=\"_ _2\"></span>atching it<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>goin<span class=\"_ _2\"></span>g cap<span class=\"_ _2\"></span>ital re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s to its inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent op<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>tun<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d therefo<span class=\"_ _2\"></span>re reduces t<span class=\"_ _2\"></span>he ne<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ve effe<span class=\"_ _2\"></span>ct of ho<span class=\"_ _2\"></span>ldin<span class=\"_ _2\"></span>g excess ca<span class=\"_ _2\"></span>sh on it<span class=\"_ _2\"></span>s bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet over th<span class=\"_ _2\"></span>e lon<span class=\"_ _2\"></span>ger ter<span class=\"_ _2\"></span>m.<span class=\"_ _231\"> </span>No changes<span class=\"_ _0\"></span> were made in<span class=\"_ _0\"></span> the capital management objectiv<span class=\"_ _0\"></span>es, policies or pr<span class=\"_ _0\"></span>ocesses during<span class=\"_ _0\"></span> the year<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-391": {
   "value": "<div class=\"t m0 h9 ff24 fs5 fc4 sc0 lsca wsf4 gs2c3\">Cred<span class=\"_ _2\"></span>it risk<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2c4\">Credi<span class=\"_ _2\"></span>t risk is th<span class=\"_ _2\"></span>e risk t<span class=\"_ _2\"></span>hat an is<span class=\"_ _2\"></span>suer o<span class=\"_ _2\"></span>r counter<span class=\"_ _2\"></span>par<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y will b<span class=\"_ _2\"></span>e unab<span class=\"_ _2\"></span>le or un<span class=\"_ _2\"></span>willi<span class=\"_ _2\"></span>ng to mee<span class=\"_ _2\"></span>t a commit<span class=\"_ _2\"></span>ment t<span class=\"_ _2\"></span>hat it has e<span class=\"_ _2\"></span>ntered into w<span class=\"_ _2\"></span>ith the G<span class=\"_ _2\"></span>roup.<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2c5\">At th<span class=\"_ _2\"></span>e repor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ng date, th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s fina<span class=\"_ _2\"></span>ncial a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s exp<span class=\"_ _2\"></span>osed to credi<span class=\"_ _2\"></span>t risk am<span class=\"_ _2\"></span>ounted to \u00a342,12<span class=\"_ _2\"></span>2,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a3<span class=\"_ _0\"></span>41<span class=\"_ _2\"></span>,536<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0), consis<span class=\"_ _2\"></span>ting o<span class=\"_ _2\"></span>f cash of<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2c6\">\u00a339,639,000 (<span class=\"_ _2\"></span>202<span class=\"_ _0\"></span>4: \u00a338,<span class=\"_ _2\"></span>884,<span class=\"_ _2\"></span>000), a<span class=\"_ _2\"></span>ccrue<span class=\"_ _2\"></span>d develo<span class=\"_ _2\"></span>pme<span class=\"_ _2\"></span>nt interes<span class=\"_ _2\"></span>t of \u00a3809,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a31<span class=\"_ _2\"></span>,07<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0), net rent re<span class=\"_ _2\"></span>ceiva<span class=\"_ _2\"></span>ble of \u00a31<span class=\"_ _2\"></span>,089,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>:<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2c7\">\u00a3890,0<span class=\"_ _2\"></span>00) an<span class=\"_ _2\"></span>d oth<span class=\"_ _2\"></span>er deb<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>or<span class=\"_ _2\"></span>s of \u00a3585,0<span class=\"_ _2\"></span>00 (2024: \u00a3<span class=\"_ _0\"></span>68<span class=\"_ _2\"></span>6,00<span class=\"_ _2\"></span>0).<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2c8\">In th<span class=\"_ _2\"></span>e event of d<span class=\"_ _2\"></span>efau<span class=\"_ _2\"></span>lt by a tenant if i<span class=\"_ _2\"></span>t is in fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al dif<span class=\"_ _2\"></span>ficu<span class=\"_ _2\"></span>lty o<span class=\"_ _2\"></span>r othe<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>wise un<span class=\"_ _2\"></span>able to m<span class=\"_ _2\"></span>eet it<span class=\"_ _2\"></span>s obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ons un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>e lease, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup wil<span class=\"_ _2\"></span>l </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2c9\">suf<span class=\"_ _2\"></span>fer a rent<span class=\"_ _2\"></span>al sh<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfa<span class=\"_ _2\"></span>ll and i<span class=\"_ _2\"></span>ncur a<span class=\"_ _2\"></span>dditi<span class=\"_ _2\"></span>ona<span class=\"_ _2\"></span>l expe<span class=\"_ _2\"></span>nses u<span class=\"_ _2\"></span>ntil th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>y is re<span class=\"_ _2\"></span>let. T<span class=\"_ _2\"></span>hese e<span class=\"_ _2\"></span>xpen<span class=\"_ _2\"></span>ses coul<span class=\"_ _2\"></span>d inclu<span class=\"_ _2\"></span>de leg<span class=\"_ _2\"></span>al an<span class=\"_ _2\"></span>d sur<span class=\"_ _2\"></span>veyor<span class=\"_ _2\"></span>\u2019s costs i<span class=\"_ _2\"></span>n </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs2ca\">re-letting, maint<span class=\"_ _0\"></span>enance co<span class=\"_ _0\"></span>st<span class=\"_ _2\"></span>s, in<span class=\"_ _1\"></span>surances,<span class=\"_ _1\"></span> rat<span class=\"_ _0\"></span>es and market<span class=\"_ _1\"></span>ing c<span class=\"_ _0\"></span>ost<span class=\"_ _2\"></span>s<span class=\"_ _0\"></span> an<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span> may have<span class=\"_ _0\"></span> a materi<span class=\"_ _1\"></span>al adverse<span class=\"_ _0\"></span> impact on the financ<span class=\"_ _1\"></span>ial c<span class=\"_ _0\"></span>ondition and </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2cb\">pe<span class=\"_ _2\"></span>rfor<span class=\"_ _2\"></span>man<span class=\"_ _2\"></span>ce of the G<span class=\"_ _2\"></span>roup an<span class=\"_ _2\"></span>d/<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>r the leve<span class=\"_ _2\"></span>l of div<span class=\"_ _2\"></span>iden<span class=\"_ _2\"></span>d cover<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup may a<span class=\"_ _2\"></span>lso re<span class=\"_ _2\"></span>quire to prov<span class=\"_ _2\"></span>ide rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>centive<span class=\"_ _2\"></span>s to the in<span class=\"_ _2\"></span>comin<span class=\"_ _2\"></span>g tenant<span class=\"_ _2\"></span>. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs2cc\">The Board<span class=\"_ _1\"></span> rec<span class=\"_ _0\"></span>eives regular<span class=\"_ _0\"></span> repor<span class=\"_ _2\"></span>ts on<span class=\"_ _0\"></span> concentra<span class=\"_ _0\"></span>tions of ris<span class=\"_ _1\"></span>k and an<span class=\"_ _0\"></span>y tenants i<span class=\"_ _1\"></span>n arr<span class=\"_ _0\"></span>ears<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> T<span class=\"_ _2\"></span>he I<span class=\"_ _1\"></span>nvestment<span class=\"_ _0\"></span> Manager monitors<span class=\"_ _0\"></span> such reports in </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2cd\">orde<span class=\"_ _2\"></span>r to antici<span class=\"_ _2\"></span>pate, an<span class=\"_ _2\"></span>d mini<span class=\"_ _2\"></span>mise th<span class=\"_ _2\"></span>e impa<span class=\"_ _2\"></span>ct of, def<span class=\"_ _2\"></span>ault<span class=\"_ _2\"></span>s by occupat<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l tenan<span class=\"_ _2\"></span>ts. T<span class=\"_ _2\"></span>he ex<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>ted credit r<span class=\"_ _2\"></span>isk in rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n t<span class=\"_ _1\"></span>o tena<span class=\"_ _2\"></span>nts is a<span class=\"_ _2\"></span>n inhe<span class=\"_ _2\"></span>rent </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2ce\">ele<span class=\"_ _2\"></span>ment of t<span class=\"_ _2\"></span>he du<span class=\"_ _2\"></span>e dili<span class=\"_ _2\"></span>gen<span class=\"_ _2\"></span>ce c<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>ered by th<span class=\"_ _2\"></span>e Inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt Mana<span class=\"_ _2\"></span>ger o<span class=\"_ _2\"></span>n all pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y tra<span class=\"_ _2\"></span>nsac<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s with an e<span class=\"_ _2\"></span>mph<span class=\"_ _2\"></span>asis be<span class=\"_ _2\"></span>ing p<span class=\"_ _2\"></span>laced o<span class=\"_ _2\"></span>n ensu<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2cf\">that t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>itial re<span class=\"_ _2\"></span>nt is set at a sus<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>nabl<span class=\"_ _2\"></span>e level<span class=\"_ _2\"></span>. The r<span class=\"_ _2\"></span>isk is f<span class=\"_ _2\"></span>urt<span class=\"_ _2\"></span>her m<span class=\"_ _2\"></span>itiga<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed by ren<span class=\"_ _2\"></span>tal d<span class=\"_ _2\"></span>eposi<span class=\"_ _2\"></span>ts or g<span class=\"_ _2\"></span>uara<span class=\"_ _2\"></span>ntees wh<span class=\"_ _2\"></span>ere consi<span class=\"_ _2\"></span>dere<span class=\"_ _2\"></span>d app<span class=\"_ _2\"></span>ropria<span class=\"_ _2\"></span>te. The </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2d0\">maj<span class=\"_ _2\"></span>orit<span class=\"_ _2\"></span>y of rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come is re<span class=\"_ _2\"></span>ceived in a<span class=\"_ _2\"></span>dva<span class=\"_ _2\"></span>nce.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs2d1\">A<span class=\"_ _2\"></span>s at 30 Jun<span class=\"_ _2\"></span>e 2025, th<span class=\"_ _2\"></span>e Group h<span class=\"_ _2\"></span>ad recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d a credit los<span class=\"_ _2\"></span>s allow<span class=\"_ _2\"></span>ance tota<span class=\"_ _2\"></span>llin<span class=\"_ _2\"></span>g \u00a3<span class=\"_ _0\"></span>4,<span class=\"_ _2\"></span>547<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a32,935,0<span class=\"_ _2\"></span>00) ag<span class=\"_ _2\"></span>ains<span class=\"_ _2\"></span>t a gross rent re<span class=\"_ _2\"></span>ceiva<span class=\"_ _2\"></span>ble </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs2d2\">bal<span class=\"_ _2\"></span>ance of \u00a34,828,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>3,267<span class=\"_ _0\"></span>,0<span class=\"_ _2\"></span>00), gros<span class=\"_ _2\"></span>s loan<span class=\"_ _2\"></span>s to t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s total<span class=\"_ _2\"></span>ling \u00a378<span class=\"_ _2\"></span>8,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a3952,0<span class=\"_ _2\"></span>00) a<span class=\"_ _2\"></span>nd oth<span class=\"_ _2\"></span>er tena<span class=\"_ _2\"></span>nt debto<span class=\"_ _2\"></span>rs of \u00a3287<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0 </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs2d3\">(202<span class=\"_ _0\"></span>4: \u00a3ni<span class=\"_ _2\"></span>l). Of the g<span class=\"_ _2\"></span>ross receiv<span class=\"_ _2\"></span>able o<span class=\"_ _2\"></span>f \u00a3<span class=\"_ _0\"></span>4,<span class=\"_ _2\"></span>219,0<span class=\"_ _2\"></span>00 at 30 J<span class=\"_ _2\"></span>une 2024, \u00a3<span class=\"_ _0\"></span>63<span class=\"_ _2\"></span>8,00<span class=\"_ _2\"></span>0 was su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y recovered an<span class=\"_ _2\"></span>d \u00a33,<span class=\"_ _2\"></span>581<span class=\"_ _2\"></span>,000 i<span class=\"_ _2\"></span>s stil<span class=\"_ _2\"></span>l outs<span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>din<span class=\"_ _2\"></span>g. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs2d4\">Th<span class=\"_ _2\"></span>ere were n<span class=\"_ _2\"></span>o othe<span class=\"_ _2\"></span>r fina<span class=\"_ _2\"></span>ncial a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s whi<span class=\"_ _2\"></span>ch were eith<span class=\"_ _2\"></span>er pa<span class=\"_ _2\"></span>st due o<span class=\"_ _2\"></span>r consi<span class=\"_ _2\"></span>dered i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>red at 30 Ju<span class=\"_ _2\"></span>ne 2025 (202<span class=\"_ _1\"></span>4: nil).<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2d5\">All o<span class=\"_ _2\"></span>f the G<span class=\"_ _2\"></span>roup\u2019s cas<span class=\"_ _2\"></span>h is pla<span class=\"_ _2\"></span>ced with f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ncial i<span class=\"_ _2\"></span>nstit<span class=\"_ _2\"></span>ution<span class=\"_ _2\"></span>s with a lo<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>-term cre<span class=\"_ _2\"></span>dit rati<span class=\"_ _2\"></span>ng of BB<span class=\"_ _2\"></span>B or be<span class=\"_ _2\"></span>tter<span class=\"_ _1\"></span>. Ban<span class=\"_ _2\"></span>kru<span class=\"_ _2\"></span>ptcy or in<span class=\"_ _2\"></span>solven<span class=\"_ _2\"></span>cy of s<span class=\"_ _2\"></span>uch </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2d6\">fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al ins<span class=\"_ _2\"></span>tituti<span class=\"_ _2\"></span>ons may c<span class=\"_ _2\"></span>ause t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s abi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y to access ca<span class=\"_ _2\"></span>sh pla<span class=\"_ _2\"></span>ced on d<span class=\"_ _2\"></span>eposi<span class=\"_ _2\"></span>t to be del<span class=\"_ _2\"></span>ayed, l<span class=\"_ _2\"></span>imited o<span class=\"_ _2\"></span>r lost. S<span class=\"_ _2\"></span>hou<span class=\"_ _2\"></span>ld the cre<span class=\"_ _2\"></span>dit qua<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2d7\">or th<span class=\"_ _2\"></span>e fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l posit<span class=\"_ _2\"></span>ion of t<span class=\"_ _2\"></span>he ban<span class=\"_ _2\"></span>ks cur<span class=\"_ _2\"></span>rently em<span class=\"_ _2\"></span>ploye<span class=\"_ _2\"></span>d sign<span class=\"_ _2\"></span>ific<span class=\"_ _2\"></span>antly d<span class=\"_ _2\"></span>eterio<span class=\"_ _2\"></span>rate, cash h<span class=\"_ _2\"></span>old<span class=\"_ _2\"></span>ings wo<span class=\"_ _2\"></span>uld be m<span class=\"_ _2\"></span>oved to an<span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r bank<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2d8\">Sho<span class=\"_ _2\"></span>uld th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p hold s<span class=\"_ _2\"></span>igni<span class=\"_ _2\"></span>fica<span class=\"_ _2\"></span>nt cash b<span class=\"_ _2\"></span>ala<span class=\"_ _2\"></span>nces for a<span class=\"_ _2\"></span>n exten<span class=\"_ _2\"></span>ded p<span class=\"_ _2\"></span>erio<span class=\"_ _2\"></span>d, th<span class=\"_ _2\"></span>en counte<span class=\"_ _2\"></span>rpar<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y risk w<span class=\"_ _2\"></span>ill be s<span class=\"_ _2\"></span>pread<span class=\"_ _2\"></span>, by pla<span class=\"_ _2\"></span>cing c<span class=\"_ _2\"></span>ash across d<span class=\"_ _2\"></span>iffe<span class=\"_ _2\"></span>rent </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2d9\">fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al ins<span class=\"_ _2\"></span>tituti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>. At 30 Jun<span class=\"_ _2\"></span>e 2025 the G<span class=\"_ _2\"></span>roup h<span class=\"_ _2\"></span>eld \u00a339.4 mil<span class=\"_ _2\"></span>lion (2024: \u00a337<span class=\"_ _0\"></span>.7 mil<span class=\"_ _2\"></span>lion) w<span class=\"_ _2\"></span>ith Th<span class=\"_ _2\"></span>e Royal Ba<span class=\"_ _2\"></span>nk of Scot<span class=\"_ _2\"></span>land p<span class=\"_ _2\"></span>lc an<span class=\"_ _2\"></span>d \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _2\"></span>2 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2da\">(202<span class=\"_ _0\"></span>4: \u00a31<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>2 mill<span class=\"_ _2\"></span>ion) wi<span class=\"_ _2\"></span>th HSBC Ba<span class=\"_ _2\"></span>nk pl<span class=\"_ _2\"></span>c. Gi<span class=\"_ _2\"></span>ven the cre<span class=\"_ _2\"></span>dit qua<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y of the co<span class=\"_ _2\"></span>unterp<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ties us<span class=\"_ _2\"></span>ed, n<span class=\"_ _2\"></span>o credit los<span class=\"_ _2\"></span>s allow<span class=\"_ _2\"></span>ance is reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d aga<span class=\"_ _2\"></span>inst </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2db\">cas<span class=\"_ _2\"></span>h bala<span class=\"_ _2\"></span>nces as it i<span class=\"_ _2\"></span>s consid<span class=\"_ _2\"></span>ered to be i<span class=\"_ _2\"></span>mmater<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-392": {
   "value": "<div class=\"t m0 h9 ff24 fs5 fc4 sc0 ls72 ws25 gs2dd\">Liquidity risk<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2de\">Li<span class=\"_ _2\"></span>quid<span class=\"_ _2\"></span>ity r<span class=\"_ _2\"></span>isk is th<span class=\"_ _2\"></span>e risk th<span class=\"_ _2\"></span>at the G<span class=\"_ _2\"></span>roup wi<span class=\"_ _2\"></span>ll en<span class=\"_ _2\"></span>counter dif<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>cultie<span class=\"_ _2\"></span>s in reali<span class=\"_ _2\"></span>sing as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s or oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>wise r<span class=\"_ _2\"></span>aisin<span class=\"_ _2\"></span>g fun<span class=\"_ _2\"></span>ds to meet f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial com<span class=\"_ _2\"></span>mitm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2df\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s invest<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s comp<span class=\"_ _2\"></span>rise U<span class=\"_ _2\"></span>K care ho<span class=\"_ _2\"></span>mes<span class=\"_ _2\"></span>. Prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y an<span class=\"_ _2\"></span>d prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span>-re<span class=\"_ _2\"></span>lated as<span class=\"_ _2\"></span>sets i<span class=\"_ _2\"></span>n whi<span class=\"_ _2\"></span>ch the G<span class=\"_ _2\"></span>roup inve<span class=\"_ _2\"></span>sts a<span class=\"_ _2\"></span>re not tra<span class=\"_ _2\"></span>ded i<span class=\"_ _2\"></span>n an </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2e0\">orga<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d pub<span class=\"_ _2\"></span>lic ma<span class=\"_ _2\"></span>rket an<span class=\"_ _2\"></span>d may be il<span class=\"_ _2\"></span>liqu<span class=\"_ _2\"></span>id. A<span class=\"_ _2\"></span>s a result<span class=\"_ _2\"></span>, the G<span class=\"_ _2\"></span>roup m<span class=\"_ _2\"></span>ay not b<span class=\"_ _2\"></span>e able to li<span class=\"_ _2\"></span>quid<span class=\"_ _2\"></span>ate quickl<span class=\"_ _2\"></span>y its inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s in the<span class=\"_ _2\"></span>se prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span> <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2e1\">at an a<span class=\"_ _2\"></span>moun<span class=\"_ _2\"></span>t close to the<span class=\"_ _2\"></span>ir fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e in orde<span class=\"_ _2\"></span>r to meet it<span class=\"_ _2\"></span>s liq<span class=\"_ _2\"></span>uidit<span class=\"_ _2\"></span>y req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2e2\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s liqu<span class=\"_ _2\"></span>idit<span class=\"_ _2\"></span>y risk i<span class=\"_ _2\"></span>s mana<span class=\"_ _2\"></span>ged o<span class=\"_ _2\"></span>n an on<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>goin<span class=\"_ _2\"></span>g basi<span class=\"_ _2\"></span>s by the Inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent Man<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>r and m<span class=\"_ _2\"></span>onitore<span class=\"_ _2\"></span>d on a qu<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span>ly basis by t<span class=\"_ _2\"></span>he Bo<span class=\"_ _2\"></span>ard. In </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2e3\">orde<span class=\"_ _2\"></span>r to mitig<span class=\"_ _2\"></span>ate liqu<span class=\"_ _2\"></span>idit<span class=\"_ _2\"></span>y ris<span class=\"_ _2\"></span>k the G<span class=\"_ _2\"></span>roup aim<span class=\"_ _2\"></span>s to have suf<span class=\"_ _2\"></span>fici<span class=\"_ _2\"></span>ent cas<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ances (i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e exp<span class=\"_ _2\"></span>ected p<span class=\"_ _2\"></span>roceeds o<span class=\"_ _2\"></span>f any prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y sale<span class=\"_ _2\"></span>s) t<span class=\"_ _0\"></span>o m<span class=\"_ _2\"></span>eet </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs2e4\">it<span class=\"_ _2\"></span>s obli<span class=\"_ _2\"></span>gatio<span class=\"_ _2\"></span>ns for a p<span class=\"_ _2\"></span>erio<span class=\"_ _2\"></span>d of at leas<span class=\"_ _2\"></span>t tw<span class=\"_ _2\"></span>elve mo<span class=\"_ _2\"></span>nths<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div>At th<span class=\"_ _2\"></span>e repor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ng date, th<span class=\"_ _2\"></span>e matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y of the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial as<span class=\"_ _2\"></span>sets w<span class=\"_ _2\"></span>as:<span class=\"_ _231\"> </span><table class=\"s w1a4 hd3\" id=\"_229ce94a-7745-4ed8-904f-c95dcdc8a81b\"><tr><td></td><td></td><td class=\"t m0 x42c h1d y198c ff24 fs8 fc1 sc0 ls1c ws1\">Mo<span class=\"_ _2\"></span>re tha<span class=\"_ _2\"></span>n thre<span class=\"_ _2\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x231 h1d y198d ff24 fs8 fc1 sc0 ls13a ws153\">Three months<span class=\"_ _231\"> </span></td><td class=\"t m0 x42d h1d y198d ff24 fs8 fc1 sc0 ls1c ws1\">mo<span class=\"_ _2\"></span>nths b<span class=\"_ _2\"></span>ut les<span class=\"_ _2\"></span>s </td><td></td><td></td><td class=\"t m0 x32a h1d y198d ff24 fs8 fc1 sc0 ls13a ws153\">More than<span class=\"_ _1\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x42e h1d y198e ff24 fs8 fc1 sc0 ls1c ws1\">or le<span class=\"_ _2\"></span>ss<span class=\"_ _231\"> </span></td><td class=\"t m0 x42f h1d y198e ff24 fs8 fc1 sc0 ls1c ws1\">tha<span class=\"_ _2\"></span>n one ye<span class=\"_ _2\"></span>ar<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fc h1d y198e ff24 fs8 fc1 sc0 ls104 ws7f\">1-2 ye<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></td><td class=\"t m0 x430 h1d y198e ff24 fs8 fc1 sc0 ls104 ws7f\">2-5 y<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>rs<span class=\"_ _231\"> </span></td><td class=\"t m0 x431 h1d y198e ff24 fs8 fc1 sc0 ls95 ws9c\">five y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></td><td class=\"t m0 x236 h1d y198e ff24 fs8 fc1 sc0 ls1 ws1\">T<span class=\"_ _0\"></span>ota<span class=\"_ _2\"></span>l </td></tr><tr><td class=\"t m0 x164 h1d y198f ff24 fs8 fc1 sc0 ls1c ws1\">Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>sets a<span class=\"_ _2\"></span>s at 30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x15e h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x15f h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 h1d y198f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1935 wa3 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls45 ws24\">Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _231\"> </span></div></td><td class=\"c n x432 y1935 wa5 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls5e ws5d\">39,639<span class=\"_ _231\"> </span></div></td><td class=\"c n x173 y1935 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x433 y1935 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x434 y1935 we7 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x435 y1935 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x436 y1935 wa5 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls5e ws5d\">39,639<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1936 w256 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al de<span class=\"_ _2\"></span>posit<span class=\"_ _2\"></span>s he<span class=\"_ _2\"></span>ld in escrow for te<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x437 y1936 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x438 y1936 w3a hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x439 y1936 we7 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43a y1936 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43b y1936 w257 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">12<span class=\"_ _2\"></span>,695<span class=\"_ _231\"> </span></div></td><td class=\"c n x43c y1936 w2ab hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>2,69<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18d9 w2c5 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls45 ws24\">Other debt<span class=\"_ _0\"></span>ors<span class=\"_ _231\"> </span></div></td><td class=\"c n x43d y18d9 w2c6 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls4 ws55\">2,4<span class=\"_ _2\"></span>83<span class=\"_ _231\"> </span></div></td><td class=\"c n x1b5 y18d9 w3a hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43e y18d9 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43f y18d9 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x440 y18d9 w2f hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x441 y18d9 w2c7 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 ls4 ws55\">2<span class=\"_ _2\"></span>,483<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x442 y18da w2c8 hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls82 ws89\">42<span class=\"_ _2\"></span>,12<span class=\"_ _2\"></span>2<span class=\"_ _231\"> </span></div></td><td class=\"c n x443 y18da w2f hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x444 y18da w2f hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x445 y18da w2f hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x446 y18da w2ab hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>2,6<span class=\"_ _2\"></span>95<span class=\"_ _231\"> </span></div></td><td class=\"c n x447 y18da w2c9 hb0\"><div class=\"t m0 x154 he y18d2 ff24 fs2 fc1 sc0 ls20 ws58\">54,<span class=\"_ _2\"></span>817<span class=\"_ _231\"> </span></div></td></tr></table><table class=\"s w2ca hd4\" id=\"_592ba120-f030-45fe-b753-a902feb8cb97\"><tr><td></td><td></td><td class=\"t m0 x42d hd y1990 ff25 fs8 fc1 sc0 ls1d ws18\">More<span class=\"_ _0\"></span> than three </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x448 hd y1991 ff25 fs8 fc1 sc0 ls1d ws18\">Three mon<span class=\"_ _1\"></span>ths<span class=\"_ _231\"> </span></td><td class=\"t m0 x449 hd y1991 ff25 fs8 fc1 sc0 ls1c ws1\">mo<span class=\"_ _2\"></span>nths b<span class=\"_ _2\"></span>ut le<span class=\"_ _2\"></span>ss </td><td></td><td></td><td class=\"t m0 x3fe hd y1991 ff25 fs8 fc1 sc0 ls1d ws18\">More<span class=\"_ _0\"></span> than <span class=\"ls1 ws1\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x15e hd y1992 ff25 fs8 fc1 sc0 ls1c ws1\">or le<span class=\"_ _2\"></span>ss<span class=\"_ _231\"> </span></td><td class=\"t m0 x44a hd y1992 ff25 fs8 fc1 sc0 ls1c ws1\">th<span class=\"_ _2\"></span>an on<span class=\"_ _2\"></span>e year<span class=\"_ _231\"> </span></td><td class=\"t m0 x44b hd y1992 ff25 fs8 fc1 sc0 ls1d ws18\">1-2<span class=\"_ _0\"></span> years<span class=\"_ _231\"> </span></td><td class=\"t m0 x15a hd y1992 ff25 fs8 fc1 sc0 ls1d ws18\">2-5 y<span class=\"_ _1\"></span>ears<span class=\"_ _231\"> </span></td><td class=\"t m0 x44c hd y1992 ff25 fs8 fc1 sc0 ls1d ws18\">five y<span class=\"_ _0\"></span>ears<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y1992 ff25 fs8 fc1 sc0 ls158 ws16e\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x164 hd y1993 ff25 fs8 fc1 sc0 ls1c ws1\">Fin<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>cial as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s as at 3<span class=\"_ _2\"></span>0 Jun<span class=\"_ _2\"></span>e 2024<span class=\"_ _231\"> </span></td><td class=\"t m0 x44d hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x22c hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y1993 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y193c wa3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _231\"> </span></div></td><td class=\"c n x44e y193c wa6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">38,884<span class=\"_ _231\"> </span></div></td><td class=\"c n x44f y193c w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x450 y193c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x451 y193c w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x452 y193c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x453 y193c w2cb haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">38,884<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193d w256 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Rent<span class=\"_ _2\"></span>al de<span class=\"_ _2\"></span>posit<span class=\"_ _2\"></span>s he<span class=\"_ _2\"></span>ld in escrow for te<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x454 y193d w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x455 y193d w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x456 y193d w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x16f y193d w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x457 y193d w2cc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td><td class=\"c n x458 y193d w2cc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193e w2c5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other debt<span class=\"_ _0\"></span>ors<span class=\"_ _231\"> </span></div></td><td class=\"c n x459 y193e w2cd haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">4,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>76<span class=\"_ _231\"> </span></div></td><td class=\"c n x45a y193e w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x45b y193e w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x45c y193e w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x45d y193e w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x45e y193e w2ce haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">4,<span class=\"_ _2\"></span>276<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w1b9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls78 ws17d\">To<span class=\"_ _2\"></span>t<span class=\"_ _5\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x45f y18da wfc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls55 ws53\">43,<span class=\"_ _2\"></span>160<span class=\"_ _231\"> </span></div></td><td class=\"c n x460 y18da w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x461 y18da w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x462 y18da w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x463 y18da w258 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>893<span class=\"_ _231\"> </span></div></td><td class=\"c n x464 y18da w2cf haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls6c wsa4\">53<span class=\"_ _2\"></span>,053<span class=\"_ _231\"> </span></div></td></tr></table>At th<span class=\"_ _2\"></span>e repor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ng date, th<span class=\"_ _2\"></span>e contr<span class=\"_ _2\"></span>actu<span class=\"_ _2\"></span>al matu<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>y of the f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s was:<span class=\"_ _231\"> </span><table class=\"s w1a4 hd5\" id=\"_b48a9c75-b599-4f1a-b550-267900935f74\"><tr><td></td><td></td><td class=\"t m0 x42c h1d y1994 ff24 fs8 fc1 sc0 ls1c ws1\">Mo<span class=\"_ _2\"></span>re tha<span class=\"_ _2\"></span>n thre<span class=\"_ _2\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x231 h1d y1995 ff24 fs8 fc1 sc0 ls13a ws153\">Three months<span class=\"_ _231\"> </span></td><td class=\"t m0 x42d h1d y1995 ff24 fs8 fc1 sc0 ls1c ws1\">mo<span class=\"_ _2\"></span>nths b<span class=\"_ _2\"></span>ut les<span class=\"_ _2\"></span>s </td><td></td><td></td><td class=\"t m0 x32a h1d y1995 ff24 fs8 fc1 sc0 ls13a ws153\">More than<span class=\"_ _1\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x42e h1d y1996 ff24 fs8 fc1 sc0 ls1c ws1\">or le<span class=\"_ _2\"></span>ss<span class=\"_ _231\"> </span></td><td class=\"t m0 x42f h1d y1996 ff24 fs8 fc1 sc0 ls1c ws1\">tha<span class=\"_ _2\"></span>n one ye<span class=\"_ _2\"></span>ar<span class=\"_ _231\"> </span></td><td class=\"t m0 x3fc h1d y1996 ff24 fs8 fc1 sc0 ls104 ws7f\">1-2 ye<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></td><td class=\"t m0 x430 h1d y1996 ff24 fs8 fc1 sc0 ls104 ws7f\">2-5 y<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>rs<span class=\"_ _231\"> </span></td><td class=\"t m0 x431 h1d y1996 ff24 fs8 fc1 sc0 ls95 ws9c\">five y<span class=\"_ _0\"></span>ear<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></td><td class=\"t m0 x236 h1d y1996 ff24 fs8 fc1 sc0 ls1 ws1\">T<span class=\"_ _0\"></span>ota<span class=\"_ _2\"></span>l </td></tr><tr><td class=\"t m0 x164 h1d y1997 ff24 fs8 fc1 sc0 ls1c ws1\">Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s as at 30 J<span class=\"_ _2\"></span>une 20<span class=\"_ _2\"></span>25<span class=\"_ _231\"> </span></td><td class=\"t m0 x15e h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x15f h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 h1d y1997 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1935 w2d0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Loans<span class=\"_ _0\"></span> and inter<span class=\"_ _0\"></span>est rate<span class=\"_ _0\"></span> derivatives<span class=\"_ _231\"> </span></div></td><td class=\"c n x465 y1935 w2d1 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls49 wsf0\">2<span class=\"_ _2\"></span>,432<span class=\"_ _231\"> </span></div></td><td class=\"c n x466 y1935 w2d2 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">96<span class=\"_ _2\"></span>,052<span class=\"_ _231\"> </span></div></td><td class=\"c n x467 y1935 w2d3 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">4,7<span class=\"_ _2\"></span>75<span class=\"_ _231\"> </span></div></td><td class=\"c n x468 y1935 w2d4 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls6c wsa4\">14,340<span class=\"_ _231\"> </span></div></td><td class=\"c n x469 y1935 w2d5 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">1<span class=\"_ _5\"></span>6<span class=\"_ _2\"></span>7,<span class=\"_ _5\"></span>1<span class=\"_ _2\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _231\"> </span></div></td><td class=\"c n x46a y1935 w2d6 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls47 ws40\">284,795<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1936 w2aa haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Renta<span class=\"_ _2\"></span>l deposit<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x437 y1936 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x438 y1936 w3a hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x439 y1936 we7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43a y1936 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x43b y1936 w257 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">12<span class=\"_ _2\"></span>,695<span class=\"_ _231\"> </span></div></td><td class=\"c n x43c y1936 w2ab hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>2,69<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18d9 w2ba haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other payables<span class=\"_ _231\"> </span></div></td><td class=\"c n x46b y18d9 w2d7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,<span class=\"_ _2\"></span>277<span class=\"_ _231\"> </span></div></td><td class=\"c n x46c y18d9 w3a hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x46d y18d9 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x46e y18d9 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x46f y18d9 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x470 y18d9 w2d8 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsac ws9f\">10,<span class=\"_ _2\"></span>27<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x442 y18da w2d9 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls148 ws161\">1<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,709<span class=\"_ _231\"> </span></div></td><td class=\"c n x471 y18da w2d2 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls5e ws5d\">96<span class=\"_ _2\"></span>,052<span class=\"_ _231\"> </span></div></td><td class=\"c n x472 y18da w2d3 hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls5e ws5d\">4,7<span class=\"_ _2\"></span>75<span class=\"_ _231\"> </span></div></td><td class=\"c n x473 y18da w2da hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls6c wsa4\">14,340<span class=\"_ _231\"> </span></div></td><td class=\"c n x474 y18da w2db hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls55 ws53\">17<span class=\"_ _2\"></span>9,8<span class=\"_ _2\"></span>91<span class=\"_ _231\"> </span></div></td><td class=\"c n x475 y18da w2dc hb4\"><div class=\"t m0 x154 he y1937 ff24 fs2 fc1 sc0 ls14b ws164\">3<span class=\"_ _5\"></span>0<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _231\"> </span></div></td></tr></table><table class=\"s w2dd hd6\" id=\"_d2648119-6b6d-44af-b94a-6ab25717c68e\"><tr><td></td><td></td><td class=\"t m0 x42d hd y1998 ff25 fs8 fc1 sc0 ls1d ws18\">More<span class=\"_ _0\"></span> than three </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x448 hd y1999 ff25 fs8 fc1 sc0 ls1d ws18\">Three mon<span class=\"_ _1\"></span>ths<span class=\"_ _231\"> </span></td><td class=\"t m0 x449 hd y1999 ff25 fs8 fc1 sc0 ls1c ws1\">mo<span class=\"_ _2\"></span>nths b<span class=\"_ _2\"></span>ut le<span class=\"_ _2\"></span>ss </td><td></td><td></td><td class=\"t m0 x3fe hd y1999 ff25 fs8 fc1 sc0 ls1d ws18\">More<span class=\"_ _0\"></span> than <span class=\"ls1 ws1\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x15e hd y199a ff25 fs8 fc1 sc0 ls1c ws1\">or le<span class=\"_ _2\"></span>ss<span class=\"_ _231\"> </span></td><td class=\"t m0 x44a hd y199a ff25 fs8 fc1 sc0 ls1c ws1\">th<span class=\"_ _2\"></span>an on<span class=\"_ _2\"></span>e year<span class=\"_ _231\"> </span></td><td class=\"t m0 x44b hd y199a ff25 fs8 fc1 sc0 ls1d ws18\">1-2<span class=\"_ _0\"></span> years<span class=\"_ _231\"> </span></td><td class=\"t m0 x15a hd y199a ff25 fs8 fc1 sc0 ls1d ws18\">2-5 y<span class=\"_ _1\"></span>ears<span class=\"_ _231\"> </span></td><td class=\"t m0 x44c hd y199a ff25 fs8 fc1 sc0 ls1d ws18\">five y<span class=\"_ _0\"></span>ears<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y199a ff25 fs8 fc1 sc0 ls158 ws16e\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x164 hd y199b ff25 fs8 fc1 sc0 ls1c ws1\">Fin<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>cial l<span class=\"_ _2\"></span>iabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>ies as a<span class=\"_ _2\"></span>t 30 Ju<span class=\"_ _2\"></span>ne 2024<span class=\"_ _231\"> </span></td><td class=\"t m0 x44d hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x22c hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x160 hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y199b ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y193c w2d0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Loans<span class=\"_ _0\"></span> and inter<span class=\"_ _0\"></span>est rate<span class=\"_ _0\"></span> derivatives<span class=\"_ _231\"> </span></div></td><td class=\"c n x476 y193c w2ce haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">2,<span class=\"_ _2\"></span>476<span class=\"_ _231\"> </span></div></td><td class=\"c n x477 y193c w2de haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">7,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td><td class=\"c n x478 y193c w2df haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">99,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td><td class=\"c n x479 y193c w2e0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">14<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>34<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x47a y193c w2e1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">1<span class=\"_ _2\"></span>71<span class=\"_ _2\"></span>,97<span class=\"_ _2\"></span>2<span class=\"_ _231\"> </span></div></td><td class=\"c n x47b y193c w2e2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls5e ws5d\">295,6<span class=\"_ _2\"></span>81<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y193d w2aa haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Renta<span class=\"_ _2\"></span>l deposit<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x47c y193d w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x47d y193d w4e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x47e y193d w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x47f y193d w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x480 y193d w2e3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td><td class=\"c n x481 y193d w2e3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsaf wsb2\">9,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>93<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y199c w2ba haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Other payables<span class=\"_ _231\"> </span></div></td><td class=\"c n x482 y199c w2e4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">17<span class=\"_ _0\"></span>,366<span class=\"_ _231\"> </span></div></td><td class=\"c n x483 y199c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x484 y199c w2b haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x485 y199c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x486 y199c w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x487 y199c w2e4 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">17<span class=\"_ _0\"></span>,366<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w1b9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls78 ws17d\">To<span class=\"_ _2\"></span>t<span class=\"_ _5\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x45f y18da w2e5 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">19,<span class=\"_ _2\"></span>84<span class=\"_ _2\"></span>2<span class=\"_ _231\"> </span></div></td><td class=\"c n x488 y18da w1c0 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsda wse0\">7,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _2\"></span>7<span class=\"_ _231\"> </span></div></td><td class=\"c n x489 y18da w2df haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">9<span class=\"_ _2\"></span>9,5<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>6<span class=\"_ _231\"> </span></div></td><td class=\"c n x48a y18da w2e6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls27 ws23\">14<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>34<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x48b y18da w2e7 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">181<span class=\"_ _2\"></span>,865<span class=\"_ _231\"> </span></div></td><td class=\"c n x48c y18da w2e8 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsf1 ws100\">32<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,94<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td></tr></table>Th<span class=\"_ _2\"></span>e total a<span class=\"_ _2\"></span>moun<span class=\"_ _2\"></span>t due un<span class=\"_ _2\"></span>der t<span class=\"_ _2\"></span>he loa<span class=\"_ _2\"></span>n facil<span class=\"_ _2\"></span>ities i<span class=\"_ _2\"></span>nclu<span class=\"_ _2\"></span>des th<span class=\"_ _2\"></span>e expe<span class=\"_ _2\"></span>cted h<span class=\"_ _2\"></span>edge<span class=\"_ _2\"></span>d interes<span class=\"_ _2\"></span>t paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s due un<span class=\"_ _2\"></span>der b<span class=\"_ _2\"></span>oth th<span class=\"_ _2\"></span>e loan a<span class=\"_ _2\"></span>nd interes<span class=\"_ _2\"></span>t rate de<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ives com<span class=\"_ _2\"></span>bine<span class=\"_ _2\"></span>d (see N<span class=\"_ _2\"></span>ote 13 for f<span class=\"_ _2\"></span>urt<span class=\"_ _2\"></span>her d<span class=\"_ _2\"></span>etai<span class=\"_ _2\"></span>ls) assu<span class=\"_ _2\"></span>min<span class=\"_ _2\"></span>g that b<span class=\"_ _2\"></span>oth the d<span class=\"_ _2\"></span>rawn e<span class=\"_ _2\"></span>leme<span class=\"_ _2\"></span>nt of the l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd the n<span class=\"_ _2\"></span>otio<span class=\"_ _2\"></span>nal va<span class=\"_ _2\"></span>lue of t<span class=\"_ _2\"></span>he interes<span class=\"_ _2\"></span>t rate de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tives rem<span class=\"_ _2\"></span>ain un<span class=\"_ _2\"></span>chan<span class=\"_ _2\"></span>ged f<span class=\"_ _2\"></span>rom 30 Ju<span class=\"_ _2\"></span>ne 2025 (30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _1\"></span>) unti<span class=\"_ _2\"></span>l the rep<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt date of th<span class=\"_ _2\"></span>e releva<span class=\"_ _2\"></span>nt loan a<span class=\"_ _2\"></span>nd exp<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>y date of th<span class=\"_ _2\"></span>e rela<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed in<span class=\"_ _2\"></span>terest ra<span class=\"_ _2\"></span>te deriv<span class=\"_ _2\"></span>ative. T<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>terest ra<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>e on a<span class=\"_ _2\"></span>ny unhe<span class=\"_ _2\"></span>dge<span class=\"_ _2\"></span>d elem<span class=\"_ _2\"></span>ent of th<span class=\"_ _2\"></span>e loan<span class=\"_ _2\"></span>s is base<span class=\"_ _2\"></span>d on th<span class=\"_ _2\"></span>e rate of SON<span class=\"_ _2\"></span>IA at 30 Ju<span class=\"_ _2\"></span>ne 2025 (30 J<span class=\"_ _2\"></span>une 202<span class=\"_ _0\"></span>4) p<span class=\"_ _2\"></span>lus th<span class=\"_ _2\"></span>e releva<span class=\"_ _2\"></span>nt lend<span class=\"_ _2\"></span>ing ma<span class=\"_ _2\"></span>rgin. T<span class=\"_ _2\"></span>he com<span class=\"_ _2\"></span>mitm<span class=\"_ _2\"></span>ent fee p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le on th<span class=\"_ _2\"></span>e undr<span class=\"_ _2\"></span>awn ele<span class=\"_ _2\"></span>ment o<span class=\"_ _2\"></span>f any faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y is incl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span>d, whe<span class=\"_ _2\"></span>re app<span class=\"_ _2\"></span>lica<span class=\"_ _2\"></span>ble.<span class=\"_ _231\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-393": {
   "value": "Interest rate risk<span class=\"_ _231\"> </span>So<span class=\"_ _2\"></span>me of th<span class=\"_ _2\"></span>e Compa<span class=\"_ _2\"></span>ny\u2019s fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>cial ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are interes<span class=\"_ _2\"></span>t-b<span class=\"_ _2\"></span>eari<span class=\"_ _2\"></span>ng. Inte<span class=\"_ _2\"></span>rest-<span class=\"_ _2\"></span>rate risk is t<span class=\"_ _2\"></span>he ris<span class=\"_ _2\"></span>k that fu<span class=\"_ _2\"></span>ture cas<span class=\"_ _2\"></span>h flows w<span class=\"_ _2\"></span>ill cha<span class=\"_ _2\"></span>nge a<span class=\"_ _2\"></span>dvers<span class=\"_ _2\"></span>ely as a<span class=\"_ _2\"></span> resul<span class=\"_ _0\"></span>t of changes<span class=\"_ _0\"></span> in market<span class=\"_ _0\"></span> inter<span class=\"_ _0\"></span>es<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span> rates.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s poli<span class=\"_ _2\"></span>cy is to ho<span class=\"_ _2\"></span>ld cas<span class=\"_ _2\"></span>h in vari<span class=\"_ _2\"></span>able r<span class=\"_ _2\"></span>ate or sho<span class=\"_ _2\"></span>rt-<span class=\"_ _2\"></span>term fi<span class=\"_ _2\"></span>xed rate ba<span class=\"_ _2\"></span>nk accoun<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span>. At 30 Jun<span class=\"_ _2\"></span>e 2025, intere<span class=\"_ _2\"></span>st was b<span class=\"_ _2\"></span>ein<span class=\"_ _2\"></span>g receive<span class=\"_ _2\"></span>d on cas<span class=\"_ _2\"></span>h at a wei<span class=\"_ _2\"></span>ghted ave<span class=\"_ _2\"></span>rage v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble ra<span class=\"_ _2\"></span>te of 1.<span class=\"_ _2\"></span>2 per ce<span class=\"_ _2\"></span>nt (202<span class=\"_ _0\"></span>4: 1.<span class=\"_ _2\"></span>1 per ce<span class=\"_ _2\"></span>nt). Exp<span class=\"_ _2\"></span>osure va<span class=\"_ _2\"></span>ries t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>hout t<span class=\"_ _2\"></span>he pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d as a conse<span class=\"_ _2\"></span>quen<span class=\"_ _2\"></span>ce of chan<span class=\"_ _2\"></span>ges in<span class=\"_ _2\"></span> the co<span class=\"_ _2\"></span>mpos<span class=\"_ _2\"></span>ition o<span class=\"_ _2\"></span>f the ne<span class=\"_ _2\"></span>t asset<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup a<span class=\"_ _2\"></span>risin<span class=\"_ _2\"></span>g out of th<span class=\"_ _2\"></span>e inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt and r<span class=\"_ _2\"></span>isk man<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>oli<span class=\"_ _2\"></span>cies<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span>se bal<span class=\"_ _2\"></span>ances e<span class=\"_ _2\"></span>xpose t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup to cas<span class=\"_ _2\"></span>h flow inte<span class=\"_ _2\"></span>rest rate r<span class=\"_ _2\"></span>isk as th<span class=\"_ _2\"></span>e Group\u2019s i<span class=\"_ _2\"></span>ncome a<span class=\"_ _2\"></span>nd op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing c<span class=\"_ _2\"></span>ash flo<span class=\"_ _2\"></span>ws will b<span class=\"_ _2\"></span>e af<span class=\"_ _2\"></span>fected by m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts in t<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>rket rate of inte<span class=\"_ _2\"></span>rest.<span class=\"_ _231\"> </span>At 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up had \u00a3<span class=\"_ _2\"></span>170,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a31<span class=\"_ _2\"></span>70,000,0<span class=\"_ _2\"></span>00) o<span class=\"_ _2\"></span>f commit<span class=\"_ _2\"></span>ted term l<span class=\"_ _2\"></span>oans a<span class=\"_ _2\"></span>nd revolv<span class=\"_ _2\"></span>ing cred<span class=\"_ _2\"></span>it faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s whi<span class=\"_ _2\"></span>ch were charg<span class=\"_ _2\"></span>ed intere<span class=\"_ _2\"></span>st at a rate of S<span class=\"_ _2\"></span>ONIA p<span class=\"_ _2\"></span>lus th<span class=\"_ _2\"></span>e relevan<span class=\"_ _2\"></span>t margi<span class=\"_ _2\"></span>n. At 30 J<span class=\"_ _2\"></span>une 2025, \u00a392,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 of t<span class=\"_ _2\"></span>he var<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>le rate faci<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s had b<span class=\"_ _2\"></span>een d<span class=\"_ _2\"></span>rawn d<span class=\"_ _2\"></span>own (202<span class=\"_ _0\"></span>4: \u00a393,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0). The f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate bor<span class=\"_ _2\"></span>rowing<span class=\"_ _2\"></span>s is affe<span class=\"_ _2\"></span>cted by cha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>s in the m<span class=\"_ _2\"></span>arket r<span class=\"_ _2\"></span>ate of the len<span class=\"_ _2\"></span>din<span class=\"_ _2\"></span>g margi<span class=\"_ _2\"></span>n that wo<span class=\"_ _2\"></span>uld ap<span class=\"_ _2\"></span>ply to sim<span class=\"_ _2\"></span>ilar lo<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>. The v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble rate b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs are c<span class=\"_ _2\"></span>arri<span class=\"_ _2\"></span>ed at am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d cost an<span class=\"_ _2\"></span>d the G<span class=\"_ _2\"></span>roup consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>s this to be a cl<span class=\"_ _2\"></span>ose ap<span class=\"_ _2\"></span>proximat<span class=\"_ _2\"></span>ion to fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e at 30 Jun<span class=\"_ _2\"></span>e 2025 and 3<span class=\"_ _2\"></span>0 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4.<span class=\"_ _231\"> </span>At 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up had h<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed it<span class=\"_ _2\"></span>s expo<span class=\"_ _2\"></span>sure on \u00a380,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 of t<span class=\"_ _2\"></span>he \u00a392,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 of the d<span class=\"_ _2\"></span>rawn v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble rate b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ngs (2024<span class=\"_ _0\"></span>: \u00a380,0<span class=\"_ _2\"></span>00,00<span class=\"_ _2\"></span>0 of th<span class=\"_ _2\"></span>e \u00a39<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 of drawn v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble ra<span class=\"_ _2\"></span>te facili<span class=\"_ _2\"></span>ties w<span class=\"_ _2\"></span>as hed<span class=\"_ _2\"></span>ged). On t<span class=\"_ _2\"></span>he unh<span class=\"_ _2\"></span>edg<span class=\"_ _2\"></span>ed va<span class=\"_ _2\"></span>riab<span class=\"_ _2\"></span>le rate bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs, in<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>eres<span class=\"_ _2\"></span>t is paya<span class=\"_ _2\"></span>ble at a va<span class=\"_ _2\"></span>riab<span class=\"_ _2\"></span>le rate equ<span class=\"_ _2\"></span>al to SON<span class=\"_ _2\"></span>IA plus t<span class=\"_ _2\"></span>he wei<span class=\"_ _2\"></span>ghted ave<span class=\"_ _2\"></span>rage l<span class=\"_ _2\"></span>endi<span class=\"_ _2\"></span>ng ma<span class=\"_ _2\"></span>rgin, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>isati<span class=\"_ _2\"></span>on of cost<span class=\"_ _2\"></span>s, of 2.4<span class=\"_ _2\"></span>6 per ce<span class=\"_ _2\"></span>nt per a<span class=\"_ _2\"></span>nnum<span class=\"_ _2\"></span> (202<span class=\"_ _0\"></span>4: 2.4<span class=\"_ _2\"></span>6 per cen<span class=\"_ _2\"></span>t). The va<span class=\"_ _2\"></span>riab<span class=\"_ _2\"></span>le rate b<span class=\"_ _2\"></span>orrowin<span class=\"_ _2\"></span>gs exp<span class=\"_ _2\"></span>ose th<span class=\"_ _2\"></span>e Group to c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ow interest r<span class=\"_ _2\"></span>ate risk as t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s incom<span class=\"_ _2\"></span>e and o<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>atin<span class=\"_ _2\"></span>g cash flo<span class=\"_ _2\"></span>ws will b<span class=\"_ _2\"></span>e af<span class=\"_ _2\"></span>fected by m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts in t<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>rket rate of inte<span class=\"_ _2\"></span>rest.<span class=\"_ _231\"> </span>At 30 J<span class=\"_ _2\"></span>une 2025, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up had f<span class=\"_ _2\"></span>ixed r<span class=\"_ _2\"></span>ate t<span class=\"_ _1\"></span>erm l<span class=\"_ _2\"></span>oans tot<span class=\"_ _2\"></span>allin<span class=\"_ _2\"></span>g \u00a315<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a31<span class=\"_ _2\"></span>50,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0) and h<span class=\"_ _2\"></span>ad he<span class=\"_ _2\"></span>dge<span class=\"_ _2\"></span>d its ex<span class=\"_ _2\"></span>posure to in<span class=\"_ _2\"></span>creases<span class=\"_ _2\"></span> in inte<span class=\"_ _2\"></span>rest rates o<span class=\"_ _2\"></span>n \u00a380,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a380,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00) of th<span class=\"_ _2\"></span>e var<span class=\"_ _2\"></span>iabl<span class=\"_ _2\"></span>e rate loan<span class=\"_ _2\"></span>s, as refer<span class=\"_ _2\"></span>red to above, t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h enteri<span class=\"_ _2\"></span>ng into a \u00a330<span class=\"_ _2\"></span>,000,<span class=\"_ _2\"></span>000<span class=\"_ _2\"></span> fixe<span class=\"_ _2\"></span>d rate intere<span class=\"_ _2\"></span>st rate sw<span class=\"_ _2\"></span>ap an<span class=\"_ _2\"></span>d a \u00a350,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 interes<span class=\"_ _2\"></span>t rate cap a<span class=\"_ _2\"></span>t 3.0 pe<span class=\"_ _2\"></span>r cent. Fi<span class=\"_ _2\"></span>xing t<span class=\"_ _2\"></span>he interes<span class=\"_ _2\"></span>t rate exp<span class=\"_ _2\"></span>oses t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up to fair v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> interes<span class=\"_ _2\"></span>t rate ris<span class=\"_ _2\"></span>k as the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e fixe<span class=\"_ _2\"></span>d rate bor<span class=\"_ _2\"></span>rowing<span class=\"_ _2\"></span>s, or t<span class=\"_ _2\"></span>he fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e of the i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative us<span class=\"_ _2\"></span>ed to fix t<span class=\"_ _2\"></span>he intere<span class=\"_ _2\"></span>st rate on a<span class=\"_ _2\"></span>n oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>wise v<span class=\"_ _2\"></span>aria<span class=\"_ _2\"></span>ble rate lo<span class=\"_ _2\"></span>an, wi<span class=\"_ _2\"></span>ll be af<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>ted by movem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s in the m<span class=\"_ _2\"></span>arket r<span class=\"_ _2\"></span>ate of interest<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e \u00a3150,<span class=\"_ _2\"></span>000,<span class=\"_ _2\"></span>000 f<span class=\"_ _2\"></span>ixed r<span class=\"_ _2\"></span>ate t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>rm loa<span class=\"_ _2\"></span>ns are ca<span class=\"_ _2\"></span>rrie<span class=\"_ _2\"></span>d at am<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tised cos<span class=\"_ _2\"></span>t on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s bala<span class=\"_ _2\"></span>nce she<span class=\"_ _2\"></span>et, wi<span class=\"_ _2\"></span>th the e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e and cos<span class=\"_ _2\"></span>t of repaym<span class=\"_ _2\"></span>ent b<span class=\"_ _2\"></span>eing d<span class=\"_ _2\"></span>isclose<span class=\"_ _2\"></span>d in Note 1<span class=\"_ _2\"></span>3, wh<span class=\"_ _2\"></span>ereas th<span class=\"_ _2\"></span>e fa<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e of the i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s are recogn<span class=\"_ _2\"></span>ised d<span class=\"_ _2\"></span>irect<span class=\"_ _2\"></span>ly on th<span class=\"_ _2\"></span>e Group\u2019s b<span class=\"_ _2\"></span>alan<span class=\"_ _2\"></span>ce she<span class=\"_ _2\"></span>et. At 30 J<span class=\"_ _2\"></span>une 2025 th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s interest r<span class=\"_ _2\"></span>ate deri<span class=\"_ _2\"></span>vativ<span class=\"_ _2\"></span>es, wh<span class=\"_ _2\"></span>ich ha<span class=\"_ _2\"></span>d a fair v<span class=\"_ _2\"></span>alue of \u00a3<span class=\"_ _2\"></span>572,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>2,820,0<span class=\"_ _2\"></span>00) an<span class=\"_ _2\"></span>d hed<span class=\"_ _2\"></span>ged a n<span class=\"_ _2\"></span>otio<span class=\"_ _2\"></span>nal va<span class=\"_ _2\"></span>lue of \u00a380,0<span class=\"_ _2\"></span>00,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a380,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00), a<span class=\"_ _2\"></span>nd its f<span class=\"_ _2\"></span>ixed r<span class=\"_ _2\"></span>ate t<span class=\"_ _1\"></span>erm l<span class=\"_ _2\"></span>oans of \u00a3<span class=\"_ _2\"></span>150,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>150,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00) we<span class=\"_ _2\"></span>re expo<span class=\"_ _2\"></span>sed to fai<span class=\"_ _2\"></span>r valu<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate ris<span class=\"_ _2\"></span>k. At 30 J<span class=\"_ _2\"></span>une 2025<span class=\"_ _2\"></span>, an increa<span class=\"_ _2\"></span>se of 0.<span class=\"_ _2\"></span>25 pe<span class=\"_ _2\"></span>r cent in intere<span class=\"_ _2\"></span>st rates wo<span class=\"_ _2\"></span>uld hav<span class=\"_ _2\"></span>e increase<span class=\"_ _2\"></span>d the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e interes<span class=\"_ _2\"></span>t rate der<span class=\"_ _2\"></span>ivat<span class=\"_ _2\"></span>ive ass<span class=\"_ _2\"></span>ets an<span class=\"_ _2\"></span>d increa<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>e othe<span class=\"_ _2\"></span>r compre<span class=\"_ _2\"></span>hens<span class=\"_ _2\"></span>ive inco<span class=\"_ _2\"></span>me an<span class=\"_ _2\"></span>d repor<span class=\"_ _2\"></span>ted tot<span class=\"_ _2\"></span>al comp<span class=\"_ _2\"></span>rehen<span class=\"_ _2\"></span>sive in<span class=\"_ _2\"></span>come for t<span class=\"_ _2\"></span>he year by \u00a365,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _2\"></span>235,0<span class=\"_ _2\"></span>00). Th<span class=\"_ _2\"></span>e sam<span class=\"_ _2\"></span>e increas<span class=\"_ _2\"></span>e in interes<span class=\"_ _2\"></span>t rates wo<span class=\"_ _2\"></span>uld have d<span class=\"_ _2\"></span>ecrease<span class=\"_ _2\"></span>d the f<span class=\"_ _2\"></span>air va<span class=\"_ _2\"></span>lue of th<span class=\"_ _2\"></span>e fixe<span class=\"_ _2\"></span>d rate term lo<span class=\"_ _2\"></span>ans by an a<span class=\"_ _2\"></span>ggreg<span class=\"_ _2\"></span>ate of \u00a32,047<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a32,<span class=\"_ _2\"></span>22<span class=\"_ _2\"></span>1,0<span class=\"_ _2\"></span>00); howeve<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>, as th<span class=\"_ _2\"></span>e fixe<span class=\"_ _2\"></span>d rate loan i<span class=\"_ _2\"></span>s held a<span class=\"_ _2\"></span>t amor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>ed cost<span class=\"_ _2\"></span>, the rep<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ted tota<span class=\"_ _2\"></span>l compre<span class=\"_ _2\"></span>hens<span class=\"_ _2\"></span>ive inco<span class=\"_ _2\"></span>me for th<span class=\"_ _2\"></span>e year wou<span class=\"_ _2\"></span>ld have rema<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>d uncha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>d. A de<span class=\"_ _2\"></span>crease in inte<span class=\"_ _2\"></span>rest rate<span class=\"_ _2\"></span>s would h<span class=\"_ _2\"></span>ave had a<span class=\"_ _2\"></span>n app<span class=\"_ _2\"></span>ro<span class=\"_ _0\"></span>x<span class=\"_ _2\"></span>imatel<span class=\"_ _2\"></span>y equa<span class=\"_ _2\"></span>l and o<span class=\"_ _2\"></span>ppos<span class=\"_ _2\"></span>ite effe<span class=\"_ _2\"></span>ct. Fur<span class=\"_ _2\"></span>ther d<span class=\"_ _2\"></span>etai<span class=\"_ _2\"></span>ls on t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s bo<span class=\"_ _2\"></span>rrowin<span class=\"_ _2\"></span>gs are det<span class=\"_ _2\"></span>aile<span class=\"_ _2\"></span>d in Note 1<span class=\"_ _2\"></span>3 and cha<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>s subse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>nt to the year e<span class=\"_ _2\"></span>nd are d<span class=\"_ _2\"></span>etai<span class=\"_ _2\"></span>led in No<span class=\"_ _2\"></span>te 20.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e follow<span class=\"_ _2\"></span>ing ta<span class=\"_ _2\"></span>ble se<span class=\"_ _2\"></span>ts out t<span class=\"_ _2\"></span>he ca<span class=\"_ _2\"></span>rr<span class=\"_ _2\"></span>yin<span class=\"_ _2\"></span>g amo<span class=\"_ _2\"></span>unt of th<span class=\"_ _2\"></span>e Group\u2019s f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s tha<span class=\"_ _2\"></span>t are exp<span class=\"_ _2\"></span>osed to cas<span class=\"_ _2\"></span>h flow in<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>eres<span class=\"_ _2\"></span>t rate risk<span class=\"_ _2\"></span>:<span class=\"_ _231\"> </span><table class=\"s w2e9 hd7\" id=\"_f726dbd3-e434-45f6-ab0e-7967bfe97826\"><tr><td></td><td></td><td class=\"c n x48d y199d w2ea hc3\"><div class=\"t m0 x154 hd y1889 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t 30 Jun<span class=\"_ _2\"></span>e 2025<span class=\"_ _231\"> </span></div></td><td></td><td class=\"c n x48e y199d w2eb hae\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at 30 J<span class=\"_ _2\"></span>une 20<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x48f h1d y199e ff24 fs8 fc1 sc0 ls52 ws155\">Fixed r<span class=\"_ _2\"></span>ate<span class=\"_ _231\"> </span></td><td class=\"t m0 x490 h1d y199e ff24 fs8 fc1 sc0 ls53 ws50\">Variable rate<span class=\"_ _231\"> </span></td><td class=\"t m0 x431 hd y199e ff25 fs8 fc1 sc0 ls141 ws16b\">Fix<span class=\"_ _2\"></span>ed ra<span class=\"_ _2\"></span>te<span class=\"_ _231\"> </span></td><td class=\"t m0 x491 hd y199e ff25 fs8 fc1 sc0 ls1d ws18\">Vari<span class=\"_ _1\"></span>able ra<span class=\"_ _1\"></span>te<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x160 h1d y199f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x161 h1d y199f ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y199f ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y199f ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1924 wa3 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Cash and ca<span class=\"_ _0\"></span>sh equivalents<span class=\"_ _231\"> </span></div></td><td class=\"c n x492 y1924 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x493 y1924 wa5 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">39,639<span class=\"_ _231\"> </span></div></td><td class=\"c n x494 y1924 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x495 y1924 wa6 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">38,884<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w9c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>e derivatives<span class=\"_ _231\"> </span></div></td><td class=\"c n x496 y1925 wa2 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls2f ws62\">572<span class=\"_ _231\"> </span></div></td><td class=\"c n x497 y1925 w2f hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td><td class=\"c n x498 y1925 w9d haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsac ws9f\">2,<span class=\"_ _2\"></span>820<span class=\"_ _231\"> </span></div></td><td class=\"c n x499 y1925 w2c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">\u2013<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 wac haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws44\">Loans<span class=\"_ _231\"> </span></div></td><td class=\"c n x49a y18e4 w2ec hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(230,00<span class=\"_ _2\"></span>0)<span class=\"_ _231\"> </span></div></td><td class=\"c n x49b y18e4 w2ed hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls63 ws64\">(12,000)<span class=\"_ _231\"> </span></div></td><td class=\"c n x49c y18e4 w2ee haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">(230,0<span class=\"_ _2\"></span>00)<span class=\"_ _231\"> </span></div></td><td class=\"c n x49d y18e4 w29f haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls14d ws77\">(13,<span class=\"_ _0\"></span>000)<span class=\"_ _231\"> </span></div></td></tr><tr><td></td><td class=\"c n x333 y18da w2ef hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls82 ws89\">(229,428)<span class=\"_ _231\"> </span></div></td><td class=\"c n x49e y18da w2f0 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls14b ws164\">2<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _2\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x49f y18da w2f1 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">(227<span class=\"_ _0\"></span>,180)<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a0 y18da w2f2 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">25,884<span class=\"_ _231\"> </span></div></td></tr></table>Bas<span class=\"_ _2\"></span>ed on th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s expos<span class=\"_ _2\"></span>ure to cash f<span class=\"_ _2\"></span>low interes<span class=\"_ _2\"></span>t rate risk<span class=\"_ _2\"></span>, an in<span class=\"_ _2\"></span>crease of 0.<span class=\"_ _2\"></span>25 p<span class=\"_ _2\"></span>er cent in i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ates would h<span class=\"_ _2\"></span>ave increa<span class=\"_ _2\"></span>sed th<span class=\"_ _2\"></span>e repo<span class=\"_ _2\"></span>rted p<span class=\"_ _2\"></span>rofit<span class=\"_ _2\"></span> for th<span class=\"_ _2\"></span>e year an<span class=\"_ _2\"></span>d the n<span class=\"_ _2\"></span>et asse<span class=\"_ _2\"></span>ts at th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>d by \u00a3<span class=\"_ _0\"></span>69,0<span class=\"_ _2\"></span>00 (202<span class=\"_ _1\"></span>4: \u00a3<span class=\"_ _0\"></span>65<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0), a decreas<span class=\"_ _2\"></span>e in interes<span class=\"_ _2\"></span>t rates wo<span class=\"_ _2\"></span>uld have a<span class=\"_ _2\"></span>n equ<span class=\"_ _2\"></span>al and o<span class=\"_ _2\"></span>pp<span class=\"_ _2\"></span>osite effe<span class=\"_ _2\"></span>ct.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>ese m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts are c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ated base<span class=\"_ _2\"></span>d on ba<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>ces as at 30 Ju<span class=\"_ _2\"></span>ne 2025 (30 J<span class=\"_ _2\"></span>une 2024) and may n<span class=\"_ _2\"></span>ot be ref<span class=\"_ _2\"></span>lect<span class=\"_ _2\"></span>ive of ac<span class=\"_ _2\"></span>tual f<span class=\"_ _2\"></span>uture con<span class=\"_ _2\"></span>ditio<span class=\"_ _2\"></span>ns.<span class=\"_ _231\"> </span>Market p<span class=\"_ _2\"></span>rice risk<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent of m<span class=\"_ _2\"></span>arket pr<span class=\"_ _2\"></span>ice risk i<span class=\"_ _2\"></span>s par<span class=\"_ _2\"></span>t of the i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment m<span class=\"_ _2\"></span>anag<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt proces<span class=\"_ _2\"></span>s and i<span class=\"_ _2\"></span>s ty<span class=\"_ _2\"></span>pica<span class=\"_ _2\"></span>l of a prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment co<span class=\"_ _2\"></span>mpany. Th<span class=\"_ _2\"></span>e por<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio<span class=\"_ _2\"></span> is ma<span class=\"_ _2\"></span>nag<span class=\"_ _2\"></span>ed with a<span class=\"_ _2\"></span>n aware<span class=\"_ _2\"></span>ness o<span class=\"_ _2\"></span>f the ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>s of ad<span class=\"_ _2\"></span>verse v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>ion m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nts th<span class=\"_ _2\"></span>rough d<span class=\"_ _2\"></span>etai<span class=\"_ _2\"></span>led an<span class=\"_ _2\"></span>d contin<span class=\"_ _2\"></span>uing a<span class=\"_ _2\"></span>naly<span class=\"_ _2\"></span>sis, w<span class=\"_ _2\"></span>ith an o<span class=\"_ _2\"></span>bjec<span class=\"_ _2\"></span>tive of<span class=\"_ _2\"></span> maximising<span class=\"_ _0\"></span> overall r<span class=\"_ _0\"></span>eturns t<span class=\"_ _0\"></span>o shareholders. In<span class=\"_ _0\"></span>vestments in pr<span class=\"_ _0\"></span>op<span class=\"_ _2\"></span>erty and propert<span class=\"_ _2\"></span>y-relat<span class=\"_ _0\"></span>ed assets are<span class=\"_ _0\"></span> inherently<span class=\"_ _0\"></span> dif<span class=\"_ _2\"></span>fic<span class=\"_ _1\"></span>ult t<span class=\"_ _0\"></span>o value due<span class=\"_ _0\"></span> to the i<span class=\"_ _1\"></span>ndividual natu<span class=\"_ _2\"></span>re of each pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. A<span class=\"_ _2\"></span>s a resu<span class=\"_ _2\"></span>lt, va<span class=\"_ _2\"></span>luati<span class=\"_ _2\"></span>ons are su<span class=\"_ _2\"></span>bjec<span class=\"_ _2\"></span>t to subst<span class=\"_ _2\"></span>anti<span class=\"_ _2\"></span>al unce<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>y<span class=\"_ _1\"></span>. Th<span class=\"_ _2\"></span>ere is no a<span class=\"_ _2\"></span>ssur<span class=\"_ _2\"></span>ance th<span class=\"_ _2\"></span>at the es<span class=\"_ _2\"></span>tima<span class=\"_ _2\"></span>tes result<span class=\"_ _2\"></span>ing fro<span class=\"_ _2\"></span>m the<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>n proces<span class=\"_ _2\"></span>s will ref<span class=\"_ _2\"></span>lec<span class=\"_ _2\"></span>t the ac<span class=\"_ _2\"></span>tual s<span class=\"_ _2\"></span>ales p<span class=\"_ _2\"></span>rice eve<span class=\"_ _2\"></span>n where s<span class=\"_ _2\"></span>uch sa<span class=\"_ _2\"></span>les occur s<span class=\"_ _2\"></span>hor<span class=\"_ _2\"></span>tly af<span class=\"_ _2\"></span>ter th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n date. Such r<span class=\"_ _2\"></span>isk is mi<span class=\"_ _2\"></span>nimis<span class=\"_ _2\"></span>ed thro<span class=\"_ _2\"></span>ugh th<span class=\"_ _2\"></span>e ap<span class=\"_ _2\"></span>point<span class=\"_ _2\"></span>ment o<span class=\"_ _2\"></span>f exter<span class=\"_ _2\"></span>nal pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y valu<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span>. The b<span class=\"_ _2\"></span>asis of v<span class=\"_ _2\"></span>aluati<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfol<span class=\"_ _2\"></span>io is set o<span class=\"_ _2\"></span>ut in det<span class=\"_ _2\"></span>ail in t<span class=\"_ _2\"></span>he accoun<span class=\"_ _2\"></span>ting p<span class=\"_ _2\"></span>olici<span class=\"_ _2\"></span>es an<span class=\"_ _2\"></span>d Note 9.<span class=\"_ _231\"> </span>A<span class=\"_ _2\"></span>s set out in N<span class=\"_ _2\"></span>ote 9, the ex<span class=\"_ _2\"></span>terna<span class=\"_ _2\"></span>l valu<span class=\"_ _2\"></span>ers are m<span class=\"_ _2\"></span>indf<span class=\"_ _2\"></span>ul of th<span class=\"_ _2\"></span>e potenti<span class=\"_ _2\"></span>al imp<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s ESG may h<span class=\"_ _2\"></span>ave on ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l and re<span class=\"_ _2\"></span>ntal v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span>. Current<span class=\"_ _2\"></span>ly in th<span class=\"_ _2\"></span>e UK<span class=\"_ _2\"></span>, de<span class=\"_ _2\"></span>mand<span class=\"_ _2\"></span>s for more p<span class=\"_ _2\"></span>recise an<span class=\"_ _2\"></span>d rig<span class=\"_ _2\"></span>orous va<span class=\"_ _2\"></span>luati<span class=\"_ _2\"></span>on of sus<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>nabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y features h<span class=\"_ _2\"></span>ave grown; how<span class=\"_ _2\"></span>ever<span class=\"_ _0\"></span>, t<span class=\"_ _2\"></span>here is s<span class=\"_ _2\"></span>till a ga<span class=\"_ _2\"></span>p in the e<span class=\"_ _2\"></span>xact k<span class=\"_ _2\"></span>nowle<span class=\"_ _2\"></span>dge of h<span class=\"_ _2\"></span>ow to valu<span class=\"_ _2\"></span>e sust<span class=\"_ _2\"></span>aina<span class=\"_ _2\"></span>bil<span class=\"_ _2\"></span>ity fea<span class=\"_ _2\"></span>tures to ap<span class=\"_ _2\"></span>propr<span class=\"_ _2\"></span>iately ref<span class=\"_ _2\"></span>lect a \u2018gre<span class=\"_ _2\"></span>en prem<span class=\"_ _2\"></span>ium\u2019 or \u2018<span class=\"_ _2\"></span>brow<span class=\"_ _2\"></span>n discoun<span class=\"_ _2\"></span>t\u2019. Sentim<span class=\"_ _2\"></span>ent is s<span class=\"_ _2\"></span>hif<span class=\"_ _2\"></span>ting tow<span class=\"_ _2\"></span>ards a focus o<span class=\"_ _2\"></span>n ene<span class=\"_ _2\"></span>rgy use,<span class=\"_ _2\"></span> ensuring buil<span class=\"_ _0\"></span>dings meet envir<span class=\"_ _0\"></span>onmental energy e<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>ficiency standard<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> with regulati<span class=\"_ _1\"></span>on being tigh<span class=\"_ _0\"></span>tened to<span class=\"_ _0\"></span> meet the UK go<span class=\"_ _0\"></span>vernment\u2019s \u2018<span class=\"_ _0\"></span>net zer<span class=\"_ _0\"></span>o carbon\u2019 target.<span class=\"_ _1\"></span> The more<span class=\"_ _1\"></span> stringent Minimum<span class=\"_ _0\"></span> Energy E<span class=\"_ _0\"></span>f<span class=\"_ _2\"></span>ficiency S<span class=\"_ _0\"></span>tandards\u2019<span class=\"_ _0\"></span> regulations wil<span class=\"_ _0\"></span>l require<span class=\"_ _0\"></span> landlords, especi<span class=\"_ _1\"></span>ally tho<span class=\"_ _0\"></span>se whose pr<span class=\"_ _0\"></span>op<span class=\"_ _2\"></span>erties do no<span class=\"_ _0\"></span>t meet the M<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>um Ene<span class=\"_ _2\"></span>rgy Eff<span class=\"_ _2\"></span>icie<span class=\"_ _2\"></span>ncy St<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ards\u2019 regul<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns, to inve<span class=\"_ _2\"></span>st fu<span class=\"_ _2\"></span>rth<span class=\"_ _2\"></span>er in t<span class=\"_ _2\"></span>heir p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es. I<span class=\"_ _2\"></span>n add<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>, the U<span class=\"_ _2\"></span>K\u2019s intro<span class=\"_ _2\"></span>duc<span class=\"_ _2\"></span>tion of m<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>ator<span class=\"_ _2\"></span>y clima<span class=\"_ _2\"></span>te rela<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed di<span class=\"_ _2\"></span>sclosu<span class=\"_ _2\"></span>res and t<span class=\"_ _2\"></span>he Europ<span class=\"_ _2\"></span>ean Uni<span class=\"_ _2\"></span>on\u2019s Sus<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>nabl<span class=\"_ _2\"></span>e Finan<span class=\"_ _2\"></span>ce Discl<span class=\"_ _2\"></span>osure Reg<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>ons ma<span class=\"_ _2\"></span>y impa<span class=\"_ _2\"></span>ct on as<span class=\"_ _2\"></span>set va<span class=\"_ _2\"></span>lues<span class=\"_ _2\"></span>, or how t<span class=\"_ _2\"></span>he mar<span class=\"_ _2\"></span>ket view<span class=\"_ _2\"></span>s risks<span class=\"_ _0\"></span> and<span class=\"_ _1\"></span> inc<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>them i<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>sale <span class=\"_ _0\"></span>or le<span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>ng of<span class=\"_ _0\"></span> asse<span class=\"_ _0\"></span>ts<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _2\"></span>ere is al<span class=\"_ _2\"></span>so th<span class=\"_ _2\"></span>e potenti<span class=\"_ _2\"></span>al tha<span class=\"_ _2\"></span>t future le<span class=\"_ _2\"></span>gisl<span class=\"_ _2\"></span>ative cha<span class=\"_ _2\"></span>nge, s<span class=\"_ _2\"></span>uch as an u<span class=\"_ _2\"></span>pdate to th<span class=\"_ _2\"></span>e Min<span class=\"_ _2\"></span>imum En<span class=\"_ _2\"></span>ergy Ef<span class=\"_ _2\"></span>fici<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y Stan<span class=\"_ _2\"></span>dards o<span class=\"_ _2\"></span>r the int<span class=\"_ _2\"></span>rodu<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n of an op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l ratin<span class=\"_ _2\"></span>g, may i<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ct fut<span class=\"_ _2\"></span>ure prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty va<span class=\"_ _2\"></span>luati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Any ch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>es in ma<span class=\"_ _2\"></span>rket cond<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>s will d<span class=\"_ _2\"></span>irectl<span class=\"_ _2\"></span>y affe<span class=\"_ _2\"></span>ct the p<span class=\"_ _2\"></span>rofit an<span class=\"_ _2\"></span>d loss re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ted th<span class=\"_ _2\"></span>rough t<span class=\"_ _2\"></span>he Statem<span class=\"_ _2\"></span>ent of Com<span class=\"_ _2\"></span>preh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve Incom<span class=\"_ _2\"></span>e. Det<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>s of the G<span class=\"_ _2\"></span>roup\u2019s in<span class=\"_ _2\"></span>vestm<span class=\"_ _2\"></span>ent pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y por<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>folio h<span class=\"_ _2\"></span>eld at th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet date are d<span class=\"_ _2\"></span>isclose<span class=\"_ _2\"></span>d in Note 9. A 10 per ce<span class=\"_ _2\"></span>nt increas<span class=\"_ _2\"></span>e in the c<span class=\"_ _2\"></span>arr<span class=\"_ _2\"></span>yi<span class=\"_ _2\"></span>ng va<span class=\"_ _2\"></span>lue of the i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>es as at 30 J<span class=\"_ _2\"></span>une 2025 (3<span class=\"_ _2\"></span>0 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4) wou<span class=\"_ _2\"></span>ld have in<span class=\"_ _2\"></span>creased n<span class=\"_ _2\"></span>et asse<span class=\"_ _2\"></span>ts ava<span class=\"_ _2\"></span>ilab<span class=\"_ _2\"></span>le to sha<span class=\"_ _2\"></span>rehol<span class=\"_ _2\"></span>ders a<span class=\"_ _2\"></span>nd in<span class=\"_ _2\"></span>creased t<span class=\"_ _2\"></span>he net inco<span class=\"_ _2\"></span>me for th<span class=\"_ _2\"></span>e year by \u00a384<span class=\"_ _2\"></span>,043,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a383,1<span class=\"_ _2\"></span>57<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0)<span class=\"_ _1\"></span>; an e<span class=\"_ _2\"></span>qual a<span class=\"_ _2\"></span>nd op<span class=\"_ _2\"></span>posite m<span class=\"_ _2\"></span>ovemen<span class=\"_ _2\"></span>t would h<span class=\"_ _2\"></span>ave decrea<span class=\"_ _2\"></span>sed ne<span class=\"_ _2\"></span>t asset<span class=\"_ _2\"></span>s and d<span class=\"_ _2\"></span>ecrease<span class=\"_ _2\"></span>d the n<span class=\"_ _2\"></span>et inco<span class=\"_ _2\"></span>me by an e<span class=\"_ _2\"></span>quiv<span class=\"_ _2\"></span>alent a<span class=\"_ _2\"></span>mou<span class=\"_ _2\"></span>nt.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e calcu<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>ons are ba<span class=\"_ _2\"></span>sed on t<span class=\"_ _2\"></span>he inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>ions at t<span class=\"_ _2\"></span>he resp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>ive ba<span class=\"_ _2\"></span>lance sh<span class=\"_ _2\"></span>eet da<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>e an<span class=\"_ _2\"></span>d may not b<span class=\"_ _2\"></span>e refle<span class=\"_ _2\"></span>ctive of f<span class=\"_ _2\"></span>uture market<span class=\"_ _1\"></span> conditions.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-394": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls15 ws12 gs32f\">17<span class=\"_ _f\"></span>. Lease length<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs330\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p has ente<span class=\"_ _2\"></span>red into comm<span class=\"_ _2\"></span>ercial p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y leas<span class=\"_ _2\"></span>es on it<span class=\"_ _2\"></span>s inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfoli<span class=\"_ _2\"></span>o. Th<span class=\"_ _2\"></span>ese pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s, he<span class=\"_ _2\"></span>ld un<span class=\"_ _2\"></span>der op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing le<span class=\"_ _2\"></span>ases<span class=\"_ _2\"></span>, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs331\">are me<span class=\"_ _2\"></span>asured u<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>r the fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue mo<span class=\"_ _2\"></span>del as t<span class=\"_ _2\"></span>he pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s are hel<span class=\"_ _2\"></span>d to earn rent<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>s. All l<span class=\"_ _2\"></span>eases a<span class=\"_ _2\"></span>re non<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>cellab<span class=\"_ _2\"></span>le leas<span class=\"_ _2\"></span>es with l<span class=\"_ _2\"></span>ease term<span class=\"_ _2\"></span>s </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs332\">rema<span class=\"_ _2\"></span>inin<span class=\"_ _2\"></span>g of bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n 15 an<span class=\"_ _2\"></span>d 35 year<span class=\"_ _2\"></span>s (202<span class=\"_ _0\"></span>4: bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n 16 and 35 yea<span class=\"_ _2\"></span>rs)<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs333\">Th<span class=\"_ _2\"></span>e mini<span class=\"_ _2\"></span>mum le<span class=\"_ _2\"></span>ase paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s base<span class=\"_ _2\"></span>d on th<span class=\"_ _2\"></span>e unex<span class=\"_ _2\"></span>pired le<span class=\"_ _2\"></span>ssor l<span class=\"_ _2\"></span>ease le<span class=\"_ _2\"></span>ngth at t<span class=\"_ _2\"></span>he year-<span class=\"_ _2\"></span>end w<span class=\"_ _2\"></span>ere as follow<span class=\"_ _2\"></span>s (base<span class=\"_ _2\"></span>d on an<span class=\"_ _2\"></span>nual re<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span>s)<span class=\"_ _1\"></span>:<span class=\"_ _231\"> </span></div><div class=\"gs334\"><table class=\"s w14a hd1\" id=\"_90987187-ea30-41a9-a3a1-de740306574c\"><tr><td></td><td class=\"t m0 x1ef h1d y19a0 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y19a0 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y19a1 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y19a1 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y19a2 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y19a2 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1988 w2f3 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls4 ws1\">Less t<span class=\"_ _2\"></span>han o<span class=\"_ _2\"></span>ne year<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a1 y1988 w2f4 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">61<span class=\"_ _2\"></span>,162<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a2 y1988 w2f5 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls55 ws53\">59,<span class=\"_ _2\"></span>00<span class=\"_ _2\"></span>1<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y192f w2f6 hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n one a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>wo year<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a3 y192f w2f7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls144 ws15d\">62<span class=\"_ _5\"></span>,5<span class=\"_ _2\"></span>47<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a4 y192f w2f8 hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">60,180<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1930 w2f9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Between two and thr<span class=\"_ _0\"></span>ee years<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a5 y1930 w2fa hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">63,<span class=\"_ _2\"></span>529<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a6 y1930 w2fb haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsab wsa5\">61,<span class=\"_ _2\"></span>126<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w2fc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Between three<span class=\"_ _0\"></span> and four y<span class=\"_ _0\"></span>ears<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a7 y1924 w2fd hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">64,52<span class=\"_ _2\"></span>8<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a8 y1924 w2fe haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsac ws9f\">62<span class=\"_ _2\"></span>,087<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w2ff haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Between four<span class=\"_ _0\"></span> and five ye<span class=\"_ _0\"></span>ars<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a9 y1925 w300 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4f ws12\">65,5<span class=\"_ _2\"></span>45<span class=\"_ _231\"> </span></div></td><td class=\"c n x4aa y1925 w301 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">63,066<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w302 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Over five<span class=\"_ _0\"></span> years<span class=\"_ _231\"> </span></div></td><td class=\"c n x4ab y18e4 w303 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5a ws59\">1<span class=\"_ _2\"></span>,638,302<span class=\"_ _231\"> </span></div></td><td class=\"c n x4ac y18e4 w304 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">1<span class=\"_ _2\"></span>,6<span class=\"_ _0\"></span>23<span class=\"_ _2\"></span>,7<span class=\"_ _0\"></span>09<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x4ad y18da w305 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>,955<span class=\"_ _2\"></span>,613<span class=\"_ _231\"> </span></div></td><td class=\"c n x4ae y18da w306 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">1<span class=\"_ _2\"></span>,929,<span class=\"_ _2\"></span>169<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs335\">Th<span class=\"_ _2\"></span>e larg<span class=\"_ _2\"></span>est si<span class=\"_ _2\"></span>ngle ten<span class=\"_ _2\"></span>ant at th<span class=\"_ _2\"></span>e year-<span class=\"_ _2\"></span>end a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>unted for 16<span class=\"_ _2\"></span>.0 per ce<span class=\"_ _2\"></span>nt (202<span class=\"_ _0\"></span>4: 16.1 p<span class=\"_ _2\"></span>er cent<span class=\"_ _2\"></span>) of the cu<span class=\"_ _2\"></span>rrent an<span class=\"_ _2\"></span>nual re<span class=\"_ _2\"></span>ntal i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span>re were no </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs336\">uno<span class=\"_ _2\"></span>ccupie<span class=\"_ _2\"></span>d prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties a<span class=\"_ _2\"></span>t the yea<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>d (202<span class=\"_ _0\"></span>4: no<span class=\"_ _2\"></span>ne).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-362": {
   "value": "17<span class=\"_ _f\"></span>. Lease length<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p has ente<span class=\"_ _2\"></span>red into comm<span class=\"_ _2\"></span>ercial p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y leas<span class=\"_ _2\"></span>es on it<span class=\"_ _2\"></span>s inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfoli<span class=\"_ _2\"></span>o. Th<span class=\"_ _2\"></span>ese pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s, he<span class=\"_ _2\"></span>ld un<span class=\"_ _2\"></span>der op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing le<span class=\"_ _2\"></span>ases<span class=\"_ _2\"></span>, are me<span class=\"_ _2\"></span>asured u<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>r the fa<span class=\"_ _2\"></span>ir val<span class=\"_ _2\"></span>ue mo<span class=\"_ _2\"></span>del as t<span class=\"_ _2\"></span>he pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s are hel<span class=\"_ _2\"></span>d to earn rent<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>s. All l<span class=\"_ _2\"></span>eases a<span class=\"_ _2\"></span>re non<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>cellab<span class=\"_ _2\"></span>le leas<span class=\"_ _2\"></span>es with l<span class=\"_ _2\"></span>ease term<span class=\"_ _2\"></span>s rema<span class=\"_ _2\"></span>inin<span class=\"_ _2\"></span>g of bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n 15 an<span class=\"_ _2\"></span>d 35 year<span class=\"_ _2\"></span>s (202<span class=\"_ _0\"></span>4: bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n 16 and 35 yea<span class=\"_ _2\"></span>rs)<span class=\"_ _0\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e mini<span class=\"_ _2\"></span>mum le<span class=\"_ _2\"></span>ase paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s base<span class=\"_ _2\"></span>d on th<span class=\"_ _2\"></span>e unex<span class=\"_ _2\"></span>pired le<span class=\"_ _2\"></span>ssor l<span class=\"_ _2\"></span>ease le<span class=\"_ _2\"></span>ngth at t<span class=\"_ _2\"></span>he year-<span class=\"_ _2\"></span>end w<span class=\"_ _2\"></span>ere as follow<span class=\"_ _2\"></span>s (base<span class=\"_ _2\"></span>d on an<span class=\"_ _2\"></span>nual re<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span>s)<span class=\"_ _1\"></span>:<span class=\"_ _231\"> </span><table class=\"s w14a hd1\" id=\"_90987187-ea30-41a9-a3a1-de740306574c\"><tr><td></td><td class=\"t m0 x1ef h1d y19a0 ff24 fs8 fc1 sc0 ls1c ws1\">As a<span class=\"_ _2\"></span>t<span class=\"_ _231\"> </span></td><td class=\"t m0 x15c hd y19a0 ff25 fs8 fc1 sc0 ls1c ws1\">A<span class=\"_ _2\"></span>s at<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x1f0 h1d y19a1 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y19a1 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y19a2 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y19a2 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y1988 w2f3 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls4 ws1\">Less t<span class=\"_ _2\"></span>han o<span class=\"_ _2\"></span>ne year<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a1 y1988 w2f4 hb0\"><div class=\"t m0 x154 h17 y188e ff24 fs2 fc1 sc0 lsb2 wsb5\">61<span class=\"_ _2\"></span>,162<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a2 y1988 w2f5 haf\"><div class=\"t m0 x154 h17 y188e ff25 fs2 fc1 sc0 ls55 ws53\">59,<span class=\"_ _2\"></span>00<span class=\"_ _2\"></span>1<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y192f w2f6 hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n one a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>wo year<span class=\"_ _2\"></span>s<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a3 y192f w2f7 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls144 ws15d\">62<span class=\"_ _5\"></span>,5<span class=\"_ _2\"></span>47<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a4 y192f w2f8 hb1\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">60,180<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1930 w2f9 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Between two and thr<span class=\"_ _0\"></span>ee years<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a5 y1930 w2fa hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">63,<span class=\"_ _2\"></span>529<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a6 y1930 w2fb haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsab wsa5\">61,<span class=\"_ _2\"></span>126<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1924 w2fc haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Between three<span class=\"_ _0\"></span> and four y<span class=\"_ _0\"></span>ears<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a7 y1924 w2fd hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">64,52<span class=\"_ _2\"></span>8<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a8 y1924 w2fe haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 lsac ws9f\">62<span class=\"_ _2\"></span>,087<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y1925 w2ff haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Between four<span class=\"_ _0\"></span> and five ye<span class=\"_ _0\"></span>ars<span class=\"_ _231\"> </span></div></td><td class=\"c n x4a9 y1925 w300 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4f ws12\">65,5<span class=\"_ _2\"></span>45<span class=\"_ _231\"> </span></div></td><td class=\"c n x4aa y1925 w301 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">63,066<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18e4 w302 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls45 ws24\">Over five<span class=\"_ _0\"></span> years<span class=\"_ _231\"> </span></div></td><td class=\"c n x4ab y18e4 w303 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5a ws59\">1<span class=\"_ _2\"></span>,638,302<span class=\"_ _231\"> </span></div></td><td class=\"c n x4ac y18e4 w304 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls1 ws1\">1<span class=\"_ _2\"></span>,6<span class=\"_ _0\"></span>23<span class=\"_ _2\"></span>,7<span class=\"_ _0\"></span>09<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x4ad y18da w305 hb2\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 lsb2 wsb5\">1<span class=\"_ _2\"></span>,955<span class=\"_ _2\"></span>,613<span class=\"_ _231\"> </span></div></td><td class=\"c n x4ae y18da w306 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls58 ws56\">1<span class=\"_ _2\"></span>,929,<span class=\"_ _2\"></span>169<span class=\"_ _231\"> </span></div></td></tr></table>Th<span class=\"_ _2\"></span>e larg<span class=\"_ _2\"></span>est si<span class=\"_ _2\"></span>ngle ten<span class=\"_ _2\"></span>ant at th<span class=\"_ _2\"></span>e year-<span class=\"_ _2\"></span>end a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>unted for 16<span class=\"_ _2\"></span>.0 per ce<span class=\"_ _2\"></span>nt (202<span class=\"_ _0\"></span>4: 16.1 p<span class=\"_ _2\"></span>er cent<span class=\"_ _2\"></span>) of the cu<span class=\"_ _2\"></span>rrent an<span class=\"_ _2\"></span>nual re<span class=\"_ _2\"></span>ntal i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span>re were no uno<span class=\"_ _2\"></span>ccupie<span class=\"_ _2\"></span>d prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties a<span class=\"_ _2\"></span>t the yea<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>d (202<span class=\"_ _0\"></span>4: no<span class=\"_ _2\"></span>ne).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-363": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls15 ws12 gs338\">18. Contingent assets and liabilities<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs339\">A<span class=\"_ _2\"></span>s at 30 Jun<span class=\"_ _2\"></span>e 2025, on<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty (2024<span class=\"_ _1\"></span>: thre<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties) wit<span class=\"_ _2\"></span>hin th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s invest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y po<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>foli<span class=\"_ _2\"></span>o contai<span class=\"_ _2\"></span>ned a p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce paym<span class=\"_ _2\"></span>ent </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws68 gs33a\">cla<span class=\"_ _2\"></span>use whi<span class=\"_ _2\"></span>ch provid<span class=\"_ _2\"></span>ed th<span class=\"_ _2\"></span>at, su<span class=\"_ _2\"></span>bjec<span class=\"_ _2\"></span>t to contra<span class=\"_ _2\"></span>cted pe<span class=\"_ _2\"></span>rfo<span class=\"_ _2\"></span>rman<span class=\"_ _2\"></span>ce condit<span class=\"_ _2\"></span>ions b<span class=\"_ _2\"></span>ein<span class=\"_ _2\"></span>g met<span class=\"_ _2\"></span>, a fur<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r cap<span class=\"_ _2\"></span>ital p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt of \u00a31<span class=\"_ _2\"></span>,785,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a33<span class=\"_ _2\"></span>,695,00<span class=\"_ _2\"></span>0) </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs33b\">may b<span class=\"_ _2\"></span>e payab<span class=\"_ _2\"></span>le by th<span class=\"_ _2\"></span>e Group to th<span class=\"_ _2\"></span>e vend<span class=\"_ _2\"></span>or/t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>nant of t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he pote<span class=\"_ _2\"></span>ntial t<span class=\"_ _2\"></span>imin<span class=\"_ _2\"></span>g of this p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt is al<span class=\"_ _2\"></span>so condi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>al on th<span class=\"_ _2\"></span>e date(s) at </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs33c\">which t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> contracted<span class=\"_ _0\"></span> p<span class=\"_ _2\"></span>erformanc<span class=\"_ _0\"></span>e condition<span class=\"_ _1\"></span>s ar<span class=\"_ _0\"></span>e met and is<span class=\"_ _0\"></span> therefor<span class=\"_ _0\"></span>e uncertain.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs33d\">It is hi<span class=\"_ _2\"></span>ghli<span class=\"_ _2\"></span>ghted th<span class=\"_ _2\"></span>at any pe<span class=\"_ _2\"></span>rfo<span class=\"_ _2\"></span>rman<span class=\"_ _2\"></span>ce paym<span class=\"_ _2\"></span>ents s<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span>ly pai<span class=\"_ _2\"></span>d will res<span class=\"_ _2\"></span>ult in an i<span class=\"_ _2\"></span>ncrease i<span class=\"_ _2\"></span>n the rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come du<span class=\"_ _2\"></span>e from th<span class=\"_ _2\"></span>e tenant o<span class=\"_ _2\"></span>f the </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs33e\">relev<span class=\"_ _2\"></span>ant prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. A<span class=\"_ _2\"></span>s the n<span class=\"_ _2\"></span>et init<span class=\"_ _2\"></span>ial yi<span class=\"_ _2\"></span>eld use<span class=\"_ _2\"></span>d to calcu<span class=\"_ _2\"></span>late the a<span class=\"_ _2\"></span>ddit<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l renta<span class=\"_ _2\"></span>l which wo<span class=\"_ _2\"></span>uld b<span class=\"_ _2\"></span>e payab<span class=\"_ _2\"></span>le is not s<span class=\"_ _2\"></span>igni<span class=\"_ _2\"></span>fica<span class=\"_ _2\"></span>ntly dif<span class=\"_ _2\"></span>fere<span class=\"_ _2\"></span>nt from </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs33f\">the i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment y<span class=\"_ _2\"></span>ield u<span class=\"_ _2\"></span>sed to arr<span class=\"_ _2\"></span>ive at th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>ation of t<span class=\"_ _2\"></span>he pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s, any p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce pay<span class=\"_ _2\"></span>ment m<span class=\"_ _2\"></span>ade wo<span class=\"_ _2\"></span>uld be e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>cted to result i<span class=\"_ _2\"></span>n a </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs340\">comm<span class=\"_ _2\"></span>ensu<span class=\"_ _2\"></span>rate increa<span class=\"_ _2\"></span>se in th<span class=\"_ _2\"></span>e value o<span class=\"_ _2\"></span>f the G<span class=\"_ _2\"></span>roup\u2019s inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs341\">A<span class=\"_ _2\"></span>s at 30 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4, p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce cond<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>s had b<span class=\"_ _2\"></span>een m<span class=\"_ _2\"></span>et in relat<span class=\"_ _2\"></span>ion to t<span class=\"_ _2\"></span>wo prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>erefore \u00a31<span class=\"_ _2\"></span>,91<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>,000 h<span class=\"_ _2\"></span>ad be<span class=\"_ _2\"></span>en reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d as </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs342\">a lia<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>y at th<span class=\"_ _2\"></span>at date (see N<span class=\"_ _2\"></span>ote 1<span class=\"_ _0\"></span>4). An e<span class=\"_ _2\"></span>qua<span class=\"_ _2\"></span>l but op<span class=\"_ _2\"></span>posite am<span class=\"_ _2\"></span>ount h<span class=\"_ _2\"></span>ad be<span class=\"_ _2\"></span>en reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d as an as<span class=\"_ _2\"></span>set in \u2018<span class=\"_ _2\"></span>inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies\u2019 (see N<span class=\"_ _2\"></span>ote 9) to </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws9b gs343\">refle<span class=\"_ _2\"></span>ct th<span class=\"_ _2\"></span>e increas<span class=\"_ _2\"></span>e in the i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y valu<span class=\"_ _2\"></span>e that wo<span class=\"_ _2\"></span>uld ha<span class=\"_ _2\"></span>ve bee<span class=\"_ _2\"></span>n expe<span class=\"_ _2\"></span>cted to aris<span class=\"_ _2\"></span>e from th<span class=\"_ _2\"></span>e paym<span class=\"_ _2\"></span>ent of th<span class=\"_ _2\"></span>e per<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ance p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt(s) </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws9b gs344\">an<span class=\"_ _2\"></span>d the resu<span class=\"_ _2\"></span>ltin<span class=\"_ _2\"></span>g increas<span class=\"_ _2\"></span>e in the con<span class=\"_ _2\"></span>trac<span class=\"_ _2\"></span>ted renta<span class=\"_ _2\"></span>l incom<span class=\"_ _2\"></span>e. Th<span class=\"_ _2\"></span>ese p<span class=\"_ _2\"></span>erfo<span class=\"_ _2\"></span>rma<span class=\"_ _2\"></span>nce paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of \u00a31,910,00<span class=\"_ _2\"></span>0 were su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y paid a<span class=\"_ _2\"></span>nd rent<span class=\"_ _2\"></span>alise<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs345\">dur<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e year e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025. In rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n to the on<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>y p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce clau<span class=\"_ _2\"></span>se referred to a<span class=\"_ _2\"></span>bove wh<span class=\"_ _2\"></span>ich rema<span class=\"_ _2\"></span>ined o<span class=\"_ _2\"></span>uts<span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>ding a<span class=\"_ _2\"></span>t </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs346\">30 Ju<span class=\"_ _2\"></span>ne 2025, t<span class=\"_ _2\"></span>he Grou<span class=\"_ _2\"></span>p determ<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>d that th<span class=\"_ _2\"></span>e contr<span class=\"_ _2\"></span>acted p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce cond<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>s had n<span class=\"_ _2\"></span>ot bee<span class=\"_ _2\"></span>n met at th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet date. </div><div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs347\">19<span class=\"_ _0\"></span>. Capital c<span class=\"_ _0\"></span>ommitments<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs348\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p had c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al comm<span class=\"_ _2\"></span>itme<span class=\"_ _2\"></span>nts as fo<span class=\"_ _2\"></span>llows:<span class=\"_ _231\"> </span></div><div class=\"gs349\"><table class=\"s w14a hd8\" id=\"_ebcfab3c-9675-48d6-b87f-ff802dab90a9\"><tr><td></td><td class=\"t m0 x1f0 h1d y19a3 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y19a3 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y19a4 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y19a4 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y191c w307 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s due to com<span class=\"_ _2\"></span>plete for<span class=\"_ _2\"></span>wa<span class=\"_ _2\"></span>rd fund d<span class=\"_ _2\"></span>evelo<span class=\"_ _2\"></span>pme<span class=\"_ _2\"></span>nts<span class=\"_ _231\"> </span></div></td><td class=\"c n x4af y191c w308 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws55\">912<span class=\"_ _231\"> </span></div></td><td class=\"c n x4b0 y191c w309 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">4,7<span class=\"_ _2\"></span>23<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191d w30a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Oth<span class=\"_ _2\"></span>er capit<span class=\"_ _2\"></span>al expen<span class=\"_ _2\"></span>diture commitme<span class=\"_ _2\"></span>nts<span class=\"_ _231\"> </span></div></td><td class=\"c n x4b1 y191d w30b hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls63 ws64\">1<span class=\"_ _2\"></span>,113<span class=\"_ _231\"> </span></div></td><td class=\"c n x4b2 y191d w30c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls49 wsf0\">39<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d4 y18da w30d hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">2,02<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td><td class=\"c n x4b3 y18da w30e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">5<span class=\"_ _2\"></span>,117</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-407": {
   "value": "18. Contingent assets and liabilities<span class=\"_ _231\"> </span>A<span class=\"_ _2\"></span>s at 30 Jun<span class=\"_ _2\"></span>e 2025, on<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty (2024<span class=\"_ _1\"></span>: thre<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties) wit<span class=\"_ _2\"></span>hin th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s invest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y po<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>foli<span class=\"_ _2\"></span>o contai<span class=\"_ _2\"></span>ned a p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce paym<span class=\"_ _2\"></span>ent cla<span class=\"_ _2\"></span>use whi<span class=\"_ _2\"></span>ch provid<span class=\"_ _2\"></span>ed th<span class=\"_ _2\"></span>at, su<span class=\"_ _2\"></span>bjec<span class=\"_ _2\"></span>t to contra<span class=\"_ _2\"></span>cted pe<span class=\"_ _2\"></span>rfo<span class=\"_ _2\"></span>rman<span class=\"_ _2\"></span>ce condit<span class=\"_ _2\"></span>ions b<span class=\"_ _2\"></span>ein<span class=\"_ _2\"></span>g met<span class=\"_ _2\"></span>, a fur<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r cap<span class=\"_ _2\"></span>ital p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt of \u00a31<span class=\"_ _2\"></span>,785,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a33<span class=\"_ _2\"></span>,695,00<span class=\"_ _2\"></span>0) may b<span class=\"_ _2\"></span>e payab<span class=\"_ _2\"></span>le by th<span class=\"_ _2\"></span>e Group to th<span class=\"_ _2\"></span>e vend<span class=\"_ _2\"></span>or/t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>nant of t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he pote<span class=\"_ _2\"></span>ntial t<span class=\"_ _2\"></span>imin<span class=\"_ _2\"></span>g of this p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt is al<span class=\"_ _2\"></span>so condi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>al on th<span class=\"_ _2\"></span>e date(s) at which t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> contracted<span class=\"_ _0\"></span> p<span class=\"_ _2\"></span>erformanc<span class=\"_ _0\"></span>e condition<span class=\"_ _1\"></span>s ar<span class=\"_ _0\"></span>e met and is<span class=\"_ _0\"></span> therefor<span class=\"_ _0\"></span>e uncertain.<span class=\"_ _231\"> </span>It is hi<span class=\"_ _2\"></span>ghli<span class=\"_ _2\"></span>ghted th<span class=\"_ _2\"></span>at any pe<span class=\"_ _2\"></span>rfo<span class=\"_ _2\"></span>rman<span class=\"_ _2\"></span>ce paym<span class=\"_ _2\"></span>ents s<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span>ly pai<span class=\"_ _2\"></span>d will res<span class=\"_ _2\"></span>ult in an i<span class=\"_ _2\"></span>ncrease i<span class=\"_ _2\"></span>n the rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come du<span class=\"_ _2\"></span>e from th<span class=\"_ _2\"></span>e tenant o<span class=\"_ _2\"></span>f the relev<span class=\"_ _2\"></span>ant prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. A<span class=\"_ _2\"></span>s the n<span class=\"_ _2\"></span>et init<span class=\"_ _2\"></span>ial yi<span class=\"_ _2\"></span>eld use<span class=\"_ _2\"></span>d to calcu<span class=\"_ _2\"></span>late the a<span class=\"_ _2\"></span>ddit<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l renta<span class=\"_ _2\"></span>l which wo<span class=\"_ _2\"></span>uld b<span class=\"_ _2\"></span>e payab<span class=\"_ _2\"></span>le is not s<span class=\"_ _2\"></span>igni<span class=\"_ _2\"></span>fica<span class=\"_ _2\"></span>ntly dif<span class=\"_ _2\"></span>fere<span class=\"_ _2\"></span>nt from the i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment y<span class=\"_ _2\"></span>ield u<span class=\"_ _2\"></span>sed to arr<span class=\"_ _2\"></span>ive at th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>ation of t<span class=\"_ _2\"></span>he pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s, any p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce pay<span class=\"_ _2\"></span>ment m<span class=\"_ _2\"></span>ade wo<span class=\"_ _2\"></span>uld be e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>cted to result i<span class=\"_ _2\"></span>n a comm<span class=\"_ _2\"></span>ensu<span class=\"_ _2\"></span>rate increa<span class=\"_ _2\"></span>se in th<span class=\"_ _2\"></span>e value o<span class=\"_ _2\"></span>f the G<span class=\"_ _2\"></span>roup\u2019s inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio.<span class=\"_ _231\"> </span>A<span class=\"_ _2\"></span>s at 30 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4, p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce cond<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>s had b<span class=\"_ _2\"></span>een m<span class=\"_ _2\"></span>et in relat<span class=\"_ _2\"></span>ion to t<span class=\"_ _2\"></span>wo prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>erefore \u00a31<span class=\"_ _2\"></span>,91<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>,000 h<span class=\"_ _2\"></span>ad be<span class=\"_ _2\"></span>en reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d as a lia<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>y at th<span class=\"_ _2\"></span>at date (see N<span class=\"_ _2\"></span>ote 1<span class=\"_ _0\"></span>4). An e<span class=\"_ _2\"></span>qua<span class=\"_ _2\"></span>l but op<span class=\"_ _2\"></span>posite am<span class=\"_ _2\"></span>ount h<span class=\"_ _2\"></span>ad be<span class=\"_ _2\"></span>en reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d as an as<span class=\"_ _2\"></span>set in \u2018<span class=\"_ _2\"></span>inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies\u2019 (see N<span class=\"_ _2\"></span>ote 9) to refle<span class=\"_ _2\"></span>ct th<span class=\"_ _2\"></span>e increas<span class=\"_ _2\"></span>e in the i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y valu<span class=\"_ _2\"></span>e that wo<span class=\"_ _2\"></span>uld ha<span class=\"_ _2\"></span>ve bee<span class=\"_ _2\"></span>n expe<span class=\"_ _2\"></span>cted to aris<span class=\"_ _2\"></span>e from th<span class=\"_ _2\"></span>e paym<span class=\"_ _2\"></span>ent of th<span class=\"_ _2\"></span>e per<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ance p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt(s) an<span class=\"_ _2\"></span>d the resu<span class=\"_ _2\"></span>ltin<span class=\"_ _2\"></span>g increas<span class=\"_ _2\"></span>e in the con<span class=\"_ _2\"></span>trac<span class=\"_ _2\"></span>ted renta<span class=\"_ _2\"></span>l incom<span class=\"_ _2\"></span>e. Th<span class=\"_ _2\"></span>ese p<span class=\"_ _2\"></span>erfo<span class=\"_ _2\"></span>rma<span class=\"_ _2\"></span>nce paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of \u00a31,910,00<span class=\"_ _2\"></span>0 were su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y paid a<span class=\"_ _2\"></span>nd rent<span class=\"_ _2\"></span>alise<span class=\"_ _2\"></span>d dur<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e year e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025. In rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n to the on<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>y p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce clau<span class=\"_ _2\"></span>se referred to a<span class=\"_ _2\"></span>bove wh<span class=\"_ _2\"></span>ich rema<span class=\"_ _2\"></span>ined o<span class=\"_ _2\"></span>uts<span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>ding a<span class=\"_ _2\"></span>t 30 Ju<span class=\"_ _2\"></span>ne 2025, t<span class=\"_ _2\"></span>he Grou<span class=\"_ _2\"></span>p determ<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>d that th<span class=\"_ _2\"></span>e contr<span class=\"_ _2\"></span>acted p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce cond<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>s had n<span class=\"_ _2\"></span>ot bee<span class=\"_ _2\"></span>n met at th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet date. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-395": {
   "value": "18. Contingent assets and liabilities<span class=\"_ _231\"> </span>A<span class=\"_ _2\"></span>s at 30 Jun<span class=\"_ _2\"></span>e 2025, on<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty (2024<span class=\"_ _1\"></span>: thre<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties) wit<span class=\"_ _2\"></span>hin th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s invest<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y po<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>foli<span class=\"_ _2\"></span>o contai<span class=\"_ _2\"></span>ned a p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce paym<span class=\"_ _2\"></span>ent cla<span class=\"_ _2\"></span>use whi<span class=\"_ _2\"></span>ch provid<span class=\"_ _2\"></span>ed th<span class=\"_ _2\"></span>at, su<span class=\"_ _2\"></span>bjec<span class=\"_ _2\"></span>t to contra<span class=\"_ _2\"></span>cted pe<span class=\"_ _2\"></span>rfo<span class=\"_ _2\"></span>rman<span class=\"_ _2\"></span>ce condit<span class=\"_ _2\"></span>ions b<span class=\"_ _2\"></span>ein<span class=\"_ _2\"></span>g met<span class=\"_ _2\"></span>, a fur<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r cap<span class=\"_ _2\"></span>ital p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt of \u00a31<span class=\"_ _2\"></span>,785,00<span class=\"_ _2\"></span>0 (202<span class=\"_ _0\"></span>4: \u00a33<span class=\"_ _2\"></span>,695,00<span class=\"_ _2\"></span>0) may b<span class=\"_ _2\"></span>e payab<span class=\"_ _2\"></span>le by th<span class=\"_ _2\"></span>e Group to th<span class=\"_ _2\"></span>e vend<span class=\"_ _2\"></span>or/t<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>nant of t<span class=\"_ _2\"></span>he prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he pote<span class=\"_ _2\"></span>ntial t<span class=\"_ _2\"></span>imin<span class=\"_ _2\"></span>g of this p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt is al<span class=\"_ _2\"></span>so condi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>al on th<span class=\"_ _2\"></span>e date(s) at which t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span> contracted<span class=\"_ _0\"></span> p<span class=\"_ _2\"></span>erformanc<span class=\"_ _0\"></span>e condition<span class=\"_ _1\"></span>s ar<span class=\"_ _0\"></span>e met and is<span class=\"_ _0\"></span> therefor<span class=\"_ _0\"></span>e uncertain.<span class=\"_ _231\"> </span>It is hi<span class=\"_ _2\"></span>ghli<span class=\"_ _2\"></span>ghted th<span class=\"_ _2\"></span>at any pe<span class=\"_ _2\"></span>rfo<span class=\"_ _2\"></span>rman<span class=\"_ _2\"></span>ce paym<span class=\"_ _2\"></span>ents s<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span>ly pai<span class=\"_ _2\"></span>d will res<span class=\"_ _2\"></span>ult in an i<span class=\"_ _2\"></span>ncrease i<span class=\"_ _2\"></span>n the rent<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>come du<span class=\"_ _2\"></span>e from th<span class=\"_ _2\"></span>e tenant o<span class=\"_ _2\"></span>f the relev<span class=\"_ _2\"></span>ant prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. A<span class=\"_ _2\"></span>s the n<span class=\"_ _2\"></span>et init<span class=\"_ _2\"></span>ial yi<span class=\"_ _2\"></span>eld use<span class=\"_ _2\"></span>d to calcu<span class=\"_ _2\"></span>late the a<span class=\"_ _2\"></span>ddit<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l renta<span class=\"_ _2\"></span>l which wo<span class=\"_ _2\"></span>uld b<span class=\"_ _2\"></span>e payab<span class=\"_ _2\"></span>le is not s<span class=\"_ _2\"></span>igni<span class=\"_ _2\"></span>fica<span class=\"_ _2\"></span>ntly dif<span class=\"_ _2\"></span>fere<span class=\"_ _2\"></span>nt from the i<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>ment y<span class=\"_ _2\"></span>ield u<span class=\"_ _2\"></span>sed to arr<span class=\"_ _2\"></span>ive at th<span class=\"_ _2\"></span>e valu<span class=\"_ _2\"></span>ation of t<span class=\"_ _2\"></span>he pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s, any p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce pay<span class=\"_ _2\"></span>ment m<span class=\"_ _2\"></span>ade wo<span class=\"_ _2\"></span>uld be e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>cted to result i<span class=\"_ _2\"></span>n a comm<span class=\"_ _2\"></span>ensu<span class=\"_ _2\"></span>rate increa<span class=\"_ _2\"></span>se in th<span class=\"_ _2\"></span>e value o<span class=\"_ _2\"></span>f the G<span class=\"_ _2\"></span>roup\u2019s inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ty p<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>tfo<span class=\"_ _2\"></span>lio.<span class=\"_ _231\"> </span>A<span class=\"_ _2\"></span>s at 30 Jun<span class=\"_ _2\"></span>e 202<span class=\"_ _0\"></span>4, p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce cond<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>s had b<span class=\"_ _2\"></span>een m<span class=\"_ _2\"></span>et in relat<span class=\"_ _2\"></span>ion to t<span class=\"_ _2\"></span>wo prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ties a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>erefore \u00a31<span class=\"_ _2\"></span>,91<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>,000 h<span class=\"_ _2\"></span>ad be<span class=\"_ _2\"></span>en reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d as a lia<span class=\"_ _2\"></span>bilit<span class=\"_ _2\"></span>y at th<span class=\"_ _2\"></span>at date (see N<span class=\"_ _2\"></span>ote 1<span class=\"_ _0\"></span>4). An e<span class=\"_ _2\"></span>qua<span class=\"_ _2\"></span>l but op<span class=\"_ _2\"></span>posite am<span class=\"_ _2\"></span>ount h<span class=\"_ _2\"></span>ad be<span class=\"_ _2\"></span>en reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>d as an as<span class=\"_ _2\"></span>set in \u2018<span class=\"_ _2\"></span>inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t prope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies\u2019 (see N<span class=\"_ _2\"></span>ote 9) to refle<span class=\"_ _2\"></span>ct th<span class=\"_ _2\"></span>e increas<span class=\"_ _2\"></span>e in the i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y valu<span class=\"_ _2\"></span>e that wo<span class=\"_ _2\"></span>uld ha<span class=\"_ _2\"></span>ve bee<span class=\"_ _2\"></span>n expe<span class=\"_ _2\"></span>cted to aris<span class=\"_ _2\"></span>e from th<span class=\"_ _2\"></span>e paym<span class=\"_ _2\"></span>ent of th<span class=\"_ _2\"></span>e per<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ance p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nt(s) an<span class=\"_ _2\"></span>d the resu<span class=\"_ _2\"></span>ltin<span class=\"_ _2\"></span>g increas<span class=\"_ _2\"></span>e in the con<span class=\"_ _2\"></span>trac<span class=\"_ _2\"></span>ted renta<span class=\"_ _2\"></span>l incom<span class=\"_ _2\"></span>e. Th<span class=\"_ _2\"></span>ese p<span class=\"_ _2\"></span>erfo<span class=\"_ _2\"></span>rma<span class=\"_ _2\"></span>nce paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of \u00a31,910,00<span class=\"_ _2\"></span>0 were su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y paid a<span class=\"_ _2\"></span>nd rent<span class=\"_ _2\"></span>alise<span class=\"_ _2\"></span>d dur<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e year e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d 30 Jun<span class=\"_ _2\"></span>e 2025. In rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n to the on<span class=\"_ _2\"></span>e prop<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>y p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce clau<span class=\"_ _2\"></span>se referred to a<span class=\"_ _2\"></span>bove wh<span class=\"_ _2\"></span>ich rema<span class=\"_ _2\"></span>ined o<span class=\"_ _2\"></span>uts<span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>ding a<span class=\"_ _2\"></span>t 30 Ju<span class=\"_ _2\"></span>ne 2025, t<span class=\"_ _2\"></span>he Grou<span class=\"_ _2\"></span>p determ<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>d that th<span class=\"_ _2\"></span>e contr<span class=\"_ _2\"></span>acted p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>forma<span class=\"_ _2\"></span>nce cond<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>s had n<span class=\"_ _2\"></span>ot bee<span class=\"_ _2\"></span>n met at th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet date. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-396": {
   "value": "19<span class=\"_ _0\"></span>. Capital c<span class=\"_ _0\"></span>ommitments<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p had c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al comm<span class=\"_ _2\"></span>itme<span class=\"_ _2\"></span>nts as fo<span class=\"_ _2\"></span>llows:<span class=\"_ _231\"> </span><table class=\"s w14a hd8\" id=\"_ebcfab3c-9675-48d6-b87f-ff802dab90a9\"><tr><td></td><td class=\"t m0 x1f0 h1d y19a3 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></td><td class=\"t m0 x1f1 hd y19a3 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></td></tr><tr><td></td><td class=\"t m0 x162 h1d y19a4 ff24 fs8 fc1 sc0 lsef wsef\">\u00a3\u2019000<span class=\"_ _231\"> </span></td><td class=\"t m0 x163 hd y19a4 ff25 fs8 fc1 sc0 ls143 ws162\">\u00a3<span class=\"_ _0\"></span>\u2019000<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y191c w307 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4 ws1\">Am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s due to com<span class=\"_ _2\"></span>plete for<span class=\"_ _2\"></span>wa<span class=\"_ _2\"></span>rd fund d<span class=\"_ _2\"></span>evelo<span class=\"_ _2\"></span>pme<span class=\"_ _2\"></span>nts<span class=\"_ _231\"> </span></div></td><td class=\"c n x4af y191c w308 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls4 ws55\">912<span class=\"_ _231\"> </span></div></td><td class=\"c n x4b0 y191c w309 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls82 ws89\">4,7<span class=\"_ _2\"></span>23<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y191d w30a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws44\">Oth<span class=\"_ _2\"></span>er capit<span class=\"_ _2\"></span>al expen<span class=\"_ _2\"></span>diture commitme<span class=\"_ _2\"></span>nts<span class=\"_ _231\"> </span></div></td><td class=\"c n x4b1 y191d w30b hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls63 ws64\">1<span class=\"_ _2\"></span>,113<span class=\"_ _231\"> </span></div></td><td class=\"c n x4b2 y191d w30c haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls49 wsf0\">39<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w147 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5d ws5c\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _231\"> </span></div></td><td class=\"c n x3d4 y18da w30d hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5e ws5d\">2,02<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td><td class=\"c n x4b3 y18da w30e haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls47 ws40\">5<span class=\"_ _2\"></span>,117</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-364": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs34b\">20<span class=\"_ _1\"></span>. Pos<span class=\"_ _1\"></span>t balance s<span class=\"_ _1\"></span>heet ev<span class=\"_ _0\"></span>ents<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs34c\">On<span class=\"_ _2\"></span> 23 Se<span class=\"_ _2\"></span>ptem<span class=\"_ _2\"></span>be<span class=\"_ _2\"></span>r 2025,<span class=\"_ _2\"></span> the G<span class=\"_ _2\"></span>roup e<span class=\"_ _2\"></span>ntered into a \u00a320,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 com<span class=\"_ _2\"></span>mit<span class=\"_ _2\"></span>ted term lo<span class=\"_ _2\"></span>an and \u00a3<span class=\"_ _2\"></span>30,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 revolv<span class=\"_ _2\"></span>ing cred<span class=\"_ _2\"></span>it faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y with RB<span class=\"_ _2\"></span>S wh<span class=\"_ _2\"></span>ich </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs34d\">is repa<span class=\"_ _2\"></span>yabl<span class=\"_ _2\"></span>e in Septe<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 202<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>, with t<span class=\"_ _2\"></span>he opt<span class=\"_ _2\"></span>ion of t<span class=\"_ _2\"></span>wo on<span class=\"_ _2\"></span>e-<span class=\"_ _2\"></span>year ex<span class=\"_ _2\"></span>tensi<span class=\"_ _2\"></span>ons th<span class=\"_ _2\"></span>ereaf<span class=\"_ _2\"></span>ter sub<span class=\"_ _2\"></span>ject to th<span class=\"_ _2\"></span>e conse<span class=\"_ _2\"></span>nt of RBS<span class=\"_ _2\"></span>. The f<span class=\"_ _2\"></span>acil<span class=\"_ _2\"></span>ity a<span class=\"_ _2\"></span>lso i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>es </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs34e\">an a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>rdion o<span class=\"_ _2\"></span>ptio<span class=\"_ _2\"></span>n that<span class=\"_ _2\"></span>, subj<span class=\"_ _2\"></span>ect to th<span class=\"_ _2\"></span>e consen<span class=\"_ _2\"></span>t of RBS, wo<span class=\"_ _2\"></span>uld in<span class=\"_ _2\"></span>crease th<span class=\"_ _2\"></span>e total q<span class=\"_ _2\"></span>uantu<span class=\"_ _2\"></span>m of the f<span class=\"_ _2\"></span>acilit<span class=\"_ _2\"></span>y to \u00a380,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00. Inte<span class=\"_ _2\"></span>rest accr<span class=\"_ _2\"></span>ues on<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs34f\">the d<span class=\"_ _2\"></span>rawn e<span class=\"_ _2\"></span>leme<span class=\"_ _2\"></span>nt of the b<span class=\"_ _2\"></span>ank lo<span class=\"_ _2\"></span>an at a va<span class=\"_ _2\"></span>riab<span class=\"_ _2\"></span>le rate, bas<span class=\"_ _2\"></span>ed on SO<span class=\"_ _2\"></span>NIA p<span class=\"_ _2\"></span>lus marg<span class=\"_ _2\"></span>in an<span class=\"_ _2\"></span>d mand<span class=\"_ _2\"></span>ator<span class=\"_ _2\"></span>y len<span class=\"_ _2\"></span>ding cos<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span>, and is p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le quar<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>ly<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs350\">marg<span class=\"_ _2\"></span>in on th<span class=\"_ _2\"></span>e faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y is 1.<span class=\"_ _2\"></span>50 pe<span class=\"_ _2\"></span>r cent pe<span class=\"_ _2\"></span>r annu<span class=\"_ _2\"></span>m for the d<span class=\"_ _2\"></span>urat<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e loan<span class=\"_ _2\"></span>. A non<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>utili<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>on fee of 0.75 p<span class=\"_ _2\"></span>er cent p<span class=\"_ _2\"></span>er an<span class=\"_ _2\"></span>num is p<span class=\"_ _2\"></span>ayabl<span class=\"_ _2\"></span>e on </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs351\">any un<span class=\"_ _2\"></span>draw<span class=\"_ _2\"></span>n elem<span class=\"_ _2\"></span>ent of th<span class=\"_ _2\"></span>e faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. A<span class=\"_ _2\"></span>s at 13 O<span class=\"_ _2\"></span>ctob<span class=\"_ _2\"></span>er 2025, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up has dr<span class=\"_ _2\"></span>awn \u00a34<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>575,0<span class=\"_ _2\"></span>00 un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>is faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup has e<span class=\"_ _2\"></span>ntered into <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs352\">a fi<span class=\"_ _2\"></span>ve year sw<span class=\"_ _2\"></span>ap wh<span class=\"_ _2\"></span>ich fixe<span class=\"_ _2\"></span>s the inte<span class=\"_ _2\"></span>rest rate o<span class=\"_ _2\"></span>n the \u00a320,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 ter<span class=\"_ _2\"></span>m loan<span class=\"_ _2\"></span>, inclu<span class=\"_ _2\"></span>ding t<span class=\"_ _2\"></span>he ma<span class=\"_ _2\"></span>rgin, at 5<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>26 per cent p<span class=\"_ _2\"></span>er an<span class=\"_ _2\"></span>num<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls57 ws1 gs353\">On 2<span class=\"_ _2\"></span>3 Septem<span class=\"_ _2\"></span>ber 2025<span class=\"_ _2\"></span>, the G<span class=\"_ _2\"></span>roup ente<span class=\"_ _2\"></span>red into a \u00a330,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 com<span class=\"_ _2\"></span>mit<span class=\"_ _2\"></span>ted term loa<span class=\"_ _2\"></span>n and \u00a35<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 revolvi<span class=\"_ _2\"></span>ng credit f<span class=\"_ _2\"></span>acil<span class=\"_ _2\"></span>ity w<span class=\"_ _2\"></span>ith HSBC w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs354\">is repa<span class=\"_ _2\"></span>yabl<span class=\"_ _2\"></span>e in Septe<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 202<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>, with t<span class=\"_ _2\"></span>he opt<span class=\"_ _2\"></span>ion of t<span class=\"_ _2\"></span>wo on<span class=\"_ _2\"></span>e-<span class=\"_ _2\"></span>year ex<span class=\"_ _2\"></span>tensi<span class=\"_ _2\"></span>ons th<span class=\"_ _2\"></span>ereaf<span class=\"_ _2\"></span>ter sub<span class=\"_ _2\"></span>ject to th<span class=\"_ _2\"></span>e conse<span class=\"_ _2\"></span>nt of HSBC<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e facil<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>y also i<span class=\"_ _2\"></span>nclu<span class=\"_ _2\"></span>des </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs355\">an a<span class=\"_ _2\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>rdion o<span class=\"_ _2\"></span>ptio<span class=\"_ _2\"></span>n that<span class=\"_ _2\"></span>, subj<span class=\"_ _2\"></span>ect to th<span class=\"_ _2\"></span>e consen<span class=\"_ _2\"></span>t of HSBC<span class=\"_ _2\"></span>, would i<span class=\"_ _2\"></span>ncrease t<span class=\"_ _2\"></span>he tota<span class=\"_ _2\"></span>l quant<span class=\"_ _2\"></span>um of the f<span class=\"_ _2\"></span>acil<span class=\"_ _2\"></span>ity to \u00a3<span class=\"_ _2\"></span>120,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00. Intere<span class=\"_ _2\"></span>st accr<span class=\"_ _2\"></span>ues <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs356\">on th<span class=\"_ _2\"></span>e drawn e<span class=\"_ _2\"></span>leme<span class=\"_ _2\"></span>nt of th<span class=\"_ _2\"></span>e bank lo<span class=\"_ _2\"></span>an at a va<span class=\"_ _2\"></span>riab<span class=\"_ _2\"></span>le rate, ba<span class=\"_ _2\"></span>sed on SO<span class=\"_ _2\"></span>NIA p<span class=\"_ _2\"></span>lus marg<span class=\"_ _2\"></span>in an<span class=\"_ _2\"></span>d mand<span class=\"_ _2\"></span>ator<span class=\"_ _2\"></span>y len<span class=\"_ _2\"></span>ding cos<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span>, and is p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le quar<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>ly<span class=\"_ _0\"></span>. </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs357\">Th<span class=\"_ _2\"></span>e marg<span class=\"_ _2\"></span>in on th<span class=\"_ _2\"></span>e facil<span class=\"_ _2\"></span>ity i<span class=\"_ _2\"></span>s 1.<span class=\"_ _2\"></span>50 per ce<span class=\"_ _2\"></span>nt per a<span class=\"_ _2\"></span>nnu<span class=\"_ _2\"></span>m for the d<span class=\"_ _2\"></span>urati<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e loan<span class=\"_ _2\"></span>. A non<span class=\"_ _2\"></span>-<span class=\"_ _2\"></span>utilis<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n fee of 0.60 p<span class=\"_ _2\"></span>er cent p<span class=\"_ _2\"></span>er an<span class=\"_ _2\"></span>num is pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs358\">on a<span class=\"_ _2\"></span>ny undr<span class=\"_ _2\"></span>awn ele<span class=\"_ _2\"></span>ment o<span class=\"_ _2\"></span>f the fa<span class=\"_ _2\"></span>cilit<span class=\"_ _2\"></span>y. As at 1<span class=\"_ _2\"></span>3 Octob<span class=\"_ _2\"></span>er 2025, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up has d<span class=\"_ _2\"></span>rawn \u00a350,0<span class=\"_ _2\"></span>00,0<span class=\"_ _2\"></span>00 u<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>r this fa<span class=\"_ _2\"></span>cilit<span class=\"_ _2\"></span>y. The G<span class=\"_ _2\"></span>roup ha<span class=\"_ _2\"></span>s entered </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs359\">into a fi<span class=\"_ _2\"></span>ve year inte<span class=\"_ _2\"></span>rest rate s<span class=\"_ _2\"></span>wap wh<span class=\"_ _2\"></span>ich fi<span class=\"_ _2\"></span>xes the i<span class=\"_ _2\"></span>nterest r<span class=\"_ _2\"></span>ate on the \u00a33<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0,00<span class=\"_ _2\"></span>0 term loa<span class=\"_ _2\"></span>n, in<span class=\"_ _2\"></span>cludin<span class=\"_ _2\"></span>g the m<span class=\"_ _2\"></span>argin<span class=\"_ _2\"></span>, at 5.<span class=\"_ _2\"></span>32 per ce<span class=\"_ _2\"></span>nt per a<span class=\"_ _2\"></span>nnum<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs35a\">On 24 Septem<span class=\"_ _2\"></span>ber 2025<span class=\"_ _2\"></span>, the G<span class=\"_ _2\"></span>roup exch<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span>d contr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s in relat<span class=\"_ _2\"></span>ion to th<span class=\"_ _2\"></span>e disp<span class=\"_ _2\"></span>osal of n<span class=\"_ _2\"></span>ine c<span class=\"_ _2\"></span>are hom<span class=\"_ _2\"></span>es for p<span class=\"_ _2\"></span>roceeds of \u00a385<span class=\"_ _2\"></span>.9 milli<span class=\"_ _2\"></span>on. T<span class=\"_ _2\"></span>his </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs35b\">repre<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span>s a prem<span class=\"_ _2\"></span>ium of 1<span class=\"_ _2\"></span>1.6 p<span class=\"_ _2\"></span>er cent to th<span class=\"_ _2\"></span>e agg<span class=\"_ _2\"></span>regate ho<span class=\"_ _2\"></span>lding v<span class=\"_ _2\"></span>alue o<span class=\"_ _2\"></span>f the pro<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s as at 30 Ju<span class=\"_ _2\"></span>ne 2025, a<span class=\"_ _2\"></span>nd an im<span class=\"_ _2\"></span>pli<span class=\"_ _2\"></span>ed net i<span class=\"_ _2\"></span>nitia<span class=\"_ _2\"></span>l yiel<span class=\"_ _2\"></span>d <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs35c\">of 5.<span class=\"_ _2\"></span>24 per cent<span class=\"_ _2\"></span>. The t<span class=\"_ _2\"></span>rans<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>ion is u<span class=\"_ _2\"></span>ncond<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>al an<span class=\"_ _2\"></span>d is exp<span class=\"_ _2\"></span>ected to com<span class=\"_ _2\"></span>plete on 2<span class=\"_ _2\"></span>2 Octob<span class=\"_ _2\"></span>er 2025.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs35d\">With e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>t from 2<span class=\"_ _2\"></span>1 Augu<span class=\"_ _2\"></span>st 2025, th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p has an a<span class=\"_ _2\"></span>greem<span class=\"_ _2\"></span>ent to dis<span class=\"_ _2\"></span>pose of a f<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>ther p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y for \u00a38.0 m<span class=\"_ _2\"></span>illi<span class=\"_ _2\"></span>on, a p<span class=\"_ _2\"></span>remium o<span class=\"_ _2\"></span>f c.1<span class=\"_ _2\"></span>3 per cen<span class=\"_ _2\"></span>t <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs35e\">to its h<span class=\"_ _2\"></span>oldi<span class=\"_ _2\"></span>ng val<span class=\"_ _2\"></span>ue at 30 J<span class=\"_ _2\"></span>une 2025. T<span class=\"_ _2\"></span>his d<span class=\"_ _2\"></span>ispos<span class=\"_ _2\"></span>al is ex<span class=\"_ _2\"></span>pec<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ed to com<span class=\"_ _2\"></span>plete in Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 2025.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-365": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs360\">21<span class=\"_ _2\"></span>. R<span class=\"_ _0\"></span>elated parti<span class=\"_ _1\"></span>es and tra<span class=\"_ _0\"></span>nsactions wit<span class=\"_ _0\"></span>h the Inv<span class=\"_ _0\"></span>estment Ma<span class=\"_ _0\"></span>nager<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs361\">Th<span class=\"_ _2\"></span>e Boa<span class=\"_ _2\"></span>rd of Direc<span class=\"_ _2\"></span>tors is con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>red to be a rel<span class=\"_ _2\"></span>ated par<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. N<span class=\"_ _2\"></span>o Direc<span class=\"_ _2\"></span>tor has a<span class=\"_ _2\"></span>n interest i<span class=\"_ _2\"></span>n any tr<span class=\"_ _2\"></span>ansa<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>ns whi<span class=\"_ _2\"></span>ch are, or we<span class=\"_ _2\"></span>re, unus<span class=\"_ _2\"></span>ual in <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs362\">the<span class=\"_ _2\"></span>ir nat<span class=\"_ _2\"></span>ure or sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>cant to th<span class=\"_ _2\"></span>e nature of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up. Th<span class=\"_ _2\"></span>e Dire<span class=\"_ _2\"></span>ctors of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up receive<span class=\"_ _2\"></span>d fees for t<span class=\"_ _2\"></span>hei<span class=\"_ _2\"></span>r ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s. T<span class=\"_ _0\"></span>ota<span class=\"_ _2\"></span>l fees for t<span class=\"_ _2\"></span>he year<span class=\"_ _2\"></span> <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs363\">were \u00a32<span class=\"_ _2\"></span>27<span class=\"_ _0\"></span>,000 (<span class=\"_ _2\"></span>202<span class=\"_ _0\"></span>4: \u00a3227<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0) of wh<span class=\"_ _2\"></span>ich \u00a3nil (2024: \u00a3<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>il) rem<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>ed paya<span class=\"_ _2\"></span>ble at t<span class=\"_ _2\"></span>he year-<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs364\">Th<span class=\"_ _2\"></span>e Inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t Mana<span class=\"_ _2\"></span>ger rece<span class=\"_ _2\"></span>ived \u00a37<span class=\"_ _0\"></span>,816<span class=\"_ _2\"></span>,000 (<span class=\"_ _2\"></span>inclus<span class=\"_ _2\"></span>ive of irre<span class=\"_ _2\"></span>coverab<span class=\"_ _2\"></span>le VA<span class=\"_ _0\"></span>T) i<span class=\"_ _2\"></span>n man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent fee<span class=\"_ _2\"></span>s in rela<span class=\"_ _2\"></span>tion to th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>ded 3<span class=\"_ _2\"></span>0 June 2025<span class=\"_ _2\"></span> <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs365\">(202<span class=\"_ _0\"></span>4: \u00a37<span class=\"_ _0\"></span>,518<span class=\"_ _2\"></span>,000<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>. O<span class=\"_ _2\"></span>f this am<span class=\"_ _2\"></span>ount \u00a3<span class=\"_ _2\"></span>1,979,000 (<span class=\"_ _2\"></span>202<span class=\"_ _0\"></span>4: \u00a31,927<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0) remai<span class=\"_ _2\"></span>ned p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le at the yea<span class=\"_ _2\"></span>r-e<span class=\"_ _2\"></span>nd. T<span class=\"_ _2\"></span>he Inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nt Man<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>r received<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs366\">a fu<span class=\"_ _2\"></span>rth<span class=\"_ _2\"></span>er \u00a31<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0 (inclu<span class=\"_ _2\"></span>sive of ir<span class=\"_ _2\"></span>recovera<span class=\"_ _2\"></span>ble VA<span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>) duri<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>ded 30 J<span class=\"_ _2\"></span>une 2025 (2024: \u00a3187<span class=\"_ _0\"></span>,000<span class=\"_ _2\"></span>) in relat<span class=\"_ _2\"></span>ion to it<span class=\"_ _2\"></span>s app<span class=\"_ _2\"></span>ointm<span class=\"_ _2\"></span>ent as </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs367\">Com<span class=\"_ _2\"></span>pany Se<span class=\"_ _2\"></span>cretar<span class=\"_ _2\"></span>y an<span class=\"_ _2\"></span>d Adm<span class=\"_ _2\"></span>inis<span class=\"_ _2\"></span>trator, of which \u00a348,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _1\"></span>: \u00a3<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0) rema<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>d payab<span class=\"_ _2\"></span>le at th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>d. Cer<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>n emp<span class=\"_ _2\"></span>loyees of t<span class=\"_ _2\"></span>he </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs368\">Inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt Man<span class=\"_ _2\"></span>ager a<span class=\"_ _2\"></span>re direc<span class=\"_ _2\"></span>tors of so<span class=\"_ _2\"></span>me of th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s subsid<span class=\"_ _2\"></span>iari<span class=\"_ _2\"></span>es. N<span class=\"_ _2\"></span>eith<span class=\"_ _2\"></span>er the<span class=\"_ _2\"></span>y nor th<span class=\"_ _2\"></span>e Inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt Mana<span class=\"_ _2\"></span>ger re<span class=\"_ _2\"></span>ceive any a<span class=\"_ _2\"></span>ddit<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs369\">remu<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ation i<span class=\"_ _2\"></span>n relati<span class=\"_ _2\"></span>on to ful<span class=\"_ _2\"></span>fill<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>is role.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs36a\">There wer<span class=\"_ _0\"></span>e relat<span class=\"_ _0\"></span>ed part<span class=\"_ _2\"></span>y tran<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>actions<span class=\"_ _0\"></span> within the Gr<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>up<span class=\"_ _0\"></span> and its wholly-owned subsidiaries<span class=\"_ _0\"></span> which are<span class=\"_ _0\"></span> eliminated<span class=\"_ _0\"></span> up<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span> cons<span class=\"_ _1\"></span>olidation.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-397": {
   "value": "21<span class=\"_ _2\"></span>. R<span class=\"_ _0\"></span>elated parti<span class=\"_ _1\"></span>es and tra<span class=\"_ _0\"></span>nsactions wit<span class=\"_ _0\"></span>h the Inv<span class=\"_ _0\"></span>estment Ma<span class=\"_ _0\"></span>nager<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Boa<span class=\"_ _2\"></span>rd of Direc<span class=\"_ _2\"></span>tors is con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>red to be a rel<span class=\"_ _2\"></span>ated par<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span>. N<span class=\"_ _2\"></span>o Direc<span class=\"_ _2\"></span>tor has a<span class=\"_ _2\"></span>n interest i<span class=\"_ _2\"></span>n any tr<span class=\"_ _2\"></span>ansa<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>ns whi<span class=\"_ _2\"></span>ch are, or we<span class=\"_ _2\"></span>re, unus<span class=\"_ _2\"></span>ual in <span class=\"ls1\"> </span>the<span class=\"_ _2\"></span>ir nat<span class=\"_ _2\"></span>ure or sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>cant to th<span class=\"_ _2\"></span>e nature of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up. Th<span class=\"_ _2\"></span>e Dire<span class=\"_ _2\"></span>ctors of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up receive<span class=\"_ _2\"></span>d fees for t<span class=\"_ _2\"></span>hei<span class=\"_ _2\"></span>r ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s. T<span class=\"_ _0\"></span>ota<span class=\"_ _2\"></span>l fees for t<span class=\"_ _2\"></span>he year<span class=\"_ _2\"></span> <span class=\"ls1\"> </span>were \u00a32<span class=\"_ _2\"></span>27<span class=\"_ _0\"></span>,000 (<span class=\"_ _2\"></span>202<span class=\"_ _0\"></span>4: \u00a3227<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0) of wh<span class=\"_ _2\"></span>ich \u00a3nil (2024: \u00a3<span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>il) rem<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>ed paya<span class=\"_ _2\"></span>ble at t<span class=\"_ _2\"></span>he year-<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span>.<span class=\"_ _231\"> </span>Th<span class=\"_ _2\"></span>e Inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t Mana<span class=\"_ _2\"></span>ger rece<span class=\"_ _2\"></span>ived \u00a37<span class=\"_ _0\"></span>,816<span class=\"_ _2\"></span>,000 (<span class=\"_ _2\"></span>inclus<span class=\"_ _2\"></span>ive of irre<span class=\"_ _2\"></span>coverab<span class=\"_ _2\"></span>le VA<span class=\"_ _0\"></span>T) i<span class=\"_ _2\"></span>n man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent fee<span class=\"_ _2\"></span>s in rela<span class=\"_ _2\"></span>tion to th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>ded 3<span class=\"_ _2\"></span>0 June 2025<span class=\"_ _2\"></span> <span class=\"ls1\"> </span>(202<span class=\"_ _0\"></span>4: \u00a37<span class=\"_ _0\"></span>,518<span class=\"_ _2\"></span>,000<span class=\"_ _2\"></span>)<span class=\"_ _0\"></span>. O<span class=\"_ _2\"></span>f this am<span class=\"_ _2\"></span>ount \u00a3<span class=\"_ _2\"></span>1,979,000 (<span class=\"_ _2\"></span>202<span class=\"_ _0\"></span>4: \u00a31,927<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0) remai<span class=\"_ _2\"></span>ned p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le at the yea<span class=\"_ _2\"></span>r-e<span class=\"_ _2\"></span>nd. T<span class=\"_ _2\"></span>he Inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nt Man<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>r received<span class=\"_ _2\"></span> a fu<span class=\"_ _2\"></span>rth<span class=\"_ _2\"></span>er \u00a31<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0 (inclu<span class=\"_ _2\"></span>sive of ir<span class=\"_ _2\"></span>recovera<span class=\"_ _2\"></span>ble VA<span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>) duri<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>ded 30 J<span class=\"_ _2\"></span>une 2025 (2024: \u00a3187<span class=\"_ _0\"></span>,000<span class=\"_ _2\"></span>) in relat<span class=\"_ _2\"></span>ion to it<span class=\"_ _2\"></span>s app<span class=\"_ _2\"></span>ointm<span class=\"_ _2\"></span>ent as Com<span class=\"_ _2\"></span>pany Se<span class=\"_ _2\"></span>cretar<span class=\"_ _2\"></span>y an<span class=\"_ _2\"></span>d Adm<span class=\"_ _2\"></span>inis<span class=\"_ _2\"></span>trator, of which \u00a348,0<span class=\"_ _2\"></span>00 (2024<span class=\"_ _1\"></span>: \u00a3<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>,00<span class=\"_ _2\"></span>0) rema<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>d payab<span class=\"_ _2\"></span>le at th<span class=\"_ _2\"></span>e year en<span class=\"_ _2\"></span>d. Cer<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>n emp<span class=\"_ _2\"></span>loyees of t<span class=\"_ _2\"></span>he Inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt Man<span class=\"_ _2\"></span>ager a<span class=\"_ _2\"></span>re direc<span class=\"_ _2\"></span>tors of so<span class=\"_ _2\"></span>me of th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s subsid<span class=\"_ _2\"></span>iari<span class=\"_ _2\"></span>es. N<span class=\"_ _2\"></span>eith<span class=\"_ _2\"></span>er the<span class=\"_ _2\"></span>y nor th<span class=\"_ _2\"></span>e Inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt Mana<span class=\"_ _2\"></span>ger re<span class=\"_ _2\"></span>ceive any a<span class=\"_ _2\"></span>ddit<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l remu<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ation i<span class=\"_ _2\"></span>n relati<span class=\"_ _2\"></span>on to ful<span class=\"_ _2\"></span>fill<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>is role.<span class=\"_ _231\"> </span>There wer<span class=\"_ _0\"></span>e relat<span class=\"_ _0\"></span>ed part<span class=\"_ _2\"></span>y tran<span class=\"_ _0\"></span>s<span class=\"_ _2\"></span>actions<span class=\"_ _0\"></span> within the Gr<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>up<span class=\"_ _0\"></span> and its wholly-owned subsidiaries<span class=\"_ _0\"></span> which are<span class=\"_ _0\"></span> eliminated<span class=\"_ _0\"></span> up<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span> cons<span class=\"_ _1\"></span>olidation.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-366": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs36c\">22. Operating s<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>ments<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs36d\">Th<span class=\"_ _2\"></span>e Boa<span class=\"_ _2\"></span>rd has consi<span class=\"_ _2\"></span>dere<span class=\"_ _2\"></span>d the req<span class=\"_ _2\"></span>uirem<span class=\"_ _2\"></span>ents o<span class=\"_ _2\"></span>f IFRS 8 \u2018Op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing S<span class=\"_ _2\"></span>egme<span class=\"_ _2\"></span>nts\u2019. The B<span class=\"_ _2\"></span>oard is of th<span class=\"_ _2\"></span>e view t<span class=\"_ _2\"></span>hat th<span class=\"_ _2\"></span>e Group i<span class=\"_ _2\"></span>s enga<span class=\"_ _2\"></span>ged i<span class=\"_ _2\"></span>n a sing<span class=\"_ _2\"></span>le </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs36e\">seg<span class=\"_ _2\"></span>ment of b<span class=\"_ _2\"></span>usin<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span>, bei<span class=\"_ _2\"></span>ng prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y invest<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, an<span class=\"_ _2\"></span>d in one g<span class=\"_ _2\"></span>eog<span class=\"_ _2\"></span>rap<span class=\"_ _2\"></span>hica<span class=\"_ _2\"></span>l area, t<span class=\"_ _2\"></span>he Unite<span class=\"_ _2\"></span>d King<span class=\"_ _2\"></span>dom<span class=\"_ _2\"></span>, and t<span class=\"_ _2\"></span>hat the<span class=\"_ _2\"></span>refore the G<span class=\"_ _2\"></span>roup h<span class=\"_ _2\"></span>as only<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs36f\">a sin<span class=\"_ _2\"></span>gle op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing se<span class=\"_ _2\"></span>gme<span class=\"_ _2\"></span>nt. Th<span class=\"_ _2\"></span>e Boa<span class=\"_ _2\"></span>rd of Direc<span class=\"_ _2\"></span>tors<span class=\"_ _2\"></span>, as a who<span class=\"_ _2\"></span>le, has b<span class=\"_ _2\"></span>een i<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span>ifie<span class=\"_ _2\"></span>d as const<span class=\"_ _2\"></span>itutin<span class=\"_ _2\"></span>g the ch<span class=\"_ _2\"></span>ief op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing de<span class=\"_ _2\"></span>cisio<span class=\"_ _2\"></span>n maker of t<span class=\"_ _2\"></span>he </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs370\">Gro<span class=\"_ _2\"></span>up. Th<span class=\"_ _2\"></span>e key meas<span class=\"_ _2\"></span>ure of pe<span class=\"_ _2\"></span>rfor<span class=\"_ _2\"></span>man<span class=\"_ _2\"></span>ce used by th<span class=\"_ _2\"></span>e Boa<span class=\"_ _2\"></span>rd to asses<span class=\"_ _2\"></span>s the G<span class=\"_ _2\"></span>roup\u2019s pe<span class=\"_ _2\"></span>rfor<span class=\"_ _2\"></span>man<span class=\"_ _2\"></span>ce is the EPR<span class=\"_ _2\"></span>A NT<span class=\"_ _1\"></span>A<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e reconci<span class=\"_ _2\"></span>liati<span class=\"_ _2\"></span>on bet<span class=\"_ _2\"></span>we<span class=\"_ _2\"></span>en </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs371\">the N<span class=\"_ _2\"></span>A<span class=\"_ _0\"></span>V, as cal<span class=\"_ _2\"></span>culated un<span class=\"_ _2\"></span>der I<span class=\"_ _2\"></span>FRS, a<span class=\"_ _2\"></span>nd the EPR<span class=\"_ _2\"></span>A N<span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>A is det<span class=\"_ _2\"></span>aile<span class=\"_ _2\"></span>d in Note 8.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs372\">Th<span class=\"_ _2\"></span>e view t<span class=\"_ _2\"></span>hat th<span class=\"_ _2\"></span>e Group i<span class=\"_ _2\"></span>s enga<span class=\"_ _2\"></span>ged i<span class=\"_ _2\"></span>n a sing<span class=\"_ _2\"></span>le segm<span class=\"_ _2\"></span>ent of b<span class=\"_ _2\"></span>usin<span class=\"_ _2\"></span>ess is ba<span class=\"_ _2\"></span>sed on t<span class=\"_ _2\"></span>he foll<span class=\"_ _2\"></span>owing co<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>erati<span class=\"_ _2\"></span>ons:<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs373\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">On<span class=\"_ _2\"></span>e of the key f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ncial i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ators rece<span class=\"_ _2\"></span>ived a<span class=\"_ _2\"></span>nd revie<span class=\"_ _2\"></span>wed by th<span class=\"_ _2\"></span>e Board i<span class=\"_ _2\"></span>s the tota<span class=\"_ _2\"></span>l return f<span class=\"_ _2\"></span>rom the p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y po<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>folio t<span class=\"_ _2\"></span>aken as a w<span class=\"_ _2\"></span>hol<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>;<span class=\"_ _231\"> </span></span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs255\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>ere is no a<span class=\"_ _2\"></span>cti<span class=\"_ _2\"></span>ve allo<span class=\"_ _2\"></span>catio<span class=\"_ _2\"></span>n of resou<span class=\"_ _2\"></span>rces to par<span class=\"_ _2\"></span>ticul<span class=\"_ _2\"></span>ar t<span class=\"_ _2\"></span>ype<span class=\"_ _2\"></span>s or grou<span class=\"_ _2\"></span>ps of prop<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s in orde<span class=\"_ _2\"></span>r to try to m<span class=\"_ _2\"></span>atch the as<span class=\"_ _2\"></span>set allo<span class=\"_ _2\"></span>cati<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs374\">benchmark; and<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws55 gs375\">\u2022 <span class=\"_ _10\"> </span><span class=\"ws1\">Th<span class=\"_ _2\"></span>e man<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>ment of t<span class=\"_ _2\"></span>he po<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>folio i<span class=\"_ _2\"></span>s ultim<span class=\"_ _2\"></span>ately de<span class=\"_ _2\"></span>legated to a si<span class=\"_ _2\"></span>ngle p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>y ma<span class=\"_ _2\"></span>nag<span class=\"_ _2\"></span>er<span class=\"_ _0\"></span>, T<span class=\"_ _0\"></span>arg<span class=\"_ _2\"></span>et.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-367": {
   "value": "<div class=\"t m0 h59 ff24 fs1 fc3 sc0 ls2f ws1 gs377\">23. Al<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>tive I<span class=\"_ _1\"></span>nv<span class=\"_ _0\"></span>estment F<span class=\"_ _0\"></span>und Managers (\u2018<span class=\"_ _f\"></span>AIF<span class=\"_ _0\"></span>M\u2019) D<span class=\"_ _2\"></span>ir<span class=\"_ _0\"></span>ective<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs378\">With e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>t from 22 J<span class=\"_ _2\"></span>uly 2014, the Co<span class=\"_ _2\"></span>mpa<span class=\"_ _2\"></span>ny\u2019s Inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt Man<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>r was aut<span class=\"_ _2\"></span>hori<span class=\"_ _2\"></span>sed as a<span class=\"_ _2\"></span>n AIFM by the FC<span class=\"_ _2\"></span>A und<span class=\"_ _2\"></span>er th<span class=\"_ _2\"></span>e AIFMD reg<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>. <span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs379\">In accord<span class=\"_ _2\"></span>ance wi<span class=\"_ _2\"></span>th the A<span class=\"_ _2\"></span>IFM Direc<span class=\"_ _2\"></span>tive, in<span class=\"_ _2\"></span>format<span class=\"_ _2\"></span>ion in re<span class=\"_ _2\"></span>latio<span class=\"_ _2\"></span>n to the G<span class=\"_ _2\"></span>roup\u2019s lever<span class=\"_ _2\"></span>age a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>e remun<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion of th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any\u2019s A<span class=\"_ _2\"></span>IFM,<span class=\"ls1\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs37a\">T<span class=\"_ _0\"></span>arge<span class=\"_ _2\"></span>t F<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>d Mana<span class=\"_ _2\"></span>ger<span class=\"_ _2\"></span>s Limite<span class=\"_ _2\"></span>d, is requ<span class=\"_ _2\"></span>ired to be m<span class=\"_ _2\"></span>ade av<span class=\"_ _2\"></span>aila<span class=\"_ _2\"></span>ble to inve<span class=\"_ _2\"></span>stors<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e Mana<span class=\"_ _2\"></span>ger ha<span class=\"_ _2\"></span>s provid<span class=\"_ _2\"></span>ed dis<span class=\"_ _2\"></span>closure<span class=\"_ _2\"></span>s on its w<span class=\"_ _2\"></span>ebsite, </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls45 ws24 gs37b\">w<span class=\"_ _2\"></span>ww.<span class=\"_ _0\"></span>targetfundmanagers.com, inc<span class=\"_ _0\"></span>orporating the r<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>quir<span class=\"_ _0\"></span>ements of the<span class=\"_ _1\"></span> AIF<span class=\"_ _1\"></span>MD r<span class=\"_ _0\"></span>egulations regar<span class=\"_ _0\"></span>ding remuneration.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs37c\">Th<span class=\"_ _2\"></span>e Grou<span class=\"_ _2\"></span>p\u2019s maxim<span class=\"_ _2\"></span>um an<span class=\"_ _2\"></span>d avera<span class=\"_ _2\"></span>ge ac<span class=\"_ _2\"></span>tual le<span class=\"_ _2\"></span>verag<span class=\"_ _2\"></span>e level<span class=\"_ _2\"></span>s are sh<span class=\"_ _2\"></span>own be<span class=\"_ _2\"></span>low:<span class=\"_ _231\"> </span></div><div class=\"gs37d\"><table class=\"s w30f hd9\" id=\"_8fe0df3c-268a-45f5-b0b4-e24ffc7b32b9\"><tr><td></td><td class=\"c n x4b4 y19a5 w310 hc3\"><div class=\"t m0 x154 hd y1889 ff24 fs8 fc1 sc0 ls1c ws1\">30 Ju<span class=\"_ _2\"></span>ne 202<span class=\"_ _2\"></span>5<span class=\"_ _231\"> </span></div></td><td></td><td class=\"c n x4b5 y19a5 w311 hc4\"><div class=\"t m0 x154 hd y1889 ff25 fs8 fc1 sc0 ls1c ws1\">30 J<span class=\"_ _2\"></span>une 2024<span class=\"_ _231\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x160 h1d y19a6 ff24 fs8 fc1 sc0 ls1 ws1\">Gros<span class=\"_ _2\"></span>s </td><td class=\"t m0 x4b6 h1d y19a6 ff24 fs8 fc1 sc0 ls13a ws160\">Commitment<span class=\"_ _231\"> </span></td><td class=\"t m0 x162 hd y19a6 ff25 fs8 fc1 sc0 ls1c ws150\">Gro<span class=\"_ _2\"></span>ss </td><td class=\"t m0 x1f1 hd y19a6 ff25 fs8 fc1 sc0 ls93 ws16c\">Commitm<span class=\"_ _2\"></span>ent<span class=\"_ _231\"> </span></td></tr><tr><td class=\"t m0 x164 hd y19a7 ff25 fs8 fc1 sc0 ls166 ws17f\">Leverage exposure<span class=\"_ _231\"> </span></td><td class=\"t m0 x4b7 h1d y19a7 ff24 fs8 fc1 sc0 ls71 ws174\">method<span class=\"_ _231\"> </span></td><td class=\"t m0 x4b8 h1d y19a7 ff24 fs8 fc1 sc0 ls71 ws174\">method<span class=\"_ _231\"> </span></td><td class=\"t m0 x4b9 hd y19a7 ff25 fs8 fc1 sc0 ls15f ws176\">metho<span class=\"_ _2\"></span>d<span class=\"_ _231\"> </span></td><td class=\"t m0 x4ba hd y19a7 ff25 fs8 fc1 sc0 ls15f ws176\">metho<span class=\"_ _2\"></span>d<span class=\"_ _231\"> </span></td></tr><tr><td class=\"c n x165 y194d w312 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls43 ws41\">Maximum limit<span class=\"_ _231\"> </span></div></td><td class=\"c n x4bb y194d w313 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">3.00<span class=\"_ _231\"> </span></div></td><td class=\"c n x4bc y194d w314 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls59 ws57\">3<span class=\"_ _2\"></span>.00<span class=\"_ _231\"> </span></div></td><td class=\"c n x4bd y194d w315 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls59 ws57\">3.0<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td><td class=\"c n x4be y194d w315 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls59 ws57\">3.0<span class=\"_ _2\"></span>0<span class=\"_ _231\"> </span></div></td></tr><tr><td class=\"c n x165 y18da w316 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls48 ws6e\">Actual<span class=\"_ _231\"> </span></div></td><td class=\"c n x4bf y18da w317 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls5c ws5b\">1<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>76<span class=\"_ _231\"> </span></div></td><td class=\"c n x4c0 y18da w318 hb4\"><div class=\"t m0 x154 h17 y1891 ff24 fs2 fc1 sc0 ls20 ws58\">1<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>81<span class=\"_ _231\"> </span></div></td><td class=\"c n x304 y18da w319 haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls4f ws12\">1.7<span class=\"_ _2\"></span>9<span class=\"_ _231\"> </span></div></td><td class=\"c n x35e y18da w31a haf\"><div class=\"t m0 x154 h17 y1891 ff25 fs2 fc1 sc0 ls43 ws9b\">1<span class=\"_ _2\"></span>.85<span class=\"_ _231\"> </span></div></td></tr></table></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs37e\">For th<span class=\"_ _2\"></span>e pur<span class=\"_ _2\"></span>pose<span class=\"_ _2\"></span>s of the A<span class=\"_ _2\"></span>IFM Direc<span class=\"_ _2\"></span>tive, leve<span class=\"_ _2\"></span>rag<span class=\"_ _2\"></span>e is any met<span class=\"_ _2\"></span>hod w<span class=\"_ _2\"></span>hich in<span class=\"_ _2\"></span>creases t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s exp<span class=\"_ _2\"></span>osure, in<span class=\"_ _2\"></span>cludi<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e borrow<span class=\"_ _2\"></span>ing of c<span class=\"_ _2\"></span>ash an<span class=\"_ _2\"></span>d </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs37f\">the u<span class=\"_ _2\"></span>se of de<span class=\"_ _2\"></span>rivat<span class=\"_ _2\"></span>ives<span class=\"_ _2\"></span>. It is exp<span class=\"_ _2\"></span>resse<span class=\"_ _2\"></span>d as a percent<span class=\"_ _2\"></span>age o<span class=\"_ _2\"></span>f the G<span class=\"_ _2\"></span>roup\u2019s exp<span class=\"_ _2\"></span>osure to it<span class=\"_ _2\"></span>s net ass<span class=\"_ _2\"></span>et valu<span class=\"_ _2\"></span>e and is c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ated on b<span class=\"_ _2\"></span>oth a gross a<span class=\"_ _2\"></span>nd </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls43 ws45 gs380\">commi<span class=\"_ _0\"></span>tment method.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs381\">Un<span class=\"_ _2\"></span>der th<span class=\"_ _2\"></span>e gross m<span class=\"_ _2\"></span>etho<span class=\"_ _2\"></span>d, exp<span class=\"_ _2\"></span>osure rep<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span>s the s<span class=\"_ _2\"></span>um of the G<span class=\"_ _2\"></span>roup\u2019s p<span class=\"_ _2\"></span>ositio<span class=\"_ _2\"></span>ns af<span class=\"_ _2\"></span>ter ded<span class=\"_ _2\"></span>uct<span class=\"_ _2\"></span>ion of c<span class=\"_ _2\"></span>ash bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span>s, wit<span class=\"_ _2\"></span>hout t<span class=\"_ _2\"></span>akin<span class=\"_ _2\"></span>g account of<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs382\">any h<span class=\"_ _2\"></span>edgi<span class=\"_ _2\"></span>ng or n<span class=\"_ _2\"></span>ett<span class=\"_ _2\"></span>ing ar<span class=\"_ _2\"></span>ran<span class=\"_ _2\"></span>geme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>. Und<span class=\"_ _2\"></span>er th<span class=\"_ _2\"></span>e commit<span class=\"_ _2\"></span>ment m<span class=\"_ _2\"></span>etho<span class=\"_ _2\"></span>d, exp<span class=\"_ _2\"></span>osure is c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ated with<span class=\"_ _2\"></span>out th<span class=\"_ _2\"></span>e ded<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on of ca<span class=\"_ _2\"></span>sh bal<span class=\"_ _2\"></span>ances a<span class=\"_ _2\"></span>nd </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs383\">af<span class=\"_ _2\"></span>ter cer<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>n hed<span class=\"_ _2\"></span>ging a<span class=\"_ _2\"></span>nd net<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g posit<span class=\"_ _2\"></span>ions a<span class=\"_ _2\"></span>re off<span class=\"_ _2\"></span>set aga<span class=\"_ _2\"></span>inst e<span class=\"_ _2\"></span>ach oth<span class=\"_ _2\"></span>er<span class=\"_ _0\"></span>. B<span class=\"_ _2\"></span>oth met<span class=\"_ _2\"></span>hods i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e the G<span class=\"_ _2\"></span>roup\u2019s inte<span class=\"_ _2\"></span>rest rate d<span class=\"_ _2\"></span>eriv<span class=\"_ _2\"></span>atives m<span class=\"_ _2\"></span>easu<span class=\"_ _2\"></span>red </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls4 ws1 gs384\">at not<span class=\"_ _2\"></span>iona<span class=\"_ _2\"></span>l valu<span class=\"_ _2\"></span>e.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs385\">Th<span class=\"_ _2\"></span>e lever<span class=\"_ _2\"></span>age li<span class=\"_ _2\"></span>mit<span class=\"_ _2\"></span>s are set by th<span class=\"_ _2\"></span>e AIFM and a<span class=\"_ _2\"></span>pprove<span class=\"_ _2\"></span>d by the B<span class=\"_ _2\"></span>oard an<span class=\"_ _2\"></span>d are in lin<span class=\"_ _2\"></span>e with t<span class=\"_ _2\"></span>he max<span class=\"_ _2\"></span>imum l<span class=\"_ _2\"></span>evera<span class=\"_ _2\"></span>ge leve<span class=\"_ _2\"></span>ls pe<span class=\"_ _2\"></span>rmit<span class=\"_ _2\"></span>ted in th<span class=\"_ _2\"></span>e Comp<span class=\"_ _2\"></span>any\u2019s<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs386\">Ar<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>les of A<span class=\"_ _2\"></span>sso<span class=\"_ _2\"></span>ciatio<span class=\"_ _2\"></span>n. Th<span class=\"_ _2\"></span>e AIFM is al<span class=\"_ _2\"></span>so requ<span class=\"_ _2\"></span>ired to comp<span class=\"_ _2\"></span>ly wit<span class=\"_ _2\"></span>h the ge<span class=\"_ _2\"></span>arin<span class=\"_ _2\"></span>g para<span class=\"_ _2\"></span>meter<span class=\"_ _2\"></span>s set by the B<span class=\"_ _2\"></span>oard in re<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>on to bor<span class=\"_ _2\"></span>rowing<span class=\"_ _2\"></span>s.<span class=\"_ _231\"> </span></div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls2f ws1 gs387\">Det<span class=\"_ _2\"></span>aile<span class=\"_ _2\"></span>d regul<span class=\"_ _2\"></span>ator<span class=\"_ _2\"></span>y discl<span class=\"_ _2\"></span>osures to inve<span class=\"_ _2\"></span>stors i<span class=\"_ _2\"></span>n accordan<span class=\"_ _2\"></span>ce with th<span class=\"_ _2\"></span>e AIFM Di<span class=\"_ _2\"></span>recti<span class=\"_ _2\"></span>ve are conta<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>d in the I<span class=\"_ _2\"></span>nvestor D<span class=\"_ _2\"></span>isclos<span class=\"_ _2\"></span>ure Docu<span class=\"_ _2\"></span>ment w<span class=\"_ _2\"></span>hich is<span class=\"_ _2\"></span> </div><div class=\"t m0 h17 ff25 fs2 fc1 sc0 ls1 ws24 gs388\">made available<span class=\"_ _0\"></span> on the Group<span class=\"_ _0\"></span>\u2019s websi<span class=\"_ _0\"></span>te at<span class=\"_ _0\"></span> w<span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>w<span class=\"_ _0\"></span>.targe<span class=\"_ _0\"></span>th<span class=\"_ _2\"></span>eal<span class=\"_ _0\"></span>thcarereit.<span class=\"_ _0\"></span>co.uk.</div>",
   "dimensions": {
    "concept": "targethealthcare:DisclosureOfAlternativeInvestmentFundManagersAIFMDirective",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-336": {
   "value": "Level 4 Dashwood House 69 Old Broad Street London EC2M 1QS",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800RXPY9WULUSBC04",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  }
 }
}